Nektan Share Discussion Threads

[errollc] 24/7/2017 15:44

I agree with my last post.
This will wake up in next month or so.
I should stop talking to myself!!

[errollc] 18/7/2017 08:41

This will wake up soon.
When it does, there's very little stock around and it will rise very quickly.
It has the support of Wealthy Directors (who have made sure it doesn't go bust) and will start to demonstrate its abilities.
Tuck some away.

[richard4796] 17/7/2017 16:21

Daily mail "Mobile phone gambling game developer Nektan shot up after taking on £2.5m worth of debt to help to bring it into profit."

I'm really interested in this company but I'm very new to stocks and shares. Looking at the charts it seems like a gradual decline, but reading the reports and the potential it seems like it's worth a punt. What are the things worrying those of you who have / or are thinking of investing in this company?

Why has it dropped so substantially over the last year? It has had good revenue etc and interest is climbing. I'm expecting shares to rise but with being so new maybe I'm missing something here? It must have dropped for a reason? (I have the reads the whole thread on here and looked at reports etc)

[letmepass] 11/7/2017 08:41

Nice buys at the moment 100p coming

[zico01] 06/7/2017 08:32

Nice write up in Daily Mail :


Mobile phone gambling game developer Nektan shot up after taking on £2.5m worth of debt to help to bring it into profit.

Due to continued heavy investments in its UK and US businesses the firm said it needs further long-term funding to keep cash on its book.

Nektan will also buy out its marketing department from a joint venture partner for £500,000.

It believes this will give it greater control over its players and marketing. In an update for the fourth quarter, the company has also revealed that its gaming revenues had risen 110 per cent year-on-year – to £4.2m from £2m.

Performance was driven by an extension of Nektan’s gaming licence across Europe and new casino clients in the US. Shares rose 17.1 per cent, or 3p, to 20.5p.

[rich1980p] 05/7/2017 10:08

There are positives, NMS sorted (expensive), Nissim gone and trading strong we should be able to recover the NMS cost from Nissims guaranteed bonus.
But its much more dilutive than a rights issue, 5.36 debt warrants effectively means directors have got options at 18.7p so it has the effect of 2.5m raise at 18.7p carrying 10% interest too. But guess it was that or the business is bust. Don't understand the anti dilution warrants

[trentendboy] 05/7/2017 10:04

10% interest rates and warrants out of their ears.

The small print suggests this is a pretty desperate move but one that might, just might come off

[errollc] 05/7/2017 09:16

Goods show of support from directors and I'm pleased they didn't dilute us all with a rights issue.
Business seems to be doing very well indeed.
One day this will come good....it's on the right path.

[letmepass] 05/7/2017 08:37

Directors loaning that much gives confidence..

[daicaprice] 05/7/2017 07:59

Great figures though surely, hadn't looked in for ages so hadn't seen the big drop.

DC

[trentendboy] 05/7/2017 07:56

At least they have the needed new money

[daicaprice] 05/7/2017 07:17

Is that the boost this needs?

DC

[rich1980p] 09/6/2017 20:10

I was reading the annual report to try and estimate how much cash they need and I found directors remuneration on page 14 Nissim is on a guaranteed bonus irrespective of performance how does this happen? Shareholder value in this cash strapped business has been destroyed yet he takes it out in cash in unconditional bonus nice work if you can get it

[errollc] 09/6/2017 05:43

I hear he's gone to a major US business...maybe they should buy Nektan.???

[rich1980p] 08/6/2017 12:22

Yes I still think the funding terms will be onerous.

[trentendboy] 08/6/2017 10:06

But at what discount rate - I fear for a real dilution here.

[rich1980p] 08/6/2017 08:12

I would say this is good news have heard he is v unpopular in the business and in the industry and a lot of good people have left. looks like funding getting closer.

[errollc] 08/6/2017 07:29

Nissim has left the business. The shares have fallen significantly since his arrival, so probably not the end of the world!

[errollc] 30/5/2017 08:19

Rich, they do indeed need cash....small companies often trade close to the wire. But it's being sorted (I suspect). I guess the best time to buy is once the cash position is resolved...then investors will have comfort and the shares will take off. So, wait and see if nervous and buy if optimistic.

[luckymouse] 28/5/2017 18:03

TrentEndBoy - do you have hard evidence of that?
Cheers LM

[trentendboy] 28/5/2017 13:35

Interesting rich.They need cash soon to pay suppliers or it will soon be over

[rich1980p] 26/5/2017 17:20

How do you know and how are you so sure have they underwritten it or promised it ? Downside is everything until they commit to putting money in or it could be out of business any day. V excited about US but everyone on GIb talk about how business has no money and owes suppliers lots of cash and regulator all over it GIb is small place and everyone talks.

[errollc] 26/5/2017 16:29

Rich...any money needed is going to be covered by current shareholders/management...this isn't going bust! Upside is huge, downside limited.

[rich1980p] 16/5/2017 12:53

Maybe they are waiting until funding sorted no point in investing until that is done as could go out of business any day

[errollc] 16/5/2017 07:39

Not many people follow this one...the broker needs to do a better job...and the PR company too. Shame.