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RFT - Rectifier Technologies

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Rectifier Technologies Ltd (RFT) designs, manufactures and supplies electronic products known as industrial battery chargers, telecom rectifiers, DC power supplies and magnetic components such as high frequency transformers and chokes used in similar electrical power conversion equipment and instrumentation used in solar, rail and communications equipment in the commercial, industrial and defence sectors.

http://rtp.com.au
 
Rectifier Technologies has been stirring recently after announcing on 14 June that it has received product purchase orders from Tritium Pty Ltd totaling US$5 million for the supply of 35kW high-voltage and high-efficiency modular power supply units for DC electric vehicle charging.

A quick look at the company's financials reveals that it has recently moved into profitability and the announcements released on 14 June, 11 May and 13 March concerning product sales indicates that that position may be strengthening.



 
After ten months of consolidation mostly between 3c and 4c, RFT has today broken above 4c and is currently trading at its high of the day of 4.5c.

Well above average volume this month. Could have something to do with the last Half Yearly report which detailed a 140.86% increase in revenue and a 340.61% increase in net profit.



 
I discovered this business while looking into one of their customers, Tritium - which I cant get a piece of because its not listed. I think its run well ahead of what I would regard as a sensible valuation, but its gone on my watch list to see how it plays out.
 
These guys just invented the world’s fastest electric car charger...
 

Nearly bought into them on Tuesday. Wish I did, but I was put off by how tiny they are...
 
Actually, I wasn’t quite right about that. They didn’t invent it, but they have a supply contract with the company that does, and that company has a huge contract in Europe...
 
No news in the last few weeks but RFT is up 14% today to new all-time highs. It's currently trading at 5.7c but reached 6c in early trading today.

It has been having trouble getting through the 5c mark for the last few months but this move today looks far more convincing.

It is worth noting that on 19 June the company announced that their 11kW EV DC Home Charger is in pre-production and available to order. An industry first, the high-efficiency electric vehicle charger delivers up to 11kW of DC power to recharge the battery directly without the limitation of the vehicle's on-board charger.

Early sales figures can't be too far away now.

 
Last edited:
bang, i mean wang, and now they have my first red cross ............ strike 1.
 
copied from @aus_trader post #499 in https://www.aussiestockforums.com/threads/speculative-stock-portfolio.33280/page-25#post-1100334

EV's or Electric Vehicles, it's tagged on as something that the company provides components for at the end of the company description:





I've also mentioned this small cap pays a dividend which is rare for small cap growth stocks, so also highlighted that above as well. Most small cap stocks don't make a dime and each time they burn through existing cash they keep coming back to the market to ask for more funds to keep them alive.

EV transformation is probably a slow trend and it's not likely to replace all the fossil fuel powered vehicles overnight. But that mega trend is in motion and there are entrepreneurs like Elon Musk who heads Tesla Motors ( NASDAQ: TSLA ) who is accelerating this trend with the recently built giga-factory. So in time it's likely that the fuel guzzlers will slowly get replaced with Electric Vehicles as once upon a time Henry Ford transformed transportation from Horse and Carts into Motor Cars.

Anyway I am not interested in investing in Electric Vehicle makers, but I would like to sell picks and shovels to miners and prospectors during a Gold rush; to use a mining analogy. So I think this little company RFT fits the bill pretty well. You see, along with the rise of EV's there needs to be a rise of Charging Stations and that's where RFT comes in. It is developing and making Home Chargers for EV's and has partnerships in place to supply components to Charging Station manufacturers like Tritium (https://www.tritium.com.au), a private company that is not listed on the asx...





RFT's recent announcements also show that there is a boost to their income coming in from EV components:
 
Recent FY summary:

• The total revenues decreased by approximately 11.33% to $16.7 million compared to $18.9 million in the previous reporting period.
• The decrease in sales during the year to 30 June 2020 was due to the impact from COVID 19 pandemic. The Government in each our operating jurisdiction has imposed restriction on movement to protect safety of general public, particularly in Malaysia, our factory has been shut down in the middle of March and was resumed to operate with a limited capacity in April and fully operating from May onwards.
• The Company reported a profit before tax of $3.1 million compared to a profit of approximate $3.3 million in the previous reporting period despite the global economics negatively impacted by COVID 19. However, the Company was able to report a profit with supported from the Governments in each operating jurisdiction, financial institutions, key stakeholders and our own reserves. The effective plan enables us to mitigate risk exposure.
• The Company expects sales from our legacy market and electric vehicle charging market to continue improving in the 2021 financial year.


Outlook
 
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