Third Quad Capital Share Discussion Threads

[induna123] 15/2/2011 08:13

Ambrian Capital gets bid approach

14 Feb 2011

Stockbroker Ambrian Capital is believed to have received a takeover approach for the £33.6 million company.

It is understood that Third Quad Capital, run by stockbroker Andrew Monk, made a recent approach to Ambrian chief executive Tom Gaffney but was rejected.

Third Quad today changed its name to VSA Capital.

Ambrian's shares have surged in recent weeks, picking up steam after a trading statement on 1 February telling the markets that its profits would be "substantially ahead" of the £1.8 million estimated in its December update.

Shares were up 0.87p to 31.9p today. Before the profits forecast upgrade, they were changing hands at 23.5p.

Analysts said Monk was probably itching to do a deal now that he had got some cash in from the sale of his Formjet computing business. He would have to raise money in the markets to fund a takeover of Ambrian, possibly through some kind of share issue.

Monk is known from his days as chief executive of Blue Oar Securities and was co-founder of Oriel Securities.

Both parties declined to comment.

[induna123] 15/2/2011 08:12

Blimey, that is ambitious. This guy can't slow down. The world is his oyster ;)

[poombear] 14/2/2011 20:57

Anybody see this, I'm not convinced reverse takeovers are good for holders. Certainly ambitious, watch this space.

[moreforus] 14/2/2011 16:29

induna - look at what happened to ZEST and TSEG...even MCR - all renamed and all 50-100% higher

[induna123] 14/2/2011 16:26

I agree m4us. New start today :)

Dont forget to add VSA to your monitor tomorrow.

[moreforus] 14/2/2011 16:20

you'd be amazed at what a simple name change and refocus can do for a company!

[hope67] 14/2/2011 16:16

So VSA it is then

[moreforus] 14/2/2011 16:07

ompletion of disposal and change of name
TIDMTQC

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

[flyingswan] 14/2/2011 10:14

Yes, I think ATC people have moved out, after today's RNS, and investing here at TQC and at ADH and PTCM; as all three are moving up. IMHO

[squire007] 10/2/2011 19:36

got 2mill an expect 1.5p in the short-term GLA

[simon42] 10/2/2011 18:15

Really good to see a jump on a nasty market day. A very positive sign imo. I'm holding for longer term so doesn't really matter but good to see anyway.

[moreforus] 10/2/2011 13:20

induna - typical illiquid small cap - mms cant meet the demand!

[topinfo] 10/2/2011 13:19

Thats me back in TQC for another big bounce!

[induna123] 10/2/2011 13:18

they must be shorter than i thought?

[moreforus] 10/2/2011 13:18

yep...but it;s started to move

[monkey puzzle] 10/2/2011 13:01

Another 100% from here would be nice

[moreforus] 10/2/2011 13:00

nice reversal

[moreforus] 10/2/2011 12:05

look its back to below where it was before it took off...

cant drop another 0.70p from here !!

[induna123] 10/2/2011 12:02

I've had a nibble. I was waiting for 0.6p. Only 0.1p above the last placing.

and least we know they won't have any working capital problems for the next 12 months.

[moreforus] 10/2/2011 11:52

red to blue after a 60% drop..has it bottomed?

[flyingswan] 10/2/2011 09:09

The MM's are playing games this morning.

Just topped up with a few more of these. Buy price was 0.56p so they drop the price to shake a few people out.

Remember news is very near now. IMHO

[squire007] 08/2/2011 23:47

well done you ......... GL

a big winner in time !

[mr_dross] 08/2/2011 19:27

i had a buy order @0.6p for just under 2 million buy i moved it down today to 0.5

i hold over 3 million and want to round up to 5 milion .

i will admit i got caught on the ramp to a degree .
but the deeper i researched monk the more i think he will make a success of this .

we know the GM is on teh 14th and it was always going to trade flat until then . atleast thats what i thought . instead its drifted lower .
i will be well chuffed if i get my order filled at 0.5 as i decided when it was over 1p that this was a 2 / 3 year hold to see where it goes