QHL 18.4% 22.5¢ quickstep holdings limited

Ann: Half Year FY21 Results, page-11

  1. 376 Posts.
    lightbulb Created with Sketch. 21
    Pretty sobering stuff at the moment. The downward trend continues with no sign of abating. At present we are on track to reach the lows when COVID first emerged.

    Given the Boeing contract wont be profitable until year two and exchange rates are heading the wrong way assuming US contract payments it seems management will have to produce some new angles/business to arrest the SP decline. This is turning into a real bottom draw holding.
 
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