QHL 2.13% 23.0¢ quickstep holdings limited

The half year is likely to be a good one, so I am bemused why...

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    The half year is likely to be a good one, so I am bemused why some are selling off.

    From the Investment update document in November

    15 November 2022: Quickstep Holdings Ltd (ASX: QHL) (Quickstep or the Company) is pleased to provide an
    investor presentation covering business updates, FY23 outlook, growth plans and US expansion strategy.
    FY23 forecast highlights include:
    • Revenue $100 million (94% contracted), up >15% yoy
    • >80% of revenue growth coming from new lines of business
    • Record order backlog of ~$200 million
    • Underlying EBITDA of $6.5 million, up >35% yoy
    • Underlying PBT improvement over FY22
    • Continued investment in growth across the group

    Refresh your memories form the Investor update announcements Nov 15 2022

    Clearly, the company is re-investing its profit from the core Aerostructures business into 2 new growth businesses - Aftermarket and Applied Composites
    I seriously cannot see why the SP is sliding. There are a lot of other companies far worse off than QHL
    When they do release the half year give it a bit of punch and investors will come


 
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23.0¢
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