I'm shocked. But then should have known... what do they say- never buy in a downtrend......
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I'm shocked. But then should have known... what do they say- never buy in a downtrend......
How low can it go.....
Market cap less than $28m
I believe Regal might be gone soon. I will know the moment I don't see a big sell dump towards the end of day.
An updated research report by MST has a target price of 73c. https://www.xtek.net/2023/09/21/mst-...xte-20-sep-23/
Key highlights:
• A$3.2m order for specialist ballistic armour products
• Second large order received this financial year
• Order allows for the further reduction in inventory to normalised levels
• New international military customer
Friday 29 September 2023. XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased to announce that the Group’s Ballistics Division (Highcom Armor) has received a new purchase order valued at A$3.2m to supplyhigh-end ballistic body armour products to an undisclosed international military customer.Scott Basham, XTEK Group CEO, said,“Our Ballistics Division received the order on the back of its reputation for advanced manufacturing, sales and distribution capabilities across North America, Australia, and Europe. Through our Ohio and Adelaide facilitieswe design, manufacture, and supply world-leading, ultra-lightweight and high-performance ballistic armour products and solutions to military, law enforcement, and first responder customers worldwide.
This new international order, from an undisclosed military customer, worth A$3.2m, will see thousands of our advanced high-performance body armour products manufactured and shipped overseas over the coming weeksto meet this customer’s operational requirements. This order, in addition to the recently announced $2.6m order,will assist in the reduction in the inventory levels reported at the FY23 full year result.”
Good start to the day
https://stocknessmonster.com/announc....asx-3A627453/
XTEK Secures New Multi-Year SUAS Support Contract with Department of Defence of up to $110m Over 10 Years