Interquest Share Discussion Threads

[davydoo] 26/4/2010 17:53

Wow this moved quickly today on a few relatively small buys on PLUS. There must be very little stock available.

[davydoo] 12/4/2010 11:43

Currently marked up 3p, on a single trade on Plus.

[investinggarden] 08/2/2010 14:59

Speculative Buy rating from Growth Company Investor

[utsushi] 04/11/2009 07:08

At this price I see a bit of value, in for a few.

[bestdreamcatcher] 14/1/2009 10:06

IT recruiter InterQuest has predicted bumper growth in its 2008 results.

In a trading update for the year ending 31 December 2008, Interquest expects revenue to increase to £104m (around 20% higher than 2007: £86.7m) and gross profit anticipated to exceed £15.2m (around 18% up on 2007: £12.9m)

IT staffing specialist, InterQuest Group has issued a trading update for the year ending 31st December 2008.

Earnings before interest, tax and amortisation (EBITA) is anticipated to be approximately £5.3m, while adjusted profits before tax (PBT) around £4.75m.

[eggbird] 15/10/2007 09:31

Interquest Director/PDMR Shareholding




RNS Number:6562F
InterQuest Group PLC
12 October 2007

InterQuest Group plc
(the "Company")

Director's Shareholding



The Company has been informed that the following directors have today acquired
ordinary shares of 1p each in the company at a price of 100p as follows:


Director Number of Shares

Gary Ashworth 5,000
Luke Johnson 5,000
Ross Eades 15,000
Michael Joyce 5,000

[eggbird] 26/9/2007 08:37

InterQuest Group PLC
26 September 2007







InterQuest acquires specialist IT recruitment business



InterQuest Group Plc ('InterQuest' or 'the Group'), today announces the
acquisition of e-CRM People Limited ('e-CRM') for total consideration of up to
£4.95m and the appointment of Chris Smith and Steven Morrisey, joint M.D's of
e-CRM, to the Group's operational management board.



The initial consideration is £2.67m, comprising £2.40m in cash and £0.27m in new
InterQuest shares issued at 105 pence per share. Further consideration up to a
maximum of £2.28m is payable in September 2008 and September 2009 provided that
certain financial targets are achieved in the years ended 31 July 2008 and 31
July 2009.



e-CRM is a dynamic, fast growing niche IT recruitment services provider that has
developed a leading position in its core markets of Enterprise Asset Management,
IT Service Management, IT Storage and Security.



In the year to 31 July 2007, e-CRM reported audited turnover of £10.03m and
audited adjusted profit before tax of £0.71m. Net assets at 31 July 2007 were
£0.55m.



Application has been made to the London Stock Exchange to list 254,096 new
ordinary shares in InterQuest which will, upon issue, rank pari passu with the
Company's existing issued ordinary shares and are subject to a lock-in
restriction which expires on 25th September 2008 and an orderly market provision
for twelve months thereafter.



The Board believes that the acquisition is another milestone in the Group's
development into one of the UK's leading providers of niche IT recruitment
services and that the acquisition will be earnings enhancing within the first
year.



Gary Ashworth said: 'We are delighted to welcome Chris, Steve and their team to
the Group and to add another fast growing, specialist business to the others
already in the Group.'

[papalpower] 21/9/2007 13:46

Good performance so far.

[eggbird] 21/9/2007 08:12

Financial highlights


Revenue up 71% to #38,561,000 (2006: #22,515,000)

Gross profit up 54% to #5,717,000 (2006: #3,708,000)

EBITA (before IFRS 2 and amortisation charges) up 60% to #1,937,000 (2006:
#1,210,000)

Profit before taxation up 57% to #1,419,000 (2006: #904,000)

Basic adjusted earnings per share up 53% to 4.6 pence (2006: 3.0 pence)

Basic earnings per share up 46% to 3.5 pence (2006: 2.4 pence)


Chairman's and Chief Executive's statement:


Commenting on the results and current prospects, Gary Ashworth, Executive
Chairman, said:

"In the first half of 2007 we have made significant progress in laying down a
platform for continued growth. We moved to new London offices in April which
have given us room for expansion and the ability to increase our number of fee
earners. At the same time, we have achieved organic growth of over 10% in
contractor numbers and 16% in permanent fee income. Last years acquisitions,
Sand Resources Limited and PeopleCo Worldwide Limited have performed extremely
well in 2007 and on 4 July we added a further specialist division via the
acquisition of Intelect Recruitment plc, based in Manchester, which I am
confident will be earnings enhancing in the second half and beyond. On the whole
we are very pleased with progress to date this year and look forward to
reporting continued growth in the second half."

[eggbird] 07/9/2007 09:16

Making some good progress the last few weeks!

[eggbird] 30/7/2007 17:00

Hi James, Did you buy any in the end??

Egg.

[james93] 26/7/2007 11:00

I'd love to buy a few of these. The spread is the only thing holding me back. I hate buying into something and being 7-8% down straight away.

[eggbird] 20/7/2007 17:20

Buy InterQuest at 114p

t1ps - Luke Heron
16.07.07


Argues Luke Heron of WatsHot.com

These recommendations do not constitute advice, please read the risk warnings

AIM-traded InterQuest (ITQ) ticks all the right boxes. It is a growth business with a sound balance sheet, great management with a proven track record,

plus star investors. This acquisitive profitable company has not been fairly valued by the market, though this is set to change over the coming months as newsflow cranks up. Trading on a multiple well below its peers, this IT recruitment enterprise is an exciting growth company.

InterQuest is split into various divisions. The first - InterQuest (UK), was acquired in 2001 and operates in the retail sector. The following year, the group acquired Insight, which specialises in specialist technical skills staff across a variety of sectors. The acquisitions of SBS and Genesis in 2003 saw InterQuest grow dramatically, entering the public sector space. FJB in 2005, took the company into the healthcare recruitment space. In February of last year, the company announced the purchase of PeopleCo at a cost of £5.4 million. Unlike the other divisions, PeopleCo is based in the north and has expanded the group's geographical base significantly. Three months later, Sand Resources was acquired for £5.2 million, strengthening the services offered into the public sector. The group's most recent acquisition, Intelect Recruitment, came at a cost of £3.725 million and accompanied the appointment of big hitter David Di Domenico.


InterQuest looks good

And so to the numbers. For the year to 31 December 2006, the group's existing business grew organically by 15%. This was underpinned by a growing requirement for contract staff, with demand for specialist skills out-stripping supply and leading to candidate shortages in some areas. Total revenues, including part-year figures for the two acquisitions, grew by 107% to £57.22 million, which enabled the business to increase pre-tax profits by 61% to £2.1 million and basic adjusted earnings-per-share increased to 7.5p. The current period will benefit from a full year contribution from PeopleCo Worldwide and Sand Resources, combined with five months from the recently acquired Intelect Recruitment. In the year to 31 March 2007, Intelect alone generated turnover of £6.8 million and audited profit before tax of £600,000.

For the current year, Interquest should deliver pre-tax profits of £4.4 million, equating to earnings of 10.3p. At 114p, the shares trade on just 11 times current year earnings. For next year, I cannot see why earnings won't be up to 11.5p, climbing to 14p in 2009. The balance sheet remains in good order - as of the year end, InterQuest had net debt of £5.04 million, funded via invoice discounting and bank overdrafts. A forward multiple of 15 would not be too rich, suggesting an initial target price of 210p. Buy.

[eggbird] 12/7/2007 14:20

Anyone attend this mornings AGM???

InterQuest Group sees FY results in line with its expectations


LONDON (Thomson Financial) - IT recruitment company InterQuest Group PLC
said it is confident that its full-year results will meet its expectations.
In a statement ahead of the company's AGM today, chairman Gary Ashworth said
the current year has seen an "excellent" start with all divisions trading well
above levels seen last year.
The company said its public sector business from Sand Resources Ltd, which
it acquired last year, is trading well, boosted by contracts from both central
and local government.

[eggbird] 06/7/2007 16:23

nice!!!
personaly thought it was about time we had a bit more of a response to the aquisition news!!
First of many tips i should think!

[papalpower] 06/7/2007 16:08

That would explain the sudden jump.

[risk2much] 06/7/2007 16:01

Tipped by WatsHot 3pm today

[papalpower] 06/7/2007 15:16

Hello, moving quickly here now, more news or has it been tipped ?

[papalpower] 06/7/2007 15:16

Hello, moving quickly here now, more news or has it been tipped ?

[wiseacre] 05/7/2007 12:42

These shares offer best value. Probalbly the fastest growing quoted recruitment company in IT, an industry that employs over one million in the UK. Earnings (EBITDA)expected this year to top £5 million putting the shares on a PE of under ten times - at least a 25% discount to more mature peers. Believe share price should motor to 150p in near term.

[papalpower] 05/7/2007 07:08

InterQuest Group PLC 05 July 2007

InterQuest acquires specialist IT recruitment business

InterQuest Group Plc ('InterQuest' or 'the Group'), today announces
the acquisition of Intelect Recruitment Plc ('Intelect') for a total
initial consideration of £3.725m and the appointment of David Di Domenico, M.D
of Intelect, to the GroupOs operational management board.

The initial consideration is £3.55m in cash and £0.17m in new InterQuest shares
issued at a value of 107.5 pence per share. There is a maximum further cash
consideration of £0.5m payable in respect of the year to 31 March 08, together
with further amounts of £0.2m and £0.2m payable in respect of the following two
years thereafter, in each case provided that certain financial targets are
achieved for those respective years.

Intelect provides niche recruitment services predominately within software
engineering and manufacturing software.

In the year to 31 March 2007, Intelect generated turnover of £6.8m and audited
profit before tax of £0.6m. Net assets at 31 March were £1.1m

Application has been made to the London Stock Exchange for 164,940 new ordinary
shares in InterQuest. The consideration shares will, upon issue, rank pari passu
with the CompanyOs existing issued ordinary shares and are subject to a lock-in
restriction which expires on 4th July 2008, and an orderly market provision for
12 months thereafter.

The Board believes that the acquisition, the Group's second in the North,
represents further development of the Company into one of the UK's leading
providers of specialist IT recruitment services.

Gary Ashworth said: 'This strategic acquisition, combined with the
entrepreneurial skills of David Di Dominico and his team, provides a
complimentary niche to our core business and strengthen our presence in the
specialist IT recruitment arena.'

For further information please contact:

InterQuest Group Tel: [phone]

Gary Ashworth
Ross Eades
Michael Joyce

Britton Financial PR

Tim Blackstone 020 7251 2544

[eggbird] 26/5/2007 11:35

bought a few of these last week, been watching for a while, and decided it was time to get back onboard.

[papalpower] 08/5/2007 09:08

Ticking up a bit.

[boringreg] 03/4/2007 15:16

PP
Sorry, I've been away on holiday - obviously missed the results. Smack on time and very encouraging. Now we need an announcement about further acquisitions :)

BoR