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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
  +0.00p +0.00% 63.00p 62.00p 64.00p 63.00p 63.00p 63.00p 0 08:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 117.1 -0.0 -2.1 - 12.88

Quarto Share Discussion Threads

Showing 251 to 275 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
29/2/2012
21:18
Still only 153 to buy so a decent spread given the near 8p dividend.
battlebus2
25/2/2012
13:40
Also Quarto is rated as a buy in this weeks I.C. citing the repeat business like 3 titles in last years top ten are back in this years. And that debt is on a easily managed multiple of 2.2 times earnings. The low valuation and high yield make the shares a buy. Don't have the link yet.
battlebus2
25/2/2012
13:35
Nice little article in the F.T. No Quarto given The chairman of little Quarto Group doesn't go in for standard corporate-speak. He doesn't go for standard corporate governance either, since he's also the chief executive. Laurence Orbach is my kind of guy. Here he is, reporting the 2011 results this week: "Given the shifting sands underpinning the book publishing business, do shareholders need to be sceptical about the solidity of the entire industry? This is a reasonable question. Even those uninvolved in book publishing might find it difficult to ignore the apocalyptic tone of many reports about the industry, and the evidence that it is facing profound challenges that must be addressed." Over a very long statement, he tries to answer the question, deciding that Quarto's self-help, long-life books don't yet lend themselves to digital media. "Why is Quarto waiting for the dust to settle? We shall continue to make available our titles in e-book format, but we cannot ignore the evidence that it has been extremely rare for firms entrenched successfully in one line of production to transfer their prominence into a newer area of production. How many railroad businesses went into making automobiles successfully? How many manufacturers of carbon paper (remember it?) moved into making copying machines? The list can be extended endlessly, easily swamping the exceptions. "Firms successful in one line of business will experiment with moving into an area that poses challenges and offers opportunities but, inevitably, do so from a defensive standpoint, i.e. trying to extend their reach. In our view, that's what is happening now in the book publishing business. The notion that supplying digital versions of narrative titles represents a major economic opportunity for publishers is largely window-dressing and hokum." All this philosophy and plain speaking has not been rewarded with a decent rating for Quarto shares. There's almost no turnover, the spread is punitive, and I'm showing a loss on the small parcel I managed to buy last year. Still, at 152p the yield is 5.2% on an increased dividend, so I'm happy to wait and read Orbach's prose. He's threatening to retire next year, if the newly-appointed COO is a success. I'd certainly miss him.
battlebus2
25/2/2012
00:25
That was a dummy purchase by myself to see what price i could get and the shares where not marked down as they had been marked up on a u trade at close the day before for a trade of 2 shares. The 10,000 trade today was also a buy as a mm was willing to sell but you'll have to pay 154 for the next as the shares at that price have gone for now. 150/155 is still the quote same as yesterday hope that explains it, we're still heading to £2 imv.
battlebus2
24/2/2012
08:40
today's transaction - sell 169 shares - share price down 5p!
huttonr
23/2/2012
16:55
Agree Tomrob but just look how every trade pushes these up, can't see it being too long before £2.
battlebus2
22/2/2012
09:40
bb2, I don't think we're too divergent in our views of the actual company. I agree that they'll be in business for the forseeable future and that they are likely to be able to continue to provide dividend flows but I don't believe that the rating that they are on will be significantly improved because of the perception of their business held by the wider market. Then again the new guy will find a way to change that perception.
tomrob
21/2/2012
22:39
Got to disagree with you there Tomrob this is on such a low rating theres plenty of upside. Quarto will be in business and continue steady profit streams and dividend increases for the foreseeable future.
battlebus2
21/2/2012
20:03
Perhaps the low rating the market places on these has something to do with the perception that these kind of things: "Both countries' businesses were slightly affected by the collapse of the RED Group, owner of the biggest bookstore chains in Australia and New Zealand, as this led to a lot of dumping of books onto the market........... .........the US number highlights the hesitation of co-edition licensees in the aftermath of the collapse of the Borders book chain. " ....are likely, sooner or later, to be repeated in other markets and affect the long term viability of the business model. Although its covered at length I'm still unclear from the statement, do they have a strategy or even a desire to address the gradual/eventual(?) replacement of the traditional book market? I haven't been back through the numbers but how much of that £10m increase in revenue comes from organic growth and how much is derived from the acquisitions? A little over ten years ago I persuaded my family to sell out from one of the largest remaining independent book manufacturing plants in the UK and I don't regret it. It's still going strong after a couple of re-financing packages for the group that bought us out but it addresses the mass market monochrome market rather than Quarto's kind of stuff however the doors of the factory the acquiring group sent me to post acquisition which was closer to Quarto's market have long been closed now. I bought Quarto for the dividend and continue to hold cautiously for that reason but I wouldn't be expecting a re-rating to give me much on the way of capital gain.
tomrob
21/2/2012
18:22
According to advfn the multiple is only 3.88 which is ridiculously cheap even if you take into account the debt. These should be trading at £2 atleast imv.
battlebus2
21/2/2012
08:46
On my arithmetic that looks like a PE of 5.4 - and the share price has shot up today by 5p
huttonr
21/2/2012
07:44
Well they met expectations of 12 million and the divi went up 10% over the year. Also a mention of new blood on the board, Profit before tax up 5.2% at $12.1 million (2101: $11.5 million) -- Revenues ahead 5.5% at $186.1 million (2010: $176.4 million) -- Earnings per share grew 7.8% to 45.6 cents (2010: 42.3 cents) -- Digital revenues up 500% at $2.1 million (2010: $0.42 million)
battlebus2
20/2/2012
09:32
Don't hold this one bb but it's in my ADVFN favourites because of OIG :o) Which others in OIG do you hold ?
deswalker
20/2/2012
09:19
Could quarto be involved in more corporate activity? Oryx which hold 5% are expecting it will happen within their portfolio but which shares.http://www.investegate.co.uk/Article.aspx?id=201202170931256261X
battlebus2
17/2/2012
15:41
Bit of buying coming in now time to top up.
battlebus2
17/2/2012
12:13
Looks like great results to come on Tuesday with the new aquisition adding quite a bit to the profits. We may even see the divi rise.
battlebus2
06/12/2011
19:12
Ah I see. Yes quite! Particularly when the head of the group does not share the ethos of the companies taken over. Quarto is a very different animal. In the short term they will have the list and may well benefit from market share in the future. But I don't share the doctor's view that this doesn't affect the quality of books and the publishing industry. This type of acquisition really does change the face of publishing to an entirely market led model.
geko5trade
06/12/2011
18:57
Yeah not so easy being part of a group.
battlebus2
06/12/2011
18:48
battlebus, don't follow? Nichol will be gone so no sour grapes there. Do you mean with David Graham? That's a distinct possibility. His buddies will be at Aurum and yes probably won't like FL being called the flagship co.
geko5trade
06/12/2011
18:34
Sour grapes then.
battlebus2
06/12/2011
17:53
The doctor, He's had enough because he would never sell out to a packager given the choice. And that, if you like is the sadness of it, QRT is a packager and not a publisher. Yes they've got the list but the talent in the company is being stripped out. Nichol is much of that talent and effectively the main commissioning editor. So no one is left to buy the kind of books that made FL the company it was, there is no commissioning editor left, or there won't be in a few months. Francis Lincoln should be the 'flagship company' but look where the new MD comes from, Aurum.
geko5trade
06/12/2011
17:29
I have been comparing Quarto with other businesses and am quite concerned about the debt levels. T/O EBITA CASh Profit DEBT Intangibles £units Vodaph 45 20? 6? 10 40 70 BN Quarto 120 25 5 5 80 50 M These are my own figures. Debt is very high at Quarto but it seems justified. The above businesses are different with different competitive risks. Both these businesses are profitable. For Quarto it may be possible to negotiate cheaper financial charges in future.
ddahj
21/10/2011
07:26
A decent update this morning with management expecting to see forcasts.
battlebus2
23/8/2011
16:34
Moving north again now the market realises this is a good deal for Quarto.
battlebus2
16/8/2011
16:21
How do you know 'he's had enough' You say it's a sad day - I disagree that the FL content will have to change much Quarto's imprints are still niche or have the feel of independents. It's unlikely to affect authors or books in general negatively. How is it 'bad for publishing'? Some staff may ultimately have to go to save costs, as is usual in most mergers, but what's actually sad about it? I'm intrigued. Another could be Nicholl realising a great profit, which for his family could mean the FL story finishing on a real high. Sure, FL could have gone on and grown further, but if the owners didnt want to, then so what?
the_doctor
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
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