outlook for growth is incredible

I've just finished reading the most recent Austock research on MCE and it contains some very interesting information.

Especially interesting was their outlook for growth for new floating rigs for deep-sea oil & gas exploration.

There are now known 66 rigs on order between now and 2013 and Austock claims that each rig will require (on average) around 1000 riser buoyancy modules at $14000 (US) each making each rig approximately worth $14 million in revenue to whoever secures the order.

Austock also goes onto say that the replacement market of riser buoyancy is ~$300m pa on top of this. (This figure is likely to grow as more deep sea rigs begin to operate and more modules need to be replaced.)

These figures are mind boggling. If Matrix can secure and even grow (as it has been doing) its position within this market the medium term future is looking very bright.

Of concern though is that Malaga is now operating at capacity although their new Henderson complex will be able to almost double their current rate of production. How long this transition will take to implement fully I don't know although I think that anyone who is predicting that Matrix has run its race based simply on how rapidly the share price has appreciated is going to be proved wrong.

The potential for growth going by current statistics is incredible and given the quality of Matrix management and its products Matrix has every opportunity to fulfill this potential.