Some good points about the oil price. Sentiment is clearly not with MCE, while the oil price is falling. But the bigger question is in Flemster's post - will the low oil price lead to deferral of new contract awards and margin squeeze ?
I think the answer to both is almost certainly yes. But :
- MCE should be insulated for the next 18 months by existing work;
- the falling dollar should help them win a bigger share of new work, and protect margins to some degree;
- not all their business is new exploration, there is a large maintenance market;
- they are also developing products for new markets;
- arguably, at half net asset value, the deteriorating outlook is in the price;
- the big shareholders, including the founder, will most likely engineer a takeover if things get too grim.
- Forums
- ASX - By Stock
- MCE
- Now becoming interesting
Now becoming interesting, page-9
-
- There are more pages in this discussion • 8 more messages 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
35.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $77.94M |
Open | High | Low | Value | Volume |
34.0¢ | 35.5¢ | 34.0¢ | $42.40K | 121.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 34573 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.5¢ | 32901 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 34573 | 0.345 |
2 | 39999 | 0.340 |
1 | 7200 | 0.335 |
1 | 15000 | 0.330 |
2 | 9950 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.355 | 32901 | 2 |
0.360 | 27270 | 3 |
0.365 | 50487 | 4 |
0.400 | 10000 | 1 |
0.420 | 30000 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
MCE (ASX) Chart |