MCE 2.13% 23.0¢ matrix composites & engineering limited

Ann: Trading Update , page-5

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  1. 954 Posts.
    Yes when management is hammer and tongue type that can be copied by brighter people always a worry.
    Methinks I have made a mistake on this one catching a falling knife.
    Not sure they understand the word "thrift" i regularly drive by their yard in Henderson and at night the lights light up the surrounding I understand security but they have certainly spent big on an impressive yard.
    New bean counters are needed getting rid of the last CFO was a serious mistake at least he told it like it is.
    The yard has soo .... much stock +++ I suppose the good thing there is it has been made while dollar strong and can be sold for more profit now.
    The BIGGEST worry for me is its cashflow and I agree writedowns.
 
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23.5¢ 23.5¢ 22.0¢ $55.45K 242.7K

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3 113179 22.0¢
 

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25.0¢ 28075 2
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