MCE 2.13% 23.0¢ matrix composites & engineering limited

I think the bottom is finally in, in terms of business...

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  1. 938 Posts.
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    I think the bottom is finally in, in terms of business performance - they've finally got through all the redundancies/restructure costs, and revenue was up half-on-half. They've also got US$19m orders to support the business for FY19/20 - assuming they split that work 50/50, that's ~A$12m p.a. revenue in each of those two years, which is material when you consider the business is only doing ~$24m revenue p.a. run rate at the moment (based on 1H18's revenue of $11.9m) - so i'd expect them to deliver a small profit in FY19 at this stage, even without winning any new significant orders.

    As to where the share price goes from here, who knows.
 
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