MCE 2.13% 23.0¢ matrix composites & engineering limited

Daily Share buy back has been the only movement in this stock...

  1. 6,054 Posts.
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    Daily Share buy back has been the only movement in this stock for sometime...at 48cents today IMO it has much further to drop yet before you see a break in the long term downward spiral which has been occurring quite dramatically since July 2014...it has been a slow but consistent spiral to the bottom...helped along by the buy back IMO....demand for MCE services like the price of commodities has dropped and continue to drop...

    Didn't one poster say they were happy to hold and promote this stock and be bored at the yield of 9% at a SP of 65cents on a 2cent dividend...now that it is 48cents...That is they were happy to be bored at the yield and watch the SP go from 65cents to 48cents, a drop of 17cents or 26% in order to possibly pick up a 2cent dividend...hmmmm...was it a missed opportunity to sell at 65cents...furthermore it is not that long ago that the SP was up over $9.00...what is the breakeven SP point for this company that still makes is a viable business....I suspect that MCE is now at a SP which is below a price to which a dividend would be paid...instead of asking whether this company is going to pay a dividend I would think there are more pressing issues with the Market Conditions and the Business model going forward...
 
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Last
23.0¢
Change
-0.005(2.13%)
Mkt cap ! $72.45M
Open High Low Value Volume
23.5¢ 23.5¢ 22.0¢ $55.45K 242.7K

Buyers (Bids)

No. Vol. Price($)
3 113179 22.0¢
 

Sellers (Offers)

Price($) Vol. No.
25.0¢ 28075 2
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Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
MCE (ASX) Chart
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