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Loading up on nak with 2 or 3 trades a day totalling around 1k. Yes people queuing up to buy in here.
Recruiters inside the industry are loading up on NAK (like First Point) and financial managers own a big chunk (like Milton Asset). Basically, everybody is buying here, except PIs...
I wonder if Avocet ever gets bored of being wrong.
lol, 3 trade totalling £1200. yes, a lot of interest in this share. Looks ready to nothing.
This looks ready to push past the year-high of 1.7p, and then the 2-year high of 2.0p is easily within reach.
This is a timeline of recent changes at NAK and why the shares have doubled and have more huge upside potential...
* Nov 06th, 2018 = First Point (a big recruiter) pounces from zero and buys 24% of NAK in one transaction...
* Nov 20th, 2018 = NAK results deliver first profit in years...
* Nov 26th, 2018 = First Point increases its stake to 29% and a whisker away from the 30% takeover threshold...
* Dec 13th, 2018 = Ken Ford, a NAK Board advisor, ups his stake in NAK from 3% to 4%...
NAK shares today are valued at 3-5 times fullyear operating profit. Rival recruiters, like Hays, sit circa 10 x operating profit. And, of course, First Point owns 29% of the firm, and Sheffield Haworth (a rival recruiter) owns 24% of the firm.
Rising profits + potential takeover + potential bidding war = excellent share price.
This share is up +125% in 7 months, and +70% in the past 1 month. It has strong upward momentum. Combined with several large purchases in recent weeks, such as First Point with a 29% stake, just below the 30% takeover threshold, you can see a clear pattern evolving here.
Yet another employee close to the company has upped their stake here today. Every other week, there is a big buy. Ken Ford, a Board advisor, has increased his holding from 3% to 4%. Just 6 shareholders now own 75-80% of the whole firm. The pieces of the jigsaw are tucking into place.
Oh dear. Badly down. Not looking good for the future here.
NAK "gearing for a bull run"...
https://steeleherald.com/2018/12/09/gearing-for-a-bull-run-nakama-group-plc-nak-l-moves-1-27-for-week/
Tickup coming. Volume picking up sharply.
Looks like First Point over the 30% so mandatory bid must follow if the case or reverse in.
RNS out...
Looks like somebody has bought another few percent of NAK.
Takoever chatter...
If one thinks a (heavily streamlined and remotivated) NAK can make £1m operating profit in 2020, factor in a conservative 10x PE ratio (like Hays), then somewhere around 6-10p looks like a fair price.
It is worth noting that just 7 shareholders (like First Point) now own roughly 80% of the entire company. There are very few shares in free-float.
Presumably if NP goes for a full bid, it will no doubt be to make use of the listing.
The NAK quote alone must be worth circa half a million, then you have a business that has returned to profit and is capable of delivering improved NFI without further investment.
Plus, given SH paid 1.8p for its stake, any bid tabled would surely have to be north of 2.5p to have a chance of acceptance.
Even that would seem cheap and it is most likely that SH aren't in the market for selling given the changes they have implemented, perhaps more likely to table a bid of its own.
Interesting times here and the upside would appear to far outweigh the negatives.
A clear uptrend is now emerging at NAK...
1. The loss-making Australian offices were closed in Q3 2018.
2. The struggling "old" Managing Director was shuffled aside and out of the way in Q3 2018.
3. Total worldwide headcount (costs) were slashed by -23% in Q4 2018.
4. Profits returned, for the first time in years, in the most recent results in Nov 2018.
5. The Board says revenue-per-head is now going up.
6. A "new" finance head is appointed this quarter and his main job is to "drive the cost-saving programme".
7. First Point, a big recruiter, has now upped its stake in NAK to 29%. A whisker away from the 30% takeover trigger.
Lower costs...
higher revenue...
higher profits...
possible takeover...
possible bidding war...
The outlook is strong here.
RNS out...
First Point, one of the world's largest tech-recruiters, has todqy upped its stake to 29%.
Sheffield Haworth, a rival tech-recruiter, also owns 24% of Nakama.
Two big (rival) recruiters now own 53% of NAK.
Feels like a bidding war is on the horizon...
What has HVO got to with NAK?
For the chartists out there...
Based on every single one of 17 charting moving-averages, like EMA or Ichimoku, this share is now a clear buy.
The Enterprise Value (MRQ) calculation is currently pointing to 2-3p as the next leg-up.
Problem is where is the next news? They aren’t hot in the PR front so no one is interested to be frank. I have some NAK but won’t be holding long they can’t figure out to promote the company! Why aren’t the directors buying?
Excellent results showing the new team has cut, culled and turned around.
A work in progress obviously, but prospects look increasingly positive.
Net fee income equaled that on the previous period but with 20% plus less head.
Dead wood has been and continues to be cleared out, paving the way for more proactive players.
As it stands, this could be doing £600k plus pre-tax next year, quite possibly more with operational support from its key shareholders Sheffield Haworth and First Point. The market cap of circa £1.2m is paltry and the shares are looking cheap.