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0.00% $1.74 qantm intellectual property limited

Ann: QANTM Receives Further Indicative Proposal, page-6

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  1. WanJ
    134 Posts.
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    15/03/24
    14:58
    Post #: 72907468
    Quadrant Private Equity and QANTM both receive legal advice from the same law firm. See https://www.gtlaw.com.au/people/peter-cook and Experience.

    It might be lesser-known now, but back on November 27, 2018, IPH expressed an interest in purchasing QANTM for $1.80 per share, valuing the company at $230 million. Source:
    https://www.iphltd.com.au/wp-content/uploads/2018/11/ASX-Announcement-Response-to-Media-Speculation-271118.pdf
    https://www.iphltd.com.au/wp-content/uploads/2018/11/ASX-Release-Clarification-regarding-IPH-proposal-to-acquire-QANTM.pdf

    However, this proposal was declined during Leon Allen's tenure (he stepped down in September 2019) as the Managing Director of QANTM. Recall that QANTM had a market valuation of $295 million when it was listed.

    Now, the current offer from Adamantem Capital values QANTM at $254 million.

    QIP Price at posting: $1.50 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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