MCE 2.13% 23.0¢ matrix composites & engineering limited

The revenue is definitely lumpy in this business however I think...

  1. 1,029 Posts.
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    The revenue is definitely lumpy in this business however I think the real issue for Matrix over the last couple of years has been the strength of the Australian dollar.

    The dollar strength has made our products less competitive on price, and although quality counts I suspect it is hard for large companies to justify any price premium on these sorts of products.

    If you were considering an investment in this company it would be hard to find a better entry point than this. Sentiment is pretty ordinary, however you would have to purchase with eyes open - this is not a low risk investment and if orders are not forthcoming soon than the returns are going to be very poor. On the other hand, with a few hundred million dollars worth of orders, the upside for Matrix would be huge from this level.
 
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