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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Questair Tech | LSE:QAR | London | Ordinary Share | CA74836V2057 | COM SHS NPV (CDI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 15.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 15.00 | GBX |
Questair Tech (QAR) Share Charts1 Year Questair Tech Chart |
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1 Month Questair Tech Chart |
Intraday Questair Tech Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/8/2009 | 16:45 | New Contract Today | 57 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 13/8/2009 16:45 by cerrito These have done quite nicely are have now gone up to 70Can cent or 37pish..having just listened to the4 conference call think I will remain with them but given the cautious short term outlook price may go down somewhat |
Posted at 20/12/2008 17:23 by cerrito Have been told by Barclays that I have to either sell or set up a SIPP Foreign Dealing account with associated custody charges which has focused the mind.I think I am going to stay. The key thing is they have reduced the cash burn to $2.1m in the March/September 08 semester and forecast a $4/$5m cash burn in the FY to sept 09 which suggests they have 2 years of cash following the $9.3m of cash they had at Sept 08. In addition they had a $1m a/receivable line intact though if that is going to be there when they need it is anyone's guess. The fact that they beat their ambitious June/sept 08 revenue forecast gives them some credibility for forecasting. Their current mar cap of £1.2m/$1.8m is the same as the amount of cash they should have in March 10. I drew some comfort from the orders they announced on Dec 18 though would have drawn more if they had given information on the amounts involved. That having been said they were clear that they are no quick goals to be scored ie that hydrogen sales will be slow and the following underlines the need for patience: Quote "Our efforts to grow the biogas business, particularly the emphasis we are placing on expanding our channels to market and selling complete solutions, will not be reflected in our financial results immediately. However, we expect that substantial progress will be made in fiscal 2009 to implement our biogas-focused growth strategy, which will translate into improved financial performance in future fiscal years," unquote Anyone else in the same position?? Indeed on the basis that I stay and there may be some selling pressure from those who want out before they leave AIM which will lower the price the question is if I put more in. |
Posted at 09/5/2008 19:17 by grgkecer Dipped below the Public Offering price in Toronto, but has moved up again. |
Posted at 13/2/2008 16:29 by cerrito Conference Call HighlightsRepeated aim to get sales for the H6200 by fiscal year end ie September. They have not taken prospective clients on refinery tours until the tests are completed hopefully end of March. Seemed relaxed about working capital requirements if they do get orders given that they should be able to get ample prepayments and also that his supply chain and manufacturing plant were robust enough. Canadian Government R and D funding programme finished end of September and unlikely they will get more funds from it. A good deal of discussion on funding issues; they affirmed their revenue and cash burn guidance for the year but recognized that the position was tight, even though the cash burn the last quarter was higher because of the them working on the deals they signed up in the quarter ending September. Of course this current market hammers companies like this who are loss making and need fresh financing. Am keeping the faith but will not be buying more; hopefully they will be able to announce some H6200 orders to give the share price a fillip before the cash runs out....indeed I see that the price has dropped post conference call. |
Posted at 17/12/2007 17:57 by keyno Most grateful to you Cerrito for your trouble. Not the best of times to be holding such an AIM share admittedly but nevertheless I am not thinking of selling my modest - and I have to say currently getting more modest as time rolls by - holding. |
Posted at 13/12/2007 18:07 by cerrito Q and a highlights Conference CallCash Balance While cash burn is forecast to reduce to $8m this year partially due to lower capex (my notes tell me down to $1m) and r and d recognized that with cash balances of $8m and unused bank facilities of $2m at 907 do need to explore what they described as a range of options concerning their financing; no decisions have been taken by the Board and will be taken in quote relatively near term unquote. This is a big downer. H6200 Went live just more than a month ago and has been working very well and while they do still have people on site it is being essentially run by refinery staff. Recognized that will need for it to operate till end of march for it to have credibility to start getting major sales but a clear priority for fiscal 08 is to make the first what they term a first fully commercial sale. Sales Backlog Their aim is to convert the 907 sales backlog to invoices by 1208 with 80/85% being booked by fiscal end 908/ Those that will be recognized in 08 calendar q4 are two big orders placed in 07Q3 which will be delivered in Q3 and recognized in Q4. Would not give guidance as to anticipated future order backlog- fair enough . Methane/Hydrogen purification Felt comfortable Both going well especially helped by high gas prices. Commented that have a much more diverse product line than a few years ago. They will be putting more r and d money into bio methane. Supply Chain Clarified that generally speaking no supply chain issues apart from 6200. At the time of the last conference call had been a problem given the rapid rise of their commercial orders with internal project management teams and external suppliers but claimed this had been sorted out. ShareTrading and shareholding Confirmed that more trading on TSX than on AIM and that their impression was that European investors were tending to use TSX. Claimed they had a diversified shareholder base for the 75% of shares not held by their 2 big investors but given complexity of their story few retail investors Fuel cells As an ITM holder interested in a comment that was not expanded on that they have as I understood it won a research contract with Exxon/EMRE for hydrogen fuel generation looking first at forklifts and then fuel cells. Unfortunately they spoke rather fast and mumbled a bit. Conclusion My gut feel is that this company is going to make it but our patience will be tested especially with the need to raise cash.I will be pleasantly surprised if this time next year the price is more than 35/40 but am still holding on. |
Posted at 15/5/2007 09:48 by keyno Thanks again Cerrito for your posting. Couldn't agree with your more concerning your last para and risks involved - I am sitting on a similar share bought and topped up on years ago that sounds fine in theory but - I am still waiting for the reward! Will stick with QAR though for time being and like you will not be adding at this stage.Agree 18 months sounds OK - let's just hope they are not being too optimistic on that one. |
Posted at 12/5/2007 08:40 by cerrito Notes from the Conference CallMuch of the questioning in the conference call was on the continued delays for the H6200's and the run up in costs. Repeated that they cannot predict when installation will take place but should be at the end of may. They have assumed they will not be able to get damages from the supplier because of the mad assembly of the equipment; commented that suppliers to the oil and gas industry are in control and can decide who to business with and the relationship that Exxon has with this supplier does not cut much ice. Emphasized that there have been a lot of QAR people on the supplier's site and hence the extra expenses. Discussed the contingency established for the warranty; while it is obvious that warranty costs are more relevant for new equipment of a large scale, I did not get clarity as top why this contingency was not required a quarter ago. Discussed the quarter end $7.5b backlog- the biggest ever and how this was caused by equipment being on customer's site but not commissioned. In the Cincinnati land fill deal, QAR had done its bit but was waiting for other suppliers to deliver equipment so that all tests could be made. Generally upbeat on the methane purification market and thought that the hydrogen recovery equipment sale to a Texas petrochemical(the old equipment had come to the end of its life) was important as it set up reference points for further sales. Generally they are now bidding on bigger ticket items than they used to in the past. Overall the decline in share price was to be expected. I have no desire to add until such time as we see progress with the H6200 but I take comfort from the statement that they have cash for 18 months. On another point shews the risks in investing in green/save the planet companies as was also seen in Friday's news from Mercury Recycling where the cause was delay in implementing legislation. |
Posted at 08/2/2007 23:11 by cerrito I listened to the Conference call but did not ask a question. As I only started buying in December still getting myself up to speed.Decided that I have as many as I want for now; but as and when they get concrete news that the H6200 has been installed the shares should motor. Anticipated cash burn for this year is somewhat off putting even though they have enough cash. At the same time feel little downside risk A good deal talking about the various delays of H 6200, and indeed the thrust of the questions from Cannacord and Edison were on this.( I assume as there was an Edison analyst Edison will start to cover). This reflects the importance of H6200 for the company and also how the timetable for the installation of the prototype had slipped so much. The Houston based supplier was approved by Exxon; two issues in the delay. The first is that the whole industry is so busy and all jobs delayed and the second is company specific. Suffice it to say that both QAR and Exxon have people on site with the supplier expediting things. This delay is bringing in extra costs which Exxon will not pay for.Exxon and the refinery in Europe which will host the prototype are ready.. Should be shipped mid april and installed/commission The revenue guidance of C$9/10m and cash flow burn of $C7/8m confirmed. Comment that first quarter gross margin was lower because fewer sales of high margin engineering services and also the H 6200 prototype is being done at zero margin. Seemed confident on other lines..ie now been around for some time...getting a reputation...widening both the industries and the countries they are selling to..mentioned that apart from H6200 had excellent record in shipping on time and on budget-which is indeed a key component of the bonus setting formula. |
Posted at 19/1/2007 15:21 by keyno CerritoI agree with you re the lack of interest generally, which is partly why I have now bought in after watching this share for some time, but all good things come to s/he who waits - sometimes! According to QAR's website it is the CEO who is the Rhodes Scholar. |
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