Netstore Share Discussion Threads

[widemouthfrog] 22/1/2004 12:22

Neutral (Long term) - Jan 21, 2004
Has fallen 78% since the peak on 6 Sep 2000 at 168. Is within a rising trend. Continued positive development within the trend channel is indicated. Has risen strongly since the positive signal from a double bottom formation at the break through the resistance at 22.50. The objective at 32.91 is now met, but the formation still gives a signal in the same direction. The stock has support at p 23.00. The poor liquidity of the stock (traded 100% of the days, mean 3.65 mill per day) may weaken the analysis.

[egoi] 15/1/2004 15:46

Very little resistance above here and often mirrors previous long slow rise, about 100%!!! So 80p, but may too ambitious. Trades today all at mid-price so jury out as to what is going on. Will dig and see if anyone knows more over weekend.

[camiladasi] 14/1/2004 20:24

egoi, second big sale (250K) went thru on the bell. Hope this is the last of these and that the overhang can be mopped up fairly quickly. Any thoughts on where the next resistance is once the 38 hurdle is overcome? thanks, camlad.

[egoi] 14/1/2004 16:03

Now we know. I had heard there might be an overhang of about 300,000 shares holding back the price, and lo and behold a seller. If that is the overhang cleared, then maybe the long awaited chart breakout will not only happen but decisively. Quality business despite having net in the name!

[widemouthfrog] 14/1/2004 11:12

netstore "users showcase", durham 22.1.04 - see
we've had good consolidation in this range.
roll on results.

[widemouthfrog] 08/1/2004 14:44

thanks for the update pacman.
spread narrowed. some decent volume now and we'd see the other side of 40

[widemouthfrog] 08/1/2004 11:29

10:12:20 38.5p 100,000 £38,500 T

and price drops an hour later - what's that about?

[johnroger] 05/1/2004 20:31

Rated "strong hold" with price at 38

[polythene] 05/1/2004 09:32

Can't get my copy of Techinvest until later today, but (judging by non-movement today)looks like this is not on TI's new year tips (which surprises me a bit)

[widemouthfrog] 02/1/2004 11:38

happy new year all!

q2 results due mid-feb.

any news/mentions?

[johnroger] 17/12/2003 19:34

LONDON (AFX) - NetStore PLC said its wholly-owned unit, Netstore (UK) Ltd
has acquired sales contracts and all the infrastructure assets of the UK managed
service business of EMS Global Holdings Ltd, an internet security company.
The initial consideration payable is 0.25 mln stg, with additional
consideration of not more than 0.2 mln payable 3 months after completion.
In a statement, the company said further consideration of not more than 0.35
mln stg may become payable 7 months after completion and is dependent upon the
business acquired exceeding stringent targets for sustainable earnings before
interest and tax in the quarter ending June, 2004.
The total consideration however will not exceed a total of 0.8 mln stg.
In the year to March, 2003, the acquired business reported sales of 0.5 mln
stg, with net losses of 1.0 mln.
The business has also grown substantially and, therefore, it will be
profitable for Netstore after a brief period of re-organisation, the statement
said.
Netstore said the acquisition will be earnings enhancing in the first year
after re-organisation costs of about 0.1 mln stg, and further enhance future
profitability for the group as a whole.
[e-mail]

[pacman88] 09/12/2003 08:49

Looks like Throgmorton have been reducing their stake. This could account for the recent dip in price. As per Barclays, major shareholders before the announcement were as follows:

major shareholders amount % holding
Paul Barry-Walsh • 15,663,603 16.26
3i Group PLC 12,984,267 13.48
M & G Investment Management Limited 9,500,000 9.86
Jeff Maynard • 8,275,600 8.59
Throgmorton Trust PLC 6,439,375 6.69
Elderstreet Inv's Ltd 4,414,532 4.58

[pacman88] 09/12/2003 08:42

RNS Number:0212T
NetStore PLC
09 December 2003


Netstore plc ("the Company")


Holding in Company



The Company was notified on 8 December 2003 by Framlington Investment Management
Limited that it has a beneficial interest in 4,709,346 Ordinary Shares of 20
pence each ("Ordinary Shares") in the Company. This represents a total holding
of 4.96% of the Company's issued share capital.


The holding is registered as the following:

Registered Holder Beneficial No. of Ordinary
owner Shares held

HSBC Global Custody Nominee (UK) Ltd A/C The Throgmorton 4,709,346
811664 Trust Plc



9 December 2003

[polythene] 08/12/2003 12:57

Do the two chunky contracts require an RNS?

[pacman88] 04/12/2003 11:45

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.

[pacman88] 04/12/2003 11:39

Ticking up and approaching r=40p.

[affc21] 14/11/2003 10:56

pacman88,

I was waiting for a slight pullback,but non occured.
So bought some the other day.

Result's were excellent.
Chart look's promising.

Basically could not agree more with you.

[widemouthfrog] 14/11/2003 10:53

pacman - excellent chart, thank you.

[pacman88] 14/11/2003 10:31

NES: Did a little more analysis on NES, one of my biggest holdings having added after results last week. Fundamentals imho will continue to support the current price but I there is more to come. Recent directors purchases gives me some extra comfort. From a TA perspective, the price is still within the 6 month uptrend and more recently has been in a rectangular consolidation phase - all good and well esp after the strong rise. But the indicators do look like they may be ready for the next leg up. A picture is worth a thousand words -- do you see what I see in the charts??

[pacman88] 11/11/2003 13:50

Citywire
English
(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.

[widemouthfrog] 11/11/2003 13:30

intruiging. topped up.

[ddevine] 11/11/2003 09:04

Today in uk-analyst:

The most striking director deal of the day was at IT services group Netstore whose chairman and CEO Paul Barry-Walsh bought 100,000 shares at 35p. Why would a man already owning 15.53 million shares (16.2% of the company) buy any more? last week the company announced quarterlies showing sales up 70% to £5.4 million, that it was cashflow breakeven and upbeat about prospects and it still has bet cash of £12.1 million. The market capitalisation is still less than £35 million.

[affc21] 10/11/2003 23:04

widemouthfrog,
I would say that the above shares have been found a home,otherwise the price would have dropped.
The question now is with who!
rns would answer the question.