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An update from QuickFee Ltd. ( (AU:QFE) ) is now available.
QuickFee Limited has issued 2.7 million fully paid ordinary shares to directors and employees following the conversion of performance rights under its Performance Rights and Options Plan. The shares were issued at no cash consideration, do not raise new capital for the company, and are immediately tradeable under an exemption from disclosure provisions in the Corporations Act.
The company confirmed it remains compliant with its financial reporting and continuous disclosure obligations and stated there is no undisclosed price-sensitive information related to this share issue. The move effectively increases QuickFee’s free float and aligns staff and director incentives with shareholders without diluting value through a capital-raising event.
The most recent analyst rating on (AU:QFE) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on QuickFee Ltd. stock, see the AU:QFE Stock Forecast page.
More about QuickFee Ltd.
QuickFee Limited is a market leader in the high-margin B2B fee-funding industry, serving accounting and legal professionals across Australia and the United States. Founded in 2009, it provides flexible financing and secure online payment options that help professional service firms get paid upfront while allowing their clients to pay over time, underpinned by a mature Australian business and a growing U.S. presence.
Average Trading Volume: 529,334
Technical Sentiment Signal: Buy
Current Market Cap: A$30.45M
Learn more about QFE stock on TipRanks’ Stock Analysis page.