The Indian contract is a done deal - as are all the other Indian military wins they've announced in the last 12 months. Implementation is out of AVA's hands, such is life selling to foreign governments.
If I was in charge of AVA, I would take that $8m profit and spend $1m on marketing, $1m on share buyback, $4m expanding the global sales team, and report a $2m profit. I'm not AVA, so who knows what they will be doing. So far Scott Basham seems to be making all the right moves. It's easy to see how this company could become a $100m business in the next couple of years, just from their existing products and pipeline.
Look at today's volume: $1320. It is ridiculous for what is probably Australia's greatest technology export business.
The Indian contract is a done deal - as are all the other Indian...
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Last
10.3¢ |
Change
0.003(2.50%) |
Mkt cap ! $29.73M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.3¢ | $4.867K | 47.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 345 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 177548 | 8 |
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| Last trade - 11.18am 06/09/2024 (20 minute delay) ? |
| AVA (ASX) Chart |