make no mistake, they needed the money. the delays in signing contracts/metronet issues have meant they are likely to miss their cashflow forecasts. either that or they are growing so fast that they require funds to get them through to the completion of the current works being undertaken, before funds are received.
Im going to the first option as 50% of contract value is paid up front upon signing.
i really like the traction they are getting in HK and china. 23 million in submissions so quickly, even before the technology is widely recognised as a viable solution.
whatever happens in the next 6 months, this will be a beauty over 18-24 months.
HTI Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
