That’s exactly why I don’t trade this stock.
Nobody holds all of the cards except for the board and even then certain information would be secret and compartmentalised on a need-to-know basis. Let’s look at what we do know:
- Cutting edge technology company producing high end defensive devices in a rapidly expanding market with global demand
- 10 year head start on the competition with research and development and 4th generation product lines
- Repeat orders from customers like the US D.O.D with their total budget of $849.8 billion
- $500m sales pipeline, including an imminent order from NATO potentially worth more than the entire revenue of 2023.
- $170+ million in cash reserves for rapid inventory scale up and further development of products
- Drone warfare has upended the delicate balance of power on the battlefield and the threat affects every conflict region in the world
- The protection of civilian infrastructure from drone attacks is an entirely separate source of revenue to military use and potentially several orders of magnitude larger, over the medium-to-long term
There’s about a dozen other points I could include here that make up the reason why I continue to hold DRO. I believe the revenue targets the board has indicated of $3-$500m are not only possible but will be seen as conservative in just a few years time. Just look at what they have achieved in the part 3 years!
Barring a black swan event like ‘world peace’ I can’t see the demand for drone defence dropping off. I’m pleased this company is finally getting decent recognition for their worth as an Australian manufacturer. There’s no reason why a home grown company can’t lead the world in this space.
GLTAH
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Last
$1.32 |
Change
-0.080(5.73%) |
Mkt cap ! $1.146B |
Open | High | Low | Value | Volume |
$1.39 | $1.40 | $1.32 | $12.04M | 8.963M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 134196 | $1.32 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.33 | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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13 | 120619 | 1.315 |
8 | 91028 | 1.310 |
4 | 11944 | 1.305 |
45 | 278393 | 1.300 |
2 | 6607 | 1.295 |
Price($) | Vol. | No. |
---|---|---|
1.335 | 42 | 1 |
1.340 | 250872 | 5 |
1.345 | 72869 | 4 |
1.350 | 17545 | 2 |
1.360 | 85909 | 7 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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