Nakama Share Discussion Threads

[khalid] 13/2/2014 11:10

Bid talks with others is still possible,time will tell lets hope is very soon.

[tara7] 13/2/2014 10:47

Both have pulled out but no RNS from the company re all bid talks are off.

So are bid talks still on with others?

[khalid] 13/2/2014 10:13

nickg2 Yes you are right but they both have pulled out,what next?

[nickg2] 07/2/2014 17:32

Can't believe this thread is so quiet with TWO potential offers for the company I would have expected more posts...

[nickg2] 23/1/2014 09:25

"Statement re: Possible Offer

Nakama Group (AIM:NAK), the AIM quoted recruitment consultancy and leading niche provider of technology, business and professional services to the insurance and financial services sectors and recruitment for the digital technology and interactive media industry announces it is in preliminary discussions with two parties (the "Potential Offerors"), Talent International Holdings Pty. Limited and The Rethink Group plc, which may or may not lead to an offer being made for the Company.

In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Code"), the Potential Offerors must, by not later than 5.00pm on the 19th of February 2014, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

Pursuant to Rule 2.10 of the Code, the Company confirms that it has in issue 117,791,441 ordinary shares of 5 pence each. The ISIN number for the ordinary shares is GB0004251970.

A further announcement will be made in due course."

[nickg2] 22/1/2014 15:29

An interesting post by "backawinner" on another board:

"Nakama can bring either bidder an entry into the digital recruitment industry that both have struggled to find. Either deal would bring savings in office space, back office support and listing costs. There would be no internal competition only complementary activity. The ReThink bid would probably be easier as the listings are both AIM and the UK HQs are not far away. Nakama's underlying activity is stronger than it appears due to someone stealing from the company in 2012 and the loss hitting that year, but '13 and '14 look very strong looking at the investments made and the trends in these sectors. There is no other global digital recruiter in nakama's space which is growing everyday. If these deals don't work others watching this will have a go. There is also possible consolidation of the boards. Nakama win either way."

[nickg2] 22/1/2014 15:15

"preliminary discussions with two parties"

[11023154] 22/1/2014 12:23

does anyone have an estimate on the purchase? Anyone got a broker on it? Mine has no info and is effing useless

[tomboyb] 22/1/2014 11:20

As the economy recovers - these sort of businesses are in prime time - They rely on a growing economy and as it recovers especially very fast UK based - I think there may be a few predators.

RTC - very similar on a larger scale 110.

[11023154] 22/1/2014 11:16

Yer 7% this morning? Interesting news though

[acta_topup] 22/1/2014 11:07

Insider trading? Looks like a strong possibility

[mistermagoo3] 22/1/2014 10:53

Great news offer on the table hope its a good one

[orange1] 20/1/2014 22:34

Looks like someone is looking to buy stock but there is a shortage of sellers. The buy price is being gradually pushed up to try to induce some selling. This doesn't explain why the buyeris looking to buy, only the mechanics of why the price is creeping up on minimal volume.

[11023154] 20/1/2014 22:27

glasshalffull -

the share price seems to be on the move here, without significant news. I look at the fundamentals and see a company that is growing. I see that recent half year up until sept 2013 is pretty stable, no growth, the market cap at 2.5m though is unexplanable to me at this point. I will be spending the next few days investigating further into nakama. I have a decent understanding of recruitment market.

Have you got any thoughts on this recent movement?

Regards
Ben

[kemorkid] 09/9/2013 15:56

Anyone out there familiar with NAK-Gillen Markets said they were worth a punt.

KK

[sammy_smith] 01/8/2013 12:00

Listen - Nakama Group - Final results

Click the link below to listen to the interview

[glasshalfull] 10/5/2013 18:04

Not a good announcement at close of play on a Friday...CEO has resigned with immediate effect & no thanks offered.

I should declare that I have sold my entire holding since the shareprice recovered at the start of 2013 on reappraisal of the misappropriation of funds (theft/fraud) at the HK office. I wasn't entirely satisfied that process in place to prevent such an event in the future with shareprice recovery/strength allowing the opportunity to sell out and reinvest elsewhere.

I've no idea why SC resigned and note that he owns over 11% of the equity here.

Good fortune to holders & I'll continue to monitor and update thread as and when the company releases news.

Regards
GHF

[orange1] 13/2/2013 09:22

From today's Harvey Nash statement: "Demand for highly skilled technology professionals has created skills shortages in the mobile and digital segments of the technology market. Clients, particularly in Europe, have continued to favour flexible contract and temporary hiring over permanent and executive recruitment."

[paleje] 13/2/2013 08:45

Digital recruitment group Nakama has appointed Kathryn Fowler as a consultant in its Hong Kong office, focusing on media recruitment.

Fowler has 10 years of digital media experience and relocated to Hong Kong from the UK a year ago to take up a global account management role with international media agency MEC, part of the WPP Group.

[paleje] 29/1/2013 19:52

Digital recruitment group Nakama has launched IT for financial services division Nakama Financial Services in Munich.

Nakama's core creative recruitment brands have offices in London, Munich, Hong Kong, Singapore and two Australian bases (Melbourne and Sydney) – but previously the group's IT for financial services recruitment operated solely through its Surrey-based Highams Recruitment business.

Divisional expansion in Hong Kong, Singapore and Sydney will follow over the coming year, the company says.

Nakama Financial Services is led by senior consultant Angel Aban, who relocates from a role with Michael Page Singapore. He previously held management roles in business change and IT with financial services group UBS, and computing company HP.

[glasshalfull] 26/11/2012 20:39

Allenby have today produced an excellent research note on the staffing sector which incorporates a chapter on NAK & balanced conclusion that I concur with.

There are no forecasts currently available and in light of the fraud I'd imagine they'll be lowered for the current year but hopeful that 2014's forecasts will indicate a full recovery in profitability as previously anticipated.

Few snippets;

"Revitalised by the capital injection and a change in management, the group reported substantially reduced losses in the 2008/09 financial year and a return to profitability in 2009/10 and 2010/11. In FY 2011/12 the group completed the transformational acquisition of Nakama for £1.28m in shares which was consolidated for 5.5 months.

For the first four months of the current year the group stated that its EBITDA was close to the £232,000 achieved for the whole of the previous financial year. However, the recent publication of interim results revealed that while business was generally faring well and in line with management expectations the board had discovered a significant misappropriation of company funds and misreporting to cover poor trading within the group's Hong Kong office.

As a consequence the manager had been dismissed and an exceptional provision taken of £68k to cover potential bad debts and in addition £52k had been written off misreported sales. This has obviously had an effect on the interim results which revealed an adjusted PBT decline to £79k from £152k a year earlier.

This is very disappointing, all the more so because it detracts from the solid progress achieved in most other parts of the business. We do not consider the interims to be in any way representative of the underlying performance of the group or of the potential which we hope will show through in the second half and more fully in the year to March 2014. However, it will need a continuation of positive news flow and better results for that potential to be reflected in a stronger share price."

Regards,
GHF

[stegrego] 26/11/2012 11:00

I thought we may have a bit of a recovery going on then, but that tick up got sold into for 300000 within 5 mins.....

[paleje] 19/11/2012 16:05

Timely if only a pinkie but I think the market is sceptical of director pocket money purchases, GA did it the other week at ITQ and was berated for it; it would be nice to hear when they've got HK sorted and how they've made it watertight, whether its mixed with other news or standalone, I know that's a nuisance to management but from an investor's perspective its very good to get that sort of update and possibly do more for confidence than minor buying.

Btw still haven't written to Stefan, GHF, still might, following though.