The chairman is arrogant and self assured despite the fact that...

First 27 Last

Share
Profile

Follow
uee

10 Posts.

3

28/06/24

16:15

Post #: 74524685
Share

The chairman is arrogant and self assured despite the fact that he has failed shareholders.
Share price has moved from 26 cents to 12 cents. What could Mark have done to support share price
1. kept shareholders informed
2. be responsive to shareholders enquiries
3. bought shares on market
4. moved xtclave earlier and have it operating by now
5.promoted xtclave capability in US-the US highcom armor website makes no mention xtclave
and I could go on.

Originally posted by Holdtight: ↑

Given the lack of communications from the company, I will highlight some of what Mark said 2 weeks ago in the video.

* Xclave expected to be up and running in August.
* Market has been flooded by cheaper armour and helmets and consequently new requirements have been set in USA. Highcomms expects to be the first to be qualified in September.
* Walked away from some low margin tech business with the ADF.
* Pipeline was $600m 18months ago and is now $300m. Included $300m sales to India, which they removed as being unrealistic. Current pipeline has orders from $180k to $25m and are seen to be very realistic. Building the current $2m monthly sales towards a goal of $6m to $10m per month.
* Drone repairs and spare parts remain an attractive margin business with ADF.
* They have exited a few technology parts of the company, but are looking at others that are "easier to work with"
* Now seeing $6m in cost savings from the move from Adeliade to Columbia.
* 6 weeks ago Mark launched a $103m fund called periscope to invest in defense companies.
* The body armour is not only 30% lighter than the competition, stronger protection from ballistics and also does not retain body heat.
* Youtube has several videos of random people smashing the body armour with little to no damage.
* Ukraine fighters who had been killed had their armour recycled.
* USA playing with the idea of school backpacks in Blue and pink for kids to hide behind in the event of a school shooting.
* FBI used highcomms shields in the latest school shooting.

Here are a few interesting comments from Mark:
" one sale order away from being great"
" company has turned the corner"
" will step down in Feb 25 if shareholder value has not improved materially"

Overall, imho, Mark deflects a lot of the responsibility of the the poor share price performance to
1. Previous management prior to him joining
2. US government/congress holding up on paying a $25m order.
3. Polish regulations.
4. ADF incompetency--- as his class mate who now runs the purchasing division would not buy the worlds best helmet!

Overall, I was disappointed after listening to the video. I will continue to hold my stock at these level, but there is an arrogance of this chairman that leaves me feeling uneasy. Sentiment changed to hold. DYOR.

Expand

HCL Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

2 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland

PR1

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 27 more messages in this thread...

First 27 Last

Add HCL (ASX) to my watchlist

(20min delay)
Last 16.0¢		Change 0.000(0.00%)		Mkt cap ! $16.42M

Open	High	Low	Value	Volume
16.0¢	16.0¢	16.0¢	$44	275

Buyers (Bids)

No.	Vol.	Price($)
5	247983	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	2982	1

View Market Depth

No.	Vol.	Price($)
5	247983	0.160
5	169290	0.155
2	38445	0.150
1	10500	0.145
2	103590	0.140

Price($)	Vol.	No.
0.170	2982	1
0.175	76151	3
0.180	146367	4
0.185	8576	1
0.190	25000	1

Last trade - 15.32pm 11/11/2024 (20 minute delay)

HCL (ASX) Chart

The chairman is arrogant and self assured despite the fact that...

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

Prospech finds dynamite heavy REE grades from historic core in Finland

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

The chairman is arrogant and self assured despite the fact that...

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

Prospech finds dynamite heavy REE grades from historic core in Finland

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News