Netstore Share Discussion Threads

[widemouthfrog] 10/11/2003 15:38

affc21 - that just leaves 3,916,733 to account for!
more rns pending?

[widemouthfrog] 10/11/2003 15:25

RNS Number:8800R
NetStore PLC
10 November 2003

The Company was today informed that Paul Barry-Walsh, a director of the Company,
purchased on the 7 November 2003 100,000 ordinary shares of 20p each in the
Company ("Ordinary Shares"), at 35p per share.

Following this transaction, Mr Barry-Walsh has a beneficial interest in
15,663,603 Ordinary Shares, which represents approximately 16.26 per cent. of
the Company's issued ordinary share capital.

[affc21] 09/11/2003 22:30

Any-body like to comment on the late trades on friday,when over 4m shares were traded at 35p (which I asume were sell's)!!!!!

I am new to this share,so I would appreciate any info/comment's.

With Thanks in advance.

affc21

[affc21] 07/11/2003 14:01

Look's like no profit taking.
Like I said, I am watching,but not so patiently waiting.

[widemouthfrog] 07/11/2003 13:37

is it stuck?

[affc21] 06/11/2003 22:51

Awfully quite here,when you consider the result's were ahead of expectation's.

Watching and waiting to buy in,just in case there is a bit of profit taking
(e.g. T10ers).

[pacman88] 06/11/2003 07:34

Forward looking statement very positive. Most important to me is the fact that current visibility on revenues is £16M on deals that have been signed and need to be delivered leaving significant upside for the more to come.

Mkt cap=34M
Cash=12M
Enterprise value=22M
Current year revenue should be at least 25M given 5M in Q1 which is the weakest Q.

Trading at less than 1x revenue whilst growing at high double digit rates....:-)

From statement:

Current Trading and Prospects


Trading has continued steadily since the end of the quarter. We have signed
approximately #0.4m of new business (first year contract value) since the end of
the quarter, with some good prospects for material managed service contracts in
our sales pipeline; most of the opportunities continue to come from local
authorities and the banking, finance and insurance sector.


Visibility of revenue is strong with the combination of completed sales,
contractual income not yet recognised, deals signed still in implementation and
consultancy projects not yet complete providing approximately #16m of revenue to
be recognised in the current year.


Now that we have had a considerable period of stability in our business model,
we have been able to look more carefully at our cost base and our key suppliers
in particular; we expect to continue to reduce key areas of cost through the
remainder of the year.


We also continue to look for acquisition opportunities, focusing on those that
will fill out our managed service portfolio and have an established customer
base for managed solutions amongst medium to large organisations, in keeping
with our business model.


Our continuing strong progress is due entirely to our staff to whom we owe
considerable thanks for their dedication and expertise.


We have good reason to look forward with confidence.

Paul Barry-Walsh
06 November 2003

[pacman88] 06/11/2003 07:19

Results out this morning and they are ahead of expectations!! Chart indicators well poised for next leg up with support from 50day EMA and MACD and RSI signaling a move up.

RNS Number:7354R
NetStore PLC
06 November 2003

Immediate release 6 November 2003

Netstore plc

Results for the Quarter ended 30 September 2003
"Another Significant Step Towards Profitability"

Netstore plc ("Netstore"), a leading provider of managed IT solutions, announces
results for the quarter ended 30 September 2003.

Highlights:


*Turnover increased by 70% to #5.4m against the same period last year
(2002:#3.2m)


*Gross margin better than expected at 49% (2002: 51%)


*Operating losses reduced substantially to #(0.2)m (2002: #(1.0)m); ahead
of expectation


*EBITDA positive through the quarter (2002: EBITDA loss of #(0.3)m)


*Cash balances at #12.1m compared with #12.5m at 30 June 2003 (2002:
#15.4m)


*Recent acquisition NetConnect successfully met "earn out" targets; final
#0.8m of consideration paid during the quarter; continues to trade
profitably



Paul Barry-Walsh, Chairman and Chief Executive, commenting on the results said:


"Netstore continued to make very pleasing progress, during what is traditionally
a quiet period for new sales. Higher than expected revenue from two of our
existing large contracts plus our continuing cost discipline led to results
being better than expected."


On future prospects he added:


"Looking ahead, we have good visibility of revenue with approximately #16m
secured for the current year and good prospects for new managed service
contracts. We have every reason to look forward with confidence."



For further information, please contact:

Netstore plc (NES) 0870 3006600
Paul Barry-Walsh, Chairman [e-mail]
Neil Lloyd, CFO [e-mail]

Buchanan Communications 020 7466 5000
Charles Ryland
Catherine Miles

Evolution Beeson Gregory 020 7071 4300
Mike Brennan

[widemouthfrog] 03/11/2003 11:15

houseprices - what's pencilled into your diary for december?

[widemouthfrog] 02/11/2003 21:56

NES charts on FAR2 thread:

[widemouthfrog] 02/11/2003 21:11

Netstore Annual Report and Accounts y/e June 2003


29 October 2003
Notice is hereby given that the Annual General Meeting of the Company will be held at Atrium Court, The Ring, Bracknell, Berkshire RG12 1BW on 27 November 2003 at 11.00am for the following purposes:

ORDINARY BUSINESS

1. To receive and adopt the Company's annual accounts for the financial year ended 30 June 2003, together with the Directors' report and the auditors' report on those accounts.

2. To appoint Baker Tilly as auditors to hold office from the conclusion of this meeting until the conclusion of the next annual general meeting of the company at which accounts are laid and to authorise the Directors to fix their remuneration.

3. To elect David Blundell as a Director following his appointment to the Board in May 2003.

4. To re-elect Neil Lloyd who retires by rotation pursuant to Article 67 of the Company's Articles of Association and who, being eligible, offers himself for re-election as a Director.

5. To re-elect Michael Jackson who retires by rotation pursuant to Article 67 of the Company's Articles of Association and who, being eligible, offers himself for re-election as a Director.

6. To re-elect Peter Howell-Davies who retires by rotation pursuant to Article 67 of the Company's Articles of Association and who, being eligible, offers himself for re-election as a Director.

SPECIAL BUSINESS

To consider and, if thought fit, pass the following resolution, of which resolution 7 will be proposed as an ordinary resolution and resolution 8 will be proposed as a special resolution.

7. To approve and adopt the Remuneration Report of the Board for the year ended 30 June 2003.

8. That:
8.1
the Directors be and they are hereby generally and unconditionally authorised in accordance with section 80 Companies Act 1985 (CA1985) and in substitution for any existing power to allot relevant securities to exercise all the powers of the Company to allot relevant securities (within the meaning of the said section 80) up to an aggregate nominal amount of £6,420,426 during the period commencing on the date of the passing of this Resolution and expiring on 26 November 2008 (both dates inclusive), but so that this authority shall allow the Company to make before the expiry of this authority offers or agreements which would or might require relevant securities to be allotted after such expiry and notwithstanding such expiry the Directors may allot relevant securities in pursuance of such offers or agreements.

8.2
That the Directors be and they are hereby empowered, pursuant to section 95 CA1985, to allot equity securities pursuant to the authority given in accordance with section 80 CA1985 by paragraph 8.1 above as if section 89(1) CA1985 did not apply to any such allotment, but this power shall be limited to the allotment of equity securities:

8.2.1
in connection with or the subject of an offer or invitation, open for acceptance for a period fixed by the Directors, to holder of ordinary shares and such other equity securities of the Company as the Directors may determine on the register on a fixed record date in proportion (as nearly as may be) to their respective holdings of such securities or in accordance with the rights attached thereto (including equity securities which, in connection with such offer or invitation, are the subject of such exclusions or other arrangements as the Directors may deem necessary or expedient to deal with fractional entitlement that would otherwise arise or with legal or practical problems under the laws of, or the requirement of any recognised regulatory body or any stock exchange in, any territory or as regards shares held by an approved depository or otherwise howsoever): and

8.2.2
(otherwise than pursuant to subparagraph 8.2.1 above) up to an aggregate nominal amount of £963,064; and shall expire on 27 November 2008, except that the Company may before such expiry make offers or agreements which would or might require equity securities to be allotted after such expiry and notwithstanding such expiry the Directors may allot equity securities in pursuance of such offers or agreements.

8.3
all authorities previously conferred under section 96 CA1985 be and they are hereby revoked, provided that such revocation shall not have retrospective effect.

By Order of the Board
Neil Lloyd
Company Secretary
27 October 2003

[johnroger] 25/10/2003 16:23

Bought Friday at 35.46 after recent pull back following Techinvest tip in October issue at 34.25.Attractive points highlighted were a doubling of sales in the year to June.Now cash flow positive.Cash balance worth 13p per share and already £14 million of current year income contracted.Further acquisitions likely.

[widemouthfrog] 24/10/2003 10:30

director profiles:

[satgainda] 09/10/2003 15:40

I think that NES has got bags of potential. From my research, I reckon the price will rise to 55p by the end of the year. Buy Now!

[pacman88] 08/10/2003 18:51

SUPPLIER NEWS - Internet Security Systems to outsource training operation.

169 words
7 October 2003
IT Training
12
English
(c) IT Training, a Haymarket publication, for more information visit ww.haymarketgroup.com or email [e-mail]

Internet Security Systems (ISS) is outsourcing its UK training operation to internet security specialist NetConnect, a division of Netstore. The deal is part of a move to maximise investment and expand the locations offering ISS tuition by using NetConnect's network of training centres.

'The deal makes financial sense,' insists Richard Millar, managing director of ISS, UK and Ireland. 'We've had a very successful partnership with NetConnect for the past three years, and this is the next logical step.'

NetConnect claims the deal puts it in a unique position in the training industry. 'It is a material addition to our business, giving us the three largest security brands in the industry - Nokia, Checkpoint, and ISS,' explains Stephen Bacon, a director of NetConnect, which is the only internet security company that is fully accredited by the Institute of IT Training.

ISS courses and products will be delivered from NetConnect's range of training centres in Leeds, London, Cambridge and Edinburgh.

[widemouthfrog] 03/10/2003 10:47

polythene - i'd say directors' active interest shows significant expectations. see rns history on "news" tab above - appears 3 directors sold shares at 36p on 3rd Sept and then exercised options at 1p. result = 2 directors now holding more than they did originally.

[terry91] 02/10/2003 09:49

whats with the 600K trades this am?

[polythene] 02/10/2003 09:44

New to looking at this share. Why are you all not far more concerned about the directors selling down? Two of the three are left with very small holdings. This normally means directors don't expect much form the share price. I see Techinvest bought on the same day.

DTMT

[jewelsy] 29/9/2003 21:24

Press Room





Event Details



Title: The Labour Party Annual Conference

Type: Seminars / Conferences

Description: The Labour Party's conference season provides a wide range of commercial opportunities for companies and organisations that wish to communicate with a political audience.

Date: 28 September 2003 - 02 October 2003

Venue: Bournemouth International Centre

Additional Information: Netstore stand number: 45 (Purbeck)

Website: www.labour.org.uk

[widemouthfrog] 29/9/2003 08:54

has there been a write up??

[widemouthfrog] 17/9/2003 17:35

very few shaken out over the last couple of days. mm's filling orders? looks like support at 34 and resistance at 37

[widemouthfrog] 16/9/2003 14:37

11:15:00 35p 150,000 £52,500 DLY O

[widemouthfrog] 12/9/2003 11:30

10:35:06 34.75p 100,000 £34,750 DLY O