Netstore Share Discussion Threads

[widemouthfrog] 10/9/2003 00:15

hello pacman! wondering if you have any interest in knocking up a new and up to date nes thread with an eyecatching title, charts, news and a link to this thread, for reference? no complaints about the content of this one, but the term "broker recommendation" is a generally considered suspect, and we could do with a wider audience. just a thought. every little!

[deeldee] 09/9/2003 18:51

What exactly does the RNS announcement mean. Have these shares been recently bought? Or have they been accumulating shares and have just gone over a certain % holding that they must report? Or something else?

[widemouthfrog] 09/9/2003 10:33

RNS Number:5425P
NetStore PLC
09 September 2003

The Company was informed on 8 September 2003 by M&G Investment Management
Limited, on behalf of Prudential plc and certain of its subsidiary companies,
that it has a notifiable interest in 9,500,000 ordinary shares... representing approximately 10.01% of the Company's issued ordinary share capital... registered in the following names:

Clydesdale BK Noms LTD MGG 8,600,000
PRUCLT HSBC GIS Nom (UK) PPL AC 900,000

[widemouthfrog] 09/9/2003 00:08

er, perhaps i should have been more specific!

[widemouthfrog] 09/9/2003 00:05

now that's been disclosed it's time for some movement

[widemouthfrog] 09/9/2003 00:04

directors sell on 3 september:

Neil Lloyd 350,000 remaining interest 0.05%
David Blundell 300,000 remaining interest 0.11%
Jeff Maynard 500,000 remaining interest 8.07%

[pacman88] 08/9/2003 17:25

Think there is plenty of support for this share and the 1.15M sale announced today is consistent with the sales in Apr and Jun, and both times the share price weakened a little and then continued march up. Support at 32p which this time is also underpinned by the 50day EMA. Historically, it has been a good time to add.

[pacman88] 08/9/2003 16:10

Not that concerned. Maynard has been selling down over last 6 months and still owns over 7M.

4 Apr sold 1.5M @18.5p
18 June sold 1M @ 28p
3 Sep 0.5M @ 36p

[widemouthfrog] 08/9/2003 14:26

some have. blindly. but i'm guessing director sales were indulgent profit taking. good results were only last week!

[sandbank] 08/9/2003 14:10

Hmm Guys - Any good reasons why we shouldn't follow the lead of the directors?
SB

[widemouthfrog] 08/9/2003 14:03

comdirect
BUY Bid n/a Offer 33.97 Max 50,000
SELL Bid 33.18 Offer 34.13 Max 1,000

[widemouthfrog] 05/9/2003 00:55

what do you want, nes, blood? move it!

[simeon7] 04/9/2003 16:29

Well the price is definately holding. So I suspect we have someone dumping, but also someone willing to mop them up at this price. I really can't see it hanging around this price for too long.

[widemouthfrog] 04/9/2003 16:19

hello tpps7. this is doing my head in. what about those late trades yesterday?

36.0 1368700 O 36.0 37.0 16:50:00 1,368,700
36.0 375000 O 36.0 37.0 16:50:00 375,000
36.0 1921000 O 36.0 37.0 16:49:00 1,921,000

got a theory?

[widemouthfrog] 04/9/2003 11:36

10:04:01 36.75p 50,000 £18,375 DLY O

[pacman88] 04/9/2003 00:02

widemouthfrog - like what I see. lets see what analysts say the next few weeks. not many covers this stock. I think Techinvest will prob cover this in next issue which is 4 weeks away. Also prob citywire when they cover small cap fund managers as this has been one of their favourites in recent months.

[jmillskeel] 03/9/2003 17:59

I buy in and everybody sells 2x 1mill sells oh well..

[pacman88] 03/9/2003 14:15

MARKET INSIDER
Netstore has record quarter

Wed 3 Sep 2003(4873)

LONDON (ShareCast) - A record fourth quarter helped internet services group Netstore cut its operating loss from £7.5m to £3m last year and forecast a move into profit soon.NES - Netstore

Latest Prices
Name Price Chg % Buy/Sell
Netstore 37 0 0

Chairman Paul Barry-Walsh commented, "The improvement in Netstore continues for a second consecutive year and we have good reason to look forward to the business turning profitable in the near future."

Pre-tax losses to June were £5.3m, down from £6.9m, as the company wrote off £2.4m of its investment in Ofex-listed Redrock Software. Sales though more than doubled to £14.1m with a record £5.9m picked up in the last three months.

Netstore picked two big contracts with the Housing Corporation and Hackney Council, for £5.9m and £6.5m respectively, during the year, very little of which is reflected in these figures said Barry-Walsh. Recurring revenue is now worth £11m he added.

[widemouthfrog] 03/9/2003 13:10

a bit of exposure certainly wouldn't go amiss! i've seen your NES flags on FAR2, perhaps we should invite ace-ramper Sue Helen over for a day or two? :]

Paul Barry-Walsh: "I am very pleased to announce record results for the year ended 30 June 2003...we have good visibility of revenue, with approximately £14.0m
flowing forward from contracts signed in the year just ended and before; costs and cash remain under close control and we have a coherent business strategy that is delivering... Our key priority has been achieved: to build a sustainable platform from which to grow rapidly a valuable, managed IT service business... Turnover for the year was in line with our expectations increasing by 114%... Income from long-term contracts represent approximately 70% of total turnover..."

[pacman88] 03/9/2003 13:09

I am no expert per se but given the large volume of sales and stability of price I think that the MMs are filling a buy order somewhere. Will have to wait and see if there are any annoucements.

[widemouthfrog] 03/9/2003 11:53

morning pacman! delighted with results, but disappointed with reaction and confused by trades - any ideas?

[jmillskeel] 03/9/2003 09:42

LONDON (AFX) - NetStore PLC said the trading environment for IT in general
remains tough, however, it continues to make significant progress towards
sustainable profitability, narrowing operating and pretax loss for the full year
to June 30.
Pretax loss in the period was 5.265 mln stg, compared with a loss of 6.944
mln last year, and it is confident the business will turn profitable in the near
future.
Sales rose to 14.2 mln stg from 6.6 mln previously, while operating loss
before goodwill was reduced to 3 mln stg from 7.5 mln and loss per share
narrowed to 5.33 pence from 7.51p.
The group said in its results statement: "Trading has been steady since the
end of the year, in what traditionally is our weakest trading period. We have
signed approximately 1 million sterling of new business.
"With our focus on larger more complex contracts, sales cycles have extended
and we now expect to sign fewer but larger contracts," it added.
It also said that, following its successful acquisition of NetConnect,
Netstore will continue to look for acquisition opportunities.
[e-mail]
lam


A good long term hold that is over looked...