Its probably the classic forgotten stock that was once a darling. I noticed the property comment in the deck, its about $25-$30m from what I could work out (most of the market cap). Not sure I want them to sell the asset if it can keep going on a cash basis.
Also, I like the leverage in the business, any new contracts will make EPS explode - new contracts being very likely. Management have been very disciplined over the downturn (property sale thinking being the exception to the thinking - maybe).
Do like it at this price, probability high it wins new work...
Its probably the classic forgotten stock that was once a...
Add MCE (ASX) to my watchlist
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Last
23.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 23.5¢ | $3.614K | 15.37K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18812 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 4296 | 3 |
View Market Depth
| Last trade - 10.56am 22/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
