Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on QUARTO GROUP INC. We currently have 46 research reports from 4 professional analysts.
|06Apr17 07:00||RNS||Notification of Transactions of Directors|
|03Apr17 07:00||RNS||Rengent and BGD Completion|
|31Mar17 07:00||RNS||2016 Final Dividend Calendar|
|31Mar17 07:00||RNS||Resignation of CFO|
|31Mar17 07:00||RNS||Final Results|
|27Mar17 07:00||RNS||Sale of Books & Gifts Direct Pty Limited|
|24Mar17 07:00||RNS||Disposal of Regent Publishing Services Ltd.|
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Research reports on
QUARTO GROUP INC
QUARTO GROUP INC
Small caps continue to outperform
12 Apr 17
We have seen continued outperformance of smaller company market indices. These indices (refer table 1 below) have at least matched the major indices in the last 12 months and surpassed them in the year to date. Corporate action continues apace. The majority of results have been in line with expectations, with some surprises and setbacks. The outlook is focused upon the current state of the economy with contrasting indications. In Share News & Views we have covered AdEPT Telecom, APC*, Brave Bison*, EU Supply*, Helios Underwriting*, Quarto Group*, Synectics*, Sprue Aegis* and M Winkworth*.
FY2017 results – Focus on core publishing
31 Mar 17
Results reflect a resilient performance from its core publishing with operating profit +17% to $21.7m. Also, following the exit of Books & Gifts Direct there is an impairment charge of $14.2m leading to a reported loss before tax of $1.3m. Adjusted PBT amounted to $13.8m below our $15.4m, reflecting higher losses at BGD, offset by better publishing results. EPS increased by 19% to 54.7c and a final dividend of 9.87c has been recommended. In light of new financial reporting structures, disposals and the outlook, we will review forecasts.
Share & share alike
29 Mar 17
In a key week in a number of respects, some of the optimism that buoyed up markets has dissipated. In the UK, inflation istrending higher and above wage growth, putting pressure on the consumer although retail sales show contrasting signs. Corporate action continues apace. Yesterday there were more than fifty company results – all appear to be at least as expected. We now face a prolonged period of pre-Brexit bargaining. In Share News & Views we have covered Cropper (James)*, ECSC*, Gamma Communications, Goodwin*, Helios*, Manx Telecom, Personal Group and Quarto Group.-
M&A coming to a company near you?
16 Mar 17
Markets have retained their relative strength over the last fortnight. We have seen a mixed reaction to the Budget last week, the passing of the Brexit Bill earlier in the week and the first interest rate hike by the Federal Reserve in the US yesterday. Against this backdrop, we have seen some notable M&A activity across a range of sectors which may move down the market capitalisation scale. We now face an extended period of heightened speculation but “no running commentary” regarding Brexit in the UK after Article 50 is triggered at the end of the month.
Indices are not as flat as pancakes
27 Feb 17
On Shrove Tuesday, some of the various small cap indices we follow continue to hit or remain close to all-time highs, benefiting from growing optimism about the global economy. The State of the Union Address to Congress later today and the UK Budget next Wednesday are key forthcoming events that markets await. In the Budget, the updated OBR forecasts regarding the prospects for UK growth and the state of the public finances will no doubt, be the focus. Primarily, the accelerating flow of forthcoming company results will continue to be the key for investors as we await the passage of the Brexit Bill.
N+1 Singer - Uncovered Gems - Speed Dating Lunch - A Famous Five for the future?
12 Apr 17
On Friday we hosted our third “speed dating” lunch with the management of five very interesting and contrasting companies not under our formal coverage: Be Heard, Byotrol, Gfinity, Oxehealth and Plant Impact. Each company gave a concise and punchy overview of its business and investment case to a group of fund managers, before rapid fire Q&A. Below we summarise our thoughts on each company with more details inside the note, plus some relevant slides. We believe that all five companies are well-managed and well worth a closer look - we intend to repeat this efficient and popular format for engaging with management teams.
19 Apr 17
Lombard Risk Management* (LRM): Beats demanding growth and profit forecasts (CORP) | Frontier Developments* (FDEV): Steaming ahead (CORP) | Tax Systems* (TAX): Right place, right time (CORP) | Acal (ACL): Stronger H2 and brighter outlook (BUY) | Fenner (FENR): Interim results signal upgrades (BUY) | Minds + Machines* (MMX): US and Europe domain sales (CORP)
Small Cap Breakfast
19 Apr 17
Global Ports Holding—Intention to float on Standard List. International cruise ports operator. Seeking $250m raise including $75m primary offer. Dorcaster—Schedule One Update. Admission now expected 3 May. RTO of Escape Hunt raising £14m at 135p Verditek— Intention to float on AIM. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Raising £3.5m. Admission in May. Eddie Stobart Logistics— Schedule 1. Admission expected 25 April but capital raising details TBC. ADES International Holding— Intends to join the Standard List in May raising up to $170m plus a vendor sale. Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa. Admission expected in May. Tufton Oceanic Assets– Offer extended to 9 May to enable investors to complete further due diligence.