This is very strange and I can't pick it.On the one hand MCE is...

This is very strange and I can't pick it.

On the one hand MCE is in a growth industry with a main product that is or will be in high demand, especially due to Brasilia sub salt and Obama's initiatives in the U.S. Their key salesman in Brasil is ex Trelleborg . If you look on LinkedIn you will see that their key executives are good calibre. They are diversifying their product base. They had less than 7% gearing at H1 FY 12. They are likely contenders to win contracts from Gorgon and other Australian gas fields on the west coast for their SURF products. They have a new plant and are at end of capital cost outflows. There are so many things about this business that are good.

On the other hand the rapid slump in share price before halt is a concern , but was this just because the whole market was going down and MCE is seen as risky? If the news is bad it is my guess that it is something out of left field- customer not happy, recall , fraud incident .