I don't think so - not that MCE wouldn't be an attractive target to somebody like Trelleborg looking for Asian capacity, but the trading halt would have said something like "pending the announcement of a significan transaction" if a takeover was on the cards. Instead, it used the words "financial and operational", which I think is code for: yikes the share price is gettin hammered for no good reason, let's buy ourselves two days and make an announcement about nameplate capacity / order book. At least that is my optimistic predication. No sure what the bad news could be - they did a good job of getting that out inte half yearly presentation.
I don't think so - not that MCE wouldn't be an attractive target...
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Last
32.5¢ |
Change
-0.005(1.52%) |
Mkt cap ! $71.35M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 32.5¢ | $1.973K | 6.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17999 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 10148 | 2 |
View Market Depth
| Last trade - 10.04am 05/07/2024 (20 minute delay) ? |
| MCE (ASX) Chart |