HT8 0.00% 1.0¢ harris technology group limited

I suggested we would get an upgrade to 14m and a $1m profit. We...

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    I suggested we would get an upgrade to 14m and a $1m profit.
    We got $13.5m and $1.1m, so slightly less revenue, but better profit than I was expecting!
    That also means HT8 will generate about $5.4m in revenue this quarter.
    Assuming minimal growth in FY20/21, you can easily see the business doing $22m in revenue next year.
    At which point they would be doing close to $2m in profit.
    I think its pretty obvious why the MD is still buying more.
 
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