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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Netstore | NES | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 31.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 31.50 | 31.50 |
| Top Posts |
|---|
Posted at 24/2/2004 12:16 by cfb2 Since the good results published the price of NES has dropped day by day. I can't see any reason apart from a share tip which said that people should be taking profits since its recommendation around 10p. I've personally sold out with a tiny profit but will be keeping a close eye on them looking to get back in if investor sentiment changes.Although I'm no longer holding I'd be interested to hear peoples theory on why the price has been dropping. A rise too sharply on results after it had already been factored in to the price? Good luck and best wishes to those still holding, CFB |
Posted at 04/12/2003 11:45 by pacman88 SHARES AND MARKET REPORT - Airports operator TBI takes off on talk of takeover bid. By Michael Jivkov. 945 words 4 December 2003 The Independent - London 26 English (c) 2003 Independent Newspapers (UK) Limited . All rights reserved. This material may not be published, distributed or exploited in any way. A BID for TBI, the regional airports operator, is a perennial story to do the rounds of City dealing rooms, and it was back yesterday. Hot money flowed into the stock on whispers that a European construction group had approached TBI with an 80p a share cash offer. Those who heard the story said offer was not from Vinci, the French construction giant, which tabled a 90p a share bid in 2001. It was the events of 11 September that scuppered the French group's move as the value of aviation assets plummeted in the wake of the attacks on the twin towers. Vinci eventually withdrew its £510m offer but nevertheless remains TBI's biggest shareholder. With a 15 per cent stake it will certainly have a big say in the group's future. Although the latest speculation to surround TBI got the group's shares moving - they rose 2.25p to 61.5p in heavy trading - the company strongly rejected suggestions that it had received an approach. "The rumour is absolute rubbish," said Keith Brooks, TBI's chief executive. Elsewhere, Diageo rose 4.5p to 747.5p as Credit Suisse First Boston returned from a meeting with the drinks giant's finance director, Nick Rose, to report that business was booming at the group. The Swiss broker believes that first-half sales growth is running ahead of the 4 per cent achieved last year thanks to a strong US market. If trading over Christmas delivers, CSFB is of the view that upgrades to Diageo's estimates are on the cards. The wider FTSE 100 index closed 13.1 points higher at 4,392.0. Slight nervousness surrounded Cadbury Schweppes, up 3.75p to 380.75p, ahead of today's trading statement. The statement will address trading during the second half and there was some worry that profits at the group could be suffering because of the weakness of the US dollar. Brambles Industries jumped 11.5p to 194.5p after the pallets group hosted a bullish visit to one of its sites in Madrid. The visit consisted of presentations by various divisional heads at Brambles and a number of analysts came away with the view that the group has turned the corner on its past troubles. Big Food Group continued its phenomenal run yesterday, rising 5p to 148.75p. "There seems to be one persistent buyer out there who wants the stock and does not seem to care what price he pays for it," one market professional commented. BFG shares hit a low of 24p towards the end of last year but have been on the up ever since. The biggest beneficiary of the stock's amazing recovery is Baugur, the Icelandic retailer. Baugur has built a 21 per cent stake in the discount food retailer over the past 12 months, the bulk of which it bought around 40p. Matalan, up 1.75p to 224.75p, was held back by talk that brokers had been cutting their forecasts. According to yesterday's market gossip, trading last month was poor at the discount retailer and there is a growing belief that its is too late for the company to make up the deficit this month. Traditionally out-of-town retailers like Matalan find it hard to get consumers' attention in December, a time of year when the high street sees all the action. There was a rush to exit Securicor, down 4.25p to 81p, amid fears that today's full-year figures could disappoint. Investors are expecting a 7 per cent drop in pre-tax profits at the group to £63m. And things are not going well at WH Smith, down 3.25p to 323p, in the run up to Christmas, according to Investec Securities. Urging clients to reduce their holdings in the retailer, the broker warned that profits from DVDs were under pressure. "Whilst we believe that volume growth is being achieved in DVDs, it is being generated only through internal promotional activity, meaning that gross margins are significantly lower year on year," Investec said. Clarkson put on 15p to 438.5p as analysts lifted their earnings forecasts for the group and told investors that it was without doubt benefiting from extremely strong international shipping markets. Among them was Evolution Beeson Gregory, which raised its pre-tax profit estimate for this year to £11.2m from £9m. If freight rates remain at current levels, profits at Clarkson should easily top the £11m level next year, the broker said. Biotech Phytopharm, steady at 232.5p, announced that it had started a Phase I study into motor neurone disease. The group is due to posts full-year figures next week. Elsewhere in the sector, Bioprogress dropped 9p to 65.5p after unveiling plans to raise £6.6m via a placing and open offer at 50p. The group will use the cash to build a factory to produce its revolutionary drug coatings. Betinternet.com ticked 0.25p lower to 11p after Mark Child, a non-executive, disclosed the sale of 1.1 million shares at 9p. Meanwhile, Northumbrian Water put on 2p to 112p in response to the purchase of 30,000 shares at 110p by Derek Wanless, a non-executive. Netstore gained 1.5p to 37.5p on talk that the software group has signed two chunky contracts in the past month which would give its profits a boost. Bid speculation pushed Chorion 8.5p higher to 196p. Oxus Gold rose 0.75p to 82.5p ahead of today's float on AIM of its Marakand Minerals subsidiary. |
Posted at 11/11/2003 13:50 by pacman88 CitywireEnglish (c) 2003 Citywire.co.uk. All Rights Reserved. S & P code for assoc. stock..: E:NESNES Just the one deal yesterday where the chairman and chief executive of Netstore splashed out on shares in the application service provider despite the high price. * Co-founder and Netstore boss Paul Barry-Walsh spent £35,000 on Friday to add 100,000 shares to his holding at 35p each. This is a drop in the ocean of his total holding which now stands at 15.7 million shares or 16.3% of the £35 million company (NES). However it did have the effect of shoring up investor confidence in the company yesterday as its shares closed 0.75p higher at 37p, just short of its highest price this year of 38.5p. It has more than doubled since the beginning of the year when it wallowed at 18.3p. Barry-Walsh made his move following successful first quarter figures from Netstore last week, which showed the company is continuing to move in the right direction. Its pre-tax losses narrowed from £1 million to £272,000 in the first quarter after a 70% hike in turnover to £5.4 million. The company made more than expected from its existing contracts and had been boosted by continued cost discipline. At the end of the first quarter it had £16 million worth of business secured for the full year with new managed service contracts also in the pipeline. |
Posted at 28/8/2003 04:52 by derit When global growth picks up later this year, investors could profit a great deal from overseas companies. To invest wisely in today's economy; you need info on stocks from all over the world. Even small events in the world can affect or alter our investments. That's why, with the help of this true gem, you will get firsthand information on undervalued stocks which are about to move. They have a great track record and will email you only when there is something worth mentioning. You will not receive any junk mail and the cost is FREE. These shares are traded exclusively in the US markets. |
Posted at 15/8/2003 16:12 by widemouthfrog i've noticed that on the investor relations page, the link to their financial data is broken. the details were always very sketchy, hope they've decided it's time to give concise, up to date info and are re-writing the page (edit: link fixed)it seems to have consolidated and achieved support around 30. the gentle rise in price in the last 2 days is down to a few small buys. anything larger is going to result in sharp steps north. note movement pre and post q3 results, announced 21 may: |
Posted at 26/6/2003 10:00 by pacman88 See comment on NES:Investing in expertise 'Special situations' funds add flexibility and some risk Barbara Wall International Herald Tribune 771 words 25 June 2003 International Herald Tribune 12 English Copyright (c) 2003 Bell & Howell Information and Learning Company. All rights reserved. Forget bonds and blue chips. When markets are on the march, every investment portfolio requires at least one special situations fund for extra leverage. At least, that's what some are saying now. Special situations have become bywords for specific expertise. As the name suggests, the funds target companies with precise criteria based on their size or circumstances. In these funds, stock-picking is paramount. As Peter Fuller, a London-based director of research for Standard & Poor's Corp., said, Investors are not buying an asset class, they are buying a manager's experience and flair. Special situations funds are not generally recommended as core portfolio holdings because of their higher risk profile. And over short periods of time, they can be highly volatile. This is because while mainstream managers have to be mindful of what the compliance officers want in terms of risk and leverage, the managers of special situations funds are generally able to invest in companies that are off the average fund manager's radar screen. More often than not, this freedom from restrictions pays off. Giles Hargreaves, manager of a special situations fund for London-based Marlborough Fund Managers, has rarely missed an investment beat. The fund, which is invested in British small-capitalization stocks, has recovered all the value lost during the bear market. Marlborough Special Situations has gained 20 percent year-to-date. The return over five years is 141 percent. Hargreaves focuses on recovery plays. Recent investments such as GB Rail PLC and Netstore PLC are notable successes. But he is not selling just yet. Although some of the value has gone from the small-cap sector, it is still better to be in rather than out, he said. Many stocks, including GB Rail and Netstore, have a lot of mileage left. Anthony Cross, manager of the Intellectual Capital Fund for Lion Trust in London, is viewed in some circles as a maverick. Cross has devised his own investment theory that, to the annoyance of some fund commentators, has worked well. Cross invests in companies that can demonstrate a sustainable competitive advantage through efficient exploitation of their intellectual or people-based assets. He looks for companies that are big on employee share ownership and provide generous employee incentives. Cross only invests in businesses where the directors own at least 3 percent of the equity. When the directors own part of the business, they tend to take greater care over the structure of the balance sheet and the company's risk exposure, he said. When Cross is not searching for new investment opportunities, he is tracking the flow of company news. News releases will often prompt a portfolio reshuffle well before stock-market sentiment towards a company or sector turns sour, he said. Up until June last year the construction sector was in vogue, but there were signs earlier in the year that all was not well. We had profit warnings from architects' firms and negative news flow from structural engineers. We were able to adjust the fund holdings in time. Cross is not averse to playing the odd contrarian card. When I bought shares in Datamonitor PLC, no one was interested in the company, he said. Suddenly the company is back on track, subscriptions are growing and the fund's investment has trebled in value. Cross is wary of predicting what his next best investment success will be. The trading environment remains tough despite the recent stock-market rally, and there is no strong evidence pointing to a sustainable recovery, he said. Having said that, we are seeing stability in some sectors. When the interim results come through in September, the picture should be less opaque. The fund's portfolio has a bias is toward makers of information technology products, media companies and financial companies. Cross is overweight in stock brokerages and private client financial services. He favors Numis Securities, which is part of Numis Corp., and Evolution Group PLC. He is less keen on real estate and the retail sector. Lemanik European Special Situations appears in the top quartile of offshore Special Situations and Recovery funds over one, three and five years. In the past 12 months it has returned 30 percent. Year-to-date it has gained 12.5 percent. The fund's objective is to invest in European companies likely to have a major impact on the evolution of European stock-exchange indexes. The manager looks for exceptional market situations, such as those created at the time of industrial reorganizations and privatizations. Document INHT000020030625dz6p |
Posted at 20/6/2003 00:08 by pacman88 596 words 19 June 2003 Citywire English (c) 2003 Citywire.co.uk. All Rights Reserved. A trio of deals with directors buying at environmental and safety technology group Halma and financial services software provider Intelligent Environments but selling at application service provider Netstore. * At Halma non-executive director Andrew Walker has made his first foray into the market since his appointment to the board last month. Walker followed up Tuesday's results with the purchase of 35,714 shares at 140p each, a total cost of £50,000. Walker moved in following results which showed a dip in pre-tax profits which was expected and was accompanied by bullish predictions from its chief executive of a return to growth this year. Sales were flat at £267 million and profits slipped by 4% to £46.5 million but such is the cash generative qualities of the £511 million company that it still increased its dividend by 10% to 5.8p. In difficult markets Halma performed resiliently and has grown its business in the US which at 31% of sales is now its biggest market. Chief executive Stephen O'Shea told Citywire the strength of Halma's products to be launched this year gives the board confidence in a return to profitability. Halma's shares shed 1.5p to 138.5p yesterday after rising to a 2003-high of 140p on Tuesday. * At Netstore two non-executives in the form of deputy chairman Jeff Maynard and his fellow non-executive Michael Jackson have both sold down their holdings. Maynard was the biggest seller, offloading 1 million shares at 28p each on Tuesday, banking £280,000 in the process to leave him with 8.275 million shares or 8.6% of the £27.5 million company. Jackson sold 109,806 shares to boost his bank account by a little more than £30,000, he has 883,334 shares left. The sales failed to dent investor confidence in Netstore and its share price closed last night 0.75p better off at 29.25p, its highest closing price since mid-2001. Maynard and Jackson's sales came immediately after the company announced its largest single contract win to date worth £6.5 million over five years. Netstore will provide application services and change management consultancy to the London Borough of Hackney as prime contractor. This eclipses another recent contract with the Housing Corporation which was worth £5.9 million over five years. The revenues from the Hackney contract will not come through in time to bolster Netstore's performance in the year to 30 June 2003. * Clive Richards, the non-executive chairman of Intelligent Environments, a provider of financial services software, splashed out £31,250 on Wednesday to add 500,000 shares to his holding at 6.25p per share. The purchase boosted Richards' holding to 16.95 million shares or 12.2% of the £8.8 million company. It also gave Netstore's share price a boost, it gained 0.875p yesterday to close at 7.25p, a 12 month high. After experiencing tough trading conditions last year as financial services groups across the globe tightened their belts IE had to raise £2.4 million recently, it also closed its US operations. This led to a fall in first half turnover but also a fall in annual costs from £5 million to £3 million. In Europe it managed to increase its sales by 11% to £2.6 million. Document CWIRE00020030619dz6j |
Posted at 17/2/2003 16:04 by cda Shrewd-backed Netstore is starting to generate cash; with profit around the corner, it might be ready to hand some of it back to shareholders. The company is still sitting on some £15.9 million of cash - equal to 70% of its market value. With break even before goodwill close, it is investigating ways in which it might 'if appropriate, achieve a cash distribution to shareholders.' This should please at least one shrewd investor, Paul Curtis, who specialises in investing in cash-rich companies. Curtis has held a small stake in Netstore for some time, and told Citywire this morning he is still hanging on in the hope of seeing some cash back. Other shrewd investors include Giles Hargreave, who reduced his holding in the MFM Hargreave Hale Special Situations fund last week by 50,000 shares but who still holds 1.8 million shares. Roger Whiteoak holds 6.5 million shares in his Throgmorton Trust (THRG). Netstore (NES)is an application service provider (ASP). It runs a data centre and hosts software that big corporate customers access via the Internet for a monthly rental fee rather than an upfront licence payment. Turnover for the six months to December was 3.5 times higher than last year at £6.2 million. Operating losses were down to £1.7 million from £4.3 million and losses before amortisation fell to £400,000 from £3.6 million. Such improvement is thanks largely to last year's acquisition of QSP's hosted financial software business which brought in a large company customer base. To complete the transformation, Netstore said today it has sold its traditional but loss-making small and medium business Microsoft Exchange hosting to rival CobWeb for just £100,000 plus a share of future revenues. More importantly, Netstore has now signed contracts for its largest single contract, a £5.9 million five year contract with the Housing Corporation won in partnership with PC maker Elonex. Chief financial officer Neil Lloyd says the idea is not to develop software, but simply to host it and offer related software and services. The company is focusing on vertical businesses where it believes it can add value, especially in the public sector, and offering new software such as business intelligence. Citywire Verdict: The Housing win is good news because it goes some way to allaying my concerns, voiced on a couple of occasions, about Netstore's ability to win new business. It is one thing to take on the running of an existing system, but the financial applications inherited from QSP are in a different league to the messaging applications Netstore was familiar with, and I am still not convinced about how Netstore will develop this business in the longer term. However most QSP customers sign up for at least three years so the company has time to convince them that hosting with Netstore is the best solution, regardless of which software they use. The potential of some return of cash is always enticing, but what would be even more appealing would be a clear path to building a strong, thriving ASP business that would finally convince the doubters that this business model can work and that could start rewarding investors with a decent dividend policy. In August, with the shares at just 15.75p we said we could see some short term upside. Today the shares are down 1p at 23.75p. If you bought some then a little profit taking might be in order, but bear in mind the possibility of a cash handout and watch for further large contract wins. ©2003 Citywire |
Posted at 10/1/2003 15:31 by gzr Tech expert Bourne picks his small-cap favourites Published: 14:46 Fri 10 Jan 2003 By Laurence Fletcher, Funds Correspondent Respected technology fund manager Michael Bourne says the smaller end of UK technology market now offers investors 'huge opportunities'. Bourne, who manages the £45 million Finsbury Technology trust (FTT) and the tiny £7.5 million Close Finsbury Eurotech trust (CFB), admits he is more upbeat than most about prospects for the sector. He told Citywire: 'We've had three years of misery, and everyone is miserable, including the companies. Their dreams of returning to the growth of their heydays are gone, and they are taking the axe to costs. So there should be profitability improvement because of that. 'Clearly life is tough for all businesses, and there are a lot of worries in general in the world. But wherever you look, expectations are for a decline this year and I think things are not going to be quite as bad as people expect.' He added: 'Whenever the sector does well, there will be selling, because everyone remembers the pain. But I've called the bottom for the sector since the middle of last year and we're in a classic bottoming process.' Bourne has recently bought into a number of companies in the smaller-end of the market; stocks he calls 'fallen angels' written off or forgotten by the market. One such name he has recently picked up is 3D graphics chip designer Imagination Technologies (IMG), whose shares trade at just 19.75p, well down from the peak of 600p they reached in February 2000. He commented: 'It used to be dependent on the games industry, but now it is much better. It's broadened its product range and is now the leader in digital radios. It's always had great technology, but now it's become a business.' Bourne has also bought into speaker technology specialist NXT (NTX), which announced in October it had cut its pre-tax loss for the year to June to £10.8 million from £13.8 million the previous year. However, the group's cash reserves also dropped from £22.7 million to £12.2 million. He has added shares in application service provider NetStore (NES), which in August delivered full-year results ahead of expectations. Globally, he has a large holding in semiconductor stocks, in the belief they have suffered more than the end market because of 'de-stocking'. And he owns a number of telecom equipment names, including Lucent, Nortel, Ericsson and Nokia. He said: 'With the demise of some carriers, telecoms companies' profitability may improve, and they will then have more money to spend. Companies haven't spent money for a while, and there comes a time when you have to spend money.' Bourne also points to growth in new technologies such as digital cameras and some laptops, which he thinks can steal market share even when macroeconomic conditions are difficult. The Finsbury Technology trust stands on a 15% discount to net assets, compared with an average 9% over the past 12 months and an average 23% discount among trusts in the Technology/Media/Tel Its shares are up 6p at 148p. |
Posted at 13/11/2002 07:54 by jojaken Netstore rises on Q3 jump in turnoverWeb hosting company sees revenue more than double By Madeleine Acey FT Investor, 17:47 GMT May 1, 2002 LONDON (FT Investor) -- Shares in Netstore ended higher on Wednesday as the Web hosting and IT services company reported third-quarter revenues had more than doubled and losses had narrowed. The UK company posted turnover of ｣2.5m for the quarter compared with ｣940,000 in the same period last year and ｣1.06m in the second quarter. It reported a loss before tax of ｣1.3m, versus ｣4.35m in the third quarter ending March 2001. Shares jumped 16.1 per cent to close at 18p. Paul Barry-Walsh, Netstore [NES, News, Chart, Research] chairman, said the company's success was down to "getting the formula right" and controlling costs. Margins increased to 42 per cent from 35 per cent and the value of new sales grew. Netstore said the improved figures were despite reduced business from its largest customer, US network equipment giant Cisco (US:CSCO). Messaging services sales were also lower than anticipated. Deferred income at the end of March totalled ｣2m, compared with ｣1.5m in the previous quarter and ｣2.3m in the same period the year before. "The level of interest in our services continues to be high and the value of the prospects pipeline is greater than at any other time in our history," Mr Barry-Walsh said. He added Netstore would continue to look for acquisition opportunities. |
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