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35.5¢ matrix composites & engineering limited

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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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(20min delay)
Last 35.5¢		Change 0.000(0.00%)		Mkt cap ! $77.94M

Open	High	Low	Value	Volume
34.0¢	35.5¢	34.0¢	$42.40K	121.6K

Buyers (Bids)

No.	Vol.	Price($)
1	34573	34.5¢

Sellers (Offers)

Price($)	Vol.	No.
35.5¢	32901	2

View Market Depth

No.	Vol.	Price($)
1	34573	0.345
2	39999	0.340
1	7200	0.335
1	15000	0.330
2	9950	0.320

Price($)	Vol.	No.
0.355	32901	2
0.360	27270	3
0.365	50487	4
0.400	10000	1
0.420	30000	1

Last trade - 16.10pm 02/10/2024 (20 minute delay)

MCE (ASX) Chart