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
13.0¢ |
Change
-0.003(1.89%) |
Mkt cap ! $13.34M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 13.0¢ | $1.074K | 8.263K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 317994 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 27794 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| HCL (ASX) Chart |