ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

NPT Netplay

8.875
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Netplay LSE:NPT London Ordinary Share GB00BZBXBN29 ORD 1.071429P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.875 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Netplay TV Share Discussion Threads

Showing 7076 to 7098 of 7525 messages
Chat Pages: Latest  289  288  287  286  285  284  283  282  281  280  279  278  Older
DateSubjectAuthorDiscuss
18/1/2016
16:58
casabella2, I was looking for a Trading Update also and was assuming that once the company pulled out of the recent bid and share trading began, we would see it. But still waiting... Interesting price action today in a falling market...
jim208
18/1/2016
16:24
Cant see a lot of resistance at these prices.Should be a lot of blue sky ahead.Of course this is all in my opinion.c2
casabella2
13/1/2016
10:40
Bargain Hunters.
If NPT can reassure the market that the recent acquisition is in fact 'cosha' and not 'bogus' as many have suggested it looks dodgy (Belize registered etc), then the share price wouldn't be at rock bottom.

nick rubens
13/1/2016
10:22
Eh up.Blue.
casabella2
12/1/2016
15:29
Does anybody know the thinking behind not releasing trading updates.Surely this has an adverse affect on the share price c2
casabella2
12/1/2016
13:42
This is the full text:-
Netplay football pools talks terminate
The Aim-traded shares of Netplay TV (NPT: 7p) are languishing below the 8.35p buy-in price in my 2015 Bargain Shares Portfolio. True, the company has paid out dividends of 0.55p a share, but even taking these into consideration the holding is 7 per cent under water if you followed that advice 11 months ago.
The price is also down a quarter since my last buy recommendation at the time of the half-year results in September ('Small-cap value plays', 23 Sep 2015). I originally advised buying the shares at 12.5p almost three years ago ('A share to hit the jackpot', 11 Feb 2013), and they have had a rollercoaster ride since then, peaking at 24.25p in January 2014 before derating sharply on concerns of how the business would be impacted by the new UK point of consumption tax marketplace. I thought the derating had gone too far a year ago which is why I included the shares in my 2015 Bargain Shares Portfolio. So why haven't they re-rated like 32Red?
It's certainly not due to the company's finances as Netplay remains in an enviable position of having a cash-rich balance sheet: net funds of £13.9m at the end of June 2015 equate to two-thirds of the company's market capitalisation of £21.5m. The board's strategy is to use this cash to make earnings-accretive acquisitions, but it's clear that investors have been far from impressed by the progress made to date. In August last year Netplay acquired Otherside, an online marketing, product development and technology business, for £2.7m with an additional £500,000 payable 12 months after completion. Otherside reported cash profit of £600,000 on revenue of £2.6m in the 12 months to end-May 2015, so the bolt-on deal is earnings accretive. However, the lack of details provided by the company on the acquisition has not helped investor confidence.
Also, the shares had been suspended since Monday 21 December after the company entered into discussions with Sportech (SPO:60p) in relation to the potential acquisition of The Football Pools business. The board were obliged to suspend the shares in accordance with Rule 14 of the Aim Rules for Companies as the size of the acquisition meant it represented a reverse takeover. Netplay has now dropped out of the running, and the shares relisted yesterday, following news that Sportech subsequently received a number of indicative proposals for the Football Pools business and invited interested parties to submit their best and final proposals by mid-January 2016.
The failure to pursue the Sportech acquisition should not detract from the fact that the board still intends to deploy a cash pile estimated to be about £11.9m at the December 2015 year-end, or more than half the company's current market value, to make earnings-accretive acquisitions. It's my view the catalyst for a re-rating will be when the board finally deploy the cash on some smart-looking acquisitions. So, having run with the holding thus far, and with Netplay's shares rated on a miserly five times cash-adjusted earnings, representing a 60 per cent discount to the rating attributed to 32Red, I feel that the investment risk is skewed to the upside. The full-year dividend of 0.55p a share offers a prospective dividend yield of 7.9 per cent, too, albeit it is only covered 1.3 times by forecast EPS of 0.7p. Needless to say, I continue to rate Netplay's shares a buy.

alan@bj
12/1/2016
12:12
Just given a buy rating here by Simon Thompson-
tromso1
12/1/2016
11:39
Back to where we were, not valued much above cash. Meanwhile 32Red has rocketed (wish I hadn't bailed on that before 90p and moved my money here). Are we next?
jim digriz
11/1/2016
10:57
The fat-lady hasn't sung yet. Sportech were trying to line up suitors for an auction and NPT have won't get sucked-in. Will be interesting to see if the other suitors (who?) now also pull-away; it may still be in-play in a few weeks time.

The SPO chart is fairly passive throughout this saga; maybe no-one believes the sale is going to happen?

One thing is for certain - we need NPT management who are going to skilfully deploy OUR cash.

tightfist
11/1/2016
09:09
Not sure about due diligence. It just looks as though they felt the price was going to be too high and weren't willing to enter into an auction.
alan@bj
11/1/2016
07:59
This company is tainted by the present.
archway1
11/1/2016
07:59
Dropped out of the process and they cannot compete with new competition, good job as the "pools" are tainted by the past
tradermel
30/12/2015
15:50
The Football Pools website is worth a look - www.footballpools.com
Apparently there are still 350,000 players each week.

Sportech Plc's annual report for the year ending 31st December 2014 states the pools' annual income was £38m and EBITDA was £16.6m - representing 36% of group revenue. 2013 Revenues and EBITDA were £43.1m and £17.4m respectively. The reduction was attributed to "a £2.1m decrease in the collector and overseas channels following the closure of a number of collector regions in the year, together with forecast decline."

The financial information above is taken from

The Operational Review of the Football Pools business is on pages 18-19.

alan@bj
24/12/2015
11:11
At least if NPT fails then it's share price might rally back. Not sure if the recent sudden fall was this acquisition concern or the prior one that seems to be a mystery at the moment.
nick rubens
24/12/2015
09:15
Interesting. Not sure npt have much chance of winning. Should the share price really stay suspended?
trentendboy
24/12/2015
08:43
Reported in The Times today that Netplay have competition. Others interested in buying The Football Pools are Contagious Gaming (a Canadian group), an American private equity fund, and a buy-in approach from Ian Hogg, the Pools' former Chief Operating Officer, who is understood to be backed by Burlywood Capital.
alan@bj
23/12/2015
13:02
They could fund it with new NPT shares rather than cash or mix. It all depends on what gets negotiated and at what price both sides feel each other is vindicated etc. Can't see NPT doing financial suicide on the purchase price. I hope not at least.
nick rubens
23/12/2015
09:14
Check out todays Sportech announcement. Its only about the pools not the whole thing.

If I'm honest I don't get NPT buying the Pools. Very odd deal for NPT and going to crucify existing holders:

NPT is a £22m market cap of which £15m is cash so underlying operating business has very little value.

Football pools is a cash cow but has been in decline.

OK NPT own Versons but its not a pools business these days. Just a small sub scale fixed odds bookmaker so no principle synergies. Maybe some cross selling but I suspect the pools customer demographic is different (older, small staking?)

So how could it be funded? If they took on debt the max they could get these days is around 3 x Debt to EBITDA, so £45m of debt. Being conservative lets say NPT have bid £80m plus say £5m deal costs and £5m working cap, thus need another £45m. They have £15 so that's a placing at what price, say 6p?? Basically we get diluted to hell!!

This deal is madness IMO. They need to focus on small profitable casino businesses that have good synergies with NPT's existing business.

brownie69
22/12/2015
10:32
Sagi wasn't on the SPO board or the PTEC board when US deals were not approved for each. It was his direct or indirect shareholding and influence the US authorities didn't like and wouldn't give approval.
nod
21/12/2015
16:03
Perhaps - would it then still be classed as a reverse TO.

Sagi might think the US issue is not so important - he is not on the NPT board for example.

trentendboy
21/12/2015
15:43
I assume the offer is only for The Football Pools and not the whole of SPO. More than half of SPO's gaming business is in the highly regulated US now and the US would not approve any takeover deal involving Sagi.
nod
21/12/2015
09:24
What is the offer price for SPO. That is the question. 70p?

What about the SPO vat appeal?

trentendboy
21/12/2015
09:22
Interesting news. Makes NPT a serious player after this. I suspect Sagi has bigger long term plans involving PTEC

These related party deals make sense in that he knows the strength or weaknesses although one could argue it looks a little suspect at times.

As a PTEC holder these have been good deals and PTEC still need to get a little larger IMO.

trentendboy
Chat Pages: Latest  289  288  287  286  285  284  283  282  281  280  279  278  Older

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com