Newport Networks Share Discussion Threads

[androyd] 11/7/2008 09:47

I'm now convinced that the contracts and oem agreements mentioned in previous RNS's never existed, it looks like we've been conned!!!

[2magpies] 11/7/2008 08:52

Oh dear! Not another "chairman's train-set".

Is he going to pay £1.1m for it? Well, I'm not holding my breath.

Perhaps when the market cap reaches £0.1m he might gobble!

This is all so ridiculous.

No one wants their product. Competetitors are offering cheaper, less cumbersome alternatives. The future? . . (intentionally left blank!)


IMO. pdyor

[justjus] 11/7/2008 08:22

ooohhh, 25% up already...

[jotoha1] 11/7/2008 08:16

As predicted 18 months ago, Mathews will take this private for nowt!

[justjus] 11/7/2008 08:13

well GGT went from .1 to 1.6 on RTO speculation (which I was very fortunate to jump on), so a punt at .2 worth chucking a few quid at

[andrbea] 11/7/2008 07:45

with an RTO you can be reborn in a sector which is booming (realtively at least)
eg oil & gas, fertilisers, ..

but it means bringing in a whole new board (depends on what the other company dictates)

and this current board would probably want to hang on, so that's a conflict, so it's their decision

I don't think (personally) that the present company is worth much (a sector with too much competition)

[sharewinner2] 11/7/2008 07:41

andrbea - excuse my ignorance but what does that mean? In real cash terms what hopes if any do we have, or is it a case that after taking a loss of 85% I am now likely to wave goodbye to the other 15%.

[andrbea] 11/7/2008 07:36

they should give up the ghost, go down the cash shell route and hope for an RTO

only hope for us shareholders... ,-)

[sharewinner2] 11/7/2008 07:33

OMG - Marked down 47% this morning.

[sharewinner2] 11/7/2008 07:31

So, guys is the rns saying that the company is for sale?

[mhw28865] 11/7/2008 07:18

glad i sold out last week even though at a loss of £1500 but that is better than nothing!!

[jailbird] 11/7/2008 07:13

it is all over !!!!!!!!!!!!

[andrbea] 07/7/2008 09:37

I would prefer to see an RTO by a company that's also active in the electronics field

the falling share price tells me the business model is flawed, obelete technology IMO - no demand in this niche segment, dominated by the majors?

[ihavenoclue] 07/7/2008 05:43

How nice Bengo

[bengo] 06/7/2008 21:41

ihavenoclue...i should know...
u r of course right it should be 2.75 ish
but filtered anyway

[ivor whopper] 06/7/2008 14:16

going bust?

[wolterix] 04/7/2008 09:07

any consolation, Acme Packet are on the slide as well

http://www.ir.acmepacket.com/phoenix.zhtml?c=200804&p=irol-stockChart&control_ir-annualrptradioon=&control_ir-annualrptradiooff=&control_ir-annualrptdescr=&control_pr-mentionsradioon=&control_pr-mentionsradiooff=&control_pr-mentionsdescr=&control_ir-regulatorynewsradioon=&control_ir-regulatorynewsradiooff=&control_ir-regulatorynewsdescr=&control_ir-financialnewsradioon=&control_ir-financialnewsradiooff=&control_ir-financialnewshidden=&control_ir-financialnewsdescr=&control_ir-financialnewscheckbox=&control_ir-debtradioon=&control_ir-debtradiooff=&control_ir-debtdescr=&control_alertsjs=&control_ir-secradioon=&control_ir-secradiooff=&control_ir-secdescr=&control_ir-rptradioon=&control_ir-rptradiooff=&control_ir-rptdescr=&control_ir-quoteradioon=&control_ir-quoteradiooff=&control_ir-quotedescr=&control_ir-quotecheckbox=&control_ir-presentationradioon=&control_ir-presentationradiooff=&control_ir-presentationdescr=&control_ir-newsradioon=&control_ir-newsradiooff=&control_ir-newsdescr=&control_ir-mediaradioon=&control_ir-mediaradiooff=&control_ir-mediadescr=&control_ir-governanceradioon=&control_ir-governanceradiooff=&control_ir-governancedescr=&control_ir-eventradioon=&control_ir-eventradiooff=&control_ir-eventdescr=&control_ir-eodsecradioon=&control_ir-eodsecradiooff=&control_ir-eodsecdescr=&control_ir-eodseccheckbox=&control_alertzip=&control_alerttitle=&control_alertstate=&control_alertphone=&control_alertmname=&control_alertlname=&control_alertfname=&control_alertfax=&control_alertextension=&control_alertcountry=&control_alertcompany=&control_alertcity=&control_alertaddr2=&control_alertaddr1=

[wolterix] 30/6/2008 10:06

me too SC

The Directors have prepared and approved cash flow projections for the period ending 31 December 2011, taking into account existing cash resources, the expectation of future sales from fully paid stock and the collection of funds from receivables including R&D Tax Credits. The Directors believe that the trading performance in 2008 should benefit from the sale of products through Network Equipment Vendors such as the agreement announced in March 2008 with a leading European Fixed/Mobile Network Equipment Vendor. The Directors believe further that the market for the Company's products is starting to grow and that the Company will secure a higher share of this growing market and significantly increased sales in the future.

The nature of the Company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. On the basis of this projected cash flow information the Directors consider that the Company can continue to operate. However the margin of cash availability, before new bank debt or further equity funding is required to be put in place, is not large and inherently there can be no certainty in relation to these matters. Therefore, the Directors intend to raise additional resources from new bank debt, supported by guarantees from Wesley Clover Corporation, loans from Wesley Clover Corporation or further equity funding during the next year to ensure the Company can continue to fund its growth.

After considering all of the above factors, the Directors believe that the Company and the Group will have adequate resources to continue in operational existence for the foreseeable future and that as a result of the irrevocable letter of support provided by Wesley Clover Corporation it is appropriate to adopt the going concern basis in preparing the financial statements.

[slightlycynical] 30/6/2008 09:38

Just looking at the Annual Report on the NNG website.

I'm vaguely optimistic about this:

Going concern

The Directors have made appropriate enquires, taking into account existing cash resources, the reduced cost base, the
expectation of future sales from fully paid stock, the collection of funds from receivables including R&D Tax Credits and the
financial support provided by Wesley Clover Corporation, the personal investment company of Sir Terry Matthews, who
have provided an irrevocable letter of support to the company in June 2008. The Directors consider that the Company
and the Group have adequate resources to continue in operational existence for the foreseeable future and it is therefore
appropriate to adopt the going concern basis in preparing the financial statements on pages 14 to 39.."

[bengo] 29/6/2008 13:53

wolt
the channel islands, no capital gains tax :)
not that i have to worry about things like that with nng!
yet anyway.....

[accura] 28/6/2008 20:13

that should of been what about a NEV bidding for NNG. like the large OEM partner. agreement suggests they already are interested in the products.

[accura] 28/6/2008 20:10

What a NEV bidding for NNG?

[andrew1664] 28/6/2008 20:00

I don't know fella, acme packet are the obvious bid contenders i would of thought. Trouble is Terry has a history of selling successful companies, not offloading them when in trouble. A bid would be fantasic mind and it's something i'd be all for. The companies products and expertise are worth more than the current market cap so it would depend on the share price offerred. It mentions above a takeout price of 3.5p. I have to say if that happened i would be out of here!

As always, we will just have to wait for news.