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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Third Quad Cap | TQC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.725 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.725 | 0.725 |
| Top Posts |
|---|
Posted at 14/2/2011 16:07 by moreforus ompletion of disposal and change of nameTIDMTQC RNS Number : 2117B Third Quad Capital PLC 14 February 2011 Third Quad Capital plc ("TQC" or the "Company", to be renamed VSA Capital Group plc) Result of General Meeting, completion of disposal of the Technology Division, board change and change of name to VSA Capital Group plc Result of General Meeting The Board is pleased to announce that at the General Meeting of the Company which was held earlier today, the following resolutions were approved: 1) the disposal of the group's Technology Division (as outlined in the circular to shareholders dated 28 January 2011) (the "Disposal"); 2) the renewal of the Directors' authority to issue Ordinary Shares for cash without applying statutory pre-emption rights 3) the change of name of the Company to VSA Capital Group plc. The Board is also pleased to announce that the Disposal has now been completed. Board change John McCartney, who was the director responsible for the Technology Division, has resigned from the board and will be leaving the group in order to pursue other opportunities and ventures. He is departing the Company on amicable terms and the Company wishes him well. As announced on 28 January 2011, under the terms of the Disposal, John McCartney will receive 25 million new ordinary Shares in the Company credited as fully paid. Application has been made for the new Ordinary Shares to be admitted for trading on AIM and trading is expected to commence on 18 February 2011. Total Voting Rights Following the issue of new Ordinary shares to John McCartney, the issued share capital of the Company will increase by 4.1 per cent. to 641,153 145 Ordinary Shares of 0.01p each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules (as applied to the Company by AIM Rule 17). John McCartney's shareholding will amount to 75,000,000 ordinary shares equating to 11.7 per cent of the Company's enlarged share capital. Change of name The Company has changed its name from Third Quad Capital Group plc to VSA Capital Group plc. With effect from 15 February 2011, the Company's shares will trade under the TIDM 'VSA'. The Company's website is found at www.vsacapital.com. The Company will publish second interim results for the six months to 31 December 2010 in late March 2011. The Chief Executive Andrew Monk commented: "The Company's growth and future lies with VSA Capital where we will focus on developing an institutional broking and investment banking business. We look forward to the future with considerable enthusiasm and optimism". For further information please contact: Third Quad Capital plc Andrew Monk, CEO Peter Joy, FD 0203 005 5000 Shore Capital and Corporate Limited (Nominated Adviser) Andrew Raca Edward Mansfield 020 7408 4090 Rivington Street Corporate Finance Jon Levinson 020 7562 3357 This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 28/1/2011 20:00 by tabaka Today's news is more than a little disappointing. Whilst I never expected the software business to sell for the sort of figures being bandied around by some I did expect to see a figure of perhaps 2 2.5 million. I am now left with the feeling that the Softline deal from purchase to this proposed resale has been, and still is, bad news for TQC shareholders. Also the sale price does not seem to take any account of potential NHS contracts etc.TQC bought Softline for £1.3 million and plan to sell for£ 1.3 million (effectively giving away the Formjet element of the business for nothing)and during the short period of ownership have managed to reduce the profitability of Softline from around 240K (see RNS of 12/08/10) the previous year to 46K this year. Remember that 300K of this purchase was funded by convertible loan notes subscribed for by Mr Monk and one of the RS group companies these notes will pay them an annual interest rate of 9.5% over the term and can be converted to shares at 0.55p per share going forward. We will still be paying for this after the sale is completed and will face further potential dilution if the convertible option is taken up. The remainder of the purchase was funded by the issue of additional shares for a fundraising and by Mr McCartney taking 50 million shares in lieu of cash. Now under the proposed sale settlements Mr Mc Cartney will in total, as I understand it, be issued with a further 25 million shares most of which will be issued at a value of 0.5p per share. The remaining loan due to be repaid to him over the next five years. Going forward then we will be left with a company with no real assets apart from the Crawley property (valued at 646K) and debts of 600k to Mr McCartney, 100K to Mr Monk and 200K to Rivington Street. All of this against a background of significant issues of additional shares and convertible share options over the last year of so, which has already or could in the future further dilute shareholders. Now it may well be that over time Mr Monk will build up the VSA business into something worthwhile, but at the moment the VSA element of the company is probably not worth much more than 0.32p per share which would value the business at just about 2mill in my opinion (once Mr Mc Cartney's additional shares are issued). This all makes me ask myself why, if Softline is so bad for us why do RS wish to buy it, after all as a significant shareholder of TQC they already have good exposure through their shares to any future upside and can increase that exposure via the convertible options attached to their loan notes. One other point about the software business is the position with Ability and possible NHS contracts as it seems to me that if we did not win a contract it would not materially reduce the value of the business as currently valued whereas if we won a contract it would lead to an increase in value. I would hate to think that an announcement of a contract win would hit the wires soon after the sale is concluded. Personally, I feel we could be better sitting tight at the moment rather than selling at 1.3 million. Anyway just my thought's, no doubt everybody will have their own views and if I have got anything wrong in my thinking please feel free to correct\disagree. I suppose on the plus side the deal will give TQC access to some working capital. |
Posted at 24/1/2011 16:44 by mr_dross RNS Number : 9928ZThird Quad Capital PLC 24 January 2011 Third Quad Capital Plc ('TQC' or 'the Company') HOLDING IN COMPANY Third Quad Capital Plc, the AIM listed UK based group with a technology division and an FSA authorised and regulated securities division, was informed on 24 January that Gordon Lawson no longer has a notifiable interest in the Company. well theres a 10 million seller so far .. another n17 million possabily coming onto the market |
Posted at 20/1/2011 14:36 by 22hoper Post 193This looks interesting. I am also a share holder in PPA, which is currently suspended: To follow up securing joint brokership of the £500 million timber fund Mr Monk seems to be pulling off another potentially lucrative deal with Mr Voaden who he bought VSA off - namely securing a reverse takeover of PPA of which Mr V is chairman. Below is part of my post on that website - I only came across it cos I was looking at the VSA website and their list of clients a couple of weeks ago and started at the bottom of the list. Nearly 50% rise before they were suspended for the deal to be put through. Nice to see that TQC aren't posting RNS's left right and centre but are quietly getting on with the deal making!! Post on PPA Board "A bit of lateral info for the BB. Forget the business in an RTO - look at the deal maker. VSA Capital are steering the corporate stuff on this... run by a guy called Andrew Monk who was very succesful at this stuff till his then business partners bought / pushed him out. He bought up a large part of Third Quad Capital and then used it to pick up VSA Capital when it was on it's uppers with the slump in 2009. He now runs this and is DESPERATE to prove to is former colleagues that they were FOOLS to let him go ...so he is working through VSA capitals client list trying to turn them round...and restore his NAME. You might asked why he hasn't done an RTO with TQC but the point to bear in mind is a dealmaker needs vehicles....MR Monk and TQC are where the profits will end up allowing him to reflate his ego and bank balance. Fees on this deal will be 5-10% of total value I expect PPA will also do a fundraising so looking at fees based on PPA @ £8million of over £1 million as the RTO has got to be worth £10million plus and say £3million fundraising. That is £1million going straight to the bottom line in a company worth less than £3million ....at a PE of 10 it should be worth £30million!!!!! |
Posted at 20/1/2011 13:35 by monkey puzzle Someone tell me why these companies keep getting linked....apart from VSA being house broker to PPA I cannot understand what all the chit chat about PPA is for on TQC...why on earth would a company like TQC want to buy a tiny little mining company? Unless TQC has some plan to make it a much bigger mining company perhaps...all seems a bit far fetched to me but then wdikn? Does Mr Monk really want to give it to WV so much he will look to takeover his 2nd business now or has WV been courting Mr Monk to take the business off his hands? |
Posted at 20/1/2011 10:01 by flyingswan Hi knowing... Thanks for the links on the IPI BB about the 25% recovery in the commercial property sector. I have already started to top up in this sector currently with IPI, MNR and REO.TQC should really start to fly on the next market wave, or when they announce the signing of the PPA deal or we hear of the sale value of the three software companies. I am holding TQC long term, as I see growth value here. IMHO |
Posted at 19/1/2011 20:12 by wi5eguy Andrew Monk is no mugM1das_Touch - 19 Jan'11 - 10:58 - 251 of 425 For all those who have recently joined this thread, or bought into TQC, please note that this was ALWAYS the plan, i.e. to dispose of the software division and to focus on the much more profitable Broking Division. This is where Andrew Monk's area of expertise lies. He started Oriel Securities from scratch as Joint CEO, a company which eventually employed nearly 100 people and had a valuation of approximately £40m. This is good news...the potential here is enormous. But, as ever, please DYOR. I've done a lot of research and feel quietly confident about the prospects for substantial profits. |
Posted at 19/1/2011 10:28 by topinfo DJ Third Quad Capital PLC Stmnt re Share Price Movement TIDMTQC RNS Number : 7288Z Third Quad Capital PLC 19 January 2011 Third Quad Capital Plc Statement regarding share price movement ('TQC' or 'the Company') The Company notes the recent share price movement. TQC can confirm that it is currently in discussions with a potential acquirer of its software businesses in order that it can fully focus on its Financial Services Division as noted in the Company's trading update issued on 4 January 2011. There can be no certainty as to whether a transaction will occur, nor as to the structure or terms on which any transaction might take place. Regardless of the outcome of these discussions it is the intention of TQC to focus on VSA Capital Limited, its Financial Services division, where it has the management skills to run and successfully grow a valuable business for shareholders. Whilst this division is currently performing above expectations, VSA Capital Limited is investing for expansion which does risk constraining short term profitability as it seeks longer term value. For further information, please contact Third Quad Capital plc Andrew Monk, CEO 0203 005 5000 Shore Capital and Corporate Limited Andrew Raca or Edward Mansfield 020 7408 4090 This information is provided by RNS The company news service |
Posted at 18/1/2011 11:26 by flyingswan This looks interesting. I am also a share holder in PPA, which is currently suspended:To follow up securing joint brokership of the £500 million timber fund Mr Monk seems to be pulling off another potentially lucrative deal with Mr Voaden who he bought VSA off - namely securing a reverse takeover of PPA of which Mr V is chairman. Below is part of my post on that website - I only came across it cos I was looking at the VSA website and their list of clients a couple of weeks ago and started at the bottom of the list. Nearly 50% rise before they were suspended for the deal to be put through. Nice to see that TQC aren't posting RNS's left right and centre but are quietly getting on with the deal making!! Post on PPA Board "A bit of lateral info for the BB. Forget the business in an RTO - look at the deal maker. VSA Capital are steering the corporate stuff on this... run by a guy called Andrew Monk who was very succesful at this stuff till his then business partners bought / pushed him out. He bought up a large part of Third Quad Capital and then used it to pick up VSA Capital when it was on it's uppers with the slump in 2009. He now runs this and is DESPERATE to prove to is former colleagues that they were FOOLS to let him go ...so he is working through VSA capitals client list trying to turn them round...and restore his NAME. You might asked why he hasn't done an RTO with TQC but the point to bear in mind is a dealmaker needs vehicles....MR Monk and TQC are where the profits will end up allowing him to reflate his ego and bank balance. Fees on this deal will be 5-10% of total value I expect PPA will also do a fundraising so looking at fees based on PPA @ £8million of over £1 million as the RTO has got to be worth £10million plus and say £3million fundraising. That is £1million going straight to the bottom line in a company worth less than £3million ....at a PE of 10 it should be worth £30million!!!!! |
Posted at 19/8/2010 14:35 by refusenish anyone see this?and..... WELCOME back former Oriel and Blue Oar broking boss Andrew Monk, with a third new business launch. Monk lost out in the battle for control of Blue Oar to "Dr Death" Edward Vandyk in 2008. But he has returned with a bang. He's struck two takeover deals to boost his new company, Third Quad Capital, which now consists of a software business and a stockbroker. Why the name? Monk likes to be reminded of his time at Oxford where he was at Oriel, was captain of the rowing club and, as his new firm attests, lived on the Third Quad at his college. And.....!!!!!!!!!!! RNS Number : 0116R Third Quad Capital PLC 12 August 2010 Third Quad Capital Plc ("TQC" or the "Company") Acquisition of VSA Capital Ltd and Softline Holdings Limited Appointment of Director Equity Placing and issue of Convertible Loan Notes to raise £600,000 Shareholders will be aware that the Board of TQC (the "Board") has been evaluating a number of potential acquisitions over several months. These have included companies in the software distribution and support services sectors, to complement our existing activities, together with businesses authorised and regulated by the Financial Services Authority ("FSA"). The Directors are pleased to announce progress on both of these fronts. ACQUISITIONS The Board is pleased to announce that TQC has acquired the entire issued share capital of VSA Capital Ltd ("VSA") and agreed terms to acquire the entire issued share capital of Softline Limited ("Softline"), (together the "Acquisitions") VSA VSA is authorised and regulated by the FSA and is a London based firm founded in 1989 which provides specialist corporate finance and broking services to companies, particularly those involved in the global resources, oil and gas industries. VSA is a member of the London Stock Exchange and is a PLUS markets corporate adviser. This acquisition provides the group with an FSA regulated entity. With the proven experience and reputation of the management team of TQC, the Board is confident it can grow VSA organically to become a significant part of the group. VSA will retain its focus on global resources and the oil and gas industries to create a specialist firm and will not seek to compete directly against the generalist UK institutional brokers that have become prevalent over the last decade. TQC has acquired VSA for a nominal consideration of £1. VSA's audited accounts for the year ended 31 March 2010 showed it had gross assets of £131,177 and generated a loss before tax of £99,292. The Board believes it can return VSA to profitability in its first full year of ownership. Softline The Board is also pleased to announce that it has agreed terms for the acquisition of the entire issued share capital of Softline, a leading distributor of Macintosh based software based in the Crawley area and which is a complementary fit to TQC's PC based software subsidiary, Formjet Innovations Limited. By integrating the two businesses the Board anticipates cost savings and significant synergies will be generated over time. Furthermore, the Board believes the acquisition will provide Formjet Innovations Limited with critical mass and diversity across both the Macintosh and PC product arenas. Softline's trading subsidiary, Softline UK Limited, was founded in 1989 and is an approved Macintosh distributor and brings with it an experienced team of staff who have many years of experience in the software markets. Softline UK Limited's accounts for the year ended 30 June 2009 showed a profit before tax and management charge (which will be non recurring) of £240,005 and gross assets of £1,331,829. The consideration payable for Softline amounts to an aggregate of £1.3 million, payable as follows: 1) £550,000 in cash payable at completion, which the vendor, will lend to the Company as a medium term loan; 2) £500,000 in cash payable in the following manner: i) £25,000 payable on completion; ii) £175,000 payable on 15 Jan 2011; and iii) the balance payable in instalments of £25,000 per month commencing 15 Feb 2011; and 3) £250,000 by the issue of 50 million shares in the Company at 0.5p together with a further £200,000 (to be satisfied by the issue of 40 million ordinary shares) if the enlarged software division, comprising Softline UK Limited and Formjet Innovations Limited, achieves aggregate profits. |
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