MCE 1.89% 26.0¢ matrix composites & engineering limited

Before the recent CR by Matrix I was aware of the great growth...

  1. 3,092 Posts.
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    Before the recent CR by Matrix I was aware of the great growth potential of the company although not as aware as I am now after reading the excellent report by Austock securities.

    The growth avenues from new sales from existing products and new sales from new products, in new industries across new geographics is simply incredible. And the company (from setting up new centres around the world with additional sales staff) are giving themselves the best chance of capitalising on these growth prospects.

    As an example, the company is now branching of to manufacture an insulation type product for the LNG industry and Woodside and Chevron have already paid a visit to the company. Petrobras has recently raised an additional $80 billion dollars to escalate their already major off sea drilling campaigns... I was not aware of these and many other facts before.

    RQL is a great business with excellent management and wonderful prospects and my top holding although given the new information I learned from the recent Austock report I have changed my top selection to Matrix. I believe the next 3-5 years are going to produce incredible growth for the company and incredible returns for shareholders.

    I recommend to everyone to have a read of the recent Austock report.
 
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