I don't blame the market. I overestimated how cyclical this business can be. 2020 was exceptionally bad. On the positive side - MCE did not take on excessive leverage. That saved the company. When the cycle turns it has the facilities, capability and technology to post very big returns. This is a asymmetric opportunity as explained by Mohnish Pabrai in his book The Dhandho Investor - the potential return is much greater than the downside.
I don't blame the market. I overestimated how cyclical this...
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Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $70.25M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.0¢ | $8.346K | 25.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26100 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 5652 | 2 |
View Market Depth
| Last trade - 13.56pm 06/06/2024 (20 minute delay) ? |
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Last
32.0¢ |
Change
-0.005 ( 2.56 %) |
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| Open | High | Low | Volume | ||
| 31.5¢ | 32.0¢ | 31.5¢ | 9330 | ||
| Last updated 13.56pm 06/06/2024 ? | |||||
| MCE (ASX) Chart |