Yes, but you can’t ignore the financial reports. Despite good revenue growth profitability is lower than 3-4 years ago.
They are investing in growth but little explanation about what forecast is. IMO they have huge potential and are well placed but I have questions about their ability to realise all the upsides in front of them. Agree 4c may be the lower level of their trading range for a while but I remember that level was where they were at in 2020.
I can only see them breaking out if they can land another significant order in next 6 months and start to really ramp up production to be able to deliver multiple orders.
They have a year to get things humming imo or a bunch of others will leave them behind in the market.
RFT Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
