will be interesting to see if there order book grows now that the price of Oil is over a $100.
One would assume that projects that weren't profitable at $50 or $75 a barrell may be profitable at $100....
I guess we will jsut have to wait and see
will be interesting to see if there order book grows now that the price of Oil is over a $100.
One would assume that projects that weren't profitable at $50 or $75 a barrell may be profitable at $100....
I guess we will jsut have to wait and see
It had to happen sooner or later, MCE got some orders.
http://www.asx.com.au/asxpdf/20111117/pdf/422lxmhkx2qzyx.pdf
Still some way to go to meet revenue targets however.
http://www.asx.com.au/asxpdf/20111117/pdf/422lxmhkx2qzyx.pdf
Still some way to go to meet revenue targets however.
tinhat
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$105m of unfulfilled orders to Feb 2013. Revenue for financial year 2011 was $187m so, yes some way to go yet.
skc
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$105m of orders over the next 14 months is ~$7.5m per month, while previous run rate was ~$15-16m per month.
Net profit margin was ~18%... so even with no new orders they can get ~18% x $7.5 x 12 = $16.2m profit (21cps). Although it is doubtful that they can maintain 18% margin running at <50% capacity. These numbers can be refined further if people can breakdown MCE's costs into fixed vs variable. The new plant however makes last year's number not directly comparable.
At current share price of $3.25 against EPS of 21c (conservative if they win more orders, over-estimate if their net margin falls) it feels about right. I guess it will meander around this trading range as it waits for more news.
Contract win for $35-50M per annum over 3 years with potential for 2 more years.
http://equmail.equ.com.au/t/ViewEmail/r/5BE67C7B95EB1BFB/8D9729BBF86A34E262AF25ACF5E3F0AC
http://equmail.equ.com.au/t/ViewEmail/r/5BE67C7B95EB1BFB/8D9729BBF86A34E262AF25ACF5E3F0AC
Pitty that all this work isn't being reflected in the stock price.
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Opportunity or pitty?:dimbulb:
Little baby steps....
http://www.4-traders.com/MATRIX-COM...-order-for-our-new-office-in-Brazil-13968697/
http://www.4-traders.com/MATRIX-COM...-order-for-our-new-office-in-Brazil-13968697/
Hasn't MCE become a boring stock. Its being tracking sideways for the last 4 months and now the its trading the very low volumes.
Booring is not allways bad.
Thanks
It should have been the 16th but its looks like its the 24th now.
Hasn't MCE become a boring stock. Its being tracking sideways for the last 4 months and now the its trading the very low volumes.
Been following MCE on my watch list..
VERY boring indeed lols.
I wonder how the half yearly report will be... might be some action next week leading up to it.
skc
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Earnings are out and not looking good but I'm not sure what the market was expecting.
Revenue down 4.7%, Profit down 113%, div 2.0 cents, loss of 2.4mil. MCE expecting strong growth second half of this year.
The $2.4m loss was helped by +$5m in tax. Operating loss was $7m.
The market is being pretty kind to them imo. IDL got hammered 20% for delivering a flat result.
The $3 support on the chart is broken so watch out below...
