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NET Netcall Plc

90.00
0.00 (0.00%)
Last Updated: 07:37:29
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Netcall Plc NET London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 90.00 07:37:29
Open Price Low Price High Price Close Price Previous Close
90.00 90.00 90.00 90.00
more quote information »
Industry Sector
SOFTWARE & COMPUTER SERVICES

Netcall NET Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
11/10/2023FinalGBP0.008328/12/202329/12/202309/02/2024
05/10/2022FinalGBP0.005415/12/202216/12/202231/01/2023
06/10/2021FinalGBP0.003723/12/202124/12/202108/02/2022
13/10/2020FinalGBP0.002524/12/202029/12/202009/02/2021
25/09/2019FinalGBP0.00219/12/201920/12/201905/02/2020

Top Dividend Posts

Top Posts
Posted at 03/4/2024 10:01 by platts
Back to 91p after the recent flurry.
My view is that Net is something of a wall flower. When money flows to find a home I don't believe that the company is an obvious target. The company is performing very well just under reported. It also is reluctant to provide news releases of all their new contracts- unless major- and does not seem that aligned in shareholder's interests.
Posted at 23/1/2024 09:15 by wjccghcc
Good trading statement. Revenues+8%, ACV+14% with cloud ACV+19% (+18/28% ex the large contract renewal decrease in ACV). Net cash 28.6mm +4mm since y/e and particularly strong uptake by new customers.

The acquisition means Liberty now offers all top 8 most commonly deployed automation technologies according to McKinsey.

Given their extensive customer base, they're pushing against an open door. It's worth reading some of the customer stories on their website.

Not many software companies with these kind of metrics at this price.
Posted at 21/12/2023 10:22 by platts
My concern simply is the communication of new contracts however initially small, will convey the continual progress of the sales and management of the firm.
It is as if Net flies under the radar most of the time. I am interested in what goes on as I am sure you are too. I do not think twitter is the standard forum for this essential investor communication.
Posted at 22/10/2023 19:35 by wjccghcc
Unlikely - they're moving in quite different business directions.

RE the share sales, I didn't have a problem with them. The Chairman's stake increased and the CFOs stayed the same. The CEO sold a net 13% of his holding (but he is 64 so approaching retirement). In fact the only big reduction was a non-exec.

With 24mm net cash it would have to be a large acquisition to require a placing and whereas they mentioned possible acquisitions in the 2022 finals, this year the emphasis was all on organic investment and growth.

Looking at the low trading volumes, it appears to be PIs selling out in what is the worst market for smallcaps in 15 years so not that surprising. The contract renegotiation and increased investment has led to forecast earnings growth flatlining for the next year and I guess most PIs have a short investment horizon.

CC haven't raised their target price above 130p as the sector has derated significantly over the past 2 years.
Posted at 18/10/2023 16:19 by simon gordon
KTC taken out today. Could see NET getting taken for 120p. Buying back some shares could give management more leverage and breathing room by taking out weaker holders, plus the share price would be a bit higher.
Posted at 17/10/2023 13:41 by platts
Netcall's results remain very positive and the company falls like a stone- a sign of a bear market in my opinion.

My one concern has always been the lack of news releases- Net refers in the latest end of year report about signing up new clients,(no sign of a lack of consumer demand), yet not a single news release about any of this-why not?
Posted at 11/10/2023 14:23 by wjccghcc
Yes. PBT 4.0mm+74% and net cash 24.7mm now 20% of the mkt cap. ACV+15% and +20% if you exclude the significant contract renegotiation which cost them $3mm p.a. although extends it from 2 years to 5 years. Underlying cloud ACV +32% which is accelerating,

It's interesting to see the demand for cloud CE is now increasing alongside the IA demand and they're increasing investment to take advantage of it which means flattish earnings for the next 2 years.

Even so, if you strip out the cash they're on a PE of 20 which seems a bit short-sighted given their sales CAGR of 9-10% over the next 2 years. NRR is 122% which is one of the best in the sector.

It wouldn't surprise me to see a bidder sniffing around to take advantage of the temporary plateau in earnings during this investment phase.
Posted at 01/9/2023 15:53 by platts
Net: weak month and very little buying interest.
Nothing intrinsically wrong with the company- a buy if you have the funds to
get in cheap.
We await for some interesting news release to get things moving.
Posted at 20/7/2023 09:18 by platts
Rises to 112p yesterday on over 500,000 traded shares. This morning falls to 100p on 240,000 shares so far. Great results- is this profit taking from a fund?
Whenever Net falls it is wise to buy on the dip.
Posted at 18/7/2023 10:09 by mesb48
done a bit more digging....

So last year, the gross margin in H2 was quite a bit weaker than in H1 although the product sales mix data didn't look massively different so not sure why. The weaker gross margin however got offset by lower admin costs in H2 so the net EBITDA margin was overall lower in H2 than H1

Two years ago, the gross margin was actually slightly higher in H2, but admin costs were much higher leading to net EBITDA margins lower in H2 than H1.

Revenue in both years was higher in H2 than H1.

Actually their "financial review" commentary is pretty thin on the ground in terms of explaining the P&L, so it doesn't help understand much. So no clear explanation, but it's notable the high level trend I do see in each year was different suggesting there is no clear seasonality. In which case, it's not impossible this time around H2 will follow closer on from H1 and we end up with a forecast beat.

WJ - the info on the twitter recruitment you spotted is helpful, thanks. Last year the trading update was a Wednesday so my guess is there is one tomorrow.

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