Northgate Information Solutions Share Discussion Threads

[hotfinance14] 16/8/2007 20:24

Newcastle and North Tyneside councils select Northgate
13/08/2007 [General]


Northgate Information Solutions today announces that it will implement and support a new email, calendar and archiving system for Newcastle and North Tyneside councils, following a joint procurement exercise designed to deliver efficiencies for both authorities.

The new system aims to deliver business benefits to both councils, enabling staff to work more efficiently and collaboratively, improving the resilience and security of data, and improving customer service.

With local authorities increasingly looking to improve outcomes for citizens through sharing services, the procurement was undertaken as part of an ongoing programme to strengthen partnership working between the two councils.

Under the five-year contract worth over £1.8 million, Northgate will provide infrastructure and services designed to deliver a secure and efficient email, calendar and archiving system for Newcastle's 7,000 users and North Tyneside's 4,000 users.

Both councils will be provided with:

a highly reliable system that prevents unnecessary downtime, with data stored off-site to facilitate business recovery;
confidence in the security of their email, through anti-virus, anti-spam and content filtering functions;
efficient archiving processes, ensuring that data can be stored and retrieved in accordance with best practice.

Terry Goulding, Infrastructure Services Manager at Newcastle City Council, said today:
"We are pleased to be working with Northgate to deliver a robust and sustainable email service for our staff. Through undertaking a joint procurement exercise with North Tyneside Council we have also realised additional efficiencies, and we look forward to strengthening this partnership further over the coming years."

Steve Wride, Infrastructure Manager at North Tyneside Council, added:
"We are committed to providing staff across North Tyneside council with the information they need to support them in their work. Working in partnership with Northgate gives us confidence that our email is being managed correctly, and we have worked closely with Newcastle City Council in order to deliver an efficient procurement."

James Turnbull, Managing Director of Infrastructure Solutions, added:
"Email should facilitate good communication for local authorities, not hamper it. With over 85 billion spam emails sent every day around the world, and councils increasingly concerned to meet best practice in relation to data protection, it is essential that hard-pressed staff are freed up to focus on what they do best – delivering responsive services to citizens. Our email services are designed to support organisations in streamlining processes, reducing administration and improving communication, and we are delighted to be working with Newcastle and North Tyneside councils to do just that."

[neefax] 16/8/2007 16:04

Grlz

Thanks for the response, I'm ready to purchase some of these again. I sold out at 84 p a while to finance my divorce.

[grlz] 14/8/2007 15:27

oranges - I have added at this level but I'm more involved in the oilers as near-term their more attractive to me... BUT NIS longterm looks very solid - imho a buyer would still need to offer 95/100 to take this out.

NIS has risks which are the focus of the market's attention but basically if Stone can pop out an early success regarding the intergration of Arinso, this will fly imho

DYOR

[goalkeeper] 13/8/2007 21:20

This is back to the main levels I bought at. LOL (altho I have some a lot cheaper)

Still gonna hold and if there is any further weakness will add.

GL all.

[hotfinance14] 13/8/2007 20:39

I am here for the long term.

[littlemadam] 13/8/2007 20:19

been talking to NIS employee. company going great guns and management breally bullish, hence their buys a few weeks ago. I do not hold so offer this as info. stay with it guys.

[slaterlp] 12/8/2007 23:46

Yes, i think 68 or 69 is a great price. Any buyer is still going to have stump up at least 110. Nothing has really changed only the share price on the market. But Like i said, i think its worth a gamble on further falls.

So if oyu think it is still a takeover target, and you prove to be right, then there is only gain to be had. At worst case in say 6 months or even much sooner, you could be quids in with or without a takeover.


Look at it this way. Which is how I did, but failed to take it further. Are you confident enough to hold your current stock of NIS, or spooked enough to sell them?

If you are confident enough to hold them even though they have been marked down,then why not top up at this low price?

These big Market falls, are ALWAYS a time to buy the right stocks. And this is a big fall, and could be even worse as this easy credit thing unfolds. Thats why I think I will see what monday brings. Another 200 point fall on the FTSE would surely knock this down even more, and it will have little to do with how much NIS is really worth or how it will do in the future.

Of course maybe after the weekend the falls may reverse as senses and hence confidence is regained,in which case i will just continue hold. But at anything less than 100p now i wont sell any NIS

[superglide] 12/8/2007 21:57

90-95p buyout now, bring it on that'll do, lets say goodbye (good buy lol) to nis - please. End the years of pain. aimho dyor etc ... all usual disclaimers apply. btw which way is east?

[oranges] 12/8/2007 20:43

GRLZ

I appreciate your views, but would you buy at thecurrent level, 68 - 69 pence? I still have a belief that its a tempting takeover target (notwithstanding the current market issues over borrowing) by the likes of Capita who undoubtedly could make fairly rapid cost savings by stripping out duplicated head over costs etc. What do you think?

[grlz] 10/8/2007 13:02

ards - Agreed I have not seen this level since mid 2005

my two cents - there is obviously a risk whether NIS can progress it's business forward in a more depressed economy - BUT the company has always maintained a robust cashflow based upon solid reliable contracts.

I can see why the share price has dropped Arinso is seen as an expensive acquisition which has been majority funded by debt - if the same deal was being done today it would not be attracting the same premium price.

This disadvantage aside Chris Stone has a history of successfully integrating buys using the same mix of debt/equity e.g. Carapeople, Rebus, Sx3 plus on his appointment he converted MDIS, a company on the brink into a profitable and stable FTSE250

I think the share price fall is overdone the credit facility NIS secured with Barclays is hedged and placed, it's not an LBO syndication subject to possible credit problems - the consideration shares offered to Arinso's founder are locked up and Northgate's balance sheet still has some slack - imho the PE at this level looks attractive.

DYOR
grlz

[ards] 10/8/2007 10:28

off 17% past few months. pe of around 8. volatility likely but must represent good value if you can afford it.

[oranges] 10/8/2007 10:13

GRLZ, are you still around. Do you reckon its a good time to buy back in?

[tsmith2] 10/8/2007 10:12

results to y/e april 2007 were announced a little while back. sub 10 P/E for such a growth stock and recent management buying - bought in, hugely oversold.

[hotfinance14] 10/8/2007 10:01

Superglide...annual report date ?

[jazza] 10/8/2007 09:30

If bad news had leaked and caused a drop of this scale.....they would surely
HAVE to bring the news release forward.

Friday pm is the best time to drop bad news so I'll be watching the newsfeed.


I've said it before and I'll say it again.....they should have taken 110p when it was on offer. Rejecting it was nothing to do with shareholder value and everything to do with Stone's empire-building intent.

[superglide] 10/8/2007 09:27

or bad news to come on tuesday? annual report date isn't it?

[ards] 10/8/2007 09:14

not sure if this is problem. could be debt market problems may make funding ariso a problem. or perhaps value of ariso now perceived to have fallen. not sure. something not right. Think a distressed seller or insititution moving into cash most likely.

[milacs] 10/8/2007 09:12

drnker50

I guess it's the uncertainty factor.

It is difficult to get a good feel for this company because they are always on the aquisition trail.In fact there are still a bunch of shares out there from the Rebus t/o.

Trying to analyse figures from their reports is a bit like grabbing hold of quicksilver.

Maybe the market does not like the recent aquisition of Arinso.

Who the heck really knows, I take solice from the fact that in July six directors boght shares at 82p in the open market.

M

[desperate dan] 10/8/2007 09:07

imho, it is Stone's ego and his over eargerness to build his own personal empire which is perceived as the problem.

The reality may be that his overseas forays may actaully be a good fit - but the perception amongst the fund viewers is that he is over stretching, instead of concentrating on delivering true shareholder value.

Good company, but being quite poorly managed at present - in terms of strategy.

[ards] 10/8/2007 09:06

must be a distressed seller or perhaps view that no longer a private equity buyout on cards. sold half my holding today at 70 but may take a dip back in.

[drunker50] 10/8/2007 08:57

I cannot see why nis is being hit so hard, it isn't in any of the sectors that caused all this donwtrend IE- banking, hedgefunds, yet it is being treated worse than most banks???.

[hotfinance14] 10/8/2007 06:47

New service to revolutionise elections management by reaching out to diverse communities
8/08/2007 [General]


Four out of ten voters could benefit from a new service aimed at increasing the efficiency and effectiveness of elections management, and meeting the needs of local authorities and their citizens within a modernised voting system.

Northgate Information Solutions, a leading provider of innovative services to the public sector and utilities markets, is collaborating with local authorities throughout the country to develop its service at a time when councils are under pressure to respond to changes in the democratic process.

The state of the art elections management system, currently being trialled at a number of councils, will deliver:

• The most up to date, accurate information at users' fingertips through the development of a single fully-integrated search engine, and the introduction of wizards simplifying processes for electoral administration officers and speeding up administration time;
• Closer interaction with diverse communities throughout the UK with the implementation of an advanced language facility, looking to engage with marginalised voters;
• Greater efficiency and effectiveness in locating electors through the use of a GIS (Geographic Information System);
• Easily-accessible and accurate historical citizen information with the introduction of a comprehensive electors database.

The service will be available to existing clients from the end of the year and to local authorities nationwide from early next year. Northgate currently administers electoral records for over 18 million registered voters, and has recently signed over 80 contracts for postal vote identification systems with local authorities committed to eliminating fraud in postal voting and to modernising their electoral systems.

Russell Osborne, Managing Director of Land & Property at Northgate Public Services, said today:
"Our services are designed to confidently address issues surrounding modern democratic elections systems, whilst assisting local authorities from beginning to end – registering elector information, producing electoral registers, and managing the election itself. This radically improved service will be a great benefit to both citizens and electoral administration officers, enabling them to reach out to wider communities and encourage greater public confidence in the democratic process."

[hotfinance14] 09/8/2007 19:38

Just be patient with this one.

[beercapafn] 09/8/2007 19:01

Hi Hotfinance..
You must be a bloger who does not understand investments...

If you buy at at £ 0.84 and the current price is £0.72 that is a loss...

Even if you are a director of NIS...

You lose money.. You could have bought at a lower figer.

Stop posting, you talk like a tea lady at NIS.. all air.. and no substance.

I hope all on the alert system read this.

I expect you will change your name, but we will spot your sic'afantic poste's