Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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I got the message below from Interactive Investor today. But it does not really make sense since shareholder approval has already been given at the December 14 meeting. Has anyone yet received a corporate action notice inviting them to elect for the tender offer? Or will that only come after the delisting?
StockQUARTO GROUP INC COM USD0.10
Event TypeDe-Listing
DescriptionDelisting
Effective date: 18th January 2024
Market affected: London Stock Exchange
Trading restrictions: The last day we will be supporting trading will be 17th January 2024
The Quarto Group Inc has announced its intention to cancel its listing of Ordinary shares from trading on the London Stock Exchange. This is expected to become effective on 18th January 2024, subject to shareholder approval at the meeting to be held on 14th December 2023.
As the shares will no longer be trading on a supported stock exchange you may choose to sell your holding prior to our last day of trading listed above or transfer your holding to another broker.
If you do not wish to sell or transfer, following the delisting we will endeavour to provide you with a share certificate in relation to your holding, should one be issued by the company in the future.
ISA Customers
Due to restrictions imposed on ISA accounts, unlisted shares are not considered an ISA-qualifying investment. Therefore, we will arrange to move your Quarto Group plc shares to a linked trading account, opening one on your behalf if you do not already have one. If that is not possible, we may attempt to withdraw the shares into certificated form, reregistering them into your own name. Certificates received in respect of ISA accounts will no longer be held within the tax efficient wrapper, so will lose any tax benefits.
SIPP, and Junior ISA customers
Unlisted shares are not considered a qualifying investment for these accounts and withdrawals are not permitted from these products. Consequently, holders may wish to liquidate any holdings prior to a delisting becoming effective.
Just a quick FYI for anyone that may be interested.
I attended the shareholder meeting on the 14th and asked the following question…
‘I understand that the RNS has to include the requisite legal caveats, however if we were talking informally, would you be telling shareholders that the tender offer is going ahead but for an act of God?’
The answer I was given was an unequivocal 'yes, that is the case’
Novice here, but does the delisting mean we have to sell our shares if they are currently in an ISA?
Up 13% today, on no news and not particularly heavy volume. Not complaining: another ~5p and I'll (finally) be back in profit.
Andrea Giunti Lombardo has increased his holding to 22%.
He is on the board of Giunti Editore which is the second largest publishing house in Italy. So high possibility of a bid. GLA.
I hope not as this is still so undervalued but I wouldn’t be surprised.
Lau has been hovering up the shares and now has 49.95% of the shares
The turnaround looks to have been incredibly successful. The results today are pretty stunning especially from a cash point of view. Yet no comments on this board which shows how under the radar this company is. That is reflected in the share price which is ridiculously cheap.
Wow volume today is crazy!! Someone is buying. Wouldn't want to be out of this over the weekend ;)
Wrong!
trouble with china tariffs into USA
No one really reads anymore - everythings online
This will run out of steam, in a decline
Debt reducing from doing the recent placing
probably will raise again
Does anyone have any pointers on what may be Dr. Orbach's plan? He has cleared out the old board and the top management. Mrcus Leaver CEO survived the change of control on 17th. May but resigned on 24th! I hope that the SP is at the bottom. Interesting times. T
Your info/comments are much appreciated & correspond to the little that is in the public domain to PI followers of Lord John Lee�s monthly investor column in the FT, who also holds QRT. Most are rendered mute when nursing significant losses as here when staring down the barrel of a cash call capital restructuring due to unsustainable debt ratios.
Nov 23, 2015 at 05:00 Moon and Mackersie take a shine to Quarto UK equity income managers Simon Moon and Fraser Mackersie have bought into international book publisher Quarto Group (QRT) as analysts at Northland Capital restated their ‘buy’ rating, expecting a potential upside of over 60%. Citywire AA-rated Moon and A-rated Mackersie bought over 5% of the business worth £2.4 million at a share price of 220p. The shares are mainly held in the Acorn Income investment trust and the Unicorn UK Smaller Companies fund, as the Unicorn UK Growth fund. In its third quarter update, the group announced that it was on track to meet expectations to deliver earnings growth and reduce debt. Over one year, the shares have climbed 49%, helped by growth in its core publishing business, while revenue was hit due to challenges in its books and gifts arm. Chief executive Marcus Leaver announced that the company’s ‘traditionally strongest fourth quarter’ would help to hit full-year targets although underlying revenues for the year to 30 September were down 4.8% to $120.6 million (£79.3 million).
NORTHLAND CAPITAL PARTNERS VIEW: http://www.proactiveinvestors.co.uk/columns/northland-capital-partners-view-on-the-city/23634/northland-capital-partners-view-on-the-city-ferrex-plc-entertainment-one-and-quarto-group-23634.html The disposal of shares by Harwood Capital and Wellcome Trust has brought a number of new institutional shareholders onto Quarto’s register and should help with liquidity going forward. Harwood became more actively involved in Quarto three years ago and considerable progress has been made since then as CEO Marcus Leaver has brought more focus to the business with the disposal of non-core assets, tighter integration and expansion into growth markets. The current share price fails to reflect the value of Quarto’s substantial base of enduring intellectual property and an international publishing/distribution platform that enables the company to bring new content to market quickly and existing content to new markets. We maintain our BUY rating and 350p price target.
China Shanghai Book Fair Kicks Off http://www.publishersweekly.com/pw/by-topic/international/trade-shows/article/68680-china-shanghai-book-fair-kicks-off.html The third China Shanghai International Children’s Book Fair (CCBF) kicked off Friday in wintry conditions using the sports theme “Joining the World for the Future.” Several new exhibitors made their presence felt this year with big pavilions (such as those by the Nordic countries and Germany) while others take over bigger booths to accommodate their staff and display such as the Quarto Group
Renowned Sex Educator Elle Chase Signs with Quarto Publishing Group to Pen Plus-Size Sex Book http://www.pr.com/press-release/644924
Edison Investment Research The Quarto Group, Inc. Underlying publishing revenues ahead http://www.edisoninvestmentresearch.com/research/report/the-quarto-group4 Quarto’s Q315 trading update indicates that full year results are on track to meet management expectations for the full year, with profits strongly weighted to the final quarter. Group revenues were flat at $54.4m (Q314: $54.5m), with the benefits of acquisitions and positive performance from the underlying publishing businesses being offset by the twin impacts of currency and difficult trading in Australia and New Zealand. With earnings clearly on a rising trend and the debt level continuing to recede, the rating remains at an unjustifiably sizeable discount to the market and sector.
Writing the FutureBook http://www.thebookseller.com/blogs/writing-futurebook-315587 This year’s fifth anniversary FutureBook Conference brings together more than 50 speakers from across the media world for a day of reckoning, realisation and revivification. It will, to borrow from a famous beer advert, refresh the parts other digital and publishing events do not reach. It is the boldest conference The Bookseller has ever put on, with a new venue The Mermaid Theatre, spanning three different streams and taking in everything from mobile to audio, from the future of the academic book to how Twitter can be the bedrock of a successful book campaign. The conference boasts new speakers as illustrious as Jane Friedman, former chief executive of HarperCollins worldwide and now founder and c.e.o. of Open Road Integrated Media; Penguin Random House’s editorial director of audio Caroline Raphael; and bestselling author Simon Scarrow.
Ford Total Performance: Ford’s Legendary High-Performance Street and Race Cars (2015) http://thenewswheel.com/book-review-martyn-schorr-recounts-history-ford-racing-ford-total-performance/
QED Publishing’s Night Sky Watcher Shortlisted for Prize http://www.directorstalkinterviews.com/qed-publishings-night-sky-watcher-shortlisted-for-prize/412663672 The Royal Society announced yesterday the the shortlist for this year’s Young People’s Book Prize and.
There is a new interview of Marcus Leaver CEO on outlook, performance and expectations for the year. http://bit.ly/1FIGkGf
Massive trades gone through.
Mmmmmm......interesting!!
trade just gone thro..?.... morning jange...