Ann: XTD Limited Signs APN Outdoor for Brisbane, page-7

Terra Capital buying more is an odd one as a stock like this is supposed to be out of the Fund's mandate. Jeremy was a director in WEG (not carrying over to XTD) and had personal holding, whilst the current directors are all associated with the corporate advisory teams that did the listing, each of whom have sizeable shareholdings themselves. A true insiders club!

Based on the current revenue rate and advertising mix, once XTD run a full clip across both contracts the company could easily be worth over $0.30 before factoring what may transpire form the US.