Managing Director's report is positive on the existing business. On top of that we are finally seeing the beginning of the real potential of the armour business. It has now been disclosed that:
1. A new generation XTClave plant is being built;
2. A factory is to be set up;
3. Tests show Xtek has world class body armour plates and helmet shells;
4. There is real interest from customers to buy product made in XTclave;
5. New factory will have significant production capacity which creates significant revenue opportunities for next year over and above previous forecast.
High volume with increasing share price today suggesting the market might finally be understanding the potential of Xtek.
XTE Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held