Offer Anybody received the cash yet.
Acceptance document Does today's RNS mean that we will receive the money on Monday 20th March.
Offer My Broker has said that the offer needs to be accepted by March 9th
Re: revenue reduction Panmure also put out a note:"H1 results came in slightly ahead of forecast, but were affected by contract rollout delays as previously flagged. Despite the contract delays, underlying demand for HCM software remains good, and NETD looks well positioned in this market given its global spread, focus on high-consequence sectors, and growing base of recurring revenues (70% of total revenues in H1, including 51% from SaaS). Valuation at 0.5x EV/sales is a substantial discount to larger peers. This points to strong long term upside potential as the group moves towards its $50m revenue target (end-FY18E) and into profitability."
revenue reduction "While NetDimensions (AIM: NETD, OTCQX: NETDY) announced a modest reduction in H1 revenue due to a decline in services and support, this masked an 8% improvement in high-margin licence revenues to $6.8m. Costs fell dramatically, enabling a sharp reduction in the EBITDA loss. New business is increasingly lumpy as the group targets large enterprises in high-consequence industries and we have conservatively eased our numbers. Nevertheless, the quality of business continues to improve with the emphasis on recurring software rental revenue. Following the recent decline, the shares look attractive, given the $11.2m cash position (c 16.5p per share), an attractive growth profile, the cash-generative business model and an EV/sales rating at just 0.4x."Edison update via Research Tree
"We note from the trade press that Omega Performance, a TwentyEighty company, has implemented NetDimensions Analytics. News of this contract dovetails nicely with our ‘times they are a-changin’ viewpoint which argues that there are strong secular drivers in favour of HCM software usage as modern companies; (i) appreciate the trade-off between a tighter economy giving fewer opportunities to bankroll staff loyalty, (ii) want to engage and ‘discover’ their top performers, and generally keep staff satisfied and motivated." Panmure note out this morning, scraped from research tree
Re: big contract win Really? Rather hard to determine just how big or little this is, given that no value is stated. Any idea on what it is?
Placing Not the busiest BB on the screen.Am I missing something here? I don't see any prior notice of a share issue. No RNS. No share offer to existing pi's.I might have missed it, if so apologies but a trawl of news produces no enlightenment.So PI's are apparantly presented with a fait accomple.Cavalier? It looks so but then this AIM and the "rules" like those of the EU are given to very wide interpretation"NetDimensions confirms the conditional placing of 12m new shares at a discounted price of 60p each to raise gross proceeds of GBP7.2m.The new shares represent about 30.7% of the issued ordinary share capital of the Company prior to the Placing and 23.5% of the Enlarged Share Capital.The New Ordinary Shares have been conditionally placed with new and existing investors."
Trading update NetDimensions said both revenue and invoiced sales for the quarter ending March 31 were substantially ahead of the comparative period for the prior year. During the quarter, the Company also added a number of new clients, across its target high consequence industries, with contracts worth an aggregate US$1,236,000 (2014 Q1: $873,000. The average first year invoiced sales value for these new clients also increased 111% to $154,000 (2014 Q1: $73,000).Invoiced sales from new business for the quarter increased by 29% $2.2M (2014 Q1: $1.7M).
NEW ARTICLE: NetDimensions tipped to double "LSE:NETD:NetDimensions sells learning management software to highly regulated industries where companies have to guarantee that staff are fit and proper - think transport, energy, financial services, and healthcare. A multi-year business plan put ..."[link]
Broker 'Buy' recommendation Panmure Gordon reiterated their 'Buy' recommendation today, and increased the target price to 182p.
Revenue and sales higher NetDimensions said sales revenue and invoiced sales for the 12 months to Dec. 31 2014 are likely to be substantially higher than for the prior year. Company management expect to report full-year 2014 GAAP revenue in excess of $22M, comfortably ahead of the consensus forecast of $20M. In addition, the full year loss before interest and certain non-cash items is likely to be smaller than current market expectations.