Plenty of noise lately, but I wanted to share why I continue to back Excite - and specifically why I hold options (ASX:EXTOD).
This latest placement confirms what I’ve been seeing for a while: management is executing a clear, high-conviction growth strategy. They’ve raised $2.8M at a premium (not a discount), which tells you investors are backing the vision, not bailing out the business.
They’re not just raising for runway - they’re fuelling revenue-generating initiatives like the Nangu Tactical Centre and Offensive Security Services. The centre in particular is a first-of-its-kind asset in the Asia-Pacific, backed by a $3M federal grant and designed to train 800+ cyber professionals annually. That’s not a “maybe someday” project - it’s real, strategic, and very monetisable.
The cyber security space - especially government and defence-aligned - isn’t slowing down.
Excite is positioning itself right in the middle of that national capability uplift.
I like that they’re targeting recurring, high-margin revenues through services that scale.
Options give me leveraged exposure to all of this upside. If management keeps executing, this story is only just getting started. Holding tight.
IMO this is one of the more undervalued cyber plays on the ASX right now.
EXT Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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