The share price increased on the back of the 2 acquisitions for Zetron and DTC. Plus the expectation of further work for Nextgen 911 from the US govt.
If expected earnings is going to be another 21million from Zetron+DTC then minus 15 after the sale of Minetec, the PE comes down to about 12.
However the bulk of earnings still will come from metal detection and the tactical comms update wasn't positive due to Covid. The other non metal detector sectors must grow bigger to remove the correlation of the share price to gold. Might wait before topping up as I made the mistake of adding at 16.75. As mentioned before, price action is still negative.
CDA Price at posting:
$13.86 Sentiment: Hold Disclosure: Held
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