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Share Name Share Symbol Market Type Share ISIN Share Description
Interquest Group LSE:ITQ London Ordinary Share GB00B07W3X22 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 13.00p 0 05:00:01
Bid Price Offer Price High Price Low Price Open Price
10.00p 16.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 135.97 0.75 1.50 8.7 5.0

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Interquest (ITQ) Discussions and Chat

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Date Time Title Posts
14/5/201812:18Interquest - IT Recruitment673
10/5/201001:36InterQuest releases positive trading statement7
26/4/200817:34Interquest Group - Growing well153

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Interquest (ITQ) Top Chat Posts

safman: Peterhouse appointed.. I would of thought a little unusual for a broker for ITQ.. However the share price has comeback.. strongly.. They are still looking to go private so @ 58% of equity they will have to buy on the open market to reach that 75% figure.. Well done if you bought in the 20s as I did not expect this back.. saffy..
wiseacre: The collapse in the share price has given Chisbridge the opportunity to snap up the shares for cancellation. A new Nomad will surely be appointed when if the shares remain at a discount to the 43p bid price should be a BUY trigger. Now a very good trading opportunity. Fill your boots!
keit4h: They will want to buy more shares to get to 75%. So they will do what they can to get the share price down. Whatever you think of the management they know the company much better than we do and think the shares are such good value at 42p that they want to buy them all.
insomniac36: Using every trick in the book to try to get this con through ... including hounding shareholders no doubt with threats of a crashing share price should this buy out fail - Though that threat is probably not going to bother anyone that bought shares at over 80p in good faith - What difference will another temporary drop make to them until an improved offer comes through ! Wondering if every staff share option they could legally authorise have been exercised now - we should see the names of those staff who are clearly fearful of management or just being used in the next Acceptance update. Let's hope we get more buys above 42p buy from the likes of IPConcept to redress the balance of ownership & keep Chisbridge below the required threshold for control... Waiting to see what happens on the 15th !
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).Similarly the write offs relating to the acquisition of ECOM lie squarely with Mr Ashworth who led the acquisition process himself. Rather than having to defend a money grab, the majority shareholders should be pressing for the dismissal of this bunch of crooks !
bsharman3: I think that the low ball offer is a complete disgrace. Didn't the board have a formal sales process a couple of years ago when the price was around £1? Therefore didn't they expect an offer much higher than the then share price - and now they think it's only worth 42p !
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.
malc999: 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.
dangersimpson2: It shows how crazy 42p was that when the independent directors reject the offer the share price goes up to 46p!
dangersimpson2: Malc999, do you know what factors influence an MM's decision making when moving their prices up or down? I have no direct experience of market making but my understanding is that the vast majority of the time they are simply reacting to supply & demand. The way they profit is by having the maximum volume of trading so they will simply move the price to reflect the buys and sells and end with a neutral book. Of course buying and selling behavior is not as logical as economists would have us believe. While normally a price drop in a commodity would cause people to consume more, when it comes to small cap shares then a drop in price might actually cause selling due to people worried that someone else knows something they don't or due to stops. I'm sure market makers do make use of this behavioral anomaly occasionally to generate sells by dropping the price not raising it - the so called 'tree-shakes'. But it is probably indistinguishable from them simply receiving a large sell order. It is also a risky strategy for them since they may just generate buying volume. And of course there is usually more than one market maker so the response they want cannot be assumed. I personally think this tactic will be used a lot less frequently than most assume. The answer to this is to know your companies well, invest in companies that don't tend to leak information and don't use automatic stops (or if you do accept that they have done what you asked them to.) Anyway back to ITQ - I was pleasantly surprised with the results today - in line on adjusted EPS, vast majority of adjustment genuinely non-cash and one-off (goodwill impairment) net debt down and relatively positive outlook. If they can deliver on that outlook then I expect the share price to be significantly higher in a year's time.
Interquest share price data is direct from the London Stock Exchange
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