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Nektan Share Discussion Threads
Showing 101 to 121 of 125 messages
|Dai Lenigas loves a placing, probably why he's bought in.
|Interesting note on the Share Prophets web-site (constantly and correctly bearish in 2016): "With any light at the end of the tunnel, one can never quite tell at an early stage whether it is a bright new dawn or a fast approaching train and with limited information on underlying profitability or cash flow here, I am not going to change my stance just yet, as the balance sheet remains unsustainably stretched with more cash required later in the year although I do applaud the underlying growth". - See more at: hxxp://www.shareprophets.com/views/26431/sell-picks-of-2017-review-part-2-nektan-is-that-a-light-at-the-end-of-the-tunnel#sthash.ycgDWuYO.dpuf
TW is going to analyse more when the interims come out.|
|Still going to need some longer term cash, but hopefully next fundraising can be done on better terms|
|Looks fantastic now.|
|Results and fundraising out. Q1 results are good, but you'd think they'd also give an indication of Q2.|
|That is a little concerning. They had better get a move on...|
|No sign of accounts... Suspension looming!!|
|Good news...selling none core asset for cash meaning no fund raise. New CEO, better finances, this will start to perform now. Just needs to convince the market!|
Fund raising needed, dilution or total selloff.
Too little too late|
|Big news...Class II gaming is massive in the US....this is a game changer...not that anyone cares!|
|Read Zeus Capital's note on NEKTAN PLC (NKTN), out this morning, by visiting hxxps://www.research-tree.com/company/GI000A12CYF8
"Nektan today announces the appointment of Leigh Nissim as CEO, who will take over from Gary Shaw who has been Interim CEO since January 2016. Gary will remain on the board and will be appointed Director of Strategy with effect from Leigh’s formal start date in late July 2016..."|
|It's very clear that another fund raising will be required in the near future. I'm not sure that even then the company will get to break even.|
|Read Edison's note on NEKTAN, out this morning, by visiting hxxps://www.research-tree.com/company/GI000A12CYF8
"Nektan’s Q3 trading update shows revenues increasing rapidly, albeit from a much lower base than we hoped last year. We are reintroducing FY16 forecasts (EBITDA loss of £5.6m versus our October 2015 target of £0.2m profit) and will add FY17 in July. With Q316 revenue 115% higher than Q216 and following a cost efficiency programme, we believe that a positive EBITDA run rate is within sight. Nektan’s unconsolidated US JV Respin is also picking up steam and now has 54 signed contracts with casino operators. Nektan successfully completed a £2.93m fund-raising at the end of March to support its continuing growth...."|
|Edison note summary:
Nektan’s Q3 trading update shows revenues increasing rapidly, albeit from a much lower base than we hoped last year. We are reintroducing FY16 forecasts (EBITDA loss of £5.6m versus our October 2015 target of £0.2m profit) and will add FY17 in July. With Q316 revenue 115% higher than Q216 and following a cost efficiency programme, we believe that a positive EBITDA run rate is within sight. Nektan’s unconsolidated US JV Respin is also picking up steam and now has 54 signed contracts with casino operators. Nektan successfully completed a £2.93m fund-raising at the end of March to support its continuing growth.
Resetting our expected growth trajectory
Nektan reported interim revenues of £1.6m on 31 March, up from £0.5m for the whole of FY15, illustrating that its B2B partnerships and house brands are starting to bear fruit. However, the ramp-up in sales was slower than we expected, largely due to slow progress from a significant media partner (£6.7m shortfall), and we have cut our forecasts: we now expect FY16 revenues of £6.2m and an EBITDA loss of £5.6m, down from £15.0m and £0.2m profit respectively. However, the Q316 trading update (18 April) shows the group now moving in very much the right direction, with Q316 net gaming revenue (NGR) of £2.30m, up from £1.07m in Q216 and £0.56m in Q116, and 11 new partners added in the period.
Moving towards an EBITDA positive run rate
Following an extensive review, Nektan has adopted a leaner cost structure consistent with its early stage of development and management has cut the fixed cost base from £0.5m to £0.3m a month. Developer and marketing costs have been largely protected to ensure that the company’s growth potential is not inhibited. We expect Nektan to achieve an EBITDA-positive run rate in this financial year and will reintroduce FY17 estimates in July with the full-year trading update. The recent £2.93m fund-raise (convertible loan notes and equity) has put in place additional working capital and the directors continue to assess the group’s financing options.
Valuation: Greater clarity after July update
Nektan’s recent share price fall is a reflection of its slower than anticipated revenue progression but we believe the growing momentum in its European business, together with the progress of its US JV Respin, point to a business with enduring potential, albeit in a competitive vertical. The next trading update should be a positive catalyst if it confirms progress towards an EBITDA-positive position and, with the reintroduction of FY17 estimates, provides greater clarity on valuation.|
|Still unconvinced by the product.A very hard rod ahead imo|
|Shame AIM and small cap market is so rubbish...taken lower on minimal volumes. Company is doing everything right.|
|More to come as the trajectory looks excellent...now the old CEO and FD have gone (thank goodness) costs have been brought down significantly and the company is only involving itself in profitable lines of business.
One to tuck away.|
|Great trading statement, still not bought directly but looks very good.
|With these figures they look set to beat 2016 market revenue forecasts of £6m revenue|
|Still watching, it seems a bit of a closed shop to a small group of investors to me but may still have a dabble.