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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| EQ Grp | EQI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 70.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 70.00 | 70.00 |
| Top Posts |
|---|
Posted at 23/8/2000 18:14 by cvern Originally posted by me on iii EQI BB:Some of you might find it helpful: Further research; Mark Watson-Mitchell writing for UK Invest 27th June 2000: Yesterday I had lunch with Bob Bond, the boss of a recently floated AIM stock called e-quisitor (EQI). The company aims to identify, acquire and develop businesses that are, or will become, the lifeblood of the Internet economy. It does not buy stakes; it takes controlling equity positions. Its strategy is to create a collaborative network of market-leading businesses that will leverage the experience of the e-quisitor board, develop strategic partnerships and share ideas and expertise. As part of GWB, corporate developers for over 10 years, e-quisitor has access to a team of dedicated corporate finance professionals with a proven track record of identifying and completing acquisitions in the UK and US. To date, this has led to advanced discussions with a number of very exciting, profitable businesses. Bond and his team have already identified a number of exciting potential acquisition opportunities. Common characteristics of these businesses are that they are profitable, Internet-related and investing significant amounts in developing new generations of products and/or services. In common with the GWB model that has resulted in the creation of five successful quoted groups in the last five years, e-quisitor intends to group together complementary businesses and help them grow organically and through acquisitions. By applying strict acquisition criteria to target businesses, Bond believes that even if market sentiment towards the Internet sector weakens and tech prices fall, e-quisitor will have a resilience to such changes in sentiment. Its attractive portfolio of strong businesses will see to that. Acquisitions will be financed using a combination of cash, equity and bank debt whenever possible. Part of the purchase price for each acquisition will take the form of deferred consideration, depending on the business achieving agreed profit targets levels in the post-acquisition period. Owner-managers will be encouraged to remain with their businesses following acquisition. The company takes the view that entrepreneurs who have developed innovative, successful growing businesses are likely to be the best people to continue to develop and grow the business. I like the basic model of this company and Bob Bond, although only 31 years old, looks as though he will be able to manage its rapid growth. The company's shares, which are now trading at just 111p, should double within the next year as the initial acquisitions, yet to be made, kick into gear. Follow the recent lead of the company's own directors and buy the shares now. My Note: There is very little liquidity in these shares so they are volatile. A single purchase can move them 10 points both up and down. However, at the moment their graph looks positive and upward.... Up 24% to 210/225 on a volume of only 15510 Why? Perhaps an announcement is to be made soon? I bought in today. Risky. Please do your own research. Earlier research: This article from The Street 27th April 2000 gives interesting background to this little known company: Gartland Whalley & Barker (GWB:LSE) , the corporate developer run by former FKI (FKI:LSE) director Tony Gartland, signalled no let-up in its efforts to find new investment targets today, despite its own move off the Alternative Investment Market. The company today revealed plans to float an Internet investing subsidiary, e-quisitor, on AIM next month. E-quisitor shares will be priced at 100p each, giving the company a market capitalisation of about £3.5 million. The company will buy controlling interests in Internet-related businesses. GWB said it had been looking at between six and 10 companies a month with a view to taking a stake, and several of them are now lined up as early e-quisitor targets. GWB said e-quisitor will offer an alternative to the large number of recent incubator launches - it is looking for companies that are at a more advanced stage of development, mainly those that are already making substantial profits with strong margins. "We think there is considerable benefit, both for these businesses and for the owner managers who have built them up, in bringing them together to form a larger group and unlock the potential within such businesses," a spokeswoman said. GWB specialises in building small groups of related companies and then building them up for either a trade sale or flotation. GWB subsidiaries include human resources specialists Quantica (QTA:LSE) and household products group Aquarius (AQG:LSE) . The group says that tough market conditions and negative attitudes towards smaller companies have hit it hard over the past 12-18 months, however. Last year it revised its business model and declared that flotations would not necessarily be the preferred exit route for its subsidiary groupings. More recently it unveiled plans to move off AIM, declaring that it was likely to receive a better reception on Nasdaq. The company wanted to emulate the success enjoyed by corporate developers in the US, citing the example of giant Kohlberg Kravis Roberts, as an example it would like to emulate. To date the Yorkshire-based corporate developer has struggled to win over British investors in anything like the same way. With GWB's business growing fast in the US a move onto Nasdaq makes "good sense", according to director James Barker. Barker said the move, subject to shareholder at a meeting next week, will not happen immediately. "We want to see blue water between our delisting at the current price and a float on Nasdaq at a higher level," he said. E-Quisitor was floated 18th May 2000 and currently has a Market Cap of 6.12m According to Mark Watson-Mitchell writing for UK-Invest 22nd August: Active investors who bought into the shares of E-quisitor (EQI) when I highlighted its potential a couple of months ago must be very pleased. But I would suggest you should not be in a rush to sell out just yet. They could really fly in due course, just one or two good deals could see them hit 300p then even 500p each. But be careful. |
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