Wednesday 17 January 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
The December 2017 edition of the UK Investor Magazine is now live: What will Father Christmas be putting in the stockings of the writers of ShareProphets, nine share tips , plus sexism at the BBC
InnovaDerma – “confident in meeting market expectations for the current financial year”, so why an approaching 13% share price fall?
I previously wrote on InterQuest (ITQ) last month; return from suspension… but, with its management shysters, for how long? Today brings a “Notice of General Meeting” announcement…
Writing on InterQuest (ITQ) previously last month, I stated shares suspended… but greater hope for shareholders – and the shares are currently back trading on AIM following the appointment of a nominated adviser and broker. However, there remains a question of for how long?...
Shares in InterQuest (ITQ) have indeed been suspended after it terminated its nominated adviser and broker relationship with Panmure Gordon. However, following an “Update on nominated adviser and suspension” announcement, is there more hope for shareholders than initially feared?...
To the latest from the executive management team at InterQuest (ITQ), Tom responded in a Bearcast - the Utter Motherfuckers who run Interquest say a final "fuck you" to loyal shareholders and Steve Moore in an article – a further addition to the management buyout’s timeline of shame. How have other investors and the bulletin boards responded? Are Gary Ashworth & co now the most hated management on AIM? The following is a selection…
Yesterday brought new shame on Gary Ashworth & co involved in the management buyout of InterQuest Group (ITQ) - as Tom has stated in a BearCast HERE. The following details a timeline of shame…
Following short-term negativity right as the executive management team were trying to buy the company, there is now a further trading update from InterQuest (ITQ). This follows the offer closing earlier this month with 58.32% acceptances (that including the 32.36% interest of founder and Chairman Gary Ashworth) and the independent director, noting the intention statements made in the offer document, having reminded that AIM cancellation requires 75% approval…
An “Offer Closed” announcement from the attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) has been met by a firm response from InterQuest’s independent director…
The attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) have made an “Update” announcement suggesting generosity; “in order to give holders of InterQuest shares who have not accepted the offer prior to the closing of the offer an opportunity to do so”. Au contraire…
The attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) have made an “Offer Declared Unconditional in All Respects” announcement - and the InterQuest independent director, David Higgins, has responded…
The attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) have made an “Update on Level of Acceptances and Offer Extension” announcement…
The attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) have made a “Level of Acceptances Update & Extension of Offer” announcement - and the independent director at InterQuest has responded…
Lambasted for a “materially undervalues” 42p per share offer, the InterQuest (ITQ) attempted management buyout team at Chisbridge Ltd has made a “Response to Defence Document”…
A “Trading update” announcement from InterQuest (ITQ), a company subject to an attempted robber baron (Oops) management, buyout with a first closing date in less than a week. Hmmm...
With the attempted robber barons having recently posted their offer document to shareholders, InterQuest (ITQ) independent director David Higgins, being advised by the company’s Nomad and broker Panmure Gordon, has summarised why the offer should be ignored ahead of writing to shareholders no later than 15th June…
Having announced it is to make a 42p per share offer for InterQuest (ITQ) (Tom made his thoughts clear on the offer HERE) the following features the management buyout team’s (Gary Ashworth, Christopher Eldridge and David Bygrave, (‘Chisbridge’)’s) reasonings for the offer (in bold italics) and my responses following…
Interquest (ITQ) has now announced that there is a formal offer at 42p per share in cash from an MBO team led by Gary Ashworth. That would be the same Ashworth who told us after the last profits warning that the future was bright and the shares were cheap at 52p.
With shares in InterQuest (ITQ) yesterday having increased on the day from comfortably below 40p to well above, at 3:51pm (noting the “recent share price movement” - nothing suspicious to concern AIM regulation then!) a newly created company (Chisbridge Ltd) formed by Gary Ashworth, Chris Eldridge and David Bygrave (respectively InterQuest Chairman, CEO and CFO and 33.3%, 0% and 0.1% shareholders) ‘confirmed’ “that it is evaluating making an offer for InterQuest at 42 pence per share in cash with a full loan note alternative”. They're taking the piss, surely...
Technology sectors-focused recruitment group, InterQuest (ITQ) has announced results from a “challenging” 2016 year of“transformation” following a change in executive management, though is “cautiously optimistic about 2017”.
Following another profit warning recently, InterQuest (ITQ) has been a disastrous tip for 2016 from myself (though, thankfully, outweighed by my other one, Avesco Group, delivering a more than 180% return). But the current 36p offer price for the shares looks to me much too harsh an appraisal…
A latest “Trading update” announcement from recruitment group InterQuest (ITQ) saw the shares fall to to circa 30p although with Jim Mellon upping his stake they are now 35p. We have had a long chat with the company’s Chairman Gary Ashworth.
Shares in Interquest (ITQ) slipped to 32p last week although they are now 33p-34p. I swapped emails with a rather glum chairman Gary Ashworth. Of course Gary is glum, as the largest shareholder his net wealth has been materially dented.
Specialist recruitment group InterQuest (ITQ) has announced disappointing results for the first half of 2016, but we’ve had a reassuring catch-up with early this year commenced CEO here, Chris Eldridge…
I previously updated on my share tips of the year just after the Brexit vote – see HERE. The following updates on developments since…
Writing earlier this month, I remained optimistic on both of my share tips of the year. Post recent developments and amidst current market volatility, I now update…
Maybe the drift in the share price ahead of Monday's profits warning from tech recruitment firm Interquest (ITQ) was telling us something. If so I'm sorry we did not hear it. The statement caused the shares to really tank. To over-react in my view.
Since I last updated, there has not been much share price cheer from my two tips of the year for 2016, but has this been in contrast to the news flow? …
Gary Ashworth is the founder and Chairman of Interquest (ITQ). Gary has a great track record on AIM and I regard shares in his company as being cheap. I hope that his presentation at UK Investor Show demonstrates why. Enjoy.
Specialist recruiter InterQuest Group (ITQ) has announced results for the 2015 calendar year and that “the new financial year has started positively”. Good News.
Following an overall positive 2015 (see HERE), my first of two tips for 2016 was shares in specialist recruiter in technology, analytics and digital markets, InterQuest Group (ITQ) at an 82p offer price. What’s happened here so far this year? …
InterQuest (ITQ) has updated that “trading for the financial year ended 31 December 2015 was in line with market expectations” and that it is “encouraged by the continued growth we are experiencing and the exciting initiatives of our new executive management team”
Specialist recruiter in technology, analytics and digital markets, InterQuest Group (ITQ) was a Tom Winnifrith tip for 2015 where, despite the company last month updating that “trading has continued to be strong and in line with management expectations”, the shares haven’t performed as hoped (TW don't rub it in or its a P45 for January). However, with the valuation now looking much too harsh, a new Chief Financial Officer now in position and a new CEO appointed (to start on 4th January), this is my first tip for 2016.
Following the summer resignations of its CEO and CFO, we maintained faith in technology specialist recruitment group InterQuest (ITQ). It has now followed a recent announcement of an appointment of a new CEO, with news that it has also reached agreement with a new CFO.
InterQuest Group (ITQ) has updated that “trading has continued to be strong and in line with management expectations” and announced “following a comprehensive search, it has reached agreement with Chris Eldridge to become CEO”
InterQuest Group (ITQ) has announced results for the first half of 2015 and that “we enter the second half of 2015 with positive momentum, positioned well to capitalise on the opportunities in the second half of the year and beyond”.
InterQuest Group (ITQ) has announced that Chief Financial Officer Michael Joyce has tendered his resignation in order to take up a role at a private business, though reassured that “trading has continued to be strong since the half year”.
It has been a poor six months for shareholders in Interquest (ITQ). The stock zoomed to 130p as it put itself up for sale but no offers came in at the right price so the shares tanked to 88p. That was a big over-reaction as the company is going great guns. That is why Interquest at 100p is my first Easter share tip (buy).
Two weeks ago Interquest (ITQ) presented at a ShareProphets seminar. Apologies for the delay in showing the video but here it is and for what it is worth I think it was one of the best presentations we have seen at the Monday night seminars.
The conventional wisdom is that you should follow the “insiders” that is the board in terms of buying and selling shares. Sometimes the conventional wisdom is wrong. We can start with buys.
Specialist recruitment group InterQuest (ITQ) has announced results for the 2014 calendar year and that “early trading in 2015 has been in line with management's expectations and the benefits of a bigger contractor book are being seen”.
Specialist IT recruitment group, InterQuest (ITQ) has updated that it expects a “slightly ahead of consensus” outturn for 2014 and that it considers it has “a strong and sustainable platform for continued growth in 2015”.
One of my highlights of Christmas was a gathering of the friends of the woman I once referred to as the deluded lefty, that is to say the Mrs. I was ill so, having cooked for them, I retreated to bed with the cats, but coming down for a cup of tea I heard the most deluded of the lot of them (they are nearly all sociology lecturers) opine that she had “applied for research funding to study how black women are suffering in the recession.” Where does one start?
InterQuest (ITQ) has announced that talks with a potential purchaser are off. In fact it held talks with a number of parties and one was serious but not at a price that Gary Ashworth and his team found acceptable. Gary is the largest shareholder, he has a great track record and I back his judgement 100%.
Shares in specialist IT recruitment group InterQuest (ITQ) have jumped by a net 8% in the past two days to 116.5p on the back of an announcement that “it is launching a review of options open to the company to maximise value for shareholders including a potential sale of the company”. Ching Ching.
Specialist IT recruitment group InterQuest (ITQ) has announced results for the first half of the 2014 calendar year, noting “strong performance in both our contract and permanent recruitment business” and that “we are confident of further success in the second half of the year and beyond”. This all looks good. What next?
A new feature – our share tip of the week (end) and we kick off with specialist IT recruitment group Interquest (ITQ) at a 119p share price where we target a total return of 25% in one year. And here is why.
Specialist IT recruitment group InterQuest (ITQ) has reported results for a 2013 year which saw improving trading and updated that “trading in January and February has been encouraging, especially in respect of recurring contract revenue and we look forward to the year unfolding with confidence”.
Following the release today of preliminary results from recruitment group Interquest (ITQ) house broker Charles Stanley has increased its forecasts and says that the shares, now 99p, are worth 125p.
All three of my tips of the year are based on my macro assumptions which you can find HERE. In this case this is a play on UK GDP growth – I start with recruitment business Interquest (ITQ) at a 92p offer price.
Movember update – four days to go. As you can see below the Movember tash is continuing to grow. I am actually rather starting to like my “follicle splendour” as Mr Kit Ingoldby described my tash.
We tipped Interquest (ITQ) a couple of weeks ago at an 88p offer on our Nifty Fifty website. The offer is now 92p but the shares are still a buy. Here is what we wrote:
My July 2006 recommendation on t1ps.com (the site I founded in 2000 and edited until this September) of shares in specialist IT recruitment group, InterQuest (ITQ) is not one which has covered me in glory. Having tipped the shares at 67.5p, they traded above 80p until economic conditions darkened in the second quarter of 2008. A low of 30.5p was hit in February 2009 and the shares again traded at sub 35p in August of this year. Having recovered a bit, to a current 49p, the company has served up a trading statement today so do you buy sell or hold?
I wrote a bullish update last week on specialist IT recruitment group, InterQuest (ITQ) with the shares at 44p. It is thus pleasing to see them currently 3.4% ahead today at 45.5p following an announcement of an out of court settlement with the vendors of Contract Connections Ltd, which InterQuest acquired in June 2011 for £4 million. The following explains the situation and why shares in InterQuest continue to look to represent a decent long-term play.
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