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littlecorn, any idea when will the $8 mil bomb suits contract be...

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sun111

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31/12/14

11:11

Post #: 14521708
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Originally posted by littlecorn ↑

1H half normal order of 5mil, plus UAV 7mil ex GST, should at least achieve 5mil 2H, that's total of 17mil sale @ 45% margin = 7.65mil gross profit, - 3.5mil overheads = 4.15mil net profit + 1.5mil cash in the bank = 6mil cash at 30 June 2015.

a distribute 5c will only cost them 1mil cash, they might surprise us to pay 5c in Feb, and 5c in Oct.

the above calculation does not include 8mil bomb suite, and 10mil weapon sales.

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littlecorn, any idea when will the $8 mil bomb suits contract be signed? I think 45% margin on UAV is very high, I put 20% in my estimation. Very low risk below 50c.

XTE Price at posting: 47.5¢ Sentiment: Hold Disclosure: Held
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