You're not wrong, the stock has already fallen significantly and is traded around the NTA per share. But the financial health of the company looks poor with lots of debt (180% of equity). Regardless of how attractive the defense industry is at the moment, to me that debt level is a major red flag, especially for a company that does not show continuous strong profit growth. Just my opinion, DYOR.
Hope QHL turns things around, they are doing some cool stuff with their composte materials. Good luck to holders.
(ASX:QHL) CEO May Expect Their Salary To Be Put Under The Microscope, page-10
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $16.49M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.5¢ | $12.57K | 54.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 98317 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 29202 | 1 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| QHL (ASX) Chart |