The theme is Defence with increased defence expenditure announced by the government.
Australian Industry Content (AIC) is required for defence acquisitions and this will add considerably to opportunities for Australian Dfence companies. One aspect of this is Australian Dfence companies becoming part of the global defence supply chain.
For the above reasons alone EOS and XTE are good investments with great prospects. I hold shares in both.
On top of that you have the incredibly good prospects:
No debt
Profit last year
Bigger profit forecast this year
Increased revenue forecast
Millions in the bank
Long term SUAS contract to underpin revenue growth
Taking XTClave from R&D production size to commercial scale production for body armour plates and helmet shells.
The upside in XTE is not priced into the stock at all
XTE Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held