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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Networkers | LSE:NWKI | London | Ordinary Share | GB00B1319W10 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 68.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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31/5/2007 12:32 | Hazelton, Go to sharecrazy.com you might find it to be a bit helpful. | joeall | |
25/2/2007 22:28 | Does anyone know what the directoral shareholdings are & who the major shareholders are ? | hazelton | |
18/12/2006 10:22 | Anyone have any thoughts on what the city is looking for next year as a combined group ? | 1bensons | |
26/9/2006 02:29 | Suprised theres not many in this one. | hedgehunter | |
25/9/2006 10:39 | Good solid update......... Networkers raises 7 mths pretax 31 pct AFX LONDON (AFX) - Networkers International PLC raised its pretax profit in the seven months to June 30 2006 by 31 pct to 1.7 mln stg from the 1.3 mln reported for the comparative seven month period a year earlier. The AIM listed technology recruitment company increased turnover by 47 pct to 22 mln stg from 15 mln. The group said trading in its specialist emerging markets remains robust and the group is outperforming its internal targets regarding new business written. Managing director Spencer Manuel said reorganisation of the group in the period under review has given a more focused and structured approach to not only winning new customers but also cementing existing ones. 'We are delighted with the continued progress at Networkers.' The group is focussing on ways of increasing the number of contractors renewing contracts with Networkers International PLC and also broadening the client base within the regions. The group has had considerable success over the period trading with more new customers in different countries. Networkers also said it continues to look for earnings enhancing acquisition targets in its sector and believes that the group can derive benefits of scale from such acquisitions. newsdesk@afxnews.com slm | hedgehunter | |
22/9/2006 23:10 | I hear Nigel Wray is going to be giving out a few tips on Winnies new 'Show Me The Money'. I think he could well feature this one. | hedgehunter | |
14/9/2006 15:32 | Historical article from Uk Analyst... Networkers* - A "Strong Buy" It appears that the wait has been worth it. Investors in the Nigel Wray and Nick Leslau backed cash shell, Streetnames, were today getting to grips with the company's plans to buy the telecoms contractor provider, Networkers International in a £22 million deal. A profitable company, Networkers operates in arguably the most lucrative market of them all - people. The company is a people broker, and no, we don't mean illegally ferrying entire families across the channel on lorries. The group provides engineers on a contract basis to major telecoms companies around the world. And when we say major, we mean it. Nokia, Orange, Alcatel; you name it and you can bet your bottom dollar that the company has the client on its books. This is a truly global business, tackling both the emerging side of the telecoms market and the evolving, yet more established Western market. Founded in 2000 at around the same time that many similar such operations were calling it a day after the TMT market peaked; Networkers has established a business that is successfully exploiting a niche in the provision of skilled mobile telecommunications personnel to emerging regions all over the world. The group has grown organically since its inception, which makes its last recorded annual turnover of £21.8 million for the year ended 31st May 2005, seem all the more impressive. With clients including the likes of Nokia, Alcatel, indeed almost every major telecoms operator, Networkers really is a leading force in this high growth market space. The company has access to skilled contractors throughout the world, and is thus able to provide a wide range of services from project management, design and implementation of telephone exchanges and networks, billing, operations and maintenance. The group concentrates mainly on temporary contractor placements, typically ranging in length from three to six months. Currently it has over 400 contract engineers, working on client projects in more than 35 different countries. Meanwhile a joint venture in Saudi Arabia, Saudi Networkers Services Company Limited, in which the group has a 33% interest, has a further 200 contract engineers working on client projects in the Middle East. Indeed, taking advantage of its skilled expatriate labour base, the company is able to command an attractive margin on contracts in the emerging or developing regions in which it is active. The unquestionably high demand for skilled resource means that a key component of the business is the ability to attract skilled contractors. The group has built up a series of impressive relationships on the back of an excellent reputation with candidates in the emerging markets and is well known to international telecommunications engineers. The group's business is focussed in broad technical areas and the objective is to ensure its extensive candidate database is current and anticipates its clients' technical requirements. Pretty straightforward. The company also operates its own online jobs board via its website, which is used to advertise all vacancies currently being resourced within the group. The mobile telecommunications market in which the group operates is growing rapidly, particularly in the emerging markets of Africa, Middle East, Asia and Latin America. Indeed, it is overseas where the group generates over 85% of its revenues. In addition to these emerging market geographies, Networkers also operates in North America and Europe, which together accounted for 44% of the group's total revenues in the six months ended 31 January 2006. The strategy going forward is to continue to deliver controlled expansion through predominantly organic growth, though at the same time, Networkers has identified some small, bolt-on acquisition opportunities. We imagine that news on this front won't be too long in the making. The structure of this deal is quite complicated. AIM traded Streetnames is acquiring Networkers in an all share deal. Though at the same time, the enlarged company is effecting a 20 for 1 share consolidation together with a fundraising of new shares at 26p, netting around £2.2 million. The enlarged company will be capitalised at around £24 million, a valuation that doesn't appear too steep at all, by any stretch of the imagination. With sales for the year to 31st May of £21.813 million, and an operating profit of £2.245 million, this is a company that is priced to sell. Indeed, any notion of being able to buy at the 26p placing price in the after market can quickly be forgotten, this share is going places - fast. But it's not surprising when you look at the financials. This is a company that doubled both revenues and profitability in its last full year, and the current year doesn't look too shabby either. With pre-tax profits of £1.868 million on revenues of £18.7 million in the first half to 30th November, Networkers shares ain't gonna stay still. Whilst the main board room players at the group are virgin plc directors, they are mercifully the same people that have built the business up from day one. 32 year old head honcho, Spencer Manuel is a smart cookie, having worked in the telecommunications recruitment industry for almost 10 years. Manuel will act as managing director of the enlarged group going forward. Meanwhile, Jonathan Plassard, another whipper snapper at just 35, brings with him the relevant finance skills for his role as FD, and was one of the chief brokers of the deal with Streetnames, having previously been a big-wig at BDO Stoy Hayward. Kevin Pope is the IT man and one of the main founders of the group. The non-executive roles are taken on by a host of investment luminaries, notably the Streetnames trio of Nigel Wray, William Astor and Nick Leslau. Is this one to back? Absolutely. The shares will inevitably spike up sharply from the inferred 26p listing price following post EGM approvals. For a company that could see pre-tax profits hit £3 million in the year to 31st May 2006, we would say that a market capitalisation of just £24 million is an absolute steal. With Networkers operating in a high growth space, the prospects for this stock look very good indeed. Buy. Contact Details: Seymour Pierce - 0207 107 8011 | hedgehunter | |
12/9/2006 23:06 | Doing very nicely out of this one and plenty more to come I feel. | hedgehunter | |
31/5/2006 09:15 | Nigel Wray 17% good enough for me, he had a nice winner with Betex at 31p, this looks excellent value and should go great guns. | montyhedge | |
26/5/2006 11:57 | At 33p I put these on a market cap of circa 30.3 million, and the company could conservatively make a profit of 3 million to finals this year. On a p/e of 11/10, they do look very good value and acquisitons are promised. | hedgehunter | |
25/5/2006 12:14 | Has some big backers behind it, including Nigel Wray. | hedgehunter | |
24/5/2006 23:11 | Derd cheap. | hedgehunter | |
24/5/2006 23:10 | Networkers International PLC 24 May 2006 24 MAY 2006 NETWORKERS INTERNATIONAL PLC ('Networkers' or the 'Group') AIM ADMISSION Networkers, is pleased to announce that following a reverse takeover of Streetnames PLC, which was announced on 28 April 2006, the Group is now trading on AIM under the new name of Networkers International PLC with the ticker 'NWKI'. The consideration for the acquisition was £22 million, which was satisfied by the issue of 84,615,377 consideration shares, issued at 26p per share following a 20-for-one share consolidation The Group now has 92,115,377 ordinary shares in issue. Seymour Pierce is acting as the Nominated Adviser and Broker to Networkers International. The Group operates principally in the mobile telecommunications and technology industry with over 85 per cent of its business in international mobile telecommunications. The market for mobile telecommunications is growing rapidly particularly in the emerging markets of Africa, Middle East, Asia and Latin America As part of its growth strategy, the Group has concentrated its resources in emerging markets and as such 56 per cent of the Group's business is derived from Africa, the Middle East, Asia and Latin America. In addition to emerging markets, the Group is providing high level third generation ('3G') resources to its clients in the developed markets of Europe and North America. -ENDS- Enquiries: Networkers International 020 8658 1188 Spencer Manuel, Managing Director www.networkersint.co Seymour Pierce Limited 020 7107 8000 Sarah Wharry, Director Bishopsgate Communications Ltd 020 7430 1600 Maxine Barnes Scott Robertson www.bishopsgatecommu Information on Networkers Background Networkers was founded in the UK in 2000 by Spencer Manuel, Jon Plassard and Kevin Pope to exploit a niche in the provision of skilled mobile telecommunications personnel to emerging regions of the world. The Group has grown organically since its inception to a turnover of £21.8 million for the year ended 31 May 2005. Networkers began trading in the UK in 2000 and in 2001 formed an associate company with a Saudi Arabian technical personnel provider. In June 2004, the Group began trading in the US following the establishment of its first US office, in California. The Group has since developed organically into an international provider of technical resources. Trading During the year to 31 May 2005 profits grew to £2.6 million from £1.3 million the previous year on sales of £21.8 million - up from £11.6 million in 2004. Networkers' audited results for the six months to 30 November 2005 show a profit before tax of £1.9 million from turnover of £18.7 million (six months to 30 November 2004 profit before tax of £1.5 million from turnover of £9.3 million). Due to the effect of seasonality, whereby contractor numbers typically decline at 31 December and then build up again during the first half of the year, profit is not evenly distributed throughout the financial year. Strategy Networkers International has a clearly defined strategy to deliver controlled expansion through predominantly organic growth. The Board of Networkers has also identified opportunities to accelerate growth whilst complementing the Group's service capabilities and market reach through small bolt on acquisitions. Networkers places skilled telecommunications engineers in various countries throughout the world with telecoms vendors and operators including Alcatel, Safaricom, Wataniya, Nortel Networks, Siemens, Ericsson and Vodafone. The Group has access to skilled contractors able to provide a wide range of services from project management, design and implementation of telephone exchanges and networks, billing and operations and maintenance. It concentrates mainly on temporary contractor placements, typically ranging in length from three to six months. In addition to its core telecommunications contract placement business, smaller element of the Group's business involves the placement of specialist IT personnel into permanent and contract positions with the Group's clients predominantly in Europe and the Middle East. The IT contractors are principally engaged in the areas of enterprise resource planning, billing, customer relationship management and converging technologies in mobile data. Due in part to the Group's provision of skilled expatriate labour to those regions lacking in the necessary resource, the Group is able to command an attractive margin on contracts in the emerging or developing regions in which the Group is active. The high demand for skilled resource means that a key component of the business is the ability to attract skilled contractors. The Group has built up a good reputation with candidates in the emerging markets and is well known to international telecommunications engineers who apply to the Group directly. Its business is focused in broad technical areas and the objective is to ensure the Group's extensive candidate database is current and anticipates its clients' technical requirements. The Board Neville Roger Goodman, aged 59, (Non Executive Chairman) Roger is currently an executive director at MITIE Group plc. Roger joined MITIE Group plc in June 1993 and was appointed to the Board in August 2001. Prior to joining MITIE Group plc he was a director at Initial Limited and was previously at HAT Group Limited. Spencer Manuel aged 32, (Managing Director) Currently Networkers' Managing Director, Spencer has worked in the telecommunications recruitment industry for over nine years having previously been Managing Director of another telecommunications recruitment company. Spencer was part of the founding team at the Company and has assembled an extremely professional and experienced sales and management team. Spencer leads and directs the Group in developing, implementing and driving the Group's international strategy. He represents the organisation to the financial community, major customers, government agencies, Shareholders, and the public. Jonathan Plassard, aged 35, (Finance Director) Jon is a Chartered Accountant with significant experience of international accounting and corporate finance gained with BDO Stoy Hayward. Jon heads up the financial team in the UK and the finance managers in the international offices report into him. Jon was part of the founding team at the Company and brings considerable financial experience to the Board. He is integral to the global growth aspirations of the Company through the financial control of the Group. Kevin Pope, aged 34, (IT Sales Director) Kevin has over 11 years' IT Recruitment experience. Kevin was part of the founding team at the Company having first spent 6 years with Paragon IT Recruitment Limited. Kevin has built up a sales team specialising in the recruitment of enterprise resource planning and customer relationship management professionals across SAP & the Oracle eBusiness Suite and in 'converging technologies' of mobile data. Nigel Wray, aged 57 (Non Executive Director) Nigel Wray has been a prominent investor in the property and equity markets since 1986. He has previously held directorships and significant shareholdings in companies including Singer & Friedlander Group plc, Carlton Communications plc and Burford Holdings plc. He was a non-executive director of People's Phone Company plc, Skyepharma plc, Chorion plc and Urbium plc. He is currently a non-executive director of a number of companies including The English Wines Group plc, Healthcare Enterprise Group plc, The Greenhouse Fund Limited, Play Holdings Limited, WILink pc and Domino's Pizza UK & IRL plc. He is a director and major shareholder of the private investment group, Prestbury Investment Holdings Limited and a partner in and member of the management board of PIHL Equity LLP, a private equity business de-merged from Prestbury Investment Holdings Limited in March 2006 and is also the Chairman and major shareholder in Saracens Rugby Club. William Astor, aged 54, (Non Executive Director). William is deputy chairman of Chorion Plc, non executive director of the European Growth and Income Trust plc and a number of other companies. He is an Opposition Spokesman in the House of Lords. William was Parliamentary Under Secretary of State in the previous Conservative administration. DYOR. | hedgehunter |
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