Newmark Security Share Discussion Threads

[hedgehog 100] 27/2/2023 17:40

From NWT's Investor Meet Company presentation slides, 8th. February 2023:-


Slide 6:-

"Organisations are facing a critical data vulnerability in the intersection between physical and digital worlds.

IDENTITY DATA

To comply with emerging data protection legislation,
organisations need a better way to control and manage
sensitive identity data as it travels between devices,
buildings and corporate systems.

IOT DEVICES ENTERPRISE SYSTEMS

Is your identity in safe hands?"


From Slide 15:-

"GTM STRATEGY

1. SERVITIZATION – AS-A-SERVICE TRANSITION
o Enhanced partnerships: Major account joint bidding
o Direct sales: Retrofit & upgrade service
o Supply chain: Localised US supply chain

2. ACCOUNT-BASED SELLING
o Whitespace opportunity: Blue-chip customers, transition to subscriptions

3. SECURE KEY PARTNERSHIPS
o Target top 10 US HCM partnerships: Create partnerships/accreditations in US & globally
o Create strategic OEM alliances: Explore alliances with adjacent WFM + AC device manufacturers to integrate GT Connect
o Target other HCM/VAR partnerships: Expand European/UK network and opportunities"


Slide 16:-

"Our mission. To rapidly scale our recurring revenue business model – Hardware-enabled enterprise SaaS.

Leveraging deep expertise and IP in security technology and services, our pivot to recurring revenues through hardware-enabled enterprise SaaS provides a strong foundation for scalable growth.

+ Rapidly growing enterprise recurring revenue model

+ Class-leading products and services

+ Blue-chip client base

+ Long-term end-client relationships

+ Accelerated growth through rapid takeup of subscription model

+ Incremental margin improvement

+ Central security control creates high long-term value

+ Strong growth record"

[hedgehog 100] 27/2/2023 15:36

So this potential £200M. market cap. for NWT could be a 49-bagger from the current share price of 43.5p.

That size of multibagger seems particularly appropriate in return for NWT's 'striking gold' in America, as it conjures up images of the forty-niners of the California Gold Rush:-

[hedgehog 100] 27/2/2023 14:40

From NWT's Investor Meet Company presentation video, 8th. February 2023:-

23:56: " ... Our vision is to build a business that generates 2 - 3 times its current revenues in the next 3 - 5 years. ... now is a very exciting time for us. With considerable recent efforts and investments, we are very well-positioned to achieve this vision. We're confident because we have an enterprise recurring revenue model that's rapidly growing, we have class-leading products and services, and we have an enviable blue-chip client base with top tier partners ready to transition onto subscription. And we enjoy long term client relationships with seven to ten year life cycles. As the take-up of our subscription model accelerates, this brings much improved margins through blended subscriptions, and by positioning within the trusted walls of enterprise security, we are creating long term value that has plenty of scope to be leveraged in the future to build a strong growth record. ... "




I would add the following big bull points in particular to the above:-

• The strong USA exposure, with its attendant far bigger growth potential.

• The multiple regulatory and technological growth drivers.


Considering also NWT's strong tech & USA growth momentum over the last several years, then their 3 - 5 year vision sounds more than plausible.
- It's a vision that's clearly based on solid facts & achievements, rather than the 'pie in the sky' of some other penny shares.


So, from its current revenue level of c. £20M. p.a., NWT has a realistically achievable prospect of increasing this to c. £40M. - £60M. p.a. in the next 3 - 5 years.
Which, if combined with a continued increase in overall margins as expected, would translate into an even greater proportionate increase in profitability.


For example, an overall pre-tax profit margin of say c. a sixth, on annual revenue of c. £60M., would equate to c. £10M. p.a. pre-tax profit: i.e. more than double NWT's current market cap.

And if NWT is rated at c. 20 times pre-tax profit, this would equate to a market cap. of c. £200M.

And based on NWT's current 9,374,647 shares in issue, this would equate to a share price of 2133p.

I.e. a 49-bagger from the current share price of 43.5p.

[hedgehog 100] 26/2/2023 11:06

The tech side of NWT's business has seen its annual revenues double in the last five years, fuelled by the hugely successful expansion into the USA.
But this success has been 'masked' by the decline of the non-tech side, with the decline of Safetell's traditional banking business.

The aggregate change though has been transformative, with NWT's tech side now making up about 80% of Group revenues, and rising, compared to barely a third in 2017.
Which means that NWT as a whole is now deserving of a far more generous tech-style rating, especially with its rapidly growing proportion of recurring revenues.

And with Safetell's revenues having fallen from c. £14M. in 2017, to an annualised level of about £4M. now, this rate of decline clearly cannot continue.
Indeed, with Safetell's planned expansion in the UK autodoor servicing market (estimated at twice the size of Safetell's traditional markets), there is scope for both a strong recovery in Safetell's revenues, and a strong increase in its proportion of recurring revenues.

So Safetell's negative effect on NWT's overall growth should reverse, with it adding to the growth instead.
And as NWT's tech side should continue to go from from strength to strength, the overall Group performance should start to strongly reflect this tech success story.


NWT's year ended 30.4.17:-
Electronic division (Grosvenor Technology): 44% (£7.63M.) of total NWT revenue (up from 35%).
Asset protection division (Safetell): 56% (£14.18M.) of total NWT revenue (down from 65%).

14/09/2017 06:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc

"... The Group has 2 main reportable segments:

-- Electronic division - This division is involved in the design, manufacture and distribution of access-control systems (hardware and software) and the design, manufacture and distribution of WFM hardware only, for time-and-attendance, shop-floor data collection, and access control systems. This division contributed 44 per cent. (2016: 35 per cent.) of the Group's revenue.

-- Asset Protection division - This division is involved in the design, manufacture, installation and maintenance of fixed and reactive security screens, reception counters, cash management systems and associated security equipment. This division contributed 56 per cent. (2016: 65 per cent.) of the Group's revenue. ..."




NWT's year ended 30.4.22:-
Hardware-software (Grosvenor Technology): 76% (£14.6M.) of total NWT revenue.
Physical security (Safetell): 24% (£4.59M.) of total NWT revenue.

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

" ... People and Data Management division - Grosvenor Technology ("Grosvenor") ...

Grosvenor - Hardware-enabled software and services

The business achieved top-line revenue growth of 15% to GBP14.6 million ...

Physical Security Solutions division - Safetell - Diversifying our product portfolio

Revenue information

GBP'000

Division Total 4,586 ...

Top line revenue declined by 8% ..."




NWT's half year ended 31.10.22:-
Hardware-software (Grosvenor Technology): 79.2% (£8.415M.) of total NWT revenue.
Physical security (Safetell): 20.8% (£2.21M.) of total NWT revenue.

31/01/2023 07:00 UK Regulatory (RNS & others) Newmark Security PLC Half-year Report LSE:NWT Newmark Security Plc

" ... Group revenue increased by 10% year-on-year to GBP10.6 million (H1 FY22: GBP9.7 million), driven by a strong performance in the People and Data Management division with double-digit growth in both HCM and Access Control. ...

Safetell revenue has decreased by 14% to GBP2.2 million compared to the corresponding prior period. We are in the process of transforming the division with a revised strategic plan, led by our new, highly experienced management and sales team that is setting the direction for sustainable growth. Our traditional work of installing and maintaining rising screens has continued to be impacted by the reduction in the number of bank and post offices across the country but we have now further diversified our product offering by bringing auto door and entrance control into our product portfolio. The demand for these products has been continuously increasing so we have shifted our product offering to capture this market opportunity. ..."

[hedgehog 100] 25/2/2023 17:06

Both of NWT's subsidiaries appointed new Managing Directors last year, and they both look quite outstanding:-


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

"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.

As the instigator of lean methodology for operating the business, and with a drive to build a culture with a focus on quality, compliance and high performance, Leatherbarrow has already demonstrated his strong leadership and strategic ambition.

His passion for creating solutions that encompass the full spectrum of client needs has steered the development of Grosvenor Technology’s key products, GT4 & GT8 and the complementary platform, GT Connect. This cloud platform combines software, services and hardware in one monthly subscription, providing value to Grosvenor’s customers and rapid scaling of the business via recurring revenues.

Commenting on his new appointment, Leatherbarrow said: “I am excited by this fantastic opportunity to push forward with time management, security and identity management solutions.

“Grosvenor is superbly positioned to grow our market share in all these sectors, leveraging our engineering heritage with subscription services, GT Complete, combining Clock as a Service “ClaaS” and GT Connect SaaS, making it easy for clients to simplify operations and get just the solution they need.”

Leatherbarrow will be leading Grosvenor’s global team which is made up of 52 employees."




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.

We hope you will join us in congratulating and welcoming Nick to our team.

Nick’s comments: “It’s an exciting time to be joining Safetell as we look to expand across new and existing markets. I am joining a customer-focused team with extensive experience; I look forward to working with them in the coming years to ensure we continue to exceed our customers’ expectations”"




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.

And the Group's new markets and new products and services dovetail perfectly with this, and at a time of multiple regulatory and technological growth drivers.

[hedgehog 100] 25/2/2023 11:02

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

" ... Investments in research and development GBP0.76m (2021: GBP0.74m) ...

In the year ended 30 April 2022 (FY22), following three years of substantial investment in product innovation and software development, we have enhanced our solutions offering across all lines of business. This puts the business in a very strong position to execute on its strategic plan without requiring significant new development. This is already driving new client contracts and is building an extremely healthy pipeline for the year ahead. ...

Research & Development (R&D)
... The investment this year has been focused on the cloud development of GT Connect, our upgraded SaaS platform which will be launched in FY23. There has also been further development on facial recognition technology for our clocks. ..."




NWT's R&D investment is a major bull point here.

NWT market capitalisation at the current share price of 44.5p: £4.17M.

Divided into NWT's year ended 30.4.22 R&D spending of £0.76M.

= PRR (price-to-research ratio) of 5.5.

This highlights NWT's bullish growth prospects.


"Price-to-Research Ratio – PRR Definition
By ADAM HAYES Updated July 09, 2021
Reviewed by CHIP STAPLETON
... Financial expert/writer Kenneth Fisher developed the price-to-research ratio to measure and compare companies' relative R&D expenditure. Fisher suggests buying companies with PRRs between 5 and 10 and avoiding companies with PRRs greater than 15. By looking for low PRRs, investors should be able to spot companies that are redirecting current profits into R&D, thereby better ensuring long-term future returns. ..."



From the legendary tech stocks guru Conor McCarthy:-

"Calculate annual R & D expenditure per share and compare it to the share price.
If the PRR (price-research ratio - share price divided by R and D per share) is 5 or less it is nearly always worth buying the shares. This applies particularly to recovery situations. As long as an exploration company has the wherewithal to drill holes, there is always the possibility it will strike it lucky. The same goes for an out-of-favour technology company. As long as it can continue to invest in R and D there is the chance it will come up with a blockbuster product. The lower the PRR the more development bang you get for your buck."

[hedgehog 100] 23/2/2023 14:26

Two comparable shares to NWT, SNX and VNET, that show both how these markets are recovering, and how undervalued NWT is:-


1. Synectics (SNX), 130p, market cap. £23.13M.:-

22/02/2023 07:00 UK Regulatory (RNS & others) Synectics PLC Final Results LSE:SNX Synectics Plc

"Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, announces its audited final results for the year ended 30 November 2022.

Headlines(1)

-- Revenue: GBP39.1 million (2021: GBP36.6 million)
-- Continued turnaround of underlying operating profit(2)
to GBP1.2 million (2021: GBP(0.5) million)
-- Underlying earnings per share: 6.9p (2021: (2.6)p) ..."




2. Vianet (VNET), 75p, market cap. £21.61M.:-

06/12/2022 07:00 UK Regulatory (RNS & others) Vianet Group PLC Half-year Report LSE:VNET Vianet Group Plc

"Interim Results

Momentum building and on track to deliver sustained growth

Vianet Group plc (AIM: VNET), an international cloud base provider of business intelligence to the hospitality, unattended retail vending and remote asset management sectors, is pleased to announce its unaudited results for the six months ended 30 September 2022.

The Company supplies hardware and connectivity to capture operational and sales data for customers on typically 3 to 5-year agreements. The operational alerts, performance dashboards and insights enable our customers to transform their business. Our solutions, which have been used by our customers for many years are critical in normal times and become vital during times of economic downturn and uncertainty. ...

Revenue of GBP7.18 million (H1 2022: GBP6.34 million) ...

Outlook

The bounce-back recovery experienced in FY2022 and H1 2023 has continued to develop momentum into H2 2023, giving us confidence in meeting the market's expectations for the full year, and well-placed to achieve our pre-pandemic run rates. ...

Loss from continuing
operations before tax (65) ..."

[hedgehog 100] 15/2/2023 08:38

"Market Overview

In an ever-changing world, there remain some constants. People, and the organisations they work for, will always seek safety and security. Newmark Security is well positioned to serve this growing need.

There are significant opportunities for profitable growth across all the sectors in which we operate, Physical Security, Human Capital Management and Access Control.

Every industry has its specific requirements, but there are also many commonalities, as every business seeks to create an environment in which it can operate more efficiently and with greater levels of productivity. Achieving these goals, while providing smart, safe and secure workspaces is the added-value that Newmark Security brings."

[hedgehog 100] 15/2/2023 08:17

"Our Strategy

“To help address some of the major challenges facing corporations in an environment of ever-increasing global security concerns and add value for all of our stakeholders through partnership and innovation.”

Security has evolved. Once, providing security for employees, staff and visitors meant providing a safe physical environment. Today that environment includes and extends beyond physical security to online as people are equally concerned about the security of their data and identity.

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.

We will realise this mission by continuing to develop exceptional and secure products and services backed up by industry leading support."

[hedgehog 100] 14/2/2023 18:48

"About Us

Newmark Security PLC (AIM:NWT) delivers long-term shareholder value through the provision of products and services in the security and data sectors. From its locations in the UK and the US, the organisation operates through subsidiary businesses positioned in specialist, high-growth markets.

Safetell provides physical security installations to numerous end-user sectors. Products and services range from Asset Protection Solutions to Counter Terror Deployments. Grosvenor Technology serves the Access Control and Human Capital Management markets globally providing both hardware and software to collect and secure data while maintaining privacy, ensuring compliance and reducing operating costs for its clients. This is typically provisioned through a recurring software as a service model.

Generating a greater proportion of its revenues from recurring services is part of Newmark’s overarching strategy which is dedicated to building a business that has long-term stability and sustainability at its core."

[hedgehog 100] 14/2/2023 18:28

From NWT's website:-

"Our Investment Case

We aim to deliver sustainable value for our shareholders and our broader stakeholder community through our position in high-growth, specialist markets in data and security and our long-term outlook.

✔ High growth technology and data business operating in rapidly evolving global markets
✔ Strong competitive position offering differentiated solutions with high barriers to entry
✔ Continued reinvestment delivering innovative, class-leading product portfolios
✔ Strategy to transition to a recurring revenue model in the medium-long term
✔ Long-standing customer relationships and high degrees of repeat business
✔ Experienced management team and a long history in established markets"

[hedgehog 100] 09/2/2023 15:09

From Paycor's earnings call yesterday.

The market is still in its early stages of growth, is highly defensible, & mission-critical.

And I love the name of the company's CFO: he sounds like a real Prince Charming ... :-

"Paycor HCM (PYCR) Q2 2023 Earnings Call Transcript

By Motley Fool Transcribing – Feb 8, 2023 at 11:00PM

... Rachel White -- Vice President, Investor Relations

Good afternoon, and welcome to Paycor's earnings call for the second quarter of fiscal year 2023, which ended on December 31. On the call with me today are Raul Villar, Jr., Paycor's chief executive officer; and Adam Ante, Paycor's chief financial officer. ... With that, I'll turn the call over to Raul.

Raul Villar -- Chief Executive Officer

Thank you, Rachel, and thank you all for joining us to discuss Paycor's fiscal second-quarter results. Paycor's modern open platform with differentiated tools for leaders in industries continues to resonate with clients and win in the market. Revenue grew 29% this quarter, driven by record bookings and ongoing PEPM expansion. Adjusted operating income margin increased by over 300 basis points year over year, and we believe there is significant opportunity to drive further expansion as we scale.

Based on these robust results and our optimistic outlook for the remainder of the year, we are once again raising our guidance, which Adam will discuss in more detail. Our go-to-market motion continues to deliver excellent results as we strategically expand sales coverage in Tier 1 markets, leverage influential broker relationships, and continue to grow our average deal size. ...

We offer the only modern cloud platform empowering frontline leaders to be more effective by providing the insights and tools required to source, attract, develop, and retain their employees. ...

Let me close by reiterating how confident we are about Paycor's outlook. The labor market remains tight as nonfarm payrolls continue to increase, job openings are at elevated levels, and workforce participation remains low

Modest changes in unemployment or job openings are unlikely to materially impact our business as most of our revenue growth is derived from new business, and the market is still in the early stages of adopting modern cloud-based HCM solutions. Furthermore, HCM is highly defensible as our value proposition is mission-critical to attracting, paying, and retaining great talent while also driving a compelling return on investment for our clients. ..."

[hedgehog 100] 09/2/2023 12:37

Paycor's company outlook is very bullish, and its expanding margins and high level of recurring revenue strongly support this confidence:-

"Paycor Announces Second Quarter Fiscal Year 2023 Financial Results

February 8, 2023 at 4:15 PM EST

• Q2 Total revenues of $132.9 million, an increase of 29% year-over-year, while expanding margins

• Q2 Recurring revenue of $125.0 million, an increase of 22% year-over-year, and the fifth consecutive quarter of achieving our long-term target of sustainable 20%+ revenue growth

• Raises FY’23 revenue and Adjusted operating income guidance $11 million and $10 million, respectively, year-over-year at the top end of the range

CINCINNATI, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (“HCM”) software, today announced financial results for the second quarter of fiscal year 2023, which ended December 31, 2022.

“Paycor produced excellent second quarter results highlighted by 29% revenue growth year-over-year, which reflects continued demand and product innovation,” said Raul Villar, Jr., Chief Executive Officer of Paycor. “We continue investing to differentiate our HCM suite and client experience while delivering margin expansion for the third consecutive quarter as we scale the business.”

“We are committed to empowering frontline leaders to build winning teams through insights and automation so they can focus on the key elements that drive business performance. This quarter we completed the acquisition of Talenya, which leverages AI to simplify and streamline candidate sourcing, and launched a programmatic way to measure and enhance leader effectiveness. Finding and retaining talent remains a top challenge for our customers and we are encouraged by the robust demand for our advanced talent acquisition solutions.”

Second Quarter Fiscal Year 2023 Financial Highlights

• Total revenues were $132.9 million, compared to $103.1 million for the second quarter of fiscal year 2022.

• Operating loss was $31.6 million, compared to $33.8 million for the second quarter of fiscal year 2022.

• Adjusted operating income* was $17.6 million, compared to $10.3 million for the second quarter of fiscal year 2022.

• Net loss attributable to Paycor HCM was $27.5 million, compared to $25.5 million for the second quarter of fiscal year 2022.

• Adjusted net income attributable to Paycor HCM* was $13.6 million, compared to $8.0 million for the second quarter of fiscal year 2022.

*Adjusted operating income and adjusted net income attributable to Paycor HCM are non-GAAP financial measures. Please see the discussion below under the heading "Non-GAAP Financial Measures" and the reconciliations at the end of this press release for information concerning these and other non-GAAP financial measures.

Second Quarter and Recent Business Highlights

• Completed the acquisition of Talenya’s AI-powered recruiting technology, now Paycor Smart Sourcing, enhancing our industry-leading talent management solution and bringing our full suite of HCM solutions to $44 per-employee-per-month (PEPM).

• Introduced real-time employee insights and frontline leader effectiveness dashboards to the COR Leadership Framework. Our leadership survey gathers feedback on several aspects of how well these leaders coach, optimize and engage their team with the goal of tailoring career development and improving business results.

• Distinguished as a Top Workplace USA by Energage for the third consecutive year, which underscores Paycor’s continued commitment to exemplify the cultural best practices that impact associate engagement and business performance.

Business Outlook

Based on information as of today, February 8, 2023, Paycor is issuing the following financial guidance:

Third Quarter Ending March 31, 2023:

• Total revenues in the range of $155-$157 million.

• Adjusted operating income* in the range of $35-$36 million.

Fiscal Year Ending June 30, 2023:

• Total revenues in the range of $539-$545 million.

• Adjusted operating income* in the range of $75-$78 million.

*We are unable to reconcile forward-looking adjusted operating income to forward-looking loss from operations, the most closely comparable GAAP financial measure because the information needed to provide a complete reconciliation is unavailable at this time without unreasonable effort.

Conference Call Information

Paycor will host a conference call today, February 8, 2023, at 5:00 p.m. Eastern Time to discuss its financial results and guidance. To access this call, dial 1-877-407-4018 (domestic) or 1-201-689-8471 (international). The access code is 13735320. A live webcast and replay of the event will be available on the Paycor Investor Relations website at investors.paycor.com.

About Paycor

Paycor’s human capital management (HCM) platform modernizes every aspect of people management, from recruiting, onboarding, and payroll to career development and retention, but what really sets us apart is our focus on leaders. For more than 30 years, we’ve been listening to and partnering with leaders, so we know what they need; a unified HR platform, easy integration with third party apps, powerful analytics, talent development tools, and configurable technology that supports specific industry needs. That’s why more than 30,000 customers trust Paycor to help them solve problems and achieve their goals."

[hedgehog 100] 09/2/2023 12:06

Paycor HCM (NASDAQ: PYCR), Grosvenor Technology's largest North American partner, announced its second quarter results yesterday, after close of the US markets.

The great news for NWT is that the results are stunning, surpassing estimates by quite some margin.

And the PYCR stock price was up nearly 9% after hours:-
26.75 +2.20 (+8.96%)
After hours: Feb 8, 04:52PM EST


"Paycor HCM, Inc. (PYCR) Q2 Earnings and Revenues Surpass Estimates

Zacks Equity Research
Wed, February 8, 2023 at 11:15 PM GMT

Paycor HCM, Inc. (PYCR) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.05, delivering a surprise of 66.67%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Paycor HCM, Inc. , which belongs to the Zacks Internet - Software industry, posted revenues of $132.86 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 4.29%. This compares to year-ago revenues of $103.07 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Paycor HCM, Inc. Shares have added about 4.5% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for Paycor HCM, Inc.

While Paycor HCM, Inc. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. ..."

[hedgehog 100] 08/2/2023 16:43

" ... Why Grosvenor Technology for Access Control?
... Since then, Grosvenor Technology has developed into a leading innovator in the security sector, serving hundreds of enterprises across the globe with our access control software and hardware and first-class customer support. ..."



I wonder how much non-UK business GT's access control arm does?

For GT's HCM (human capital management) arm, NWT's accounts give a geographical breakdown between HCM North America (or US), and HCM Rest of World.
With the former accounting for over 76% of HCM revenues in the latest half year.

But for GT's access control arm, no such geographical breakdown is given.

The impression I get though is that GT's access control revenues are still quite heavily domestically weighted compared to its HCM revenues.

If so, then that could potentially represent a major overseas expansion opportunity for GT's access control business.

[hedgehog 100] 08/2/2023 15:55

An impressive access control case study from GT's website: a project for ADNOC (the Abu Dhabi National Oil Company), the world's 12th largest oil company by production:-

"Case Studies | Education

Rapid Deployment for ADNOC School

ADNOC, the Middle East’s largest oil and gas supplier, built the village of Ruwais from what was formally a desert. This created a community for their employees in what is one of the world’s largest industries. Within this complex sits the ADNOC school, a facility built to educate the families of employees.

Grosvenor’s access control system has been rolled out across the entire school, with 90 readers, 50 controllers and over 5,000 access cards supplied to the students and staff combined. The access control system was installed by SIBCA and supported by Grosvenor Technology’s technical excellence at specification stage. Close collaboration between the two organisations ensured the access control hardware was installed quickly and efficiently. The IP-based architecture suited the modern method of construction used, allowing the system to be swiftly deployed using the building’s existing PoE Cat 5 cabling. The utilisation of the buildings existing infrastructure reduced cost and ensured ADNOC School’s finite build process stayed on track.

An Evolving Solution

With its ability to integrate into most third-party hardware, Grosvenor Technology’s access control system can drive down energy costs by controlling most BMS functions, including HVAC and lighting.

With a fresh group of students enrolling every year, it was important that the administrative process was as efficient as possible. The system allows administrators to define a persona for a common occupant and their typical access rights for enrollment. Applying standardised access rights to the majority of the students drastically reduces the time taken to induct students at the start of each academic year. Students and staff members are issued an ID card with all of their access rights contained in this one solution. The cards are not limited to accessing the building either; in time, as the community develops, it will allow cashless vending and students to board buses without the need for a pass.

“The construction process had very tight deadlines, so it was important that the access control system could be installed in no time at all. Grosvenor was able to provide valuable support, ensuring staff were empowered to administrate, secure and reduce running costs before the first day of school.”

– Richard Pearson – Group Technical and Service Director, SIBCA"

[hedgehog 100] 08/2/2023 15:25

Grosvenor Technology's access control credentials are impressive indeed, and they look to have positioned themselves superbly to service the evolving and growing nature of this market.

And as ‘Access Control as a Service’ has multiple benefits, it's no surprise that this is forecast to grow particularly strongly.

These benefits are outlined in this useful article by American company CEC:-

"Access Control as a Service: 7 Benefits You Need to Know

Access control isn’t a new technology—it’s used in all types of buildings to regulate who can enter (and where). But did you know there’s a new way to deploy access control within your building or on your campus?

Most organizations are familiar with traditional (on-premises) access control systems. With these systems, all the hardware, software, and other equipment are installed and maintained at your physical location.

Access control as a service is a newer option that’s attracting lots of attention. Why? Because it opens doors to many valuable benefits. Since it’s cloud-based, the software and servers are removed from your physical location and stored offsite while the hardware remains onsite.

When might access control as a service be a good fit? Consider these seven benefits to see if any of them address your security, budget, or time-management challenges.

1. Don’t Worry About Outdated Software ...

2. Cross Maintenance Off Your To-Do List ...

3. Grow or Streamline as Needed

4. Manage and Control the System Remotely

5. Catch Anomalies Early

6. Easily Roll Out Mobile Credentials

7. Save Money ... "

[hedgehog 100] 07/2/2023 17:25

No I didn't actually David.

Largely because a MelloMonday ticket (£19.50, or £125 for an annual pass) isn't cheap (although I'm sure it's good value for a quality event).

And unfortunately I'm not free for NWT's Investor Meet company presentation at 10a.m. tomorrow.

I presume that you watched, as you give the impression that you are involved in organising them.

If so, do you have any feedback that you would care to share please.

[davidosh] 07/2/2023 17:00

Hedgehog100.... Did you manage to watch Newmark on the show last night?

[hedgehog 100] 07/2/2023 14:05

Where America leads, the world tends to follow, and this looks to be the case in the Human Capital Management (HCM) market.

And NWT, with its significant HCM business in America, combined with its UK base, looks ideally placed to capitalise upon this opportunity.

Which could also make it a very attractive takeover target for a US predator wishing to expand internationally.

[hedgehog 100] 07/2/2023 13:21

More 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 Building Global Momentum

Grosvenor Technology rounds up the fortunes and forecasts for human capital management around the world

Colin Leatherbarrow

Managing Director

Here at Grosvenor Technology, we’ve rounded up the forecasts for human capital management growth worldwide.

Over the coming decade, the rapid acceleration of the Human Capital Management (HCM) market will be primarily driven by the advances and adoption of technologies like automation and AI in the HR space and the shift to cloud-based solutions.

Let’s look at how major global markets are responding to the market uptick.

Europe

Human Capital Management applications have demonstrated demand in recent years across Europe, and the continent is now a significant growth area. Its sharp rise is the result of the transition to cloud-based software and solutions. As with most regions, European enterprises are embracing a digital transformation in readiness for the future. The ability to unify and streamline HR functions and the real-time information and longer-term insights cloud platforms has proven to be a compelling offering.

A report from ResearchAndMarkets demonstrated the dominance of the German market throughout 2021, which is projected to maintain its position in the coming years. The report suggested that the market value of the German HCM sector will achieve $2.35 billion by 2028.

“The UK market is experiencing a CAGR of 6.3% during (2022-2028). Additionally, the French market is expected to showcase a CAGR of 8% during (2022-2028),” it added. As a whole, the European Human Capital Management market is tipped to achieve market growth of 7.2% CAGR from 2022-2028.”

Conversely, market analysis from Data Bridge found that in 2021, “The UK accounted for maximum share in the European human capital management market, as large numbers of HR software providers are present in the region and more start-ups are being established.

“Germany accounts for the second largest market as the region has high growth in the manufacturing industry that has a large workforce which requires HCM software for talent management and other HR activities.”

Asia Pacific

Asia Pacific is undoubtedly a market to monitor as it’s on the cusp of rapid adoption of HCM solutions. There’s particularly strong demand from China, Japan and India. A report from ResearchAndMarkets predicts that the region will experience an impressive CAGR growth of 8.1% from 2022-2028, likely steered by changes in the makeup and demands of its major economies.

“In the future years, the rising number of start-ups and the adoption of new technologies like Industry 4.0, data analytics, cloud technology, and artificial intelligence will necessitate a trained and talented workforce in the APAC region. Thus, the requirement for human capital management solutions in the region is predicted to rise as a result of managing and hiring suitable professionals.”

APAC has two of the world’s fastest-growing economies – China and India – with millions of manufacturing and service sector jobs expected to arise in the near future. This will increase the requirement for human capital management tools and technologies.

The Polaris Market Research HCM report provides the following insight for 2022-2030: “Asia Pacific is expected to witness a high CAGR in the global human capital management market. Large numbers of HCM vendors and the rising usage of cloud-native technologies drive growth in the region.

“The major countries are witnessing massive investments in market verticals such as BFSI, retail, healthcare, manufacturing, telecommunication services, and IT, resulting in Asia countries’ economic growth. The market in the Asia Pacific is expected to be driven by organisations’ increasing adoption of industry 4.0, data analytics, and cloud computing.”

South America

The traditional economic powerhouses are at the helm of the surge in South American HCM demand. An Envision Intelligence report released in September 2022 looking at HCM in the region over the six years, ranging from 2022-2028 notes: “The consumer goods sector and retail are growing rapidly regarding technological advancements, customer needs, and employment.

“The HCM market is emerging in South America due to the introduction of new cloud technologies in countries like Brazil and Argentina, making them more technologically advanced. The reason the HCM market is evolving is due to the release of new software and better data analytics tools.”

Middle East and Africa

According to Fortune Business Insights, ample opportunities to tap into several thriving economies in the Middle East & Africa will present over the coming years. In its HCM forecast covering 2022-2029, it outlined the following:

“The Middle East & Africa is projected to experience significant market opportunities during the forecast period. According to the World Bank collection of development indicators in 2018, the Middle East, Africa, and North Africa reported 85.5% literacy rate. This figure represents that the region poses potential job opportunities that are expected to boost the adoption of advanced HR tools across the region.

“The rising adoption of advanced technology such as AI, cloud, and analytics-enabled solutions by organisations is likely to exhibit substantial opportunities to implement advanced HR solutions in the region. For instance, in July 2021, Office Depot Europe incorporated Oracle Fusion Cloud solutions to transform HR processes and support the rising workforce. Thus, digital transformation across the region creates new market opportunities.”

Grosvenor Technology blends over three decades of engineering know-how with innovative development and technology. Our range of human capital management hardware is complemented by our outstanding software partners. The combination of our products and first-class support will enable your business to be more productive, cost-effective and provide a greater employee experience. To discover more about our HCM solutions, click here."

[hedgehog 100] 06/2/2023 17:33

"Taking on America could be the best move your business makes

Chris Manson August 14, 2019 3 mins

Building a business in your home market is no easy feat. But it’s nothing compared to trying to make it big in the United States.

Business is all about risk and return. However, minimising the downside risk of new ventures, whilst ensuring your company can accrue maximum benefit.

Why America

The United States is a thriving and growing market.

It loves British goods and services. It’s also the world’s largest economy, accounting for 25% of global GDP. Furthermore, it’s the number one export market for UK companies by some considerable margin.

That is a lot of potential upside for UK businesses. However, this does not automatically make it a ‘slam dunk?, as not every company will be successful.

Exporters beware…

Expanding to America is a challenge, but it is also one that it is worth UK companies taking on. The best way to reduce business risk is to learn from the experiences of those who have gone before. ...

Many can be attracted to the bright lights, glitz, and glamour of New York, Los Angeles or Miami for example. However, in reality, these locations might not be a good fit and of course, they are super expensive markets.

This can lead to expensive mistakes. UK companies should consider what might be considered to be tier two locations. Competition may be less intense, and the legal framework might work better for you. ..."




GT looks to have located its new US HQ shrewdly, avoiding the most expensive locations, but with top-notch accessibility.

And the trebling of space further demonstrates that this business is growing like Topsy, and with plenty more to come:-

"Insights | Company News

Grosvenor Powers Up with Strategic Office Move

Grosvenor Soars to New Heights with its new Florida Headquarters: In-House Fulfillment, Total Control, and a Growing Team at the Ready

Colin Leatherbarrow

Managing Director

Get ready for GT Clocks’, our American brand, game-changing move to its new Florida headquarters! Located in Cooper City and accessible from both Fort Lauderdale and Miami airports, this state-of-the-art office boasts three times the space of its previous location. With in-house warehousing and customer order fulfilment now at the team’s fingertips, they’ll have full control over operations and delivery. And that’s not all – new team members are joining the GT team to keep up with growing customer demand and the exciting expansion of their product offerings.

Brian Hack, VP of Operations, commented:

“With demand reaching new heights, our brand-new headquarters will power us to even greater success. By taking control of our operations, we’ll have an eagle-eye view of fulfilment, guaranteeing fast delivery and the unparalleled level of service our customers know and love. This is a pivotal moment in our growth journey, and we can’t wait to see what the future holds.”

With decades of hands-on experience, our cutting-edge technology is developed and distributed from our UK headquarters and supported by our Florida office and teams worldwide. Our unparalleled expertise in the field allows us to continually revolutionize the industry with innovative hardware and software that prepares you for today and the future. Trust us to deliver responsive customer support, in multiple languages and across all time zones, as we help you manage your human capital and secure your assets on a global scale.

Unlock the full potential of your workforce and safeguard your success with GT – a global leader in human capital management (HCM) solutions and access control. Explore the full range of products and services from GT here."