1H half normal order of 5mil, plus UAV 7mil ex GST, should at least achieve 5mil 2H, that's total of 17mil sale @ 45% margin = 7.65mil gross profit, - 3.5mil overheads = 4.15mil net profit + 1.5mil cash in the bank = 6mil cash at 30 June 2015.
a distribute 5c will only cost them 1mil cash, they might surprise us to pay 5c in Feb, and 5c in Oct.
the above calculation does not include 8mil bomb suite, and 10mil weapon sales.
XTE Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
