QHL 12.5% 28.0¢ quickstep holdings limited

analyst report, page-17

  1. 230 Posts.
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    Have a read of their latest updates, incl. half yearly reports.

    I personally believe their cash burn rate is high. The cash on hand is insufficient to tide through difficulties, and the banks have a charge over them and we have a multi million debt (albeit a portion paid down). In fact, the banks ahve a charge over our cash, receivables and others.

    Also note, the cash positive update is due to a HUGHE once off reversal of deferred income. Don't expect much more of these.

    I still would say, the stock is not very well balanced, in terms BIGGEST (>$5000worth) 800odd shareholders, 17% control around 84% of the shares. A highly disproportionate amount.


 
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