After a bit of research today I've decided to juggle a few of my...

After a bit of research today I've decided to juggle a few of my holdings to top up on some more RFT. We are only a month away from the half yearly and I can't ignore the shares at 0.6c sitting there due to impatience. I'm happy to hold for the long term.

The reading I have been doing today has focused on RFT's new electric vehicle charging division HRE Solutions (http://hresol.com.au/products/electric-vehicle-chargers.html). The division was created late last year as a result of a partnership between RFT and EFACEC, a large Portuguese electrical/electronics company. You can see here that HRE Solutions are re-selling the EFACEC products (http://electricmobility.efacec.com/).

However the partnership goes further than that as EFACEC's chargers are made with RFT's rectifiers, and HRE Solutions has exclusive distribution in Australia. It may actually be more than that as you can see on EFACEC's worldwide partnerships map (http://electricmobility.efacec.com/find-us-wordwide-presence/) that RFT/HRE are the only distributors in the SE Asian region, and there is only one other distributor in China.

Which helps, because last year China's electric vehicle market grew by 270% (http://www.prnewswire.com/news-rele...-controller-market-report-2015-300211089.html) and has an estimated CAGR as high as 93% through 2017.

Now, I have to admit that a lot of this is speculation and dot joining. The half yearly may well come through and there has been no financial impact at all from HRE Solutions. But I think it is impressive that a tiny Australian company can broker a partnership with a huge European company like it appears RFT has been able to.

At the very least, I think the downside risk is minimal at .6c. We have tracked sideways for months following the "disappointing" annual report, so the market has put no value whatsoever on the progress that has been made over the past few months. Hopefully that progress can show through on the half yearly and long term holders are rewarded.