Worst mistake I ever made in my trading was selling NEA at 50c. They were expanding into the US and there was doubt as to whether they would ever be cashflow positive over there.
QFE is pulling out the exact same strategy and the potential is enormous. Personally I don't like the remuneration packages for their sales reps in US, too Australian, cut the base and up the commissions. Then you can hire more reps even faster, which they need to do. You want exponential sales growth, need more soldiers on the street.
One poster mentioned how their medical practice would benefit from Quickfee. Imo this is a huge sector in the US that QFE would be perfect for. They seem to be focused on Accounting & Legal firms, worth asking on the 27th if they have plans to target the health sector in future.
If Australian sales are X (and still growing), US base potential should be around 10-12X?
Worst mistake I ever made in my trading was selling NEA at 50c....
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Last
8.1¢ |
Change
-0.008(8.99%) |
Mkt cap ! $22.28M | |||
| Open | High | Low | Value | Volume |
| 8.7¢ | 8.7¢ | 8.1¢ | $12.98K | 152.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14615 | 8.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.5¢ | 52015 | 1 |
View Market Depth
| Last trade - 12.55pm 03/05/2024 (20 minute delay) ? |
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Last
8.0¢ |
Change
-0.008 ( 8.05 %) |
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| Open | High | Low | Volume | ||
| 8.1¢ | 8.1¢ | 8.0¢ | 18852 | ||
| Last updated 12.55pm 03/05/2024 ? | |||||
| QFE (ASX) Chart |