APQ Global

LN: APQ

£58.6m market cap

75p last close

APQ is a global emerging markets company targeting a sustainable and growing dividend as well as capital growth, by focusing on investment opportunities with the potential to generate significant income and long-term growth.

Investment summary

APQ is a global emerging markets company targeting a sustainable and growing dividend as well as capital growth, by focusing on emerging markets-focused investment opportunities with the potential to generate significant income and long-term growth. 2018 was a difficult year for emerging markets, with the unaudited book value per share closing at US$0.9784 (c 76.82p). Including aggregate quarterly dividends paid of c US$8.15 (6.0p) during the year, the book value total return was a negative 18.1%. A 1.5p DPS has been declared in respect of the final quarter of 2018, to be paid 1 March 2019. Recent progress with building its direct investment portfolio includes the acquisition of 40% of BARTR Holdings, an innovative start-up with specialist knowledge and operational experience of the wholesale telecoms market, and agreement to acquire a group of trust and corporate service vehicles under the name Palladium Trust Services.

Y/E Dec
Revenue (US$m)
EBITDA (US$m)
PBT (US$m)
EPS (c)
P/E (x)
P/CF (x)
2016A N/A N/A 0.8 1.00 96.6 N/A
2017A N/A N/A 5.5 6.99 13.8 N/A
2018E N/A N/A N/A N/A N/A N/A
2019E N/A N/A N/A N/A N/A N/A
Last updated on 15/02/2019
Industry outlook

APQ seeks to benefit from secular long-term growth in emerging markets and a focus on income returns.

Last updated on 15/02/2019
Share price graph
Balance sheet
Forecast net debt (US$m) N/A
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual (6.3) (6.3) (24.2)
Relative* (10.3) (8.6) (23.8)
52-week high/low 99.0p/75.0p
*% relative to local index
Key management
Bart Turtelboom CEO & Executive Director
Richard Bray Finance Director & Executive Director