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MCE - Matrix Composites & Engineering

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MOS is not 67%.
(IV - SP)/IV
= (11 - 7.50) / 11
= 32%

I however do not agree with an IV of $11. I think it is worth around $9. But hey, what do I kno!
 
Whats changed in the last few months to lower IV?
Ive just gone through some forecast results for 2011-2013 and nothing has changed since I last worked out the IV of MCE,
I have it a fair bit above $10.
 
If you are using the value.able method, are you making sure to average the return on equity over the past two years before putting it into the formula? It's possible you are using a ROE that is too high leading you to use a multiplier that is too high. Also what IRR are you using?
 
What is the competitive advantage if MCE?
Is it sustainable?
Why cant competitors copy them?

Quantitatively the ROE is very good
Valuation is around $8.50 to $11 for me
 
Tyler said:
What is the competitive advantage if MCE?
Is it sustainable?
Why cant competitors copy them?

Quantitatively the ROE is very good
Valuation is around $8.50 to $11 for me
Click to expand...

I suggest you go and read RMs blog if you want the details on MCE. It is well covered on his blog.

He also has his valutations for a lot of his A1s posted the other day.
 
Wow hasn't matix been smashed of late, I guess so has everything else
Its starting to get nasty now with no end in sight, if i had some spare cash I'd buy some more.
 
Tyler said:
He doesnt really cover the competitive advantage
Click to expand...

Try to find some of Roger's commentary before MCE floated. I'm almost sure that he did write about MCE's competitive advantage around that time.

MCE's share price is being smashed primarily due to the falling oil price, given that its main customers are in the oil and gas industry. Starting to look very tasty to me.
 
I grabbed some yesterday for $5.75, have a valuation in the $8-9 range and if this mark turns around or uncle Ben turns on the QE3 tap and markets go higher, i'll probably look to get out at $8-9 if it makes it back to that stage.
 
MCE has to be a good long term play.

The price of oil is going up in the medium to long term.

Anywhere under 6 dollars is a bargain.

MCE must be due to report very soon as well.

Additionally I think a lower Aussie dollar should help MCE with contracts in US dollars mainly.
 

Bought some at $6.95 late July and I still think that was a bargain, picked up some more on Monday at $5.17, average price paid $6.22 + brokerage.

At this price unless things change drastically I am happy to hold well into the future for a expected great dividend yield, strange as that may sound to some.
 
Is there main competitor Trelleborg?

Trelleborg only has 27bil SEK of earnings = 4bil AUD

& there margins Are way lower than MCE
 
Anyone care to guesstimate when MCE might release its financial report? I'm hoping it's sooner rather than later.
 
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