You and me both, only in my case I was able to get my full allocation.
How kind of XTD management to delay any news until after I had my order filled!
It was pure luck of course, but I totally agree that the last couple of weeks was a great time to start accumulating.
What really piqued my interest in this company was the interview I watched with Alan Kohler last year. It was the part where the boss said the revenue per screen was $150,000 while the costs of installation were $100,000 per screen and that they were targeting New York and that there were anywhere from 750 to 1500 screens that could be installed. An installation of 1000 screens would result in revenue of $150,000,000.
Even if they miss New York and land other cities in the US, the average number of screens targeted is 80 according to what was said in the interview. That is no small change either amounting to revenue of $12,000,000 per city.
Today's mention of some of Asia's largest cities being in the company's crosshairs could provide similarly huge numbers to New York, especially if you are talking about Beijing, Shanghai, Tokyo and Seoul.
It's a great time to be owning this stock as they could land a big deal at any moment, and if a big deal was to be landed then there would be fireworks as far as the share price is concerned.
This was the last major 'next big thing' that I wanted in my portfolio and now that I have it, at a price a few cents cheaper than today's close, I couldn't be happier.
XTD Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
