Apq Global Share Discussion Threads

[roughandtumbleone] 12/4/2024 15:29

Will be interesting to see Aprils book value and whether, as some have stated, the increase is to continue.I anticipate this will land mid week in line with previous monthly announcements

[davebowler] 03/4/2024 16:49

What about APQ1 due to redeem at the end of 2024?

[davebowler] 03/4/2024 16:48

22 March 2024


RNS
APQ Global Limited

("APQ Global" or the "Company")



Book value report

APQ Global is a company incorporated in Guernsey (company registration number
62008) which is listed on The International Stock Exchange and admitted to
trading on AIM.

The Company hereby announces that as at the close of business on 29(th)
February 2024, the unaudited book value per Ordinary Share was 30.20 US Dollar
cents, equivalent to 23.87 Pounds Sterling pence.

The increase in book value reflects the unaudited third-party revaluation of
the Company's private investments, notably a significant increase in the
valuation of the Company's investment in Delphos International Ltd.

[roughandtumbleone] 03/4/2024 16:08

Current trading in 2024 continues to be strong, and its management team expects the business to exhibit further significant year on year growth in revenue and profits, with an attractive pipeline of transaction mandates under way· The unaudited third-party valuation of APQ's investments in Parish Group and Delphos Canada also increased over the period to 31 December 2023, and the Board believes the outlook for these and APQ's other unlisted portfolio companies remains favourable for the remainder of 2024.

[roughandtumbleone] 03/4/2024 08:18

I bet those muppets that purchased at 12p and sold at 3p with 15 mins are kicking themselves now!! Great update and currently trading at 2/3 of book value and they've clearly stated they expect the NAV to increase significantly!

[roughandtumbleone] 28/3/2024 12:39

I would love to know what these ridiculously small trades are - surely people aren't expecting to make any money buying 400 shares for 20 GBP plus their cost of say 11.99For those interested I have emailed APG and not just investor relations but also Bart asking questions regarding Delphos Int and some intrinsic value adding points.Will update with any response.

[roughandtumbleone] 27/3/2024 10:04

We'll have spent some time researching Delphos International Ltd to understand the background to the significant book value rise which APQ is now valued at a discounted rate of 79 percent to net value and APQ has a rise of 477 percent from 0.05 to 0.2387 to be valued at asset value net of all liabilities.I've also looked into Bart Turtelboom and he's no slouch, that's for sure. I'm amazed nobody isnt knocking on that door from a financial investment house wanting a stake... with only 77m of which Bart owns 28 percent, the lightest decent buying pressure is likely to see this significant value gap close in my opinion.https://delphos.co/services/capital-raising/

[roughandtumbleone] 25/3/2024 07:32

So just to clarify78,559,983 shares in issue with a book value (net assets value after all liabilities have been taken into account) gives a valuation of just under 19m GBPCurrent market cap is just under 4m GBP at a mid price of 5p ps.That's one massive disconnect between value and market cap.

[roughandtumbleone] 22/3/2024 14:48

10420 and 4720 weren't so clever... why buy at 10p and sell 2/3 less and wipe out your capital??The stock is hugely undervalued VS book value so at some point those buying at 10p could easily have doubled their money.Madness that people think it's intelligent to lose their capital.

[bozzy_s] 22/3/2024 14:42

Well done to the one person who made money on this today. Mr/Mrs 24968! One of three early birds on the ball. But the other two failed to sell when in profit. D'oh!

[roughandtumbleone] 22/3/2024 12:53

Bensdad.The book value VS the market cap is unbelievable and with just 76m shares as you say is very illiquid - that said it also will move very quickly - the spread as you say is madness but the MC VS book value has a huge gap to close.Anyone else any thoughts?

[bensdad2] 22/3/2024 11:35

If the chance arises to buy in at about 3 p, I will go for that.

[bensdad2] 22/3/2024 11:34

The spread is ridiculous, I agree. Plus, one can see that this share is completely illiquid. So beware all who jump in today, it may be almost impossible to get back out again.That said, a really interesting special situation. I know nothing about the company or the investee business, whose value is now said to be massively increased - way beyond the value of the whole PLC.

[mally6] 22/3/2024 10:49

Some buying at 12p others selling at 3p 3 bagger for mms

[davebowler] 03/4/2023 08:34

Singer -
Note that APQ announced a tender for up to 100% of the 3.5% CULS this morning, but at £2500, a 50% discount to nominal value of £5000 and 41.8% discount to the (albeit very illiquid) market bid price of £4300. The latest date for receipt of tender forms in 19th April.



Despite the low tender price, the Company reaffirm in the Circular that as things stand they still expect the Company to be able to repay the CULS in full in September 2024:



As at the date of this document, the Company has sufficient equity to repay the CULS at par at the time of maturity in September 2024, when accounting for its private, unlisted investments. When considering the outlook for the Company’s investments and expected cash inflows from its assets, including dividends and returns of capital from its investments in private companies, the Board currently expects that it will have sufficient liquid resources to repay the outstanding CULS at par on maturity.

The Circular includes the list of holdings at 28th February 2023, which shows Cash at Banks/Brokers of $12.8m plus 9 very liquid holdings amounting to $13.1m. This c$26m is more than enough to cover the tender if accepted in full, however as noted above, while it has sufficient equity (including private, unlisted investments) to repay the CULS on maturity, it is not currently fully covered by APQ’s liquid cash and investments, with reliance being placed on portfolio outlook and Board’s current expectation that it will have sufficient liquidity to repay the outstanding CULS at par on maturity



It is noted that the Directors are not making a recommendation whether CULS holders should participate in the tender.



Save for fulfilment of its ongoing nomad obligations to APQ, Singer is not acting as adviser and broker in respect of these proposals.

[masurenguy] 24/11/2020 16:44

APQ completely dispose of their residual 3.3% shareholding in CLIG.

[masurenguy] 12/11/2019 10:14

APQ Global takes a 5.5% stake in CLIG.

[aim_trader] 19/6/2018 14:43

APQ Global will be presenting to investors at the Proactive One2One Forum taking place on Tuesday 26th June. For details and registration, click here:

[davebowler] 14/9/2017 11:02

New CULS now trading at a profit - see APQ1 thread.

[sharesoc] 08/5/2017 17:27

APQ Global present at our company seminar in London on the 10th May, shareholders and potential investors may be interested in attending:

[rambutan2] 15/11/2016 09:47

In the period from Admission, the Company has achieved various milestones in the implementation of its business strategy. We are now fully invested considering our view on global economic and political developments. A brief overview of our activities follows:



And:
The Company hereby announces that as at the close of business on 31 October 2016, the unaudited book value per Ordinary Share was 101.02 pence*.

[rambutan2] 29/8/2016 02:22

APQ is an international emerging markets company with a focus on Asia, Latin America, Emerging Europe, the Middle East and Africa. APQ aims to deliver a stable and growing dividend and capital growth for shareholders by focusing on generating significant income from business opportunities with good value and long-term growth potential. The company’s activities in emerging markets are driven by APQ’s very experienced management team and are guided by the company’s core values of transparency, integrity and partnership.

CULS thread:
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