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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Network Data | LSE:NDH | London | Ordinary Share | GB00B16NT791 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.375 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 3.375 | GBX |
Network Data (NDH) Share Charts1 Year Network Data Chart |
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1 Month Network Data Chart |
Intraday Network Data Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/5/2009 | 17:18 | Network Data Holdings...Mortages and more | 245 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 28/1/2009 07:50 by masurenguy RNS Number : 3452M Network Data Holdings PLC 28 January 2009 Statement re Possible Offer The Board of Directors of Network Data confirms that the Company has received a preliminary approach which may or may not lead to an offer being made for the Company. Discussions are at a very early stage and there can be no assurance that any offer will be forthcoming. Further statements will be issued in due course. In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the Company confirms that it has 28,268,010 ordinary shares of 10 pence each in issue. The ISIN reference for these securities is GB00B16NT791. In addition, the Company has 2,465,000 unquoted redeemable convertible preference shares of 100 pence each in issue which may be converted into ordinary shares or redeemed in full by Network Data at the option of the holder in five equal instalments on each of 31 December 2011, 30 June 2012, 31 December 2012, 30 June 2013, and 31 December 2013. The redemption/conversio |
Posted at 24/4/2008 08:30 by aaliyah 15.5p per share. Can it get any worse? |
Posted at 23/1/2008 00:11 by masurenguy All time low and circa 35% below their 2006 IPO price. Looks like they might need a hip replacement if they are going to move forward again ! |
Posted at 20/8/2007 11:07 by thinkingman Trade went through earlier which might explain the jump. MMs can manipulate the price all they like but I won't sell my holding. I think there is only one?? Liquidity will probably be sorted out at some point future but I find it comforting that Griffiths & Co own 92%. I think the results out in September will give some certainty to this uncertain share price |
Posted at 20/8/2007 10:11 by masurenguy LOL - the NDH share price is totally manipulated by the MMs. This morning it is up 19% on no news and no trades either !The MMs can do this since circa 80% is owned by Griffths and his wife and more than 10% is owned by staff which means that the free float is tiny. |
Posted at 29/5/2007 22:38 by masurenguy Network Data - sunk costs but the business is still swimmingAuthor: IC | Posted: May 22 @ 22:19 The news today that the introduction of Home Information Packs ('HIPs') will be delayed until 1st August not surprisingly brought about a sharp fall in the share price of Network Data. Although with only c£3,000 value of shares traded today's fall was hardly representative of wider shareholder opinion! The AIM quoted group has committed a great deal of its hard earned money (it didn't raise any new money on float) to supporting HIPS and today's classic government back track will have probably caused Chief Exec and 78% shareholder Richard Griffiths to question the wisdom of his decision to whole heartedly invest in HIPs through his Hipstar operation which was due to kick off in earnest on 1st June. It now appears to be doubtful that they will be ever be brought in at all at least ti any extent. Yes, it is clearly bad news for NDH but there is a lot more to this £13.6m market cap business than just HIPs. A look at the annual results to 31st Dec 06 revealed pre-tax profit of £220,000 but this was after writing off £1.4m on Hipstar. So the results excluding Hipstar would have resulted in a profit of c£1.6m and this was after incurring a loss on the new Network Surveyors business. If one assumes that the original core mortgage broking business continues to perform, factor in some profitability for Network Surveyors (turned profitable in the first half of 06) and even allowing for further Hipstar cost write offs, the shares don't look bad value. Any further share price falls would appear to represent a buying opportunity. Unfortunately this is where the problems really begin because, with Mr Griffiths holding 78% of the shares and no money raised on float, there just aren't any shares out there. So they came to AIM but didn't need any new funds and the Chief Exec and staff hold nearly all of the shares. Once again I question why they on earth they came to AIM in the first place! |
Posted at 29/4/2007 09:47 by masurenguy Well the big question is what will be the impact of HIPS both on the property services sector as a whole and also specifically on NDH !We can only wait and see - nobody can really answer that question at this stage. However what one can say is that the future prospects for NDH are very much linked to their success in exploiting the new HIPS market. They have borrowed money to fund Hipstar (circa £1.4m) and now they need to get a return on that investment. If you add back the development cost of Hipstar and the AIM listing into the 2006 P & L then the PAT would have been circa £1.2m. This would give you an historic PE of circa 15 at Fridays closing share price. Thats not particularly expensive but it is not cheap either especially for a company of this size that has borrowings over £3m. Future valuation is very much dependent upon the success of Hipstar - if it achieves its objectives (as in the very bullish £55m sales forecast for 2007) then you could see the share price at 100p. If it doesn't, as a small and VERY illiquid AIM fledgling (remember Griffiths still holds 79%), then we could see it remain in a 50p - 70p range for some time. |
Posted at 29/4/2007 07:26 by masurenguy Well NDH have increased their gearing and invested heavily in building a facility to exploit the HIPs market. Current borrowings are above £3m, not insignificant for a company with sales of £29m and net assets of circa £1.1m.Interest cover in the year just ended was just 1.9 so NDH need to be generating a significant revenue income from HIPS quite quickly to start recouping their investment. If HIPS does start to clog up house sales then this will not be good news for NDH since it would reduce their projected HIPS revenue stream and mortgage income. Continuity of survey business would not offset this since this currently represents less than 10% of their sales is not yet contributing any profit. The current Edison forecast envisages a 90% increase in sales this year, from £29m to £55m, which is a very ambitous projection and largely dependent upon a very quick and substantial inflow of business from their new Hipstar division, so there is no way that any slowdown in the processing of property sales, due to the advent of HIPS, would "benefit" NDH. In order to recoup their investment, service their debt costs and achieve broker targets, NDH need to hit the ground running with Hipstar and start building an income stream up to the level of around £1.5m a month in order to achieve current broker forecasts for the current year. Their Q1 'trading in line with expectations' update was based upon 'the volume of house transactions driving the business' and has no bearing on HIPS since this will not be a factor until the second half of the year. NDH still have all to play for and have made a substantial investment in HIPS in order to rapidly expand their business going forward but the picture will not be so rosy in the short term if HIPS does succeed in 'clogging up' house sales. |
Posted at 26/4/2007 15:04 by johnsoho I think the reason for such sharp share price movements is because so few of these shares are available to investors. The company has 28,100,000 shares in issue of which Richard Griffiths, the Chief Executive, owns 22,167,130 (78.9%) thus leaving just 5,932,870 to satisfy investors demand.Just a few buys or sells moves the share price quite substantially. If you think HIPS are going to become a reality on 1 June then these shares, in my view, are a 'must have' because, again in my view, I think NDH will obtain a reasonably profitable % of that market....quite what % that will be remains to be seen. If on the other hand you think that HIPS will not happen or people will suddenly cease to want to sell properties then in my view you are better of not holding these shares. As always, do your own research etc |
Posted at 20/4/2007 11:29 by 130407 worth re-postingHABAYYUT - 12 Apr'07 - 13:39 - 58 of 69 some interesting points in the three documents above: IC STATE (1)"NDH acts as a panel manager for mortgate insurance brokers and now accounts for a fifth of all mortgages sold by them - twice as many as the next panel" (2)Re: HIPS: - "Analysts are expecting some spectacular trading figures over the next two years, assuming the housing market stays strong" (3)"Researcher Edison forecasts profits of £2.4m in 2007 and £6.4m in 2008" DIGITAL LOOK STATE (1) "The shares are tightly held, the CEO owns 80% with his wife, An employee share scheme owns a further 10%, and the free float is little more than 5%" - (this equates to 1.4m shares) (2)"Liquidity can be improved from issuing shares for acquisitions......th EDISON RESEARCH STATE - 12 March 07 (1)of the 2006 results ...."NDH came in above our forecasts.....the main differences were revenues were 3% higher than we expected and operating costs 2% lower" (2)"We believe that the Government reversing its planned launch of HIPs in June has significantly declined, with launch less than 3 months away" (3) "We value NDH using a DCF calculation, using a HIPs business with 6% share at 99p/share" (4)"NDH's normalised pre-tax profit of £276k was 90% ahead of our forecasts of £145k" (5) "Management expect to pay a divident of 0.35p/share in 2007" (6)Management currently expects there to be three other major players in this field other than HIPSTAR, including LMS, First Title and MDA. Management expects that these 4 players will gain about 80% of the market" |
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