Yeah, I came on board recently. Obviously it's been a bit lumpy, but that’s expected with a stock like this with contract timing, liquidity, and market sentiment all see sawing everywhere.
What I see is a company with a strong order pipeline, a record revenue base already secured for FY25, and a sector that’s growing nicely through subsea buoyancy (no doubt from an increase in investment in offshare oil and gas). The market wants to see contract conversions before re-rating, but when that happens, I think the price has serious potential. Just a patience game now.
Unless someone knows something prior to the ann on Friday, I would be suprised it drops further, but then again I rarely pick the bottom.
MCE Price at posting:
21.0¢ Sentiment: None Disclosure: Held
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)