-
Xtek is expected to be profitable for the second half of 2017 if forecasts are met. Also we should find out next month if Xtek was successfull in landing the Land 129 Phase 4 contract. In their latest quarterly update they also state that we should see revenues from their new technologies coming into 2017.
They haven't said anything that they may need a CR but if they could get Land 129 Phase 4 I'd be happy to participate in a CR at the right terms.
-
From the HC forum
Attachment 8747
-
Long Member
that $100m figure that is thrown around for land 129 phase 4, - what sort of timeframe is that contract split over, 4-5yrs?
-
The $100m figure is actually pure speculation. Could be more, could be less. The supply side of the contract would be done immediately and who knows about the ongoing service contract.
-
Xtek got a nice little bump of late after a positive market update and an updated investor presentation. Land 129 Phase 4 contract should be signed soon and scope of contracts awarded and details of CR will be of major interest.
Here an interesting interview with Philippe Odouard from Xtek. https://www.defenceconnect.com.au/ke...obal-with-smes
-
ADF announces a $101 million investment into Small Unmanned Aerial Systems with the first tranch being Xtek's WASP AE system. Approx $11 million for acquisition and $4 million/pa for sustainment (update - that's the Australian only portion of the contract. Not a 100% sure yet it this all is rewarded to XTEK)
Last edited by silu; 01-06-2017 at 11:12 AM.
Reason: Confirmation of revenues for XTE TBC
-
-
Getting excited about the market's reaction to this - I've been waiting for this for a while now. MC at 40c is under $12 million so it should get a decent re-rate.
-
If you're already a holder their latest company update should make you very happy http://www.asx.com.au/asx/statistics...idsId=01864533
-
Member
Another $1.7m contract announced today. Looks pretty promising as a long term hold!
Rumours of a capital raising doing the rounds so be careful if just buying in. I hold 1 share currently so hopefully accompanied by a SPP.
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks