The company itself has said, on various occasions, things like "Some of these new markets are now experiencing a rush in demand for gold detectors." Have a flick through the announcements.
There are some defensive, counter-cyclic revenue streams in this business, but the spikey nature of the earnings (especially since the Minelab acquisition), tells me that the cream on the top is discretionary non-huminatarian, non-military spending. It does not matter what cycle it is linked to, the numbers tell me all I need to know about the nature of its earnings. These are hard to predict, making a reliable valuation (at least for me) very hard.
Happy to be wrong, but not my kind of company.
Good luck to all who hold.
The company itself has said, on various occasions, things like...
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Last
$11.78 |
Change
0.120(1.03%) |
Mkt cap ! $2.135B | |||
| Open | High | Low | Value | Volume |
| $11.72 | $11.83 | $11.49 | $4.217M | 358.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 534 | $11.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.80 | 5411 | 1 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| CDA (ASX) Chart |