Eurocontrol Technics Ord EUCTF

Financials on sedar.com

[lscfa]

The only thing new is......

The  Company  budgeted  to  invest  up  to  US$2.0  million  in  fiscal  2016  to  advance  XwinSys  towards achieving  certain  milestones,  and  depending  on  the  outcome  of  these  milestones,  the  Company  may begin  commercial  production  in  late  2016.

[Ringert]

Jup unsurprisingly again no news. Probably gonna see a little sell-off by impatient sellers on monday when they publish the NR. Buying opportunities ahead for those that are looking to make some money in a few years time.

[green24]

Yes, it is the Q1 numbers that I'm waiting to see.  I'm curious as to what the burn rate might be while we wait for some exciting SICPA contract news. The Compensation of key management personnel of the Company  was higher than I expected for 2015.  Over $1.6 million.   Seems a little steep for a company with a market cap this size.  But then again, they did

[Spiegel62]

With fuel marking EU tender being resoluted towards end of year and Xwinsys about to go commercial in a few months its NOT gonna take as long as "a few years time" to make it big on EUO.

[kidl2]

Dissecting the annuals is pretty useless given the various one time charges relating to the GFI sale but one thing is pretty obvious. SICPA paid nearly 4 times trailing sales which is around double of what GFI is realistically worth based on its growth on earnings history.    So, did SICPA overpay?

[Spiegel62]

Dont get where are you trying to get. Comparing the fuel marking supply biz under EUO vs. GFI under SICPA (marker supply+logistics) is like comparing apples to oranges....

[thedon]

SICPA decided to expand and complete their stable of service offerings.  The timing of the move was most likely related to the fuel marking tender in the Eurozone?  There may also be other initiatives coming in other areas like crude marking relative to combating terrorism?   They may have been able to develop their own product, but the cost in time and money did not compare well

[Spiegel62]

Agreed, and thats why it is futile to try to stablish what was or not a fair price for SICPA to pay for GFI...The point is an industrial behemoth liked the tech enough to jump in with both feet into it

[kidl2]

>>>So, did SICPA overpay?<<< The Swiss overpaying for anything ... People, where is your sense of humour???