Re: Solid trading update I agree, this is solid progress although growth tends to be lumpy based on the timing of larger contracts. But why only 3.5p? Cash is already over £4m on market cap of £15m. As soon as SATEON starts to fly so will the share price!
Solid trading update Continued progress, revenue whilst down is way up in terms of the longer term trend and if this continues we'll see the price rise by 20% or so to 3.5p by the end of the year. I'd expect another divi increase perhaps to 0.11 (10% up on 2015) whilst continuing to add cash to the balance sheet. Growth prospects, profit, divis, low borrowing, cash generative, secuity products in an increasing unsecure world, what more can you want from a business? I'll be adding whilst below 3p.
Good analysis report on NWT I found this website that uses analysts estimates of free cash flow to find intrinsic value. Looks promising for Newmark Security: [link]
Share valuation The current share price of 2.88p per share suggests that the market is predicting that net profit for the current year will be 15% lower than the prior year, Now, the Chairman stated in the Annual Report that profits would be down, but did not say by how much. This is the key to establishing a valuation. The Chairman did say that the following year would be better thanks to new contracts coming on stream. So, unless profits for the current year are 20% or worse lower than the prior year, then 2.88p would be a reasonable price at which to buy. Pity we didn't get more informed guidance from the Chairmsn.
NEW ARTICLE: Newmark Security: Jam Today, and the day after tomorrow "Newmarkâs exceptional results will not be repeated in 2016. Thereafter, thereâs room for optimism..If I were to tell you thereâs a credible, albeit very small, company that just earned a record profit and more in cash, that has very ..."[link]
Final results Read pretty well to me with the exception that revenues and profits are unlikely to be as high as the 12 months. The price had probably got a little way ahead of itself but having sold a good number at 4p and above i'm in the fortunate position to buy back in or bank my profits. It would not suprise me to see an RNS around directors selling who will have been in a closed period up until today, other senior staff on the insider list may also have sold a few. We should remember that it was only a month ago that 3.5p was breaking new highs. This is still a long term growthe business that seems to be doing all the right things.
Re: Interim Results 4p. Had to sell some today. I'll obviously regret it when we hit 5p but win some lose some.
Re: Interim Results I've now also purchased 0.75% of Sopheon a tech firm that has good clients and imbedded income c.£8m with overall revenue c.£15m+. A disappointment this year but at £3m market cap like NWT only 3 years ago, a real 3x opportunity as the business drives £1m+ profits in the next 1-2 years. I've just added 15,000 shares and now hold 55,000. Excuse my ramp but I was saying this with NWT just a few years ago but nobody listened then so why not say it again.
Re: Interim Results To be expected and I cannot see why others have not seen these results coming. The company continues to impress with results and I like the fact that they will reward shareholders (even if the majority are within the family). I've now banked 2x my money and still hold 1m shares. Looking forward to the buyout for 10p+ a share that will happen in the next year or two.
Interim Results Published today and they are excellent:[link] Revenue up by 34% from £8.9m to £11.9m overall, a 21% increase after adjusting for acquisition of CSI on 1 November 2013; · Profit from operations was £1,568k (2013: £67k); · Profit from operations before exceptional items was £1,568k (2013: £893k); · Earnings per share 0.31 pence (2013: loss per share 0.03 pence); · Earnings per share before exceptional items was 0.31 pence per share (2013: 0.15 pence); and · Cash flow from operating activities increased to £2,122k (2013: £1,869k). Overall cash inflow in the period was £923K (2013: £894k). The outlook seems positive, surely these are still dirt cheap even after today's 30% rise?