MCE 3.64% 26.5¢ matrix composites & engineering limited

Here's a couple of facts.1. The company hasn't made any...

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  1. 2 Posts.
    Here's a couple of facts.

    1. The company hasn't made any announcements about winning new contracts since December 2011 - that's almost six months with no positive news.
    2. They probably shouldn't have paid a dividend, its cash they could use. Shareholders weren't expecting a dividend, given the company had just reported a loss.

    My guess is that:-
    90% chance that the news is bad, and company needs to undertake a capital raising, once its worked out how bad it is. If that happens, share price could halve or more. It also could be worse and company goes into voluntary administration.

    10% chance that the news is good, shares would rocket up.

    Just my opinion.
 
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Last
26.5¢
Change
-0.010(3.64%)
Mkt cap ! $72.45M
Open High Low Value Volume
28.0¢ 28.0¢ 26.0¢ $140.0K 528.5K

Buyers (Bids)

No. Vol. Price($)
2 49361 26.0¢
 

Sellers (Offers)

Price($) Vol. No.
28.0¢ 100000 1
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Last trade - 16.10pm 26/11/2024 (20 minute delay) ?
MCE (ASX) Chart
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