MCE 0.00% 26.5¢ matrix composites & engineering limited

My thoughts on Matrix have remained the same throughout the SP...

  1. 3,092 Posts.
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    My thoughts on Matrix have remained the same throughout the SP rise and fall, that this is an excellent company with wonderful prospects. If I had the spare cash I'd be buying now.

    The report released yesterday by the company explained adequately why cash flow and the order book had decreased and although it is not ideal it is reality. The lumpy nature of orders and payments is simply how this industry operates.

    The report also had interesting information on the new product lines, prospects and geographical expansion plans the company is currently undertaking and considering which you can read for yourselves.

    The most interesting sentence that I picked up though was this,

    "The year has also seen a significant increase in our shareholder numbers from 784 to over 6,000 shareholders."

    A near 8 fold increase.

    How many of these people have made informed rational emotionless decisions either to buy or sell considering the astronomic SP increase and subsequent decrease? From my limited knowledge of human behavior with relation to investments and money my guess would be not many and how has that impacted on where the SP is today?

    Best Wishes.
 
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1 7000 26.5¢
 

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Last trade - 07.00am 27/11/2024 (20 minute delay) ?
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