Networkers International Share Discussion Threads

[battlebus2] 13/1/2014 10:42

Ticking up with trading statement in the morning maybe.

[hastings] 09/1/2014 07:58

Agreed, sector looks to be doing well. Hopefully NWKI will keep up the trend and see the shares kick on again.

[battlebus2] 09/1/2014 07:48

Great update from Hays this morning bodes well in general for the sector.

Growth in net fees for the quarter ended 31 December 2013 (Q2 FY14)
(versus the same period last year)

Growth
Actual
LFL(1)
By region



Asia Pacific
(18)%
(9)%

Continental Europe & Rest of World
8%
5%

United Kingdom & Ireland
10%
10%

Total
1%
3%




By segment



Temporary
1%
3%

Permanent
0%
4%
Total
1%
3%


Highlights

· Solid Group performance with continued improvement in conditions across several markets
· Perm outperformed Temp for the first time since Q4 FY11
· Strong, broad-based growth of 10%(1) in UK & Ireland driven by accelerating growth in the private sector, notably in Accounting & Finance and Construction & Property
· Solid growth of 5%(1) in Continental Europe & Rest of World with growth of 5%(1) in Germany
· Asia Pacific net fees decreased by 9%(1). Australia remained challenging and net fees decreased by 17%(1). Asia delivered excellent net fee growth of 28%(1)
· Group consultant headcount was flat during the quarter but increased by 2% year-on-year

Commenting on the Group's performance, Alistair Cox, Chief Executive, said:

"This is another encouraging quarter. In the UK, growth accelerated as we saw improved client and candidate confidence and we delivered a strong performance in all regions and specialisms. Around the world, 17 countries grew by more than 10%(1) and six countries, including Germany and Japan, achieved record monthly net fee performances in the quarter. We continued to see market conditions improve in several parts of the Group as the quarter progressed, most notably in the UK and Asia.

As ever, activity levels at the start of the New Year will be an important driver of the Group's second half performance. We remain focused on increasing consultant productivity and investing to capitalise on areas of opportunity to deliver further profitable fee growth and a strong cash performance during the second half of our financial year."

[cheshire man] 06/1/2014 12:08

Took advantage of the dip and topped up end of last week,,,,

[battlebus2] 06/1/2014 08:23

Thanks for the link hastings, starting off in the right direction this morning.
Next news this month.

[speedsgh] 03/1/2014 14:01

Nice little tick up today. Technicals are well oversold so hopefully the start of a prolonged move up prior to the trading statement due mid-Jan.

[speedsgh] 19/12/2013 15:13

Bit of weakness here recently but it was due a breather, I suppose, after its rapid rise from 35p area so hopefully it's just consolidating. Trading statement due mid-Jan.

[battlebus2] 12/12/2013 08:07

We've been named one of the most influential leaders in the Mexican Energy & Engineering industry
Published about 17 hours ago by Gareth Jones

Oil & Gas industry magazine 'Petroleo & Energia' recently featured Networkers International in its '100 Líderes más influyentes del sector energético en México 2013' (100 most influential leaders in the energy sector in Mexico 2013).

Within this list, we rubbed shoulders with other well-known Mexico-based businesses such as Alstom Mexicana, Shell Mexico and Siemens Mesoamerica.

A well-known and respected magazine in the industry, Petroleo & Engergia's annual top 100 names the biggest and best companies in the country over the past year. Making it onto the list not only recognises businesses' achievements but also guarantees great exposure to a whole host of experts who regularly read the magazine.

Mathias Mieville, Regional Director of Latin American says: 'I'm really proud that we've been named as one of the most influential companies in Mexico in 2013. Not only are we being recognised for the hard work we do across Latin America but we're also the only recruitment agency to make it onto the list. It's a great way to end the year and hopefully will lead to a lot of new business opportunities.'

[hastings] 19/11/2013 11:48

Latest forecast on the economy should aid sentiment on this sector, particularly for NWKI I would have thought.

[battlebus2] 14/11/2013 07:35

Indeed playful, from what i've seen your performing well :))

[playful] 13/11/2013 23:03

I wish all my stock picks performed like this...

[shauney2] 13/11/2013 12:12

I thought we may have a sell off around the 50p mark so pleasantly surprised.
Not much stock available which is helping.Maximum 1500 0nline at the moment.

[speedsgh] 13/11/2013 11:40

NWKI is the only blue among a sea of red in my pension portfolio today. Chart here looks great. Slowly making up ground on the pack.

[hastings] 12/11/2013 11:23

Yes looking pretty solid battlebus and still significantly discounted to other players.

[battlebus2] 12/11/2013 10:32

It's taken a while but it's great to see us through that 50p barrier and on to new highs hopefully.

[battlebus2] 08/11/2013 17:37

Yes they are Nurdin but they seem confident on winning.

Networkers International plc (the "Company" or the "Group") Litigation update Background
During 2006, three individuals filed a complaint for unspecified damages against a separate limited liability company operating overseas, managed by the Group, alleging that they were improperly classified as independent contractors rather than employees and are due additional payments for violations of wage and hour laws including those governing overtime pay, rest breaks, and meal breaks principally during the period 2005 and 2006. Details of this complaint were set out in the admission document published by the Company in 2006 and in subsequent annual reports and the 2012 interim statement.
The claim was styled as a class action but the trial court ruled in favour of the company and denied class certification in 2007. The court of appeal affirmed the denial of class certification in 2009. The case was then put on hold pending the outcome of a lead case that was heard this year. The case was then referred back to the court of appeal to consider in light of the lead case outcome.
Update
The board of the Company (the "Board"), based on legal advice, continues to believe that the company has a strong defence to all claims. However, on 12 December 2012, the California court of appeal overturned its original favourable decision and ruled that certain limbs of the claim could be certified as a class action. The company is considering whether or not to pursue an appeal in respect of this decision.
This recent ruling did not consider the merits of the case which will only be considered if the case proceeds to trial. Should the case proceed to trial, it is likely to be heard during 2015.
Notwithstanding that the Board continues to believe, based on legal advice, that the overseas company has a strong defence to all claims, it considers it prudent to make a further exceptional provision of £1.0 million in the full year accounts for the year ending 31 December 2012, in addition to the £0.6m already provided. The Board believes that these provisions will cover all likely eventualities.

[nurdin] 08/11/2013 17:10

Arent they embroiled in some legal action in the USA?

[battlebus2] 08/11/2013 12:39

Yes thanks speedsgh.

[hastings] 08/11/2013 11:59

Cheers for that speedsgh. Certainly discounted to the rest of the sector. Will hopefully deliver some decent upside over the next year or two.

[speedsgh] 08/11/2013 09:37

On page 5 of Citywire daily email today...

Expert View special: nine small-caps set to shine -

Networkers International: undervalued

Recruiter Networkers International (NWKI.L) trades at an unwarranted discount to its bigger rivals in the same sector, Liberum believes.

The group specialises in telecoms, IT, energy and engineering recruitment, a sector the analysts said has yet to benefit from the rerating seen in the wider recruitment space.

'Sentiment is turning at key telecoms clients and the 4G roll out will provide a material benefit,' they said. 'With Michael Page on 25x Dec 14, Hays on 20x, Robert Walters on 35x, SThree on 26x and Staffline on 14x, paying 10x for Networkers looks like a steal.'

[battlebus2] 05/11/2013 08:06

Taken from another thread but NWKI gets a mention if you read to the bottom--
At - we rank every company out of 100 for its Quality, Value and Momentum using a blend of highly predictive quantitative factors. A composite of these three scores produces an overall ranking we call the 'QVM' StockRank which is designed to be predictive of future long term stock market outperformance. In the case of the Value Rank for instance, where Greenblatt looked only at earnings yield, the ValueRank also takes into account several other factors including price-to-book, price-to-earnings, price-to-free cashflow and dividend yield. In other words, it isn't relying on one individual ratio to define a company's likely valuation. Likewise in the case of the Quality Rank, rather than just looking at return on capital, the ranking tool looks at a host of other indicators spanning the quality of franchise, fundamental direction and financial safety.

If you apply the StockRank to those companies currently in the top 15% of the market in terms of their Magic Formula scores, you immediately lose a handful of potentially rogue stocks that crop up near the top of the standard Greenblatt list, among them a couple of small natural resources companies and a Chinese logistics business. Instead, you get a basket of predominantly small to mid-cap shares that are super charged Magic Formula qualifying companies with the added bonus of having positive share price and earnings momentum behind them. The additional momentum filter in the StockRank could act as an aid in further screening out the 'value traps' inherent in a value strategy such as this.

You can see the full list to this screening process here, which is topped by RM (LON:RM.), a company that has previously done extremely well in supplying IT kit as part of the PFI-funded Building Schools for the Future programme. With that programme now winding down, it's looking to improve the performance of its other divisions and the share price has responded with a gain of 50p to 115p since July. You can read Paul Scott's view on RM's balance sheet here.

Elsewhere, bolstering the Magic Formula with this filter makes no difference to companies such as defence contractor Cohort (LON:CHRT), oil and gas group SOCO International (LON:SIA) and equipment hire business Andrews Sykes (LON:ASY), which all rank highly on both sets of measures. Meanwhile, the introduction of high ranking StockRanks companies, sees retailers JD Sports Fashion (LON:JD.) and Halfords (LON:HFD) pushed up the list, as are recruitment firms Networkers International (LON:NWKI) and Harvey Nash (LON:HVN).

[battlebus2] 25/10/2013 12:08

Brokers target is 62p.