I don't think so - not that MCE wouldn't be an attractive target to somebody like Trelleborg looking for Asian capacity, but the trading halt would have said something like "pending the announcement of a significan transaction" if a takeover was on the cards. Instead, it used the words "financial and operational", which I think is code for: yikes the share price is gettin hammered for no good reason, let's buy ourselves two days and make an announcement about nameplate capacity / order book. At least that is my optimistic predication. No sure what the bad news could be - they did a good job of getting that out inte half yearly presentation.
nameplate capacity????, page-20
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Last
35.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $79.45M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 34.5¢ | $10.95K | 31.47K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18063 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 43672 | 2 |
View Market Depth
| Last trade - 15.46pm 04/10/2024 (20 minute delay) ? |
| MCE (ASX) Chart |