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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Interquest | ITQ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 13.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 13.00 |
| Top Posts |
|---|
Posted at 08/9/2017 13:38 by sharesoc There is a blog post on interquest and government policy here: It looks at the struggles of AIM company investors and ShareSoc look to respond having met with the head of AIM on Tuesday, we'll shortly be submitting a response to their discussion paper: Our response seeks to address many of the issues raised. |
Posted at 09/8/2017 08:56 by insomniac36 So the offer is closed & they managed to muster 58.32% by a combination of hounding private investors and 'turning' Mole and Livingbridge VC, both of whom were original supporters of the company. Interesting that Paul Frew (who was effectively fired by Ashworth as an Independent Director at the outset of this takeover ) is in fact a Partner in Livingbridge VC.Obviously Chisbridge now have control of the company and probably fire David Higgins now. Can't go private yet without the magic 75% - one might ask why IPConcept are continuing to build a stake - RNS this am says they now have 8.16% as of the 4th August, combine this with the remaining declared supporters of the company (15%) as of last week, and the rest of us, surely we can continue to make this as difficult for the Chisbridge muggers as long as possible... Anyone have any thoughts ? |
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).Similar |
Posted at 25/5/2017 16:11 by spot1034 There has been nothing more than a handful of acceptances of this derisory offer and given that there has been no announcement today it looks as if even the trickle of small investors has dried up. Clearly, the offer undervalues the company significantly. |
Posted at 24/5/2017 12:20 by aishah TechMarketView:Frew exits InterQuest board as MBO bid struggles Paul Frew, managing partner at Elderstreet Capital Partners, and one of the two dissenting non-exec directors on the board of AIM-listed IT recruitment firm InterQuest, was relieved of his duties at the company’s AGM yesterday, leaving David Higgins, ex-CEO at recruiter Harvey Nash, the remaining NED rejecting the MBO bid led by InterQuest founder Gary Ashworth (see InterQuest NEDs rebuff founder's MBO bid). In which respect, Ashworth’s MBO vehicle, Chisbridge, has crept up to a 43.5% committed shareholding, which suggests that investors are not exactly rushing to join the party (see InterQuest MBO: 42% down, 58% to go!). As I said before, this bid may not be over quickly. In fact, perhaps it won’t be over at all. |
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 16/3/2017 12:37 by malc999 Panmure Gordon have dropped their forecast EPS for 2017 from 7.6p to 7.5p, and have quoted EPS of 9.6p for FYE 2018, with forecast dividend for both years of 1.6p. We will see! As it stands of course 2018 is pure fantasy at the moment as the new business model is unproven, but we did get a cautiously optimistic outlook statement with the Final Results, so fingers crossed for the first half of this year at least.As for getting to 50p, obviously at the moment every time we approach 40p sellers come in, and I can't see any price appreciation above this level until:- (1) The sellers are cleared out, (2) There is some director buying at the current levels, which should change investors perception of this stock. We are now into the 3rd month of 2017 and if the new setup is working then if I were a director I would seriously consider buying at these depressed levels. It will be interesting to see if there is any over the next few days, (3) Institutional buying of course, maybe some recovery funds will join the party? (3) Last year a trading statement was released on 27 June. If the next trading statement is in-line with management's expectations then that may change sentiment and a re-rating may occur if it hasn't already. I'm holding unless there is more bad news, good luck to all! |
Posted at 06/12/2016 12:29 by malc999 Some institutional buying coming in from the recovery funds, namely Helium and River & Mercantile crossing the 5% thresholds, although as I write the first of the sells are coming in which is not surprising bearing in mind we are currently at the 40p mark - round numbers always act at profit targets for some. The institutional funds wont have bought in with a 40p profit target so I would expect some more selling around the 40p mark from private investors before this starts rising again, with the next barrier being 50p and some more substancial selling.Even at 50p the valuation is still attractive - I am guessing EPS of 8p for FY 2017 although it isnt much more than a back of the envelope estimation from me - we will find out more in the March 2017 trading update. |
Posted at 01/12/2016 11:09 by 2vdm I don't think so and I have stuck with it even though I have been burnt both by the huge fall (thanks Brexit).The BOD are getting to grips with the problem and I agree that this share has been oversold, although I certainly understand why some investors lost confidence. Another reason to support my view is that despite the news, there has not been a large drop in the share price so far today and larva, if it drops to 20p, let alone 16p without more news, I'll be buying like mad. |
Posted at 06/9/2016 09:26 by pj 1 Well good luck all but I'm out.1) CEO covered these problems up when I met him at Master Investor 2) I wouldn't buy it now 3) chart is down, chances are it will continue in the trend its in I've probably sold at the bottom but worth it as I feel better already for getting rid. |
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