MCE 1.89% 26.0¢ matrix composites & engineering limited

Hmm, let's see....If MCE currently has 40% market share as...

  1. 652 Posts.
    Hmm, let's see....

    If MCE currently has 40% market share as reported then:

    66 rigs x $14 mill = $924 mill x 40% = $370 mill

    Replacement market: $300 mill x 40% = $120 mill

    So that's $490 mill revenue over two years or roughly $245 mill per year

    MCE 2009 revenue approx $100 mill
    MCE 2010 revenue approx $185 mill

    So MCE 2011 revenue could be

    $245 mill + current work + any increase in market share + additional rigs being built that are not yet scheduled

    Holy giant flotation devices Batman!

 
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