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Secondary Recommendation

Interquest - IT recruitment firm eyes upturn

May 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ITQ
  • Price:
  • 55p
Towards the end of the last Millennium one of the most successful investments was Abacus, a fast-growing IT recruitment firm, whose shares increased from 20p to 186p when it was eventually taken over by Michael Ashcroft's Carlisle Holdings in late 1998. Founder, Gary Ashworth, walked away with a cool £8.5m, but rather than sitting on a beach he is now attempting to repeat the trick with his new IT recruitment vehicle, Interquest, which floated in May 2005 at 55p. At the time, Ashworth injected £2.5m for a 41% stake, while another big holder is non-executive Luke Johnson (also at Abacus) with nearly 12%. Second time around, Ashworth is ambitious as ever. Ashworth  has built Interquest from a business making a small loss on t ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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