Sec Newgate S.p.a Share Discussion Threads

[guildedge] 28/2/2022 09:41

All sold up at 111.32p. Still think with 6-7m Euro profits and cost savings next year it was worth much more.

[jimmywilson612] 18/2/2022 15:25

Yes Guild - thats what I did and the offer was at the 111.32p

[guildedge] 17/2/2022 17:20

So you won't get a secure message from HL you just sell as you would normally do so?

[jimmywilson612] 17/2/2022 16:31

Ignore me - went to sell them and got the 111.32 price

[jimmywilson612] 17/2/2022 16:21

Called up HL and they'll hopefully be setting up soon once they have received instruction by SECN

Has anyone managed to offload their shares at the 111.32?

[guildedge] 21/1/2022 09:24

Share just didn't respond to market news. There was signs in November. Brian Tyson did a video to say how well they were doing. November TU too. Plus integrating new units which were cross selling across SecNewgate network. Getting bigger deals due to coverage in Europe and Asia. Just no one buying stock as all tied up?

[jimmywilson612] 19/1/2022 19:29

Don't often find companies hiding good news.... Feel management and larger stakeholders will do very well taking it private

[guildedge] 19/1/2022 17:45

Wow figures for 2021 were off the chart!!!

2020 3.05m pbt revenue 65.33m albeit several acquisitions.
H1 2021 36.3m. PBT 2.3M.
2021 up to November 78.6m including acquisitions. 5.8m Euro PBT 10.6m EBIDTA!!
Excluding acquisitions 68.1m 9.7m ebidta. PBT 5m. So over 2 years profits nearly doubled! With acquisitions profits doubled! German market soaring from what I can tell. 1m Ebidta in November alone. Which means profits would of been much higher in 2021. You could add on 7m for december in revenue is my guess with 0.5-1m profit.

Most execs have formed part of new group. Loan costs slashed to 3%. So debt cost reduced. Likely paid down some of the loans too? 700k saving in 2022 with new UK office HQ.

SECN even with Covid were sailing! Porta never really got above £3-4m ebidta. Saddled with 12% loans and rent costs and huge salaries in London. All been stripped away and business is booming. New EU deal a major boost too.

See below in case you missed it. No wonder this fund wanted in quickly. I think directors will make millions here.


'Current Trading

The Company expects a strong performance for the year ended 31 December 2021, significantly ahead of budget forecasts, with over €1m of EBITDA delivered during November alone.

Unaudited consolidated results (pre-minority interests) for the 11 months to November 2021 showed revenue of €78.6m, EBITDA of €10.6m and a PBT of €5.8m. In the same period, organic consolidated results (excluding acquisitions) showed revenues of €68.1m, EBITDA of €9.7m and PBT of € 5.0m.

All major business segments have continued to deliver strong performances over the last two quarters.

At the end of 2021 the transfer of shares from Twister Group to SEC Newgate was been completed and SEC Newgate will therefore consolidate the figures for SEC Newgate ME, based in Dubai, from 1 January 2022.

Particular new business achievements include securing a three-year project funded by the EU aimed at promoting Italian food abroad; the project covers 11 countries and is worth about €5m over its term. The Company believes this project creates a solid track record ahead of future EU-funded tenders, and highlights the increasing trend in cross selling and intercompany business which accounted for over €300k of profit in the last quarter, with further significant prospects in the pipeline. '

[guildedge] 19/1/2022 16:31

Management if included will make a lot of money here. Especially if they become a global top 20 player. Which i hinted at before. This could easily be worth over 100m in a few years.

I should of doubled up at 30p or so. That said i should of sold Porta at 3p. Just didn't notice they were broke.

[fillipe] 19/1/2022 16:19

I was keen on these and took a goodly lump @31p in June 2020 ....also after losing a very big amount on Porta, so I'm happy enough with this current statement. Even so, SECN is a share I would have liked to keep for the long term, but not in unlisted form.

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[jimmywilson612] 19/1/2022 16:18

Seems like a quick turnover to make a small profit. Seems pretty secure they'll get the deal through, they have support and finance in place.

[guildedge] 19/1/2022 16:16

Buys piling in on funds wanting the extra 5p. 🤔

[guildedge] 19/1/2022 16:10

If you can buy at 104p you make 7p?

[jimmywilson612] 19/1/2022 15:55

The RNS suggests they already have the required support to push it through. Anyone who isn't part of that agreement will be offered the chance to sell their sales at £1.11p.

[guildedge] 19/1/2022 15:43

Yes £1.11 or nothing is how i read it. Means i lost 80% on Porta share. Was 93% when they landed at 39p. I think share is worth closer to £2. All they do is take market price and offer 20/30% premium. This is what i expected Porta to do. Do large deals. Slash cost and cross sell products and make millions. Sec did the job porta failed at. Porta just ran put of cash.

There is very little free floating stock here. Morton has controlled share price superbly. Unclear if intentional.

Him and Italian CEO will vote this through.

[geraldus] 19/1/2022 12:21

Yes as minority shareholders we are offered £1.11

[slevy8] 19/1/2022 12:02

So they pay us £1.11 a share ?

[geraldus] 19/1/2022 11:53

Game over then.

[guildedge] 10/1/2022 17:03

Updated thread with charts/RNS and news.

[guildedge] 17/11/2021 21:42

SEC Newgate enter the gaming market! Sort of.
hxxps://europeangaming.eu/portal/latest-news/2021/11/17/104043/bacta-boosts-communications-with-sec-newgate-appointment/

[guildedge] 15/11/2021 21:07

hxxps://www.telummedia.com/public/news/telum-talks-to-brian-tyson-deputy-ceo-of-sec-newgate-and-managing-partner-of-sec-newgate-australia/z0v802n9lq

Good video from Aus division albeit a month old. Seems really positive. TU was no real shocker. The main issue is no one but Morton's fund trade here. So no share price move yet.

[guildedge] 12/11/2021 22:05

Well I called the November TU before it came. All the posts on their Twitter seem to be about hiring more staff. Including a video about how many IPO they have done. What I am not sure at present is what a fair value for SecNewgate. As those in the know will not sell up. Which means the usual market forces can't adjust the share price here.

On a normal share a TU like this would of caused a 15-20% surge in price. The Broker Arden raised its forecast 5% on the Central Eastern European expansion 6-7 months ago.

We will have to wait for the new year to get a further TU or closing statement. My gut is next news will be an acquisition. Fiorediines suggested it below and his TU followed what he had previously said below.

The idea is each new acquisition will grow business and create cross selling across the entire group. As long as this holds true the only way this share price should go is up long term.
Look at CEE and Germany acquisitions. Increased profits should mean dividends long term.

At some point they will look to a big merger or a takeover. Huntsworth on it's turnaround went from 37p to 131p. Eventually sold around 110p or so? Right now £2-3 is just wishful thinking. This needs more takeovers like the German one that add real value to bottom line and economies of scale. GLA

[guildedge] 11/11/2021 10:27

Arden have done a broker note today. No idea what it says.

[guildedge] 11/11/2021 09:13

Sadly only trades so far seem to be Mortons fund shifting stock about. They have been doing this for months. Must be tax reasons for it.

Broker report would really help here.

[geraldus] 11/11/2021 07:43

Yes,on its way.My breakeven in the distance.