I have a medium term value well in excess of $9. This is assuming that NPBT for H2 continues in a similar fashion to H1 ($27.4million). Given that Matrix has an order book of $180million at the end of January 2011 and H1 NPBT was generated from $92.4million sales, I think this is very realistic.
I bought first at $4 and then had a second bite later on so my avergae purchase price is $4.92. If it reaches or exceeds my valuation I will be very happy!
MCE Price at posting:
$7.80 Sentiment: Buy Disclosure: Held