I reckon there is every chance that Matrix will be taken over by the time the full year results come along.
The falling Aussie dollar leaves them well placed to win business at the expense of larger competitors. Better one of those competitors takes advantage of Aussie dollar weakness to buy Matrix.
The upside if oil does come back is massive, but that's no certainty. And the stock is still illiquid.
So NAV of around 130c plus 3-5c dividends would do me fine.
I reckon there is every chance that Matrix will be taken over by...
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Last
27.5¢ |
Change
0.045(19.6%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 29.0¢ | 26.0¢ | $57.59K | 205.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7703 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 36500 | 1 |
View Market Depth
| Last trade - 15.48pm 25/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
