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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| National World Plc | LSE:NWOR | London | Ordinary Share | GB00BJN5J635 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.25 | -1.33% | 18.50 | 54,833 | 16:07:28 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 18.00 | 19.00 | 19.00 | 18.50 | 19.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Periodical:pubg,pubg & Print | 88.4M | 2.7M | 0.0101 | 18.56 | 50.19M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:08:19 | O | 2,534 | 18.125 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 29/11/2024 | 15:00 | UK RNS | Dowgate Capital Limited Form 8 (DD) - National World |
| 29/11/2024 | 08:30 | UK RNS | Media Concierge (Holdings) Limited Form 8 (OPD) National World plc |
| 26/11/2024 | 12:13 | UK RNS | NR Holdings Limited Form 8.3 - National World PLC |
| 25/11/2024 | 14:08 | UKREG | Premier Miton Group Plc - Form 8.3 - National World PLC |
| 22/11/2024 | 15:15 | UKREG | Aberforth Partners LLP - Form 8 (OPD) - National World plc |
| 22/11/2024 | 14:52 | UK RNS | Harwood Capital Management Limited Form 8.3 - National World PLC |
| 22/11/2024 | 14:11 | ALNC |  UPDATE: National World voices concerns about Media Concierge bid |
| 22/11/2024 | 13:06 | UK RNS | National World PLC Statement regarding Possible Offer |
| 22/11/2024 | 10:35 | ALNC | National World shares rise on Media Concierge's GBP56m takeover move |
| 22/11/2024 | 07:00 | UK RNS | Media Concierge (Holdings) Limited Request for engagement from National.. |
National World (NWOR) Share Charts1 Year National World Chart |
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1 Month National World Chart |
Intraday National World Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 29/11/2024 | 20:59 | National with Charts & News | 152 |
| 26/5/2022 | 06:40 | Remarkable price . | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:08:20 | 18.13 | 2,534 | 459.29 | O |
| 16:07:40 | 18.00 | 1,871 | 336.78 | O |
| 16:07:30 | 18.50 | 15,000 | 2,775.00 | O |
| 16:05:34 | 18.53 | 24,314 | 4,504.17 | O |
| 14:44:43 | 18.50 | 7 | 1.30 | O |
| Top Posts |
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Posted at 03/12/2024 08:20 by National World Daily Update National World Plc is listed in the Periodical:pubg,pubg & Print sector of the London Stock Exchange with ticker NWOR. The last closing price for National World was 18.75p.National World currently has 267,663,987 shares in issue. The market capitalisation of National World is £50,186,998. National World has a price to earnings ratio (PE ratio) of 18.56. This morning NWOR shares opened at 19p |
Posted at 27/11/2024 09:55 by red ninja National World shareholder calls on board to engage with £56mn takeover bidHarwood Capital says newspaper group should negotiate a higher offer price One of the biggest shareholders in National World has called on the company’s board to enter discussions over a potential sale to Media Concierge, which last week made a £56mn takeover approach for the listed newspaper group. National World, which is one of the UK’s largest regional newspaper owners with The Yorkshire Post and The Scotsman, is at the centre of a takeover battle between its board, led by veteran media boss David Montgomery, and Media Concierge, its largest shareholder, run by Malcolm Denmark. Harwood Capital, which is the sixth largest shareholder in the company and an investor since its initial public offering in 2019, has pushed the company to engage with Media Concierge to try to negotiate a higher price than the 21p a share offered last week. Richard Staveley, a partner at Harwood, which owns more than 5 per cent of National World’s stock, told the Financial Times that Media Concierge could “pay slightly more” for the business, which could make the deal acceptable. Harwood has met with the company this week to discuss the bid. “We are keen for National World to engage with the offer,” Staveley said. “We are encouraging the board to engage fully and agree on a price to vote on.” Media Concierge, which owns 28 per cent of National World, offered 21p a share for the business, a 40 per cent premium to its closing price before the bid was made public on Friday. Staveley said he was concerned that the board might not engage fully with the approach, given the two sides are already locked in a commercial dispute that erupted last week in a series of accusations and counter claims. “It is not good to see this commercial dispute to come up at this point,” said Staveley. “We don’t want to see this dispute frustrating the chance to give shareholders the vote on an offer for the company.” In a statement, National World said that it had undertaken a “significant amount of work with its financial and legal advisers to evaluate the possible offer”. It added: “The board has confidence in National World’s strategy for value creation as an independent business, but acknowledges the potential merits of the possible offer. The work to evaluate the possible offer continues and further announcements will be made as and when appropriate.” Over the weekend, Media Concierge said that National World’s advisers had indicated that they would provide access for “limited and confirmatory due diligence” but that this had not yet been provided. Media Concierge said that it was “unclear whether the board of National World has any intention to engage meaningfully”. The approach from Media Concierge last week prompted National World to reveal that it was investigating “a potentially systemic pattern of historical invoicing irregularities in relation to the activities of entities affiliated with Media Concierge”, relating to an advertising deal between the two companies. Entities affiliated with Media Concierge were also withholding revenues of £4.4mn, it said. Media Concierge said the allegations were “completely baseless and are strongly denied in their entirety”. It added that National World had provided no evidence to support the allegations, and noted that the timing coincided with the initial takeover approach. The amounts that were allegedly “withheld&rdqu National World said that for Media Concierge’s potential offer to be evaluated, it had requested access to historical records to facilitate the investigation, but these had not yet been provided. Copyright The Financial Times Limited 2024. All rights reserved. Reuse this content(opens in new window)CommentsJump to comments section |
Posted at 25/11/2024 12:03 by red ninja Approximately 2 years ago NWOR pondered a bid for RCH.It never struck me as serious and came to nothing :- |
Posted at 22/11/2024 11:42 by red army I dont understand as to why they think that people would buy into this statement. Its pathetic to try and sell it to shareholders from this angle.The Possible Offer values National World's entire issued, and to be issued, ordinary share capital at approximately £56.2 million, and implies an enterprise value of approximately £43.2 million. The Possible Offer provides shareholders with a significant premium to the standalone price of National World shares, representing a premium of: · 40.0 per cent. to the closing price of 15.0 pence per National World share on 21 November 2024; · 37.0 per cent. to the volume-weighted average price of 15.3 pence per National World share for the three-month period ended 21 November 2024; · 42.1 per cent. to the volume-weighted average price of 14.8 pence per National World share for the six-month period ended 21 November 2024; and · 16.7 per cent. to the 52-week high price of 18.0 pence per National World share for the period ended 21 November 2024. |
Posted at 01/11/2024 16:08 by bingham Red. I think you`l find that NWOR is not an AIM share.I certainly got charged stamp duty on both my two purchases. |
Posted at 22/10/2024 21:44 by red ninja Bought a few more today.I’m hoping that NWOR can survive the Ni tax raid, new workers rights and CGT hit on investors. Hopefully Labour won’t remove the AIM inheritance tax break assuming they don”t want to finish off the AIM market. |
Posted at 19/8/2024 19:03 by red ninja 2 x 500k unknown trades today that must have been the factor that presuambly raised the share price. |
Posted at 10/8/2024 10:17 by napoleon 14th Thanks, Rivaldo. Dowgate's assesment reads well too.P/E c. 5.5 backed by progress ahead of expectations. Only thing wrond is the share price! |
Posted at 07/8/2024 08:29 by rivaldo Cheers napoleon 14th, reads very well. The interims which were out whilst I was away on hols were excellent, with NWOR well on track to meeting and perhaps beating the 3p EPS forecast.And the £13m cash pile represents 30% of the entire m/cap. With no pension liabilities, unlike RCH. Also good to see an NED buying 30,000 shares after the results at 17.6p, well above the current share price. And Harwood have been buying again - they're now up to 5.07% with 13.575m shares: |
Posted at 03/8/2024 11:55 by napoleon 14th Forensic analyst Small Caps Live writes very +ively:National World (NWOR.L) - Half-Year Results. Strong results and outlook here: "Revenues in July have increased by 13% year on year. The Company will continue to benefit in the second half from three key drivers - the acquired businesses, new launches and relaunches of heritage brands. Tight cost management remains a critical factor as in the whole sector. Adjusted EBITDA of £5.0 million, up 61% and adjusted operating profit of £4.7 million, up 62%." Not all of this is organic, where revenue is likely flat, if not down slightly. This would be much better than Reach, though, which they have an apparent dig at: "The Company's primary focus is to build a sustainable and monetisable content business, embracing its news provision tradition but with a wider agenda across all platforms. This pivoting of the business has continued unabated despite the economic headwinds in the first half." Broker Dowgate join in the Reach pile-on: "Balance sheet. Net cash finished the period at £13.0m, equal to 5p per share. The group has no defined benefit pension obligations or earnouts." They also say: "We view the encouraging H1 results as firmly underpinning our FY24 PBT/EPS estimates of £11.0m/3.0p." This is down from 3.1p but a very minor change. There is scope for their dividend forecast to be beaten, though, as National World has declared an interim dividend for the first time. They don’t say if they will reduce the final dividend accordingly but think there is a chance that this beats expectations for payout. The high dividend payout is one of the reasons some investors take the risk with Reach. However, fast forward a few years and Reach may be forced to cut theirs, given the weak balance sheet there, so National World may overtake their yield unless prices change to reflect the valuation disparity. Like Reach, National World is a company that likes their adjustments, and for both companies, you could argue that restructuring is part of their business model, not a one-off item. Here, the figure has reduced to £ 0.6m from £1m, and the rest of the exceptional are goodwill write-downs, which we think is usually correct to adjust out, So Mark would go for £4.1m operating profit, not the £4.7m declared, to be the true underlying, but this makes it still pretty much the cheapest UK trading company on an earnings basis. So far, the share price rise has been modest, reflecting the confident but in-line outlook. However, this doesn’t even reverse the drop on no news that happened over the last month, presumably from boredom amongst smaller investors. Running the numbers and assuming the restructuring costs are part of normal business and adjusting for cash, then this works out to be a P/E of 5.7 for FY24 and 5.1 for FY25 at the current buy price. On the same basis (and including agreed cash payments to the pension trustee), Reach is on 10.3x for a much riskier business that, in our opinion, is not run as well. We get the concerns with declining revenue and why some may want to avoid the sector, but it seems nonsensical that investors would prefer Reach in the sector on double the rating. |
Posted at 31/5/2024 12:26 by napoleon 14th Bought a few @ 15.345p (contrary to 14.5p/16p first quoted) as the T/O posibilities are interesting and Small Caps Life (free subs to a very interesting forensic analyst) closing comments:"LFLs look to be slightly ahead. For us, flat is a win in these advertising markets. Extending these forward leads to revenue slightly below the £101m Dowgate forecast. However, in practice, we expect them to make at least one acquisition and beat forecasts. Adjusting out the net cash, these forecasts leave the company on a P/E of just 4, even after a small share price rise this week. This seems far too cheap for a cash-generative company delivering flat like-for-like revenues in trough advertising markets. We can’t help feeling that if they could be bothered to do some proper IR, the share price would be at least double the current level. Let’s hope the institutions voting against key board members gives them the kick they need." |
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