Definitely a solid value play. Intrinsic value at $9 plus - this from a couple of very respected sources.
Upcoming financials will be keenly anticipated, but a company that expects roughly 80% growth for FY2012 and a more reasonable 8% the following FY, at this discounted price with the demand for their technology as strong as it is and will continue to be - anything under $6 is a steal... Sure it may go lower (at which point I'll buy even more). Sooner or later the market will catch up with the fundamentals.
In short - don't stress it but keep more funds to take advantage of any future bear market volatility!
Remember, CR was done at $8.50 a share and back then it was seen as good value. Nothing has changed fundamentally except the lucky people who are loading up now get a severely discounted bargain with $30M in the bank outside of earnings. I wouldn't be feeling fear right now (depending on your timeframe for holding the stock), I'd be thanking my lucky stars to be able to buy in at these prices...
Anyhow, my 2 cents worth. Good luck all!
- Forums
- ASX - By Stock
- MCE
- what is the result reporting date
what is the result reporting date, page-11
-
- There are more pages in this discussion • 1 more message 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
34.0¢ |
Change
-0.010(2.86%) |
Mkt cap ! $74.64M |
Open | High | Low | Value | Volume |
34.0¢ | 34.0¢ | 34.0¢ | $1.02K | 3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32155 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 32155 | 0.330 |
1 | 2500 | 0.325 |
1 | 15625 | 0.320 |
1 | 3171 | 0.315 |
3 | 89132 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 30000 | 1 |
0.345 | 10160 | 1 |
0.350 | 98847 | 3 |
0.360 | 32500 | 2 |
0.365 | 3800 | 1 |
Last trade - 10.04am 04/09/2024 (20 minute delay) ? |
Featured News
MCE (ASX) Chart |