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Share Name Share Symbol Market Type Share ISIN Share Description
Quarto Group Incorporated LSE:QRT London Ordinary Share COM STK USD0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 52.50 50.00 55.00 52.50 52.50 52.50 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 102.4 2.9 10.6 4.9 21

Quarto Share Discussion Threads

Showing 451 to 471 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
23/4/2020
07:52
Many low paid employees here are having wages cut or being furloughed. I gather this is being managed and communicated very poorly. At other publishers, the board is doing the right thing and also reducing their own pay. Is the Quarto board and senior management helping by reducing their pay too? It is these chunkier salaries that will make a difference. Something for staff to ask CEO Polly Powell
stocktastic
29/1/2020
15:38
I doubt Lau's intention is to sell out for 100p to Hurowitz, I think he has longer term and greater rewards in mind. Lau has had plenty of opportunities to disadvantage smaller holders if he wanted to. After the boardroom coup, the change of control clauses gave the bankers significant leverage, and it was Lau willing to put his own money in at the debt level, presumably subordinated to the banks, that kept the company going, made it able to implement the turnaround actions and recap from a position of relative strength. So far Lau has been very fair to minority shareholders so I don't think this is going to change following the recap. I think any leak now is probably more likely to come from someone disappointed by the recap & wanting to limit the controlling shareholding that management will have post recap. Just my guesswork tho.
dangersimpson2
29/1/2020
15:23
'The timing of the leak is interesting too' indeed, yes, rather convenient What I find somewhat off, is that the board, including CK Lau, were the only ones to get to know about an offer for the company of 100p per share Armed with this information, CK Lau has continued to acquire more shares and also stands to get more in this ongoing rights issue. Nice to be able to buy up more of the company at lower prices, then potentially make a nice, guaranteed profit by selling to Hurowitz Smaller holders haven't of course had that 'inside' information to be able to make such gains and unlike CK Lau, are not in a position to also allow such an acquisition to go ahead.
stocktastic
28/1/2020
22:17
https://uk.advfn.com/stock-market/london/quarto-QRT/share-news/Quarto-Group-Inc-Statement-re-Media-Speculation/81616581 hTTps://www.ft.com/content/78679710-41cd-11ea-bdb5-169ba7be433d In late August, Mr Hurowitz proposed to acquire Quarto for 100p per share, a premium on its market value at the time of about 50 per cent. As part of the offer, the US investor proposed to acquire the 34 per cent stake owned by Quarto’s chief executive, CK Lau, and to repay part of its $65m debt load. The offer was rejected early in October in a letter from Andy Cumming, Quarto’s chairman, to Mr Hurowitz. The US investor subsequently wrote back on October 28 to clarify that he planned to extend the offer made to Mr Lau to all shareholders and he also added that he was willing to set up a structure to maintain the company’s public listing. The offer was rejected again by Mr Cumming on November 18. I reckon Lau calculates that this will be worth a lot more than 100p once recapitalised and sufficient costs have been taken out of the business to be profitable again. The timing of the leak is interesting too, since it encourages minority holders to take up their rights and reduce the amount that Lau and Giunti Editori control post recap.
dangersimpson2
27/7/2018
07:46
So there goes Laurence again What a farce (I dont hold, never have)
stocktastic
18/5/2018
11:49
hxxp://www.cityam.com/285988/hanged-drawn-and-quarto-shareholder-revolt-publisher-sees I might have thought it would be best to get that debt paid down in the face of rising interest rates. Better to take all the big hits now to get the business back onto a path of growing profits. The main drag on the share price is going to be the debt.
joepublic1
18/5/2018
07:15
Always thought Laurence would be back.
battlebus2
18/5/2018
07:04
Sounds like one to avoid here!
ny boy
17/5/2018
23:11
Sorry, some 4 million shares (14% of the issued share capital).
theflyingbookmaker
17/5/2018
23:03
My understanding is that the company's decision to suspend the dividend, hard on the heels of awarding the CEO some $3.6m in salary, bonus and shares, rather stuck in Orbach's craw. He, after all, had held on to some 14m shares after his rude ejection. So I think an early resumption of the dividend is nailed on. How that is to be afforded has yet to be revealed, but I am greatly reassured by the return of Mick Mousley, long-serving CFO under Orbach, to the board, albeit in a non-exec role.
theflyingbookmaker
17/5/2018
20:54
Oops. OK I now see further RNS’s released after close of business. I guess we can expect more especially with regards to the debt.
joepublic1
17/5/2018
20:23
Thank you. Do you think we can expect some further statement from the company regarding the extraordinary director changes and whether this now implies a new strategy or change of CEO ?
joepublic1
17/5/2018
15:49
Quarto is a Delaware-registered company and therefore not subject to the Takeover Code.
theflyingbookmaker
17/5/2018
15:38
Well yes spot on. I am wondering what exactly this shenanigins today means for the PI. It seems like Orbach and Lau probably now have effective control of the company. I can’t help but wonder whether this sort of behaviour is correct wrt to other shareholders. I understand there are normally regulations requiring a shareholder over a certain % to make a formal bid. It feels like Orbach may perhaps have circumvented this requirement by acting in concert with other shareholders. Is it as simple as this to avoid the rules ?
joepublic1
18/4/2018
10:45
Laurence Orbach, ousted chief exec, and his very good friend CK Lau now control some 50% of the company between them. I anticipate a very exciting AGM in May. Revenge is a dish. best eaten cold.
theflyingbookmaker
07/3/2018
08:16
Interesting post over on the LSE board.
joepublic1
26/2/2018
12:35
https://uk.advfn.com/stock-market/london/quarto-grp-QRT/share-news/Quarto-Group-Inc-Holdings-in-Company/76798076
cwa1
23/2/2018
15:26
All purchases over last three days are quite substantial, suggesting to me further increases in stake building
robin_lemer
09/2/2018
10:07
Getting even more interesting now Mr Lau increased his stake from 20-25.6%
robin_lemer
25/1/2018
11:58
the wizz kids who were going to show him how it was done certainly haven't done too well that's for sure.
3800
25/1/2018
09:00
Am amazed market makers have not marked the share price higher after the notification of the Orbach stake of 17% equating to purchase cost of approx £5m. He was the CEO and was kicked out in 2013. Interesting developments ahead.
robin_lemer
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
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