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

QIN

Click for more information

0.00%

29.5¢ quintis ltd

Ann: More than $11 million secured in accelerated sales program, page-82

First 82 Last

Share
Profile

Follow
swerdna1979

1,531 Posts.

61

03/07/17

12:17

Post #: 25628358
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

And even among the financially illiterate, I just don't understand why would anyone trust this company.

Many more credible and enticing investments available on the ASX.

QIN Price at posting: 29.5¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

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

There are more pages in this discussion • 68 more messages in this thread...

First 82 Last

Add QIN (ASX) to my watchlist