ASX Announcements
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.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
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.
- Updated
- Trevor Hoey
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.
- Updated
- Tony Featherstone
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.
- Updated
- Tim Binsted
May 2012
- Opinion
Matrix launches $37m raising
Matrix Composites & Engineering is braving tough equity market conditions to launch a $36.7 million capital raising through Argonaut Capital.
- Sarah Thompson and Anthony Macdonald
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.
- Updated
- Brendon Lau
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.
- Updated
- Trevor Hoey
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.
- Updated
- Trevor Hoey
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.
- Updated
- Gillian Tan
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.
- Trevor Hoey
August 2010
Matrix beats expectations
The share price of Matrix Composites & Engineering responded strongly following the release of its 2009-10 result.
- Updated
- Trevor Hoey
June 2010
Coal and cars lift IPO results
The IPO market has been disappointing this year, although there have been notable exceptions.
- Updated
April 2010
Choosing the time and place to invest
Experts give the lowdown on equities picking stocks in a neutral economy.
- Updated
- Tony Featherstone