Share Name Share Symbol Market Type Share ISIN Share Description
Nektan LSE:NKTN London Ordinary Share GI000A12CYF8 ORD 1P (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 21.50p 346 14:00:21
Bid Price Offer Price High Price Low Price Open Price
18.00p 25.00p 23.50p 21.50p 21.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 13.3 -6.2 -21.8 - 10.19

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Date Time Title Posts
13/3/201809:06Nektan PLC (LSE:NKTN)309

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Nektan Daily Update: Nektan is listed in the Mobile Telecommunications sector of the London Stock Exchange with ticker NKTN. The last closing price for Nektan was 21.50p.
Nektan has a 4 week average price of 20p and a 12 week average price of 20p.
The 1 year high share price is 61.50p while the 1 year low share price is currently 16.25p.
There are currently 47,412,602 shares in issue and the average daily traded volume is 85,616 shares. The market capitalisation of Nektan is £10,193,709.43.
rich1980p: Yes agreed the lack of forecast profit numbers in the market is frustrating without it having a view as to what share price should be is uneducated guesswork company needs to get its act in shape
rich1980p: ok yes you are right 7.6m across employees chrystal and DTL you are right but even if we ignore these there is 59m shares for the loan notes{resolution 6c} 4.5m for def interest {resolution 6d} and 13.4m for debt warrants {6e} and thats ignoring the antidilution warrants so assume no more fundraise that is a total of 77m shares all with exercise price of less than 30p so at any share price over 30p need to think that there are over 120m shares in issue not 44m which is still massive dilution for ords
errollc: rich, none of this is new. Except the point that the Chrystal Capital/DTL options are struck at 236p not the current share price.
rich1980p: that seems a very fair assessment from what I can tell the business has been let down by incompetent ceos (nissim and gosen) who have failed to deliver profitability but at last maybe Gary Shaw can. the us business could be very valuable but im guessing needs further funding level of share price performance will be held back by dilution and overhang and it needs a proper broker to get some profit estimates out there once they are out and the business delivers against them that is when share price stands a chance of progressing there is always the risk that biz needs further funding but seems to have been successful at raising this in the past.
rich1980p: Completely agree yet Nissim still took out £300k for ten months work ten months it seems he spent trying to find another job and presiding over a collapsing share price how does this happen and why was he taking bonuses when he failed?
rich1980p: Have just got annual report look at all the money Nissim bled out of the company while presiding over a collapsing share price Shaw gets paid a pittance and puts his own cash on so credit there. Good luck to anyone who employs Nissim after this.
biggest bill: The behaviour of the share price is very strange. Presumably there are things going on in the background. Why is the private investor always the last to know?
18bt: Edison note summary: Nektan’s Q3 trading update shows revenues increasing rapidly, albeit from a much lower base than we hoped last year. We are reintroducing FY16 forecasts (EBITDA loss of £5.6m versus our October 2015 target of £0.2m profit) and will add FY17 in July. With Q316 revenue 115% higher than Q216 and following a cost efficiency programme, we believe that a positive EBITDA run rate is within sight. Nektan’s unconsolidated US JV Respin is also picking up steam and now has 54 signed contracts with casino operators. Nektan successfully completed a £2.93m fund-raising at the end of March to support its continuing growth. Resetting our expected growth trajectory Nektan reported interim revenues of £1.6m on 31 March, up from £0.5m for the whole of FY15, illustrating that its B2B partnerships and house brands are starting to bear fruit. However, the ramp-up in sales was slower than we expected, largely due to slow progress from a significant media partner (£6.7m shortfall), and we have cut our forecasts: we now expect FY16 revenues of £6.2m and an EBITDA loss of £5.6m, down from £15.0m and £0.2m profit respectively. However, the Q316 trading update (18 April) shows the group now moving in very much the right direction, with Q316 net gaming revenue (NGR) of £2.30m, up from £1.07m in Q216 and £0.56m in Q116, and 11 new partners added in the period. Moving towards an EBITDA positive run rate Following an extensive review, Nektan has adopted a leaner cost structure consistent with its early stage of development and management has cut the fixed cost base from £0.5m to £0.3m a month. Developer and marketing costs have been largely protected to ensure that the company’s growth potential is not inhibited. We expect Nektan to achieve an EBITDA-positive run rate in this financial year and will reintroduce FY17 estimates in July with the full-year trading update. The recent £2.93m fund-raise (convertible loan notes and equity) has put in place additional working capital and the directors continue to assess the group’s financing options. Valuation: Greater clarity after July update Nektan’s recent share price fall is a reflection of its slower than anticipated revenue progression but we believe the growing momentum in its European business, together with the progress of its US JV Respin, point to a business with enduring potential, albeit in a competitive vertical. The next trading update should be a positive catalyst if it confirms progress towards an EBITDA-positive position and, with the reintroduction of FY17 estimates, provides greater clarity on valuation.
biggest bill: I don't like the way the company is burning cash. It looks as if they will be out of money very soon; the fund raising might have to be done at a significant discount to the current share price.
biggest bill: Going by the way the share price is behaving, I suspect the interim results will not make pleasant reading. The departure of directors is not usually a good sign.
Nektan share price data is direct from the London Stock Exchange
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