Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

4 Pages (Click to Jump) V   1 2 3 4 >   
 
  
Reply to this topic

XTE, XTEK LIMITED
nipper
post Posted: Aug 12 2019, 08:17 PM
  Quote Post


Posts: 5,872
Thanks: 2127


QUOTE
" Billions in SAS funding "

https://mobile.abc.net.au/news/2019-08-12/b...aining/11404148

well, $500 mill in first four years, for weapons, body armour, and other equipment, as well as training...

Didn't make any impact on XTE though the company should benefit, down the track



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 17 2019, 01:55 PM
  Quote Post


Posts: 5,872
Thanks: 2127


QUOTE
• XTEK to acquire HighCom, a successful and profitable provider of body armour and personal protective equipment in the US market

• HighCom generated CY2018 revenue of A$10.5m, gross margin of ~40% and EBITDA of A$1.4m and the acquisition is expected to be immediately earnings accretive in FY20 (before synergies)

• Purchase consideration comprise of 4.0m XTEK shares, A$1.8m cash consideration, and future earnout based on HighCom’s performance in CY2019

• This strategic acquisition enhances XTEK’s focus on proprietary products by accelerating XTclaveTM commercialisation and expands distribution network into the largest defence market globally

• XTEK has successfully raised A$2.7m via an oversubscribed placement at A$0.45 per share. SPP to raise up to A$1.0m will follow the placement, with eligible shareholders offered the opportunity to acquire additional new shares




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
alonso
post Posted: Jan 30 2019, 02:42 PM
  Quote Post


Posts: 2,589
Thanks: 98


In Reply To: nipper's post @ Jan 30 2019, 02:00 PM

I had some of these in the days of the War on Terror (is it done yet?) when I thought this has got to be a go.

It didn't work out (another one) and from what you say it still isn't.






--------------------
"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
nipper
post Posted: Jan 30 2019, 02:00 PM
  Quote Post


Posts: 5,872
Thanks: 2127


Another of Tim Boreham's "2019 recovery" stocks, Xtek seems to pick up rats and mice work easily but not getting, despite the closed world of defence tendering, the transformative big'un
QUOTE
In the $50bn a year defence sector, Xtek (XTE, 46c) remains a stock to watch as it wins more contracts pertaining to military drones and ballistic plates and helmets.

Once again, Xtek shares have sagged despite the company’s expectation of current year revenues of up to $26m, compared with $17.3m in 2017-18.
- you'd have to think there's some upside in drones, somehow



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 26 2017, 12:33 PM
  Quote Post


Posts: 5,872
Thanks: 2127


In Reply To: alonso's post @ Jul 26 2017, 12:19 PM

I held XTE as well - a long time ago, pre 1 for 10 consolidation. Made a bit but waiting for news became counterproductive (as per the commentary from CEO about the institutional torpor of bureaucracies)



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
alonso
post Posted: Jul 26 2017, 12:19 PM
  Quote Post


Posts: 2,589
Thanks: 98


In Reply To: nipper's post @ Jul 26 2017, 10:34 AM

I had some of these in the dim distant past when I thought supplying the anti-terrorism market would be profitable.
You're not telling me I sold out too early again nipper? Damn!



--------------------
"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 


nipper
post Posted: Jul 26 2017, 10:34 AM
  Quote Post


Posts: 5,872
Thanks: 2127


In Reply To: nipper's post @ May 22 2017, 03:58 PM

indeed, RE consideration
QUOTE
Xtek (XTE) For a company that promotes itself as a homeland security specialist, life should be rosy as authorities spend up big on anything from protective bollards to bazookas.

As if we don't need reminding, the urgency of the threat has been highlighted by the federal government's decision to create an uber national security ministry.

But for the Queanbeyan-based Xtek, sustained profitability has proved elusive over its 12 years as a listed company.

"The problem with defence (procurement) is that it's feast or famine,'' says Xtek chief Philippe Odouard. "A small company like us spends a lot of time promoting a product with a pipeline of several years."

After years of sporadic orders for its products, which include armour plating, helmets and bomb-disposal equipment, Xtek has landed the big one: a $100 million order from the Department of Defence to supply and maintain a fleet of SUAS (small unmanned aerial systems, or drones). Put in context, Xtek turned over a measly $3m last year.

Xtek is the exclusive local agent for AeroVironment of the US, the world's biggest drone maker. Xtek, however, is not just clipping the ticket on AeroVironment's machines. More than half of the value of the order consists of ongoing servicing of the units (which, while sturdy, can take a battering in the field), training the users and providing software that enhances the drones' aerial pics. As a guide to how long it's taken to get the military on side, Xtek was involved with trialling unmanned vehicles for the navy a decade ago.

US military heavies are also testing Xtek's ability to make stronger but lighter helmets and armour with its curing process, called XTclave. The US Army has carried out "foreign comparative testing" on Xtek's armour plating, which determines whether kit is better and no dearer than that of a preferred apple pie American supplier. A meeting is scheduled for October but according to Odouard "they are quite happy with the results". The Marines have also bought $800,000 of helmets made with a hydro-clave process that involves the headwear being moulded with high-pressure oil.

Xtek's belated progress hasn't gone unnoticed by the market, with the stock bounding 38 per cent to a high of 55c after the June 1 drone announcement. The company has also guided to $9m of revenue for 2016-17, building to $11-20m in the current year.

Not to waste the opportunity, Xtek on June 28 launched a $3m placement and a $500,000 share purchase plan at 46c apiece, a then 16 per cent discount to the prevailing price. "We have started communicating this to the market and this has changed the profile of the company to a production story," Odouard says.

Odouard previously headed the carbon composites specialist Quickstep Holdings (QHL). A supplier of parts for the F18 joint strike fighter and Hercules transport planes, Quickstep has experienced a similar snail-like trajectory.

Under Odouard, Xtek has sharpened its focus to military contracts and has shut down a cash-sapping retailing business that sold hunting rifles and revolvers. "It was eating a lot of cash and no one really understood it properly."

Indeed: two good reasons to exit a business.
Tim Boreham - edits The New Criterion. tim.boreham@independentresearch.com.au



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: May 22 2017, 03:58 PM
  Quote Post


Posts: 5,872
Thanks: 2127


maybe time to reconsider

QUOTE
XTEK has invested heavily in the last few years to get to this level, postponing returns for shareholders, but has now the contracts, the products and the skilled staff to deliver this fast growth.

XTEK focuses on 3 main segments:
• Explosive Ordnance Disposal (EOD) equipment
• Unmanned Aircraft Systems (UAS) – Unmanned Aerial Vehicles (UAV) and real time tactical imagery
• Ballistic protection and weapons – High-end protection equipment (plates and helmets) as well as its own sniper rifle




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: May 1 2016, 03:13 PM
  Quote Post


Posts: 5,872
Thanks: 2127


been a slow build for XTE. Getting defence contracts across the line can be a slow process, and tendering can wear down the most patient and well connected. Usually the deepest pockets win, even if they then just subcontract every second bit to the under-bidders or less resourceful.

Criterion, in The Aust, takes a look at XTek (I traded it once, but lost interest)
QUOTE
Xtek (XTE) 45c

We dips our slouch hat to the obscure defence supplier, which has seen its shares surge up to 42 per cent since Wednesday's confirmation of a Department of Defence win.

Xtek tendered for a contract to supply and support small unmanned aerial systems, better known as spy drones. Xtek is the local distributor for Nasdaq-listed drone maker AeroVironment. Initial chatter had the contract worth $100 million or more, compared with Xtek's then market cap of $8m.

Technically, Xtek is the DoD's "preferred tenderer" and, pending contract talks, will involve a "reduction in the scope of the initial supply''.

The so-called Land 129 tender originally was to supply and maintain 78 of the units. The sparse announcement bears all the hallmarks of a military redaction effort, but we expect more details when the contract is signed. With AeroVironment also declining to elaborate, investors in the meantime are in the dark.

Criterion had Xtek as a spec buy at 35c on April 11. We maintain the call on the assumption the revised specs still amount to a ripper deal.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
alonso
post Posted: Feb 12 2007, 02:27 PM
  Quote Post


Posts: 2,589
Thanks: 98


http://www.asx.com.au/asx/statistics/showA...?idsID=00692380

love anything spooky, would buy shares in ASIO if they were on offer, but this hasn't been a standout success (thus far)



--------------------
"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
 


4 Pages (Click to Jump) V   1 2 3 4 >

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING