Nice little pop on more agency tie ups. That man Lyndsay knows his stuff.
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Nice little pop on more agency tie ups. That man Lyndsay knows his stuff.
When will the good news stop.I can't handle it.
Disgruntled RBC shareholder.
I apologise to holders. You can now expect a 10% drop in SP as I have today entered this register. Wanted to park my SML profits somewhere with high risk and potential high reward. I like QEX's story to date (still gives me exposure I want to China and agriculture) and they seem to be getting runs on the board. Inevitably when I buy a SP drops. Sorry.
QEX is high growth, low profit company. For companies like this I like to track the Market Cap. to Gross Margin Revenue ratio as a proxy for PE (which is not much help for profitless stocks). I use an estimate for forward revenue based either on company guidance or my assessment if guidance not given. On today's SP at 110c, I find that QEX has a ratio of 6.9. That compares with Xero on 32.9, Pushpay on 10.1 and Plexure on 8.5. I don't see why QEX cannot match PPH's valuation, which case the SP would be 162c. Following company guidance at the end of February, we can expect NPAT to double, producing a PE of 23.0 on today's SP, while at 162c, the PE becomes 33.9.
Well placed I'd say http://www.sharechat.co.nz/article/0...g-revives.html
Quote:
“Exports to China were the leading contributor to increases in several primary sector commodities including dairy products, beef, lamb, and forestry products,” international statistics manager Tehseen Islam said. Exports to China were up 52 percent at $1.5 billion in March.
Look who is a Director of QEX and a Director of GMP Pharmaceuticals. Look who is in a whole world of strife with GMP.
Give up? SML