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ITQ Interquest

13.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Interquest LSE:ITQ London Ordinary Share GB00B07W3X22 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 13.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
10.00 16.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 13.00 GBX

Interquest (ITQ) Latest News

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Interquest (ITQ) Discussions and Chat

Interquest Forums and Chat

Date Time Title Posts
14/5/201812:18Interquest - IT Recruitment673
10/5/201001:36InterQuest releases positive trading statement7
26/4/200817:34Interquest Group - Growing well153

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Interquest (ITQ) Most Recent Trades

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Interquest (ITQ) Top Chat Posts

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Posted at 01/5/2018 11:21 by mnomis
Re Eastbourne1982, that is a great question that all shareholders / former shareholders should be asking themselves. Apart from selling at a loss or complaining on a bulletin board, what action have they taken? I just wasted a morning looking into ITQ as it screened well re valuation, but is not investable imho for obvious reasons.
Posted at 15/3/2018 10:16 by sphere25
No position here but wow! What a bunch of scumbags!

As if activity to date hasn't been petty enough. Is that a backdoor way of having more voting rights to take ITQ private on the cheap I wonder.

Can Luke Johnson ever be trusted in future if that does happen?

Let's see if that is what happens.
Posted at 26/10/2017 18:13 by vatnabrekk
I sold out a while ago at a loss but I look in here now and again to see what's happening. I'm fairly sure that in the fullness of time they will reach their target of 75% and then de-list, which is their stated ambition. What happens next is unclear, because I really don't understand how a de-listing can benefit them either. But if that's what they want to do, then I'm fairly sure they will achieve it one way or another.

What does that mean for other shareholders? Not really sure, but it certainly means that no-one can sell on the market. The only possible buyers would be Chisbridge and it's unlikely that they would be prepared to pay a fair price, if anything at all. And if they don't intend to pay a dividend, then they don't need to buy out the small shareholders, they can just leave them to rot.

How would that benefit them? The only way I can think of is that they could keep increasing their salaries, which of course would benefit them but not the minority shareholders.

Now be very clear that I'm not saying that that is what they are going to do, I'm just saying that that may one possible course of action for them.
Posted at 10/10/2017 11:06 by safman
Peterhouse appointed.. I would of thought a little unusual for a broker for ITQ..

However the share price has comeback.. strongly..

They are still looking to go private so @ 58% of equity they will have to buy on the open market to reach that 75% figure..

Well done if you bought in the 20s as I did not expect this back..

saffy..
Posted at 08/9/2017 08:34 by wiseacre
The collapse in the share price has given Chisbridge the opportunity to snap up the shares for cancellation. A new Nomad will surely be appointed when if the shares remain at a discount to the 43p bid price should be a BUY trigger. Now a very good trading opportunity. Fill your boots!
Posted at 29/8/2017 21:26 by keit4h
They will want to buy more shares to get to 75%. So they will do what they can to get the share price down.

Whatever you think of the management they know the company much better than we do and think the shares are such good value at 42p that they want to buy them all.
Posted at 12/7/2017 16:40 by insomniac36
Using every trick in the book to try to get this con through ... including hounding shareholders no doubt with threats of a crashing share price should this buy out fail - Though that threat is probably not going to bother anyone that bought shares at over 80p in good faith - What difference will another temporary drop make to them until an improved offer comes through !

Wondering if every staff share option they could legally authorise have been exercised now - we should see the names of those staff who are clearly fearful of management or just being used in the next Acceptance update.

Let's hope we get more buys above 42p buy from the likes of IPConcept to redress the balance of ownership & keep Chisbridge below the required threshold for control...
Waiting to see what happens on the 15th !
Posted at 20/6/2017 14:19 by insomniac36
As we all know there was a failed 'sale' process at the back end of 2014, insiders reported that Ashworth had 125p in his head for a fair price to leave the business and must have been sorely disappointed not to find a willing buyer at that price ... apparently the common consensus at the time was a price around 110p was more realistic ...

This is the quote from them "the Board held constructive discussions with a number of interested parties however, the outcome of these is that the Board does not believe that a sale of the Company at this time would achieve maximum value for shareholders in the medium term, having regard to the opportunities, growth potential and inherent value of the Company" in Jan 2015

So, how now can the business be worth a third of that value unless it due to incompetent management or has been engineered by following a calculated programme of undermining investor sentiment to drive the share price value down to facilitate this appalling attempt to rob external investors through a dirt cheap MBO.

One should also view ITQ's performance compared to it's competitors to illustrate this ...there is no way that ITQ has been affected by market conditions/Brexit et al any worse than they have.

If the acquisition of RDW has dragged the company's value downwards, the fault lies purely at the door of the Chisbridge gang (the Exec Management at the time of the acquisition).Similarly the write offs relating to the acquisition of ECOM lie squarely with Mr Ashworth who led the acquisition process himself. Rather than having to defend a money grab, the majority shareholders should be pressing for the dismissal of this bunch of crooks !
Posted at 18/5/2017 16:01 by ir35
The management are really having a laugh with their takeover. This is obe of the reasons they give:
"The Management Team believes the continued volatility of InterQuest's share price and the disproportionate effect of negative news on its share price has negatively impacted the perception of InterQuest by clients and staff".

Looking at the last 6 months I don't see a lot of volatility - just a share price bumbling along at what I considered t be the bottom. The disproportionate effect of negative news clearly means that around the 35-37p they have been trading at for the last 6 months they are massively undervalued - so why do management think they are only worth 42p. If they really wanted to see value in the share price then Eldridge and Bygrave could have been buying shares in the market for a couple of hundred thousand each and that would have sent a clear signal to investors, clients and staff that the business was undervalued.

I trust that those 2 understand that if a bid doesn't go through then there will be a majority of shareholders who don't want them running the company any longer.

Quite why anyone has irrevocably accepted the offer of 42p is hard to understand. I'm not quite sure why anyone is buying at 47p either. I don't think there is a big buyer because I couldn't get a quote to sell more than 10,000 this morning.
Posted at 14/3/2017 18:19 by dangersimpson2
Malc999,

do you know what factors influence an MM's decision making when moving their prices up or down?

I have no direct experience of market making but my understanding is that the vast majority of the time they are simply reacting to supply & demand. The way they profit is by having the maximum volume of trading so they will simply move the price to reflect the buys and sells and end with a neutral book.

Of course buying and selling behavior is not as logical as economists would have us believe. While normally a price drop in a commodity would cause people to consume more, when it comes to small cap shares then a drop in price might actually cause selling due to people worried that someone else knows something they don't or due to stops.

I'm sure market makers do make use of this behavioral anomaly occasionally to generate sells by dropping the price not raising it - the so called 'tree-shakes'. But it is probably indistinguishable from them simply receiving a large sell order. It is also a risky strategy for them since they may just generate buying volume. And of course there is usually more than one market maker so the response they want cannot be assumed. I personally think this tactic will be used a lot less frequently than most assume.

The answer to this is to know your companies well, invest in companies that don't tend to leak information and don't use automatic stops (or if you do accept that they have done what you asked them to.)

Anyway back to ITQ - I was pleasantly surprised with the results today - in line on adjusted EPS, vast majority of adjustment genuinely non-cash and one-off (goodwill impairment) net debt down and relatively positive outlook. If they can deliver on that outlook then I expect the share price to be significantly higher in a year's time.
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