MCE - Matrix Composites & Engineering

[tinhat]

They only just had a shareholder general meeting to appoint the new auditors. I don't know if this will delay their reporting?

[drlog]

They only just had a shareholder general meeting to appoint the new auditors. I don't know if this will delay their reporting?

It's out now...Profit up 159%! NTA of $1.05! Dividend of 3c fully franked (I like that they are keeping it low).

An example of an excellent company - let's see where the share price goes today...

[ValueSnatcher]

Whats up with the cash flow though...revenue is stated at 90mil yet receipts from customers 70 mil...

Good profit result but unless im missing something obvious this is a little concerning to me.

They have also increased debt levels quite substantially too..Henderson facility almost ready to start operating though so hopefully they will reduce debt quickly...

[robusta]

It's out now...Profit up 159%! NTA of $1.05! Dividend of 3c fully franked (I like that they are keeping it low).

An example of an excellent company - let's see where the share price goes today...

Sp went the wrong way after results released (-4.28%). Looks like the market wanted incredible and was disappointed with bloody amazing results.

I am confident the sp will go up in the medium to long term.

[Intrinsic Value]

Sp went the wrong way after results released (-4.28%). Looks like the market wanted incredible and was disappointed with bloody amazing results.

I am confident the sp will go up in the medium to long term.

Share price nose dived today which is good for value investors.

Long term prospects very good for this company so a drop now is an opportunity to buy more.

[ROE]

Bring on these kick ass smaller brother, shame BHP delivered record profit yet their stock gone no where in a year

Kick ass strong fundamental small cap are the way to go...

Learn to love small cap volatility, the bigger they fall the harder they rally hahaha once Mr market see the earnings.

Look at CCV recently all the sudden in one day it fall from 76c to like 70c :-) then Kaboom off it goes
again to 85c

[fanger]

I'm hoping MCE pulls back below $8 so I can get back in!

[Ajax]

Valuesnatcher in an earlier post hit the nail on the head.

31 December
2010
Continuing operations
Revenue 92,369,848 Cost of Sales (61,822,853)
Gross Profit 30,546,995 and net profit after tax of $19,251,095

yet cashflow statement shows Net cash (used in)/from operating activities (6,200,932)

CASH FLOWS FROM
OPERATING ACTIVITIES
Receipts from customers 70,577,134 Payments to suppliers and employees (74,689,018) Interest received 65,176 Interest and other costs of finance (424,320) Payment of income tax (1,729,904) Net cash (used in)/from operating activities (6,200,932)

[ValueSnatcher]

After further analysis I beleive the discrepancy in the cashflow statement is due to cash being received in advance for a service/product. The cash was recognized in the previous period, while the revenue was only earnt, and as such, recognized in this period.
Im only basic in my accounting knowledge - but this was the best reason I could come up with..

If this is the case, which im pretty sure it is, it is not really an issue for MCE as selling large expensive products will sometimes cause the cashflow to be lumpy in comparison to revenue....the problem in my eyes...is why management can't be a little more straightforward and just tell us these things in the report commentary. Maybe they are planning to in the upcoming conference call...

[drlog]

I cant find information about this conference. Where and when is it?

[tinhat]

I cant find information about this conference. Where and when is it?

Generally conference calls are with broker analysts to provide an update.

I got stopped out at 8.00 the other day and bought back in at 50% of my previous holding straight away. Now I got to decide when to put the rest of the $$$ back in. Share price been going up up up since I got shaken out - typical.

[drlog]

Generally conference calls are with broker analysts to provide an update.

I got stopped out at 8.00 the other day and bought back in at 50% of my previous holding straight away. Now I got to decide when to put the rest of the $$$ back in. Share price been going up up up since I got shaken out - typical.

Yeah, seems like it's not available to normal holders but they did release the slides I see (no new info).

MCE is a company that is worth holding for a long time. I bought at $5 and plan on holding for years to come. Once Henderson is up and running, this should be a cash cow!

[Intrinsic Value]

Yeah, seems like it's not available to normal holders but they did release the slides I see (no new info).

MCE is a company that is worth holding for a long time. I bought at $5 and plan on holding for years to come. Once Henderson is up and running, this should be a cash cow!

With the price of oil going up its prospects can only get better.

I am long term holding as well bought in at 4 dollars and 5 dollars.

[robusta]

I got stopped out at 8.00 the other day and bought back in at 50% of my previous holding straight away. Now I got to decide when to put the rest of the $$$ back in. Share price been going up up up since I got shaken out - typical.

Not for everyone but this is exactly the reason I do not use stop losses.

With a long term view in mind if a company passes as investment grade for me, a reduction in sp often leads me to consider buying more instead of selling.

[drlog]

Not for everyone but this is exactly the reason I do not use stop losses.

With a long term view in mind if a company passes as investment grade for me, a reduction in sp often leads me to consider buying more instead of selling.

Very true - with a company like, say, CSS, a stop loss makes sense but MCE is high quality.

They are currently trading around their intrinsic value now but I expect the IV to increase in the next few years as Henderson comes online. So no matter what the SP does, it is worth holding!

[Intrinsic Value]

This company just keeps going up.

Hit 9.70 today.

This one could go anywhere in the next few years especially when the new facility is operational.

[robusta]

This company just keeps going up.

Hit 9.70 today.

This one could go anywhere in the next few years especially when the new facility is operational.

Heve to agree with you there, MCE has overtaken FGE as my largest holding in the last month all by itself. I have not bought or sold either.

[Magic Man]

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?

[robusta]

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?

Yes, sooner or later - probably later

[Magic Man]

LOL just curious, maybe i can get him to talk about some stocks i like more hehe.

Matrix has been trending nicely for a while now but has had only 3 market sensitive announcements in the last 6 months. Hopefully he keeps talking about it lol.