National World Share Discussion Threads

[red ninja] 08/4/2022 10:35

Share had a snippet on NWOR today from a piece on micro cap funds :-

"National World (NWOR), an ‘illiquid and
under-the-radar company trading at the bottom
end of the main market’ according to MacKenzie.
‘National World was a reverse into the regional
publishing assets of the old Johnston Press. The
management team are top calibre, with experience
seldom found in £70 million market caps."

[tole] 18/3/2022 17:51

https://masterinvestor.co.uk/equities/taking-a-bullish-small-cap-look-at-mpac-cau-nwor-and-idox/National World (LON:NWOR) – organic growth this year, while sussing out further dealsThis group is creating a new platform for news publishing by implementing a new model powered by 'state of the art' technology.It is seeking to digitise and monetise its relevant and unique content for both the local and national markets. And doing so across multiple brands and platforms.Its major corporate move was made early last year when it acquired the JPI Media Publishing group.Yesterday it reported its figures for the year to 1 January 2022, showing a revenue of £86m and a pre-tax profit of £8.6m, worth 3.7p in earnings per share.Expectations are that the continuing investment in its operating model will see gently lower profits this year of £8.1m and earnings of 2.3p per share.Analysts Paul Richards and Brendan D'Souza, at Dowgate Capital, see £88m sales next year and £8.9m profits, worth 2.4p per share in earnings.They rate the shares as a 'buy', with a price objective of 55p.They touched 42.25p at one stage last year, but last night the shares closed at 28.5p, up over 4% on the day.Considering that boss David Montgomery and his crew have only just started on their 'buy and build' programme, I consider that this group's shares have a great deal of upside potential.There are so many acquisition possibilities within this media sector and these guys know just how to expand their group – they have done it before and successfully sold off the results.

[grahamburn] 17/3/2022 12:28

In very general terms the figures show a similar story to that revealed in Reach's recent figures - digital growth, print decline and increase in print costs.

[pj0077] 17/3/2022 09:59

Unless they can acquire businesses on 5 times earnings or below, them that multiple is only going to rise...

[basem1] 17/3/2022 09:15

Strip out the cash and is trading on around 5 times earnings Extremely good value Let's hope the financial press pick up on it

[puzzler2] 17/3/2022 08:53

Luke warm reaction from the market this morning. The trade-off between loss of print revenues and growth of digital is difficult to gauge moving forward, but there's a strong management team here that know what they're doing and who have a plan for the future.

[spooky] 17/3/2022 07:40

Great to see a full set of figures. Very impressive management performance. 23m in cash, nice clean balance sheet, 3.7p EPS and a clear strategy for growing the business.

[spot1034] 16/3/2022 19:44

Plus four trades of 40k, one of 30k and two of 25k all in the last hour marked as unknown but almost certainly buys given the price movement.

[grahamburn] 16/3/2022 19:29

A couple of small buys and one sell is hardly a "flurry of activity" even for this lowly traded share.

[spot1034] 16/3/2022 18:37

A flurry of activity late in the day and a significant markup. Don't think there's a firm date for results yet but can't be more than a month or so away and could be sooner.

[puzzler2] 01/3/2022 07:48

Respectable results RNS today from RCH, albeit headwinds for 2022 - hopefully a positive read across to NWOR, which doesn't have the same legacy issues.

[tole] 23/2/2022 06:44

https://masterinvestor.co.uk/equities/national-world-getting-ready-for-the-next-share-price-move-upwards/National World – getting ready for the next share price move upwardsBy Mark Watson-Mitchell 21 February 2022 4 mins. to readNational World – getting ready for the next share price move upwardsIn mid-May last year, I alighted upon this budding media group.Within four months its shares had doubled in price.They subsequently peaked 130% higher than my profile price and easily breaking through my objective.It was at an early point in the group's development, just a few months after it had made a massive acquisition which totally changed its corporate path.From a 'tiddler' status in January last year that purchase helped to turn it into the third largest UK operator in its chosen sector.Shortly we should be seeing the first major year's results and, hopefully, signposting its future growth from its well-expanded base.The businessDavid Montgomery is 'a man of the print'. He was formerly with the Daily Mirror, The Sun, the News of the World and Today. He knows his sector very well and made a couple of fortunes for himself and fellow investors along the way.He also knew how to handle mergers and acquisitions within that trade, gaining further knowledge with his Mecom Group and then with Local World, the latter which was sold to the Reach Group.He set up National World (LON:NWOR) and floated the new company in September 2019.His aim was to acquire both historic and more recent news brands, then using latest technology to reduce costs while boosting online strategies.He then looks to jettison legacy systems and archaic industrial practices to create efficient dissemination of news, monetising it by matching content to audience.His new publishing business model enables his management 'to localise, energise, digitise and monetise relevant and unique content'.First stepping stoneWithin three months of coming to the market the company confirmed that it had been contemplating several acquisitions. It also stated that it had approached JPI, the remnants of the former Johnson Press International provincial newspaper empire.That was early December 2019. At the very end of 2020 the company announced the £10.2m acquisition of JPI Media Publishing and associated subsidiaries, making up the JPI Group, from JPI Media Ltd.In one big blow Montgomery kicked off the first part of his corporate strategy for National World.That cash and loan notes deal included a range of 13 regional and city daily newspapers, together with over 100 other franchises in print and online.Third biggest local publishing groupThe JPI Group is the third largest local news publisher in the UK and its iconic titles and websites include: The Scotsman, The Derry Journal, The Yorkshire Post, Belfast's The Newsletter (the oldest English language newspaper in the world), The Sheffield Star, Edinburgh Evening News, The Portsmouth News and The Lancashire Evening Post.What was effectively a 'reverse takeover', looks to have been a real coup for Montgomery and his team, who are also all well experienced within the print trade.EquityThere are some 259.4m shares in issue. Larger holders include Aberforth Partners (20.5%), David Montgomery, Chmn (7.02%), Gresham House Asset Management (4.73%), Downing (3.30%), Miton Asset Management (2.01%), Canaccord Genuity Wealth (1.83%), Vijay Vaghela, COO (1.29%), Paul Curtis (1.04%) and David Poutney (0.96%).Latest Trading UpdateIn the middle of last December, the enlarged group declared its Pre close Trading Update for the year ending 1 January 2022.Since the acquisition of JPI Media and its subsidiaries on 2 January 2021, the modernisation of the business proceeded at pace and the new owners have established a media presence across the whole of the UK with numerous online launches. At the same time, very much as planned, they have delivered efficiencies and there has been an improvement in advertising revenue.The group guided that revenue for last year was around £85m.It also stated that it was implementing a new phase of restructure to create a sustainable premium content and sales business, as well as maintaining performance in the near term.Brokers ViewAnalysts Paul Richards and Brendan D'Souza, at brokers Dowgate Capital, estimate that on last year's sales it could well have made £7.6m adjusted pre-tax profits, worth 3.0p per share in earnings.For the current year they go for a repeat £85m of revenues but with £8.1m of profits, generating slightly lower earnings of 2.4p per share.The next year, 2023, should see some £86.2m of sales and £8.9m profits, giving 2.6p in earnings per share.Upon the recent Update they increased their price objective from 50p to 55p per share.My ViewI do believe that Montgomery and his team have the talent and the ability to create a real force within the UK local and regional news publishing sector.Although we have no dates yet for the full final results being published, I imagine that they are not that far away.At that time I would expect the £70m group to step up its investor publicity quite significantly. They have a very good story to tell and that should reflect in a much higher share price.Last year the group's shares touched 42.28p, that was in early September. They subsequently fell away to just 24p at the start of this month.It is well worth noting that the shares also boast some 8p worth of net cash in the balance sheet.On Friday night they closed at 27p, I see them attempting to break above the previous High within the next year.

[tole] 04/2/2022 09:42

Also have a few tucked away..Yes sounds right.. possible news leaking about a successful bid.https://www.holdthefrontpage.co.uk/2022/news/dailys-editor-touts-charge-for-news-and-business-content-online/RCapital has declined to comment further on the sale process.The three potential bidders have also declined to comment on the speculation, but National World executive chairman David Montgomery revealed last month that his firm was now "actively engaged" in plans to buy other businesses.

[waspfactory] 03/2/2022 16:43

I'm enjoying the serenity of this board in contrast to the muppetry on other boards of shares I follow. Nice leg up this week :-)

[sphere25] 03/2/2022 15:03

Oh no rumbers2, just me and you. We are definitely in trouble! :-)

Man the fort and try and rally one or two more or our shares might get beaten down!

It actually is getting eerie around the boards, even the really hyped ones where you would get hundreds of posts a day. It all shows what has happened recently but who said this was a one way street?

We had the good, now we have to endure some of the bad.

Let's see who has come in to pick up these shares and if it does move.

Just me and rumbers2, 50% share capital each! :-)

[rumbers2] 03/2/2022 14:18

Seller coming in now, and price is falling

[sphere25] 03/2/2022 12:45

Big print at a premium: 12.2m at 28.9p

Someone stake building here too?

Maybe a seller clear out? Buying closed off

Any more prints to follow?

All imo
DYOR

12:55 EDIT

Further prints hitting. That trade almost matches the last disclosure by Harwood so if that is an overhang clearance, should be bullish for the price.

12:57 EDIT:
Further prints hitting of 4.3m. Someone has come in to buy big here. Volume is going through the roof.

13:44 EDIT

There are a couple of corrections in there of the trades, netted off one of the 4.3m trades and one of the 12.2m trades.

Nobody is interested, looks like just me grabbing a few Ha

Echooooo echooooo echooooo

If these are the sellers cleared who were holding the price at 30p, the price could pop back up toward that 35-40p range again.

[simmsc] 01/2/2022 21:23

I'm guessing that news has leaked that Nwor bought those newspaper titles that are up for sale. Either that, or its speculation that they got it. No other apparent reason for sudden rise (none of the others in the sector have jumped - so it's not a sector move).

[sphere25] 01/2/2022 11:18

Stream of buys coming in here. Tipped?

Anything going on? Usually a tip or a whole load of nothing. Oversold buying post US sell downs?

[puzzler2] 29/12/2021 14:55

Looks like a small cup and handle has formed.

[waspfactory] 29/12/2021 14:15

Good luck - we're back to where I started in October :)

[red army] 29/12/2021 12:46

Just starting to drip in some money into this one.

[eigthwonder] 19/12/2021 20:08

Their forecasts might be correct but just remember that their enthusiasm is likely based on the fact the company might be on the acquisition trail and could need to raise capital. And you don’t need to be a genius to work out that Dowgate might just be the adviser and beneficiary should such deals come to fruition. As written by a holder but one jaded by the corporate broking model.

[tole] 19/12/2021 13:37

https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-nwor-src-and-sce/National World (LON:NWOR) – a timely 'fancy' and still cheapA week ago, I noted that I fancied this group's shares for a quick pick-up – they were then trading at just 24p. In fact, they went even cheaper, down to 22p earlier this week.Yesterday morning's Pre-close Trading Update was very bullish, declaring that business has remained robust, with the group expecting to beat market forecasts for the year to 1 January 2022.Analysts Paul Richards and Brendan D'Souza at Dowgate Capital have estimated the current year to see revenues of £85m (£85m) and adjusted pre-tax profits of £8.1m (£7.6m), worth 2.4p per share in earnings and covering a dividend of 0.5p (nil).For next year they see £86.2m of sales and £8.9m of profits, generating 2.6p in earnings and a 0.7p dividend per share.With the group now looking to get back on the acquisition trail the brokers are enthusiastically putting out a price objective of 55p.The shares touched 32.90p yesterday in busy trading before profit-taking clipped them back to close at 29p with some 1.3m shares traded against the average daily volume of 149,435.Hold tight.

[tomps2] 17/12/2021 10:18

#NWOR discussed alongside Reach in Richard Leonard's latest interview @ 35m37s

hxxps://www.piworld.co.uk/education-videos/piworld-interview-with-richard-leonard-winners-and-losers-of-2021/

This was before yesterday's upgrade, which Richard was very excited about. Dowgate note on Research Tree.