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Share Name Share Symbol Market Type Share ISIN Share Description
Network International Holdings Plc LSE:NETW London Ordinary Share GB00BH3VJ782 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  19.30 4.96% 408.20 760,596 16:35:00
Bid Price Offer Price High Price Low Price Open Price
404.90 405.50 406.60 390.00 390.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 252.53 49.50 8.67 49.6 2,245
Last Trade Time Trade Type Trade Size Trade Price Currency
17:41:23 O 2,183 399.528 GBX

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Date Time Title Posts
12/4/202108:34Network International, digital payment solutions186
13/6/201910:40EPO winner? -
01/3/200208:31Home Network Using Existing Power Lines-

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DateSubject
09/5/2021
09:20
Network Daily Update: Network International Holdings Plc is listed in the Support Services sector of the London Stock Exchange with ticker NETW. The last closing price for Network was 388.90p.
Network International Holdings Plc has a 4 week average price of 380.70p and a 12 week average price of 324.60p.
The 1 year high share price is 503p while the 1 year low share price is currently 178.10p.
There are currently 550,000,000 shares in issue and the average daily traded volume is 1,145,519 shares. The market capitalisation of Network International Holdings Plc is £2,245,100,000.
24/2/2021
22:29
bigdazzlerreturns: Well price is breaking the downward weekly trendline from early feb 2020. However I do accept this is only a weak trendline line as it only as the two highs as the touch point. Two points is never a valid trendline on its own but at the very least it shows a decline in momentum for the down trend. Secondly the weekly 11ema has crossed above the 21ema so it’s all looking very positive on the weekly chart imo. Hopefully we can have a good spring and summer pride rise. I’m personally a bull for netw.
24/2/2021
12:16
sphere25: Well done tradertrev, You're on the right side of the short term trade and shorts now have alot more food for thought with the price now testing 400p. I have been watching from the sidelines, but we can see just how much trouble the shorts could have been in if this was targeted as a short squeeze as per recent topical shares. It hasn't taken much volume to cause the move up and today's price move of near 7% is on only 234k shares. It's just another example of how perilous shorting is in this market. Their time will no doubt come, but it doesn't matter in the near term what people think about valuations. or whether there is some suspect bombshell to follow etc. By the time it happens or doesn't happen, you've entered ClobberVille and get absolutely creamed on the short side in this market. You're better off capitulating early or having a stop in place. I trade long nearly all the time. I've had a look at a few shorts in this frothy market but still thought... I'm going to get killed even if I'm right longer term. What's the point of that and standing in the way of a freight train towing a ship that is towing a Dreamliner downhill so errr yeah....stick to the trends until they fall over. Anyway. Still watching to see the end game here and what playbook the shorts now adopt here.. All imo DYOR
15/1/2021
16:02
sphere25: It's interesting to look around such bullish times to see where shorts are adding or holding steady. If they have conviction in a rampant market like this, then it really could be sending a strong signal to market participants. This is the type of market where shorts in something like NETW could get squeezed to the high heavens and forced to close with substantial losses. The moves in NETW can be enormous and rapid on small volumes. We also just have to look at some of the recent bullish market activity to see the risk the shorts are taking: - Crypto and anything Crypto related has been going nuts with it being talk of the town and doing the rounds regularly on non-financial sites. - IPO's almost guaranteed a double with Poshmark a recent example - SPAC activity - Robin Hood traders on a tear - Higher risk speculative jam givers over here(e.g. VRS and AGM) having enormous moves higher. Essentially, pretty much anything can spike substantially higher in this market. Easy to see why people are getting concerned too with more talk of a bubble. So with all that, here we are with examples like NETW and CINE where shorts aren't flinching or concerned about getting squeezed. It just makes you want to look in abit more to these companies and see how it plays out. Mainly interested in NETW though. No position here but did consider quick day trades without holding overnight. After watching, the price moves are too bonkers though with erratic gaps making it very hard to trade consistently profitable. Will continue to look into this to see who comes out right. As stated, this level of short conviction in such bullish times is rather noteworthy. All imo DYOR
20/12/2020
18:47
tradertrev: Here's the Times article in full - a pathetic attempt at smear by association comes to mind: Short-sellers who attacked Wirecard are now targeting a FTSE 250 payments giant over its links to the collapsed German fintech company. Matthew Earl, a former City analyst who runs ShadowFall Research, and Fraser Perring, a former social worker who is behind Viceroy Research, are both betting against the shares of Network International. The Middle East-focused firm is chaired by Ron Kalifa, who also led Worldpay and sits on the Bank of England’s court of directors — akin to a board. The short-sellers’ criticisms centre on Network International’s $288m (£213m) acquisition of African business DPO Group, which was unveiled in July but is yet to complete. Earl and Perring have highlighted concerns around a subsidiary of DPO called AconaOnline. That business, which is now dormant and is being liquidated, was sold to DPO by Dietmar Knöchelmann, a German businessman whose companies were bought by Wirecard as part of a €43m deal in 2007. He continued to work for Wirecard as a director of its Irish-registered Wirecard Payment Solutions Holdings until 2009. In 2016, Knöchelmann pleaded guilty in Israel to helping a local credit card firm called ICC-Cal, and its then executives, commit fraud from 2008 to 2010. Another former director of AconaOnline is Ralf Buchholz, who was previously vice-president of risk and operations at Wirecard Payment Solutions. A report by Earl, circulated among ShadowFall’s clients this month, said that while DPO was an Africa-focused business, it was “birthed by the ‘back-room boys’ to Wirecard UK & Ireland”. The collapse of Wirecard, one of Germany’s biggest companies by value, in a fraud scandal sent shockwaves through the financial world. Network International responded yesterday by revealing that it had hired lawyers at Freshfields to help it look into DPO and its subsidiaries. Chief executive Simon Haslam said: “AconaOnline is a DPO group company that has been dormant for several years and was put into liquidation prior to our engagement with DPO. “We are aware that questions have been raised and we instructed Freshfields to assist us with regard to the acquisition ahead of completion. We have not found any evidence to date of wrongdoing by DPO or the sellers and can confirm that no Wirecard directors, past or present, have ever been involved in the management of DPO.” Network International was the biggest float in the UK by a technology company since Worldpay, in 2015, when it listed in April 2019. But it has attracted the attention of short-sellers hoping to profit from a fall in the share price. Network International is the eighth most-shorted company on the London Stock Exchange, according to the Financial Conduct Authority. At least 6% of its shares are out on loan to short-sellers. Earl’s report said DPO was registered in Dublin in the same building as Wirecard UK & Ireland. The company said this was the office of its accountants, Moore. Earl and Perring each deny any knowledge of the other’s short positions and research into Network International. They previously worked together at Zatarra Research, where they co-authored a report on Wirecard in 2016, accusing it of “corruption and corporate fraud”. However, the pair have since fallen out.
18/12/2020
15:41
brain smiley: Time will tell.Still wondering why the directors don't buy more shares - surely free money if recovery is coming ? Think it would help calm the share price down.
10/12/2020
00:06
leafysuburb: Most though seem to be under water as the share price is above what it was on the day of the latest declarations. It makes me think that they are shorting to actually go long. I'd be interested to know what interest rate they have to pay for what is effectively loaned out stock?
24/11/2020
20:14
leafysuburb: A good day today and it is good to have a chartists insight across the back of it. I think that it is the start of a breakout and recovery and in all honesty so far it is only making up a small part of the share price that was stolen all for no apparent reason. Fantastic value still what with vaccine optimism on so many fronts now only just having started, and also in the knowledge that in the next few weeks NETW should seal its major acquisition with the integration of Direct Payments Organisation (DPO) into the company and which will allow them to vastly expand operations in Africa through a fast growth company. There is a lot more value still to be credited back at some point.
21/10/2020
13:12
sphere25: Yes tradertrev, sometimes a very bearish chart can be the best time to buy too. However, it can be a very fine line in a resilient market like this (the US, the 250, Small Cap and AIM all recovered strong and not looking like even threatening a big plunge down), particularly in light of all the uncertainty out there. You'd think the majority of companies not materially affected by the crisis would have already re-rated higher in such a market and there would not be (based on current circumstances i.e. no vaccine, stimulus, seventeen squillion more of QE) many genuine bargains with prices at lows or continuing to makes lows like this one. Clearly it's different when you're in a bear market and have those big sell downs. Companies like NETW are usually too complex to really get to the bottom of. Short term traders like me don't have the time to sit there day after day trying to analyse one company, we clearly work a different way to longer term folk who could spends weeks analysing each company. Still, those folk, the analysts and the whole bullish participants have been spectacularly wrong and not see what has been hiding underneath. Clearly you shouldn't tarnish a company with others, but I have been watching this one for a while now and the way the price moves is suspect imo. That doesn't say alot, but charts and price movements are indicative of the markets view on a company. Often the best thing someone can do is consider all charts that are moving bottom left to top right and filter the rest. The way this moves is indicative of a very unsure market, one which is constantly asking itself if the company does provide value or whether there is something more sinister underneath. It leads to erratic moves, even on calm days like today. Nutty 17% move down earlier, with a recovery bounce now, but it's all over the shop and does it so often. Naturally, we have all seen even the best of companies have big moves and volatility, but it's incredibly rare outside of mass market panic days where all hell breaks loose and algos pull bids and offer and liquidity and margin calls exacerbate the whole thing. I'd keep an eye on how the shorts move here too. They're increasing and the number of shorters is building, which isn't a good sign on this one specifically imo. Shorts can be wrong of course, but if you can compare price movements of a share to the body language of a person, the movements here are suspect. All imo DBAM DYOR Market closing UPDATE: Absolutely bonkers moves today, down, up, down, up up up, down, up, down down down...currently in auction with the price off 19%. After seeing today's actions, you might see what I mean above. You get less suspect moves in Boris Johnson's Covid-19 policies!
21/10/2020
12:14
shortiet: There were a couple of buys listed at 11.15 for 1.3m shares at about 300p (share price at the time was about 265p) so maybe price was shifted down by market makers to scoop up shares to fulfill the order. Price seems to be recovering quite quickly now.
21/9/2020
09:11
spectoacc: "Network International Holdings Plc ("the Company") (LSE: NETW), the leading enabler of digital commerce across the Middle East and Africa, notes the move in its share price. The Company is not aware of any reason to justify the move and is pleased to report that the trend of improving volumes in directly acquired domestic TPV, reported for July with our interim results, has continued in August and early September"
Network share price data is direct from the London Stock Exchange
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