MCE 3.64% 26.5¢ matrix composites & engineering limited

Even though this has cost me, in not selling out at the premium...

  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
 
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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
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Last trade - 16.10pm 26/11/2024 (20 minute delay) ?
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