Newmark Security Dividends - NWT

Newmark Security Dividends - NWT

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Newmark Security Plc NWT London Ordinary Share GB0006596406 ORD 1P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
0.05 3.23% 1.60 1.55 1.60 1.55 1.55 12:28:44
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Industry Sector

Newmark Security NWT Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

mjcrockett: You are right David this is indeed Thalassa Holdings which is Listed on the London Main Market (and also in Luxembourg). Thalassa is an unconventional outfit and Newmark may not be too keen to have them as shareholders. They are registered in the British Virgin Islands and run by their founder and Exec Chairman, Duncan Soukup along with two non-execs. Thalassa recently sold their main operating subsidiary and have over £10 million in cash which it is looking to find a home in new investment subsidiaries. In Thalassa's most recent results it compared itself to Berkshire Hathaway in that it would not overpay for investments. To date, Berkshire Hathaway's investment record is somewhat better than Mr Soukup's. Thalassa's investment in Newmark has certainly been a boost for the share price and it is encouraging that Thalassa see obvious value here but they are nothing like a nice, supportive institution. MJ
the real stan: Yes but the share price isn't going to move much until the company starts talking to investors!
mjcferguson: Financial year end has just passed.It would be great to have some sort of trading update rather than have to wait the usual four months or so for the final results,especially as the interims showed promise. A bit more info from the company would hopefully stir interest in the share price,especially if it was positive.
blindboy1: I'm hopeful the outlook will be stated to be positive and that a reduced dividend will be paid which will still be a decent yield against current share price. At least we didn't get an adverse trading statement this July before the full year results for April 17, like we did last year. So cautiously optimistic the future will start looking a little rosier.
wexboy: Newmark Security (NWT:LN) (2.4% of current portfolio): Share Price: GBP 1.45p Market Cap: GBP 6.8 Million A special situation…which actually obscures an underlying growth story. While these trading updates (here & here) have crucified the share price, Newmark’s electronic division still looks like the real problem here. For almost a decade now, revenue’s unchanged, while divisional margins declined relentlessly – from 20-23%, to a £(0.5) million loss today. Poor return on capital was bad enough, but losses kill any argument for keeping the division. And after 4 years as CEO, shareholders presumably have little confidence Marie-Claire Dwek can still deliver a turnaround – and her hands are now full dealing with the larger asset protection division. Noting Chairman Maurice Dwek always ran a tight ship here, the situation appears untenable – something’s gotta give… Presuming an eventual sale, a larger competitor could easily wring 10-15%+ margins from this division – achieving a 0.5 Price/Sales multiple (i.e. £3.8 million) seems reasonable. [And noting net assets of £5.1 million, it also looks salvageable in a wind-down/piece-meal sale]. Who knows what the FY-2017 result will be, but let’s assume 50% of said consideration ends up incinerated, in terms of a once-off net loss (in reality, I suspect a working capital reversal will mitigate cash losses). Such a scenario would imply £6.2 million of cash, close to the current market cap…tagging NWT as a possible target. It also implies a negligible 0.04 Price/Sales multiple for an asset protection division that’s averaged £13.3 million revenue pa in the past 4 years & boasts average (pre-impairment) margins of 22%+ (nearer 14%, inc. un-allocated corporate expense). It also grew revenue 17% pa & 10% pa in the last 5 & 10 years, presenting a ridiculously cheap growth opportunity. [Plus, I believe this growth trajectory confirms management’s assertion a poor FY-2017 result will prove nothing more than a timing issue, in terms of an eventual sales payoff]. As for Newmark’s cash, using it to fund share buybacks & bolt-on acquisitions would also add substantial shareholder value. [It also justifies maintaining the dividend – a 6.9% yield offers compelling support]. Meanwhile, my marked-down position size looks about right…’til we finally see some kind of sensible/decisive capital allocation here from the CEO/board. For this & other top picks, check/Google my latest 'Top Trumps For 2017...' post on the Wexboy investment blog.
cockerhoop: Apols, must have got confused with my links :-) Some comment this morning by the Wexboy blog regarding 2016 performance and MCD 'Having already identified the electronic division as a millstone, with a decade-long history of stagnant revenue & declining profits, I presumed management would be forced to aggressively rationalise, liquidate, or otherwise dispose of this business. This would have freed up more surplus cash, and just as importantly, re-focused management’s attention on the more valuable (but more volatile) asset protection division. But so far, management’s dug its heels in, continuing to allocate disproportionate time & assets to the electronic division, despite the fact it’s now loss-making (to the tune of £0.5 million). Which I suspect took management’s eye off the ball elsewhere – as a result, NWT now expects a loss this financial year, due to a revenue/profit shortfall in the asset protection division (which hopefully proves a timing/sales pipeline issue ultimately). Despite a cheap market valuation, the share price reaction was exacerbated by the CEO, who’s (laudably) sales-driven, but perhaps not yet experienced enough to actually under-promise & over-deliver…'
lionelh: Precipitous fall in share price (now 1.75, minus 30%+),since I last looked, for a company that appears in good health? Any explanations anyone? Are we looking at pending poor results, Brexit affected like AUK?
ted1066: If my maths is correct, for share price @ 3.85, Pe now = 8, Divi = 2.6% with Net cash of 3.95m So just bought some more.
oregano: or take the view that 4.8p was not the right price to start with. NWT has very volatile profits dependant on large contracts, which is has never attracted a high multiple. Don't forget there is one more large placing around the corner which will keep a lid on the share price.
jamielein: I decided to sell at 4.4p this morning after such a good run, and expectations of lower profits this year. It was probably a mistake given the share price rise immediately after my sale! (Some of the trades at 4.4p were sells this morning as I was quoted 4.4p to sell when the spread was 4.3p - 4.4p) Good luck to all holders, although I'd rather the share price does nothing for a while before rising for all of you, because that would make me feel better about my sale!
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