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Imagine owning part of a business that economic conditions have the least bearing on. This idea has and always will be one that cannot be resisted. Particularly in the face of uncertainty which is all there is in the equity markets.
Fitting nicely into the recession-proof class is the latest entrant to the Catalist board on the Singapore Exchange [euro]" engineering specialist Starburst Holdings Limited (Starburst).
Shares Investment recently met up with Starburst[euro](TM)s management team to understand more about the company[euro](TM)s business.
Recession-Proof Business
Starburst is the go-to company where firearms-training facilities are concerned. Covering the entire supply chain from design to installation phases, Starburst provides anti-ricochet ballistic protection systems for firearm shooting ranges and tactical training mock-ups.
As part of the company[euro](TM)s integrative approach, Starburst also administer maintenance services to keep such facilities in tip-top conditions.
[euro]oeStarburst is the natural choice for maintenance services. Following the minimum one-year defect liability period that comes after project completion, clients would tend to extend their maintenance contracts with Starburst,[euro] Edward Lim, Executive Chairman of Starburst, elaborated.
Sales Breakdown
Source: Company Prospectus
As of 9 June 2014, the company[euro](TM)s order book stood at $45.8 million; out of which $19.7 million is derived from firearm shooting ranges and tactical training mock-ups business segments and will be translated into revenue over the next year. The remaining which comes...