MCE 3.85% 25.0¢ matrix composites & engineering limited

The fact that they received $25 million in new product orders in...

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  1. 947 Posts.
    lightbulb Created with Sketch. 17
    The fact that they received $25 million in new product orders in March alone means business is good. They had an order book of $250 when they listed.

    They could easily increase their order book by $200 mill by say this time next year. I think that business is very good.

    So in the big scheme of things, a $13.5 capital raising is peanuts. Probably instos wanting to get on board and get a piece of the action. And $2.25 isn't a great discount to the last closing price (9%) - therefore I'm quietly confident the share price will stay above that level tomorrow and after that.

    Happy days.

 
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