Nice!!
Just now need the NZ Defense Force to spend their $3.50 budget with XTEK.......:mellow:
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Closed at a 12-month high yesterday.
12 month chart is a beautiful thing.....
XTEK will exceed earlier advice of A$47m for H1 FY23 when accounts are released in February 2023 and it continues
to expect to deliver revenues of more than $82m, with five months still to run, for the full year.
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
missed this when it started getting traction, dithered and delayed, got to anxious to buy in, and continue to be disappointed with my lack of action.
a very good performer well done to you investors
Thanks for sharing Percy. Always good to get some money out of the (Australian) government.
That is at least a 40% increase in revenue for the current year.
Had a good run lately, but based on last years figures, still trading at a fraction under 13 PE. Would have to think a good chunk of the increased revenue would flow to the bottom line......
Market Screener are forecasting revenue of $83.9mil.
eps 2022 were 6 cents,forecast this year 2023 11 cents [up 83%], and next year 16 cents [up 45%]..
I have no reason to disagree with them,which means a lot more fun for us.
So eps growth of 83% and 45% gives and average yearly growth of 64%.
So do we look at a PE of half that growth say 32,'or a quarter of that growth say 16.
So a PE of 32 times 2024 eps of 16 gives a share price of $5.12
A PE of 16 gives $2.56 and a PE of 8 gives a share price of $1.28.
At current PE of 11.67 the 16eps would give a share price of $1.86.
A case of choose your PE...??....lol.