ASX Announcements
Becoming a substantial holder
Market Sensitive
Indicative Non-Binding Proposal, Response to Media/Press Report/Speculation
May
Samuel Terry-backed WA manufacturer Matrix snares offshore suitor
The world’s biggest manufacturer of syntactic foam, owned by Samuel Terry and Perpetual, is weighing a merger proposal from British competitor AIS.
November 2021
Bell Potter, Argonaut raising $6m for Matrix
Material solutions business Matrix Composites and Engineering is raising $6 million to fund subsea buoyancy project opportunities.
August 2014
Matrix’s offshore move proves a winner
With decline in some key markets, Matrix Composites & Engineering’s decision to focus on the offshore services market appears well founded. And it’s already resulting in earnings well ahead of expectations.
January 2013
Oilfield Workforce to join energised sector
Energy-related floats have been a rare bright spot in a flat market in the past few years. The latest, Oilfield Workforce Group, expects to list next week.
December 2012
Matrix Composites & Engineering (MCE)
Contractors are acutely aware that the mining investment boom has peaked and new projects are few and far between.
May 2012
Matrix launches $37m raising
Matrix Composites & Engineering is braving tough equity market conditions to launch a $36.7 million capital raising through Argonaut Capital.
April 2011
Equity raisings likely to fund expansion
The strong improvement in equity raisings at the small end of the market is generally believed to be a positive as most of the extra capital will be used to fund business expansion.
March 2011
Mining equipment providers do well
While the manufacturing industry in Australia has faced many challenges in the last decade, some companies involved in the development, manufacturing and distribution of mining equipment have been very successful.
November 2010
Matrix puts the numbers in place
Shares in Matrix Composites & Engineering have risen fourfold since floating just over 12 months ago, yet expected earnings growth of 60 per cent in 2010-11 has kept the shares on a modest forward multiple of 11.5.
October 2010
Matrix Composites & Engineering (MCE)
JPMorgan has downgraded the stock to “underweight” from “overweight” following a significant of share price outperformance, and a reassessment of risks facing the company’s medium term outlook.
September 2010
Energy services in the limelight
Neptune Marine, Mermaid Marine, Matrix Composites & Engineering and Fleetwood Corporation are among those sharing the limelight in the oil and gas services sector at the moment.
August 2010
Matrix beats expectations
The share price of Matrix Composites & Engineering responded strongly following the release of its 2009-10 result.
June 2010
Coal and cars lift IPO results
The IPO market has been disappointing this year, although there have been notable exceptions.
April 2010
Choosing the time and place to invest
Experts give the lowdown on equities picking stocks in a neutral economy.