Once the operations is moved to USA and FY24 comes in above FY23 I would say this becomes a takeover target if it continues to trade on such a low earnings multiple. Especially with no debt and cash in the bank. It would be a nice earnings accretive acquisition for some larger operator. They could use the XTE balance sheet to partially fund it!
Ann: XTEK Limited Investor Update of 16 Oct 2023, page-14
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $12.83M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.0¢ | $27.45K | 222.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4996 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 5680 | 1 |
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| Last trade - 15.37pm 05/07/2024 (20 minute delay) ? |
| HCL (ASX) Chart |