Newmark Security Share Discussion Threads

[hedgehog 100] 30/1/2023 11:56

30/01/2023 07:00 UKREG Newmark Security PLC Posting of Annual Report and Notice of AGM

Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, announces that its Annual Report and Accounts for the year ended 30 April 2022 as well as the notice of its 2022 Annual General Meeting ("AGM"), will be posted today to shareholders. Both documents will shortly be available on the Company's website, www.newmarksecurity.com.

The AGM is being held at 10:30 a.m. on Tuesday 28 February 2023 at Holmes Hotel, 83 Chiltern Street, London W1U 6NF. The Company requests that any shareholders intending to attend the AGM in person register their intention as soon as practicable by emailing [e-mail]. All shareholders are encouraged to vote electronically or to lodge a form of proxy in advance of the meeting.

Newmark Security Plc Tel: [phone]
Marie-Claire Dwek, Chief Executive Officer 0070
Paul Campbell-White, Chief Financial
Officer www.newmarksecurity.com
Allenby Capital Limited (Nominated Tel: [phone]
Adviser and Broker) 5656
James Reeve / Lauren Wright (Corporate
Finance)
Amrit Nahal (Sales & Broking)

About Newmark Security plc

Newmark is a leading provider of electronic, software and physical security systems that helps organisations protect human capital and provide safe spaces seamlessly and securely.

From our locations in the UK and US, we operate through subsidiary businesses positioned in specialist, high-growth markets.

We foster an open and inclusive work environment amongst our c.100 employees, serving hundreds of blue-chip customers.

Our product portfolio consists of Human Capital Management and Access Control Systems providing both hardware and software and physical security installations to various sectors.

Newmark Security plc is admitted to trading on AIM (AIM: NWT).

For more information, please visit: hxxps://newmarksecurity.com/

[hedgehog 100] 29/1/2023 15:00

Automatic doors servicing and maintenance looks like a major growth opportunity for Safetell.

And moreover, one which dovetails perfectly with NWT's strategy to generate a greater proportion of the Group's revenues from recurring services.


23/01/2023 07:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc

"... Physical Security Solutions division - Safetell - Diversifying our product portfolio ...

Demand for security products has normalised in recent months and our return to growth has already begun. Several delayed projects have now recommenced and demand for security products and services appears to have recovered to above pre-pandemic levels. This provides confidence that the business is well-positioned to achieve its ambitious growth strategy.

Product update

A strategic priority in our long-term plan is to grow service and maintenance work in the UK autodoor servicing market, estimated at twice the size of Safetell's traditional target markets. ..."




"AUTOMATIC DOORS

REPAIR AND MAINTAIN

DON’T REPLACE

Automatic Powered Pedestrian Doors with a security bias, and a repair, not replace, mentality."

"Safetell is the right choice for automatic doors.

Clients appreciate our reliable service and installation. Our engineers are security vetted, qualified and trained to safely work for locations such as banks, building societies, local authorities, and petrol forecourts.

We supply, install, we project manage and we service. As an independent installer we always provide the right product for the situation and the customer, rather than ourselves.

Safetell – quality, secure solutions."




"AUTOMATIC DOORS

We provide efficient and professional automatic door service and installation, supplying a range of products to suit a wide range of businesses. We champion a repair, not replace, mentality and utilise our many years of experience and expertise to deliver the very best value for our customers.

Of equal importance to selecting and installing the most suitable automatic door is the ongoing servicing and maintenance. We can provide customers with a reliable ongoing arrangement to ensure their doors are compliant to all necessary safety measures. Whether we have installed the doors or not, we are happy to undertake any necessary servicing and maintenance including repairs.

Our maintenance is in line with the original equipment manufacturers recommendations. Increasing the life, value and performance of your automatic door system and includes a cost-effective programme of regular inspections and a prompt repair service when applicable to keep it SAFE.

We are an ADSA (Automatic Door Suppliers Association) accredited company. Our Engineers are ADSA trained and qualified, conversant with BS EN16005."

[hedgehog 100] 29/1/2023 12:33

Another strongly positive regulatory driver for NWT:-

"Global Automatic Door Market Trending Upwards, EN 16005 Demands Annual Maintenance
JANUARY 19, 2023"


"Global Automatic Door Market Trending Upwards, EN 16005 Demands Annual Maintenance

The global automatic door market is predicted to grow in all segments over the next five years, according to multiple reports. The widely-adopted EN 16005 directive also means building owners must ensure their doors meet stringent safety standards.

Since 2013, building owners have been subject to regulations around automatic doors that are used by the public. The directive, known as EN 16005, applies to all European Committee for Standardization countries, including major European economies such as the UK, Germany, France, Italy, and Spain.

What does the EN 16005 directive cover?

EN 16005 covers all new power-operated doors installed after 10th October 2012 used for normal access, in escape routes and as fire resistance and/or smoke control door sets. Specifically, ‘power operated doors’ refers to pedestrian sliding, swing and revolving door sets, including balanced and folding doors.

The directive was ordered to improve safety standards and states that people and goods are not allowed to be hit by moving doors. To ensure this is achieved, EN 16005 says that power-operated doors must be installed with safety sensors and door operators that are in constant communication.

Maintenance has to be carried out by approved technicians annually on all doors covered by EN 16005. Failure to do so leaves owners potentially liable should an incident occur because of a faulty door. The scope of EN 16005 is described as “[dealing] with all significant hazards, hazardous situations and events relevant to power-operated doorsets when they are used as intended and where conditions of misuse are reasonably foreseeable by the manufacturer”.

While the EN 16005 regulations were agreed upon for use in Europe, it has also been adopted by nations in the Middle East and Asia.

What is the size of the automatic door market?

The global automatic door market reached a value of $18.44 billion in 2021. IMARC Group expects the market to reach $30.09 billion by 2027, exhibiting at a CAGR of 8.27% during 2022-2027.

The IMARC report cited “significant growth in the construction industry” as one of the critical drivers of growth in the automatic door market. It also noted that automatic doors are increasingly finding favour as they provide secure and convenient door access to differently-abled individuals.

The impact of COVID-19 is also at play. The pandemic drove a rise in demand for automatic doors as they provide hands-free access to public places, such as shops, hospitals, restaurants, office buildings, and apartments, and cut the risk of viral transmission.

A report by Technavio said that the market will achieve a YOY growth of 5.23% at a CAGR of 5.91% during the forecast period of 2021-2025

“APAC will account for 49% of market growth. In APAC, China is the most important market for automatic doors. The market in this region will increase at a quicker rate than the market in other regions.” said the study.

“Over the projection period, a surge in investment in commercial real estate projects with upgraded facilities will aid the automated doors market expansion in APAC. Furthermore, countries such as the China, US, Germany, and France are expected to emerge as prominent markets for Automatic Doors Market during the forecast period.”

All of the new activity that takes place in Europe and many locations in Asia and the Middle East will comply with EN 16005 regulations.

What is the size of the automatic door sensor market?

With much of the increase in the automatic door market covered by EN 16005 regulations, the size of the automatic door sensor market also shows an upward trend. A Research And Markets forecast reports that the European automatic door sensor market is expected to grow from $305.3 million in 2019 to $427.5 million in 2027, with a CAGR of 4.4% over the period.

The report noted: “The growing popularity of smart airports and escalating airport development as well as expansion activities across Europe bolster the market growth in this region. The growth of the aviation industry over the years has complemented developments in several associated technologies, such as internet connectivity.

“Moreover, the governments of European countries are investing in smart airport technologies such as smart sensors, communication and network systems, cameras, RFID tags, and wearable devices, owing to rising consumer preference for real-time information.”

Safetell – an experienced and trusted automatic door partner

Safetell has a proven track record of automatic door servicing and maintenance. As well as carrying out annual checks to ensure compliance with EN 16005 regulations, our experts are adept at repairing faults and issues, keeping downtime to a minimum. Our customers benefit from our ‘repair not replace’ mentality, meaning they save significant sums of money by not having to replace whole automatic door systems. We’re also system-agnostic, so we give customers unbiased advice, regardless of the makes and models of their equipment."




In a world where safety and security is ever-more important, NWT looks like a quite compelling growth opportunity - and with great downside protection too.

[hedgehog 100] 29/1/2023 11:06

Both of NWT's subsidiaries appointed new Managing Directors last year:-

1. Grosvenor Technology, NWT's Human Capital Management (HCM) and access control subsidiary, appointed a new MD just last month:-

"Grosvenor Technology names Colin Leatherbarrow as Managing Director

December 2, 2022 8:23 am

James Thorpe

Grosvenor Technology – a global provider of access control and HCM solutions – has recently confirmed the appointment of Colin Leatherbarrow as the company’s new Managing Director.

Leatherbarrow, who has over 30 years of industry experience, joined the company as Technical Director in 2017 and will be applying his dynamic approach to this new role. ..."



2. And Safetell, NWT's physical security solutions subsidiary, appointed a new MD in February of last year:-

"INTRODUCING SAFETELL’S NEW MANAGING DIRECTOR

We are excited to announce Nick Shannon has joined the Safetell team as Managing Director, as of 1 February 2022.
Nick brings with him a wealth of expertise in the security, fire, property maintenance and construction industries, having previously led the sales teams for industry leaders, such as G4S Fire and Security Systems and Chubb.

Nick will be at the forefront of Safetell’s future growth strategy, with a focus on strengthening both project and maintenance business within the organisation. This appointment reflects and supports the Board’s long term plan for growth. ..."




New management can often be a key to improved performance, almost like another kind of M.D. - i.e. medical doctor. Which could well be the case at NWT.

NWT's interim results are due by 31st. January, for the period May-October 2022, and the company has returned to profitability etc. since the full year end last April.

[hedgehog 100] 28/1/2023 20:48

The large and strongly growing North American HCM market is clearly a very compelling market opportunity for NWT.

And this has already been reflected in NWT's final results for last year, where the HCM US revenues rose 34%, to £8.7M., accounting for 45.5% of NWT's £19.1 full year revenues.

23/01/2023 07:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc

" ... Grosvenor - Hardware-enabled software and services

The business achieved top-line revenue growth of 15% to GBP14.6 million, primarily driven by strong North American human capital management ("HCM") business growth and our expanding relationships with Tier 1 software partners. Key achievements during the period included re-platforming our core cloud control software, GT Connect, and evolving warranty and support services with GT Protect. We have seen substantial progress in our HCM hardware enabled SaaS strategy with HCM annual recurring revenue ("ARR") increasing by over 600% year-on-year to GBP0.9m in April 2022 driven by SaaS and ClaaS.

The success of our North American HCM operations continued to deliver double-digit growth for the fifth consecutive year, with revenues increasing by 34% to GBP8.7 million. The current outlook is very promising, expecting a new revenue pipeline for next year. ...

Partnerships

We continued our successful partnership with major software vendors enabling us to supply directly to their large customer base. We are working with our partners to increase our share-of-wallet acting as their preferred supplier and new partnerships are being established to help us deliver our growth targets. We are pleased to announce we have signed a GT Connect and support contract with one of the largest US retailers based in Mexico in H2 2023. This contract will help accelerate our growth in HCM recurring revenues. ..."




And the strong 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.

Moreover, 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.

[hedgehog 100] 28/1/2023 19:58

Also from the website of Grosvenor Technology, NWT's Human Capital Management (HCM) and access control subsidiary, another excellent article by GT's MD:-

"Insights | Human Capital Management

HCM Growth Expected To Hit An All-Time High

With such widespread adoption of HCM solutions, the market will likely enjoy significant growth over the next few years

Colin Leatherbarrow
Managing Director

HCM market value is tipped to soar, with growth being guided by technological leaps and a move towards a distributed workforce.

Increasingly, organisations are seeing the advantage of centring human capital management technology (HCM) within their HR, payroll, and recruitment functions.

With such widespread adoption of HCM solutions, the market will likely enjoy significant growth over the next few years. There are variances when assessing just how much the sector will increase in value. However, according to the vast majority of recent HCM forecasts, billions of dollars are expected to be added to its value over the next decade, with the US and North America leading the charge.

Technavio’s May 2022 report predicts that the global HCM market will increase by $12.16 billion between 2020 and 2025.

The HCM market observed year-on-year growth of 9.52% in 2021, and it’s thought that we’ll see that growth momentum accelerating at a CAGR of 10.57% during the forecast period. North America is anticipated to have the largest market share, with around 34% of the overall market growth.

The longer-term forecast is also optimistic. A report by Fortune Business Insights predicted the following: “The global HCM market size was $23.6 billion in 2021. The market is expected to grow to $25.53 billion by 2029, exhibiting a CAGR of 9.1% during the forecast period.

“The global impact of COVID-19 has been unprecedented and staggering, with HCM experiencing high-than-anticipated demand across all regions compared to pre-pandemic levels.”

North America has accounted for nearly half the market for the past two years, with an estimated value of over $10 billion – a trend that’s likely to continue. The report noted: “North America is anticipated to hold a dominant position in the global market. The rising adoption of advanced technologies, smartphones, and workforce analytics solutions is expected to spur the region’s market growth.”

So, the rapid and sustained growth value of Human Capital Management over the next ten years looks assured, but what is the motivation behind this surge in ongoing demand?

Technology

HCM capabilities have come a long way, propelled by advances in enterprise technology. In the world of HCM, businesses are increasingly using software with artificial intelligence (AI) and robotic process automation (RPA) capabilities.

In the US, the battle for talent is fierce; hiring managers are using AI and machine learning tools built into HCM software to filter hundreds of candidates and select those most suited to the position, reducing admin time significantly.

Businesses are widely utilising RPA as part of their HCM strategy. RPA is effectively a digital worker that automates repetitive and time-consuming tasks, such as payroll, data input, and remittance, enabling HR teams to focus on high-level tasks.

The Cloud

Enterprises worldwide are turning to cloud-based solutions to hone efficiency, improve output, and reduce costs. In the HCM sector, customers can choose from many bespoke cloud-based HCM solutions that can be customised to suit the needs of their organisation.

These cloud solutions connect all HR processes across a business, meaning companies with multiple locations across the US and further afield can collaborate on recruitment, talent acquisition, employee relations, and other HR functions such as payroll and remittance.

This is a vast improvement on previous methods, where a business would have stored sensitive HCM information locally on one or two machines.

The Pandemic

No single corner of the business world hasn’t seen change brought about by the pandemic, and HCM is no exception. It changed the way businesses and their people work, with hybrid and remote working becoming the norm for many.

As a result, cloud-based solutions and collaboration tools such as HCM have been brought in since they allow HR and personnel teams to handle onboarding, employee communications, and payroll functions efficiently.

HCM solutions have aided the continuation of businesses’ operations and allowed them to stay connected to their employees during a time of real upheaval.

Having experienced the benefits of HCM, the business world welcomes these solutions in increasing numbers. By the end of this year, Gartner predicts organisations will retain the majority of solutions deployed to support new ways of working.

If you’d like to join the ranks of the many businesses that have embraced HCM solutions to streamline and manage their HR processes, contact one of our team today."

[hedgehog 100] 28/1/2023 13:00

In the twenty years since NWT acquired Grosvenor Technology, GT's annual turnover has nearly quintupled, from £3.016M. to £14.56M.

Indeed GT's annual North America revenue alone (£8.7M. of its £14.56M.) is nearly treble its entire annual revenue at the date of the acquisition.

Achieving this sort of success in America from over here isn't that easy or common, and reminds me of the old Hanson slogan: the company's success in the United States prompted it to describe itself in Britain as "A company from here doing rather well over there."



But this immense success hasn't even really begun to be reflected in NWT's valuation.

With NWT's current market cap., £3.84M. at 41p, being less in real terms than just the initial consideration paid for GT all those years ago:-

16 Aug 2002 7:30 am RNS Newmark Technology (NWT) Acquisition

"... Newmark, a specialist integrated security provider, is to acquire
Grosvenor Technology Limited ('Grosvenor') for a maximum consideration of up to
£6.787 million in cash. The initial consideration will be a maximum of £3.287
million with a maximum balance of £3.5 million being paid over the next 48
months subject to an earn out. ...

In the financial year ended 31 October 2001 Grosvenor's pre-tax profit
was £547,000, more than double the figure for the year 2000. Turnover in 2001
was £3.016 million compared with a 2000 figure of £2.820 million. Grosvenor
currently has assets of approximately £2 million which includes £1.2 million in
cash. Current trading remains strong with a growing world-wide market. ..."




Plus of course NWT has its Safetell subsidiary as well, which also generates more annual revenue than GT did at its acquisition.

[hedgehog 100] 28/1/2023 11:56

There look to be multiple strong trends driving security technology opportunities: AI, cloud, biometrics, zero trust, and privacy being key among them.

With the compelling drivers of greater efficiency, safety, security, and flexibility fuelling a massive and sustained market opportunity for companies like NWT.

So the company's years of investment into just the right R&D to capitalise upon this space is now looking extremely prescient.

And looks to be coming to fruition at the perfect point to dovetail with burgeoning demand for these new and innovative products and services.

Potentially, NWT could be riding the crest of this wave for many years to come, massively growing its profits and revenues, and being rewarded with a much higher stock market rating, reflective of its performance, technology, and growing proportion of recurring revenues.


Last year NWT achieved revenue of £19.1M.

So increasing it significantly from there could potentially move it into the £30 - £40M. range - e.g. within a few years.

This could potentially deliver significant economies of scale, with costs not increasing as fast: so multi-million pound profitability could potentially be on the cards.

And if the share price is re-rated accordingly to reflect the company's growth, recurring revenues, and technological innovation and leadership, then a £100M. market cap. could be achievable.

[hedgehog 100] 26/1/2023 17:35

If Grosvenor Technology is spun-out of NWT in a US floatation, then this should be a key to an immediate and immense unlocking of its value.

GT's £14.56M. of revenues last year equates to c. US$18M. at current exchange rates, and growing rapidly, so it has both the size and growth prospects to command a quite generous tech-style rating.

Which in US terms could equate to a few or several US$10s of millions of valuation.

And if it delivers upon its growth prospects, then that could rise to hundreds of millions during this decade.


Informed investors would doubtless view GT status as a spin-out as a major bull point, as spin-outs on average greatly outperform the market as a whole:-

"Spin-Offs Outperforming The Market This Year

Joe Cornell Contributor

Mar 5, 2019, 10:38am EST

You can beat the Street. At a time when many professional investors lament that the proliferation of ETFs and widespread use of screening techniques have made it harder to find bargains in the stock market, one simple investing approach continues to outperform: spin-offs.

Spin-offs have long been a fruitful investment area; a number of academic studies show that they historically have generated far better returns than the overall stock market. A spin-off occurs when a corporation issues stock in a subsidiary to its shareholders to create a new public company. A related corporate event is an IPO carve-out, through which a company sells the public a stake in a unit, while retaining the rest of the division. (Sometimes, the remainder is later distributed to shareholders).

The Bloomberg U.S. Spin-Off Index, composed of companies spun off from larger companies within the past three years, has outperformed the broader market by nine percentage points since the start of the year through Tuesday (February 26th). The 35 member index contains equities with a value over $1 billion that were spun-off from U.S. companies. ..."

[hedgehog 100] 26/1/2023 15:24

A variant of the option of selling NWT's Safetell subsidiary would be to spin-out NWT's Grosvenor Technology subsidiary as an independent listed company.

This should be comparatively simple to do, and indeed GT already has its own independent website (as indeed does Safetell), which is very impressive:-


And GT looks ideal for a US listing, generating over half (£8.7M. of £14.56M.) of its revenues last year in North America.

Indeed GT's Human Capital Management (HCM) arm actually has its own North American website:-

"Human Capital Management

People and data management to suit every environment and budget

Get in touch North American website"



"THE GT8 IS HERE

GT8 with Touchless Facial Recognition

Your people. Their data. We help you manage both.

Secure data collection, collation, processing and dissemination is at the heart of GT Clocks’ offering. Put simply, we help turn diverse data into real information while increasing security, ensuring compliance and reducing time and cost for our partners

GT Clocks serves the Human Capital Management (HCM) market in North America and across the globe. We provide hardware, software, and services to create solutions that match the most complex needs of HCM solutions providers and end-users – from SMBs to Global Enterprises.

Trusted by some of the world’s biggest brands, we have created a cloud-enabled software suite of services that provides complete confidence when handling the sensitive data of people and processes."

[hedgehog 100] 25/1/2023 19:11

Another regulatory driver for NWT, to the EU time clock judgement, is biometric data privacy requirement: e.g. the GDPR (General Data Protection Regulation), and U.S. regulation:-


23/01/2023 07:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc

" ... In an increasingly risk-aware enterprise environment, we have been working hard to broaden our reach and reputation as a trusted security partner, becoming a go-to brand for customers who are seeking this control to simplify the growing complexity of security and compliance requirements in the intersection between physical and digital worlds. ..."




10/09/2021 06:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc

" ... Managing data privacy and security

Another element of building a strong reputation is how we manage data privacy and data security, in particular biometric data, such as fingerprints and face identification. In the US, there are different rules for biometric data capture and what you can do with it, depending on which state you are in, while in Europe and the UK, we have to adhere to General Data Protection Regulation ("GDPR") rules.

It is complex, which is why we have also invested significantly in our workflow management of biometric data. That has meant gathering the consent of people for using their data in the US and Europe, and ensuring that we have annual penetration testing of our systems - both our timeclocks and our Cloud platforms. We are dealing with this ahead of any potential Federal legislation in the US, reassuring our customers that we are secure, and future proofing our systems. ..."




"Biometric Information Privacy Act

... Proposed Federal Regulation

The National Biometric Information Privacy Act

On October 3, 2020, Senator Jeff Merkley introduced the National Biometric Information Privacy Act of 2020 (Senate Bill 4400).[11] While the Act contains provisions similar to BIPA [12] it is more expansive than BIPA.[13] If passed, the Bill would be the first of its kind to regulate biometric information on a national scale.[14] ..."

[hedgehog 100] 25/1/2023 17:41

Thanks David.

I tend to make more personal research and posting effort when I feel that a good company is overlooked, and with little posting by others.
It seems to serves more purpose then, and it's nice to 'put something back' by helping to 'educate the market'.

It's quite time-consuming though, so generally I don't put in this much effort for more than one or two stocks at a time.

Apart from NWT, the stock I've posted on most over the last few months is ZEN, but not ADVFN - over on LSE.

[davidosh] 25/1/2023 17:22

Hedgehog100.....You have an amazing ability to spot everything at Newmark and you are clearly very positive on the company.

Are there any other stocks that you follow so closely and with such knowledge?

[hedgehog 100] 25/1/2023 16:17

And Protime also offers its hardware as a rental model, which is an ideal complement to NWT's targeting of greater recurring revenues:-

"To maximize flexibility we offer our hardware both in purchase as in rental. The rental (Hardware as a Service or HaaS) model offers additional benefits like permanent online monitoring and quick repair or replacement."




"Generating long-term, recurring revenue streams is part of an overarching strategy that is dedicated to building a business that has stability and sustainability at its core."

[hedgehog 100] 25/1/2023 15:36

Like NWT, Protime looks to be strong on the provision of biometric technology solutions:-

"Is biometrics an asset to your company?

21 September 2022

... Is biometrics indispensable now?

Not necessarily, but it does have several relatively attractive advantages:

✔ A real convenience for its users: the risk of forgetting one's head or hands remains very low.

✔ Maximised security because it is practically impossible to falsify. No more risk of losing or having your access badge stolen.

✔ Save time because you don't have to worry about remembering or resetting passwords. ..."




" ... Newmark plans to continue its strategy of investing heavily in research and development allowing the Company to stay ahead of the curve and ensure the highest levels of secure technologies for its customers. The Company is continually innovating in fields such as biometrics, cloud services and mobile authentication to ensure its products are at the forefront of the sectors it operates in. ... "

[hedgehog 100] 25/1/2023 08:49

23/01/2023 07:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc

" ... We have developed for Protime, our largest European partner, an additional functionality within our Android feature set that enables them to adopt the new GT8 time clock. ..."




Protime looks like a top partner for NWT to have:-

"Birth and growth

Founded in 1995, Protime is today a European market leader in time registration and personnel planning.

Our tools are now used in almost 40 countries. ..."

"Our vision

To be great place to work ...

To be the number one provider of time management solutions in Europe ..."

[melloteam] 24/1/2023 13:53

Just to let shareholders and prospective investors know that Newmark Security will be one of the companies presenting on MelloMonday on Monday 6th February 2023 at 5pm.


The event will feature Investment Director, Stephen English; company presentations from Impax Asset Management, i3 energy plc and Van Elle; and our popular Mello BASH (Buy, Avoid, Sell, Hold)!


If you would like a half price ticket, use code MMTADVFN50.


There are lots of interesting sessions and all annual pass holders and individual ticket holders will be sent the recordings within 48 hours of registering.


For a limited time you can purchase a reduced Spring Annual Pass (May 2022-April 2023) that gives access until April 2023 for just £29! Use code AP29. Also includes bonus events and exclusive discounts to partner organisations.



Click here to view our other upcoming events this year:

[hedgehog 100] 24/1/2023 11:53

Also from the history page of NWT's website:-

"Our History"

"2002
Vema business sold for £6M and Vema NV de-listed"




30 Apr 2002 7:00 am RNS Disposal

"Disposal of Business

Newmark Technology Group Plc's 51% owned subsidiary Vema N.V ('Vema' or 'the
Company')has today announced the disposal of its trading business to the Assa
Abloy AB Group ('Assa Abloy') for approximately €10 million (£6 million) cash.

Vema is a specialised distributor of security products using a consultancy based
approach to advise customers on the best solution to their installed security
locking needs. Vema is a major distributor for Assa Abloy's subsidiary, Fritz
Fuss Gmbh & Co ('Eff Eff'), a leading lock manufacturer based in Germany. ..."




With about twenty years elapsing since NWT's Vema and Drion sales, perhaps NWT could be due another such subsidiary sale, i.e. Safetell.

[hedgehog 100] 24/1/2023 10:21

When NWT acquired Safetell in 2000, part of the rationale was that it would be a natural fit with the 1999 Drion acquisition.
But then three years later NWT disposed of Drion.


Some extracts from the history page of NWT's website:-

"Our History"

"2003
Disposed Drion"

"2000
Acquired Safetell International Limited"

"1999
Acquired Drion SA"




28 Feb 2000 7:01 am RNS Interim Results - to 31 October 1999 & Other News

"... ACQUISITION OF SAFETELL INTERNATIONAL LIMITED

The Directors of Newmark, the developer of electronic and other security
products, are pleased to announce that the company has acquired the entire
issued share capital of Safetell International Limited ('Safetell'). Safetell
has two wholly owned subsidiaries, Safetell Security Screens Limited and
Safetell Limited (together with Safetell, 'the Safetell Group').

The Safetell Group specialises in the provision and maintenance of physical
security equipment for the protection of staff at transaction counters
primarily in retail finance, retail and public authorities. Historically the
Safetell Group's core product has been the Eclipse Rising Security Screen
which is designed to provide protection for cash transaction counter staff
against armed robbery. The main customers for this product have been building
societies in the UK. The Safetell Group has developed new products in recent
years including:

- Interscreen, which provides an open plan environment for interviews whilst
maintaining protection for staff in non-cash environments against acts of
violence;
- RollerCash, which is designed to fractionalise a cashier's float into a
secure location at the workstation to minimise loss through robbery; and
- CounterShield, which is aimed at the high value/high risk retail market such
as petrol retailers and off licences.

In the year ended 31 March 1999, the Safetell Group made profits before tax of
£168,000 and had net assets of £922,000.

The total consideration of £1.5 million, which is payable in cash on
completion, is being financed by a bank loan repayable over seven years.

The Directors of Newmark believe that the acquisition will be a natural fit
with Ateliers Drion which was acquired in April 1999. ..."




30 Sep 1999 2:48 pm RNS Final Results
" ... The highlight of the period was the acquisition of Ateliers
Drion S.A. in April 1999. Drion is a natural extension of the business of the
Group and the acquisition will provide entry into the Belgian market,
significantly increasing our European presence. ...
Drion is an established business specialising in the production and
installation of physical and electronic security equipment. ..."

[hedgehog 100] 24/1/2023 10:03

Does anyone have any views on a potential sale of the Safetell subsidiary?

Retaining the Grosvenor Technology side of the business: hardware & software for human capital management and access control solutions.

Grosvenor accounts for the lion's share of last year's revenues, i.e. £14.56M. out of £19.1M., and has the most exciting growth prospects.

And a Safetell disposal would give NWT a tighter focus, which investors like, and a focus on technology - with increasingly more software - both of which could help with a rerating upwards.

And as HCM North America generated £8.7M. of last year's revenues, this would mean that over half of NWT's revenues would be North American, which could also potentially facilitate a rerating upwards towards a more US tech rating.
Especially if perhaps combined with a dual-listing in North America.

In addition, a Safetell disposal could potentially generate million of pounds of proceeds, e.g. an amount similar to NWT's current market cap.

Some of this could perhaps be paid out as a special dividend, and the rest invested into the HCM and access control businesses.