We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Northgte.Inf. | LSE:NIS | London | Ordinary Share | GB0005583728 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 95.25 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 95.25 | GBX |
Northgate Information Solutions (NIS) Share Charts1 Year Northgate Information Solutions Chart |
|
1 Month Northgate Information Solutions Chart |
Intraday Northgate Information Solutions Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 08/2/2010 | 21:41 | NORTHGATE moving north | 10 |
| 08/2/2010 | 21:02 | Northgate - Excellent posting from squawkbox | 12 |
| 14/9/2008 | 11:15 | Northgate Information Systems - Strategic Repositioning And Reason To Buy | 5,864 |
| 12/4/2008 | 00:54 | New Island Resources: Canadian with Gold & Cash | 5 |
| 21/3/2008 | 07:57 | Te last post. | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 13/9/2008 21:32 by balcony i now think we were lucky to get 90p,NIS would be in the 20s in the current climate. |
Posted at 13/9/2008 18:59 by slaterlp Does anybody know why IC this week suggests that NIS is a good defensive investment?Are they relisted? |
Posted at 23/12/2007 01:37 by grlz slate - I agree with u totally - 95 it's a giveaway but fair value at this point - Arinso I know will go well and NIS if it remains independent could easily carry a 120/150 share price valuation as a result -> problem is what I or anyone else believes counts for sh#t as Arinso has yet to prove it's worth, even though early signs are good this is all washed away by the high debt NIS currently carries eg. MS noteKKR will now speculate with this risk but I believe Stone is sticking around as CEO and KKR will fund a continued expansion programme as well as the pension shortfall so great news for staff. I would like another bidder to come in but I doubt it KKR hold 19.9% and are buying more. The bid is all cash and they have the NIS Board behind them - They could have offered 80/85 but 95 prices out Silverlake and any other debt based offer. I am going to hold until I get 95 direct as the % is there and it's assured. imho The market is unforgiving and the Arinso purchase pushed the limits - I believe Stone's strategy was right as Arinso takes the company to another level, pity the "credit crunch" shone a harsh light on it after the event - Stone is capable of delivering the objectives KKR want and KKR can deliver in lower cost debt facilities than NIS can negotiate as a standalone business so the deal works KKR rehashing Northgate's view of Arinso being transformational is a poke to Numis who are looking like idiots. The analyst over at Numis should bank his bonus quickly imho.. I know a few here have made a decent return but the real winner is Jos Sluys former owner of Arinso - he sold Arinso to Northgate at the top of the market and now makes a huge additional profit on his NIS stake - his Christmas has come early!! we didn't see a "£1 by xmas" but it got close enough ;) |
Posted at 21/12/2007 09:28 by powwow looking at the charts I think its good value for NIS. The only other time they were above 95p was Oct 2006, all other times they were below 95p. So they are offering the companies all time high in terms of share price.I understand they are in a different position in terms of growth etc than 12 months ago, but saying that, their share price would probably not reach 95p for quite some time, so overall I think its good value, but then again I'm not an expert. Tradx666, you closed your short. |
Posted at 19/12/2007 19:05 by superglide Promise goes south at NorthgateNIS Published date: Wednesday, December 19, 2007 Northgate Information Solutions (NIS) Interims PTP: £0.52m (£13.9m) Divi: 0.29p (0.24p) Good order wins, a backlog worth £624 million and a 21% hike in the interim dividend suggest the IT services expert has a future rich in promise. But investors remain concerned about the Hemel Hempstead firm's £416.4 million net debt burden and how the company accounts for its research and development expenditure. The shares of Northgate Information Solutions plunged 13% in the two days after the figures were published and hit 59.5p. This is their lowest level since autumn 2004 and is way below the 95p twelve-year high achieved last autumn, before management batted away unsolicited private equity approaches. Northgate's debts soared primarily as a result of June's £251 million Belgian acquisition ARINSO, even if early profit margin expansion suggests the new addition has settled down well. Shares says: High financial leverage remains a worry. AVOID by: Russ Mould NIS Published date: Thursday, July 12, 2007 Northgate Information Solutions (NIS) Finals PTP: £31.9m (£30.6m) Divi: 0.72p (0.6p) Despite a welcome acceleration in organic growth in the second half, doubts continue to linger over how the Hemel Hempstead firm intends to integrate June's £251 million Belgian acquisition ARINSO. A fat order book of £389.8 million, equivalent to 111% of last year's sales, at least offers good visibility and Northgate's robust recurring revenues and strong cash flow attracted private equity bidders in October. These approaches were brushed off, however, and despite the possibility of trade buyers emerging as the IT industry consolidates, the £474.5 million cap's shares remain mired at 81.75p, well below last autumn's 95p 12-month peak. ARINSO operates in 27 countries worldwide and provides SAP-based human resources solutions, which compete with Northgate Information Solutions' own software package in this area. Shares says: Not expensive on a prospective PE of 13 for 2007. by: Russ Mould NIS Published date: Thursday, July 12, 2007 A developer and supplier of human resources and payroll software, NIS has been kept busy with numerous acquisitions in the last few years and has managed to create a powerful position in HR software, with a 30% market share in the UK. Management is building a solid reputation by making logical acquisitions and integrating them smoothly. The latest deal, with Arinso, looks like another key acquisition in the HR area, capable of turning NIS into a global player. Andrew Gibson from Galvan Research and Trading says: 'NIS is in a great position to deliver earnings growth. It has targeted niche areas with good growth potential and its market share should enable it to gain a competitive edge. The recent healthy results and director buying represent good grounds for a further rise in the share price.' BUY Northgate Information Solutions Target 90p Stop loss 77p TIME TARGET: 4 WEEKS |
Posted at 17/12/2007 07:30 by zed2002 Up and downs for NorthgateIt was a topsy-turvy week for Northgate Information Solutions. The software group fell on Tuesday after announcing its interims, as brokers suggested that it could breach its banking covenants in the next two years. It quickly rallied after reporting it had received an offer, but slipped again as the market began to have doubts over the deal. Yet it is understood that the talks are in a much more advanced stage than its short statement suggested, and the company will be taken private next year. It is tricky ground, as no one has forgotten the last time the group held talks. It announced last year it was in talks with a private equity group, widely speculated at the time to be Silver Lake Partners. The deal collapsed in October 2006, and the share price has slid since. The latest offer is also believed to be a private equity buyer, although its identity is unknown. One market expert said: "I understand that this time the deal is much more likely to go through, although the price could be a sticking point." Since its last offer, the share price has fallen from about 95p to 61.5p at the end of last week. "The shares are hugely undervalued. There is a good management team and it has good growth in all of its businesses. Any offer below 85p per share would be a blow," the source said. While the business continues to be feted, there will be further implications to the share price if the deal doesn't complete. The source added: "There will be egg on the face of both sides if it collapses." |
Posted at 16/12/2007 20:38 by john53 slaterlp/jazza,hot finance. Good posts.Nis has reported increase revenues/profits/eps This would be justifiable if the market had not been aware that the Arinso deal was to be financed by debt.The market knew the details of the financing of this deal and the projections that had been put forward to finance the interest payments. The resulting free cash flow generated would be used to reduce the overall debt levels.The company has reported sufficient headroom to the tune of 100m and indicated that trading is inline with projections. The srength of NIS is that it is now a global player with significant recurring revenue. When share price falls as in the case of NIS it takes courage and the belief in ones own investing ability to invest additional funds.When the price fell below 50p the arguement if favour of investing became compelling and i took the opportuniy to increase my holding. Once committed, patiece as a value investor becomes essential and will be rewarded either in the short term if a serious bid is accepted or in the longer term once the benefits of the Arinso deal feeds through to the bottom line. |
Posted at 16/12/2007 10:21 by slaterlp Yep, I agree.And I cant think of any other reason to explain why the share price is so low, other than your earlier comments about human nature ---- illogical emotional. Its greed and fear. Currently its fear that has the lead in the NIS story. But why should that be, and what exactly is the fear? I have pondered this for a long time with NIS, and each time the share price has dropped, I have aked myself one question. Am I worried enough to sell the lot? The answer has always been a resounding no. Its still no. So if I am prepared to hold, why not buy more? If I am not worried enough to sell, am I worried so little that I am prepared to buy more? The answer unfortunately has also too frequently been no. And is still currently leaning towards no. However, I feel like taking a gamble on the basis that there is not much downside even if the share price simply remains more or less where it is. So why dont I do it? Fear. I think its the fear that there is something in the woodpile (accounts) that is just waiting to be found out, and loose me my shirt so to speak. I think the trouble with NIS(MDIS) and companies like them, is that memories are long. And it just seems too good to be true sometimes. Someone, Numis now, is always looking for a reason to prove that its all on shaky foundations that are about to collapse. And it worries us. But on the other side there are better informed players that make a fortune out of that fear. When I look back over the last 8 or so years that I have held NIS, I see many many buying opportunities that I failed to grasp. But for all that I have managed to aquire over 60000 shares and I am not loosing money yet. I am just not making as much as I could have made. So yep 90p would be ok, but I want more. Greed. Will it outweigh my fear and convince me to buy more on Monday? All just my oppinion of course.:) |
Posted at 13/12/2007 12:16 by simon gordon From the FT's Alphaville blog this morning:NH: got some thoughts on Northgate NH: before we get back to the banks NH: stock had a rollercoaster ride yesterday NH: tumbled in early trading after Numis and Morgan Stanley warned clients that the company, which has loads of debt, could breach its banking covenants NH: stock then rallied sharply, to end the day higher NH: after the company said that analysis was flawed NH: and that it had also had a bid approach PM: they just thought they would slip that in then NH: why not??? NH: anyway, most people thought the stock would open higher this morning NH: after all the press have been talking about a 100p a share bid PM: and? NH: they are down 9.5p at 62p PM: Ahhhh!! NH: that's a fall of 11% PM: Why?? NH: well, first no one believes Northgate will be bid for NH: and that's not surprising NH: The group has received a takeover approach about 15 months ago (we believe the offer was in the mid 90p levels ), NH: but Northgate walked away from it as it felt it didn't fully reflect the underlying value of its NH: various businesses NH: and second Numis has renewed its attack this morning NH: published another really bearish note PM: Saying? NH: that the share price risk is asymmertric - NH: on the downside that is NH: Repeating our view on covenants: Our calculation method of the group's net debt/EBITDA multiple is, and always has been, in line with the approach used by Northgate's banks. NH: We forecast trailing net debt/EBITDA at April 2008 at 4.25x (£440m/£103m). The group's net debt/EBITDA covenant is 4.75x until April 2008, falling to 4.25x at July 2008. NH: Our calculations therefore suggest that any trading weakness in the next year could lead to a covenant breach. NH: What price a bid? The FT suggests that "a private equity group [is] hoping to achieve a price of around 100p per share". We estimate that 100p would be a 1-year forward EV/NOPAT multiple of 18.5x. When bid talks failed a year ago, in much more favourable markets for private equity, the 1-year forward multiple at the then mooted bid price also of around 100p was 18x. NH: A bid at 100p now would therefore be at a higher multiple of future NOPAT than the best available bid 12 months ago. Even at the current 71p share price, we think that the CY08 EV/NOPAT multiple of 15.5x would be a good take-out multiple in current markets. NH: Debt change of control? We don't know whether Northgate's debt facilities contain a change of control clause, although we believe that these are common. If such a clause is in place, then we think that any new owner of Northgate would almost certainly end up paying higher interest rates, and conceivably might not even be able to raise as much debt finance. NH: Asymmetric downside risk: We think that a bid at around 100p is highly unlikely, and even a bid at the current level would be a good price. Given the risk that a bid might well not emerge, we think the share price risks as highly asymmetric on the downside PM: Hmmm - taht is aggressive - and they clearly dont beleive the bid story either NH: Now this note has been penned by Will Wallis and David Toms NH: and Mr Toms has an excellent nose for spotting software companies with problems NH: Torex, he spotted that disaster PM: Ah, did he? NH: he was also bearish on isoft, another disaster NH: in fact some of the most spectualar blow ups in recent years have come from the software sector NH: there is just something about it NH: anyway, the market listens to this guy NH: and if he is worried about debt at Northgate NH: then so should investors PM: given those debts levels it does look like an unlikely bid candidate NH: I agree |
Posted at 03/12/2007 22:12 by slaterlp I dont think there is a problem with NIS. Its the way the market views them. They are simply not trusted enough. Every time the market in general is as volatile as it is right now, NIS share price goes down.I think it may well fall further. There is plenty of scope for more chaos on the markets. So I am gambling that NIS will fall further. I hope I am right then I can buy more. But I am not going to sell on that hope, in case I am wrong in the face of the coming results. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
