Share Name Share Symbol Market Type Share ISIN Share Description
Nettworx Plc LSE:NTWX London Ordinary Share GB00B0TLVX30 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 6.625p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial - - - - 7.35

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Date Time Title Posts
20/2/200914:10The NETTWORX Thread32
05/12/200615:04cash shell-

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elgordo: Glenn - One day it might be interesting, but it's been a darned long wait so far. In the meantime, you're right that the cash is a good prop for the share price (cash £8.7m, market cap around £5m).
elgordo: Ah - I did say my crude calculation ignored the loan notes. The RNS today means things are healthier than I thought; even if the Truphone and Sim4Travel assets are worthless, NTWX has 7.8p in cash per share. Current buy price for a NTWX share is 5p, so that's a discount to cash of 36%. Far from an unprecedented discount for a cash shell, but a nice security blanket for now.
elgordo: As long as the directors haven't been too free with the company cheque book since floating, the glimmer of good news is that the share price now equates to the cash per share, based on the original cash raised (£9.4m raised, 111m shares in issue; £9.4m / 111m = 8.5p per share). However, it is of course not uncommon for cash shells to trade at a substantial discount to cash, so I'm not suggesting that the price couldn't fall further. The company was formed in mid-December, so its half year must have ended no later than mid-June. Of course they then have up to six more months to issue their preliminary results, so we have anywhere between another 0 to 5 months to see them. Whether they will have anything more interesting to say beyond the typical "we continue to investigate possible acquisitions..." remains to be seen.
guru11: After reading the Daily Mail the carrot is that the directors may repeat what they have done before with NTWX. It was a wise decision of one the directors to sell was it Jellybaby at the top for £60m. So maybe his wisdom can work here too. We all know what 1 deal will do for the share price! Even if the profit wont come through for ages.
travisriley: this stock is going to be a big winner IMO, as the founders have invested serious personal money, have attracted some big names and have a view to build a business and sell it within 2 years. These guys want to make money and they know how. As per the listing announcement, you can see they already have quoted companies they are looking at, I then expect a short suspension, pending EGM approval of reverse takeovers, then a rising share price, and further fundraisings, followed by more acquisitions. I agree the stock should not trade at much more of a premium to cash for now, but I think deals will be done soon.
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