Netcall Share Discussion Threads

[poacher45] 06/7/2015 09:52

As a long time shareholder in Eckoh I think you are missing out. Eckoh are gradually growing the business by expansion. The share options were given for the takeover of another company. They have started up in America and in just a year they have been successful. They are now trying to get their systems into a fortune 100 company. What chance have they got. Well at a recent exhibition in America their system was voted the best system for card holder not present. They had a 100% renewal rate from their customers last year. In my opinion we were getting a bad deal not netcall shareholders and I think this mornings share prices agree with me. When you are rapidly expanding the figures don't look so good as when you are stagnating like netcall.

[mammyoko] 03/7/2015 13:43

Re Eckoh results to 31/3/15 PBT enhanced by non-recurring £1,518k re a reduction in the contingent consideration provided for the former owners of Veritape Limited. Without this PBT was a meagre £587k or 3.4%. They appear to have spent £2,186k on share options in the last two years. A whiff of lifestyle business to me.

Receivables up YOY £3,457k, cash down £2,922k. ST loans up £636k, LT loans up £2,105k YOY.

Nothing says to me that they can afford Netcall or should be allowed to buy a company with £12m in cash using ramped paper. No wonder Livingbridge told them to take a hike.

[reallyrich] 03/7/2015 13:13

mammyoko what are you talking about results not spectacular and balance sheets shaky.

[1356] 03/7/2015 12:56

Purely digging around doing my own research, but wonder if this chap had something to do with it: hxxp://www.livingbridge.com/our-people/ken-wotton/

Either way, would be nice of NET released an RNS with a bit more explanation. Not overly concerned actually as I was a happy long-term NET shareholder who just thought the share price had run ahead of itself slightly with a 3-5 year view. Would have rather it remained independent. But would like clarity because "both companies are disappointed" vs a major shareholder disagreeing seem at odds to me...

[clocktower] 03/7/2015 12:17

In view that the board are disappointed, I cannot see how it can this can be in the interest of the majority of shareholders" How will they react now? Will they just start to feather their own nests at the expense of most stakeholders?

"This decision follows consultation with Netcall's shareholders and the reluctance of a major shareholder in Netcall to support the Acquisition. The Boards of both companies are disappointed with the outcome."

[spaceparallax] 03/7/2015 11:31

Pleased to hear that NET will continue to work independently.

[mammyoko] 03/7/2015 09:05

livingbridge told them to come back with a sensible offer north of 70p They haven't got the cash and can't raise it. Wouldn't want them to run this company anyway. Their balance sheet is shaky and their recent results were hardly spectacular

[lbo] 03/7/2015 08:53

If they come back with more cash it could happen

[nashwan123] 03/7/2015 08:06

spacep'
the takeover has been blocked. If this is in the interest of the majority of shareholders only time will tell.

[lbo] 03/7/2015 08:05

Deal was not good enough! Too little cash

[spaceparallax] 26/6/2015 10:27

I'm confused - what's happening?

[hybrasil] 26/6/2015 09:42

It has been a possibility for a very long time . Indeed I am surprised it has taken so long!. Its a good match

[lbo] 25/6/2015 16:14

My posts 563 and 565 did say this was a possibility! Need to look closely at the deal and it could well be a good one for all.

[mammyoko] 25/6/2015 15:04

What a lousy offer for shareholders announced today. A case of a sprat trying to swallow a minnow. If I wanted shares in a company where 70% of its bottom line came from 'Financial Income' (whatever that is), I would buy it directly rather than be tied to its recently-inflated share price indirectly. Whatever has got into the Board of Netcall that they're prepared to flog themselves at such a low price to such a financially unstable suitor? Are they tired of running a company or what? Makes a mockery of their big expansion talk. Surely they can do a netter deal than this?

[farmsted] 25/6/2015 14:33

What next, sit and wait ???

[tsmith2] 03/6/2015 16:48

Support at 40p until then ennui?

[lbo] 03/6/2015 15:50

Investec now at 8.63% and an increase on their last holding notification on 4th November 2014. Seems a few have added during the pullback.

[lbo] 23/3/2015 17:44

Yes but it's cash generation and cash growth is still good. Cash generated from operations was GBP2.07m (H1 FY14: GBP1.30m) Cash increased to GBP13.0m at 31 December 2014 (30 June 2014: GBP11.4m) and forecast over £5m EBITDA going forward. More top line growth will come as it has in the past from acquisitions with the cash or it will be taken over itself and its own costs stripped out by an acquirer.

[wjccghcc] 23/3/2015 16:26

I think it's more because it's expensive for a zero growth company. Even if you strip out the cash, it's on a PE of 16.

[lbo] 23/3/2015 16:13

Is some sort of corporate activity on the cards here?

[lbo] 27/2/2015 15:12

Fundamentals are still sound with no debt and a very healthy cash balance for bolt on acquisitions which could further boost growth rates. The rising trend channel still remains intact and the mms have done this plenty of times in the past with Netcall and yet it always recovers and makes new highs as its supported by its strong fundamentals and good cash generation.

[bugs22] 27/2/2015 14:35

Be interesting to see if he subsequently recommends buying back in at the current level

[spaceparallax] 27/2/2015 08:30

No doubt that's contributed.