Australia's largest stock trading and investment forum Australia's #1 stock forum

QIN

Click for more information

0.00%

29.5¢ quintis ltd

Looks like the shorters cupboard is bare. Onwards from here.

First 56 Last

Share
Profile

Follow
dartboard

3,321 Posts.

17

03/07/17

09:48

Post #: 25623162
Share

Originally posted by hottuna ↑

so much financial illiteracy. They've sold $11m of product to a customer with which they had a binding offtake at a 33% discount to the terms of that offtake.
View attachment 631629

Repeat, Young living had a binding offtake to take 1200kg of EISO every year at US$4500/kg. All they've done is bring forward that commitment at a monstrous discount. That means they won't be buying any in the next couple of years because they've got a fully stocked inventory.

Now as recently as 6th June:
View attachment 631608
QIN said they'd be selling just $25-35m of product including spicatum. It seems the only way they could meet this guidance was by discounting product they'd already sold in FY18-19, they haven't found a new chinese customer and this confirms there isn't a market for their product at the prices they claim.

I've generally come to accept that the levels of financial literacy on here are absolutely terrible, but people claiming that this is somehow "good news" is a new low - it's awful news for QIN.

Expand

Looks like the shorters cupboard is bare.

Onwards from here.

QIN Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Finance school vs reality: What they don't teach you about the stock market

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

There are more pages in this discussion • 94 more messages in this thread...

First 56 Last

Add QIN (ASX) to my watchlist