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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 Shares Traded Last Trade
  0.00 0.0% 0.85 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 22.58 -6.41 -15.90 2
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.85 GBX

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14/4/202007:09Nektan PLC (LSE:NKTN)782

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Posted at 29/1/2023 08:20 by Nektan Daily Update
Nektan Plc is listed in the Mobile Telecommunications sector of the London Stock Exchange with ticker NKTN. The last closing price for Nektan was 0.85p.
Nektan Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 241,825,665 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Nektan Plc is £2,055,518.15.
Posted at 31/1/2020 21:04 by rich1980p
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.

Posted at 29/1/2020 08:17 by shanew48
Whats your average price paid here then? How much have you lost?
Posted at 28/1/2020 19:49 by rich1980p
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

Posted at 24/12/2019 09:06 by trentendboy
So no longer suspended? Confusing.There might be an entry price but the tax bill issue is a concernStinks of very bad management
Posted at 24/12/2019 08:41 by rich1980p
Buy away Nico will be scrutinising all those trades today to see how much you buy and at wot price and u can tell us how much u have bought tip answer will be NONE
Posted at 10/12/2019 08:08 by nico115
"Cud quite easily bounce to 10-15p holders taken big pain with this fin restructuring esp Shaw poor him prospects better now debt dealt with"Month ago you wrote thatThat's bullish !!You change your mind with any movement in share price !
Posted at 09/12/2019 16:07 by nico115
But you said strong buy very recently !!And why would Gary put in millions recently if about to go bust As Hmrc get nothing unless that allow nktn a payment plan ?
Posted at 18/11/2019 13:14 by rich1980p
V good news 4 biz debt 4 equity gone through debt much reduced and rescheduled so hopefully biz can make progress. Buuuuuttttttt look at announcement and dir shareholding’s Shaw gets big dilution but look at other Director massively benefiting!!! Outrageous..... was clear that bond holders were wanting lower price but one of those was a director!!!!!! Question last time shudt have been shaw converting and investing but why wasn’t the other. Naughty naughty
Posted at 25/10/2019 20:47 by nico115
240 million shares at 10p is 24m pounds I think that's a fair mkt cap until Gary can price this can make decent profits 10p target How much debt now Rich?
Posted at 18/9/2019 14:12 by rich1980p
Suspect this has happened now as biz can’t pay month end payroll hence advance on share subscriptions in Feb they told us they owed hmrc 2.9m now 4.4 biz just doesn’t have money to pay bills overdue creditors and mountains of debt obvious for long time no idea why share price is 7p current equity is dead
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