Newmark Security Share Discussion Threads

[maytrees] 27/10/2022 11:59

Is it always so difficult to buy NWT?

Limit and buying online n/a. Eventually AJ Bell bought some for me. Presumably selling will be slightly more easy?

[russman] 26/10/2022 02:51

if it passes its audit unqualified.

[hedgehog 100] 22/10/2022 20:13

As regards a takeover value for NWT, I would think that somewhere in the range of 50p to 100p / share would be most likely.

I.e. at least double its current 25.5p, and possibly treble or quadruple.

[hedgehog 100] 22/10/2022 20:04

NWT's last placing was over seven and a half years ago.

And even that was a placing of pre-existing shares, not new shares.

And moreover, at a 'old' price of 2.6p/share (in 2015), which equates to a 'new' price 130p/share consolidation-adjusted.

This highlights how NWT is a business of real quality and substance, not just one of the numerous AIM penny share 'rubbish' companies reliant on 'greater fool' funding to keep them going ... until such time as the money dries up.

NWT is a company that you would expect other business to be seriously interested in buying at greater than its current s.p.

Whereas with some other AIM shares, businesses might rather prefer to pay NOT to own them, as they are just liabilities.

The more time that elapses, the more likelihood I think that NWT are engaged in takeover talks (i.e takeover of NWT).

This I should stress is pure speculation on my part though, & I may be completely wrong.

Either way, we should soon find out.


17/03/2015 11:25 UK Regulatory (RNS & others) Newmark Security PLC Placing of 65,595,283 Existing Ordinary Shares LSE:NWT Newmark Security Plc

"Newmark Security plc (AIM:NWT), a leading provider of electronic and physical security systems, is pleased to announce that Cantor Fitzgerald Europe has placed 65,595,283 existing ordinary shares of 1p each, representing 14.56% of Newmark's issued share capital, with new and existing institutional investors at 2.6p per share. The shares have been placed on behalf of various members of the Reid family and associates thereof ("Reid Family"), to help satisfy continuing institutional demand (the 'Placing').

Following this Placing, the Reid Family remains beneficially interested in 66,000,000 ordinary shares, which represents 14.65% of the issued share capital of the Company.

Commenting on the Placing, Marie-Claire Dwek, CEO, said: "I believe this is a positive development for the Company as it improves both the liquidity of the shares and builds upon our existing institutional shareholder base."

The Reid Family also commented: "We wish it to be known that we have every confidence in the strategy of Newmark and in the management of the Company. As such, the family is not inclined to effect any further sale of securities over the short to medium term.""

[mjcferguson] 16/10/2022 15:18

I agree HH,trading update will be very important in share price direction.

[hedgehog 100] 16/10/2022 14:42

Mj,

The results should certainly be accompanied by a trading update for the period since the year end, which the way things are going could cover virtually all of the current half year!

And it's this trading update which should be of more interest that the results themselves, as we were told what to broadly expect results-wise in the 24th. May year-end trading update.


NWT haven't actually given a date when they will announce their full year results for the year to 30.4.22, and under AIM rules they have until the end of October to announce them, so they are not actually late as such.

But they are later than in recent years, and later than people were expecting.

Though there may be nothing in this.

Paul Campbell-White joined Newmark as Chief Financial Officer on 6th. September last year, four days before the final results were announced, so the imminent finals results will be his first that he's really prepared.

So it shouldn't be a surprise that they're being issued later than last year.

Or there may be something else going on that we are unaware of at the moment.

I personally am optimistic, because all the research I have done indicates to me that the company is doing relatively well for the current conditions, and as such the business is worth far more than it's current share price.

But it may be that uncertainty about the results is holding the share price back at present.


It's also over three months since NWT non-executive director Robert Waddington resigned (for personal reasons - he's in his early 80s) on 6th. July, although he actually left on 8th. September.

NWT don't seem to be any rush to replace him.

[mjcferguson] 15/10/2022 10:57

nearly six months since the year end and no results,maybe they plan to give us the results for the six months to October at the same time!

[hedgehog 100] 29/9/2022 15:15

Hedgehog 100 17 Sep '22 - 20:23 - 5096 of 5099 Edit 0 0 0
" ... There's also the 'blue sky' possibility of a takeover of NWT ... and such takeovers are sometimes announced in tandem with a company's results."


Last month, RPS unveiled such a takeover alongside its interim results:-

09/08/2022 07:00 UK Regulatory (RNS & others) RPS Group PLC Interim Results LSE:RPS Rps Group Plc
09/08/2022 07:00 UK Regulatory (RNS & others) WSP Global Inc. Offer for RPS Group plc LSE:RPS Rps Group Plc


And today, ATQT has done the same thing:-

29/09/2022 07:00 UK Regulatory (RNS & others) ATTRAQT Group PLC Half Year Results LSE:ATQT Attraqt Group Plc
29/09/2022 07:00 UK Regulatory (RNS & others) Crownpeak Technology, Inc. Recommended Acquisition of Attraqt LSE:ATQT Attraqt Group Plc

The company is today's top gainer, with a rise of 66% to 29p:-

LSE % Gainers Top Lists
EPIC Name %
ATQT Attraqt +66%


Attraqt (ATQT):-

[hedgehog 100] 24/9/2022 13:39

Weak sterling has already seen a recent succession of North American predators snapping up British companies.

So I would fully expect this trend to continue.

And while it's the big companies that tend to attract the headlines, small companies of course get acquired too.

And the premiums paid can be even bigger than with big companies.


"Micro Focus agrees Open Text takeover at 99% premium in new blow to UK tech space

26 August 2022, 11:58

- UK’s 6th largest tech company agrees $6 billion Canadian takeover

- Shareholders call time on five years of share price declines

- Latest in lengthening list of UK tech exits despite Government pledges

Enterprise software firm Micro Focus (MCRO) has agreed to be taken over by Canadian company Open Text (OTEX:NASDAQ) in a $6 billion cash deal.

Ontario-based company is offering 532p per Micro Focus share, a 99% premium to Thursday’s closing price.

After five years of share price declines, Micro Focus shareholders can be forgiven for snapping Open Text’s hand off. The 2017 merger with HP Enterprise’s software arm was a massive error in judgement and has cost shareholders billions in lost equity value, and the company nearly 50 years of independence.

As the UK’s sixth largest software company, losing Micro Focus is another blow to the UK’s shrinking large cap tech space.

UPSURGE IN UK TECH EXITS

This week saw speculation emerge that engineering software firm Aveva (AVV) will be swallowed by its 59% majority owner, Schneider Electric (SU:EPA). With cybersecurity peers Darktrace (DARK) and Avast (AVST) respectively mulling and closing deals with Thoma Bravo and NortonLifeLock (NLOK:NASDAQ), it means if all of these deals close, the UK stock market will lose its second, third, and sixth biggest software stocks by market value.

£1.2 billion healthcare tech firm Emis (EMIS) is also in negotiations after receiving an offer from UnitedHealth (UNH:NYSE).

So much for the Government’s empty promises of unleashing London’s equity markets to attract big tech companies. Some investors are still reeling from the short-sightedness that saw Cambridge’s microchip designs champion Arm Holdings flogged off to foreign owners. ..."




Micro Focus (MCRO):-

[hedgehog 100] 24/9/2022 13:00

Hedgehog 100 10 Sep '22 - 13:28 - 5089 of 5097 Edit 0 0 0
" ... The strengthening US dollar, compared to sterling, is great news for NWT, in three ways:-
1. Becomes cheaper to sell to America.
2. Value of NWT's US revenues is increased per dollar.
3. NWT becomes a cheaper takeover target for a US predator. ..."


1 Year Sterling vs US Dollar Chart:-




And this great benefit to NWT is increasing, and looks set to continue to do so for quite some time:-

"Larry Summers Warns Pound May Tumble Below $1 on ‘Naive’ UK Policies

By Chris Anstey
23 September 2022 at 14:13 BST Updated on 23 September 2022 at 16:05 BST

Former Treasury Secretary Lawrence Summers blasted the economic policies being adopted by newly installed UK Prime Minister Liz Truss, saying they’re creating the circumstances for the pound to sink past parity with the US dollar.

“It makes me very sorry to say, but I think the UK is behaving a bit like an emerging market turning itself into a submerging market,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin. “Between Brexit, how far the Bank of England got behind the curve and now these fiscal policies, I think Britain will be remembered for having pursuing the worst macroeconomic policies of any major country in a long time.”

Truss’s government has set out the most radical package of tax cuts for the UK since 1972, reducing levies both on worker pay and companies in an effort to boost the long-term potential of the economy. Economists are concerned the package is unaffordable and will trigger a currency crisis over concerns about rising debt.

The pound on Friday slumped to its weakest since 1985, trading at $1.0908 as of 3:52 p.m. in London.

“It would not surprise me if the pound eventually gets below a dollar, if the current path is maintained,” said Summers, a Harvard University professor and paid contributor to Bloomberg Television. “This is simply not a moment for the kind of naïve, wishful thinking, supply-side economics that is being pursued in Britain.”

The former Treasury chief also flagged dangers with a surging dollar, which is adding to inflationary pressures for countries around the world and increasing pressure on overseas borrowers that have issued debt in the US currency. He also indicated that dollar appreciation -- fuelled by the Federal Reserve’s shift to a more aggressive path of interest-rate hikes -- may continue.

Dollar Pain

“This is going to be an issue that is going to be with us for some time,” Summers said. “Countries are going to have to be adjusting to a very strong US dollar,” and it will complicate macroeconomic management in may economies, he said. ..."

[hedgehog 100] 19/9/2022 20:01

Friday's NWT volume of just over 100,000 shares traded (over 1% of the shares in issues) was actually the highest daily volume for over two years.

But it looks like the selling has probably now cleared: an odd-sized large sale (as on Friday) often marks the last of a holder's stocks.

Is there a better value stock on the London Stock Exchange than NWT?

Certainly not that I'm aware of.

Fair value would probably be at least double the current share price of 25p ... not accounting for further potential upside as newsflow progresses.

[hedgehog 100] 17/9/2022 20:23

Price Change % Change Share Price Shares Traded Last Trade
-6.00 -19.4% 25.00 100,206 12:47:15

A rather strange fall in NWT's share price yesterday, to end the week, to its previous all-time closing low of 25p (previously reached this April).

Looks like a 'distressed seller' has dumped their stock at/near an all-time low.

There's been quite a lot of this 'stupid selling' this year, and the likelihood is that the seller will be even more 'distressed' soon, when NWT rebounds.

At a market cap. of just £2.34M., and expected revenues for the year ended 30.4.22 of c. £20M., this looks to be quite extraordinary value.

The directors are probably gutted that they can't take advantage, being in the close period ahead of the final results.

That's where retail investors have the advantage.

The seller can only sell once, and one the cheap share are hoovered up (a process which started yesterday afternoon), they're gone.

It's been well flagged up that NWT has made a loss last year, but the company should move back into profit as we emerge from the pandemic, and any sign of that and a rapid return to 60p+ looks well in order.

There's also the 'blue sky' possibility of a takeover of NWT ... and such takeovers are sometimes announced in tandem with a company's results.

[davidosh] 15/9/2022 01:21

H100...That is very interesting. I wish he would sprinkle some magic dust on this one.

I remember selling Ashtead far too early in about 2012 and never bought back in sadly

[hedgehog 100] 14/9/2022 20:57

The poster villyvilson created this thread, one of just two threads he has created in his twenty years on ADVFN.

And the majority of his posts in the last ten years have been about Ashtead Group (AHT):-



And interestingly, AHT has been a crackingly good performer.

AHT traded as low as 2.5p in mid March 2003.

And AHT is now 4,277pp, and it traded as high as 6,450p last November, making it a 2,500-bagger low to high: a real millionaire-maker if ever there was one.


Ashtead Group (AHT):




Could this perhaps bode well for NWT?

Nothing is guaranteed of course, but Villyvilson's identification of AHT's bullish potential just might be a sign of very shrewd judgement on his part.

[russman] 12/9/2022 17:34

Still too small for the HQ overhead. NWT needs to bulk up or sell up.

[hedgehog 100] 11/9/2022 14:20

09/09/2019 07:01 UK Regulatory (RNS & others) Newmark Security PLC Update on appointment of new Finance Director LSE:NWT Newmark Security Plc
"Newmark Security plc (AIM: NWT) is pleased to announce that it will be appointing Graham Feltham as Group Finance Director and Company Secretary. ...
Graham spent approximately five years at StatPro Group plc, an AIM listed Software development group, as European Financial Controller and Group Financial Controller, where he managed the external financial reporting and performance and analysis teams. Following StatPro, Graham spent over four years as Group Financial Controller of Safetykleen Group, a private equity owned group specialising in a recurring book of business in surface cleaners and with annual revenues of over GBP235 million. Graham played a key role in the sale of Safetykleen by Warbug Pincus to APAX Partners for GBP800 million in 2017. ..."



Graham Feltham, who was recently NWT's Group Finance Director for nearly two years, previously spent five years in senior roles at AIM-listed StatPro (SOG).

And interestingly, SOG was taken over three years ago by a US predator, at a huge premium:-

"Confluence Acquires StatPro, Global Portfolio Analytics Solution and Data Provider

Acquisition provides global expansion opportunity, broader range of solutions and advancement of Unity® Performance into the cloud

October 29, 2019 06:33 ET | Source: Confluence

... Confluence has acquired the entire issued and to be issued ordinary share capital of StatPro in an all-cash offer of approximately £161.1 million (over $207 million USD). The transaction brings together two highly complementary businesses to create a leading supplier of front, middle and back-office solutions to asset managers and administrators. ..."




The acquisition price of £161.1M. was 5.7 x SOG's most recent half year revenues:-

"Interim results RNS Number : 2777H StatPro Group PLC 31 July 2019
... StatPro Group plc, (AIM: SOG, "StatPro", "the Group"), a leading provider of portfolio analysis and asset pricing services for the global asset management industry, has published its interim results for the six months ended 30 June 2019.
... Group revenue up 3.7% to £28.25 million (2018: £27.24 million) ..."




Statpro (SOG):-

[hedgehog 100] 11/9/2022 12:21

NWT's final results, for their year ending 30.4.22, should be announced very soon, based on the timescale of the last few years.

Perhaps even this coming week.

10/09/2021 07:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc

09/09/2020 07:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc

19/09/2019 07:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc

03/10/2018 16:12 UK Regulatory (RNS & others) Newmark Security PLC Preliminary Results for the year to 30 April 2018 LSE:NWT Newmark Security Plc

14/09/2017 07:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc

[hedgehog 100] 10/9/2022 15:07

"18 Aug, 2022 13:01 Home Business News

EU gas prices seven times higher than in US – CNN

... The United States has stepped up its exports of LNG to Europe in an effort to mitigate the impact of declining flows from the continent’s major natural gas supplier, Russia.

“Every spare molecule we can find, we are shipping to the Eurozone,” Robert Yawger, vice president of energy futures at Mizuho Securities, said.

European gas prices have quadrupled since the start of the year on thinning Russian flows. This week, the cost of gas futures on the TTF hub in the Netherlands exceeded $2,600 per thousand cubic meters for the first time since March. Prices are forecast to spike 60% this winter, exceeding $4,000 per thousand cubic meters."




NWT's substantial US business also gives it more protection from the European energy crisis, as unlike the EU the US is energy self-sufficient.

And NWT's business and customer base are not energy-hungry, and the safety and security business is more resilient to recession than many.


"United States energy independence

From Wikipedia, the free encyclopedia

... In total energy consumption, the US produces more energy than it uses. ..."

[hedgehog 100] 10/9/2022 13:28

"Chart of the Day 8 September 2022

The pound has fallen to a 37-year low against the dollar

After Liz Truss’s first full day as Prime Minister, the pound sank to its lowest level against the US dollar since 1985.

By Ben van der Merwe

Liz Truss’s first full day as Prime Minister coincided with a foreboding record in the currency markets. As Truss prepared to announce her plan to tackle soaring energy bills, expected to be funded through more than £100bn in government borrowing over the next 18 months, the pound sank to its lowest level against the US dollar since 1985.

The latest exchange rate published by the Bank of England, $1.1467 per pound sterling on 7 September, is lower than the depths plumbed during the turbulent first weeks of the Covid-19 pandemic in 2020, and far lower than anything experienced during the 2008-09 financial crisis.

Though the pound briefly fell to $1.1492 in March 2020, it stayed below $1.17 for only a single day. As of 7 September, the pound has remained below that benchmark for seven consecutive working days.

The pound has lost 15 per cent of its value against the dollar so far this year, and 29 per cent of its value since the UK voted to leave the European Union in June 2016.

A weaker pound makes it cheaper for American consumers to buy from the UK and more expensive for UK consumers to buy goods denominated in US dollars. A weaker pound is likely to be good news for companies that earn most of their revenues in dollars but bad news for those, such as manufacturing firms, more heavily reliant on dollar-denominated imports."




The strengthening US dollar, compared to sterling, is great news for NWT, in three ways:-
1. Becomes cheaper to sell to America.
2. Value of NWT's US revenues is increased per dollar.
3. NWT becomes a cheaper takeover target for a US predator.

This has already been reflected in NWT's interim results, where the HCM US revenues rose 62%, to £4.209M., accounting for 43.4% of NWT's £9.697 first half revenues.

And the substantial business that NWT conducts in the US also increases the chance of a US takeover, in two ways:-
1. Brings NWT on the radar screens of more American peers.
2. Makes it more attractive to a US predator wishing to expand domestically.


27/01/2022 07:00 UK Regulatory (RNS & others) Newmark Security PLC Half-year Report LSE:NWT Newmark Security Plc

" ... the strongest performance being from Human Capital Management sales in the US. ..."

"... Six months Six months
31 October 31 October Increase/ Percentage
2021 2020 (decrease) change
GBP'000 GBP'000 GBP'000 % ...

HCM US 4,209 2,605 1,604 62%
HCM ROW 1,249 1,534 (285) (19%) ..."

[russman] 21/7/2022 07:15

The Chairman needs to be be decisive with this year's Final Accts.
Their market landscape has changed & NWT is too small to weather the storms.
It is a family business but also his pension pot.
Strip the HQ overheads & listing fees out and more value would appear.

[hedgehog 100] 12/7/2022 13:12

12/07/2022 07:00 UK Regulatory (RNS & others) Synectics PLC Half-year Report LSE:SNX Synectics Plc
" ... Interim results for the six months ended 31 May 2022
Synectics plc (AIM: SNX) , a leader in the design, integration and support of advanced security and surveillance systems, reports its unaudited interim results for the six months ended 31 May 2022 ("H1 2022").
Headlines
-- Substantial profit turn-around against same period last
year - profit before tax GBP0.5 million (H1 2021: GBP(0.8)
million loss)
-- H1 2022 revenue GBP22.8 million (H1 2021: GBP22.0 million) ..."


27/01/2022 07:00 UK Regulatory (RNS & others) Newmark Security PLC Half-year Report LSE:NWT Newmark Security Plc
"Interim Results
for the six months ended 31 October 2021
Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, is pleased to announce its unaudited interim results for the six months ended 31 October 2021 ("H1 FY22").
HIGHLIGHTS
Financials
-- Revenue increased by 23% to GBP9.7m (H1 FY21: GBP7.9m) ..."



Based on their latest half year results, the annualised revenues of SNX & NWT are:-
SNX: £45.6M.
NWT: £19.4M.

Whereas their current market capitalisations are:-
SNX: £18.24M. (at 102.5p)
NWT: £2.77M. (at 29.5p)

If NWT were to trade at the same revenues multiple as SNX (which itself looks cheap), i.e. 0.4, this would equate to a market cap. for NWT of £7.76M., i.e. c. 82.6p.

NWT's coming final results, for its year ending 30.4.22, could potentially provide a catalyst for a re-rating upwards.

[hedgehog 100] 12/7/2022 11:44

Positive news today for the security systems sector from Synectics (SNX), which bodes vey well for NWT:-


"Market Report

Market Movers

Nick Fletcher
11:00 Tue 12 Jul 2022

Synectics moves into profit as markets improve

A look at the major movers on the London market on Tuesday

Synectics (AIM:SNX) has moved out of the red in the first half of the year after an improvement in most of its markets.

It has turned a £0.8mln loss into a £0.5mln profit, with revenues edging up from £22mln to £22.8mln.

The company said it expected a further improvement in the seasonally stronger second half.

It said: "Activity levels in the major end-user markets that Synectics (AIM:SNX) serves generally continued to gather momentum as markets severely affected by the pandemic began their recovery, particularly in oil & gas and US gaming.

"That recovery is, as yet, less evident in casinos and gaming resorts in Asia-Pacific where leisure travel has remained subdued."

Chief executive Paul Webb added: "A strong team performance has delivered a substantial turnaround in profits despite challenges in the supply chain, and with some end markets still subdued. We expect this trajectory of revenue and profit growth to continue in the second half of this year and beyond."

Its shares are 9.73% better at 104.24p. ..."




"In brief

Synectics PLC is listed on the UK AIM market and has over 500 employees worldwide. Synectics is a leader in the design, delivery and management of integrated security and surveillance systems. We achieve this by focusing on large integrated security systems and solutions that deliver added value to our customers through our ability to innovate, integrate and protect people, property and assets in key customer sectors - oil & gas, gaming, Infrastructure & high security, transport and public space."




Synectics (SNX):

[seangwhite] 09/7/2022 22:23

Another mate of Dweks who has stood aside while Marie drives the share price lower month by month