Interquest Share Discussion Threads

[wiseacre] 17/5/2017 12:45

No mileage here. No liquidity. Nobody else interested. Take the money and move on.

[aishah] 17/5/2017 09:15

They tried selling the business two and a half years ago but no one was interested. We all know what's happened since then. I've reduced considerably at 48p. Left a few for fun just in case.

[valhamos] 17/5/2017 09:06

On the basis that he is happy for us to sell for 42p then he must be happy with 50p or 60p. Else he is a hypocrite and he should resign or be sacked.

[ballardski] 17/5/2017 08:44

I can't see anyone else bidding against management, especially since Ashworth has a blocking vote of 34%. That would stop any other bidder taking the company private.

[pj 1] 16/5/2017 23:05

Chris Eldridge is a fraud and liar as far as I am concerned. He spoke in public and one to one with me with forked tongue and never produced the results he promised, actually his promises resulted in nothing but profit warnings.

He is on my list of Directors to be avoided at all costs.....

[malc999] 16/5/2017 19:38

With the mid-price closing at 46.5p the market is expecting a higher offer to materialise from somewhere, and for now there is a 42p floor under the share price. It will be interesting to see what happens here, in particular if any other bidders come out of the woodwork. The future of the company must be bright or else Ashworth wouldn't be wanting to take it private.

I wouldn't be surprised to see any trading update issued following the AGM on 23rd May to be all doom and gloom with some sort of indication from Ashworth being the only solution to the current malaise is the management buyout. Usual tactics from management wanting to buyout a listed company on the cheap.

Sit tight for now, this company is now in play and other companies will surely be evaluating ITQ to see whether it's worth making an offer.

[kemche] 16/5/2017 18:59

Well that was a result.............

[safman] 16/5/2017 16:45

42p.. Market cap @ 16-17 million..

Cash generative still and lowering debt...

12 months and this could be back to being a solid business..

A game of patience here and it may be the case with the current trading the management are of the same view..

saffy..

[safman] 16/5/2017 16:38

Low ball offer... admittedly i would be @ a smallish profit.. however this is business that will grow and has been hit pretty hard of late..

Looks to me like opportunist offer..

There may be others..

saffy..

[dangersimpson2] 16/5/2017 16:37

It shows how crazy 42p was that when the independent directors reject the offer the share price goes up to 46p!

[2vdm] 16/5/2017 16:27

I agree. I've still got quite a few at 80p. Are we going to get shafted at such a low offer?

[dangersimpson2] 16/5/2017 16:25

Ashworth holds 33% but Bygrave only 0.1% and Eldridge zero as far as I can see.

Shareholder register is pretty fragmented but can't see anyone else supporting it.

Good to see the independent directors have some strength of character too:



The Independent Directors, who are being advised by Panmure Gordon, have unanimously concluded that they would be unable to recommend the Proposed Offer to InterQuest shareholders on the basis that it would materially undervalue the Company and its prospects.

[dusseldorf] 16/5/2017 16:17

I think they'd struggle to get acceptance on 75%:

[spot1034] 16/5/2017 16:16

Let's hope someone else shows some interest.

[spooky] 16/5/2017 15:58

Don't blame them but it is a bit opportunistic.

[kemche] 24/4/2017 11:33

Just taken a nibble here whilst it is quiet.

[malc999] 16/3/2017 12:37

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!

[eastbourne1982] 15/3/2017 14:10

Sooner or later this will break through 40p and the mid 30's will be a distant memory, this is not a ramp, I just think it is inevitable.

The business seems to have stabilised, debt is reducing and forward pe rations are around 4 - 5 so plenty of scope to rerate, my initial target is 50p within three months.

[s34icknote] 15/3/2017 12:47

Except those sellers at 8.00 am yesterday !

[king kong dong] 15/3/2017 11:49

rises on little volume too....all it needs is a few buys and we all make money

[s34icknote] 15/3/2017 11:24

Looking strong again