QPP Stream Log

double bum at 132

dismal

I don't think there is anything fundamentally wrong with the business, other than a management team that is addicted to spinning a Panglosian view of the world. Terry cannot admit that not everything is perfect, so he pretends everything is brilliant- when it clearly isn't. Most of his obfuscations and misleading statements are juvenile (hitting top of market estimates, when downgrading the estimates at the same time, silly accounting practices when the business was in its infancy) but they create an impression of a business which- to the institutional investor- is just not investible. The price is on its knees not just because of shorters, but because institutions do not trust the management. If Terry would grow up, stop bleating, communicate properly, tell the truth, and explain the numbers straightforwardly rather than spinning everything, the price would be a lot, lot higher.

Met with one of the institutional holders this morning (not Fidelity), in their own words they are "spitting tacks". "Why does RT continue to (m)uck things up? What should have been a positive statement was damaged by him downgrading the revenue forecast, and then pretending they were now going to be at the top of the range? No credible reason given for the downgrade- just the normal spin and bluster. And what really pisses him (and me) off is there was enough positive news to have given a straightforward, honest update- revenue down a bit, but fundamentals good, to have seen a positive reaction. As it is Terry continues to act the clown and undermines his own rapidly-diminishing credibility. QPP has the makings of being a tremendously successful business- despite Terry and his questionable accounting and acquisitions- but the Board needs to get a grip.

oops

170 broken. up to 180

going back higher

Buoyant qppers ... good to see. Like a rare Quetzel!

Bet qpp wishes it had as many red flags as the Hong Kong protesters. ie zero. Nice leak of info by the bod to their bezzy city mates. Hope the data is genuine with zippo surprises.Bring on the subsid accounts! Lol.

Mungo83 - it can happen if the share goes in to auction.