Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on QUARTO GROUP INC. We currently have 36 research reports from 4 professional analysts.
|29Nov16 07:00||RNS||Appointment of Joint Corporate Broker|
|15Nov16 07:00||RNS||Director/PDMR Shareholding|
|04Nov16 07:00||RNS||Director/PDMR Shareholding|
|03Nov16 07:00||RNS||Q3 Interim Management Statement|
|13Oct16 07:00||RNS||Capital Markets Event|
|27Sep16 02:01||RNS||Directorate Changes|
|06Sep16 07:00||RNS||Notification Of Transaction|
Frequency of research reports
Research reports on
QUARTO GROUP INC
QUARTO GROUP INC
Share & share alike
11 Jan 17
Last week’s note ‘2016 AIM IPOs- Another discerning year’ *prompted further perusal of the AIM December 2016 Factsheet. With acknowledgement to BuzzFeed – we have set a simple quiz~. Which are the largest companies on AIM, which trade most and how much? It is a timely reminder that at the year end, focus remained on the FTSE 100 and larger companies, yet the prospects for smaller companies continue to be broadly positive. As the company trading statement season gets underway, the initial signs are encouraging. The tone of these updates will set the trend near term.
“So this is Christmas and what have you done?”
21 Dec 16
The answer to the festive question in the lyric – is in the case of the smaller companies market – not too badly really. The table shows that the various indices have all enjoyed the recent rally but have also performed well over the year. The graph on page two highlights the considerable volatility in the year, driven predominantly by macro-economic factors and political developments. All indices ended the year higher with the FTSE 100 and larger international companies leading the way but the smaller brethren have also held their own, on the whole. It seems likely this volatility may well continue in 2017.
Share & share alike
18 Nov 16
The table shows that most markets have surrendered some of their gains in the last month. However, it is worth noting that progress achieved so far this year, and over the last 12 months has been maintained. The majority of company results and news has been as anticipated, with some exceptions. We now have the Autumn Statement on Wednesday 23 November which is likely to set the near term tone for markets. We should also have a better idea of the state of the UK economy currently as well as the outlook for corporate UK, in general. The year-end ‘round ups’ should start again in early January.
03 Nov 16
Quarto has issued an IMS and trading update. It shows that underlying core publishing revenues for Q3 declined by 7.6% but including acquisitions in the year, it increased by 4.6% to $46.9m. Revenues for 9 months from its core publishing was up 11.1% to $105.3m, underlying core publishing revenue was up 4.9%. On the basis of current levels of trading and order book visibility, the group remains confident that it will meet management expectations for the full year and deliver both debt reduction and earnings growth. Buy TP 350p.
Markets maintain their progress ahead of key period
25 Oct 16
Looking at the table, it shows the majority of markets have maintained the progress achieved over the last quarter and year to date but have surrendered some of the gains over the last month. The majority of company results and news has been as anticipated, with some exceptions. Exchange rate volatility hasreduced. The precise path to Brexit remains unclear. Much more pressing for UK markets is the forthcoming Autumn Statement on 23 November and just a fortnight away the US Presidential Election. Key events that as they approach will become a focus for investors and market sentiment, generally.
Five easy P(iece)s
17 Oct 16
Quarto’s capital market event highlighted its market leading position in the global illustrated book publishing sector. Key objectives have been achieved over the last 4 years with a balanced, growing portfolio of 45 imprints being created, a global sales & marketing platform established and the infrastructure to manage expansion in place. The quality and variety of books stood out. The model was neatly encapsulated into 5 easy Ps – people, platform, portfolio, product and process. We reiterate our Buy recommendation and 350p TP.
N+1 Singer - Small-cap quantitative research - Momentum screen refresh + 10 focus stocks
12 Jan 17
We have refreshed our momentum style screen for the first time since inception on 26 July 2016. As before, the screen selects the 25 stocks exhibiting the most extreme momentum characteristics, according to our measurement method. From these we have selected 10 to focus on. Since inception the screen has underperformed both the main small-cap and micro-cap indices against a background of generally rising momentum. We have noted a subset of the basket, where decelerating momentum at the time of measurement appears correlated with significant share price falls since selection. We shall monitor this factor with the new screen, albeit there are only two such stocks showing this pattern, namely Lamprell (not rated) and Gear4music (not rated).
N+1 Singer - Morning Song 12-01-2017
12 Jan 17
As anticipated, the second half has again been stronger than H1 and results will be broadly in line with expectations. In line with this, the order book has continued to grow and is at record levels. This confirms that significant progress has been made in the Group’s shift towards its Technology Products division which, as targeted, contributed c.60% of group revenue in FY16. The small acquisition of Cable Power also gives a complementary boost to the product range. It is also worth noting the significant reduction in net debt, £1.0m ahead of our forecast. We remain supportive of the Group’s strategy and continue to see a bright future as this transition towards a design led technology solutions business continues. We look forward to more detail in March at the final results.
Conviction List Q1 2017
05 Jan 17
Since its inception in 2010, the Conviction List has outperformed the market in 11 of 19 periods and a reinvested Conviction List would have returned 260% against a Small Companies index that would have returned 194%. Our Conviction List returned 0.4% over the last quarter; this was set against the benchmark UK Small Companies index that returned 4.0% over the same period.
Small Cap Breakfast
11 Jan 17
Physiomics* (PYC.L) | Joules Group (JOUL.L) | Premier Asset Management Group (PAM.L) | Evgen Pharma (EVG.L) | Sigma Capital (SGM.L) | Caledonia Mining (CMCL.L) | Omega Diagnostics Group (ODX.L) | Vela Technologies (VELA.L) | Morses Club (MCL.L) | Hummingbird Resources (HUM.L)
What a year it was!
16 Jan 17
2016 got off to a rocky start. Not long into January, after just a few trading days, global equity markets lost more than US$4tn of value due to investor sentiment towards China’s economic slowdown and depreciating currency. This was immediately followed by a slump in the oil price. By the third week of January, Brent Crude hit its year low at $27.10 a barrel causing an immediate sell off in the energy sector. Once the Q1 dust had settled, attention turned to the UK’s vote on whether to remain a member of the EU. The Brexit vote result proved to be a genuine shock for markets, with many investors having believed that the UK would stay within the European Union. Attention soon turned to the equally ill-tempered US Presidential elections and all the political and economic unknowns that Trump’s victory has spawned. As a result, AIM, has seen a roller-coaster of a year in 2016.
Joy of Techs
21 Nov 16
ICT evolution is driven by technological development as advances are made which both meet and shape customer requirements. Our 2011 note No such thing as a telco described the modern reality in that former ‘telcos’ now deliver varying elements of a range of managed services. We built on this theme last year, exploring in further detail their evolutionary paths, operating fundamentals, and cashflow yield similarities. In the consumer environment, demand for bundles of technology is complemented by demand for content. Across the pond, the mooted combination of AT&T and Time Warner typifies the bundled need of ‘pipe’ and content, since unbundled alternatives such as FaceTime and WhatsApp can be easier and clearer to chat over, and Amazon and Netflix are easier to watch anywhere. In the UK, BT’s defensive actions cover delivery, content and capabilities, acquiring EE yet also buying football rights. While TV was long ago added to triple play to become quad play, voice is now merely an app, and fixed and mobile seen as just dumb pipes: it's the content that will influence consumer choices. Growth of TV and film as well as music and gaming over IP leads to UK small cap opportunities. In context of the drive to maximise value from pipes and access by offering content and data, we look at some amongst the potential tech small cap beneficiaries: Amino*, Keyword Studios, ZOO Digital*, 7digital*, KCOM* and CityFibre*.