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29.0¢ matrix composites & engineering limited

Ann: Appendix 3Y - Alison Terry, page-13

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Peppie

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24/05/24

14:01

Post #: 73994913
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Originally posted by SteveSage: ↑

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.

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Spot on.

MCE Price at posting: 30.5¢ Sentiment: None Disclosure: Held
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Last 29.0¢		Change 0.000(0.00%)		Mkt cap ! $64.90M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	172663	29.0¢

Sellers (Offers)

Price($)	Vol.	No.
30.0¢	29969	1

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No.	Vol.	Price($)
2	172663	0.290
1	2200	0.285
2	13509	0.275
1	11111	0.270
1	3773	0.265

Price($)	Vol.	No.
0.305	22857	1
0.310	25000	1
0.330	65000	1
0.335	37374	2
0.340	94479	3

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