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Thank you for your concerns and anyone I have spoken to I have highlighted the risks.
I also know funding offers are available, all the best on your investments and its great you are looking around the boards warning people.
Keep up the good work plenty of other companies to post snippets of the final results saying pretty much the same thing.
Baz, I can see you're getting in deeper here and hoping for a multibagger..
But the reality of NAK's situation is precarious to say the least, and the salient part of that RNS to me is:
"uncertainty to continue throughout 2020 and trading activity at all of the Group's businesses will continue to be affected in a negative way. As the various government support schemes are ended the Group will face a number of trading and cashflow challenges and without access to additional capital the Group's working capital situation may deteriorate."
They also allude to reduced volume of trading across the board.
I appreciate you're trying to ramp it up, but any potential investors should weigh up the reality.
I had a few quids worth but got out today.
Good luck though
10m rev
300k cash
600k mkt cap
In the right area tech
https://twitter.com/Bazreynolds9707/status/1308064311206711303?s=19
Looking for a few reveals in the upcoming update.
Lots of recruitment activities in Hong Kong and UK, reckon they have ditched Singapore to save costs.
Would be great to get some new services added to the buissines.
Nakama was desperate for cash in April?
OK who spent 3p buying 5 shares?
Sorry I meant control as chairman and old bod gone.
Tim Sheffield hasn't got complete control as First Point has a bigger holding than him at plus 29%, so any further buying from them would trigger a mandatory offer.
Sheffield only got complete control October last year, assuming some Covid related delays to things, its actually not been too long for the plan to come together.
I absolutely agree, a combined business with a ready made listing and additional revenue, whats not to like!
I agree absolutely, but that doesn't appear to have been the case thus far.
Something will have to give in the end and a combined business using the listing would appear to make sense.
But you would think when first group bought their shares they consulted with Sheffield first over some kind of strategy?
Sheffield Haworth bought their stake in 2017 and subsequently removed the board who had under performed.
Some of those former Directors subsequently sold and the shares were acquired by First Point in 2018.
The two as far as I can see, have not worked together and have not been acting in consort, yet!
I was thinking that they must be working togethor cant be a coincidence that the 2 hold just over 50% and that the size of their holdings reflect thir relative sizes.
NAK's major holders are two fellow recruiters in First Point 29% headed by Alistair Rylish with Sheffield Haworth on 24.4% and which is led by Tim Sheffield.
It's a bit of a conundrum that as they appear to me to have different agendas, hence the situation has appeared to be deadlocked.
Any coming together from these two would unlock value and provide a springboard for future upside.
Despite the shares edging up the current market cap is barely equal to the value of the listing!
Two larger private HR companies, one owned by the new CEO Tim Shepherd, own 53% of the shares in NAK. I think Shpherd only took control vecause NAK is listed, so i think it is possibly a RTO and merger of the 3 companies is on the cards leading to a group with £90m turnover.
No worries mate.
Obviously NAK is priced to go bust, but with a Trading Update coming in the next ten days I reckon we will hear that they have made good use of the various Government schemes and have resumed operations as their website and jobs shown indicate.
With exposure to digital technology jobs and financial they are perhaps in better place than others, they have unfortunately been squeezed financially.
An injection of capital is what is really required here to underpin in it, so perhaps we will hear something on that come the update or perhaps not.
It would also still make a very good reverse opportunity for someone and again, perhaps that could be on the cards.
Obviously Mr Reynolds believes something will happen hear to deliver decent returns from these bombed out levels, I think he may be right.
Thanks, thehierarchy - and apol's for my error...at least the 4.2% is right....doh.
He hasn't taken that many, that is the total shares in issue!!
Barry Reynolds has taken 4.2% of NAK - see today's RNS.
That's 117m+ of shares, so presumably a worthwhile future for Nakama.
Quite some high level of buy action, yesterday 4/9/20.
Certainly some chunky buys?
Get an unusual increase in trades normally means someone knows something
Surprised if news is close and hopefully the news is good
Trades today