APO profit upgrade, page-10

Agree entirely. I have XTD undervalued by about 60% based on current operations. As has been mentioned above, this is one of the best risk/reward plays on the ASX at the moment IMO. Current MC doesn't factor in Asian contracts, a US trial or Contact Light.

I'd encourage everyone to do a bit more investigating on Contact Light, which is essentially their digital engagement angle for commuters. I have heard these guys have some big plans for CL , and that on it's own is a game-changing tech business. To me it is obvious the company has plans beyond rail networks. David Gibbs has strong US ties, and in fact was a big player in the shopping mall space. Steve himself built up Lunalite with digital bus shelters. As Stweeve said, I would be surprised to see an announcement by the end of the year.