Share Name Share Symbol Market Type Share ISIN Share Description
Nakama Group Plc LSE:NAK London Ordinary Share GB0004251970 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.30 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.25 0.35 0.30 0.30 0.30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 13.41 0.35 0.27 1.1
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.30 GBX

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Nakama Daily Update: Nakama Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker NAK. The last closing price for Nakama was 0.30p.
Nakama Group Plc has a 4 week average price of 0.23p and a 12 week average price of 0.23p.
The 1 year high share price is 1.23p while the 1 year low share price is currently 0.23p.
There are currently 117,791,441 shares in issue and the average daily traded volume is 281,137 shares. The market capitalisation of Nakama Group Plc is £353,374.32.
hastings: Rather hoping we don't get an offer here anytime soon as given the improved performance and prospects there is scope for some serious upside. Expected full year pre-tax profit circa £400k warrants a market cap of nearer £4m imo, or share price of 3.5p. I guess at some stage in the not so distant future though both FP and SH will have to talk, particularly as they account for around 54% of the shares.
dave4545: Been told the most likely outcome is a RTO reverse takeover where First Point reverses into Nak. Will be good for the share price
tomboyb: Looks like MAJOR shareholder now at 29% - Getting interesting now - I'm not sure takeover BUT it could HELP the share price -
dave4545: Nakama Group (NAK) – Recruiting for profit Michael TaylorNovember 21, 2018 12:47 pm 0 Nakama is an international recruitment business that has been listed since 1999 (previously Highams Systems Services Group). It previously traded in Australia until the closure of its Melbourne and Sydney offices in order to focus on where they can ‘own’ the market. Currently, Nakama has offices in London, Hong Kong, and Singapore. It remains firmly in nano-cap territory (latest share price of 1.2p, market capitalisation of £1.5 million). The Highams business (established since 1983) specialises in business and technology within the insurance and wealth management sectors. Nakama operates in the digital and creative sectors for marketing, media, and technology. The business has been on my watchlist for a while as they have previously struggled to turn the business around; however, since new CEO Andrea Williams came in we have seen clear operational progress. The opportunity The FY 2018 results saw a significant reduction in revenue due to the loss of a high volume client in Australia. The Melbourne office was closed, and since these results the Syndey office has also closed. These businesses were not performing well and a focus on the offices that are performing strongly should benefit Nakama in the future. A goodwill impairment of £478,000 was recognised and this was a complete impairment of all outstanding goodwill values, providing a clean slate for the future. As of the Final Results, the company was generating net cash but this was after movements in working capital. Whilst decreasing trade receivables is good if we looked at the cash position before these movements the company was actually consuming it. The most recent interim results (released yesterday) have now shown a change of £226,000 net cash generated by operating activities before movements in working cash. This should mean that the company will not require any cash calls and avoid the discounted placings that are so often needed to keep the lights on at many AIM companies. The Hong Kong market has continued to grow and Singapore has performed ‘solidly’;. The London business has struggled but is now coming through its restructuring phase with more short term headcount falls, and permanent recruitment revenues are expected to increase. In the future, headcount is expected to rise as the business implements its new growth strategies. The company reported net profit of £186,000, and if we assume only minor growth and full year net profit delivered £400,000 then the business would be trading on a PE of just under 4! Technical Analysis Nakama is now trading above all moving averages and recently saw a volume spike as First Point Group took 24.17% of equity that was (I believe) placed from Paul Goodship and Rob Sheffield. (Source: SharePad.) The price would need to break out from its previous high of 1.7p and then test the 2p resistance. A break of this would be incredibly bullish as the price would be well over 100% from its lows and confirming the uptrend backed by improving fundamentals. The stock is illiquid, and this must be considered in a stock that typically registers only a few trades per week! Conclusion I believe there is money to be made by materially changing your mind when the facts materially change, and after watching Nakama with interest for months I have finally entered the stock. It is never going to be a large position, but this is an interesting company that has removed the overhang of stock, is generating cash, and is net profitable with no goodwill impairments to come.
safman: Someone has acquired them I have a small holding here saffy..
tomboyb: Looks like management want orgainic growth - With 80% shares held tightly any good news here will be very good for the share price -
khalid: Chance of any Bid situation seems fading away with the share price falling.
glasshalfull: 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: Welcome Stefan, It's highly encouraging to see a CEO that is willing to engage with investors and potential investors alike. Being what would be commonly described as an 'AIM tiddler' on these boards, means that investor relations are very important. This along with news flow is the life blood of companies such as yours. Regular news, such as trading updates and publishing of any notes, as GHF states above, would really help your cause. It's very easy for good news to get lost these days and also difficult to keep people's interests piqued. A higher share price obviously benefits investors and the company alike, should further equity need to be raised as the company grows.
stef c: Hi, thanks for all your interest ! And thanks Gordon for setting this up. As you now I have to be careful what I say. Its tough out there in the UK at the moment as you know but conditions are much better in APAC. We are planning more rapid growth in Asia next year, all self funded. We only started there in April last year so having both offices in good nick is a good base to build on. We are eying expansion in egaming,online gambling,digital archiving,digital media and the growing price comparison sector and a number of related ecommerce sectors. The share price is creeping up. cheers Stefan
Nakama share price data is direct from the London Stock Exchange
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