Netstore Share Discussion Threads

[arfurwales] 24/2/2006 10:08

Helloooo - anybody still following NES? Interims released today....



Pretty good I reckon

[red ninja] 20/1/2006 11:30

The Company said it was informed on Jan. 17, 2006 by AXA Investment Managers UK Limited, on behalf of AXA S.A. and certain group companies, that following a purchase it has a notifiable interest in 13,537,500 ordinary shares of 20p each in the Company, representing approximately 10.80%. of the issued ordinary share capital

[red ninja] 02/12/2005 10:17

Nice 585k chunky buy to start the day.

[netsurfer] 05/10/2005 08:12

The Times

Smaller stock to watch

AIM-listed Netstore put on 2½p at 40½p on purchasing Intercea, a provider of IT services, for up to £12.1 million. The Berkshire company, which expects the deal to enhance earnings in the current financial year, is paying an initial £6.5 million, with the balance in the form of a deferred consideration of stock based on profit targets. Evolution Securities raised £5.6 million at 36p.

[ddevine] 09/9/2005 18:32

that would explain the heavy selling over the last 3 days then!

looks like no one wants to hold a technology stock with turnover growing at a snails pace

[mcooke01] 09/9/2005 10:58

Nice results I thought. I like to sleep at night. I've been a holder of NES for years now, and its made steady progress. Now into profit and paying a dividend. Never much to talk about with NES though, no nasty surprises, and no get rich quick interest either. In the early days, there were some overblown expectations of "ASP" companies (in the tech bubble era), and NES was massively overvalued, but that was all years ago now.

[ddevine] 08/9/2005 18:52

poor old NES....

...no one wants to talk about her....



...and with results like these...no wonder!

[devonlad] 16/8/2005 15:14

Just thouight I'd post these to stimulate some discussion, chart is looking very nice for these, anyone care to comment?

[devonlad] 16/8/2005 15:14

NetStore PLC
15 August 2005


Immediate Release 15 August 2005

Netstore plc ('Netstore')

Acquisition

Netstore, a leading provider of managed IT solutions, announces today that in
line with its stated acquisition strategy and through its wholly owned
subsidiary NetConnect Limited t/a Netstore Security, it has entered into an
agreement to acquire the entire issued share capital of Oakmore Holdings Limited
t/a System Software Solutions ('System Software Solutions').

System Software Solutions is a UK-based IT security company that offers
consultancy and design services; maintenance, support and managed services and
system integration services in IT security and data management. Approximately
half of its business comes from Local Authorities, Police and NHS Trusts; core
growth markets for the wider Netstore group.

For the year ended 31 December 2004, System Software Solutions reported turnover
of £6.7million and an operating profit of £0.1million. Turnover has been growing
at an impressive annual compound rate of 22% since 2001, with the considerable
investment in growth restraining profitability. At 31 December 2004, System
Software Solutions' net assets were approximately £0.6million.

The consideration payable for the acquisition is a cash payment of approximately
£3.0million, to be funded from Netstore's existing resources.

The Directors believe that the acquisition will be earnings enhancing in its
first full year of ownership, after accounting for re-organisation costs.

This acquisition follows on from the initial investment that Netstore made in
the IT Security business when it acquired NetConnect Limited in March 2003. The
businesses are highly complementary, with System Software Solutions bringing
further strong management experienced in rapid growth; additional skills and
services, and a large customer base in the Public Sector; Netstore Security's
principal market is the Finance and Banking sector. There are considerable
synergies both in cost and in commercial terms.

The growth strategy for our enlarged IT Security business will be to continue to
focus on the Public Sector and the Finance and Banking markets; to increase the
proportion of revenues coming from more strategic security advice and projects,
and from recurring business; currently approximately 60% of revenues for the
combined business are recurring from managed service, support and maintenance
contracts.

The acquisition will make Netstore Security one of the leaders in the fragmented
UK IT Security market, bringing both commercial and market presence; it will
also help to establish further the Netstore brand in one of its key markets, the
Public Sector, so facilitating the sale of its core managed services.

Neil Lloyd, Chief Executive, commented:

'This acquisition gives us the opportunity to establish ourselves as a leader in
the UK IT Security market alongside Vistorm, Articon Integralis and Affinity. It
is also strategically important to the wider group in that it adds a large
customer base in the Public Sector, a key market for us, and adds further to our
credentials in providing secure services over the Internet. '

'The investment we made in IT Security in March 2003 has been very successful
for us and we are very pleased to have the opportunity to invest further in a
business that has a strong strategic fit with Netstore and such a good
reputation.'

[red ninja] 16/5/2005 08:29

Well it may be a reasonable deal if the business performs.

The multiple goes up to 20 times on the if the max performance element kicks in.

I guess thats not bad if it is a high growth business. Probably not too bad a deal given the UK seems on the cusp of recession.

[arfurwales] 16/5/2005 07:59

Acquisition of Cassium Technologies Limited ('Cassium')



Any views? It seems reasonably priced at about 11 times earnings (though with a performance related element that may raise the price substantially).

The deal is in cash and shares....

[lingy] 06/5/2005 08:54

looks to me like this is about to shoot up any similar or opposing views?

[arfurwales] 13/4/2005 20:05

Not so much an article, but a one liner suggesting that Monday's price rise was due to the rumour of a multi million pound deal.

Hope it's right, but sadly no more detail...

[susier] 13/4/2005 08:49

Yesterday's Daily Express featured an article suggesting that Netstore is close to a multi-million pound deal. Does anyone have the article please?

[arfurwales] 19/2/2005 13:07

Hi folks - the results presentation is available on Netstore's website -

Any comments? I think there are signs of better revenue growth to come and strong cost control - both of which are welcome signs....

[susier] 14/2/2005 15:56

3 nice market marker buys today bodes well.

[roth] 14/2/2005 13:08

From Citywire following the results:

Citywire tip Netstore announces strong first half growth, record profits and plans to move to the dividend list, which pushes the shares up a further 11%.

IT services firm Netstore has continued to enjoy strong turnover growth and cash generation in the half year to the end of December. The shares jumped 4.5p to 46p on the news. We tipped the stock at 32.75p on 7 December.

Finance director Sugi Sugunasingha told Citywire: 'There seems to be a lot of interest in our services... we take the pain away from our customers and why wouldn't they want that.'

Turnover on continuing operations rose by £300,000 to £10.1 million and the group reported a profit before tax and goodwill charges of £500,000 compared with a £100,000 loss last time.

One of the key attractions of Netstore's business is its long-term contracted revenues from medium-sized corporate clients, which provide excellent earnings visibility. The situation here continues to look very encouraging.

[susier] 11/2/2005 12:21

I'm hoping this is a sign the results are expected to be good. I might get back to the price I paid for them a year ago on Monday if things go really well!

[jbarcroftr] 11/2/2005 10:45

Bit of buying this morning..anticipating the results?

[susier] 31/1/2005 13:05

From past results, their business looks to be growing well. Think it's just a matter of time before this apparently forgotten company is discovered.

[arfurwales] 26/1/2005 13:20

Results due on valentine's day - no massacre I hope...

[wilbs1] 30/12/2004 19:17

Takeover or an anouncment of new contracts? They have some fairly big clients.

Any thoughts?

wilbs1

[johnv] 30/12/2004 19:11

one hell of a jump for mid xmas time. perhaps takeover on the way?

[jaykaytee] 30/12/2004 17:05

bit of a leap in the share price over the past couple of days. perhaps this is based on the directors' recent purchases??

[wilbs1] 30/12/2004 13:45

Anyone?????