QHL 22.2% 27.5¢ quickstep holdings limited

2020 figures:80% ALL revenue from 2 American Companies,...

  1. 230 Posts.
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    2020 figures:
    80% ALL revenue from 2 American Companies, NorthCorp Grumman, Lockheed Martin Aeronautics.
    ~75% of ALL revenue from the Joint Strike Fighter (F-35)----> revenue from JSF should reduce soon, as nearing completion and QHL production for this contract probably up for tender very soon. Bleak future.

    Continual AUD strength, USD Weakness---> expected translation loss.

    Interest expense ~2mil. HUGE amount for our size/mkt cap. Mkt cap, approx. 35m.
    Receivables, ~7m, EXTEMELY WORRYING for delays/disputes/bankrupts
    Cash & Equivelants ~1m. Barely enough to cover in adverse, prolonged events.

    QHL Directors, and CEO, minimal exposure to Stock. CEO less than 0.5% of issued shares, whole board of directors less than 1.5% of issued shares. ZERO/MINIMAL motivation as FAT CASH-BASED-SALARY PACKAGES.

    What to expect for the future?

    Don't catch a falling knife. Better to stay on the sidelines and see what develops.

    Sharp fall in SP. Are the smart money moving out as did we lose the contract from our biggest clients? Or, our clients having cashflow/liquidity issues to make repayments?

    OR

    Is there a cap. raise on the cards soon?

    I think the above 2 are actually highly possible, loss of a major contract, which results in the need for a capital raise to pay ridiculous expenses.

    Let's wait and see.






 
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Last trade - 15.28pm 09/07/2024 (20 minute delay) ?
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