Interquest Share Discussion Threads

[pj 1] 01/12/2016 18:23

Unless there is another Profit Warning

[malc999] 01/12/2016 14:44

Paul Scott has tipped these following todays results - he reckons they are oversold at these levels - here's an extract from his newsletter today:-

"Revised forecasts - the latest numbers coming through this morning suggest that adjusted profit will be £3.6m this year (down from £4.2m), and EPS 6.9p instead of 8.5p.

The market cap of just £11.1m looks ridiculous for a company that should make £3.6m, in a bad year.

Balance sheet - has a huge debtor book, partly funded by debt. The latest broker note suggests that cash generation is good at the moment - debt tends to unwind at companies like this, as business contracts. So they're saying £7.0m net debt at year end. Overall the last balance sheet looked OK to me.

My opinion - fishing for bargains at bombed out companies which have warned on profits, can often be a depressing, and unprofitable activity.

However, at this level, I think ITQ is probably at or near the lows. It's finances look alright, and the PER is now dirt cheap. Plus it's paying a divi, and even if that is reduced, is still a nice bonus.

Recruitment in the IT sector seems an activity that's not going away. Personally I think this could be a nice little recovery trade from the current price, with a target of maybe 50p - which would still only be a PER of about 7-8 times the revised forecasts put out today. Yet that would be a 67% gain from today's price. I think that's quite a good punt."

[she-ra] 01/12/2016 14:28

Panmure Gordon is their broker. I expected nothing less from PG.

[she-ra] 01/12/2016 11:25

Level of debt is frightening though.

[2vdm] 01/12/2016 11:09

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.

[larva] 01/12/2016 07:15

Another one from TW AIM cess pit nc'est pas?


net fee income and EBITDA for the current financial year will be below market expectations.



Well below? 16p today i suspect

[cl2201] 28/10/2016 08:48

Tinasilverfox - I have to agree. Personally picked up a good wedge at 36p as I see that as far too low.

Pardon the cliche but MMs are most certainly after shares as one can only pick up around 3k GBP worth @37p but easily offload 10K GBP @36p. I'll be holding on to mine until they significantly re-rate and with the small number of shares in free float it shouldn't take much to get back to 50-60p.

[tinasilverfox] 27/10/2016 22:58

The waiting game begins Oversold share

[she-ra] 19/10/2016 16:43

I thought there was something going on. Rose because of a tip.

[the shuffle man] 19/10/2016 16:28

Tipped again today by TW

[aishah] 04/10/2016 13:04

Panmure forecast pre-tax £4.07m this year and £4.91m next, a reduction from 5.6m and 6.4m previously. EPS of 8.53p and 10.10p and DPS of 1.50p and 1.58p. Mkt Cap £12m.
I've started adding here. Half a pence divi to be paid on 16th Nov. dyor

[battlebus2] 04/10/2016 12:15

Turning into a disaster....

[tsmith2] 04/10/2016 11:57

Charlotte break down..need to see capitulation to somewhere around 25p

[salpara111] 03/10/2016 13:06

Was going to take a nibble at 40 but will wait and see if there is support.
Given the relatively upbeat news from other recruiters I guess the problems here are largely self inflicted so it will take time to see if they can sort them out.

[tsmith2] 03/10/2016 09:06

Doesn't look particularly good

[she-ra] 07/9/2016 20:01

Debt is about two thirds of the market cap. Is this sustainable?

[fillipe] 07/9/2016 16:09

Being nimbly picked up at sub-45p today ....could prove a good purchase if they get properly back on track.

Some for me today...

f

[wiseacre] 06/9/2016 13:11

Not as bad as it looks. Real problem was ECOM acquisition and fact its sales were made through ad agencies. I think new management has got to grips with this going directly to end users such as John Lewis. It's always darkest before the dawn. Best time to go in IMHO.

[mammyoko] 06/9/2016 10:47

Management here aren't trustworthy. Warning slipped out just after Brexit vote. I've had questions in the past over the reporting of Ashworth's dealing in the company.

[battlebus2] 06/9/2016 10:31

I won't be buying either PJ.

[pj 1] 06/9/2016 10:26

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.

[battlebus2] 06/9/2016 10:22

Yes disappointing the divi wasn't held, could be a good punt/ entry point for first time buyers but not for me ATM.

[the shuffle man] 06/9/2016 10:05

I am tempted to add. Looks like new management have now got a hold of what has been going on and addressed the underperforming areas of the business. Recent acquisition looks interesting. I am hoping for a pick up in second half of the year which will make the current share price look like an attractive entry point.

[salpara111] 06/9/2016 09:05

Divi cut in half so no longer an attractive yield.
Was going to buy after the last big drop but decided to wait.
I get the feeling that they have company specific problems given that Hays recent results were good in the UK.