MCE 2.13% 23.0¢ matrix composites & engineering limited

unbelieveable

  1. 1,490 Posts.
    lightbulb Created with Sketch. 5
    Well, never thought I'd see these prices again!

    Looks like the capital raising at 8.50 wasn't such a bargain, but was clever management to lessen dilution at a lower price!

    To me, the chart suggests oversold in the short term, 3 months,
    and incredibly cheap for such a quality stock. Same with FGE.

    I think tax selling, and tree shaking to buy some back cheaper. Certainly plenty of buying going on, albeit at lower 7s.

    Anyone else has news or ideas why this is getting smashed.

    I have opened a margin loan to buy some more at these levels, too cheap.



 
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23.0¢
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23.5¢ 23.5¢ 22.0¢ $55.45K 242.7K

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No. Vol. Price($)
3 113179 22.0¢
 

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Price($) Vol. No.
25.0¢ 28075 2
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Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
MCE (ASX) Chart
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