AIS, page-8

First 8 Last

Share
Profile

Follow
1_Day_Man

844 Posts.

14

01/02/24

13:07

Post #: 72183781
Share

Originally posted by edved86: ↑

Hi 1DM
Managed to find this from Euroz coverage:
Gives some guidance on splits.

-----
Competitors
Balmoral Offshore- is a UK based composites manufacturer with a 23,000sqm facility in Aberdeen. Established in 1980 the company operates in oil and gas, defence and renewable sectors the company competes with MCE across product range. Annual turn over is ~GBP100m. In its March 2022 accounts the company reported record order backlogs, with the business benefiting from substantial investment in the energy transition, which in our view leaves MCE potentially well placed to bid and win work. We estimate Balmoral supply ~ 70% of global SURF supply. Recent bidding activity would suggest that the company has largely exited the Riser market, providing significant opportunity for MCE to capitalise on growing demand. CRP Subsea located in the UK based following the divestment of Trelleborg Offshore Assets. The business was subsequently acquired PE backed AIS in November 2022. The combined AIS group offers a range of chemical, automotive and buoyancy products. We estimate CRP is responsible for ~20% of global surf supply. There are a number of smaller players in the space

BMTI (French)
Flotation Technologies
E Syntactic (ESS) (US)
FenderCare
Marlog

Stringent quality standards in the Oil and Gas segment is a major barrier to entry for new production players, at this stage we do not see a risk from emerging markets for the surf/buoyancy products given the costs involved in attaining quality ratings. New players would also have trouble attaining references to supply to majors.
-----

DYOR

Expand

very nice find. thanks for sharing

MCE Price at posting: 30.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

NUZ

Neurizon inks $1.5M loan against R&D Tax Rebate

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

HAR

Haranga jumps +7% on Lincoln acquisition

IXR

Ionic Rare Earths falls -7% as momentum slips on vague production update

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 27.0¢		Change 0.000(0.00%)		Mkt cap ! $60.42M

Open	High	Low	Value	Volume
26.5¢	28.0¢	25.5¢	$266.2K	977.1K

Buyers (Bids)

No.	Vol.	Price($)
1	2023	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
28.0¢	1042842	2

View Market Depth

No.	Vol.	Price($)
1	2023	0.270
2	72581	0.265
2	138620	0.260
4	41858	0.255
7	222950	0.250

Price($)	Vol.	No.
0.280	1042842	2
0.285	100000	1
0.290	170888	2
0.300	76000	1
0.310	15000	1

Last trade - 15.51pm 30/07/2025 (20 minute delay)

MCE (ASX) Chart

AIS, page-8

Neurizon inks $1.5M loan against R&D Tax Rebate

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

Haranga jumps +7% on Lincoln acquisition

Ionic Rare Earths falls -7% as momentum slips on vague production update

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

AIS, page-8

Top Stories

Neurizon inks $1.5M loan against R&D Tax Rebate

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

Haranga jumps +7% on Lincoln acquisition

Ionic Rare Earths falls -7% as momentum slips on vague production update

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News