Network Data Share Discussion Threads

[aerotus] 25/5/2007 15:32

Wow what a turnaround! Still gotto be brave to trade this one way or another!

[lex1000] 25/5/2007 15:31

This gets my vote for best quote and smile of the day.........
Masurenguy - 25 May'07 - 14:31 - 206 of 217

"Brave men - at 32.5p the market cap is £9m. However the problem is that they have £3m in debt as well........."

Bid Price p 47.62
Offer Price p 51.38


cheers ;o)

[nickcduk] 25/5/2007 15:30

It seems to be ticking up on every sell. Thats a new one on me. I only wanted to take a profit on a bounce and we got that quickly enough. Liquidity was also an issue and I decided to jump out when they were bidding for 7k rather than the 3.750k they had been bidding previously. Its a nice enough profit though so thank you NDH.

[tole] 25/5/2007 15:28

Still going lol - wondered whether we might have seen an rns regards a director adding a few from down there....

[lex1000] 25/5/2007 15:28

Bid Price p 47.62
Offer Price p 51.38

Fortune sometimes favours the brave.

[narindg] 25/5/2007 15:26

the one I sold is the one I bought at 45p so no money made - but glad to be out at 43p - will probably be 80p soon

[narindg] 25/5/2007 15:25

the one I sold is the one I bought at 45p so no money made - but glad to be out at 43p - will probably be 80p soon

[lex1000] 25/5/2007 15:23

Tick up^

Bid Price p 45.62
Offer Price p 49.38

[narindg] 25/5/2007 15:23

well i sold at 43p and it went straight to 45p bid!

[tole] 25/5/2007 15:22

Well done though you cant complain really nick :) - not bad for a few hours work.

[nickcduk] 25/5/2007 15:20

Just sold out for a 27% gain for an afternoons work. Am gutted though as soon as I put my sell in the price ticked up another 3p. Grrrrr

[lex1000] 25/5/2007 15:19

Brave men can sell @ 43.25p

Bid Price p 43.25
Offer Price p 44.75
Maximum Size* 3,750


Deal Quantity 3,000

No position.

[tole] 25/5/2007 15:16

Brave men who are 20% up on the bounce from the 32p low already. ;)

[masurenguy] 25/5/2007 14:31

Brave men - at 32.5p the market cap is £9m. However the problem is that they have £3m in debt aswell.

Their investment of £1.4m in Hipstar was prudently written off in last years accounts and without that exceptional they would have reported a PBT of £1.6m. IF HIPS is canned then they will continue to focus on their core business of mortgage/insurance provision and surveying via their affiliate network of agents. Sans Hipstar they might make circa £2.1m PBT less interest costs of circa £300k so a PAT of say £1.2m. Adding debt to market cap then gives you a forward PE of circa 10 at the current price - not expensive but then not cheap either for a small & extremely illiquid company where almost 80% of the shares remain in the founders hands.

It's the illiquidity and the debt that deters me from just having a punt at this price. If HIPS still happen later this year then that should provide an upside of 100%+ so that is really the gamble that one is taking here.

[narindg] 25/5/2007 14:13

bought some too - the business is worth more than this without HIPs

[nickcduk] 25/5/2007 13:57

Im in a for a few at 32p. It could go lower so I only picked up 5k. Some panic selling based on HIPS fears. Best thing that could happen for NDH is for HIPS to be totally written off and then they can concentrate on their existing businesses. Those now look substantially undervalued.

[someuwin] 25/5/2007 13:49

That article was written on the 22nd when it was announced that Hips would be delayed until August. It now looks likely that Hips will be killed off altogether.

[tole] 25/5/2007 13:41

Looks a little overdone down here.

Nice article summary on here

[aerotus] 25/5/2007 10:17

What a shambles.

[someuwin] 25/5/2007 09:05

Strong rumours now that Hips will be abandoned altogether as unworkable. As Portillo pointed out on This Week last night anyone selling a four bedroom house can just 'pretend' it's a 3 bedroom + box room to avoid the Hip.
The government has been discredited and embarrassed by this fiasco and it looks likely that Hips will be dumped so Brown can start with a clean sheet.
This will be very bad news for NDH.

[masurenguy] 23/5/2007 17:07

"In the circumstances, there is naturally going to be a shortfall on our revenues and operating profits for HIPSTAR for 2007".

However this does constitute a profits warning and it could also impact on the brokers forward forecasts for next year !

[johnsoho] 23/5/2007 16:52

A very sensible announcement from NDH on the potential impact of the HIPS delay on HIPSTAR and the business in general.

[henryatkin] 23/5/2007 16:48

Network Data Holdings PLC
23 May 2007


NETWORK DATA HOLDINGS PLC

('Network Data' or 'the Group')


Further to the statement yesterday by Ruth Kelly, Secretary of State for
Communities and Local Government, regarding Home Information Packs ('HIPs'), the
directors of Network Data would like to update shareholders as to the impact on
the Group's strategy and the financial position.

Hipstar Limited ('HIPSTAR') was set up to be a major supplier of HIPs. For the
time being, the Group remains committed to the business in view of the fact that
this is a deferral of the HIP program rather than a cancellation of the
regulations. HIPs are now to be phased in from 1 August 2007 commencing with 4+
bedroom properties and will extend to smaller properties 'as rapidly as possible
' in the words of Ruth Kelly.

The HIPSTAR business model is that of a virtual company as the Group does not
employ its own home inspectors, energy assessors or solicitors so we are not
faced with such overheads compared to some of our competitors.

The field sales force will be partially diverted to selling our conveyancing
referrals service over the summer period. The temporary staff who have been
taken on to assist with the manual processes are being released immediately and
we expect to have more fully automated processes in place by 1 August 2007.

In the circumstances, there is naturally going to be a shortfall on our revenues
and operating profits for HIPSTAR for 2007. However, the core business, Network
Data Limited, continues to perform strongly, in line with expectations. We hope
to see the HIPs program fully back on track before the end of the year.

We intend to keep shareholders informed of our progress and developments in
relation to HIPSTAR and the Group as a whole.


Enquiries:

Richard Griffiths
Chief Executive Officer
Network Data Holdings PLC
01932 875 728

John Riddell
Noble & Company Limited
020 7763 2200


This information is provided by RNS

[someuwin] 23/5/2007 11:58

Interesting to note that in Today's Daily Express story covering Hips, the large colour picture of a Home Information Pack was of a 'HIPSTAR' pack.