Interquest Share Discussion Threads

[tsmith2] 28/6/2016 08:52

Avoid anything in recruitment and house builders sector?

[stegrego] 27/6/2016 20:36

Any chance you can list them so we make sure we avoid?
Luckily managed to sell out here first thing this morning, so limited damage.

Chin up Paul.

[pj 1] 27/6/2016 19:31

Yes I hold WTM. :-((

Please do not waterboard me anymore!!!!!

For the avoidance of any doubt, do not hold anything I hold.

[imranawan] 27/6/2016 19:27

Sorry to hear. Do you Waterman? Massive sell off in small caps recently.

[pj 1] 27/6/2016 18:34

I missed the RNS until late afternoon by which time it was -40%

I should be immune to profit warnings by now in 2016! :-((

[imranawan] 27/6/2016 18:22

Pj1 as I said I sold out at 59p. I didn't like how they sneaked out the profit warning in the afternoon and share price has been duly hammered. I think recruiters will face sig headwinds for the time being. I also sold out of Empresaria at the open but should have sold out of Interquest to to minimise the loss. In terms of Interquest the share price is now around the 2009 lows so could well be worth hanging on for now. Depends what your thoughts are.

[pj 1] 27/6/2016 18:02

Is it worth selling up now I wonder?

[d40eq6] 27/6/2016 17:21

Odd. I met them at the end of April and they were in bullish mood. Very poor form to put out a mid afternoon profits warning. Little wonder they were completely hammered.

[bad robot] 27/6/2016 16:59

I may buy some at 2p.


Hope this helps

[imranawan] 27/6/2016 15:41

Same here dumped the lot. I sold £EMR on the bell this am for a small profit, and should have dumped this too. I think a lot more recruiters will warn on profits.

[effiert] 27/6/2016 15:31

Out of this now. Bought more TRD.

TRD (TRIAD) Materially ahead and no debt with £1m cash and £1m profits recently announced. £4m cap

[tsmith2] 27/6/2016 15:13

Materially below..ouch

[wiseacre] 27/6/2016 10:12

Well the Brexit fools have sold their country short. They only have themselves to blame and will rue the day.

[battlebus2] 14/6/2016 21:12

I suppose it's about who you want to call your friends. Dilistone reported softness with recruiters over recent weeks with less hiring, ITQ not immune I'd suggest. Still a long term divi paying share with takeover potential.

[simonh88] 14/6/2016 20:54

How about you let people make their own minds up rather lecturing us!

[wiseacre] 14/6/2016 12:56

Today's share price movement reflects fears over Brexit. Vote Brexit: vote stupidity; for isolation and poverty. Pip pip!

[effiert] 14/6/2016 12:11

o/t Paul scott mentions TRD as strikingly cheap in yesterdays Stockopedia

hxxp://www.stockopedia.com/content/small-cap-value-report-13-jun-2016-fitb-watr-egs-trd-135317/

Triad (LON:TRD)
Share price: 32.7p (up 29.4% today)
No. shares: 15.1m
Market cap: £4.9m

Results, y/e 31 Mar 2016 - a reader has asked me to have a look at these figures.

I must say, I'm impressed. This share looks very good value for a company that has just reported very good profit growth. If profits are sustainable, then I could see this share gaining another 50-100%. It's too small & illiquid for me, and I don't really want to buy anything new at the moment.

Triad seems to be an IT consultancy, for both private & public sector clients. I'm not entirely clear what its activities are exactly.

Key points:

Turnover up 20.6% to £28.3m

Operating profit up a very impressive 112% to £980k. Quite a slim profit margin though, at 3.5% of turnover.

EPS is heavily boosted by a negative tax charge (as previous tax losses are brought back onto the balance sheet). So the jump in diluted EPS from 2.32p last time, to 7.72p this time, needs to be treated with caution.

Balance sheet - looks OK overall. Debtors has risen a lot, as you would expect from the increase in turnover. There's negligible debt, and overall it seems to have net cash of about £0.9m - pretty good.

Note the provisions for empty properties, which will be a cash outflow in due course.

They don't capitalise development spend, which is a positive thing in my eyes.

Outlook comments sound fairly good. Although presumably increasing headcount means increasing overheads? So maybe that might hit profits in the short term, possibly?

Further to the progress achieved during the year we have started the new financial year with a strong order book and healthy pipeline of opportunities. Underpinning the Group's success will be our ability to develop new and existing accounts and deliver successful outcomes for our clients.

In order to capitalise on the opportunities being developed efforts to strengthen our business model continue. A key aspect is the need to increase the headcount across the business.


My opinion - overall this share looks strikingly cheap. Just £4.9m market cap, for a business that's just reported a profit of just under £1m.

The key question is whether that profit is sustainable, or whether this was just a one-off bumper year for some reason? So more digging is needed I think.

I've not found anything untoward in the figures - the accounts look clean to me, with real profit, and positive cashflow.

Overall, it's probably too small & illiquid for me, but it certainly looks worthy of more research for any readers who delve into the really tiny end of the market. It would be interesting to meet the Directors, and better understand the business model, and strategy.

That's me done for today. See you tomorrow!

Regards, Paul.

(usual disclaimers apply)

[cfro] 13/6/2016 16:09

Value opening up in these markets...

TRD reported strong results today.

[sailing john] 10/6/2016 08:31

SThree 1H TS today - ICT gross profit +18%
ITQ read through hopefully!
SJ

[cfro] 09/6/2016 22:26

PJ1,

..he clearly states that he has other trading and investment accounts other than the one he publishes...

Exactly why no-one should ever listen nor purchase products or advice from these so-called 'guru's'!!

High time the FCA acted and shut these people down (not just him but others too).

(sorry about posting off-topic)

[pj 1] 09/6/2016 19:15

modform-Recruiters currently are out of fashion. A p/e of 10 seems about right currently. Previous darling STAF has down graded to that forward p/e over the last few months.Hopefully ITQ will re-rate upwards"!?

[modform] 09/6/2016 19:11

So scsw tips STY and the share price doubles up, and they tip ITQ and it goes down. I have no position atm, I am not keen on the business model but it looks cheap. GL

[pj 1] 09/6/2016 18:57

I did attend a Naked trader seminar some years ago. To be fair to him he clearly states that he has other trading and investment accounts other then the one he publishes and trades on his web site (i.e which some traders follow). He also clearly stated that sometimes he will ''sell'' a stock on his website (as his initial target has been hit), whilst otherwise adding to a SIPP or ISA for example. (in the same stock)

I am not inferring that has happened here. We will never know. I would also point out he does invest long term as well as Trade. I am not aware he publishes his long term investments other than on his trading log.

[battlebus2] 09/6/2016 18:32

Well he has some good winners but I too think he's a bit previous selling now.