Australian (ASX) Stock Market Forum

MCE - Matrix Composites & Engineering

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Magic Man said:
Can i ask a question. Obviously a great stock but would it have run as hard if Roger Montgomery wasnt going on about it on television 24/7?
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I think you overestimate RMs influence.

The vast majority of people with investments would never have heard of RM.
 
Intrinsic Value said:
I think you overestimate RMs influence.

The vast majority of people with investments would never have heard of RM.
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I beg to differ. RM = self-fulfilling prophecies...

If I went on about my stocks on national tv and was popular enough I bet a decent percentage of the stock SP would be relevant to the TV appearances at least in the short term.

Kinda reminds me of a version Mr Rivkin....
 
BrightGreenGlow said:
I beg to differ. RM = self-fulfilling prophecies...

If I went on about my stocks on national tv and was popular enough I bet a decent percentage of the stock SP would be relevant to the TV appearances at least in the short term.

Kinda reminds me of a version Mr Rivkin....
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I have only ever seen him on the business channel which most people don't have.

Additionally there are plenty of other commentators spruiking lots of other shares, financial services etc

I suppose judging by your logic then all the companies that RM tells people to avoid then those share prices should be dropping sharply. Sorry I don't see that happening.

Results in the long term are what counts and I have to say hats off to RM because the three companies that he recommended the most over the last year have rocketed in value eg Forge, Matrix and Macca. If you had invested in these companies when he recommended them you would have almost tripled your investment.:)

Show me another commentator with the same track record.

It seems to me that there is a bit of sour grapes by certain posters on this forum about someone who has given very good investment advice to the general population.

Finally comparing RM to Rivkin is extremely insulting and really shows you know little about his investment philosophy.
 
Intrinsic Value said:
I have only ever seen him on the business channel which most people don't have.

Additionally there are plenty of other commentators spruiking lots of other shares, financial services etc

I suppose judging by your logic then all the companies that RM tells people to avoid then those share prices should be dropping sharply. Sorry I don't see that happening.

Results in the long term are what counts and I have to say hats off to RM because the three companies that he recommended the most over the last year have rocketed in value eg Forge, Matrix and Macca. If you had invested in these companies when he recommended them you would have almost tripled your investment.:)

Show me another commentator with the same track record.

It seems to me that there is a bit of sour grapes by certain posters on this forum about someone who has given very good investment advice to the general population.

Finally comparing RM to Rivkin is extremely insulting and really shows you know little about his investment philosophy.
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Why would I want to know.. I don't know where you start and he finishes... does he make money off his books? Stocks are about results and popularity.. im sure all the people who follow RM will do what he says down to a tee thus influencing the market of his small caps. Im not saying he is wrong but his popularity influences these small stocks. PS: Loving your name Intrinsic Value!
 
BrightGreenGlow said:
Why would I want to know.. I don't know where you start and he finishes... does he make money off his books? Stocks are about results and popularity.. im sure all the people who follow RM will do what he says down to a tee thus influencing the market of his small caps. Im not saying he is wrong but his popularity influences these small stocks. PS: Loving your name Intrinsic Value!
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If you knew what he was on about you wouldn't make the comments that you are making now, simple as that.
 
BrightGreenGlow said:
Why would I want to know.. I don't know where you start and he finishes... does he make money off his books? Stocks are about results and popularity.. im sure all the people who follow RM will do what he says down to a tee thus influencing the market of his small caps. Im not saying he is wrong but his popularity influences these small stocks. PS: Loving your name Intrinsic Value!
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If you lookup Roger Montgomery on youtube, the hit rates for videos involving him are very low. Maybe he had some effect on MCEs price action, we can't be sure, but it is doubtful substantial. After all, this is a successful up-and-coming company, which is also a manufacture of oil drilling floats, post-peak-oil, which is getting so much demand for their products they are having to expand into a whole new factory. MCE doesn't need Rogers mutterings for its stock price to head upwards.
 
Im new to investing as such and have no real experience in it. Having said that ive been reading alot and like the looks of this company as well as FGE.
However I do have a concern also.
The Intrinsic Value ive worked out for MCE is as follows (W/10% RR):-
2010 $5.86
2011 $19.22
2012 $13.06

Im guessing its to do with calculating a huge increase in equity yet profits arent raising in proportion.
So wondering if its a concern at all or im overlooking something.
 
zac said:
Im new to investing as such and have no real experience in it. Having said that ive been reading alot and like the looks of this company as well as FGE.
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Yes Roger Mont. also mentioned along with Forge Group & Matrix Comp., Codan and Think Smart on Switzer the other night.
 
zac said:
Im new to investing as such and have no real experience in it. Having said that ive been reading alot and like the looks of this company as well as FGE.
However I do have a concern also.
The Intrinsic Value ive worked out for MCE is as follows (W/10% RR):-
2010 $5.86
2011 $19.22
2012 $13.06

Im guessing its to do with calculating a huge increase in equity yet profits arent raising in proportion.
So wondering if its a concern at all or im overlooking something.
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Hi zac it may also pay to look at the payout ratios. They can not continue to retain profits and earn such high returns on them forever.
 
robusta said:
Wow this one came out of left field for me.

Trading halt due to share placement.
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Wow, I broke my stockmarket virginity yesterday by purchasing shares in MCE.
What does this mean?
Now it has me worried, I did research on the company and saw it as real promising.
 
zac said:
Wow, I broke my stockmarket virginity yesterday by purchasing shares in MCE.
What does this mean?
Now it has me worried, I did research on the company and saw it as real promising.
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I still think they are good zac. It just means MCE are going to issue more shares to raise capital. We will have to wait to see the reason for this. Who knows you may get to buy more at a discount to the current share price.
 
Hi Zac,

Don't worry about the capital raising in regards to MCE. They are growing quickly and need extra cash. This stock needs to be viewed long term. Henderson will double (even more) their output over the next few years. I have a value of $12.23 (after half yearly report) so it is still under valued.
 
Hey guys,
Cheers for the response. I spoke with someone at work and they mentioned that trading halts arent that uncommon and arent necessarily a bad sign.
I was just concerned.
My calculations have the intrinsic value of MCE for 2011 at just above $19 and for next year around $13 (RR of 10%).
So im expecting good things from the company.
I saw an interview with the CEO of MCE and their future looked promising.
Its good for MCE also they are only 1 of 3 companies in the world that do what they do.
 
SPP offered at $8.50. Will be over subsribed no doubt as they are only raising $6m thru the SPP.
Will be interesting to see how it pans out. No clear indication of what the money is exactly going to be used for although they did mention Henderson stage 2 among other things..
 
Just of interest to those stockjolders out there - many of you plan on buying more shares at this price? If not why?
 
zac said:
How does it work, we get a letter sent to us?
I only bought into them a a couple days before the trading halt.
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dont know if they are all similar, but ive done it before with TAH, and the choice was check, bank transfer or bpay. Basically you just put in whatever reference number is sent to you and transfer the dollars and a week or so later they appear in your holdings
 
zac, details of the SPP will be contained in documentation which will be mailed to eligible Shareholders shortly.

The timetable for the SPP is:
SPP Record Date Friday, 1 April 2011
Settlement for Institutional Placement Thursday, 7 April 2011
Allotment and ASX quotation of shares issued under Institutional Placement Friday, 8 April 2011
SPP offer opens Monday, 11 April 2011
SPP offer closes Thursday, 5 May 2011
Allotment of shares issued under SPP Tuesday, 10 May 2011
ASX quotation of shares issued under SPP Friday, 13 May 2011

Cheers
 

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