The facts are that the majority of negative posters on this forum hate Quiktrak because they are short term traders or daytraders. Whilst i used to see QTK in this light it is obvious that it now has to be viewed as a long term investment.
Blaster, whom i hold in quite high esteem mentioned in a previous post that the Australian operations "might" post an annual profit of $1 million. Well i would like to point out that they in fact came close to making a $1 million profit in the recent half yearly and that was only in monitoring fees from their existing client base. At that point in time, and in fact until 19/1/2006 they had no new stock to sell. So the remark that they "might" make an annual profit of $1 million from their Australian operations is clearly showing a lack of understanding of the company. The recent company update provided an insight into the gross profit sales of transponders within Australia will generate, 20k sales will equate to a gross profit within Australia of $12 million.
What about when they list on the Hong Kong exchange and the asian gamblers get wind that this company is rolling out a national network across China. What do you think that will do to the shareprice?
The facts are that QTK is currently very attractively priced on fundamentals alone. I once remember when SLX had a market cap of around $40 million and they had $40 million cash in the bank at that stage. There is a saying that "the market is rarely wrong". Well i have seen plenty of evidence that "the market is often not rational". Whilst SLX had cash, they still to this day do not earn a cent from anywhere other than bank interest and their market cap is now around $500 million. At least QTK have earnings and their product is proven.
Sentiment will change for QTK and unlike the posters on here that have a very short term vision, i am not interested in a few grand here and there anymore, i am now anticipating a six figure profit from QTK when i sell at some point in the next 12-18 months and having held for so long the reduction in capital gains tax is going to be a big consolation for the current pain.
The above comments are my own personal views. Time may well and truely prove me to have egg on my face!
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