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
  13.80 4.0% 358.80 142,962 08:30:38
Bid Price Offer Price High Price Low Price Open Price
356.30 358.90 369.80 350.00 358.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 252.53 49.50 8.67 43.0 1,974
Last Trade Time Trade Type Trade Size Trade Price Currency
08:30:37 AT 408 358.80 GBX

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Date Time Title Posts
29/9/202116:27Network International, digital payment solutions196
13/6/201910:40EPO winner? -
01/3/200208:31Home Network Using Existing Power Lines-

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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 345p.
Network International Holdings Plc has a 4 week average price of 309.60p and a 12 week average price of 309.60p.
The 1 year high share price is 459.90p while the 1 year low share price is currently 194.10p.
There are currently 550,000,000 shares in issue and the average daily traded volume is 1,984,587 shares. The market capitalisation of Network International Holdings Plc is £1,973,950,000.
brain smiley: Good results;company very bullish.Business recovering strongly - share price reaction very hard to predict!
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.
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
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
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.
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.
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?
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.
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.
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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