drifter I bought 2 more lots over last few days. since I have...

drifter
I bought 2 more lots over last few days. since I have been here for a while, actually XTE is one of stocks I have to hold much longer than I initially thought, and I am quite happy to. I cannot tell you now when it will happen, but I can tell you it will happen this financial year.

if you look its prelim account in details, focus on their 2nd half revenue, plus 1st half UAV and other new products income stream, their 1st half 2015 revenue will probably come at 4.5mil - 5mil, with 45% margin and similar wages, I will expect at least $1mil profit for 6 month, and it looks quite certain this is the case. in fact, if you look at their balance sheet, their net current asset position actually improved by about $700-800k despite accounting loss, as they sold more inventory partially offset by depreciation etc.

and wild card to expect before Christmas, is update on Xclave test contract with US, and defence UAV contract.

if sp price less than 10c before new year, I will swallow my undie and post a pic.