It was good to see the company providing more information than what is required in the Appendix 4C. My verdict: Wait to see the next half year report to check the earnings per share growth. Or perhaps the next full year report. More information may be provided at next month's annual general meeting.
Some relevant information and quotes from the Appendix 4C
"HSBC was selected by Quantum as its global business banking partner. We have now executed agreement for a $5 Million working capital/trade-finance facility to support further growth of our business throughout Asia."
"Receipts from customers increased 9.6% over the September 2019 quarter (September 2020 quarter of $17,044,000 and September 2019 quarter of $15,557,000). "
Cash and cash equivalents has increased from $8 764 000 to $9 071 000.
$1 185 000 of borrowings repaid during the quarter.
QTM Price at posting:
5.2¢ Sentiment: None Disclosure: Not Held
