Interesting....another 3m shares (~1.25%) in the space of a month
mgmt have not provided any guidance post 1H25 results, so you'd assume they are on track to do ~40m in 2H25 and ~$80m for FY25 which is going to be down on last year......and then add to that they have not signed any new material contracts since Nov24, so how much work have they got on the books for 1H26 (they previously pointed to delayed orders, but even with all this global uncertainty, you'd imagine clients can't be basing their decisions on short term issues, but rather long term investments......so where are those FY26 orders)?
Hopefully we will find out in August, but mgmt need to do a lot more communication else AIS are going to list and take these guys out for a lot less than what their potential with that Henderson facility
MCE Price at posting:
20.0¢ Sentiment: None Disclosure: Held
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