So many tailwinds within aftermarket and applied composites but...

So many tailwinds within aftermarket and applied composites but markets seem scared of potential capital raising - this would be ineffectual with current SP without diluting at a ridiculous multiple. Investors should instead be comforted that its trading at a discount compared to other public carbon manufacturers, trading at below 0.2 sales and 1.0x book the first time probably ever?

I expect market sentiment to turn around once the funding of expansion plans are elaborated on (hopefully using working capital with aerostructures surely due to profit large on AUD/USD ex rate, and perhaps co-funded within a collaboration). Management should strive to give as much detail when funding is announced including all US state initiatives/offsets, as well as estimates on planned output for FY25. The inking of a deal with alliance airlines wouldn’t hurt as well as an update on Qantas/Jetstar contracts.