There are a couple of issues at play. First off, finding a buyer for QHL as a whole is tricky.
Margins are very low and it bounces around break-even. This means a new player would need to either have a swag of good work it could put in or a lot of experience in a technology field which has a small gene pool.
Second problem is that there are no real private equity buyers that would fit the bill due to the LM/NG contract which by default needs to be done in Australia due to off-set requirements and being a strong partner to the US. With the cost of employing people in Australia, this is always going to be a challenge.
To get work using the Quickstep process really needs a solid and steady spend on R and D and in particular D relevant to a specific project. It's not a matter of dropping a file into a CNC machine in Delhi and making crankshafts for Detroit.
With a market cap of $25m the real issue is buyers on ASX are just not interested. Now if you could change the US$ vs AU$ and get a win on the exchange rate that would help a little, but even then a lot of materials are bought in US$.
Sorry if I sound negative, I'm not trying to be as I would love this to be flying.
- Forums
- ASX - By Stock
- QHL
- News: QHL Quickstep Says Agreed Terms With Lockheed Martin Corporation For 5-Year Follow-On...
News: QHL Quickstep Says Agreed Terms With Lockheed Martin Corporation For 5-Year Follow-On..., page-13
-
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QHL (ASX) to my watchlist
|
|||||
Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $16.13M |
Open | High | Low | Value | Volume |
23.0¢ | 23.0¢ | 21.5¢ | $30.79K | 139.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 21958 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.0¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 21958 | 0.220 |
2 | 7144 | 0.210 |
4 | 193250 | 0.200 |
2 | 22001 | 0.195 |
1 | 3000 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 20000 | 1 |
0.255 | 3000 | 1 |
0.260 | 10000 | 1 |
0.265 | 21000 | 1 |
0.270 | 26000 | 1 |
Last trade - 15.21pm 06/09/2024 (20 minute delay) ? |
Featured News
QHL (ASX) Chart |