Matrix has a unique service that allows oil&gas explorers to drill well offshore one of only 4 companies in the world that can do this. oil has peaked in 2006 price will gradually rise making offshore exploration much more viable and matrix will make plenty of money long term.
And an example in regards to your question and negative position about a company not being able to have a large return on equity over time...
Coca Cola (KO:NYQ) the US Company has done a pretty good job if you brought 1 share a $40.00 in 1930 and re invested dividends you would have $5million plus today. it has grown from a 40 million dollar company to a 150billion dollar company.
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Last
26.0¢ |
Change
-0.005(1.89%) |
Mkt cap ! $72.45M |
Open | High | Low | Value | Volume |
26.5¢ | 26.5¢ | 26.0¢ | $78.45K | 298.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13797 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 9150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 14995 | 0.290 |
1 | 8500 | 0.285 |
1 | 6500 | 0.280 |
1 | 15000 | 0.270 |
1 | 10000 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 3031 | 1 |
0.340 | 3649 | 1 |
0.345 | 12762 | 1 |
0.350 | 98847 | 3 |
0.360 | 30000 | 1 |
Last trade - 15.52pm 27/11/2024 (20 minute delay) ? |
MCE (ASX) Chart |