I was surprised when I looked into QTG.I was attracted to the price and recent announcements.It is not for the faint hearted however I came accross positives and negatives. QTG is in the security hardware business.they have a turnover of 40 odd million.In the last year they made a purchase of the API locksmiths business.This purchase has caused the company some heart ache.Cash flow has been put under pressure however the recent cash flow was actually affected by an increase in sales which is actually positive in one sense.I was also encouraged by the substantial holders Cherryoak/Cornish and Helmsman.I looked at these holders as a positive for the future of the company.I am looking at a turnaround situation here.But DYOR and don't take my advise.
QTG Price at posting:
1.8¢ Sentiment: None Disclosure: Held