Originally Posted by
Rawz
This update has come without warning. On 5th December they released an investor presentation after the name change to HighCom.
I have read it again and there is absolutely no warning in there that inventory may need to be written down if it doesnt sell. Also no warning about how dire sales were..
FY24 Opportunity Pipeline & Outlook
The Group has an opportunity pipeline of leads at various stages ofqualification worth more than $375m:
• HighCom Technology – is pursuing multiple drone relatedAcquisition & Support Contract opportunities across the region valued >$75m;
• HighCom Armor – has a global pipeline of opportunities >$300mfor lightweight body armour, ballistic helmets, and ballisticshields, with customers such as the UK MoD, US DoD, US DoJ.
Based on the continued tailwinds for the sector, the current sales and business development activity being progressed around the world,and with the enormous long term revenue generation potential that we believe will be created from the relocation of our unique XTclave IP into the huge US market, the Group is positive about continued revenue growth and profitability in FY24 and beyond
this is bs. Cant believe i dodged this.. just by dumb luck really. Look at the timing they announced it to the market as well, right at the end of the day.
Honestly if it was me i would dump my entire holding tomorrow if i still had it. and it would be at a big fat loss. But id still do it and redeploy elsewhere. Just my opinion. Ive never had issues selling something at a loss as at the end of the day its just a dollar value and I look at the point of view- could this $ value have better upside here or elsewhere.