We are "well positioned"..lol
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Pumping out the (price sensitive) announcements faster that Chris Castle and Chatham Rock....... :p
Although todays announcement is more of a recap of recent announcements rather than anything new? Or have I missed something? Regardless the market likes it - trading at $0.48c.....!! :t_up:
Just wishing had bought more at 27c!! :laugh:
Its trading so cheap with P/E of 6-7..
$6.9m cash in the bank, no debt and market cap is $44m.
Good move to remind the market where the company is at and where it is going:
"Based on current sales and business development activity being
progressed around the world, and the continued tailwinds for the sector,
the Group is positive about maintaining continued revenue growth and
profitability in FY24."
ive had so much success with micro caps of late, think i might just stick with them. I enjoy researching and investing in them as well
Another one!
How good!!
Back up over 50c.....:)
Not far off doubling in price in a month.
Agreed. Happy to see a large holding finally bounce back - and plenty of upside and limited risk on 5X fwd PE with $10m cash. Very well- managed by Scott Basham too.
Price has rebounded, presumably as Regal have finished selling - but surprised over recent times how it kept heading south, and to the levels it got to, despite the annual result and the positive developments. I was starting to second guess that there was something didn't know or had missed......
But would be interesting to know Regal's thought process around their holding and selling out. It must have been well signaled that they were selling down, and expect not that easy to sell a decent chunk of a reasonably small/illiquid company on market.
I'd be interested in where they are putting their funds out of XTE, and what is a more compelling investment when they were seemingly driving the price lower to get out.