TSXV:VER.H - Post by User
Comment by
firemonkeyon Jun 09, 2004 12:48am
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Post# 7588867
RE: US Army has deep pockets!!
RE: US Army has deep pockets!!DHB share price jumped from US$9.50 (close) to $13.15 (after market), following the announcement of the US$239.4 million contract.
Giuliani Partners & Vanguard Response Systems should be able to drum up similar size business, if not greater. Remember this:
"The worldwide market for CBRNE readiness and response is estimated to be about US$3.2 billion over the next 5 years."
This means an average of US$640 million per year spending on the CBRNE readiness and response market. If Vanguard Response System can capture 50% of the market, we are looking at annual sales of about US$320 million.
VRS has been quiet on the news front for about three weeks. I suspect that something may be announced within the next two weeks. Let's hope that the big boys can walk the share price down to fill the gap first. I have already submitted my bid for more shares at the bottom of the gap, and am anxiously waiting for the blockbuster deal ...