Netservices Share Discussion Threads

[redissue] 14/7/2009 01:08

Profitable ?

Key Highlights from last results

+---+---------------------------------------------------------------------+
| - | Revenue of GBP3.19m (2008: GBP3.68m) |
+---+---------------------------------------------------------------------+
| - | Gross profit of GBP1.37m (2008: GBP1.60m) |
+---+---------------------------------------------------------------------+
| - | Gross profit margin of 43% (2008: 44%) |
+---+---------------------------------------------------------------------+
| - | EBITDA* before non-recurring items of GBP0.14m (2008: GBP0.22m) |
+---+---------------------------------------------------------------------+
| - | Loss before tax of GBP0.42m (2008: GBP0.003m profit) |
+---+---------------------------------------------------------------------+
| - | Cash in hand at end of period of GBP0.81m (2008: GBP1.28m) |
+---+---------------------------------------------------------------------+
| - | Achieved accreditation as a CISCO Managed Services Channel Partner |
+---+---------------------------------------------------------------------+

[redissue] 14/7/2009 01:07

Profitable ?

Key Highlights from last results


+---+---------------------------------------------------------------------+
| - | Revenue of GBP3.19m (2008: GBP3.68m) |
+---+---------------------------------------------------------------------+
| - | Gross profit of GBP1.37m (2008: GBP1.60m) |
+---+---------------------------------------------------------------------+
| - | Gross profit margin of 43% (2008: 44%) |
+---+---------------------------------------------------------------------+
| - | EBITDA* before non-recurring items of GBP0.14m (2008: GBP0.22m) |
+---+---------------------------------------------------------------------+
| - | Loss before tax of GBP0.42m (2008: GBP0.003m profit) |
+---+---------------------------------------------------------------------+
| - | Cash in hand at end of period of GBP0.81m (2008: GBP1.28m) |
+---+---------------------------------------------------------------------+
| - | Achieved accreditation as a CISCO Managed Services Channel Partner |
+---+---------------------------------------------------------------------+

[gerri-c] 07/6/2007 08:20

Not so curious when one reads that Gartmore have increased their holding from 5% to 9%.

[gerri-c] 06/6/2007 09:37

I would have thought that should imply a pre-release drop in price. Curious.

[obarmoth] 06/6/2007 08:29

Cleared out first thing this morning - didn't like the look of Cantor selling out! Still, got a very quick 20% out of this one...

[gerri-c] 05/6/2007 13:09

The 2.25M L trade could of course be a straight sell, or equally, a buy worked over several days. If a buy, it would at least explain the tick-up on several days last week.

[gerri-c] 01/6/2007 08:38

Put on my monitor a couple of days ago. Looks to have some technical play?

[obarmoth] 01/6/2007 08:36

Anyone else around? Some big trades yesterday, and now up another 7% this morning on zero volume so far - this one looks like it may have a loooong way to run...

[obarmoth] 30/5/2007 17:04

7.7% up on nothing more than two MM buys of £1300 each? Think something's going to happen here tomorrow...

[scoobydoo99] 15/11/2006 20:36

More bad news for NSV - lost 20% of their business and a legal wrangle, matter of time now I think......


V21 to Begin Legal Proceedings Against NetServices plc

V21 to Begin Legal Proceedings Against NetServices plc.

London, November 15, 2006 - V21.co.uk Limited, an Internet service provider recently-acquired by Biscit, today announces that it will begin legal proceedings against NetServices plc (EPIC:NSV) seeking substantial seven-figure damages. The legal action results from NetServices decision to novate some of V21's customers to another service provider.

V21 (recently renamed Biscit CSP) has had a commercial dispute with NetServices for some months and began well before Biscit acquired V21 in October 2006. V21 represents about twenty percent of NetServices' business.

Post acquisition, NetServices presented an invoice to V21 for "burst bandwidth charges" for services it claims it provided to V21's customers from as far back as December 2005. V21 rejected this invoice and launched a full audit into every invoice presented by NetServices to V21 since commercial relations were established in December 2005. The audit began last week.

In October, NetServices also refused to provide technical support to V21 customers and MAC codes allowing V21 customers to migrate to Biscit's secure and robust servers or any other provider.

Today, NetServices, whose share price plummetted this year following a profits warning, decided to take the unprecedented decision to migrate some of V21 customers to another ISP called Ezeedsl, part of the 186k group. V21 strongly recommends affected customers to contact NetServices directly on 0870 753 0900, or by email [e-mail], and ask for their MAC codes.

[74graham] 14/9/2006 07:23

TODAYS EXPRESS POSSIBLE BID

[74graham] 13/9/2006 07:20

big riser 2-day a more positive on rns trading update was always an overeaction drop

[boggits] 02/9/2006 15:54

There have been a number of highly publicised failures of their customers (eve7en/Gio) that have damaged their reputation and likely their bank balance. Competition from Enta Group and Griffen is strong and the triple play side will be bitting hard.

[spikers] 01/9/2006 08:31

Meanwhile insiders actually dumped shares on Aug 8. Ofcause (as per trading statement) executives were unaware of any problems a month back.

[richoneday] 01/9/2006 08:27

Creamery

Sorry that you have been caught on this one.

My view is that the wholesale providers have their hooks so far into NSV that they are the ones who can benefit quickly. Legend have their own issues though and Thus having a nightmare time of integration as I understand it.

Anyone thinking of buying.....just don't!

[suncanaria] 01/9/2006 08:20

Not very good coming to market with out some form of fund raising, with the equity already in deficit.

[creamery] 31/8/2006 23:49

Can you believe that Hoodlass Brennan recommended this share to me as the first big thing in my portfolio in March of this year at 82p. as a star growth stock and suggested that I buy as much as I could afford.

As a penioner I was looking forward to a little nestegg now all I have is the stink. If you are thinking of using this broker for advise I should very sreiously reconsider!!!

[2lb] 31/8/2006 17:29

Wiganer - the FSA should look at the float, nevermind the inevitable collapse into administration only 6 months later.

[2lb] 31/8/2006 17:27

8p tomorrow.

Business customers and broadband customers can't get away fast enough.

And that leaves.............??

[wiganer] 31/8/2006 17:23

Did you mean -100%?

[double6] 31/8/2006 17:16

Well, perhaps 100% is a little optimistic !

[wiganer] 31/8/2006 16:51

"it is likely that the loss for the year will significantly exceed
market expectations"

Shouldn't they have announced that fact BEFORE the price collapsed today? I hope the FSA is going to have a look at this mob.

[double6] 31/8/2006 16:47

Well, there's the profits warning - already factored into the price.