Advanced braking Tech putting up some good numbers this morning. Summarised nicely by the CEO “We are delighted to report that ABT has commenced FY26 with strong momentum, demonstrating our ability to convert strategic initiatives into robust financial performance.”

They tick a lot of boxes for me. A great product that solves important problems for customers (their brake units lead to less air pollution underground, less frequent maintenance intervals, and safeguards against vehicle collisions). They have a nice buisness model, sell the units up front, then support after the fact with parts (with good margins). Their customers are all big miners, geographically diversified and happy to pay up for products that will help them operate safer and more profitability.

Risks: some sort of global mining slowdown.

Somebody else solves the same problems better and/or cheaper.

Happy hold for me for now irl and on sm.