GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
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Interesting to see tech company EnSilica (ENSI) up 10p (20.4%) to 59p already today, after a press tip this weekend:-
" ... EnSilica chips also allow firms to monitor the safety of their appliances and carmakers turn to it as they become increasingly high-tech. ...
Brokers expect a 30 per cent increase in revenues to £19.8million for the year to May 2023, rising to £23million in 2024 and more than £30million the following year. Profits are around £1million today but should rise sharply over the next three years.
Midas verdict: Lankshear and Hodgkins combine tech know-how with commercial nous and EnSilica is well-positioned in a growing market. The shares are 49p and deserve to move higher. Buy.
Traded on: AIM Ticker: ENSI Contact: ensilica.com or 0118 321 7310"
https://www.thisismoney.co.uk/money/investing/article-11446953/MIDAS-SHARE-TIPS-Cash-UK-pioneers-chips-everything.html
This followed the company's final results last month:-
https://www.lse.co.uk/rns/ENSI/final-results-oxcst7denbmj43f.html
ENSI's turnover is currently significantly lower than NWT's, but its market cap. at 59p is £44.4M.: nearly fifteen times higher than NWT's current market cap. of c. £3M. at 32.5p.
Enjoying your posts Hedgehog but EnSilca is a very different business.
There are a number of issues with Newmark that hold back the valuation but the main one is the family and shareholder control over the business. They control the business and make it the usual investor pressures very different. Most of the significant shareholders do very nicely out of the business as they receive some renumeration from the business. The rest of us shareholders are left a bit in the cold and this puts off a lot of investors.
The only way to get an increased valuation here is for the profits to start flowing and for them to be embedded in the business. Not swinging from profit into loss, profit into loss.
We did very nicely when the profits were flowing, nearing what today would be around £2.50 a share, but the profits didn't last and down we came.
I have for a long time been pushing for deals that involve reoccurring income through licences and maintenance which can underpin the revenue and remove some risk from trading. Too many times in the past slowdown in revenues against a fixed cost base have hit profitability. With no AGM I have not seen or heard from the management in a while.
However, we are now building in embedded reoccurring income and the expansion into the US is going really well. Costs seem to be under control and we are building price increases in to mitigate inflation. So I hope this really could be the bottom. In the end it will all come down to the numbers for this trading year and then how we can demonstrate this is not a one off. If we can pull that off then maybe 100p is a 12 month target, if we can do it again for a second year and show further potential then 250p could again be hit. 24 months we could be 8x higher than we are today in share price terms but they have to hit the numbers!
Thanks Dab. Some useful input there.
As you know, NWT underwent a 50:1 s.p. consolidation jus over a year ago (11th. November 2021), which is a sign that the company is attempting to enhance its investment appeal.
Bearing in mind the evolution of its business model to one with more recurring revenues, do you think that a change of name could complement this s.p. change?
Newmark Security sounds a bit 'old hat', and something new and 'sexier' could perhaps help to highlight how the company is changing., for the better.
The company should of course be holding its next AGM soon, after the imminent final results, which could be an opportunity for a name change resolution.
I don't mind the name Newmark Security and I expect it carries some weight in the market for the products they distribute, don't forget there are sub brands underwhich products are sold. Rebranding and the associated costs of agencies, websites, materials, legal contracts etc would cost as well as management time when we really need to be concentrating on hitting numbers and driving a profit. Nothing wrong with rebranding when we can pay for it out of profits if the business case stands up (needs a bit of research into whether it'll make enough difference to investors/customers). I am in the camp of the numbers must do the talking.
Thanks for the feedback Dab.
It was just a thought, and I was really thinking in terms of the name of the share: this doesn't necessarily have to be the same as the operating company and its associated brands, so the operating name of Newmark Security could still be retained if desired, with a different name for the share.
But does the company actually sell anything as Newmark Security directly?
The company's two businesses are Grosvenor Technology & Safetell:-
https://newmarksecurity.com/