I reckon there is every chance that Matrix will be taken over by the time the full year results come along.
The falling Aussie dollar leaves them well placed to win business at the expense of larger competitors. Better one of those competitors takes advantage of Aussie dollar weakness to buy Matrix.
The upside if oil does come back is massive, but that's no certainty. And the stock is still illiquid.
So NAV of around 130c plus 3-5c dividends would do me fine.
Blood on the streets, page-3
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Last
33.0¢ |
Change
0.005(1.54%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.0¢ | $8.14K | 24.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 21000 | 1 |
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| Last trade - 12.30pm 15/08/2024 (20 minute delay) ? |
| MCE (ASX) Chart |