I am already invested in Quickstep, a small amount.
However, I am looking to up my stake substantially. However, to invest a substantial stake, there has to be more certainty from the company, micro + maco factors too. The entry price would be determined when I see changes in the company, contracts, management, government grants, technology, etc.
I personally think that QHL with the stable contracts on hand, a Fair Value would somewhat 10cents. (yes), and it presents terrific buying opportunity, risk-reward. But, with the lack of new substantial contracts or institutional investors, I believe the company can reach a low of 0.03s. Plenty of negative sentiment, and that does not help the company, nor do false promises and up-ramping.
I look for a long term investment, where additional value can be unlocked, through contracts, consolidation in the industry, or yield from dividends. None of those are a certainty, or seem to have a substantial probability/possibility now. Time would only tell.
As the saying goes, don't catch a falling knife. People have different ability to stomach risks, but for me, why pay a premium when I so strongly believe it would drift lower. Unless a breakout occurs, be it internal from the company, or traders doing technical trades (meme stocks) etc, all I can say is i'm waiting.
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Last
28.0¢ |
Change
-0.040(12.5%) |
Mkt cap ! $20.08M |
Open | High | Low | Value | Volume |
31.0¢ | 31.0¢ | 26.5¢ | $71.72K | 252.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18291 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 16850 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 18292 | 0.280 |
1 | 35090 | 0.275 |
1 | 11000 | 0.270 |
1 | 15807 | 0.265 |
5 | 50588 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 7650 | 1 |
0.295 | 16850 | 1 |
0.310 | 8413 | 1 |
0.320 | 13336 | 2 |
0.340 | 17750 | 1 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
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QHL (ASX) Chart |
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