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