QAD quadrant iridium limited

re: announcement out - strong growth Good pick up Nowhere man I...

  1. 365 Posts.
    re: announcement out - strong growth Good pick up Nowhere man I like others didnt read in the bit about cash flow positive.

    This changes my view totally on the progress to date.

    If they can make cash whilst the revenue is so early in its cycle you'd have to argue the profit as a % of revenue should grow dramaticallyfrom now on .I base this view on the greatest cost in providing the product comes from the base not on minutes generated.

    As far as people stuck in the stock I agree thats cr--,the stock has been between 3.5 and 5.3 for nearly a year,if anyone wanted to get out they can easily.

    I know I nearly bailed out a month ago when it re tested 4c.

    The fact that volume is picking up above 4c and it 'seems' to be edging up is a sign in my opinion the sellers are running out of stock .

    One negative b4 I top up my personal holding is that I want to see it hold 4.7.If it can do that I feel it has broken the resistance and rwady for a sharp break out number.

    I do feel the 4c support line is now strong again giving me confidence my current holding has a greater upside than downside risk at these levels.

    Time will tell whether it stays where it, is breaks up or in fact defies my logic and falls below 4 again.

    Like all specs understand the risk and dont take my advice as Im no broker.
 
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