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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Newmark Security Plc | NWT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 83.50 | 08:00:03 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 82.00 | 82.00 | 83.50 | 83.50 | 83.50 |
| Industry Sector |
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| SUPPORT SERVICES |
| Top Posts |
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Posted at 17/2/2024 09:47 by hedgehog 100 As well as NWT appointing a new Chief Financial Officer in September 2021, both of NWT's subsidiaries appointed new Managing Directors in 2022:-1. Safetell, NWT's physical security solutions subsidiary, appointed a new MD in February 2022:- "INTRODUCING SAFETELL’S NEW MANAGING DIRECTOR We are excited to announce Nick Shannon has joined the Safetell team as Managing Director, as of 1 February 2022. Nick brings with him a wealth of expertise in the security, fire, property maintenance and construction industries, having previously led the sales teams for industry leaders, such as G4S Fire and Security Systems and Chubb. Nick will be at the forefront of Safetell’s future growth strategy, with a focus on strengthening both project and maintenance business within the organisation. This appointment reflects and supports the Board’s long term plan for growth. We hope you will join us in congratulating and welcoming Nick to our team. Nick’s comments: “It’s an exciting time to be joining Safetell as we look to expand across new and existing markets. I am joining a customer-focused team with extensive experience; I look forward to working with them in the coming years to ensure we continue to exceed our customers’ expectations”" 2. Grosvenor Technology, NWT's Human Capital Management (HCM) and access control subsidiary, appointed a new MD in late 2022:- "Grosvenor Technology names Colin Leatherbarrow as Managing Director December 2, 2022 8:23 am James Thorpe Grosvenor Technology – a global provider of access control and HCM solutions – has recently confirmed the appointment of Colin Leatherbarrow as the company’s new Managing Director. Leatherbarrow, who has over 30 years of industry experience, joined the company as Technical Director in 2017 and will be applying his dynamic approach to this new role. As the instigator of lean methodology for operating the business, and with a drive to build a culture with a focus on quality, compliance and high performance, Leatherbarrow has already demonstrated his strong leadership and strategic ambition. His passion for creating solutions that encompass the full spectrum of client needs has steered the development of Grosvenor Technology’s key products, GT4 & GT8 and the complementary platform, GT Connect. This cloud platform combines software, services and hardware in one monthly subscription, providing value to Grosvenor’s customers and rapid scaling of the business via recurring revenues. Commenting on his new appointment, Leatherbarrow said: “I am excited by this fantastic opportunity to push forward with time management, security and identity management solutions. “Grosvenor is superbly positioned to grow our market share in all these sectors, leveraging our engineering heritage with subscription services, GT Complete, combining Clock as a Service “ClaaS” and GT Connect SaaS, making it easy for clients to simplify operations and get just the solution they need.” Leatherbarrow will be leading Grosvenor’s global team which is made up of 52 employees." The NWT share price on 1st. February 2022 was 35p. So at its current share price of 74.5p, it has risen by 112.86% during Nick Shannon's Safetell tenure. And the NWT share price in early December 2022 was 33p. So at its current share price of 74.5p, it has risen by 125.76% since Colin Leatherbarrow's appointment as Grosvenor MD was announced. In comparison, the FTSE AIM All-Share Index (AXX), at its current level of 758.78, has fallen by 30.7% since the start of February 2022 (from 1,094.97); & by 10.58% since the start of December 2022 (from 848.59):- This is clearly very impressive outperformance by NWT during the periods concerned, so huge credit to both new bosses. New management can often be a key to improved performance, and both new MDs have performed superbly, having a revitalising effect, and supporting each others' strategies: Safetell's entrance control and autodoors provide a good link to Grosvenor's access control & HCM. And the Group's new markets and new products and services dovetail perfectly with this, and at a time of multiple regulatory and technological growth drivers. In addition, NWT's corporate management structure, with a Group Chairman & a Group CEO, in addition to the subsidiaries MDs, makes for efficiency and effectiveness. Because it means that all of these demanding roles can get the focus and attention they deserve, without people becoming overstretched. |
Posted at 16/2/2024 12:25 by hedgehog 100 For a growth company, it's a truism that you need sufficient GROWTH: and ongoing growth at that.So that has to be the starting point for consideration, because if that criteria can't be met, then the share can't qualify. Some investors in 'value' shares hope for a rerating to a growth company rating: but without good ongoing growth, there's no reason why they should deserve that. And if such a company isn't even setting out such growth expectations, let alone giving any convincing reasons why they will be achieved, then why even hope? This brings me back to NWT's ambitious revenues growth vision. "Introducing Newmark Hear from Marie-Claire Dwek, CEO of Newmark Security plc as she provides an overview of the business: Newmark Security plc" Some extracts:- "We are cash-generative; operating with high margins: 50% on hardware, and much m We are seeing rapid growth within the HCM Division, and three quarters of the Group's revenue is in this area. ... Security has moved up the corporate agenda with employers highlighting duty to protect employees and visitors. The same can be said for data compliance; it's a key driver for growth in our business. Across the business world there is a large security and compliance vulnerability; and that is open between physical and digital worlds. Data legislation has strengthened around the world, and organisations need to make sure they are compliant, with sensitive data travelling between devices, buildings, and company systems. GDPR and its international equivalent is an issue for all or Our vision is to build a business generating two - three times its current revenues in the next three - five years." From NWT's current revenue level of c. £20M. p.a., this would equate to c. £40M. - £60M. p.a. in the next 3 - 5 years. This sounds quite a tall order, though in actual fact, annual revenue growth of just over 24% p.a. for five years, compounded, results in a trebling of annual revenue. And 'coincidentally', Safetell reported first half revenue growth of 24% just last month:- 25/01/2024 07:00 RNS Regulatory News Newmark Security PLC Half-year Report LSE:NWT Newmark Security Plc " ... Safetell's revenue increased by 24% to £2.7 million compared to the corresponding prior period. ..." And Grosvenor Technology's North American HCM revenue growth from 2017 - 2022 (£0.9M. to £8.7M.) was even better: a stunning compounded annual revenue growth rate of c. 57.4% p.a. Indeed NWT has grown the turnover of BOTH its current subsidiaries by multiples since it acquired them:- 1. Grosvenor Technology's annual turnover at its point of acquisition by NWT, in 2002, was £3.016M. Grosvenor's annual turnover has now grown to £15.74M., i.e. over FIVE times as much. 16/08/2002 07:30 UK Regulatory (RNS & others) Acquisition LSE:NWT Newmark Security Plc "... Newmark, a specialist integrated security provider, is to acquire Grosvenor Technology Limited ('Grosvenor') for a maximum consideration of up to £6.787 million in cash. The initial consideration will be a maximum of £3.287 million with a maximum balance of £3.5 million being paid over the next 48 months subject to an earn out. ... In the financial year ended 31 October 2001 Grosvenor's pre-tax profit was £547,000, more than double the figure for the year 2000. Turnover in 2001 was £3.016 million compared with a 2000 figure of £2.820 million. Grosvenor currently has assets of approximately £2 million which includes £1.2 million in cash. Current trading remains strong with a growing world-wide market. ..." 2. Safetell's annual turnover at its point of acquisition by NWT, at the turn of the millenium, was probably somewhere in the region of c. £2M., judging from its first full year impact on NWT's results. By 2016 this had increased to c. £14M., i.e. c. SEVEN times as much. 28/02/2000 07:01 UK Regulatory (RNS & others) Newmark Technology - Interim Results, etc. LSE:NWT Newmark Security Plc "... In the year ended 31 March 1999, the Safetell Group made profits before tax of £168,000 and had net assets of £922,000. The total consideration of £1.5 million, which is payable in cash on completion, is being financed by a bank loan repayable over seven years. ..." With the decline of Safetell's traditional banking business, Safetell's revenues did subsequently fall back dramatically, though this decline has now started reversing. |
Posted at 04/2/2024 12:31 by hedgehog 100 16/08/2002 07:30 UK Regulatory (RNS & others) Acquisition LSE:NWT Newmark Security Plc"... Newmark, a specialist integrated security provider, is to acquire Grosvenor Technology Limited ('Grosvenor') for a maximum consideration of up to £6.787 million in cash. The initial consideration will be a maximum of £3.287 million with a maximum balance of £3.5 million being paid over the next 48 months subject to an earn out. ... In the financial year ended 31 October 2001 Grosvenor's pre-tax profit was £547,000, more than double the figure for the year 2000. Turnover in 2001 was £3.016 million compared with a 2000 figure of £2.820 million. Grosvenor currently has assets of approximately £2 million which includes £1.2 million in cash. Current trading remains strong with a growing world-wide market. ..." NWT acquired Grosvenor Technology nearly twenty two years ago, for £6.787M. (the full earn out balance was paid), at which time Grosvenor's annual turnover was c. £3M. Fast forward c. twenty two years, and Grosvenor's annual turnover has grown to £15.74M., i.e. over five times as much. Clearly a very impressive growth story, and one which seems to have accelerated more recently with the expansion into North America. And yet NWT's current market cap., £6.89M. at 73.5p, is only about the same as the consideration paid for GT all those year ago. Plus of course NWT has its Safetell subsidiary as well. Even applying just the same PSR (price-to-sales) ratio now to value Grosvenor as in 2002, i.e. 2.25 sales, gives a valuation of c. £35M. for Grosvenor. Though arguably a higher multiple should now be applied, because of Grosvenor's large revenues in America (with its higher ratings and greater growth prospects), strongly growing high margin SaaS revenues, long track record of success, far high revenues (giving more scope for economies of scale), and multiple strong growth drivers. As well as the fact that it's now publicly listed (as part of NWT), rather than being private, and the fact that larger companies often attract a higher stock market rating. And if Grosvenor were to be sold, or spun-out in an American floatation, you would certainly expect an immediate and immense outing of its value from the current lowly level. So there's no question that NWT's management have successfully created huge and growing value in Grosvenor for shareholders. The fact that this is not currently reflected in NWT's share price is different: and indeed is clearly a buy opportunity for anyone with basic business and investment understanding. 22 years sounds like a long time, but that's how long it can take to build up a great, international business. And it shows how hard it would be to replicate, i.e. the very strong barriers to entry here. Moreover, NWT's management also achieved great success with the Safetell banking business, for years, before that sector when into steep decline with mass high street bank closures. NWT actually achieved pre-tax profit of £2.52M. in its year ending 30.4.15, and its share price c. 8-bagged in c. 3 years, to the equivalent of c. 245p consolidation-adjust 10/08/2015 06:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc " ... I am pleased to report another year of revenue growth in the year ended 30 April 2015. Group revenue for the year was GBP22,854k (2014: GBP19,171k), representing an increase of 19.2 per cent. Revenue in the electronic division increased by 4.7 per cent from GBP7,234k to GBP7,577k, whilst the asset protection division revenue increased by 28.0 per cent in the year from GBP11,937k to GBP15,277k. Profit from operations for the year was GBP2,268k (2014: GBP984k). Profit for the year before exceptional items was GBP2,268k (2014: GBP1,836K). The exceptional item last year was a development cost impairment of GBP852k. ..." Good things don't always last forever, but NWT 'made hay while the sun was shining', generating the profits to subsequently build up its HCM technology and business in the way that it has, and also providing an excellent share price opportunity for shareholders to lock in some great multibagger profits. I would draw an analogy here with Warren Buffett's Berkshire Hathaway, which he acquired as a dying textiles business in America:- But he successfully used the last monies that that business was squeezing out, to reinvest in new and better areas, to huge success. The typical pattern for a share in a dying business is for the share to go bust, &/or decline to virtually nothing, becoming a shell. But that hasn't happened with NWT, and huge credit to them for that. And if NWT's management can achieve such success in a declining business area, then it's exciting to think what they could achieve in strongly growing business areas, as indeed they are already doing. |
Posted at 24/1/2024 18:41 by hedgehog 100 Hedgehog 100 17 Jan '24 - 15:16 - 310 of 328 Edit" ...Automatic doors are just one area of business, for just one of NWT's subsidiaries. ... NWT's annual revenue split last year (year ending 30th. April 2023), Grosvenor Technology (people & data management) / Safetell (physical security), was £15.574M. GT / £4.74M. Safetell: i.e. 23.33% Safetell. And within Safetell's revenues, automatic doors represented a minority of its revenue. So it's actually a relatively small part of NWT's group revenues, at the moment. But just this one, minority area of business, for just one of NWT's subsidiaries (its smallest subsidiary), has multi-million pound profit potential. ... So pro rata, this could potentially translate into annual autodoors revenue to Safetell of £10s of millions, potentially yielding annual autodoors profit of a few £M. ..." Smithie6 23 Jan '24 - 21:34 - 328 of 328 0 2 0 " ... 2) you also posted that the sliding doors division would produce multi million pound profits in the future. When it is currently a minor player in the sector I think. And it's turnover in automatic sliding doors is currently pretty negligible I think. ..." No Smithie, I absolutely DID NOT say that it WOULD. I said that it COULD POTENTIALLY which is very/subtly different. If you can't understand the difference between the words "would" and "could", &/or can't notice subtle differences in wording that have very different meanings, then it suggests a lack of literacy &/or powers of observation. Neither of which would reflect well on your ability as an investor. Note that NWT (Safetell) now provides call-out support across over 2,000 autodoors, which is sizeable but not huge, so an ideal base from which to grow very strongly. They have a proven autodoors servicing-maintenanc In comparison, the UK market leader Record UK is responsible for over 32,000 autodoors, and has annual revenue of over £41M., from which it made c. £2.4M. pre-tax profit last year. So I'm talking about the autodoors POTENTIAL here for NWT. Look how NWT's management have successfully grown its HCM business in America. From the bar graph on page 12 of NWT's annual report & accounts for the year ended 30.4.22:- "Five years of consecutive revenue growth: HCM in North America: £m" 2017: £0.9M. 2018: £1.2M. 2019: £4.0M. 2020: £5.9M. 2021: £6.5M. 2022: £8.7M. If you can't understand that a business can grow very strongly over time, by many multiples, then why are you even bothering to look at a growth opportunity like NWT? Similarly, the clearly humorous intent of my Doors post on Sunday should have been obvious to anyone who is not as thick as pig s--t. So for you to make such a stupid fuss about it is just f-----g moronic. Your favourite share, MFX (Manx Financial), has fallen by 34.44% since 21st. March last year (from 28.6p, 21.3.23 to 18.75p today) while you've been holding it, and frenetically posting about it. Whilst NWT has risen 78.43% during the same period (from 51p, 21.3.23 to 91p today). Envy can be a very powerful emotion, Smithie, and you simply exude it in your behaviour on this thread. And in conclusion, I have just filtered you, because you're not saying anything of interest or use here:- Smithie6 23 Jan '24 - 21:34 - 328 of 328 (Filtered) Smithie6 22 Jan '24 - 08:20 - 326 of 328 (Filtered) Smithie6 21 Jan '24 - 11:30 - 320 of 328 (Filtered) Smithie6 21 Jan '24 - 11:28 - 319 of 328 (Filtered) Smithie6 19 Jan '24 - 16:08 - 317 of 328 (Filtered) Smithie6 18 Jan '24 - 11:26 - 312 of 328 (Filtered) Smithie6 17 Jan '24 - 13:51 - 309 of 328 (Filtered) Smithie6 17 Jan '24 - 10:05 - 307 of 328 (Filtered) Smithie6 16 Jan '24 - 22:40 - 305 of 328 (Filtered) Smithie6 15 Jan '24 - 15:05 - 301 of 328 (Filtered) Smithie6 15 Jan '24 - 12:20 - 298 of 328 (Filtered) Smithie6 7 Dec '23 - 12:57 - 252 of 328 (Filtered) Smithie6 7 Dec '23 - 09:00 - 250 of 328 (Filtered) Smithie6 7 Dec '23 - 08:55 - 249 of 328 (Filtered) |
Posted at 23/1/2024 17:54 by hedgehog 100 Smithie,Where's the evidence that my NWT posting isn't balanced? It's very bullish, certainly, but that doesn't necessarily mean that it's not balanced. Let me give you an analogy. Supposing Manchester City, the treble winners, were playing a non-league team in the FA Cup: would you expect the commentator to say that each side was as good as each other? Of course not! But that doesn't mean that the commentary wouldn't be balanced, i.e. fair and accurate. So my posting on NWT is simply fairly and accurately reflecting the very exciting and bullish prospects here. And I'm providing investors with a very useful and helpful service here, by clearly setting out the investment merits for them to consider. In addition, don't you find it rather strange that Pldazzle apparently seems so upset about a share of his c. trebling in value since his previous posting here? When most people would surely be ecstatic, especially in bad markets like these? So I suspect that his shareholding in NWT is relatively insignificant, and that what he is really angry about is at largely missing out on a huge rise here by not adding massively at the lows. A case of 'shooting the messenger', i.e. myself, for the message. He also frankly comes over as rather pompous, and indeed humourless: as my having a bit of fun with my Doors post on Sunday seemed to be the trigger for his filtering me. Now back to the topic of NWT itself, which is what I would prefer to focus on. Today's NWT volume of 59,500 NWT shares traded is by far the highest since its rise from c. 50p started in latter November, with a series of quite big 10,000 share buys. Recent Share Trades for Newmark Security (NWT) Date Time Trade Prc Volume Buy/Sell Bid Ask Value 23-Jan-24 16:18:27 90.00 250 Buy* 83.00 90.00 225.00 O 23-Jan-24 16:02:16 85.65 5,000 Sell* 83.00 90.00 4,283 O 23-Jan-24 15:01:45 89.23 5,000 Buy* 83.00 90.00 4,462 O 23-Jan-24 12:52:59 88.77 10,000 Unknown* 83.00 90.00 8,877 O 23-Jan-24 12:23:51 88.00 10,000 Unknown* 83.00 90.00 8,800 O 23-Jan-24 12:54:57 89.23 5,000 Buy* 83.00 90.00 4,462 O 23-Jan-24 10:36:26 87.00 10,000 Unknown* 83.00 90.00 8,700 O 23-Jan-24 10:29:40 84.19 5,000 Sell* 83.00 90.00 4,210 O 23-Jan-24 10:17:23 84.18 4,000 Sell* 83.00 90.00 3,367 O 23-Jan-24 09:00:00 84.12 5,000 Sell* 83.00 90.00 4,206 O Which, coming after the strong NWT rise (currently 86p), and with just one trading day before NWT's interim results on 25th. January, is I believe cause for encouragement. 25th. January is of course also Burns Night, so could we perhaps have a double reason to celebrate? And I wouldn't want you to get 'caught with your kilt down' Smithie! |
Posted at 21/1/2024 10:48 by hedgehog 100 Hedgehog 100 4 Oct '23 - 19:10 - 194 of 317 Edit 0 0 0""Our mission is to protect human capital" ... so you might even stylise NWT as 'a human league'. ..." NWT's noteworthy rise to 84p this week, combined with some copious autodoors posting, has prompted some more 'stock-&-roll' analysis from myself. This time using 'The Doors Greatest Hits' - to help illustrate NWT's investment credentials:- Track listing, Side one:- 1. "Hello, I Love You" (from "Waiting for the Sun") - Savvy investors discovering NWT for the first time. 2. "Light My Fire" (from "The Doors") - NWT anticipating a long-overdue press tip. 3. "People Are Strange" (from "Strange Days") - NWT sceptics. 4. "Love Me Two Times" (from "Strange Days") - NWT's TWO quality subsidiaries: Grosvenor Technology & Safetell. 5. "Riders on the Storm" (from "L.A. Woman") - NWT's skilful navigating of some rough market conditions recently. Track listing, Side two:- 1. "Break On Through (To the Other Side)" (from "The Doors") - NWT powering towards the 100p+ level. 2. "Roadhouse Blues" (from "Morrison Hotel") - Misery at missing out on NWT. 3. "Not to Touch the Earth" (from "Waiting for the Sun") - NWT's rocket-like trajectory. 4. "Touch Me" (from "The Soft Parade") - Problem addressed by NWT's touchless technology. 5. "L.A. Woman" (from "L.A. Woman") - Marie-Claire's 'California chic'. |
Posted at 13/1/2024 22:20 by hedgehog 100 The forthcoming brokers-analysts note-report on NWT should also mention the NWT's 2025 Growth Strategy, which seems to be succeeding admirably:-26/09/2023 06:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc " ... We are already benefitting from the execution of our 2025 Growth Strategy and will continue to build a greater proportion of recurring revenues in the year ahead.Our Physical Security Solutions division, Safetell, is also now well-positioned to make a greater contribution to this strategy, by growing its services to achieve national scale efficiencies as well as optimising its product portfolio and improving its competitive position with broader manufacturing and supply chain options. ... The year has been a clear illustration of the value of executing on our 2025 Growth Strategy, evolving our business model to hardware-enabled software and services. By connecting devices to deliver secure cloud-based control via our newly upgraded and re-launched software, GT Connect, we have been able to offer customers and partners enhanced services attached to every connection, and this now includes third party devices for the first time. These developments mark a major strategic milestone for Grosvenor, unlocking enormous market potential across a broader range of connected devices, as well driving another substantial increase in recurring revenues, as we continue to build steady, predictable income streams across a fast-growing base of customers and partners. ..." "Newmark Security presents at the Proactive One2One Investor Forum - October 26th Published: 14:08 02 Nov 2023 Sergio Braga-Mullin ... Dwek celebrated 2023 as a pivotal year, marked by the firm's return to full-year profitability and the successful launch of their strategic cloud platform, GT Connect. Looking ahead, Dwek expressed confidence in achieving their 2025 growth strategy, emphasizing the firm's increasing recurring revenues and preparation for a more robust 2024." From the inside front cover of NWT's 2022 annual report & accounts:- "Our mission is to protect human capital in safe spaces by creating trusted ecosystems in the workplace using best-in-class security products enabled by SaaS based cloud control and enterprise-class services. With our 2025 strategy firmly in focus, we continue to take bold steps to achieving our goals, demonstrating resilience to global impacts, a long-term sustainable business model and a strong will to win. Marie-Claire Dwek, CEO" And 2025 is now under a year away, with NWT's 2024-25 financial yr. (ending 30.4.25) starting in just a few months. In NWT's year ending 30.4.2015, NWT made pre-tax profit of £2.252M. on turnover of £22.85M., and it should be quite possible to surpass these numbers in its year beginning on 1st. May 2024. But this time round, with a much greater proportion of recurring revenues, and with a correspondingly higher rating. The COVID-19 pandemic etc. understandably hit NWT earlier this decade, but the company has weathered the storm superbly, with the return to profit last year, and indeed is now benefitting from pandemic-stimulated transitions (remote-monitoring, touchless technology). And as such the company is now a quite superb recovery-growth-valu |
Posted at 09/1/2024 12:02 by hedgehog 100 Yes Russman, that's broadly speaking correct for the NWT share price, over c. the last ten years.Whereas during the same period, the NWT business has been quite dramatically transformed, for the better. And note that there has been no real share price dilution during this period: NWT's last placing of new shares was nearly twenty years ago. Here's NWT's ten-year annual revenue split: i.e. the breakdown from NWT's two subsidiaries, showing a ten-year evolution:- Years ending 30th. April: Grosvenor Technology (people & data management) / Safetell (physical security) 30.4.13: £6.615M. / £11.701M. 30.4.14: £7.234M. / £11.937M. 30.4.15: £7.577M. / £15.277M. 30.4.16: £7.639M. / £14.184M. 30.4.17: £7.092M. / £8.944M. 30.4.18: £7.960M. / £8.092M. 30.4.19: £10.979M. / £8.604M. 30.4.20: £13.357M. / £5.410M. 30.4.21: £12.647M. / £5.011M. 30.4.22: £14.559M. / £4.586M. 30.4.23: £15.574M. / £4.74M. I.e. a massive increase in revenues from the tech side of the NWT business, with higher margins, more recurring revenues, and better growth prospects. That alone is a very compelling growth story, especially with the higher ratings in the tech sector, but there are two even stronger growth stories within this:- 1. AMERICAN GROWTH From the bar graph on page 12 of NWT's annual report & accounts for the year ended 30.4.22:- "Five years of consecutive revenue growth: HCM in North America: £m" 2017: £0.9M. 2018: £1.2M. 2019: £4.0M. 2020: £5.9M. 2021: £6.5M. 2022: £8.7M. And the American market is far larger and more resilient than the UK market, and with better growth prospects and higher ratings. 2. SAAS (Software as a Service) GROWTH 26/09/2023 07:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc "... -- Human Capital Management ("HCM") annualised recurring revenues* ("ARR") increased by 133% year-on-year to GBP2.1 million for April 2023, positively contributing to profit margins ... *ARR is calculated by annualising revenue recognised in a given month from all clients on deployed HCM subscription contracts Maurice Dwek, Chairman of Newmark, commented: "It has been a milestone year in several ways, culminating in the Group returning to full-year profitability. What might look like modest overall top line growth hides the key story underneath, which is the launch of our strategic cloud platform, GT Connect. This is vastly more scaleable as a service offering and is accelerating GT's shift from being a 'hardware only' to a 'hardware-enabled software and services' business. This, combined with the return to growth in Safetell, shows the success of our 2025 Growth Strategy. ..." ..." The average SaaS gross profit margin is 75%, but NWT's SaaS gross profit margin should be higher than this, because of its 'HeSaaS'* business model, its 'best-of-breed' status, and the importance of its offering. *Hardware-enabled SaaS:- "Hardware Enabled SaaS : Next generation of SaaS companies Kumar Sparsh · Follow Published in Unicornindia · 3 min read · Sep 23, 2019 ..." In conclusion, it all points to a quite transformative breakthrough in NWT's Group revenues and profits over the next couple of years, followed by further excellent growth going forward. And with investors in NWT getting two attractive businesses for the price of one or less. |
Posted at 01/11/2023 10:42 by hedgehog 100 NWT closed up 4.5p (9.5%) yesterday, closing at 52p; and has now edged up a further 0.5p so far today.Not to be sniffed at in the current challenged markets, and it's good to be back in the 50s nice & quickly. NWT's dips this year have been very well bought, and have tended to be very brief, which are both bullish signs. And interestingly, all the buying yesterday took place in the afternoon, after NWT's morning AGM. We have of course today entered NWT's H2, which is expected to be stronger than H1, i.e. the inverse of NWT's year ending 30.4.23. So with the H1 just ended itself looking strong, NWT is looking good for a year of substantial growth in both revenues & profits. NWT's CEO Marie-Claire Dwek will clearly have a very attractive story to tell when she presents to some US investors 'across the pond' in a few weeks. Especially as NWT's Grosvenor Technology subsidiary, where all NWT's US revenues are achieved, reported a pre-tax profit of £2.196M. in its year ending 30.4.23:- 26/09/2023 06:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc |
Posted at 29/10/2023 14:16 by hedgehog 100 Fft,Most small company forecasts aren't worth the paper they are printed on - with some seemingly almost just plucked out of thin air. So if you derive some sort of false reassurance from them then more fool you. The difference with NWT is that it is experienced-honest enough to know the uncertainty, and to act accordingly. If you want a company that plays the silly game of issuing false forecasts, then sell your NWT, and go and invest elsewhere will all the other sheep. In many cases I specifically avoid shares with forecasts because I know full well they've no chance of being met, and that a profit warning or warnings will follow, as surely as night follows day. As regards the UKG business loss, this has been well flagged up by NWT for years, as well as being posted about on this thread:- 09/09/2020 07:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc " ... The news of the merger between Ultimate Software and Kronos, which we expect will result in a transfer of orders away from us over time to the Kronos clock, is disappointing, however we have benefited from this relationship and will continue to work with Ultimate into the foreseeable future. ..." 10/09/2021 07:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc " ... Growth opportunities in North America Following a three-year period of good growth, Grosvenor Technology continued to trade well across all lines of business and regions in a more challenging year. Our HCM revenues in North America, through our trading name of GT Clocks, held up well, although they were affected by the merger between Ultimate Software and Kronos, who make their own device and as a result we saw lower sales to this key customer. We have greatly benefited from our relationship with Ultimate and will continue to work with them. ..." Also note that NWT regularly wins large contracts which it doesn't RNS at the time, and you don't seem to complain about that. And the $22 billion merger of Kronos and Ultimate Software in 2020, to create UKG, is interesting (see my posts 67 & 68 above). Kronos, a former 100-bagger, evolved in a similar way to the direction that Grosvenor Technology is currently moving in:- "Products Originally a manufacturer of time clocks, the majority of Kronos' revenue is now derived from software and services. The company provides cloud applications[20] for workforce management and human capital management, as well as consulting, education, and support services to its customers." So for that historical reason, Kronos was a software company that unusually made its own hardware device. Both of those things (i.e. a $22 Billion merger, and a software company making its own hardware device) are pretty unusual, so though it still resulted in lost NWT business, not any that reflected upon the quality and value of NWT's offering, or its likely demand. On the contrary, as UKG has continued to buy NWT's for years, despite making their own. Regarding your questions:- • My only connection to NWT is as a retail shareholder, and I've never even spoken to or otherwise communicated with them. • Yes, I have my thoughts on what's possible here over the next couple of years +. A good starting point is to refer to my post 167 above, on NWT's HCM ARR. And also my following post (168), on valuing NWT's SAAS. |
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