RE:Good things potentially aheadFurther to these improved financials listed on the chart I posted; I can report on a number of other positive situations/events going on at Questor Tech:
1. Apparently rental income keeps improving, although only gradually. However, a great positive sign. Remember, they still have a very large surplus rental fleet in great condition with a long-life span left.
2. They are still working on improving their global sales position, with much greater efforts than previously done. Waiting on a number of larger international orders to close. Not sure when or what period they will all be reported in but definitely sooner rather than later now. And the amount of these orders collectively will really bump up QST’s total annual sales substantially.
3. They are planning on selling some of their rental fleet units off, which would produce a larger than normal profit for any reporting period. This would also create an improved balance sheet as these units have been highly depreciated already and require very little refurbishment, yet selling at a decent higher price.
4. I further believe they have completed the hiring process for many key jobs previously listed on their website. I hope they have finally got the right kind of people in these positions to get the job done properly this time.
5. They still retain a large amount of cash (over $12 million) to be used for many of these above listed projects and their normal business operations. This cash represents a larger portion of their current stock price than most other comparable companies, giving almost no value to their current and future operations! This is not correct and presents a unique buying opportunity, in my opinion.
6. They have finally updated their website with a better overall corporate presentation. It is long but showcases every aspect of their overall business and is presented in great detail with many accompanying numbers and facts. Have a look, you just might be more impressed than before or normal, as I was. Link listed below.
https://www.questortech.com/wp-content/uploads/2023/12/Questor-Technology-Overview-12-16.pdf
7. The only current negative (except until they start reporting improved sales and profits) is they are currently classed and judged in a “cleantech technology O & G related” category. And we all have seen many of these types of companies take a big blow on the chin over the past few years. However, I think the tide may be changing for a few stocks in these areas, Questor Tech being one of them.
So overall, my opinion has definitely changed upward to reflect this new QST operation, now with much greater potential future overall sales and earnings. Now, if they can just properly execute on all these positive directions this time, we could see a big improvement in Questor Technology stock during 2024 and beyond. This is my own opinion based on the limited information and facts I have obtained. Good luck to current and future shareholders. I will continue to hold my large position and now may even add to it given this new information and current super low stock price.
Angles