Newmark Security Share Discussion Threads

[hedgehog 100] 24/7/2023 14:37

SaaS (software as a service) revenues tend to be very highly valued, especially when combined with other positive traits, as set out in the article below:-

"SaaS Valuation: How to Value a SaaS Company in 2023

By SaaS Academy ...

The Valuation Formula: How is SaaS valuation calculated? ...

The metrics involved are:
● ARR (business size)
● Growth rate (momentum)
● Net revenue retention (product quality)
● Gross margin (profitability)

The formula is:

Valuation = ARR x Growth Rate x NRR x 10.

Once you have this number, you adjust it based on the gross margin.

Let's use an example to make it easy to understand.

A SaaS business has an ARR of $7m. Their growth rate is a steady 55%, with an excellent NRR of 115%. Plugging that into the valuation formula gets us:

Valuation = (7 x 55 x 115 x 10). This implies a valuation of $44m or x6.3.

But remember, we need to adjust for gross margin. We can calculate gross margin as (Revenue minus Cost of Goods Sold) / Revenue.

So, if revenues were $7m and costs were $1, we have (7 - 1) / 7 = A gross margin of 86%.

This figure is above the average SaaS growth margin of 75%, which means we can increase our valuation multiplier.

Of course, we should remember this formula is very straightforward. More reliable SaaS valuations will need to account for several other metrics. ..."




"Net revenue retention is the cumulative total of retained, contracted, and expanded revenue over a set period, typically one month or one year."



NWT's NRR should be very high, because of its 'HeSaaS' business model, its 'best-of-breed' status, the importance of its offering, and its high growth rate. And the 98% customer retention rate of its MHR software partner supports this view.

Assuming an annual 'churn' rate of say 2%, this gives a NWT NRR of 229%, calculated as follows:-

£0.9M. April 2022 ARR + £1.3M. ARR increase to April 2023 - £42K. churn = £2.058M.
Divided by £0.9M. = 229% NRR.

Which would be a quite outstanding NRR:-

"Across SaaS and subscription-based companies, anywhere above 100% is considered a good net revenue retention rate ..."



And using this NRR for our SaaS valuation gives a base valuation of £63.96M., calculated as follows:-

£2.1M. ARR x 133% growth rate x 229% NRR x 10 = £63.96M.

And this value can be increased further if the gross profit margin is above the average of 75%, which it should be for NWT.


This compares to NWT's current market cap. of just £5.015M. at 53.5p.

Plus of course this is just a valuation for NWT's HCM ARR, which is just is just one of NWT's multiple revenue streams and assets.


So I suppose the '$64,000 Question' - or perhaps I should say a '64 million pound question' - is why is NWT so cheap?

Well, I think this is largely a reflection of the fact that small cap. AIM is a very 'imperfect market', in which quite bizarre and extreme valuation anomalies can sometimes persist for quite a while, before value eventually outs.

[hedgehog 100] 22/7/2023 22:06

"GT CLOCKS
PEOPLE AND DATA MANAGEMENT

From our humble beginnings, we now have operational hubs in both the US and Europe and clients across the globe. Our products and services have changed over time, but our philosophy remains the same; to be the supplier of choice for HCM partners seeking reliable and technologically advanced edge devices, data-entry terminals, or ‘timeclocks’ as many of our customers still call them. We don’t mind; we like being the ‘clock guys’.

We pride ourselves on the talented individuals that make GT Clocks different. From Operations through to Sales and Development we work collaboratively to deliver much more than just secure, smart environments."




"Edge computing

... Edge computing is a distributed computing paradigm that brings computation and data storage closer to the sources of data. This is expected to improve response times and save bandwidth.[1] Edge computing is an architecture rather than a specific technology,[2] and a topology- and location-sensitive form of distributed computing. ...

Efficiency

Due to the nearness of the analytical resources to the end users, sophisticated analytical tools and Artificial Intelligence tools can run on the edge of the system. This placement at the edge helps to increase operational efficiency and is responsible for many advantages to the system. ..."

[hedgehog 100] 22/7/2023 17:40

So NWT is developing 'New Markets', with a really 'SaaSy' & 'ClaaSy' offering:-


"Human Capital Management

As the Human Capital Management (HCM) sector continues to grow, Grosvenor Technology has kept pace.

Grosvenor Technology has developed a full suite of cutting-edge solutions that meet the changing needs of its clients. What started as simple time and attendance tracking, over the years, the company’s offerings have expanded to encompass all aspects of workforce management, enabling higher degrees of employee engagement and productivity.

Advanced hardware, specifically timeclocks, are at the core of Grosvenor’s product portfolio. These formed the foundation of Grosvenor’s offering from the outset, but it was the addition of integrated provisioning software that propelled the solution into the mainstream, where clients were keen to adopt a comprehensive solution to manage their human capital and access control needs."




"Clock as a service (CLAAS)

Our business strategy focuses on generating a higher degree of recurring revenues through the promotion of SaaS and further development of our unique Clock as a Service (ClaaS) offering. With ClaaS, hardware, software, and support services are bundled together under a subscription model, providing clients with a convenient and cost-effective solution for managing their HCM needs."




"Clock as a Service

Our unique ClaaS offering

A Lifetime Of Accuracy & Management

When you invest in our ClaaS program, your timeclock is covered by our no-quibble lifetime guarantee. For the duration of your subscription, you will have the peace of mind that any device that develops a fault will be repaired or replaced, no matter if it has been deployed for one year or ten.

Alongside the reassurance that we give you in your hardware, you also receive lifetime access to our team of product specialists through our dedicated technical support lines, so if you face an issue with your device, one quick call or email puts you in touch with a dedicated team of problem solvers.

And lastly, as a subscriber, you can take advantage of GTConnect, our Platform as a Service (PaaS) that provides total data management, device management, and identity management, ensuring total regulatory compliance and a highly secure environment.

You can enjoy any timeclock bundled with our exceptional services for one low-cost monthly fee.

Get in touch to find out more"




"GTConnect

Data and device management made simple

Unified Data & Device Management

Create a simplified management protocol with GTConnect. This cloud platform connects your HCM devices and your software, building an integrated network. This enables remote diagnostics and data management across all connected devices in real time.

GTConnect is a subscription service designed to streamline your Human Capital Management processes and reduce your technology and data challenges. With GTConnect, your workforce management is simple."

[hedgehog 100] 22/7/2023 12:37

And this 2022 article from Grosvenor Technology's 'USA website' explains how time clocks offer significant advantages over mobile solutions:-

"Point of presence in a mobile-led world

Ben Lagden Commercial Director

9 March 2022 2 min read

In this fast-paced digital world in which we live, advances in technology have given us many substitutes for previously manual tasks. Consequently, it’s now impossible to imagine getting through the day without our mobile phones acting as an extension to our own hands. From waking up to the sound of an alarm (or two) to arranging meetings with clients to participating in online video calls, mobile phones have become an integral part of our daily existence. However, the question that often gets raised is where do mobile phones come into play with human capital management systems, particularly workforce management and time and attendance?

Adoption

It may be unbeknown to some, but not everyone owns a mobile device or a smart device that can talk to HCM systems.

As more and more employers encourage the Bring Your Own Device (BYOD) trend, mobile self-service is becoming a great tool; however, not everyone is willing to take this leap. Data privacy is at the forefront of employees’ minds, however relevant that may be to BYOD. With more media attention on cases such as the Cambridge Analytica scandal, it is undoubtedly a factor in adoption.

Employers also may be less keen to promote BYOD in a specific environment such as retail. Does BYOD encourage the employees to use mobiles when the focus should be on customer satisfaction? No one likes to see store employees busy on their mobile when they try to attract their attention.

With that in mind, a time clock is an excellent solution as an alternative for the 20%+ of those who either don’t own a suitable smart device to communicate with the workforce management system or simply don’t want to. And while company mobiles are commonplace in some industries, it’s uneconomical for the majority of businesses.

Security

User adoption is an issue for employers too. Having an employee use their personal device introduces a cyber security risk to an organization. While mobile device management (MDM) platforms can be used to offer varying levels of protection to an organization again; employees may be unwilling to allow the level of control their employer may insist upon as adequate risk mitigation.

Accuracy

When it comes to punching-in and out, geofencing technology is often applied to prove a point of presence. But we’ve all been in a big city with high rise buildings where our Google Maps or car navigation system is wildly inaccurate, showing our location maybe several streets away.

A large part of the value proposition for time and attendance solutions is accuracy and cost-saving, the solution should deliver fast ROI. By ensuring staff are ready to work when they punch in rather than walking to work or maybe still in the break room a significant walking distance away can significantly impact these savings, particularly when multiplied per employee, several times a day and 365 days a year!

In summary, time clocks offer significant savings and accuracy over mobile solutions. Especially when you consider the total cost of mobile, BYOD, and MDM ownership, additionally, from a risk perspective, you’ll have a reliable, secure device – designed, tested and certified on your network rather than a multitude of third-party devices varying in age, OS version and security patch level. Your time clock platform will also be continually developed, patched and updated by you via our cloud management platforms, ensuring lower total cost of ownership (TCO) and peace of mind.

If you want to discuss more about mobile adoption, please don’t hesitate to get in touch with us regarding any questions."

[hedgehog 100] 21/7/2023 14:46

NWT's website has just added another a new article, again categorised under "Grosvenor "Technology" (though not currently featured on GT's own website).

And it's an excellent exposition of how GT is using cloud services in the workforce management sector.


"Insights

Transforming Enterprise Tech: The Convergence of Cloud and Services

Over the last few years, we’ve seen the convergence of two leading trends in the enterprise technology world – cloud computing and service models such as SaaS, IaaS, and others.

The move to cloud infrastructure was well underway before 2020. Still, it’s fair to say that the pandemic acted as a jumping-off point for businesses which, almost overnight, were tasked with keeping distributed workforces connected and productive.

Cloud services offered the ideal solution for this sudden shift, enabling employees to access critical applications, data, and collaboration tools from anywhere, regardless of physical location. A 2022 report from Statista found that 93% of businesses across Europe, the Middle East and Africa accelerated their move to the cloud because of the pandemic.

Why has the service model become so popular?

As well as flexibility, the rapid adoption of cloud services has enabled businesses to make significant cost savings and offered flexibility that legacy infrastructure cannot. By leveraging cloud infrastructure, enterprises avoid the high upfront costs of building and maintaining their physical data centres. Instead, they can rely on cloud service providers to handle the hardware, networking, and storage infrastructure, paying only for the resources they use.

This shift from a capital expenditure (CapEx) model to an operational expenditure (OpEx) model allows businesses to allocate resources more efficiently and scale up or down as demand fluctuates – a real plus point in these economically uncertain times. This agility has enabled enterprises to be far more responsive to market dynamics, handle spikes in user traffic, and launch new products or services more rapidly.

All of which is to say we’ve seen a marked shift to the services model, where businesses pay a regular fee – monthly, quarterly or annually – to access services. It is in marked contrast to the previously dominant licencing model, where businesses paid for applications that lived on their own computers or servers. It is a generational change, with businesses swapping out complete ownership of their software for the reliability and security of cloud-based services.

What are some of the most popular types of services delivered by cloud infrastructure?

Software as a Service (SaaS): This has emerged as the dominant service model within cloud computing. Think of your word processing client, your spreadsheets, your video calling platform – all are forms of SaaS that have taken the place of on-premise installations that require routine maintenance. SaaS providers handle all the backend infrastructure, updates, and security, enabling organisations to focus on their core operations.

Infrastructure as a Service (IaaS): This has also gained real traction due to the cloud revolution. IaaS provides businesses with virtualised computing resources on-demand, including servers, storage, and networking components. The flexibility allows organisations to rapidly scale infrastructure up or down based on their requirements, avoiding the need for substantial capital investments in physical hardware.

Platform as a Service (PaaS): This service gives developers and organisations a development environment that lives in the cloud, allowing them to build, deploy, and manage applications. By utilising PaaS, businesses can shift their focus from managing infrastructure and runtime environments to concentrating on application development and innovation. PaaS providers handle the underlying infrastructure, including servers, storage, networking, and the runtime environment, freeing developers from the burden of infrastructure management.

How are cloud services being used in the workforce management sector?

As with all industry sectors, the emergence of service models on cloud infrastructure has offered several advantages to businesses. As an adaptable and forward-thinking business, Grosvenor Technology has quickly adapted and improved its products and services to reflect this new environment.

At the heart of our GT Services offering is our cloud platform, which enables customers to manage and support their workforce management devices, wherever they are in the world. When you sign up for GT Services, you and your clients gain access to GT Connect and the following powerful features:

Device Management

Our comprehensive management platform allows you to remotely diagnose, recover, and update devices with ease. Whether managing devices individually or in groups, you can push out updates and configurations effortlessly, simplifying device maintenance with just a click of a button.

Data Management

Our innovative architecture allows you to connect with your chosen HCM provider with ease. All data transmitted to and from the devices is securely transferred and transformed through a single connection. This ensures a smooth and efficient system, empowering you to make real-time business decisions based on accurate data when you need it most.

Identity Management

The combination of our platform and state-of-the-art devices prioritises the security of Personally Identifiable Information (PII), including biometric data. From the moment of collection, all PII is encrypted and protected, ensuring utmost confidentiality. GT Connect goes the extra mile by facilitating US and international data legislation compliance. It records consent for PII collection, provides tools for information requests, and offers a secure process for PII erasure, significantly reducing the risk of fines and litigation for your business.

What are the benefits of GT Services?

Lower Costs: GT Services help decrease the total cost of ownership for your devices. This includes lower hardware costs due to the reliability and longevity of GT devices, backed by GTProtect’s subscription warranty.

Compliance and Integration: Additionally, GTConnect ensures compliance with data protection laws, reducing administrative and legal costs. The simplified integration approach saves development and operational costs, as GTConnect manages device connections and data transfer via a single connection.

Minimal Downtime: With an experienced support team and the option for next-day hardware delivery, GT Services minimise downtime and disruptions for your clients, ensuring smooth operations.

Increased Efficiency: GTConnect enables centralised management of your device estate, facilitating efficient configuration and updates.This reduces the need for onsite engineering and support visits, leading to cost savings and improved operational efficiency.

To discover more and to contact a member of the Grosvenor team today, click here.

[hedgehog 100] 21/7/2023 13:04

Hardware-enabled SaaS (software as a service) can often be a better business than 'pure play' SaaS; this article explains why:-

"Hardware Enabled SaaS : Next generation of SaaS companies

Kumar Sparsh · Follow
Published in Unicornindia · 3 min read · Sep 23, 2019

(In this multi-part series we are doing a deep dive into the world of hardware enabled SaaS companies and see how this model is being used by startups in the real world to build tommorrow’s businesses)

Part 1 — The Context

There is no denying that we live in the age of subscriptions. Looking around we find everything from content to cars, from sofas to servers being offered to customers wrapped in a subscription model. Softwares is one such domain where the subscription model has majorly, if not entirely, replaced an outright sales model to the point that the word ‘SaaS’ has entered our day-to-day vocabulary. The growth that SaaS model has seen in the past few years is nothing short of remarkable. Garter estimates that Saas revenues for 2019 would be around $85 billion worldwide and would clock double digit annual growth in the years to come and if a wider definition of SaaS is used, these numbers are bound to be higher. But while these growth numbers are impressive, they might not be telling the entire story when it comes to the challenges that many early stage pure play SaaS startups are facing at the moment.

One of the factors causing these challenges is that it has never been easier to build a generic SaaS product. Cloud services have made setting up your own servers obsolete for almost all early and mid stage companies reducing barriers to entry. Talent to build such products is more easily available, which with each passing day is making it harder for companies to retain an edge on the basis of superior human resource. Such factors also reduce the capital requirements to reach MVP stage, which along with the availability of capital leads to number of SaaS startups growing much faster than the market, leading to overcrowding.

Even startups that are managing to differentiate themselves from the crowd and gain good initial traction are running into the problems of commodification of their product if there is a lack of defensible IPs or if it is not a technically complicated and hard to engineer product. Commodification risk for such startups is infact two-fold, first from newer startups that can move quickly to copy their market validated product and potentially undercut them. Secondly from bigger more established cash rich companies that, if they choose to not acquire, can leverage their established channels and brand value to rapidly capture the market.

This is why we believe that Hardware enabled SaaS (HeSaaS), a model where hardware is an integral part of the SaaS offering, can be a logical evolution of the pure play SaaS model for many industries and use cases. HeSaaS manages to circumvent or minimize many challenges faced by SaaS startups. The hardware element acts as an anchor, helping in reducing customer churn by reducing the possibility of customers migrating away to a marginally cheaper or marginally better SaaS. HeSaaS startups doing outright hardware sales are further able to magnify the Lock In Effect. Talent to work on specialized hardware design is also tougher to find, which along with defensible IPs makes it tougher to directly copy the product and greatly reduces commodification risk. HeSaaS model also opens up new or untapped niche markets that couldn’t have been effectively served by a SaaS only model. Hence there has been a lot of interest in this space in recent years.

In the next parts of this series we would be looking at how HeSaaS companies from different industries are operating in the real world and what makes them tick.

Part 2 — Open App : A 21st century solution to a millennia old problem
Part 3 — NeuroEquillibrim : Helping you find your balance
Part 4 — PerFit : Future of 3D scanning

(We at Unicorn India Ventures are always striving to uncover different perspectives in life. We would love to hear your thoughts in the comments below. To hear more from us, follow @unicornIndia on twitter and follow our company page on Linkedin)"

[hedgehog 100] 20/7/2023 18:18

"Introducing Newmark

Hear from Marie-Claire Dwek, CEO of Newmark Security plc as she provides an overview of the business:

Newmark Security plc"




NWT's new 'five minute pitch' to investors is very impressive & persuasive.

It conveys that the company is entering 'a whole new ball game', to become a really 'big hitter'.


Here are some extracts:-

"When you visit your office next, or log on to Wi-Fi at your local cafe, ask yourself: how safe is my personal data, and is it in safe hands? How compliant is the organisation, and how is my personal identity being protected?

Newmark Security Solutions Group combines hardware, software, and services. ...

We are cash-generative; operating with high margins: 50% on hardware, and MUCH more on software. ...

We are seeing rapid growth within the HCM Division, and three quarters of the Group's revenue is in this area. ...

Security has moved up the corporate agenda with employers highlighting duty to protect employees and visitors. The same can be said for data compliance; it's a key driver for growth in our business. Across the business world there is a large security and compliance vulnerability; and that is open between physical and digital worlds. Data legislation has strengthened around the world, and organisations need to make sure they are compliant, with sensitive data travelling between devices, buildings, and company systems. GDPR and its international equivalent is an issue for ALL organisations, with breaches and hacks becoming commonplace, and substantial penalties being issued here and in the US.

Newmark is well invested in a growth platform that is profitable, strategically focussed, and presents a FANTASTIC opportunity for investors. We believe we're entering the most exciting period for growth in Newmark's thirty-year history. With the rapid growth of our hardware-enabled enterprise-based offering, we are seeing increasing levels of recurring revenues with high margins. ...

Our vision is to build a business generating two - three times its current revenues in the next three - five years."

[hedgehog 100] 18/7/2023 16:01

Just added to Grosvenor Technology's website, some great news about an impressive strengthening of its Access Control Team:-

"Insights | Access Control

Strengthening the Grosvenor Technology Team

Introducing Barry Westgate and Diane Burton.

Colin Leatherbarrow
Managing Director

At Grosvenor Technology, we believe in bringing together top talent to drive our company’s growth and success. We are thrilled to announce the addition of two exceptional professionals to our Access Control Team: Barry Westgate, joining as Regional Sales Manager, and Diane Burton, taking on the role of Internal Sales Administrator. Their experience and unwavering dedication to customer satisfaction make them valuable assets to our organisation.

Barry Westgate: Customer Experience led Sales Professional

With over 20 years of experience in the security industry, Barry Westgate has built a reputation as a seasoned professional. His previous roles at Zenitel, Commend, and Intratone, as well as his time as an independent Consultant, have honed his skills and industry knowledge.

Grosvenor’s trusted name in the industry and the powerful sense of teamwork and positive culture within the company attracted Barry to the role. Barry commented “I was very impressed with UK Sales Manager, Keith Chapman and Managing Director, Colin Leatherbarrow’s determination to elevate the access control division to new heights.” The emphasis on building relationships and fostering growth through partnerships aligned perfectly with Barry’s background and skill set.

Barry’s primary goal in his new position is to expand Grosvenor Technology’s presence and market share in his territory, the Southeast of England. He plans to achieve this by engaging with a group of partner companies, comprised of Security Integrators who share the company’s commitment to access control standards, quality, and reliability. By fostering true partnerships that benefit all stakeholders, including end users, Barry aims to drive sustainable growth.

His key responsibilities at Grosvenor Technology include customer support and liaison, accurate and timely quotations, record keeping, site visits, solution presentations, and representing the company at trade shows. Barry’s mission is to increase revenue in his region while ensuring exceptional customer experiences.

Furthermore, Barry is committed to supporting a structured partner network that rewards the loyalty and expertise of customers. This initiative will enhance collaboration, mutual growth, and the delivery of innovative solutions. He passionately believes in putting clients at the heart of everything he does, creating a consistently positive customer experience at every touchpoint. With his experience and skills, Barry is eager to drive Grosvenor Technology’s presence and make a significant impact on the company’s future.

Diane Burton: Delivering Excellence in Sales Administration

Diane Burton brings more than 30 years of sales administration experience to her role as Internal Sales Administrator. Although new to the security industry, Diane’s expertise in supporting account managers on the road for over a decade is invaluable.

In her new position, Diane aims to provide exceptional customer service by delivering quick responses while the account managers are occupied with on-site visits. Additionally, she will assist the Account Managers with administrative tasks, enabling them to dedicate more time to meeting potential customers. Diane’s goal is to improve the overall customer experience and contribute to the company’s growth and success in the access control arena.

Diane will take the lead in the proactive management of Support Service Agreement renewals, ensuring that customers receive timely reminders and personalized support. By fostering strong customer relationships, she will contribute to the company’s long-term success.

As a progressive company invested in growth and innovation, Grosvenor Technology is excited to have Barry and Diane on board as we continue to deliver excellent solutions and expand our presence in the industry."

[hedgehog 100] 18/7/2023 14:20

This week BBC News is focusing on AI, in a sign of just how important this new technology is:-

"UK needs culture shift to become AI superpower - DeepMind co-founder

20 hours ago

By Zoe Kleinman
Technology editor

The co-founder of leading AI firm DeepMind, which started as a UK company and was sold to Google, says the UK should encourage more risk taking if it wants to become an AI superpower.

Mustafa Suleyman added that he does not regret selling DeepMind to the US giant in 2014.

"The US market is not only huge, but also more predisposed to taking big shots," he told the BBC.

Prime Minister Rishi Sunak wants the UK to be a global hub for AI.

He has pledged £1bn in funding over the next 10 years, and founded a UK taskforce with a remit of maximising the benefits of the tech while keeping it safe.

This week BBC News is focusing on AI, how the technology affects our lives and what impacts it may have in the near future.

Mr Suleyman said the UK had "every chance" of becoming an AI superpower and praised its research facilities, but added there were not the same opportunities for businesses to grow as there are in the US. ...

"The truth is, the US market is not only huge, but also more predisposed to big risk taking, taking big shots and having big funding rounds." ...

DeepMind is often held up as one of the most successful AI companies to be grown in the UK.

It was sold to Google in 2014, for a reported $400m. The price paid was not made public. ...

UK challenge

Mustafa Suleyman's views represent one of the challenges facing Ian Hogarth, a British entrepreneur and investor who has been appointed to lead the UK's AI taskforce.

He took up the position five weeks ago. ..."




America is obviously the place to be for the best AI business growth.

So this 'Double-A' combination - America & AI - is a very attractive one: potentially almost like a 'fourth emergency service' for investors' portfolios.

With NWT being 'The NEWmarket Knight of The Street'.

[fft] 17/7/2023 16:00

Re results, I had an email from Paul Campbell white on 23rd may mentioning the auditor problems and anticipating results by the beginning of October. September would be better !

[fft] 17/7/2023 01:28

HH100,All very well you putting forward these lists of positive points, but it would be nice if the company, when issuing updates told us something about all the revenue etc they are making. The last update was pathetic from an info point of view, and we won't get any more info until the results at the beginning of October. Why does it take 5 months to get results out ? They blame the auditors - but most companies can get results out a lot quicker. And it is not a huge set of numbers.....

[hedgehog 100] 16/7/2023 15:01

NWT'S NUMEROUS WINNING TAILWINDS DRIVING GROWTH


1. Multiple strong technological growth drivers:-

• Artificial intelligence (AI).

• Robotic process automation (RPA).

• Internet of Things (IoT) connectivity.

• Cloud-based services.

• Biometric solutions.

• Wireless systems.


2. Multiple strong business growth drivers:-

• Environmental-social-governance (ESG) demands.

• Efficiency (time, money) demands.

• Data & information demands.

• Pandemic-stimulated transitions (remote-monitoring, touchless technology).

• Post-pandemic business recovery.

• Strong US dollar, compared to sterling.


3. Multiple strong regulatory growth drivers:-

• Biometric data privacy requirement.

• Time clocks obligation.

• Automatic doors safety standards & annual maintenance.

• Fire doors safety standards & annual maintenance.

• Protect Duty legislation.


4. Multiple strong corporate growth drivers:-

• Top new management at both NWT subsidiaries appointed in 2022.

• Multi-million pound R&D investment in recent years.

• New SaaS and ClaaS (software/clocks as a service) business momentum.

• Large American business & growth momentum with top partners.


Many of these drivers are of course inter-connected, feeding into and strengthening each other; e.g. energy-saving saves money.

And they are driving a greater proportion of higher margin, recurring, and technology business for NWT.

[hedgehog 100] 15/7/2023 20:30

"FTC’s New Biometric Policy Statement Articulates New Governance Standards and an
Expansive View of Biometric Data

JULY 13, 2023
BIOMETRICS, FTC, POLICY

On May 18, 2023, the Federal Trade Commission (“FTC”) issued its 2023 Policy Statement on Biometric Information and Section 5 of the FTC Act (the “Policy Statement”) describing the agency’s concerns about these fast-proliferating technologies and articulating a set of compliance obligations for businesses that develop or use biometric technologies. ...

Use reasonable data security practices. The Policy Statement includes familiar statements that businesses should implement “reasonable privacy and data security measures,” and specifically calls out the need for access controls and technical measures such as making timely updates for both hardware and software systems to ensure they are operating effectively and not putting consumers at risk. ...

Additionally, the Policy Statement identifies the need to have appropriate training for employees and contractors whose job duties involve interacting with biometric information, citing recent enforcement actions where the agency has alleged the failure to provide such training constituted an “unfair” practice.

The Policy Statement makes clear that biometric technologies are on the FTC’s radar and that the FTC expects businesses to take a proactive approach when evaluating and addressing the unique risks with biometric information. Businesses should evaluate whether and where biometric data is used (including if not used to identify individuals), make sure appropriate biometric disclosures and policies are in place (including under state biometric privacy laws), and integrate regular risk assessments into biometric privacy compliance programs."




This new American biometric data policy should strongly underpin the demand for GT's products & services in the USA.

Organisations concerned are in effect being ordered to update their systems regularly, as well as ensuring that their employees are well-versed in their usage ... and providing such guidance is an area in which Grosvenor Technology is absolutely first class.

[hedgehog 100] 14/7/2023 13:23

GT's partnership with MHR is a sign of GT's 'best of breed' status, and the exceptional effectiveness of its solutions:-

"21 January 2022

... At MHR we're heavily focused on innovation and delivering systems that meet the needs of customers now and in the future. With a 98% customer retention rate it's probably fair to say we're getting it right ...

We look to partner with best of breed solutions providers to deliver our market-leading functionality. ...

Grosvenor Technology HCM terminals integrate with iTrent's paid, flexi-time and rostering modules, automating work patterns, resulting in streamlined, simplified time-saving processes. Long manual processes - often prone to error - are confined to history. ..."




“Simplicity is the ultimate sophistication.”
― Leonardo da Vinci

[hedgehog 100] 13/7/2023 15:27

NWT looks just made for "Small Company Sharewatch", the top-rated tipsheet:-

"Fast growing small companies provide big profits for well informed investors each year. Quite often, a share price takes off and it's surprising that nobody had thought of it before. Here at The Small Company Sharewatch (SCWC), we specialise in discovering exactly those kind of companies before they become widely followed. Each issue gives in depth analysis of individual shares backed up by our company meetings."



And likewise for Simon Thompson of the "Investors Chronicle".


But whichever press tipster tips the new, transformed NWT first will benefit from the 'bragging rights' of having been the earliest, as well as probably enjoying the lower tip price.

[hedgehog 100] 13/7/2023 13:44

When MHR partnered with GT two and a quarter years ago, MHR announced it on their website:-

"15 April 2021

A new partnership between MHR International and Grosvenor Technology gives customers a better way to manage their workforce

We are pleased to announce a new partnership between Grosvenor Technology and MHR

... Grosvenor Technology is renowned for providing workforce management solutions. ..."




But it wasn't RNSed by NWT ... whereas most other very small cap. penny shares probably would have RNSed such a partnership.

This is a sign of NWT's success, and of its somewhat self-effacing investment promotion.

Which is quite a contrast to many AIM shares, where the reverse seems to be the case: i.e. over-promotion to investors, but under-delivering.

[hedgehog 100] 12/7/2023 20:57

Top-performing small cap. fund RKW is attracting considerable attention.

And one of its success secrets is portfolio concentration.

If you're too diversified, then if you've identified an outstanding investment opportunity - like NWT - its impact for you won't really do you justice.


22/06/2023 07:00 UK Regulatory (RNS & others) Rockwood Strategic PLC Full Year Results to 31 March 2023 LSE:RKW Rockwood Strategic Plc

"21.4% NAV growth

Rockwood Strategic plc (AIM: RKW) is pleased to announce its audited results for the year ended 31 March 2023.

Highlights

-- NAV Total Return performance in the twelve months to 31 March 2023 of 21.4% to 1959.56p per share which compares to declines in the FTSE Small Cap (ex-ITs) of 15.7%. The positive Total Shareholder Return of the Company in this period was 28.2%.

-- NAV Total Return performance in the three years to 31 March 2023 of 116.9% which compares to the FTSE Small Cap (ex-ITs) of 49.6%. The Company's Total Shareholder Return in this period was 139.4%

-- Successful migration from AIM to a Premium Listing on the Main Market of the London Stock Exchange ("LSE").

-- The most active period of investing since the strategy was conceived with 13 new investments made during the year, with the majority of capital remaining in the top ten holdings.

-- Significant investment gains realised in Crestchic (GBP12.4m) and material unrealised gains within portfolio.

-- RKW ended the year with net assets of GBP49.8million, invested in 18 companies together with GBP10.5 million in cash.

-- Post period end, issued GBP2.4m of new equity at a premium to NAV under a Block Listing which was approved by the FCA in December 2022

Noel Lamb, Chairman of Rockwood Strategic plc, commented:

"The portfolio has delivered another year of excellent NAV growth whilst the Manager has been actively initiating new investments to seed future returns. Since the period end the discount to Net Asset Value has been eliminated for the very first time and we have begun to grow the strategy through new share issuance. This differentiated, active strategy is attracting significant attention, generating sector and market leading performance and offering investors a proven approach to delivering returns despite a challenging external environment."

Richard Staveley, Fund Manager, Harwood Capital LLP said:

"We are delighted the strategy has navigated market conditions so well. We believe this is due to our portfolio concentration, the operational and strategic progress delivered by most of the investee companies and recognition of the great value some of our holdings represented. The vast majority of investments remain deeply undervalued providing us with confidence regarding future NAV growth potential. We remain heavily engaged with our investee companies and have initiated a range of new investments during the year which we expect to at least meet our 3-5 year target returns and thus fulfil our objective of compounding wealth for Rockwood's shareholders long-term." ... "




Rockwood Strategic (RKW):-