its a long-dated call option over the oil price.
the sale and lease-back highlights the fact that the operating business isn't making any money.
the question then becomes:
1. can they survive operating at 25-35% of capacity
2. can they expand other parts of the business
3. staff retenstion when fly-in /fly-out for mining is difficult (ie people will leave for the mines in preference to working in perth)
4. work in hand in h2 was smashed ......
will take some time to play out (1-3 yrs)
I would buy on weakness - given its trading at practically cash asset backing (not a true indication, b/c of the working capital within the buss......)
rgds
V_H
- Forums
- ASX - By Stock
- News: MCE Matrix Composites & Engineering Posts FY Net Loss After Tax $64.5 MLN
its a long-dated call option over the oil price. the sale and...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MCE (ASX) to my watchlist
(20min delay)
|
|||||
Last
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $74.97M |
Open | High | Low | Value | Volume |
34.0¢ | 34.0¢ | 33.5¢ | $19.85K | 58.45K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 34477 | 33.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 34477 | 0.335 |
2 | 12560 | 0.330 |
2 | 8700 | 0.325 |
3 | 19950 | 0.320 |
2 | 5300 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 50000 | 1 |
0.350 | 61468 | 3 |
0.360 | 48197 | 3 |
0.365 | 30486 | 3 |
0.385 | 20000 | 1 |
Last trade - 15.46pm 15/10/2024 (20 minute delay) ? |
Featured News
MCE (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online