wow.... certainly didn't expect to see this materialise so soon!
proves once and for all the value QFX have built in their infrastructure and device network and management's strategy to be "device agnostic".
seems to be a prudent move by nine... good luck to them. based on their projected investment of $60m and 3 to 4 years to build it to profitability, it appears at an outright acquisition of QFX could get them there a whole lot sooner. in the meantime, they can sit back and watch it play out.
and as I've said before... currently a huge void to be exploited in the Aussie market with a lack of suitable OTT content providers. first-mover advantage in the streaming space is a massive head-start over any current (and future) competition.
looking forward to the quarterly... further growth momentum could bring QFX into serious play... and potentially a lot faster than we expect!
cant wait!
anyone out there still standing by their claims... "why would anyone want to buy QFX"?
NEC Price at posting:
$2.13 Sentiment: None Disclosure: Not Held
QFX Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
