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 Shares Traded Last Trade
  -0.50 -0.73% 68.00 721 16:35:14
Bid Price Offer Price High Price Low Price Open Price
67.00 70.00 68.50 68.50 68.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 102.40 2.90 10.63 6.7 28
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:14 O 40,000 65.50 GBX

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Quarto Forums and Chat

Date Time Title Posts
27/1/202119:34Quarto - with chart269
14/7/201612:19Quarto Great interview with Group Publisher Erik Gilg!1
21/9/200915:58QUARTO Publishing47
03/1/200617:58QRT--QUARTO UNDERVALUED ON P/E OF 5 ???144

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Quarto Daily Update: Quarto Group Incorporated is listed in the Media sector of the London Stock Exchange with ticker QRT. The last closing price for Quarto was 68.50p.
Quarto Group Incorporated has a 4 week average price of 68.50p and a 12 week average price of 52.50p.
The 1 year high share price is 76p while the 1 year low share price is currently 46p.
There are currently 40,889,100 shares in issue and the average daily traded volume is 3,437 shares. The market capitalisation of Quarto Group Incorporated is £27,804,588.
stocktastic: '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.
dangersimpson2: hTTps:// 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.
joepublic1: hxxp:// 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.
theflyingbookmaker: Sorry, some 4 million shares (14% of the issued share capital).
robin_lemer: 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.
cwa1: And a whopping NED share purchase announced :-)
topvest: Just had another look at the interims. They were truly awful. Balance sheet is insolvent. If you were cynical, you would say it was convenient to announce the possible bid to keep the share price up. They do need a very good Autumn and Xmas trading period. This is not investible to me given the balance sheet. Wonder if Bloomsbury Publishing were interested?
galeforce1: Seems to me quite an interesting risk/reward situation here. Shareholders are reducing or exiting because the preliminary approach and results provide a bit of liquidity in a share that it usually very illiquid. Unfortunately the debt is quite high, but otherwise there are things to like about this company. Very good CEO. Useful niche in illustrated books. Global footprint. Useful insti. investors like Herald and Liontrust. If the bid is at £2.50 and you can buy at £1.50 that would be a nice turn. Of course if the bid fizzles you're left with a holding that's really difficult to sell.
spooky: Heavily offered, someone definitely doesn't think the bid will happen or that the price will be low.
Quarto share price data is direct from the London Stock Exchange
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