HCL 2.33% 22.0¢ highcom limited

Although the order is relatively small the significant positives...

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    Although the order is relatively small the significant positives are that XTE is establishing a foothold in Europe and the margins are high. The first sale is usually the hardest but after that confidence builds among potential buyers and sales start to build momentum. My guess is that we will see an increasing number of these smaller sales which will soon translate into larger ones. Because of security concerns it is doubtful if we will ever know who the buyers are but that's the nature of the business. And don't forget Tata (India) is a bit of a sleeping giant which could start producing anytime.
    Everything is looking positive and the market is starting to make a move on the share price.
 
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