QFX NEC

Ann: Nine Transfers Preference Shares to StreamCo Media Pty Ltd, page-53

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shakes23

1,957 Posts.

29/08/14

16:39

Post #: 13896245
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Originally posted by makattack ↑

Come on gyro, this is a great pump. An announcement, not even marked price sensitive and rightly so, induces a volume of 58mill and a price increase from 1.1c to 1.6c. Then gets sold back down to 1.2c and closes at 1.3c. Announcement made AFTER acceptances for placement closes. Why? So that shares can be issued at 1c and volume created so that when shares go live on Monday, there's a market to sell into for at least a 10/20/30% profit.

There was nothing material in that announcement. Shares moved from Channel 9 to Channel 9s Streamco venture. Same reason, to block a potential competitor takeover if need be and first dibs at content if QFX is ever liquidated. Still remains to be seen whether Ch 9 decide to take over, but claims of 3c a share are plainly ridiculous. Now over 1.5bill shares, they're not going to pay $30mill.

I do commend you though gyro, you have your placement at 1c and you should be able to make a tidy profit on your trade. Both of us have won out of our QFX trades and that's what the sharemarket is all about, making money. Can't say the same for some of the poor long-termers unfortunately although hopefully they can claw some or all back.

Have decided to discuss QFX no more than once every few days at most. As mentioned spent far too much time going around in circles with die-hard QFX only followers and have addressed that issue now

Good luck to you and everyone trying to make a quid. Have a great weekend.

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i hate goodbyes!

NEC Price at posting: $2.06 Sentiment: None Disclosure: Not Held

QFX Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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Ann: Nine Transfers Preference Shares to StreamCo Media Pty Ltd, page-53

Top Stories

Sales growth pushes Lovisa's fortunes (and shares) upwards

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Scientific conference spotlights PYC's work on blindness disease treatment

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse