The Third Quad Capital (LON:TQC) share price looks like it is in a nice up trend and may well break-out in the coming days. IMHO:
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This looks interesting for Third Quad Capital (LON:TQC). I am also a share holder in Pan Pacific Aggregates (LON:PPA), which is currently suspended:
To follow up securing joint brokership of the £500 million timber fund Mr Monk seems to be pulling off another potentially lucrative deal with Mr Voaden who he bought VSA off - namely securing a reverse takeover of PPA of which Mr V is chairman. Below is part of my post on that website - I only came across it cos I was looking at the VSA website and their list of clients a couple of weeks ago and started at the bottom of the list. Nearly 50% rise before they were suspended for the deal to be put through.
Nice to see that TQC aren't posting RNS's left right and centre but are quietly getting on with the deal making!!
Post on PPA Board
"A bit of lateral info for the BB.
Forget the business in an RTO - look at the deal maker.
VSA Capital are steering the corporate stuff on this... run by a guy called Andrew Monk who was very succesful at this stuff till his then business partners bought / pushed him out.
He bought up a large part of Third Quad Capital and then used it to pick up VSA Capital when it was on it's uppers with the slump in 2009. He now runs this and is DESPERATE to prove to is former colleagues that they were FOOLS to let him go ...so he is working through VSA capitals client list trying to turn them round...and restore his NAME.
You might asked why he hasn't done an RTO with TQC but the point to bear in mind is a dealmaker needs vehicles....MR Monk and TQC are where the profits will end up allowing him to reflate his ego and bank balance. Fees on this deal will be 5-10% of total value I expect PPA will also do a fundraising so looking at fees based on PPA @ £8million of over £1 million as the RTO has got to be worth £10million plus and say £3million fundraising. That is £1million going straight to the bottom line in a company worth less than £3million ....at a PE of 10 it should be worth £30million!!!!!
Statement regarding share price movement
('TQC' or 'the Company')
The Company notes the recent share price movement. TQC can confirm that it is currently in discussions with a potential acquirer of its software businesses in order that it can fully focus on its Financial Services Division as noted in the Company's trading update issued on 4 January 2011. There can be no certainty as to whether a transaction will occur, nor as to the structure or terms on which any transaction might take place. Regardless of the outcome of these discussions it is the intention of TQC to focus on VSA Capital Limited, its Financial Services division, where it has the management skills to run and successfully grow a valuable business for shareholders. Whilst this division is currently performing above expectations, VSA Capital Limited is investing for expansion which does risk constraining short term profitability as it seeks longer term value.