It's more re-assuring they are diversifying beyond metal detectors, when Mintec gains traction they would likely get a proper re-rating. right now its stuck in a range as each profit upgrade is considered temporary , despite the frequency of them can't complain about the yield in this environment. Wouldn't be surprised with its cash balance it would be looking for a strategic acquisition to increase its current market penetration. that's the biggest risk to the share price, depending on the size of the acquisition.
agreed that when a business is put in this "too hard" to categorise basket, it gets less sunlight from the mainstream analysts and therefore muted investor interest.
CDA Price at posting:
$3.22 Sentiment: Buy Disclosure: Held
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can't complain about the yield in this environment. Wouldn't be surprised with its cash balance it would be looking for a strategic acquisition to increase its current market penetration. that's the biggest risk to the share price, depending on the size of the acquisition.
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