XTE 1.77% 57.5¢ xtek limited.

Thanks mate although I don't do that much research. I just have...

  1. 539 Posts.
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    Thanks mate although I don't do that much research. I just have some google alerts and check the Tenders website regularly. I initially invested in Xtek realizing that it was undervalued. When it reached the value I thought it was worth I had to decide whether to sell or to hold. At the moment, like you, I'm holding in the hope that Xtclave especially can attract interest and sales. However I don't believe that we could get any military contracts over the next year. I've only ever dealt once with a smallish military contract (German Army) and it was like pulling teeth. The amount of hoops one has to jump through before finally getting that contract is not only arduous but also long. 


    I hope Xtek management can use the next 12 months to find a commercially viable way forward for Xtclave. If not due to their lack of liquidity, small margins and lack of recurring revenue stream they would be consigned to a company whose MC remains lower than their revenues. 


    Good luck and as always DYOR.

 
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