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Quarto – open offer makes a mockery of Ince’s ‘unfortunate feature of market conditions’ private investor screwing

2020-01-16 11:57:59

“The Quarto Group Inc. (QRT), the illustrated book publisher and distribution group, today announces that it proposes to raise £13.9 million (approximately $18.2 million) in gross proceeds… at 68 pence per new common share by way of an open offer to the company's existing shareholders”. The price compares to a 75.5p prior close… Ince Group (and Arden Partners) take note!...


Quarto – 2017 results include “expects a steady recovery”, but discounted fundraising ahoy?

2018-03-30 00:48:15

Book publishing group Quarto (QRT) has announced results for the 2017 calendar year, including that “the group expects a steady recovery with some organic growth in Children's, softer foreign language markets, and continuing remedial action in the Adults portfolio, to drive improved cash generation”. The shares have responded… more than 9% lower towards 150p! Hmmm…


Quarto Group – another profit warning, discounted fundraising ahoy?

2017-11-09 04:20:47

Previously writing on publishing group Quarto (QRT) in August, I concluded that a soft retail environment expected to continue and financial concerns saw me continue to avoid. The shares have recently risen to above 145p, but are now back towards 120p following a “Trading Update” announcement…


Quarto – with reaction to results having initially been salvaged by an “attractive” price takeover approach… discussions now terminated

2017-08-16 03:01:40

Publishing group Quarto (QRT) last week announced self-admitted “below expectations” first half of 2017 results, including a significantly increased adjusted pre-tax loss of $8.7 million. However, the share price was saved by an also announced “attractive” price takeover approach. Now though there’s a “Termination of Discussions with Potential Bidder” announcement. Uh oh…


Quarto Group – a bad first half, but states there's an ‘attractive price’ takeover approach…

2017-08-09 00:24:55

Following a recent profit warning, so tries to emphasise “transitional year”, publishing group Quarto (QRT) has announced results for the first half of 2017… as well as an “attractive” price takeover approach…


Quarto – profit warning, so tries to emphasise “transitional year”

2017-07-07 03:29:49

Quarto (QRT) has announced a sale of its Books & Gifts Direct New Zealand business – this following a profit warning earlier in the week…


Quarto – 2016 impacted by Books & Gifts Direct business, but potential value?

2017-01-31 04:29:50

Shares in illustrated book publishing group Quarto (QRT) currently trade approaching 9% lower, at 290p, despite a trading update for 2016 including that “a resilient performance in the core publishing businesses means the group expects to report profits in line with management expectations,…”. Ah. “… excluding the impact of our Books & Gifts Direct business”


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