QTM has consolidated nicely at these levels after a post profit announcement sell down and there has even been some resilience on days when the market is down.
What will the company do with the 30 million dollar post tax profit? Full year report due next week and the buy side is building slightly. Good time to get set? IMO it is a great time. With a recovering construction/housing sector in Australia, a focus on greener products and the presence in Sth Africa and Chinese markets the forecast can only be good for the coming year one would think. Maybe they will use some profit for a share buy back or promise some dividends for this year.
Good luck to all holders.
consolidation and full year report
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