New Portfoilo Addition: MTQ
By Investmoolah  •  April 9, 2018
I have bought 50,000 MTQ rights at $0.018 which can be exercised at $0.20. I intend to exercise and thus will be investing into MTQ at a price of $0.218.

Background

MTQ is a relatively unknown in the investment community due to its small cap and that it is in the O&G support industry which is now unloved. MTQ has 2 core divisions - Oilfield Engineering and Engine Systems. Due to the recent downturn in the O&G space, the company has been burning cash and making losses. My investment thesis is simple- I am buying and hoping that MTQ turnaround and becomes profitable.

Balance Sheet

MTQ has a gearing level of about 17% based on its latest quarter results. However, this will fall because of the recent rights issue of $12 million. With the rights and warrants, MTQ is likely to be able to weather the O&G ...
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By Investmoolah
A total otaku who loves anime, investing and the occasional K-drama. My financial journey begun at the age of 22 and has revolved around the concepts of "Working Hard", "Saving Well" and "Investing Wisely". Through my journey, I have realized that financial literacy is something we have learnt little during our school days but is one of the most useful and relevant skill that we have to be equipped to take on the real world. Concepts such as compounding and "common sense investing" are skills that will place us ahead of the race to retirement ...
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