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57.5¢ xtek limited.

Looking forward to seeing the new base! This could very well...

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Boomorbust

3,697 Posts.

01/05/16

02:48

Post #: 17643772
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Originally posted by little eagle ↑

Yes great news on top of last year's first profit.

In respect of MC, the back of envelope numbers I just did show SOI of 21m end of 2015 FY increased to 23.4m, almost all being issued to Kentgrove for working capital (with another 500,000 options exercisable at 45c to come). So $1 a share would be in drifter13's range. One of the things to remember here is as at last balance date the top 20 held 77.24% of that 21m and the percentage would be higher since arrival of Kentgrove. As observed previously XTE is traded very thinly so even modest buying/selling can produce big swings.

To crunch the numbers we need the detail that is still presumably being negotiated in the 'second pass'- like how many of the 78 (SUAS) will be in the initial supply; when will initial payments happen; what will ongoing support and training be worth etc. Depending on these details and last year's profit XTE could be in for a significant re-rating to a new base.

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Looking forward to seeing the new base! This could very well continue to push up and on the way to at least a $20m MC and 80-99c+ off the back of recent events. I hope she has legs and runs hard for all

XTE Price at posting: 54.0¢ Sentiment: Hold Disclosure: Held
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