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NWKI Networkers

68.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Networkers LSE:NWKI London Ordinary Share GB00B1319W10 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 68.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Networkers International Share Discussion Threads

Showing 26 to 47 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
13/10/2010
11:35
Hi new to this company I am interested in holding but new some info, cannot seem to find thier web site can you help.
lexus880
11/10/2010
13:06
Looks positive from today's RNS. Directors and Nigel Wray increasing their stake and a share buy-back out of the investor that wanted out.
topvest
10/10/2010
14:55
Massive sell on Friday; nearly 20m shares at 20p or so in a couple of tranches; wonder if Nigel Wray has moved out. Seems a rather low price to get out. Worth seeing what this does to the share price.
topvest
15/2/2010
15:39
See post #40 here:



Surely there should have been an announcement if this is true?

bk2000
10/2/2010
21:06
I really cannot get over how great this company is, this is my favorite share out of all the shares in my portfolio. Every time I see that 179% return figure for this on the portfolio screen I smile. Every time the company buys some of it's own shares and my 'share' of the company increases, I smile :)

Great management, great company, bravo!

derekhess
06/1/2010
11:50
Great little company this - pays a nice healthy dividend now, good treatment of shareholders and solid fundamentals/business model. I am holding at an avg price of 9.7p so very happy with the returns so far. I am holding this for as long as they maintain their current strategy and div policy.

Strong buy and hold share IMO but do your own research before buying.

derekhess
16/12/2009
07:14
It looks like we picked up a business, that was making money a profit but had run out of cash and was about to go under, for nothing,
this_is_me
13/11/2009
22:46
Still very happy, in fact even happier today afer receiving my 2.1p a share dividend.
this_is_me
09/10/2009
07:13
Me is a very happy holder after yesterday!
this_is_me
08/10/2009
13:47
Well overlooked and making Me lots of money.
this_is_me
08/10/2009
07:50
In for more early this morning.
this_is_me
16/9/2009
09:14
Hold recommendation from Growth Company Investor
investinggarden
07/9/2009
07:57
It looks like things are going very well at this stage of the economic cycle.
this_is_me
22/1/2009
07:51
Getting marked lower towards my 5p target

Are they having some problems with the huge overdraft facility from HBOS/LLOYDS?

snappy
03/12/2008
22:34
Edging closer to my 5p target each day
snappy
24/11/2008
19:36
Still going south and no reason to think that the trend will reverse anytime in the near term.

Target price 5p due to high debt levels and worsening core market, forget that pie in the sky house broker 60p target from Seymour Pierce.

snappy
16/9/2008
10:54
thanks Anna - but this stock has been totally unfashinable for a considerably long period of time, like first artist...I won't be investing without some volumes.
manners2
16/9/2008
10:27
Note on NWKI from Seymour Pierce:

I should declare that NWKI is a corporate client of Rivington Street Holdings (RSH), for whom I work, but I thought this note might be of interest.


[quote] Networkers has delivered on all of its promises prior to the acquisition
of MSB and is still making good progress in its higher margin
businesses. It has considerable scope to expand its global telecoms
recruitment activities and its UK-based open market businesses. Cash
generation remains strong and net debt is falling rapidly. The shares
are trading on a considerable discount to the peer group.
The 1H08 results from Networkers International exceeded our forecasts
and underpinned our full year estimates. The group has seen strong volume
growth and rate increases in its International Telecoms and Open Market
businesses and steady progress in the UK Managed Accounts and
permanent placement businesses. Non-UK businesses now account for over
40% of group net fee income. The integration of the MSB acquisition is
complete and the group is pursuing its strategy of international expansion
and focusing on higher value business in the UK.
Group revenue decreased by 5.4% in the half to £83.1m, against our
estimate of £86.9m, as the group continued to reduce its exposure to the low
margin business that was acquired with MSB. This was more than offset by
the improvement in gross margin. Net fee income was up by 4.8% at
£12.7m, against our estimate of £12.2m. Gross margin improved from 13.8%
to 15.3%, with the International Telecoms operation reporting a rise from
20.1% to 22.2%. The strategic focus on higher margin activities has been a
key factor for the management during the period, and International Telecoms
now accounts for 33% of net fee income, with IT Open Market and IT
Managed Accounts both at 22% and IT Permanent at 13%. In total,
permanent recruitment accounted for 19% of group net fee income and the
company has seen slower growth in this activity in recent months.
Operating profits before amortisation of goodwill, share-based
payments and one-off charges increased by 10.2% from £2.97m to £3.27m, against our estimate of £3.14m. Net interest declined from £0.907m
to £0.564m as continued strong cash flow resulted in a net debt reduction
from £18.3m at the year end to £17.04m. The post tax contribution from joint
ventures was flat at £0.24m due to continued investment in headcount made
by the Middle Eastern and Dubai JV companies.
Adjusted profit before tax was up 21% at £3.05m and fully-diluted adjusted
EPS rose by 15% to 2.13p compared with our estimate of 1.93p. The second
half of the year has started well, with trends very similar to those seen in the
first half, although permanent placement activity has slowed slightly. The
company is confident that it will grow in the second half and expects
headcount to be up by around 5% on the 1H08 level of 284. On our FY2008
EPS estimate of 3.88p, the shares are trading on a very undemanding 4.8x
earnings, which is a significant discount to the closest peers, Spring Group
on 12.1x FY2008 earnings and Sthree on 7.0x. We reiterate our BUY stance
with a target price of 60p.
[/quote]

Anna Faelten
Rivington Street Holdings

anna faelten
15/9/2008
16:52
Hey All, note on NWKI from Seymoure Pierce.



Quote:
--------------------------------------------------------------------------------

Networkers 3,5 (BUY) - Positive 1H08 results
NWKI.L 20p (Target Price 60p)
The 1H08 results from Networkers International exceeded our forecasts and provide scope for a full year upgrade. The group has seen strong volume growth and rate increases in its International and Open Market businesses and steady progress in the UK Managed Accounts and Permanent businesses. Non-UK business now accounts fro over 40% of group net fee income. The integration of the MSB acquisition is now complete and the group is pursuing its strategy of international expansion and focusing on higher value business in the UK.
Group revenue decreased by 5.4% in the half to £83.1m, against our estimate of £86.9m, as the group continued to reduce its exposure to the low margin business that was acquired with MSB. This was more than offset by the improvement in gross margin. Net fee income was up by 4.8% at £12.7m, against our estimate of £12.2m. Gross margin improved from 13.8% to 15.3%. The strategic focus on higher margin activities has been a key factor for the management during the period.
Operating profits before amortisation of goodwill, share-based payments and one-off charges increased by 10.2% from £2.97m to £3.27m, against our estimate of £3.14m. Net interest declined from £0.907m to £0.564m as continued strong cash flow resulted in a net debt reduction from £18.3m at the year end to £17.04m. The post tax contribution from joint ventures was flat at £0.24m due to continued investment in headcount made by the Middle Eastern JV company.
Adjusted profit before tax was up 21% at £3.05m and fully-diluted adjusted EPS rose by 15% to 2.13p compared with our estimate of 1.93p. On our FY2008 EPS estimate of 3.88p, the shares are trading on a very undemanding 4.8x FY2008 earnings, which is a significant discount to the closest peers, Spring Group on 12.1x FY2008 earnings and Sthree on 7.0x. We reiterate our BUY stance with a target price of 60p.




--------------------------------------------------------------------------------




I should declare that NWKI is a corporate client of Rivington Street Holdings (RSH), for whom I work, but I thought this note might be of interest.

Anna Faelten
Rivington Street Holdings

anna faelten
03/7/2008
12:08
Share price still sliding inline with peers in the staffing sector. Down to 18/20p now.
snappy
22/5/2008
13:21
Their debt burden could become a problem if their core markets slow down too much and activity levels drop.

Net debt is very high so probably worth avoiding these for the time being until there is much better visibility on just how much of a slow down is going to take place in the UK.

snappy
05/6/2007
17:27
joeall , thanks. I do use sharecrazy but it does not have much for directoral holdings. The best that I have is the 3 old directors have about 160,000 each at mid 2005 (pre N Wray I think). This shae does not seem to be very dramatic.
hazelton
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1

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