Networkers International Share Discussion Threads

[joeall] 31/5/2007 12:32

Hazelton,

Go to sharecrazy.com you might find it to be a bit helpful.

[hazelton] 25/2/2007 22:28

Does anyone know what the directoral shareholdings are & who the major shareholders are ?

[1bensons] 18/12/2006 10:22

Anyone have any thoughts on what the city is looking for next year as a combined group ?

[hedgehunter] 26/9/2006 02:29

Suprised theres not many in this one.

[hedgehunter] 25/9/2006 10:39

Good solid update.........

Networkers raises 7 mths pretax 31 pct
AFX


LONDON (AFX) - Networkers International PLC raised its pretax profit in the seven months to June 30 2006 by 31 pct to 1.7 mln stg from the 1.3 mln reported for the comparative seven month period a year earlier.

The AIM listed technology recruitment company increased turnover by 47 pct to 22 mln stg from 15 mln.

The group said trading in its specialist emerging markets remains robust and the group is outperforming its internal targets regarding new business written.

Managing director Spencer Manuel said reorganisation of the group in the period under review has given a more focused and structured approach to not only winning new customers but also cementing existing ones.

'We are delighted with the continued progress at Networkers.'

The group is focussing on ways of increasing the number of contractors renewing contracts with Networkers International PLC and also broadening the client base within the regions. The group has had considerable success over the period trading with more new customers in different countries.

Networkers also said it continues to look for earnings enhancing acquisition targets in its sector and believes that the group can derive benefits of scale from such acquisitions.



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slm

[hedgehunter] 22/9/2006 23:10

I hear Nigel Wray is going to be giving out a few tips on Winnies new 'Show Me The Money'.

I think he could well feature this one.

[hedgehunter] 14/9/2006 15:32

Historical article from Uk Analyst...

Networkers* - A "Strong Buy"

It appears that the wait has been worth it. Investors in the Nigel Wray and Nick Leslau backed cash shell, Streetnames, were today getting to grips with the company's plans to buy the telecoms contractor provider, Networkers International in a £22 million deal. A profitable company, Networkers operates in arguably the most lucrative market of them all - people. The company is a people broker, and no, we don't mean illegally ferrying entire families across the channel on lorries. The group provides engineers on a contract basis to major telecoms companies around the world. And when we say major, we mean it. Nokia, Orange, Alcatel; you name it and you can bet your bottom dollar that the company has the client on its books. This is a truly global business, tackling both the emerging side of the telecoms market and the evolving, yet more established Western market.

Founded in 2000 at around the same time that many similar such operations were calling it a day after the TMT market peaked; Networkers has established a business that is successfully exploiting a niche in the provision of skilled mobile telecommunications personnel to emerging regions all over the world. The group has grown organically since its inception, which makes its last recorded annual turnover of £21.8 million for the year ended 31st May 2005, seem all the more impressive.

With clients including the likes of Nokia, Alcatel, indeed almost every major telecoms operator, Networkers really is a leading force in this high growth market space. The company has access to skilled contractors throughout the world, and is thus able to provide a wide range of services from project management, design and implementation of telephone exchanges and networks, billing, operations and maintenance. The group concentrates mainly on temporary contractor placements, typically ranging in length from three to six months. Currently it has over 400 contract engineers, working on client projects in more than 35 different countries. Meanwhile a joint venture in Saudi Arabia, Saudi Networkers Services Company Limited, in which the group has a 33% interest, has a further 200 contract engineers working on client projects in the Middle East. Indeed, taking advantage of its skilled expatriate labour base, the company is able to command an attractive margin on contracts in the emerging or developing regions in which it is active.

The unquestionably high demand for skilled resource means that a key component of the business is the ability to attract skilled contractors. The group has built up a series of impressive relationships on the back of an excellent reputation with candidates in the emerging markets and is well known to international telecommunications engineers. The group's business is focussed in broad technical areas and the objective is to ensure its extensive candidate database is current and anticipates its clients' technical requirements. Pretty straightforward. The company also operates its own online jobs board via its website, which is used to advertise all vacancies currently being resourced within the group.

The mobile telecommunications market in which the group operates is growing rapidly, particularly in the emerging markets of Africa, Middle East, Asia and Latin America. Indeed, it is overseas where the group generates over 85% of its revenues. In addition to these emerging market geographies, Networkers also operates in North America and Europe, which together accounted for 44% of the group's total revenues in the six months ended 31 January 2006. The strategy going forward is to continue to deliver controlled expansion through predominantly organic growth, though at the same time, Networkers has identified some small, bolt-on acquisition opportunities. We imagine that news on this front won't be too long in the making.

The structure of this deal is quite complicated. AIM traded Streetnames is acquiring Networkers in an all share deal. Though at the same time, the enlarged company is effecting a 20 for 1 share consolidation together with a fundraising of new shares at 26p, netting around £2.2 million. The enlarged company will be capitalised at around £24 million, a valuation that doesn't appear too steep at all, by any stretch of the imagination. With sales for the year to 31st May of £21.813 million, and an operating profit of £2.245 million, this is a company that is priced to sell. Indeed, any notion of being able to buy at the 26p placing price in the after market can quickly be forgotten, this share is going places - fast. But it's not surprising when you look at the financials. This is a company that doubled both revenues and profitability in its last full year, and the current year doesn't look too shabby either. With pre-tax profits of £1.868 million on revenues of £18.7 million in the first half to 30th November, Networkers shares ain't gonna stay still.

Whilst the main board room players at the group are virgin plc directors, they are mercifully the same people that have built the business up from day one. 32 year old head honcho, Spencer Manuel is a smart cookie, having worked in the telecommunications recruitment industry for almost 10 years. Manuel will act as managing director of the enlarged group going forward. Meanwhile, Jonathan Plassard, another whipper snapper at just 35, brings with him the relevant finance skills for his role as FD, and was one of the chief brokers of the deal with Streetnames, having previously been a big-wig at BDO Stoy Hayward. Kevin Pope is the IT man and one of the main founders of the group. The non-executive roles are taken on by a host of investment luminaries, notably the Streetnames trio of Nigel Wray, William Astor and Nick Leslau.

Is this one to back? Absolutely. The shares will inevitably spike up sharply from the inferred 26p listing price following post EGM approvals. For a company that could see pre-tax profits hit £3 million in the year to 31st May 2006, we would say that a market capitalisation of just £24 million is an absolute steal. With Networkers operating in a high growth space, the prospects for this stock look very good indeed. Buy.

Contact Details: Seymour Pierce - 0207 107 8011

[hedgehunter] 12/9/2006 23:06

Doing very nicely out of this one and plenty more to come I feel.

[montyhedge] 31/5/2006 09:15

Nigel Wray 17% good enough for me, he had a nice winner with Betex at 31p, this looks excellent value and should go great guns.

[hedgehunter] 26/5/2006 11:57

At 33p I put these on a market cap of circa 30.3 million, and the company could conservatively make a profit of 3 million to finals this year.

On a p/e of 11/10, they do look very good value and acquisitons are promised.

[hedgehunter] 25/5/2006 12:14

Has some big backers behind it, including Nigel Wray.

[hedgehunter] 24/5/2006 23:11

Derd cheap.

[hedgehunter] 24/5/2006 23:10

Networkers International PLC
24 May 2006



24 MAY 2006

NETWORKERS INTERNATIONAL PLC
('Networkers' or the 'Group')

AIM ADMISSION

Networkers, is pleased to announce that following a reverse takeover of
Streetnames PLC, which was announced on 28 April 2006, the Group is now trading
on AIM under the new name of Networkers International PLC with the ticker
'NWKI'.

The consideration for the acquisition was £22 million, which was satisfied by
the issue of 84,615,377 consideration shares, issued at 26p per share following
a 20-for-one share consolidation The Group now has 92,115,377 ordinary shares in
issue.

Seymour Pierce is acting as the Nominated Adviser and Broker to Networkers
International.

The Group operates principally in the mobile telecommunications and technology
industry with over 85 per cent of its business in international mobile
telecommunications. The market for mobile telecommunications is growing rapidly
particularly in the emerging markets of Africa, Middle East, Asia and Latin
America

As part of its growth strategy, the Group has concentrated its resources in
emerging markets and as such 56 per cent of the Group's business is derived
from Africa, the Middle East, Asia and Latin America. In addition to emerging
markets, the Group is providing high level third generation ('3G') resources to
its clients in the developed markets of Europe and North America.


-ENDS-

Enquiries:

Networkers International 020 8658 1188
Spencer Manuel, Managing Director
www.networkersint.com

Seymour Pierce Limited 020 7107 8000
Sarah Wharry, Director

Bishopsgate Communications Ltd 020 7430 1600
Maxine Barnes
Scott Robertson
www.bishopsgatecommunications.com

Information on Networkers

Background
Networkers was founded in the UK in 2000 by Spencer Manuel, Jon Plassard and
Kevin Pope to exploit a niche in the provision of skilled mobile
telecommunications personnel to emerging regions of the world. The Group has
grown organically since its inception to a turnover of £21.8 million for the
year ended 31 May 2005. Networkers began trading in the UK in 2000 and in 2001
formed an associate company with a Saudi Arabian technical personnel provider.
In June 2004, the Group began trading in the US following the establishment of
its first US office, in California. The Group has since developed organically
into an international provider of technical resources.

Trading
During the year to 31 May 2005 profits grew to £2.6 million from £1.3 million
the previous year on sales of £21.8 million - up from £11.6 million in 2004.
Networkers' audited results for the six months to 30 November 2005 show a
profit before tax of £1.9 million from turnover of £18.7 million (six months to
30 November 2004 profit before tax of £1.5 million from turnover of
£9.3 million). Due to the effect of seasonality, whereby contractor numbers
typically decline at 31 December and then build up again during the first half
of the year, profit is not evenly distributed throughout the financial year.

Strategy
Networkers International has a clearly defined strategy to deliver controlled
expansion through predominantly organic growth. The Board of Networkers has also
identified opportunities to accelerate growth whilst complementing the Group's
service capabilities and market reach through small bolt on acquisitions.

•Networkers places skilled telecommunications engineers in various
countries throughout the world with telecoms vendors and operators including
Alcatel, Safaricom, Wataniya, Nortel Networks, Siemens, Ericsson and
Vodafone.

•The Group has access to skilled contractors able to provide a wide
range of services from project management, design and implementation of
telephone exchanges and networks, billing and operations and maintenance.

•It concentrates mainly on temporary contractor placements, typically ranging
in length from three to six months.

•In addition to its core telecommunications contract placement business,
smaller element of the Group's business involves the placement of
specialist IT personnel into permanent and contract positions with the
Group's clients predominantly in Europe and the Middle East.

•The IT contractors are principally engaged in the areas of enterprise
resource planning, billing, customer relationship management and converging
technologies in mobile data.

•Due in part to the Group's provision of skilled expatriate labour to those
regions lacking in the necessary resource, the Group is able to command an
attractive margin on contracts in the emerging or developing regions in
which the Group is active.

The high demand for skilled resource means that a key component of the business
is the ability to attract skilled contractors. The Group has built up a good
reputation with candidates in the emerging markets and is well known to
international telecommunications engineers who apply to the Group directly. Its
business is focused in broad technical areas and the objective is to ensure the
Group's extensive candidate database is current and anticipates its clients'
technical requirements.

The Board
Neville Roger Goodman, aged 59, (Non Executive Chairman)
Roger is currently an executive director at MITIE Group plc. Roger joined
MITIE Group plc in June 1993 and was appointed to the Board in August 2001.
Prior to joining MITIE Group plc he was a director at Initial Limited and was
previously at HAT Group Limited.

Spencer Manuel aged 32, (Managing Director)
Currently Networkers' Managing Director, Spencer has worked in the
telecommunications recruitment industry for over nine years having previously
been Managing Director of another telecommunications recruitment company.
Spencer was part of the founding team at the Company and has assembled an
extremely professional and experienced sales and management team. Spencer leads
and directs the Group in developing, implementing and driving the Group's
international strategy. He represents the organisation to the financial
community, major customers, government agencies, Shareholders, and the public.

Jonathan Plassard, aged 35, (Finance Director)
Jon is a Chartered Accountant with significant experience of international
accounting and corporate finance gained with BDO Stoy Hayward. Jon heads up the
financial team in the UK and the finance managers in the international offices
report into him. Jon was part of the founding team at the Company and brings
considerable financial experience to the Board. He is integral to the global
growth aspirations of the Company through the financial control of the Group.

Kevin Pope, aged 34, (IT Sales Director)
Kevin has over 11 years' IT Recruitment experience. Kevin was part of the
founding team at the Company having first spent 6 years with Paragon IT
Recruitment Limited. Kevin has built up a sales team specialising in the
recruitment of enterprise resource planning and customer relationship management
professionals across SAP & the Oracle eBusiness Suite and in 'converging
technologies' of mobile data.

Nigel Wray, aged 57 (Non Executive Director)
Nigel Wray has been a prominent investor in the property and equity markets
since 1986. He has previously held directorships and significant shareholdings
in companies including Singer & Friedlander Group plc, Carlton Communications
plc and Burford Holdings plc. He was a non-executive director of People's Phone
Company plc, Skyepharma plc, Chorion plc and Urbium plc. He is currently a
non-executive director of a number of companies including The English Wines
Group plc, Healthcare Enterprise Group plc, The Greenhouse Fund Limited,
Play Holdings Limited, WILink pc and Domino's Pizza UK & IRL plc. He is a
director and major shareholder of the private investment group, Prestbury
Investment Holdings Limited and a partner in and member of the management board
of PIHL Equity LLP, a private equity business de-merged from Prestbury
Investment Holdings Limited in March 2006 and is also the Chairman and major
shareholder in Saracens Rugby Club.

William Astor, aged 54, (Non Executive Director). William is deputy chairman of
Chorion Plc, non executive director of the European Growth and Income Trust plc
and a number of other companies. He is an Opposition Spokesman in the House of
Lords. William was Parliamentary Under Secretary of State in the previous
Conservative administration.

DYOR.