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Share Name Share Symbol Market Type Share ISIN Share Description
Nektan Plc LSE:NKTN London Ordinary Share GI000A12CYF8 ORD 1P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.85 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 22.6 -6.4 -15.9 - 2

Nektan Share Discussion Threads

Showing 776 to 799 of 800 messages
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older
DateSubjectAuthorDiscuss
14/4/2020
08:09
Game over - too small to surviveNeeded much stronger management There will be a cull of weaker playersThe big boys will benefit - ptec GVC etc
trentendboy
02/2/2020
21:11
Biz is worth 200k per Directors debt of ten mil go figure yup
rich1980p
01/2/2020
20:02
But u must agree that the dirs have had the B2B biz values at 200k, if not why not ? Ansa pls
rich1980p
01/2/2020
10:29
Hi Rich, thanks for taking the trouble to post that. All depends on whether a fair arrangement can be made for HMRC liability then.
furryguy
31/1/2020
21:05
Let’s all read that last para which idiot included that Errol?!
rich1980p
31/1/2020
21:04
Presume this is an attempt to deflect from truth anyway boys and girls I’ve cut out an even bigger section so u can read for yourself and not get sucked in by peeps trying to avoid truth Strate out of 27/1 rns NEKTAN PLC NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 30 June 2019 1. Accounting policies Basis of preparation The consolidated financial information has been prepared in accordance with International Financial Reporting Standards including International Accounting Standards ('IASs') and interpretations (collectively 'IFRS') as published by the International Accounting Standards Board ("IASB") which have been adopted by the European Commission and endorsed for use in the EU for the purposes of the Group's full year financial statements. Nektan Plc (the Group) is incorporated in Gibraltar and registered in Gibraltar with the address Fiduciary Management Limited, 23 Portland House, Glacis Road, Gibraltar. The financial information is presented in UK Pounds Sterling ('Sterling') and rounded to the nearest £'000. The financial information does not constitute the Group's statutory accounts for the year ended 30 June 2019 or the year ended 30 June 2018. Statutory accounts will be filed with Companies House Gibraltar following the Company's Annual General Meeting. In forming their opinion on the financial statements, which is not modified, the auditors have included a material uncertainty paragraph which relates to the Group and the Company's ability to continue as a going concern. The basis for the material uncertainty is described in note 1 below. Going concern The financial statements have been prepared on a going concern basis. The Group continues to be loss making however, due to the disposal of a majority stake in the US business, Respin LLC, the group no longer funds the capital expenditure and development costs of Respin LLC which had previously consumed large parts of the Group's cash reserves. In November 2019, the Directors announced the successful completion of an equity fundraising of £2.7m, alongside a series of inter-conditional transactions that resulted in: · the full conversion of the Series A convertible loan notes of £3.9m, including accumulated interest of £0.5m; · an amendment to the terms of the Series B convertible loan notes totalling £0.7m to extend the repayment date to 31 March 2023, whilst at the same time reducing their coupon rate from 10% to 0% until 1 January 2021, after which date interest will be payable at 5%; and · an amendment to the terms to the shareholder loans to extend the repayment terms to 29 April 2021. Following the above fundraise in December 2019 the Group announced that the Directors of the principal trading subsidiary; Nektan (Gibraltar) Limited had placed that Company into administration. As previously disclosed that Company had a legacy balance debt in respect of point of consumption tax due to HMRC which at the balance sheet date was £4.6m and at the date of approval of the financial statements is £5.9m. The Directors also announced the conditional sale of the UK facing B2C business to a 3rd party for a purchase price of £50k upfront, contingent consideration of £150k with an ongoing platform fee for the provision of B2B services to the acquirer. The completion of the transaction is subject to the acquirer's obtaining the necessary licenses from the UK Gambling commission. Following an independent valuation, Nektan (Gibraltar) Limited has also disposed of its B2B business to Nektan Technology Limited, a fellow group company for £0.2m. Nektan Technology Limited has received from the Gibraltar Licensing Authority ("GLA") a provisional B2B license which is subject to the GLA completing certain administrative procedures, however if this is not formally issued then this may impact the Group's ability to continue as a going concern.
rich1980p
31/1/2020
20:47
What date is that RNS as i can't see that under the going concern part of final results 27th Jan
furryguy
31/1/2020
20:07
Cor blimey guvnor no wonder peeps lose money on this stock that was a straight cut from RNS so let’s have another go at Reading this all together RNS Note 1 Going concern Paragraph 5 “Following an independent valuation, Nektan (Gibraltar) Limited has also disposed of its B2B business to Nektan Technology Limited, a fellow group company for £0.2m. Nektan Technology Limited has received from the Gibraltar Licensing Authority ("GLA") a provisional B2B license which is subject to the GLA completing certain administrative procedures, however if this is not formally issued then this may impact the Group's ability to continue as a going concern.“ Strate cut paste v simple para 4 refers to B2C biz this is separate and is v simple boys and girls
rich1980p
31/1/2020
19:57
No reference to B2B value at 200k only b2C "7 January 2020, and in one of the first acts following their appointment, the administrators completed the conditional sale of the UK B2C business for up to £0.2m. The Group secured an ongoing platform deal for a minimum 3-year period as part of this transaction." I think you have misread the RNS. If you can specifically refer to the date of the RNS in question and cut and paste where you think it refers to the B2b as 200k I'll take a look.
furryguy
31/1/2020
18:14
Eeerrrrmmm yup but they had the B2B business VALUED at £02.m above as they TRANSFERRD it btwn Nektan subsides read it is strate from announcement read it what idiot decided to put that info in rns idiot
rich1980p
31/1/2020
16:25
No the B2C unit was the one that was sold NOT B2b.
furryguy
30/1/2020
10:41
Eeeeerrrrrrmmm no let us all read this together so helpful of directors to tell us what B2B business is worth ... “Following an independent valuation, Nektan (Gibraltar) Limited has also disposed of its B2B business to Nektan Technology Limited, a fellow group company for £0.2m”
rich1980p
30/1/2020
08:58
Wasn't it the B2C biz that they valued and sold for approx 200k rich? Where have they stated the value of the B2B biz?
spreadwise
30/1/2020
02:04
Yup. It’s worth £200k. The directors told us. Market cap 6 million 10 million of payables business worth 200k according to directors next please.
rich1980p
29/1/2020
20:54
B2B business looks quite promising
spreadwise
29/1/2020
17:27
What's the current cash level estimate here guys? Was tempted to buy but the drop has put me off. What's going on here?
laptop15
29/1/2020
08:17
Whats your average price paid here then? How much have you lost?
shanew48
28/1/2020
20:25
I’m very familiar with it Shane you predicted 84.75 yet today’s close 5.45 your prediction was waaaaaayyyyyyy out silly boy. Whereas me I’ve been calling nektan down forever and will continue to do so due to Stacks of losses Directors saying biz is worth 200k 10 million of payables Poor management team Over priced equity Us business given away B2c business given away. So I’d suggest one of us has a good track record and one of us has a bad one and that’s even before your sick jibeS at mentally ill peoole Bosh
rich1980p
28/1/2020
20:16
Lots of more experienced investors than myself got conned by sirius management, investors believe that they effectively committed fraud, yet to be proven but if that sale goes through as proposed then there will likely be a class action so you are obviously not very familiar with the sirius situation.
shanew48
28/1/2020
19:49
Let’s all admire this fantastic prediction from shanew48 fir Sirius ” shanew48 - 06 Jan 2019 - 20:33:54 - 36105 of 46794 SIRIUS MINERALS PLC -(Moderated) Potash Powerhouse in the North Yorkshire Moors - SXX 11 %- I'll go for 84.75p close on 31/12/19 @ 12.30pm Please add my prediction to your list. Thank You.“ Share price today 5.45p u are a genius Shane total genius
rich1980p
28/1/2020
19:42
U said quite clearly “ This site seems to attract the mentally ill for some reason“ with a quite clear inference there are mentally ill people on here which is a v sick thing to say. U shud be disgusted with yourself. As for intellect i can work out that a biz that loses money has ten million quid of payables and that the directors say the biz is worth worth 250k then it is a screaming sell at a market cap of 7 million. You seem to want to persuade folks it’s a buy I’d suggest the intellectual issue lies somewhere else not me If u want to buy go ahead but I’d suggest anyone with common sense wud stay well clear.
rich1980p
28/1/2020
19:25
Richy,just because I used the words 'mentally ill' does not mean that I was being derogatory towards mentally ill people, you have made the mistake of conflating the subject of my words with the target of my words which as anyone with any sort of intelligence would be able to deciphe. Unfortunately you were not capable of that which is quite sad from an intellectual perspective. I feel for you. XX
shanew48
28/1/2020
10:23
V clear they have to pay HMRC to keep the licence. Management team is useless look at their track record all the fundraising’s all the debt every business they had they’ve given away and now they tell us in the rns they’ve had the business independently valued at 200k wot a load of idiots This biz needs shutting down as Nico says huge debts never to be repaid shareholders never seeing a cent of money
rich1980p
28/1/2020
08:24
I'm inclined to agree with RichThis has huge debts which imho will never be paid offWill need another huge fund raise at 1 or 2pWithout the Hmrc bill this is worth a punt With it ,stay away
nico115
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older
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