Quadnetics Share Discussion Threads

[mjcrockett] 06/5/2008 16:05

From today's telegraph:-

A recent seminar on "public-to-private transactions", organised by City lawyers Taylor Wessing, attracted a motley crew of Aim brokers and corporate financiers. Among those registered to attend were a small number of Aim executives clearly interested in finding out more about the management buyout process.

They included James Ormondroyd, finance director of telephone technology group Telephonetics, which recently held abortive takeover talks with rival Eckoh; Ross Williams, managing director of Forest Support Services, which is in the illustrious business of hiring out traffic cones; Kevin Johnson, managing director of Surface Transforms, which develops braking systems for high-performance cars; and David Coghlan, chairman of Quadnetics, a CCTV company that was hit by a major profits warning last week.

All four companies have seen their share prices knocked over the past 12 months. But only time will tell if these executives plan to examine the possibility of a management buyout in any further depth.

Also down to attend was Andrew Zelouf, who looks after business development for the Guardian Media Group (GMG). GMG recently took over Emap's business-to-business magazines unit alongside Apax Partners. Now the group that owns The Guardian is rumoured to be eyeing up more acquisitions in the same space.


MJ

[cockneyrebel] 06/5/2008 15:52

that's a bit better.

CR

[davidosh] 06/5/2008 12:51

The rushed seller at £1.06 is looking a bit of a plonker

[cockneyrebel] 06/5/2008 12:23

Bit of a recovery today thankfully.

CR

[stegrego] 06/5/2008 12:23

Looks like people are beginning to agree that perhaps it was already built into the price.... makes my 111p buy look all the better now people are paying 138p a day later...

[cockneyrebel] 02/5/2008 20:03

yes, seems there's been someone dumping feeding the stock that the directors bought.

Probably a bit stuck now till we get the results. Fortunately mine are im my pension so I can wait for a bit of news/results to get these moving.

CR

[pugugly] 02/5/2008 16:12

CR:- Looks like a big unload in progress - A number of subsequent 25K lots unloaded at slowly increasing prices - After a quick check on your data (for which thanks) and todays BD note should be a recovery stock - The directors certainly took advantage of the price.

[cockneyrebel] 02/5/2008 11:07

Buyers pulling it back up - outrageous over the top markdown at the open, seeing how weak these had been anyway - they were not even priced to meet expectations imo before today. Not surprised buyers are in rather than sellers. More liquid and on SETs and these would never have opend down this far imo.

CR

[stegrego] 02/5/2008 10:56

have to confess to finding a bit of dosh elsewhere and adding 50% to my holding at 111.

I feel the odds are favorable long term to a good payback from here...

[cockneyrebel] 02/5/2008 08:59

Measureguy - if the mm's have a line of stock and you make an offer just over bid you often get it. The bid/offer they show is an indication but it's a market and if you have buying power you can haggle.

There's no way the mm's took that large trade so it is either a buy or it's a sell and a big buyer of 120K will show later imo. I haven't ried but I bret you'd struggle to sell a few k to the mm's this morning - no way will they take 100K and hold them on their books without a buyer when nms is 1k.

CR

[stegrego] 02/5/2008 08:48

What hes saying is that there are probably 2 sides to the transactions ie someone sold but also someone, other than the MMs, was willing to buy that amount.

Not sure though as if its the only trade done this morning of that size, its probably the reason for 25% down and the MMs may have taken that risk on board.

[masurenguy] 02/5/2008 08:45

How do you make that a Buy CR ?

It is easily the lowest transactional price of the day with the Bid at 110p just before and at 105p just afterwards. Looks like the trade was triggered right at the open which had already been marked down to a spread of 110 - 120 by the MMs following the pre-market announcement. All subsequent trades are in the 110p - 112p bracket so I reckon that it was a Sell !

[cockneyrebel] 02/5/2008 08:31

Someone has just bought that 120K at 106p, the mm's won't have taken them. I reckon they see the value.

CR

[stegrego] 02/5/2008 08:30

Lev 2 appears to point to it getting worse before it gets better...
Certainly getting whacked

[stegrego] 02/5/2008 08:27

Well ive got to sell something to buy more of these and seeing as everything else is going swimmingly ill hold off for now.

Looks to be a good entry point though, certainly for the mid-term.

[cockneyrebel] 02/5/2008 08:26

Well if you think about it, at this level the mkt cap is £18. They have £7m in cash so that stripped out the mkt cap is £11m. They did $2m pbt in H1. If they only did £1m in H2 the PE is 5 and the forward order book much higher + a 5.5% yield.

The price must have been factoring in a miss before this surely? Looks way too cheap to me now.

CR

[masurenguy] 02/5/2008 08:22

Somebody just dumped 120,000 @106p and the price is now down 25%.
Glad that I held back on these and just kept them on my Watchlist - could be a good entry point coming up since the drop seems a bit excessive !

[stegrego] 02/5/2008 07:55

If it gets really silly today or in coming weeks, i think ill actually add rather than sell.

Surely most of this was already in the SP?

As it was only on a forecast p/e of 5 anyway...

[cockneyrebel] 02/5/2008 07:53

Sorry, 6% yield and already done 8.8p eps in H1 for gawd sake.

CR

[cockneyrebel] 02/5/2008 07:50

Well the directors bought shares lately so they got caught out but orderbook since year end is up 14%. They also have over a quarter of the mkt cap in cash.

I reckon on this rating with a now 5%+ yeild there will be punters buying the dip - fwd PE silly low now with that order book.

CR

[crystball] 02/5/2008 07:38

Quite rightly it will get whacked today. Do you trust this management?

[stegrego] 02/5/2008 07:37

Well it only says likely to be 'below' so that should be within 10-15% or so of expectations. Current projected p/e is 5.6 and eps 25.8p.

So perhaps now only 21p ish. Gives p/e of 7. Divi is still forecast at nearly 5%.

Not great, but problems seem to be sorted and they are saying order book strong.
Still a good amount of cash.

Having said that, will still probably get whacked badly today!

[value viper] 02/5/2008 07:10

oops - how much of this is priced in - director deals not that well timed ! - still cheap even if they can just match last yr