MCE 19.6% 27.5¢ matrix composites & engineering limited

Hi asf - take a look at note 22 on the full year accounts (page...

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    Hi asf - take a look at note 22 on the full year accounts (page 69). It is the foreign currency sensitivity analysis. Indicates clearly that a lower value of the AU$ will negatively impact profit.

    With respect to the NTA, remember that over 90% of this value is PP&E - essentially Henderson. It is an illiquid asset valued at cost less a couple of years depreciation. There is no way anyone could realise this value in an actual sale of assets.
 
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