Latest Research

Matrix Composites & Engineering (MCE) - Pause for Results

Matrixs Composites & Engineering Logo

MCE’s share price has climbed nearly 50% since late December. The gain reflects a balance sheet which should see the Company through a very tough period, while providing management the breathing space to diversify into new products and markets. However, this takes time and we believe evidence of strategy execution is needed to drive further share price gains from here. We recommend pausing for release of the financials and an operational update with the interims later this month. We make no changes to our forecasts or valuation, but downgrade our recommendation from Spec Buy to Hold.

To access our review of Matrix Composites & Engineering please log in under the Client Area Log In at the bottom of this page.

Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.

If you would like to access our research please contact us to create an account.

Perth:
This email address is being protected from spambots. You need JavaScript enabled to view it.
+61 8 9224 6888

Hong Kong:
This email address is being protected from spambots. You need JavaScript enabled to view it.
+852 3557 4888

 



Google+