MCE 1.43% 35.5¢ matrix composites & engineering limited

if they ever, page-36

  1. asf
    9,887 Posts.
    Good find, guys, on the Wheatstone stuff. Question is, how much is it worth, and can MCE make an actual profit on it? I am always surprised at the revenue so many companies achieve, but results can still be terrible.

    I think there is a management discount on MCE. The market has seen too many misses of guidance. Companies can only get away with a few, and then the market smashes them. Private equity or a bigger player could sort this crew out. But then again, mining services is suffering- CGH lost 59% of its share price today in missing guidance.

    Even though I am sure MCE has been generous to the Begleys, they will be looking hard at things now, given the company floated at $1.00, made the family into multi-millionaires, but has now lost all those gains and more.
 
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