Sec Newgate S.p.a Share Discussion Threads

[guildedge] 11/11/2021 07:38

Strong trading update. Dial has to shift sooner or later here. Cross selling going well. Looks like Twister should offer some cost saving by move.

See where share price heads as only daily trades appear to be Morton moving shares between funds. Not sure how much free stock there is.

[guildedge] 11/11/2021 07:38

Strong trading update. Dial has to shift sooner or later here. Cross selling going well. Looks like Twister should offer some cost saving by move.

See where share price heads as only daily trades appear to be Morton moving shares between funds. Not sure how much free stock there is.

[guildedge] 16/9/2021 21:31

So I totally missed this message about your results on 31/08/2021. Like all things the investors get them a day later. I guess they have to be approved by the board first. I did spot them just after 7am before they came out. You do like to do 1 RNS a month. Not sure if that is PR timing or just random.

It's kinda ironic UK being a star when for years Porta's whale in the room.
was the UK business. Mainly due to Morton's 12% loan costs and Newgate HQ office costs (Which they could not afford). Albeit once you cut out Redleaf/Newington office cost, reduced loan costs to 6% and slashed management costs suddenly there is a glimmer of light. Now with a new office with much cheaper rent that only adds to the UK bottom line. Porta was doing a lot of cost cutting and reorganising just before the merger with SECN. John Foley is no fool and has turned around many companies. Emma Kane is a very strong capable leader. Redleaf was always doing well and she is always campaigning for Cancer and other charities which people like.

This was always offset against it's Asian operations which always showed about 1.5m profits. I was once told the Australin business alone could be worth 15m. That was a few years back. With revenue up 10% compared to H1 2020 this bodes well. Maybe carrying forward H2 2020 performance.

I am still intrigued on US and China. In 2020 results they were only allocate 20k and 70k in revenue. H1 2021 results they were merged into rest of world. Albeit the US operation was very much a start up. In fact googling it found pretty much no results. Of course with PR you silently get on with things. From what I can remember the UK used to deal with a lot of the US clients including BNY Melon which was mentioned your 2020 report. Same could be true for China with Singapore and HK taking on clients.

Overall H1 figures seem to be good which makes H2 exciting as this always seems to be stronger part of the year. Especialy with the new Orca Affairs part of Sec Newgate operations now accouting for 6% of revenue compared to a much lower share before the acqusition. With hopefully office cost savings to follow.

Top 30 PR firm. This should gradually go top 20 as it sounds like you are planning more acquisitions in China and the US. Especially with Columbia also doing so well.

I seem to be one of the few people actually still following SECN in the UK. I always had a good ear to what was actualy going on but failed to sell before they ran out of money. Nice to know someone reads these posts.

Could well be in line for a Trading update in November or Jan if all going as well as you suggest and results show. Maybe I am too positive here.

[fiorediines] 10/8/2021 07:29

Thanks for your notes and observations. I'd like to add some info hoping they could be useful to better understand our situation.

We are working at an important plan of growth because we want to reinforce our presence in US (even if our start up is going well - the same for China's subsidiary).

In term of profitability 5 are the stars of business: Australia, Uk, Italy, Bruxelles and France; to this group by the end of the year we will add Orca Affairs the last acquisition in Germany on December 2020 (not a small one) that has made Germany our third market in term of revenues.
The next most important saving after the merger will be the new rent in London with a saving of about 1 million € starting from 2022 while the integration of the Group is making step forward and the inter-company business increases week per week.
In Italy (and not only)n we had few people on Furlough in the H1 2020 due to the pandemic emergency, but, luckily, all this seems to be behind us.
Lastly, during the Board of 31st of August we will announce our interim results.
Fiorenzo

[guildedge] 04/8/2021 21:39

Share drifting a bit but seems to be the usual exchange of share. Nice to get an actual dividend. Albeit most still nursing big losses.

Seraphim Capital did a 179m IPO which SECN seem to of helped with.

hxxps://www.privateequitywire.co.uk/2021/07/12/303236/seraphim-space-investment-trust-raises-approximately-gbp180m-oversubscribed-ipo

Seems more good news with cost savings on rent too. Not sure where they really are at with many in Italy on Furlough. But 600-700k Euros is a lot of money.

Hoping for a TU in next week or so if they are doing well. Be interesting to see what if anything the new German acquisition has added to the bottom line. Also how their office in China and US are doing. Is Australia still holding up as the star of the business?

Still think the true benefits of this merger with Porta are yet to be fully realised. Especially if they can cross sell and make major dents in new markets.

Maybe another bigger merger is needed with a US business? Keep slashing out head office costs and reach critical mass. That was what was supposed to happen with Porta but I don't think they ever managed to make the big mergers they hoped for. Sec should of been one of them 1-2 years earlier.

At present they seem to be announcing smaller acquisition every year or so. With brands being merged into SecNewgate.

[geraldus] 21/5/2021 19:04

Picking up steam nicely.I am suffering from dilution unfortunately and there doesn't seem to be much interest since takeover.

[guildedge] 21/5/2021 10:36

Thoughts on results?

[guildedge] 07/5/2021 21:15

Looking around. Someone suggested Paul Scott has told Stockopedia investors to avoid with bargepole? He was not happy with way Porta issued accounting and were effectively bankrupt.

Delayed trade on 06/05/2021 for 23k shares at 120p a share. Someone clearly thinks this will head much higher. 125k shares traded over 2 days. Considering how few private investors involved here funds certanly at work.

I think things look positive. See what results show.

[fillipe] 06/5/2021 08:16

Brilliant update today, includes this;

"We are extremely pleased with the result the Group has achieved which has outperformed our original budget for 2020, despite the global pandemic. The Group has demonstrated great resilience and has delivered on its promise by developing new opportunities, getting closer to our clients and stakeholders, whilst always putting the health and safety of our colleagues at the forefront. Our first ever dividend distribution, while small in value, is a clear signal of the excellent health of our organisation and our optimism for the future."

f

[nico9] 06/5/2021 07:50

Divi to be paid in June if voted for

[guildedge] 07/4/2021 20:36

Share still rising and trades of reasonable size for SECN? Do you have a theory on why this is rising? 100P soon?

[guildedge] 06/4/2021 18:40

Been like this for last few months with Azimut Capital Management SGR SpA seeming to soak up all sold stock from other funds/investors. Pretty sure they are one of the buyers here.

There was a scary moment a few weeks back where a sale went through at 62p. At present I think it is the same buyer and seller here. Albeit I can't prove it.

Maybe the small buys from directors is because they can't buy any more shares on open market? Otherwise they might? Is this still under valued? Find out maybe in June when results are released? It's a firm that is expanding into a lot of new markets. See if this pays off and if economies of scale can kick in with larger profits.

[fillipe] 06/4/2021 13:39

SECN - there's only 2k showing on the bid/ask, with the ask showcasing at 94p.
Most certainly a share which moves well on buys of any shape and size.

f

[guildedge] 09/2/2021 16:04

SP rising 3-6% a day here. Takeover maybe? Normally funds agree a set price and just trade in bulk. Here someone is buying up shares at higher and higher prices. Albeit confused as the directors clearly bought from whoever was selling.

If pattern follows share will rise 3-6% for nxt few days. Almost at broker price of 89p. Which considering where this was is quite incredible. I always thought the company was worth more than 16m. Issue was Porta debts.

[guildedge] 05/2/2021 16:36

Good day for old Porta holders. Now above the 16m mention when they first merged. Making money too. Costs clearly cut back. With another big merger economies of scale could kick in here.

36% on day and a possible directors buy?

[geraldus] 05/2/2021 15:11

Never say die. Gla all long sufferers.

[fillipe] 05/2/2021 10:27

Flying today!

f

[guildedge] 26/1/2021 21:47

So report out today from their broker rating it at 89p? Pie in the sky or under valued? Emma Kane was so good at selling with Porta. Now she just keeps topping up £10-15k each few months. The new merged group does seem to be making money now albeit Mortons Money is still bleeding them dry with high tariff loans.!FOLLOWFEED