||EPS - Basic
||Market Cap (m)
|Technology Hardware & Equipment
|Quartix Hlds Daily Update: Quartix Hlds is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker QTX. The last closing price for Quartix Hlds was 310p.|
Quartix Hlds has a 4 week average price of 309.38p and a 12 week average price of 312.63p.
The 1 year high share price is 467.50p while the 1 year low share price is currently 262.50p.
There are currently 47,345,954 shares in issue and the average daily traded volume is 13,380 shares. The market capitalisation of Quartix Hlds is £153,874,350.50.
|michaelmouse: "no question QTX is very expensive, along with a number of other high quality growth stocks across a range of industries. However that's not a reason to sell for me....."
It depends on your time horizon, and the rate at which the company is growing.
Imo the rate of growth is way too low at QTX to justify the heady p/e ratio both historic and forward. The dividend payment is less than 2% at this price and isn't even adequately covered by earnings (less than twice).
Investors are paying far too much for growth at the moment. In a different sector BOO is also an excellent example of investors believing that the share price can continue to infinity and beyond. The p/e ratio is far too high for the rate of growth imo.
A headline in today's FT reads:-
"Clothes buying starts to fall out of fashion"
It's worth a read. Apologies for OT with the BOO example.|
|hydrus: Good luck if you do - it's a very different board from when I first invested in TRAK but then again, it's share price was 32p then and no one was interested. Much more risk involved now but also some interesting contracts.|
|martywidget: Quartix Holdings PLC Final ResultsQuartix Holdings PLC - QTX
Cash for shareholders, not acquisitions – Quartix MD
Andy Walters, managing director of Quartix (LON:QTX) says the vehicle tracking and fleet management specialist remains committed to returning cash to investors.
When the company listed on AIM in November 2014 it promised to distribute 50% of free cash flow before capex to shareholders as a dividend. Walters says this actually led to a build up in cash hence the supplementary dividend policy which will see the distribution of the rest of the cash that has accumulated on the balance sheet.
Cash isn't being reserved for acquisitions which are not on the 15-year-old company’s radar, with a preference of funding organic growth out of profit and loss.
|martywidget: Quartix Holdings PLC Trading Statement
Quartix Hlds share price data is direct from the London Stock Exchange