Feeds

QXL in talks with ‘prospective buyers’

Breaking news from Breaking Views

  • alert
  • submit to reddit

Internet Security Threat Report 2014

QXL, Europe's biggest auction site, is in talks with prospective "strategic investors", according to financial commentary outfit Breaking Views. And Lycos Europe is named as the most likely buyer.

Noting the volatility of QXL's share price, Breaking Views columnist Edward Chancellor says the company has become a "daytrader's plaything". The share price has been depressed shortselling ahead of a massive influx of QXL shares next month, with the end of the lock up period for pre-IPO investors and a new share issue to pay for the acquisition of German rival Ricardo.

QXL's market cap is now £50 million, compared with a value of £3 billion at the height of the dotcom bubble. And the money will run out before the it reaches profitability, Chancellor argues.

The company's current cash burn rate, reduced but still
£15 million per month, will see it through for another 12 months only, he says. ®

Related Link

You can read Chancellor's analysis in full at Breaking Views.

Providing a secure and efficient Helpdesk

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.