A CR may not eventuate, if yesterday’s *‘s article is correct, “Defence manufacturer HighCom (ASX:HCL) received a new order of ballistic products from a military customer worth $4.7m. Good news for HCL, which suffered a $13.4m loss in the December half “mainly due to the company not securing several large international orders in the Middle East”.
These customers may come back to the table with revised or reconsidered orders. ATM geo-political situation in the Mid-East is volatile and somewhat distracting to “nutting-out” commercial agreements, supply, distribution and payments etc. Keep seat belts on. I’m optimistic of future growth (sales) and SP up.
Ann: New A$4.7m Ballistics Product Order, page-18
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