reduced debt? as far as the annual report states "At 30 June 2016, Matrix had no term debt". Which debt are you referring to? trade debt? They have over 3 mln net cash position, so I am not sure how to understand your statement on "reduced debt".
MC is 32% of NTA. Matrix is cash flow positive even in the depressed condition of offshore drilling market. Forager Funds Management is a good fund to have on the register (long term value investors).... The main question is how competitive their NPD for the new industries they are trying to crack. I will keep accumulating in the range of 39-45 cents. Seems like a good spec buy, with limited downside risk.
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Last
31.5¢ |
Change
-0.015(4.55%) |
Mkt cap ! $70.50M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 31.5¢ | $17.34K | 53.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17785 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 10000 | 1 |
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| Last trade - 15.57pm 28/10/2024 (20 minute delay) ? |
| MCE (ASX) Chart |