Newport Networks Share Discussion Threads

[cl2201] 24/9/2008 08:27

We just have to be patient. Farmer12, I understand what you're going through (all us holders do) but it's best to put your feelings to one side and think about the positives of the situation we're in. People can similarly highlight the negatives, but at this level there is only one negative: the company going bust. Ok, it's a bloody awful negative but it is the only one.

As i've said before, people just assume that selling the company/intellectual property is the only way to survive. That isn't the case. There is still a core of people (albeit only 8) that give the company other possibilities. Ask yourself why would TM give a 2m loan facility to a company he knew was destined to fail. The answer: He wouldn't, he has no intention of folding the company.

The technology is solid. There is quite simply no person more connected in this field of technology than Sir Matthews. He knows a company would be willing to pay big bucks in exchange for the intellectual property of NNG. Remember more than 20m has been spent on R+D.

With regards to the SP, i understand what you mean about people knowing about a deal before it happens but you have to look from the angle that, especially in this market climate, people are not prepared to lose their money and this is a very risky share. Fact. Therefore it is priced to fail. My opinion is that it won't. Notice the amount of trades recently: minimal. This reflects the unwillingness for people to step on a ship that many think is sinking.

Keep holding and hopefully you will be rewarded. IMHO of course!!

Finally, i think we should start a sweep stake for what bid we may receive. My guess: 1.2p

[poppadomonlinedotcom] 23/9/2008 08:48

As long as they're in talk. ok. to me.

found1.com

[farmer12] 23/9/2008 08:24

CL2201

I am a holder of this I just wished I had the same feeling as you. It is driving me crazy that they have gone so quiet. This does how ever make me think they could be striking some kind of deal and are keeping things very close to their chest.But normally people know before any deal is tied and the share price reflects that, in this case the price is way to quiet.

[cl2201] 23/9/2008 00:51

I have a feeling that news will be released today or possibly tomorrow. It is just that, a feeling, nothing more. I believe there is to be an update at the very least outlining the current state of affairs, perhaps an offer. The share price IMHO does not reflect any offer that could be forthcoming because quite simply the technology this company has is second to none and is worth a packet. It's just a shame that the company tried to grow too large too quickly.

Good luck holders. As always, the above, IMHO.

[pelleeds1980] 19/9/2008 09:50

I only noticed recently that Aviva (Morley Fund Management) have a 17% stake in this company, we havent seen them bail out which gives me some encouragement. All the recent events have done is bring the spread to a more conducive level down from 60% to 20%...has some value left I think

[cl2201] 19/9/2008 01:08

I don't think the situation with Newport is as simple as sell the company or go into administration. With the overheads reduced to a minimum there is a lot less panic surrounding the future of the company, especially with the one million pound tax rebate the company is due. If an offer is not forthcoming there are other options. Granted the staff numbers have been reduced to 8 but thats not to say the company cannot pursue other avenues that can be approached with minimal staff.

If the 1460 is as technologically advanced as people say, why wouldn't a major tech (or even midsize come to think of it) spend a few million pounds to buy NNG to 'future-proof' themselves. Afterall NNG have spent over 20 mill (pounds) on R&D in 4 years so a potential purchaser would be saving themselves some serious cash.

There's life left in this one yet. IMHO.

[catman66] 17/9/2008 12:51

Wolterix

Yes. Before the company closed, I remember(?) the directors report discussing them considering the other route to market to be them offering 1460 functionality on a generic platform.

I'm sure there has been detailed discussions with these carriers who considered 1460 (who will still need to fulfil SBC when they eventually interconnect VoIP) and a generic platform must have been favoured by them then!

Question is.... will the equipment vendors who "are" delivering infrastructure see an opportunity in picking-up 1460 code?

[wolterix] 16/9/2008 16:39

catman - second pararaph of your post above I think is what they have said, when talking about being approached by telcoms co's to make their offer more generic

[catman66] 16/9/2008 16:16

explorer

You may be right.

However, we need to remember, for Matthews NNG represents less than a fraction of 1% of his portfolio of business interest (unlike Sinclair). Also, I believe, 5 of the 8 remaining staff are in R&D?

The clever part of the 1460 is the packet voice algorithms all of which are tested and approved by Nortel and Nokia (to name but a few). Whilst they are compiled to run on the 1460 hardware, with some R&D effort, could be compiled to operate on a SUN or another more generic platform.

We understand telco's may prefer these generic solutions as they have perceived lower operational costs with more flexibility (at the moment).

Time will tell n good luck

[explorer88] 16/9/2008 15:49

hi catman

a multi-millionaire businessman ploughs millions of pounds into developing a seemingly world class product, but unfortunately it is ahead of its time or not needed by the market, does not sell, and the business is closed down due to lack of sales.

Terry Matthews and NNG?

Sir Clive Sinclair and Sinclair Vehicles. Clive put £12m in in 1983/4, but had to close the business down on 12th October 1985

23 years later i believe NNG will go the same way - history will repeat itself.

as NNG's recent review found, the market not only doesn't want large SBC's in the short term, but also it is focused on software solutions and solutions integrated into other hardware (hence, NNG focused r&d earlier this year on software developments, before making all their research staff redundant)

as NNG have now found out, the 1460 and 310 have little value in the market - just like the C5 23 years ago. Even multi-millionaires get it wrong occasionally ...

imho, nng will be closed down and WC are enabling this in an orderly manner.

[lyndus] 16/9/2008 15:36

Quite agree.This will come good eventually.It's just going to take time.

[catman66] 16/9/2008 15:26

Don't be silly!

Terry Matthews is a multi-millionaire (billionaire?) chairman of a company which owns the design rights to the worlds finest carrier class VoIP SBC!

Carrier Class VoIP hasn't happened (yet) but it will!

trouble is NNG ran out of money waiting to close the first big deal.

What would be the reason for calling in the administrators?
After all, there are no creditors, except Wesley Clover.... who Matthews runs!

The Wesley Executive board have links into global NEV's many of whom wouldn't hesitate, if acquiring this technology de-risked the route to market for one of their VoIP products.

Be patient. Remember, NNG never told us anything even when they had some staff. Wesley Clover(Terry) have only their own (large) stake to worry about.
I think a deal will be announced but, it may be another month in the making.

[explorer88] 16/9/2008 13:50

this looks like the start of the final capitulation in the share price before administrators are appointed.

[mick56] 16/9/2008 13:09

you might be right but someone is willing to take 500k off my hands right now.

[explorer88] 16/9/2008 12:00

sharewinner - imho, they'll be speaking to PWC soon re. going into administration.

This has all the hallmarks of an orderly winding up of the business. In which case, shareholders are likely to end up with nothing.

[sharewinner2] 16/9/2008 11:05

It's been over a month now since we were informed talks were "ongoing". What's the chances we'll hear something soon or can these things really drag on?

[pelleeds1980] 12/9/2008 16:01

sorry mate I was reading the wrong line you are completely correct!

[wolterix] 12/9/2008 15:24

says securities purchased on them, but then the price 'paid' is .273
which is more akin to the bid price

[pelleeds1980] 12/9/2008 11:04

I think these are sells?

[wolterix] 12/9/2008 10:18

evolution buying again... is that 2 days in a row?

[catman66] 11/9/2008 08:54

I think NNG is an embarrassment and massive headache for Sir Terry.

Westley Clover has the ability to park or dispose of what's left of the 1460 SBC technology in a way which can be dressed-up to look less negative and not reflect badly when other IPO's emerge from this group.

The biggest question for us all is, will there be any value in it for the shareholders?

[cl2201] 11/9/2008 04:19

IMHO news is imminent. Question we're still asking; good or bad?

[sharewinner2] 04/9/2008 15:44

I'm suprised at how long this seems to be dragging on for. Hopefully, like you say Wolterix, They are not wanting to give it away too cheaply. I guess talks must be ongoing as we haven't heard anything to the contrary.

[wolterix] 04/9/2008 13:35

did he? or was it Welsey? I remember getting corrected by Graham42 on this..

[thrgef] 04/9/2008 13:32

Well he's pumped millions of dollars into the research and development of the technology so he's not going to give it away cheaply