Time to buy. Compelling at these prices. I am not expecting the company to announce any more contracts. The order book has strengthened slightly and the quote book is it a record high. The new LNG projects in Australia should support the company's diversification from bouyancy risers and add incrementally to the order book. FY12 will be a poor year for MCE, but $20 million normalized NPAT for less than $200 million equity value is a great opportunity while this stock is down and out. A push to $40 -$50 million NPAT in FY 13 / 14 will make today's close look like a bargain sale. If you are unsure about the industry, google "brazil offshore subsalt" to get a feel for what is happening in the market.
Time to buy. Compelling at these prices. I am not expecting the...
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Last
33.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 33.5¢ | 33.0¢ | $13.61K | 41.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 46857 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 39999 | 1 |
View Market Depth
| Last trade - 10.31am 27/06/2024 (20 minute delay) ? |
| MCE (ASX) Chart |