What seems missing is any new contract announcements since Nov23 (where prior to that, they had secured ~90m in the previous 18 mths).
If we don't here anything in June, then we should expect a pretty decent 2H24 (close to ~$60m in revenues......EBITDA is a big ??), but based on their Feb24 announcement, they have ~$30m in FY2025 contracted revenues which does not seem sufficient to maintain profitability.
It seems incredibly silent across a range of fronts - the Rio demonstration project, subsea contracts both in the O&G sector as well as any follow on from their Sea Mining contract, and then offshore wind.
Already a sizable holding and although the weakness in price looks tempting, the 2 big questions is whether the revenue growth will continue beyond the current FY, and also whether even at this higher revenue number they are profitable and can deliver decent cashflow.
- Forums
- ASX - By Stock
- MCE
- Ann: Appendix 3Y - Alison Terry
Ann: Appendix 3Y - Alison Terry, page-12
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MCE (ASX) to my watchlist
|
|||||
Last
33.5¢ |
Change
0.005(1.52%) |
Mkt cap ! $73.54M |
Open | High | Low | Value | Volume |
32.5¢ | 33.5¢ | 32.5¢ | $6.159K | 18.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 17999 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.5¢ | 15150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 17999 | 0.325 |
2 | 20793 | 0.320 |
2 | 47000 | 0.315 |
2 | 85000 | 0.310 |
1 | 18780 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.335 | 15150 | 1 |
0.340 | 56254 | 2 |
0.350 | 8450 | 1 |
0.360 | 1115 | 2 |
0.365 | 64307 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
MCE (ASX) Chart |