MCE 3.64% 26.5¢ matrix composites & engineering limited

this is the point

  1. 107 Posts.
    Even though this has cost me, in not selling out at the premium 9.50 like a lot of individuals, it has also allowed me to lower my buying average, as I hope for all of you out there that are stock holders. Long term I think this is a tough share to beat and this is the reason behind RM support for the stock.

    Problems
    *Construction of Henderson has cost a lot of money and at present has not delivered (like expected)
    *Market baby for a little while and thus the market expected a far better quarterly statement, which in the circumstances is a little unreasonable
    *Terrible market conditions, which are only likely to get worse
    *Potential exposure to future competitors/current
    *How does this fall affect the institutional investors and have any abandoned ship in the last couple months?


    Question?
    * Are the begleys capable of ensuring the continued strength or rise of this company?

    I think having invested a reasonable amount into this stock I think I will use this as a buying opportunity
 
watchlist Created with Sketch. Add MCE (ASX) to my watchlist
(20min delay)
Last
26.5¢
Change
-0.010(3.64%)
Mkt cap ! $72.45M
Open High Low Value Volume
28.0¢ 28.0¢ 26.0¢ $140.0K 528.5K

Buyers (Bids)

No. Vol. Price($)
2 49361 26.0¢
 

Sellers (Offers)

Price($) Vol. No.
28.0¢ 100000 1
View Market Depth
Last trade - 16.10pm 26/11/2024 (20 minute delay) ?
MCE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.