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The whole KTG addressable market for defence armoured vehicle...

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men_at_work

93 Posts.

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31/03/21

23:54

Post #: 52189964
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Originally posted by Value17: ↑

Interesting, but I think this is their addressable market. It's not clear to me that KTG would have the ability to capture the whole market, but it certainly looks promising based on their presentations and your analysis.

If you are correct though, I can guarantee you that there will be a huge amount of director buying on market, so I will be looking out for that. This hasn't happened yet, so I am a bit skeptical at this stage.

In their presentations they have contracted a number of clients, most recently 46 in March, but revenue is still extremely low. Do you by any chance know what the $ value of a contracted client would represent?

Customer receipts are as follows -
June 20 - $268,000
September 20 - $36,000
December 20 - $458,000
March forecast - $400,000-$600,000

Pretty low for a company with a market cap of $75m

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The whole KTG addressable market for defence armoured vehicle welding is...... drumroll...... Hanwha defence armoured vehicle contracts which is.........drumroll....... the 8116 $2.6bn contract that KTG is working on with Hanwha.
FYI Australia is in the infancy of building a defence vehicle industry so there isn't a lot of armoured plate welding capabilities around.

Last edited by men_at_work: 31/03/21

KTG Price at posting: 45.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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