QFXReady to push towards 2cQuickflix is an "Australian version...

  1. 8horse
    34,338 Posts.
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    23/10/13
    09:55
    Post #: 12474329
    QFX

    Ready to push towards 2c

    Quickflix is an "Australian version of Netflix".
    HBO invested in $10m in QFX via subscribing preference shares @12c in March 2012.

    QFX has already spent over $42m on setting up the DVD rental and online streaming business.

    Post right issue:

    Cash on hand: $5.6m
    Market cap: $15m

    Netflix:
    Market cap: $20b

    Quickflix down from 15c to 1.2c, then bounced back to 4.2c within 3 weeks. History could repeat.
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