Quartix Tech Share Price (QTX)

Results are out and so some recently appointed directors must be chomping to buy a good chunk at this price surely? or not. Follow their money.

Show of confidence Andy Walters 356000 pounds worth

Join us at the ShareSoc Growth Company #Seminar in London on 28/02/24. Register here: https://bit.ly/3NH0NEC Companies presenting: Quartix Technologies plc (QTX), Itaconix PLC (ITX) and Eden Research PLC (EDEN).

This seminar consists of a 25-minute presentation by each company followed by 15 minutes of questions and answers. Companies presenting are interesting growth companies of small/medium cap size. Attendees will have the opportunity to talk directly to the directors of the presenting companies. This is also a great opportunity to socialise with your fellow investors and discuss these and other investment opportunities.

I looked into this one given the large share price drop & return of the founder. Clearly misfired on the German acquisition. Dividend also under pressure given drop in cash reserves.Frankly on a dcf basis, assuming modest core revenue growth & only a slight improvement in operating margin, then it’s not hard to mark the share around £1.40. What’s likely to provide a real tailwind ?

25,578 shares at 183p bought by Dan Mendis (COO) on 9 Nov 23, according to IC