As I said in another thread, since the ann on the 26th April about the contract signed with EFACEC, I would be keeping an eye out on the websites of RFT and EFACEC to track what is going on with both businesses.
Couple of things have caught my eye on EFACEC's website:
1. New HV "Ultra" Fast Charging Station (http://electricmobility.efacec.com/ev-hv175-ultra-fast-charger/) is a new product from EFACEC. I'm not sure if this is the product that RFT is developing a component for, but EFACEC remaining on the front line of high voltage fast charging is important for RFT and HRE Solutions. The more information I read I am getting more confident that RFT has hitched their wagon to the industry leader in EFACEC. The market is still completely undervaluing the relationships RFT has built with EFACEC and Sichuan Yimikang.
2. Two of EFACEC's distributors have announced large deals with Government/Public bodies. Greenlots in the US (http://electricmobility.efacec.com/portfolio-items/greenlots-for-lapds-bmw-i3/) has announced they are providing 104 chargers to the LAPD, and Allega in The Netherlands (http://electricmobility.efacec.com/portfolio-items/fast-e-project-to-install-278/) has announced they are providing 278 chargers along German, Belgian, Czech and Slovakian highways. To me this is the sort of deal HRE Solutions could execute in Australia, which is why it is important for the Aus Government to step up and fund the electric charging infrastructure.
Getting closer to the full yearly now, I might spend some time in the coming weeks to forecast some results, but off the top of my head I would be looking for NPAT of $1.2m, with potential to the upside.
Growth in the EV division will also be exciting to find out, so much has happened since the half yearly they should be starting to flow through.
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