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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Netdimensions | NETD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 99.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 99.00 | 99.00 |
| Top Posts |
|---|
Posted at 27/2/2017 13:20 by brummy_git Usually if investors accept an initial offer, and later there is a higher competing bid before the deadline date - then I understand under Takeover Panel rules, the whole process would reset back to day 1 again. Thus allowing everyone to benefit regardless of whether they had voted in favour at the GM.That said in NetDimensions case, because it is a Caymans island business, it does not fall underneath these UK based rules. So here I guess, a NETD shareholder would have to physically withdraw their acceptance before the drop dead date in order to benefit from any greater rival offer? |
Posted at 10/2/2017 08:49 by brummy_git To me, the main reason LTG are buying stock in the market, is simply to deter others from bidding - which on the face of it appears to be a good sign for NETD shareholders, as it implies LTG believe there is a real chance of a competing offer been put on the table. Here's hoping they are right... |
Posted at 05/2/2017 20:14 by aishah See note 8 |
Posted at 05/2/2017 18:44 by aishah oops, I had an error in the EV calc. Edison have a revenue fcst of $31.5m for 2017. Shares in issue 51.2m, so based on that I make it 1.70. Bid of 120p takes us to just over 2x, 1.40p to 2.5x.Incidentally Techinvest have 50,000 in their Trader portfolio and probably a chunk in one of their quoted funds. They've been consistently saying NETD was very undervalued. So will be interesting to read their view next month. |
Posted at 28/12/2016 16:42 by brummy_git Who knows where this will end up - but from my calcs, NETD has an est Dec'16 net cash balance of $10.5m.Therefore using an average software sector multiple of say 3x sales (ie 3x $26m) - this would deliver an EV of $78m (or mrk cap of $88.5m) - equivalent to 172 cents/share, or 137p assuming a sharecount of 51.5m and a forex rate of £:$=1.25. IMO, 4x sales would drive the valuation to north of 175p. Either way though, it looks that there might still be plenty of upside from here, in the event of an agreed bid from a trade buyer. |
Posted at 23/12/2016 07:20 by aishah Trading Update for the 12 months to 31 December 2016NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge and learning management systems, is pleased to provide a trading update for the 12 months to 31 December 2016 (the "period"). Sales revenue for the period is expected to be above US$26M. In addition the Company is anticipating that adjusted EBITDA will be approximately US$2.0M. On 5 October 2016, the Board of Directors of NetDimensions ("the Board") also announced that it had received an approach which may or may not lead to an offer being made for the entire issued share capital of the Company. The Board is in advanced discussions with interested parties and further announcements will be made in due course. Jay Shaw, Chief Executive Officer of NetDimensions, said: "In 2013 we stated that we would invest heavily to grow revenues whilst operating at a loss in order to build up a substantially larger business capable of generating a sustainable profit. It is therefore pleasing to have nearly doubled revenues since 2012 and to be able to report a substantial adjusted EBITDA profit in 2016." |
Posted at 11/11/2016 11:16 by aishah As Edison says in their note today NETD has 16.5p in cash, attractive growth profile, a cash generative business model and FY17e EV/sales rating of only 0.9x. I'd be happy to let go around 2.5-3x current value. Worth adding on any dips imo. dyor |
Posted at 05/10/2016 12:32 by aishah Techinvest have consistently said that NETD are considerably undervalued compared to US peers. I'm thinking of adding here. |
Posted at 28/7/2016 19:47 by dice1950 !YOUTUBEVIDEO:TqnGTnGray Fowler , Senior VP, Strategy and Design NetDimensions Interactive 28th July 2016 NetDimensions (NETD) Valuation: High-growth sector with punchy valuations 27th July 2016 NetDimensions warns sales slump could continue into second half Proactive Investors UK-25 Jul 2016 NetDimensions provides integrated Enterprise talent management software platform (Talent Management System and Learning Management System) |
Posted at 07/4/2016 11:02 by thomasthetank1 Read Panmure’s note on NetDimensions (NETD), out this morning, by visiting www.research-tree.co“NetDimensions already announced (12 January) that it ended FY/2015E in line and beat our LBITDA forecasts. Very few companies regularly competitively beat global software companies like CornerstoneOnDemand, Saba and SAP/Successfactors at the customer pitch – NetDimensions does. We believe that the rush of positive news from NetDimensions over the past two years is likely due to its laser focus on high-consequence target customers, its strong product, engineering culture and an increasingly favourable adoption backdrop for SaaS-based HCM and Talent Management solutions. There is a huge valuation gap with nearest valuation peer, CornerstoneOnDemand, on its 1.0x EV/Sales. Investor interest on results day (18 April) is likely to concentrate on the current market (moving along fine, we think) and following the November placing progress with the use of funds. We retain our...” |
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