Find a broker, either online or through other means
Find a broker, either online or through other means
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http://www.asx.com.au/documents/resources/getting_started_in_shares.pdf
Start with the basics. Read the above to get an idea how shares work
im pretty familiar with shareholding, i am a trader in Ireland. I have a broker site i can buy through from here. i was just wondering what the situation was with first time buyers of shares in mce at the moment. what are the options with mce to invest right now or in the coming months?
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Sorry i dont understand.... To invest in mce is the same as any other company on the asx - you either put in an order for a packet of shares at a set price or you buy on the market at whatever price they are being sold for.....?
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hmm, given now that the share price is now trading below the SPP offer of $8.5, there is really no benefit in participating other then to save brokerage right?
I'm keen to top up my holdings, but only if it's at a discount.
I'm keen to top up my holdings, but only if it's at a discount.
I will not be participating in the SPP, I added 10% to my MCE holdings today @ $8.39 (should have been a little more patient)
This will make five times I have bought MCE first @ $3.96, $3.86, $4.73, $4.64 and now $8.39.
Have not found a reason to sell yet
This will make five times I have bought MCE first @ $3.96, $3.86, $4.73, $4.64 and now $8.39.
Have not found a reason to sell yet
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Yes, I am surprised as well - if I didn't already have 20% of my portfolio in MCE, I would be buying more at today's price - what a bargain! You got a good bargain at $8.39 as well so don't feel too bad
I don't think many people will be participating in the SPP now - I certainly wont be.
Yes, I am surprised as well - if I didn't already have 20% of my portfolio in MCE, I would be buying more at today's price - what a bargain! You got a good bargain at $8.39 as well so don't feel too bad
I don't think many people will be participating in the SPP now - I certainly wont be.
I'm just curious why people buy MCE at this price?
their fundamental is weakening a fair bit ..
this business is capital intensive and high fix cost
you buying for perfection from here on....
things can go very wrong very fast for this sort of business
and the capital raising was time to perfection .... market sentimental and market darling status....
Just curious that is all ....
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The new plant is almost complete ROE...so once this is out of the way, perhaps there will not be any major capital requirements for a while.
Production is expected to ramp up, I think brokers forecasts are relatively conservative (in comparison to usually over-optimistic for many companies).
Can't see the oil price dropping below $60 anytime soon (I think it was this level that Matrix said was important to stay above).
Cycle of the industry shows that alot of working rigs need replacing so demand is set to stay strong.
MCE said to have the best quality gear and are working to expand their name and relations by setting up offices in places where the rigs are being built. This has the potential to lift market share which is currently only around 30ish% i believe.
They are also working on new products which is clearly as much of a risk as it is an opportunity.
Anyway, hope that answers your questions ROE.
I dont think MCE is at bargain price...but I do think that the current price offers a slight margin of safety...
Production is expected to ramp up, I think brokers forecasts are relatively conservative (in comparison to usually over-optimistic for many companies).
Can't see the oil price dropping below $60 anytime soon (I think it was this level that Matrix said was important to stay above).
Cycle of the industry shows that alot of working rigs need replacing so demand is set to stay strong.
MCE said to have the best quality gear and are working to expand their name and relations by setting up offices in places where the rigs are being built. This has the potential to lift market share which is currently only around 30ish% i believe.
They are also working on new products which is clearly as much of a risk as it is an opportunity.
Anyway, hope that answers your questions ROE.
I dont think MCE is at bargain price...but I do think that the current price offers a slight margin of safety...
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Yes, I think I was being a bit optimistic there - not a bargain but still cheap!
Clearly, the SPP will be under-subscribed - I wonder if they needed the money for expansion? Clearly, they didnt since they would have put a market price on it if they did.
topped up my holding the other day at $7.66
I topped up also, not quite as low as 7.66 but thats damn good.
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I got in at 7.50 yesterday but considering I bought my first lot at 4.00 and then 5.00 I dont consider it a huge bargain.
I also bought Forge again yesterday at 5.85 which i think is a real good price
I also bought Forge again yesterday at 5.85 which i think is a real good price
I got in at 7.50 yesterday but considering I bought my first lot at 4.00 and then 5.00 I dont consider it a huge bargain.
I also bought Forge again yesterday at 5.85 which i think is a real good price
I topped up on FGE after japan happened and FGE went down in the mid $5, I didn't get it at the bottom but not far off.
skc
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Just spent a good 2 hours reading up on MCE. I am with you on this one ROE.
They are in a pretty niche market where they already have 1/3 of the business and they are 1 of 3 suppliers. It would be difficult for them to wrestle away their competitors market share, and all the growth needs to come from the overall market increasing in size. Looking at the projections I am not sure they have that much more room to grow the top line. Having said that I know little about these heavy engineering production market so I could be quite wrong.
Take Austock's forecast FY13 EPS of 77c (which is high if revenue growth isn't realised), apply a PE 14 and discount it back to today at 15% and today's price is probably slightly cheap but not by much.
Who on earth listed them at a $1 btw...
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Share price at $7.50 following a -3% drop in the last trading day and -8.3% drop in the past week with a slight increase is volume. Are people out there seeing a bargain now that it has been trending down?
As of 11 May $11.13 is the IV that RM has posted on his blog for MCE. That gives the company a MOS of 67%. Surely that's thick enough to cower behind. Its fundamentals haven't changed and is this weekend attending a Tradeshow in Kuala Lumpur.
Anyone seeing an upcoming bargain price? Is it already at one?
As of 11 May $11.13 is the IV that RM has posted on his blog for MCE. That gives the company a MOS of 67%. Surely that's thick enough to cower behind. Its fundamentals haven't changed and is this weekend attending a Tradeshow in Kuala Lumpur.
Anyone seeing an upcoming bargain price? Is it already at one?
