QMS - QMS Media

[System]

QMS Media was established in 2014 to aggregate a number of outdoor advertising assets, including the businesses currently conducted by QMS APAC and the outdoor advertising assets of Paramount Outdoor, Octopus Media and Drive By Media amongst others.

QMS APAC is one of Australia's leading outdoor advertising media companies, with a high quality and growing portfolio of premium long tenure, high yield assets including landmark digital billboards, static billboards and street furniture. On completion of the IPO Acquisitions, the Company’s portfolio of assets will comprise:

• Landmark digital billboards (Sydney, Melbourne, Brisbane, Adelaide, Gold Coast);
• Static billboards (Sydney, Melbourne, Brisbane, Adelaide, Perth, Indonesia);
• Retail sites (New Zealand);
• Street furniture (Gold Coast); and
• Transit sites (New Zealand, Indonesia).

The IPO Acquisitions will give the Company a strong presence in the Australian market and position it to leverage growth across the Asia Pacific region through its presence in Indonesia and New Zealand.

It is anticipated that QMS will list on the ASX during June 2015.

http://www.qmsoffer.com.au

 

[Trav.]

QMS looks interesting and possible BO trade.

one to watch

 

[Boggo]

QMS looks interesting and possible BO trade.
...

Nice pickup back then.

Weekly chart below with only two days of data in last bar but looking good. Lets see what the next few days bring.

(click to expand)

 

[greggles]

Quadrant Private Equity takes over QMS for $1.22 per share.

QMS Media Limited (ASX:QMS, QMS Media or the Company) has today entered into a Scheme Implementation Deed (SID) with an entity controlled by Quadrant Private Equity, and its institutional partners (together, Quadrant), under which Quadrant has agreed to acquire 100% of the issued share capital of QMS Media via Scheme of Arrangement (Scheme) in an all cash offer of A$1.22 per share (Scheme Consideration) subject to the Rollover Shareholders (as defined below) being entitled to elect to receive a percentage of their Scheme Consideration as scrip consideration.

Subject to QMS Board approval, QMS Shareholders will also be entitled to receive a final dividend of up to 1.3 cents per share for the financial year ending 31 December 2019 (Final Dividend). The payment of the Final Dividend will not alter the Scheme Consideration that is payable under the Scheme.

The Scheme Consideration values QMS Media’s equity at approximately $420.6 million and an enterprise value (EV) of $571.6 million, implying an EV/CY19 EBITDA multiple of 9.4x

The Scheme Consideration of A$1.22 per share represents:

• 36.3% premium to the undisturbed closing price on 23 October 2019 of $0.895 per share
• 39.1% premium to the 3-month VWAP to 23 October 2019 of $0.877 per share
• 48.9% premium to the 6-month VWAP to 23 October 2019 of $0.819 per share

Looks like a good outcome for shareholders given the share price hasn't traded at $1.22 in almost three years.

 

[System]

On February 24th, 2020, QMS Media Limited (QMS) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between QMS and its shareholders in connection with the acquisition of all the issued capital in QMS by Shelley Bidco Pty Ltd (an entity controlled by Quadrant Private Equity).