IQ Holding Share Discussion Threads

[lufc5] 01/10/2010 08:28

Capped @ £1.12m.....

[double6] 01/10/2010 08:24

Capped at £10mln ?!?

[sagem] 01/10/2010 07:39

Executive Overview
VERY GOOD NEWS I AM SURE
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Top 10 things you need to know about 1Spatial
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1.Profitable, privately owned, British IT organisation with extensive geospatial data knowledge and skills
2.Delivering enterprise information architectures through data integration, transformation, validation and quality lifecycle management software and services
3.Working on the world's largest seamless geospatial database and data management system at Ordnance Survey Great Britain. Addressing transactional data management and workflow from capture to publishing
4.Spatial Data Infrastructure (SDI) exemplar projects include GeoHub in Northern Ireland and working with almost every Local Authority in Scotland on the Scottish Government ePlanning Project
5.SDI Conformance Model with Tried and Tested™ approach for INSPIRE; exemplar solutions across multiple data themes, such as cadastral parcels, transportation networks and hydrography
6.Winner of several AGI awards for Innovation and Best Practice. Customer solutions for Property Registration Authority Ireland, Department for Transport (through GeoSolveIT), Local Government Boundaries Commission in Northern Ireland and No1. AIDU of the UK Royal Air Force
7.Vendor client tools agnostic - experience of working with industry recognised organisations like Autodesk, Bentley, eSpatial, ESRI, Intergraph, PitneyBowes Business Insight and STAR APIC
8.Oracle Certified Partner - Oracle Certified Professional DBAs for Oracle Spatial consultancy and database set up and tuning. Also hosting and serving OS MasterMap® national coverage data in Oracle
9.ISO9001/TickIT assured continuously since February 1994
10.Supporting the Digital National Framework (DNF) in Great Britain and the UK Location Programme; actively involved in AGI Action Working Group for INSPIRE; only UK technology provider in ESDIN; co-chair of the OGC Data Quality Working Group and a sponsor of the Open Source Geospatial Foundation

[ukmassy] 01/10/2010 07:32

Is this news good or bad?

[jonno1] 01/10/2010 07:27

100:1 consolidation...

[sagem] 01/10/2010 07:06

AT LAST SOME VERY GOOD NEWS



1 October 2010







IQ Holdings plc

("IQ Holdings" or the "Company")





Proposed acquisition of 1Spatial Group Limited ("1Spatial")

Share Consolidation

Admission to trading on AIM

Notice of General Meeting



Key Points



· IQ Holdings ("IQ") has reached an agreement to acquire the entire issued share capital of 1Spatial Group Limited ("1Spatial")

· 1Spatial is a leading provider of products and services that enable clients to collect, audit, manage, modify and reuse geospatial (location based) data

· Current clients include Ordnance Survey, Environment Agency, Cable and Wireless, Royal Air Force, and The Scottish Government

· Following completion of the Acquisition, it is proposed that the name of the Company be changed to 1Spatial Holdings plc in order to reflect the new business strategy




· On completion, the Board members of IQ will step down and the current 1Spatial Board members will take their place





IQ Holdings, the investment group, is pleased to announce that it has today reached an agreement to acquire the entire issued share capital of 1Spatial Group Limited, a leading provider of products and services that enable clients to collect, audit, manage, modify and reuse geospatial (location based) data. Pursuant to the AIM Rules for Companies, the Acquisition will constitute a reverse takeover and will be subject to shareholder approval.



Shareholder approval will be sought at a General Meeting of the Company to be held on 18 October 2010. A resolution to effect a share consolidation through the conversion of every 1,000 Existing IQ Shares of 0.004p each into one IQ Share of 4p each will also be put to IQ Shareholders at the General Meeting. A circular ("Circular"), which comprises an admission document, is being sent to IQ Shareholders today and will be available on the Company's website. The Circular sets out the background to and reasons for the Acquisition, as well as explaining why the Directors consider the Acquisition to be in the best interests of the Company and unanimously recommend that IQ Shareholders vote in favour of the GM Resolutions.



1Spatial provides an intelligent data quality and integration platform for organisations worldwide that need to trust their location-based information. The solutions and services provided are well suited for organisations, which handle high volumes of business critical location-based data. To date, 1Spatial has had significant success in the UK & Ireland, Mainland Europe and Asia Pacific and, therefore, the priority focus will remain on these geographic segments.



1Spatial sells its technology and services to a wide range of organisations, all of whom create or use information which has a location-based element. These organisations include national mapping and charting agencies, public sector organisations, energy and utilities, telecommunications, transport and distribution and defence. (Current clients include Ordnance Survey, Environment Agency, Cable and Wireless, Royal Air Force, and The Scottish Government)



Following completion of the Acquisition, it is proposed that the name of the Company be changed to 1Spatial Holdings plc in order to reflect the new business strategy.



The current Directors of 1Spatial are Nic Snape, Dr Mike Sanderson, Peter Bullock, Duncan Guthrie, and Steve Berry. On completion of the Acquisition, David Marks, Russell Darvill and Julian Green will step down from the Board and the 1Spatial Directors will be appointed to the Board in their place. In addition, it is proposed that Mr Marcus Hanke be appointed to the Board as an independent Non-Executive Director. Further details of the Proposed Directors following Admission are set out in the Circular.



The Directors of IQ, who have been so advised by Libertas, consider that the terms of the Acquisition are fair and reasonable and in the best interests of the Company and IQ Shareholders as a whole. Accordingly, the Directors of IQ unanimously recommend that IQ Shareholders vote in favour of the GM Resolutions to be proposed at the General Meeting





Commenting on the proposed Acquisition David Marks, Chairman of IQ Holdings, said: "We have been looking at potential acquisition candidates for some time now and we believe that 1Spatial offers our shareholders a significant opportunity.



"1Spatial's management has a wealth of experience within the data sector and has steadily grown the business, both organically and through acquisition. The Company has a proven financial track record and a solid business model which we believe offers considerable growth potential."







--END--

[lufc5] 09/9/2010 17:46

Topped up here today at a fraction over .04p....could turn out to be a bargain?

[sagem] 09/9/2010 13:02

Waiting for news of a reverse takeover apparently

[solaking] 26/8/2010 16:57

Mister MD,
which uk-analyst is this? everything seems to be dull here. any further news?
cheers, SK.

[mister md] 25/8/2010 14:27

from UK-Analyst

IQ released its results for the 18-months ended 31 March 2010 that are of academic because the covered the period of fundamental restructuring that resulted in the group divesting all its trading operations and becoming a listed shell. The new executive management team is actively pursuing opportunities that should result in the reverse take-over of the company and hopefully generate shareholder value.

[dicko80] 13/8/2010 14:44

No didnt go to the AGM sk...

jus a waiting game now

[dicko80] 13/8/2010 13:55

news this month is my guess

[solaking] 13/8/2010 13:33

may be off people's radar, but really don't know.
who is sol lopez?
i hope they do it quickly else...

[lufc5] 13/8/2010 12:24

Just over a mil SK.
Am I right in suggesting that this is off most peoples radars or ?
Unusual for sol lopez not to be on here.....LOL
Cheers.
Lufc5

[5uchchi] 13/8/2010 12:09

I was expecting news about RTO from AGM but nothing came out ---Very disappointed and it is frustrating to wait without any concrete news. Can anyone shed some light about AGM and intention of Directors in relation to the future of this company.

[solaking] 13/8/2010 09:00

just hold 719,741 shares here.
it is annoying to me because a day before i bought, i could have easily used the same amount to buy 1,236,000 shares but i hesitated then, and jumped in when i saw this was almost doubling the next day.
and you?
cheers,
SK.

[lufc5] 13/8/2010 00:56

Sola. How heavy are you in to this?

[solaking] 12/8/2010 18:11

lufcs,
please do as i could not find the resolutions on the AGM on their website and could not attend the AGM meeting either.
seems no one attended or who attended is willing to report here despite my plea. arggggghhhhhhhhhhh
SK.

[lufc5] 12/8/2010 17:20

"RNS"
The Board of IQ Holdings plc is pleased to announce that, at the Company's AGM held yesterday, all resolutions were duly passed.

Not been here long. Would anyone be kind enough to post up the resolutions please? In the meantime, I shall try to hunt them down.
TIA

[knowing] 11/8/2010 15:54

Should add one good of news in that sector and it will fly

[knowing] 11/8/2010 15:49

Most shares issued in excess of .1 so people buying now are buying at what the Insti's did.

[solaking] 11/8/2010 15:44

hi knowing,
thanks, for the reply on NGG.
but what do you think about the issued shares which is over 5billion? do you think that will be of a plus or minus for the progress of the share price?
cheers, SK.

[lufc5] 11/8/2010 15:41

Right ok. Agm @ midday today and a 1.4m purchase @ 13:54. Not massive I know, but if there are a few buys, perhaps the next few days, then that would be a good sign. This is one to keep an eye on IMHO.
GLA