IXL are moving into the cable support market in competition with Korvest. As they are in Geelong it indicates they have had government assistance due to the car manufacturing closure to do this. http://www.ixlsystems.com.au/cable-supports.html
It's difficult to work out how much this will impact Korvest.
It would be good to know how much assistance they received to move into the market??...seems unfair to see tax payers money go into creating a competitor against an Australian manufacturer.
I don't hold KOV shares but have in the past.
KOV Price at posting:
$2.60 Sentiment: Hold Disclosure: Not Held
