News: QMS QMS Media Confirms Fy19 EBITDA Guidance Of $56 Mln To $58 Mln, page-21

Oldnrooted (a name I should have used myself!), in answer to your query:

I'm not suggesting that the stock is a sell at these levels, but I wouldn't be buying any.

The reasons are as follows:

1. The board and top executives are paid huge amounts. In the annual report you will note that the top three executives cost the company over $2 million. A considerable proportion of this was performance bonuses. This is always a red flag. Management of public companies have a moral obligation to shareholders ahead of feathering their own nest.

2. The acquisitions are not proven winners. Have they paid too much ?

3. Historically the share price has been crunched in advance of a capital raising. Not that there is any thought of insider knowledge here - maybe it's coincidental. Nevertheless, and this is just hypothetical, if you knew that you were about to be placed shares at 75c, you'd probably be happy to sell a few higher up in advance. In my humble view, all capital raisings should be pro-rata, not a gift to the mates.

Poor old Billy has been burnt by similar stocks (mainly run by the sharks of Perth, admittedly), and this has a similar feel. I wish your son well with his investment, and hope he is rewarded down the track.