“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!...
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…
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…
I previously noted on publishing group Quarto (QRT) the shares slumping as “attractive” price takeover discussions, which had saved from self-admitted “below expectations” first half of 2017 results, were terminated. Having only slightly recovered, there’s now a “Director/PDMR Shareholding” announcement…
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