Northgate Information Solutions Share Discussion Threads

[eithin] 11/7/2007 08:15

HF14: Looks ok to me. One of the few "blue" today....

[hotfinance14] 10/7/2007 20:07

Croydon strengthens partnership with Northgate Information Solutions
9/07/2007 [Trade / PR]


The London Borough of Croydon today announces that it has strengthened its partnership with Northgate Information Solutions, a leading provider of innovative technology solutions and services, by selecting it to deliver a new managed service for its revenues and benefits department focused on improving citizen service and delivering enhanced efficiencies.

Following the successful implementation of Northgate's revenues and benefits software in 2006, Croydon has entered into a five-year contract worth over £4.5 million with the company.

The managed service provides:

• a faster and more efficient service for Croydon's citizens and some of its most vulnerable communities – through providing a hosted data service, central helpdesk facility and technical support covering the systems and applications used by the revenues and benefits department;

• secure and reliable access to all of the Council's revenues and benefits information in case of disaster with data stored and maintained remotely in an environment that benefits from 24hr monitoring and comprehensive disaster recovery procedures;

• regular monitoring of the condition and capacity of all equipment within the data centre and clear performance standards enabling the Council to focus on continual improvement in overall service delivery.

Nathan Elvery, Director of Finance and Resources at Croydon Council, said today: "Croydon Council is committed to delivering a first class benefits to its citizens by adopting innovative practices and new approaches to our work. We are delighted to be strengthening our partnership with Northgate. Our working relationship is built upon trust and a shared commitment to meet the increased needs and expectations of local communities for enhanced services, whilst recognising the need to deliver more services more efficiently."

Joe Bradley, Managing Director, Local Government & Social Housing at Northgate Public Services, added: "Northgate's approach is one of incremental partnership. This offers our clients the opportunity to obtain a step change in service provision with lower risk and greater control. We are delighted to be extending our relationship with Croydon. The key to our successful partnership is our shared commitment to rising to the challenges faced by local authorities and by developing new and innovative responses to meet these. We look forward to building on this shared success to provide positive support in building better and more sustainable communities in Croydon and throughout the country."

[hotfinance14] 10/7/2007 11:17

Heading north today.

[hotfinance14] 09/7/2007 17:03

For a relatively small contract I dont expect an rns.

[eithin] 09/7/2007 16:33

should have waited. but confident 90p in not too ddistant future...

[kneath] 09/7/2007 16:25

hotfinance14 - I'm pretty sure that the management will be very much on that case. A comparable stuation to Manpower Software, who supply labour saving software to health authorites. Once they landed 1 or 2, others soon followed. No ramp intended!

[hotfinance14] 09/7/2007 15:23

NIS amd the Council staff should do a presentation to all the other coucils...we would then sign nearly all of them up.

[eithin] 09/7/2007 15:20

just increased by 10,000 on the strength of it. not showing advfn.

[kneath] 09/7/2007 15:14

Should see a 'k'ick up up soon!

[kneath] 09/7/2007 15:13

Hot off the press:

LONDON (Thomson Financial) - The London Borough of Croydon said it has
selected Northgate Information Solutions to deliver a new managed service for
its revenues and benefits department in a five-year contract worth over 4.5 min
stg.
Croydon council said the decision was taken following the installation of
the technology solutions and services provider's revenues and benefits software
in 2006.

[hotfinance14] 09/7/2007 07:50

Northgate the Van Hire company was tipped at the weekend so we should see a rise in NIS..lol.

[beercapafn] 08/7/2007 10:48

Hi Hot

Yeah... That has got to be a very positive move, the Dir buys must be good. They are not doing it for the Div'ie are they. !!!!

[hotfinance14] 08/7/2007 10:24

I dont think the board would sell for less than £1.20. All those director buys last week.....they are confident.

[jazza] 08/7/2007 10:19

for me the P/E is low........but P/Es don't factor in debt.

NIS have no problem servicing this debt but any talk of break-ups/takeovers would need to factor the debt into any take-out price.

I would have been happy if the recent potential offer had ended in my having £1 per NIS share as I think it was a reasonable price in the short term. £1 still wouldn't be something to sniff at IMHO.

J.

[hotfinance14] 08/7/2007 10:17

Increased turnover/profits/cash/dividend....what more can we ask for ?

[kenbachelor] 08/7/2007 10:07

Hot - The current P/E is just over 13, which seems to be about right for this company. I wish they would move higher, but I doubt whether we will see much price movement during the next 12 months unless we hear something very positive from the company.

[hotfinance14] 08/7/2007 09:57

I expect the dividend to be higher with 1p per share within 2 years.

With these forecasts the share price is vastly undervalued.

[hotfinance14] 08/7/2007 08:55

The FT has NIS turnover for the current financial year as £503m and £48m profit.I assume ARINSO sales are in these figures.

[hotfinance14] 06/7/2007 10:15

We are heading North.

[tillman] 06/7/2007 09:08

nice solid share and I'm back in after a long absence

I still remember the C.Exec's comment when he was woken up with a tel.call ref. the Bunsfield fire:

"I thought it was somebody ringing to tell me we were being bid for" or words to that effect....LOL

Good cash flow, results out in the open, director's buying, reasonable p/e etc..agree with the poster above in that I am not expecting fireworks with the share price but a fairly safe bet imho in a rather risky general market environment at present.

[aileron] 06/7/2007 08:57

Ive been in and out of NIS for approx 10 years. Wow is it really that long?! Thats a lot of newspaper articles......

I last sold back on Oct 4/06 for 95.75. I got back in on the 3rd for 79.5.

Im happy about the director dealings and steady progress the company is making. I dont expect any fireworks but more recently I have been putting my money into more secure companies. Penny shares are well in my past (bar one unfortunate holding!!!) ie The money from NIS sale back in Oct has done well in RDSB.

I always take a look at the BB before I buy. Any ramping, deramping or rubbish I walk away. Keep the good posts up chaps. 80p looks a good solid base.

Approaching 90p and I'll think of getting out again.

[hotfinance14] 06/7/2007 06:51

Is a re-rating on the way ?

[beercapafn] 05/7/2007 22:15

Yeh. !! I aggree, they make good aquisions, turn in a good profit, don't pay the directors a fortune, ride above the bunsfiels thing. and still it won't get to a rise in the share price that reflects that.

Not sure I can keep hanging on for decent lift. !!!

[hotfinance14] 05/7/2007 19:55

Staggering that the Director buys did not lift the price.