QFX 0.00% 0.1¢ quickflix limited

Ann: Quarterly Update and Appendix 4C June 2014, page-45

  1. 34,916 Posts.
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    Ahh good to be back from holidays. Now a non-holder as my conditional sell was triggered. Very happy obtaining a nice profit cosnidering the share price was grovelling around .8c not that long ago.

    Parting comment, the quarterly was very disappointing. You have to be concerned about the significant reduced number of trialists (compared to the previous 2 quarters) considering, in the quarter, QFX announced:

    * Streams to Huawei
    * Dick Smith Partnership
    * Streaming to Xbox 1
    * Eagle Boys Pizza Partners

    This will reflect poorly in the next quarter on new customers unless the Chromecast launch can really make a huge difference. Customer growth was minimal, the trend is changing. I really don't like their prospects from here. As the key players in the field are now jostling for prime positions, QFX will be squeezed out in ,y opinion. Will love to revisit in 6 months' time. Good luck to investors.
 
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