Share Name Share Symbol Market Type Share ISIN Share Description
Nektan LSE:NKTN London Ordinary Share GI000A12CYF8 ORD 1P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 37.50p 35.00p 40.00p 37.50p 37.50p 37.50p 706 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 0.5 -8.1 -39.6 - 9.04

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Date Time Title Posts
22/8/201608:56Nektan PLC (LSE:NKTN)99

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Nektan Daily Update: Nektan is listed in the Mobile Telecommunications sector of the London Stock Exchange with ticker NKTN. The last closing price for Nektan was 37.50p.
Nektan has a 4 week average price of 41.33p and a 12 week average price of 42.52p.
The 1 year high share price is 146p while the 1 year low share price is currently 34p.
There are currently 24,102,588 shares in issue and the average daily traded volume is 1,154 shares. The market capitalisation of Nektan is £9,038,470.50.
18bt: 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.
biggest bill: I don't like the way the company is burning cash. It looks as if they will be out of money very soon; the fund raising might have to be done at a significant discount to the current share price.
biggest bill: Going by the way the share price is behaving, I suspect the interim results will not make pleasant reading. The departure of directors is not usually a good sign.
pyemckay: lets see how the financials play out in the coming years. That will be the driver of the share price. Under the radar as you say but this will need to convert these contracts into hard cash. Its one of my speculative holdings.
jeffcranbounre: Nektan is featured in today's ADVFN podcast. To listen to the podcast click here> In today's podcast: - Chris Oil, financial writer and city investor will be chatting about a well known name who could be back in fashion. Chris on Twitter is @ChrisOil - And Rodney Hobson, a financial speaker, writer and author of investment books including Shares Made Simple, the beginner's guide to the stock market. Rodney on Twitter is @RodneyHobson - The micro and macro news - Plus the broker forecasts Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    
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