When I read today’s Business Times today, a few articles caught my attention.
1) Q&M dives on vendor share sale plan
I have previously written a post on the sudden surge in Q&M share prices and what appears to be a bubble forming for Q&M. (read here). So it came as no surprise that the share prices of Q&M recently dived. Now it is trading at $0.85 with a P/E of 60.71 and Enterprise Value/EBITDA of 38.99. Both values are still very high.
6 shareholders will sell a total of up to 46 million shares, or 8.18 percent of the 562.3 million shares they hold in Q&M. This was possible through the lifting of a moratorium that were previously imposed on these strategic investors to Q&M or whom have sold their business to the group and were paid in part through the shares. This is possibly ......