Share Name Share Symbol Market Type Share ISIN Share Description
Netb2b2 Plc LSE:NEB London Ordinary Share GB00B064S128 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3.375p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services - - - - 0.20

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Date Time Title Posts
01/9/200915:59Neb will it ever deliver.163
05/8/200909:44NEB Discussion Forum4,735
01/8/200622:03ten reasons to buy neb in 2005..........9

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25wbh: Maybe they will buy all the shares at the nominal share price of 10p ,some of which i paid over 70p for
malkie: who said you were wbh? arnie is just giving it the usual b*sht from someone who wants to screw a few pennies off of his entry price. normally worth a shot, but with this stock, there simply isnt the volume around to make any odds. just sit back, relax and pick your moment. Max - using your logic, I cant see them trying to drive the share price higher with news at this point. It would make them a hostage to fortune and they are walking a fine line since KY's 10p placement. Any turn-around cannot be seen to be too happening too fast. So we are likely to have a pre-close trading statement by the end of the month which will contain all the market communications they need to provide for now.
albycat2: I think £15m is a bit optomistic for the RAD contract, probably closer to £1m is more realistic, spread over a couple of years, however when a company wins a contract with such a significant customer it certainly pulls in further contracts with similar such users and is therefore significant for bluesky and NEB.It augers well for the whole company as all divisions now appear to be doing very well with the non performing parts now closed down and no longer draining cash to no avail. I believe that the £500k injection will prove to be a pretty shrewd investment that will return to both KY and investors a significant return and the next trading statement will accompany a share price that represents what is now a different company alltogether. It has been a long wait but the recent activity and the obvious shortage of stock tells its own story,the "Market Knows" whats in the future and others are starting to notice that as well.As the saying goes "there is no smoke without fire !". It is also interesting to note that the RAD contract was not mentioned in the interim statement, so was probably finalised in the current period.
mercier et camier: No matter what angle you approach it from it is always a good sign when a director or directors take significant stakes in the company they run. As a private shareholder you hang onto the shirt tails of the management. That's how you make your money. malkie - 7 Mar'08 - 11:05 - 78 of 80 "In simple terms it means that now he doesnt have to care about the share price at all." How silly a statement is that. His personal wealth is directly linked to the strength of the shareprice. A company can borrow money on the strength of its shareprice. Tracker funds will invest in your company on the strength of the shareprice. Profitable options are exercised on the strength of the shareprice. Companies may or may not decide to do business with you on the strength of the shareprice. There is absolutely nothing for KY to gain and everything to lose on a weakened shareprice. The company is capitalised at only £500K. The shares are tighly held and even more tightly held now. The stock is illiquid the slightest buy or sell sends it up or down. What all shareholders are awaiting for is company transforming news. With KY now in full control of the company they may decide they can be a bit more forthcoming with positive news without fear of hedgefunds, rivals or plain speculators acquiring control or significant stakes in the company. WAIT.
malkie: Cotton - you seem to think that managements interests are directly alligned with shareholders. ergo - if they do well, the price will go up? The share price will only go up if more people buy than sell. You are assuming that if they do well people will start to buy. That is a big assumption to make. Perhaps you dont see the significance of KY owning such a high percentage of the company without any independent directors. In simple terms it means that now he doesnt have to care about the share price at all. He can get his money in other ways and doesnt have to pay a divi. Why dont staff own any significant amount of shares??? What benefit is a high share price to KY unless he wants to sell the Company??? You are pointing out the evidence (no interest in updating web site) but dont put 2 & 2 together. This is a private company in all but name. If you are looking for a return you will have an eternally long wait. all IMO
malkie: Cotton - AG spun me a similar line 3 years ago when the share price was 50p. Loads in the pipeline whilst Directors are all part timers running up £500k a year in central office expenses. Without such overheads they would never had got into the mess that has decimated shareholder value. Keith Young got control on the cheap and that will maximise his return and not yours. He didn't even show up for the EGM, which shows how much he is taking the p*ss out of you and I. What else could it be but either total incompetence or a deliberate fraud. M& C doesn't mention that does he? M&C has been spinning the same macro-line for years, and does not want to discuss anything. You simply cannot trust management or those who would advocate the company's prospects when they gloss over its dire performance to date. IMHO He is either a fraud or a fool who just likes to spin a good story on a bulletin board now and then. Talk is also cheap and the share price says it all. I am a very civil person normally, but not when it comes to dealing with liars and frauds. I have written off this company and my investment in it. The fact that the share price remains 25% below the placement price shows what confidence the market has in this Company's prospects.
maxbubble: Feature: Netb2b2 shows its hand Netb2b2 shows its hand Date: 1 August 2000 After much speculation about its next move, Netb2b2, the AIM-listed cash shell created by Keith Young, founder of NetBenefit, has made its first acquisitions. It has acquired cScape, an internet services company, which will be the cornerstone of its strategy to create a portfolio of business to business enterprises, in what amounts to a reverse take-over of Netb2b2 under LSE rules. It has also purchased Football Pages, a sports database. cScape has been paid for through the issue of 25m new Netb2b shares, valuing it at around £8,500,000. Football Pages is to be acquired for £250,000 through the issue of 757,576 new netb2b2 shares. cScape turned over £1.16m in the year ended 31 December 1999, chalking a profit of £77,000. Net assets amounted to £182,000. Football Pages made a profit of £8,000 in the year ended October 1999, from a turnover of £185,000, and carried net liabilities of £17,000. Football Pages is already a client of cScape, and has been working to leverage the assets it has in the form of a sales lead database and a distribution database. Its only product thus far has been a Yellow Pages directory for the football industry, with a circulation of 32,000. Founded by Keith Young through the restructuring of Parallel Pictures, a film distribution and production house, in April, Netb2b2 has raised £3m through a public placing. It has also received £750,000 private investment from Young for a 23.1% stake and £100,000 from Clifford Perkins, former treasury director of the Rank Group, and COO of Netb2b2. Shore Capital, the investment banking group in the process of taking over JellyWorks, also has a 9.9% holding in Netb2b2. Parallel Pictures is continuing its operations, but is not central to Netb2b2 going forward. "We will be making acquisitions with shares," said Perkins. "We will not be buying start-ups. We are looking for companies with an established customer base and strong management." "Our perfect investment would be a widget factory whose business could be enhanced or taken in a new direction through the application of internet technologies," he said. "People like those at cScape can help us do that." cScape will continue to run as an independent concern, as well as contributing to the future of Netb2b2. As well as its professional services business, cScape has incubated a number a young companies and co-founded Allcures, the UK's first online chemist to dispense prescriptions. Rob Killick, CEO cScape said: "'This is the way forward, combining our strengths in industry knowledge and technology to define the shape of internet companies for the future. Working closely together we can build the one of the largest and most comprehensive networks of internet businesses in the UK." Like other investment-led incubators, Netb2b2's success is dependent on a high share price with which to fund acquisitions. Early share price will depend on confidence in the management. Keith Young's record is an enviable one, having co-founded NetBenefit, the successful hosting and internet services company, EasyNet, the ISP and NetInvestor, the technology investment company. Perkins has held senior management positions in companies including The Rank Group, Marks and Spencer and J.P. Morgan. Tim Childs, heading up Netb2b2's investments is also chairman of NetInvestor. Prior to this announcement Netb2b2 was today valued at £60m. Netb2b2 has kept investors guessing for three months now, prompting speculation that a bid for NetBenefit was in its sites, and a French acquisition was on the cards. "We have waited to see the lay of the land after the recent shake-out," said Perkins. "There are some very appealing deals out there now." cScape was founded by Keith Teare, the entrepreneur behind EasyNet, which he co-founded with Young, and most recently Realnames, based in California. Teare will take a seat on the board of Netb2b2. Netb2b2 simultaneously published its results for the year ended 31 March 2000, relating mainly to the activities of Parallel Pictures. It lost £611,000 on a turnover of £82,375, amounting to a loss per share of 3.8p.
tx3: NetB2B2 General Meetings Report On the 21st December I attended a General Meeting of NetB2B2 Plc which was called to consider the issue of new shares to the current Chairman in two tranches. After the second tranche has been issued, he will own 57% of the company and hence effectively control it. This action required a waiver by the Takeover Panel which has been granted. Following that meeting there was an Annual General Meeting of the company to approve the June 2006 year end accounts and other matters, including the re-election of three of the directors. A press release giving more background information on this situation was issued by UKSA prior to these meetings which can be seen at: . Excluding the directors, only 5 shareholders attended the meetings – including myself and I had only a nominal number of shares, purchased to enable me to attend. A very disappointing number of shareholders when such important matters were being decided which were clearly going to be strongly contested. Even more disappointing was the failure to attend of Keith Young, the Chairman. He sent his apologies according to finance director Geoffrey Griggs, who chaired the meetings, but no specific excuse was given other than that he was abroad. It seemed a gross discourtesy to shareholders not to attend the meeting and answer shareholders questions about his future intentions. Additionally two of the non-executive directors were not in attendance, including Tim Childs who was also up for re-election in the AGM.. Matthew Scherba, a shareholder who has campaigned against the proposals (his contact details are at the end of this note) was present and asked a number of questions. He asked: 1. Why the directors had not considered other alternatives, particularly bearing in mind that he had put in writing an offer to provide finance in July 2007? The answer from Mr Griggs was that they chose to take the funding from Mr Young because they considered it more certain. 2. When were the 2007 accounts to be published? The answer was imminently (which would avoid suspension of the shares which would otherwise take place in January on the basis that the accounts were overdue for publication). 3. He also questioned whether PAYE had been allowed to fall behind in payment terms and Mr Griggs confirmed that there had been overdue PAYE obligations in the past year, and that there currently was an overdue PAYE consideration. However when questioned, he would not reveal the amount of this overdue consideration. 4. He stated that the communication of information to the shareholders in the EGM circular was not sufficient to determine how to vote for the proposals. He also asked if the EGM proposals were not approved, would the shares be suspended from AIM. Geoffrey Griggs replied that he did not believe the shares would be suspended from AIM, if the proposals were not passed. 5. When was the submission made to the Takeover panel made to determine the rule 9 waiver? Mr. Griggs would not reveal a date, and suggested that it was before the issue of the EGM circular. I pointed out that Mr Young would now be able to fire and hire directors at his whim, and also pay himself whatever he wanted. I questioned whether it was reasonable for the other directors to consider that to be in the interests of shareholders. I also pointed out that it was clear from the 2006 accounts that the company had been short of working capital for a long time, and what else had the directors done to find alternative funding? Additionally, had asset sales, a disposal of the company or a rights issue been considered? The answers received were not totally clear although a rights issue was considered costly and the Mr Griggs said they had looked at other options but considered Mr Young's proposal to be best for the company and the shareholders. At the start of the AGM, I also pointed out that Mr Young would be able to de-list the company, although Mr Griggs said that he and the board were unaware of any intentions of Mr Young to delist or take any of the subsidiaries private under his control. The vote on the first resolution to approve the Rule 9 Waiver and the issue of shares to Mr Young was approved by 576,398 votes to 395,270 (on a poll). Votes on the second resolution were similar. Mr Young was unable to vote of course, but as there are 6 million shares in issue for this company it seems that only a small minority actually voted. This is undoubtedly associated with the problem of nominee accounts, and the large number of small shareholders in these former "" companies. Comments: Since the announcement of the issue of shares to Mr Young at 10p on the 4th December, the share price has fallen to 7.75p. Who will want to acquire shares in the company where the Executive Chairman controls 57% of the shares? Even though the fund raising may strengthen the balance sheet, which would certainly have put off investors who looked at it previously, it is not clear that it will enable the company to achieve profitability in the future. Also it appears from the accounts that the cost of the board consumes a large proportion of what profits are generated, even though their contracts are on a part-time basis. When corporate governance is already questionable, how will the new situation help to restrain the board, and ensure that the profits of the company accrue to all shareholders and not just to insiders? Surely this is yet another example of poor corporate governance on AIM, with the non-executive directors apparently failing to protect the interests of minority shareholders, and the company's Nomad (Smith & Williamson in this case) seemingly failing to do likewise. The Takeover Panel has also shown their willingness to waive its rules when presented with a problem that the directors could surely have avoided if they had acted more urgently some months ago. It also shows how shareholder democracy simply does not exist in many small AIM companies, with the vote being decided by a small minority of shareholders, many of whom are insiders. Contacts: Roger Lawson, UKSA, Tel: 020-8467-2686, Email: Matthew Scherba, Tel: 07517-436-628, Email:
malkie: 25wbh - Most staff think in terms of salary, security and bonuses – in that order. They don't think about making a quick buck from the bombed out shares of the Company employing them. Your expectations for an improvement in the share price are based on your own expectations and assumptions, which probably bare little relation to the expectations of staff. I would go so far as to say that most staff would probably have no idea about how to go about buying shares, let alone risk their hard earned cash on an investment (and I use the term loosely!) they don't really understand. If they have any knowledge of such things it would tainted by memories of the tech boom and bust where most industry veterans made and lost small (and large) fortunes. If you worked for the company you may well have one eye constantly fixed on the share price (and the share price of your competitors and other industry players no doubt), but you are a gambler and have a gamblers mentality. If rank and file employees of this company had your mentality, I would fear for any hope they had of turning things round. Better for everyone that they keep their nose to the grindstone and pick up their salary cheques at the end of the month. If the Company wants to reward them with bonuses and share options, then so be it. But given the Company's previous performance record I cant see staff being that impressed with options. Show me the money any day!
25wbh: what sort of acquisition would you think Max you would not need a lot to buy a shell co such as CMS NEB is valued at less than 700k so to raise funds without diluting the equity too much they need to raise NEB share price quite signifcantly Floating cScape into CMS is looking increasingly likely in my view,only a quess but i am sure it must have gone though Kieths mind,a way to recover some of his money both in neb & cms
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