MCE 0.86% 29.3¢ matrix composites & engineering limited

what is the result reporting date, page-11

  1. 1,118 Posts.
    lightbulb Created with Sketch. 2
    Definitely a solid value play. Intrinsic value at $9 plus - this from a couple of very respected sources.

    Upcoming financials will be keenly anticipated, but a company that expects roughly 80% growth for FY2012 and a more reasonable 8% the following FY, at this discounted price with the demand for their technology as strong as it is and will continue to be - anything under $6 is a steal... Sure it may go lower (at which point I'll buy even more). Sooner or later the market will catch up with the fundamentals.

    In short - don't stress it but keep more funds to take advantage of any future bear market volatility!

    Remember, CR was done at $8.50 a share and back then it was seen as good value. Nothing has changed fundamentally except the lucky people who are loading up now get a severely discounted bargain with $30M in the bank outside of earnings. I wouldn't be feeling fear right now (depending on your timeframe for holding the stock), I'd be thanking my lucky stars to be able to buy in at these prices...

    Anyhow, my 2 cents worth. Good luck all!
 
watchlist Created with Sketch. Add MCE (ASX) to my watchlist
(20min delay)
Last
29.3¢
Change
0.003(0.86%)
Mkt cap ! $65.46M
Open High Low Value Volume
29.0¢ 30.0¢ 29.0¢ $62.28K 214.5K

Buyers (Bids)

No. Vol. Price($)
2 1027 29.0¢
 

Sellers (Offers)

Price($) Vol. No.
30.0¢ 7215 1
View Market Depth
Last trade - 13.30pm 11/11/2024 (20 minute delay) ?
MCE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.