17-Mar-2019:  Matrix Composites and Engineering's 1HFY19 Results Presentation, released on 22-Feb-2019, can be viewed here.

There are 6 slides (on pages 10 through to 15 inclusive) dedicated to their growth strategy and outlook.

Turnaround Story.  On Track.  Steve Johnson owns them in his Forager Australian Shares Fund (ASX: FOR).  Leveraged to rebound in activity in offshore oil and gas exploration and production.  Another one to look at in the same space is MMA Offshore (ASX: MRM) which FOR also hold. MRM's HYFY19 Results Presentation can be viewed here.  There is a bit of data there about the industry dynamics and the point in the cycle that they are in, which also applies to MCE.  I prefer MCE mostly due to their net cash position (no net debt) whereas MRM have a gearing ratio of 65.8% (as at Dec 31st) and interest bearing liabilities of $270 million - and their market cap is only $137m (at 16c/share where they closed on Friday - 15-Mar-19).  Also, apart from the debt issue (which is a BIG one in my view), MRM is a pure-play position on that theme really, whereas MCE are trying to diversify their revenue now, targeting industries that are outside of their traditional sources of revenue, which, if succesful, will give them multiple avenues of growth in the future. The presentation has further details.