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MCE - Matrix Composites & Engineering

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tinhat said:
$105m of unfulfilled orders to Feb 2013. Revenue for financial year 2011 was $187m so, yes some way to go yet.
Click to expand...

$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.
 
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.
 
I am chasing a date for when the Half year results will be released? can anyone help me out?
 
fanger said:
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.
Click to expand...

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.
 
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.
 
fanger said:
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.
Click to expand...

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...
 
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