Not sure I understand: - why they have not had time to get the auditor to sign the accounts (I mean most other companies have done so in the last 2 mths) - why are inventories, and trade payables so elevated (the SUAS contract was broadly recognised in FY23, so if there was any inventory in relation to this, surely that would have been taken off XTEk's balance sheet) - their Henslow presentation (27th July) indicated ~200m in pipeline revenues and now up to ~375m, but nothing confirmed in FY24 apart from ~6m communicated in July for SUAS and HighCom (so 2 mths and only 6m when they need to run at ~8m per month to exceed FY23)
Also that SUAS support contract has been imminent for some time......appreciate that this is govt/defence, but don't say imminent as the market will then make assumptions.
Also they are looking for acquisitions which will further suppress the price (in the expectation they will need to raise funds)
XTE Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
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