Another ASX Drone Play - ASX: KTK
Title says it all really
Just listed on the ASX, I bought some on the dip today. They manufacture the components of drones before it is turned into the finished product. To me it seems pretty simple, drone spending is growing massively https://www.foxnews.com/politics/pentagon-jumps-from-225m-55b-drones-cheap-attacks-overwhelm-us-defenses and these guys, as they say are the "picks and shovels" company. Like how the commodity boom is taking place, these guys could be likened to the mining service companies of the boom.
Has revenues growing at 100%+ YoY, and the board is legit. Chair is currently on ASX:ELS board and another director used to be on Droneshield. Also, the Founder and 2IC own 42% of the company, so they are definitely aligned with shareholders here. The AFR article gives a good summary of it too https://www.afr.com/technology/regal-thorney-back-israeli-drone-supplier-ahead-of-asx-debut-20260510-p5zveg
Would love to know everyones thoughts on it