The Quarto Group - Better Than Expected Interim Results

The Quarto Group Better Than Expected Interim Results Despite the challenging global economic environment, the Quarto Group announced better than expected interim results, as a continued strong performance from its Book Publishing segment more than compensated a weaker one from its International Co-Division. The group also recently received a written request for a special meeting of shareholders to vote on two resolutions. The resolutions are to remove Laurence Orbach (co-founder, chairman, chief executive officer and largest individual shareholder) as a director of the company; and to elect Tim Chadwick as a director. While we await further news on this, with a significant part of revenues still to come in the second half of the year, we rate the shares as a strong buy. Click to Download Full Report Table: Financial overview Year to 31st Dec. 2010A 2011A 2012E 2013E Revenue (£m) 176.41 186.13 187.00 191.00 EBITDA*($m) 36.26 37.32 37.35 38.15 PBT* ($m) 11.51 12.11 11.65 12.48 EPS*(cents) 42.3 45.6 42.7 46.4 Dividend (cents) 11.63 12.44 12.44 13.00 Source: GECR and company Notes: *Exchange rate of £1:$1.61 assumed for period covering 2012-2013. Before exceptional & amortisation of intangibles. Strong Buy Target price 251p Key data Share Price 141.50p 52 week high/low 157.50p / 117.50p Primary exchange LSE EPIC QRT Shares in issue 20.44 m Market Cap £28.93m Sector Media Valuation EV/EBITDA* 8.50 EV/Sales 0.66 NAV* / Share 472p *Adjusted Affiliations: None. Important: All disclaimer information can be found on the last page of the document

If you do not wish to receive such emails please use the following link to unsubscribe.

UK-Analyst.com is owned by t1ps.com Ltd which is authorised and regulated by the Financial Services Authority

The hot share tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the share tips contained here should seek independent advice from a Financial Services Authority authorised Stockbroker or Financial Adviser. So, while we would not wish to reduce our liability under the FSA regulatory regime, we cannot otherwise be held liable if individuals suffer losses through following share tips contained on this site or emailed out as free share tips. The value of investments can go down as well as up. The past is not necessarily a guide to future performance. Investing in shares can lose you part or all of your capital although the potential returns are theoretically unlimited. The difference between the buy share price and the sell share price for smaller company shares (penny shares) can be significant. Profits from dealing in shares may be liable to tax - the level of tax and bases of relief from tax are subject to change. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Financial spread betting is a high risk investment, losses from which are potentially unlimited. Some of the shares recommended on this site will be smaller company shares. By their nature such investments can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares (or 'small caps'/'penny shares'). UK-Analyst.com defines a smaller company share as any stock traded on AIM or PLUS or which has a market capitalisation of less than GBP300 million.