With HZR, SMN & EMC all running hard over the last few months ive gone looking for other tech/industrial stocks that have yet to run...
Heres another interesting one - would love to hear your thoughts:
XTE
Inventor of military equipment for sale to defence forces around the world. Main products are a lightweight body armour (XTclave), unamanned aircraft (both drones and airplanes) with an innovative mapping system (XTatlas) with 85% of the Pentagons UAVs sourced from XTE.
- Near term catalysts are winning big contracts with the Aus Def Force with one tender result for 78 un-mannned aircraft due soon (
http://www.asx.com.au/asxpdf/2016021...nhnptcq8cg.pdf)
- Other catalysts are that the US Department of Defences assessment of their body armour technology (
http://www.afr.com/it-pro/tiny-defen...20131120-iytkf) through its Foreign Comparative Testing (FCT) Program (which they paid XTE $1.5m for) - this is due to be completed in April 2016 and if successful could mean they become the key player in this niche with licensing and royalty opportunities throughout the US.
- In 2015 FY they made their first net profit in six years - a turning point for the company perhaps. Expecting a small loss in FY16 then profits from FY17 onwards.
-
Ivan Slavich & another director were topping up their own holdings on market at 34-36c last July.
- They have secured a $10m equity placement facility for the next 3 years which essentially means whenever they want/need to raise capital they can draw down on the facility at a 5% discount to share price. They have drawn down $500k with half of that when the share price spiked so shares isued at 44.5c
- Only 22,618,257 shares on issue with a market cap just over $8m.
- Latest Investor Presentation:
http://www.asx.com.au/asxpdf/2015111...tpdvrxyv2d.pdf
- Chairmans Latest Address:
http://www.asx.com.au/asxpdf/2015112...c3jq3p21t0.pdf