A thread starter on this one. My old man bought some a while ago and NOW wants me to look at them as he has no idea why he actually purchased them
Vortex Pipes - www.vortexpipes.com.au
Shares on Issue - 63mill
SP - 10c
Market Cap - $6.3mill
Vortex have several different technologies, with their main focus been on in-situ water mains pipes fixing. Old mains throughout all cities are usually concrete or steel, and as they age are prone to bursting. Vortex can repair these pipes without the need to dig up and replace them, so i think there is a lot of potential here.
Currently making a loss of 1cps, but this loss has been slowly moving towards the positive figures. If the trend keeps up they should be profitable by years end.
Only concern at the moment is cash must be running fairly low so a need for a cap raising may be soon.
If management can actively promote and market, then there is a lot of upside here, as recent ann shows that the product is usable for potable/drinking water.
Any other thoughts/opinions appreciated as i have only quickly glanced at them.