I am already invested in Quickstep, a small amount.
However, I am looking to up my stake substantially. However, to invest a substantial stake, there has to be more certainty from the company, micro + maco factors too. The entry price would be determined when I see changes in the company, contracts, management, government grants, technology, etc.
I personally think that QHL with the stable contracts on hand, a Fair Value would somewhat 10cents. (yes), and it presents terrific buying opportunity, risk-reward. But, with the lack of new substantial contracts or institutional investors, I believe the company can reach a low of 0.03s. Plenty of negative sentiment, and that does not help the company, nor do false promises and up-ramping.
I look for a long term investment, where additional value can be unlocked, through contracts, consolidation in the industry, or yield from dividends. None of those are a certainty, or seem to have a substantial probability/possibility now. Time would only tell.
As the saying goes, don't catch a falling knife. People have different ability to stomach risks, but for me, why pay a premium when I so strongly believe it would drift lower. Unless a breakout occurs, be it internal from the company, or traders doing technical trades (meme stocks) etc, all I can say is i'm waiting.
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $15.42M |
Open | High | Low | Value | Volume |
22.0¢ | 22.5¢ | 20.0¢ | $24.50K | 113.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 54403 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 50429 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 54403 | 0.205 |
5 | 41825 | 0.200 |
1 | 20000 | 0.190 |
2 | 24000 | 0.180 |
1 | 30000 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 50429 | 1 |
0.230 | 13000 | 1 |
0.240 | 21964 | 2 |
0.250 | 11720 | 1 |
0.265 | 22590 | 1 |
Last trade - 15.30pm 31/10/2024 (20 minute delay) ? |
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QHL (ASX) Chart |