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Frank Wilson wants to be involved in managing the schemes he established. Photo: Attila Csaszar

Investors focus on Quintis projects

The demise of Quintis has wiped out the value of shares in the ASX-listed company but there likely remains a lot of value in the group’s 16 sandalwood projects.

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Comments

Merriwa
With Quintis delivered skillferly into the hands of receivers by a board of directors who had little or no shares in Quintis and therefore no motivation to work for the survival of the company. Rather they set about preparing a large redundancy package for the last nine months. As for myself and no doubt many fellow shareholders are in the que at Centrelink. In my view the Quintis insolvency was certainly avoidable and still would be if greed were nonexistent.

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Quintis (QIN)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Share Transactions

23/03/17
$59k Bought
19/12/16
$0 Issued
02/09/16
$100k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

40th↓Quintis$97.4m
45th↑Valmec$72.9m
47th↑Euroz$70.7m
49th↑Pioneer Credit$56.3m
50th↑Cirrus Networks$55.3m
239 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Quintis

91stAlistair Stevens$769k
thIan Thompson$441k
317thDalton Gooding$293k
Ranked by total remuneration from all listed WA companies

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