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Saturday 18 November 2017 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares



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InterQuest – failed-buyout management now seek increased authority to allot shares… What for?

2017-11-14 08:49:57

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…

InterQuest – return from suspension… but, with its management shysters, for how long?

2017-10-13 00:40:56

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?...

InterQuest – shares suspended… but greater hope for shareholders?

2017-09-11 08:43:12

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?...

Are InterQuest’s Gary Ashworth & co now the most hated management on AIM? The Bulletin Boards react

2017-09-08 01:27:50

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…

InterQuest – a further addition to the management buyout’s timeline of shame

2017-09-07 07:20:03

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…

InterQuest – trading update following offer closed. What now?

2017-08-29 05:37:30

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

InterQuest – independent director hits back as management-buyout attempted robber barons announce unconditional offer now closed

2017-08-10 00:10:31

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…

InterQuest – management-buyout attempted robber barons back with an “Update”, so am I…

2017-08-04 00:49:26

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…

InterQuest – management-buyout attempted robber barons try more spin, but it currently still means little

2017-07-27 00:13:21

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…

InterQuest – management-buyout attempted robber barons extend offer again as still struggling on acceptances

2017-07-14 08:30:27

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…

InterQuest – management-buyout attempted robber barons struggling on acceptances

2017-06-24 00:12:05

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…

InterQuest – attempted robber barons respond to Defence Document, admit their offer “constrained”…

2017-06-22 00:55:33

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”

InterQuest – trading warning, but the attempted robber barons admit “solid” longer term fundamentals

2017-06-16 00:17:01

“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...

InterQuest – summarises reasons to ignore offer (from the attempted robber barons)

2017-06-06 00:31:46

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…

InterQuest – an angry shareholder writes…

2017-05-21 02:14:12

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 - sell in the market: chairman Gary Ashworth acts like a prize tosser

2017-05-20 02:01:36

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.

InterQuest – possible management buyout offer, a piss take

2017-05-17 02:01:54

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...

Interquest Results - still a recovery buy

2017-03-16 01:17:38

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”.

ShareProphets Share Tips of the year 2017 number 10: Steve Moore says Buy Interquest

2016-12-27 04:30:16

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…

Interquest another warning and another company chat

2016-12-05 08:59:19

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.

Interquest - share price slippage: Buy

2016-10-19 01:08:05

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.

Interquest Interims - not as bad as they appear ( company chat)

2016-09-10 02:30:56

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…

InterQuest & Avesco – share tip of the year updates

2016-08-26 08:49:20

I previously updated on my share tips of the year just after the Brexit vote – see HERE. The following updates on developments since…

InterQuest & Avesco – share tip of the year updates

2016-06-30 01:00:38

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…

Interquest Profits warning - but dividend secure

2016-06-29 01:28:17

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.

InterQuest & Avesco – share tip of the year updates

2016-06-18 00:20:18

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? …

InterQuest & Avesco – tip of the year updates

2016-05-16 23:56:04

Having previously reviewed in February HERE and HERE, the following updates on my two tips of the year for 2016…

Video: Gary Ashworth of Interquest presents at UK Investor Show

2016-05-05 00:36:27

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.

Interquest results more than decent - buy

2016-03-10 02:26:19

Specialist recruiter InterQuest Group (ITQ) has announced results for the 2015 calendar year and that “the new financial year has started positively”. Good News.

InterQuest Group – share tip of the year update

2016-02-05 05:50:10

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 Trading update - buy

2016-01-26 02:29:44

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”

Steve Moore's share tip of the year Number 1 - Buy Interquest at 82p

2015-12-24 12:28:14

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. 

Interquest - management issues sorted: buy

2015-11-22 08:32:04

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 - good news all round

2015-11-07 05:39:14

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 Interims - Very much on track: buy

2015-09-09 00:14:07

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 - another management change, don't panic buy!

2015-08-31 02:24:47

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”.

Tom Winnifrith Easter share tips (buys) No 1 – InterQuest at 100p

2015-04-05 08:07:31

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).

Video of Interquest presentation at ShareProphets seminar

2015-03-30 02:03:47

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.

A director share trade is not always a signal for you to trade– ref Interquest, Volex & Quindell

2015-03-29 03:19:20

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.

Interquest - cracking results

2015-03-12 02:23:16

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”.

InterQuest - positive ( as expected) trading update: buy

2015-01-09 07:56:28

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”.

Tom Winnifrith’s share tips of the year 2015 – No 1 Buy InterQuest at a 102p offer

2014-12-26 02:38:10

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 Bid Talks off but Trading going Great Guns

2014-12-24 03:13:55

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%.

InterQuest - ching ching!

2014-10-22 11:57:07

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.

InterQuest – Cracking Interims, has to be a corporate play

2014-09-11 07:05:58

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?

Shareprophets Tip of the Week: Buy Interquest at 119p

2014-05-17 18:46:00

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.

Interquest - Very Encouraging Results

2014-03-08 08:20:05

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”. 

Interquest – house broker increases forecasts after prelims – says shares 25% undervalued

2014-03-05 11:48:21

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.

2014 Tip of the year Number 1 – Interquest at a 92p offer

2014-01-04 12:12:21

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.

More Ian Beale than Rhett Butler – thank you G Ashworth Esq of Interquest

2013-11-27 16:01:40

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.

Buy Interquest at a 92p offer price

2013-11-25 12:39:57

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:

Interquest Trading Update: Buy, sell or hold?

2012-11-22 14:59:09

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?

InterQuest - More positive News

2012-11-12 12:59:37

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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