Time to buy. Compelling at these prices. I am not expecting the company to announce any more contracts. The order book has strengthened slightly and the quote book is it a record high. The new LNG projects in Australia should support the company's diversification from bouyancy risers and add incrementally to the order book. FY12 will be a poor year for MCE, but $20 million normalized NPAT for less than $200 million equity value is a great opportunity while this stock is down and out. A push to $40 -$50 million NPAT in FY 13 / 14 will make today's close look like a bargain sale. If you are unsure about the industry, google "brazil offshore subsalt" to get a feel for what is happening in the market.
nameplate capacity????, page-10
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MCE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
33.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 33.0¢ | $3.245K | 9.833K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24240 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 4000 | 2 |
View Market Depth
| Last trade - 10.04am 28/06/2024 (20 minute delay) ? |
| MCE (ASX) Chart |