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There are lots of buys happening expect this to move quick when it ticks up probably on the back of IC tip
Tipped again today by Simon Thomson with a new fair price target of 36p or 20% potential upside
Good luck to you. Any profit is good. Have had a look at WSG, but nursing a sore head after today with most shares down. I am invested in GBO which looking at its fundamentals and recent news is an excellent company. Unfortunately because it is based in Greece it gets hit everytime any poor news comes out of there, although it is divesting of its Greek businesses. Very frustrating. Every time we think things have calmed down something rears its ugly head again. Just when I get back into profit, it falls again. Sort of getting use to it, but boy, is it frustrating. Even the best of shares have got hit today, although NET seems to have escaped. Regards CM
I didnt have much here either but made £150. Thats a lot for me these days! Anyhew... check out WSG in your research if you havent already done so... worth a look. Long term and short (as I am). Not long in any share these days for me! GL here -I will likely be back.
Netcall's Chief Executive, Henrik Bang, said the deal increased the opportunity to drive further cross-selling across the group's 700 strong customer base. "The combination of Serengeti's ECM solutions together with our BPM and intelligent contact handling portfolio provides a compelling value proposition for our customers," he said.
Call centre technology firm Netcall rose strongly after it announced the new financial year had started well, with sales orders significantly up on the previous year. The company reported revenue in the year to the end of June up 7% to £14.6m, with pre-tax profit up 273% to £2.05m as the firm pulled in new clients and cross-sold its products. It announced a dividend of 0.5p per share, an increase of 25% on the maiden dividend it made the year before. Netcall also said it had bought Serengeti Systems, a provider of information management software to the UK public sector. The firm said the deal would cost up to £2.9m and was expected to be earnings enhancing in the current financial year. Serengeti has a customer base of over 40 public sector organisations, who use its software to manage information, including paper documents, forms, emails, instant messages, and electronic documents. The customers include the University of Cambridge, Trafford Council, Forestry Commission and Metropolitan Housing Partnership.
Good evening Babbler. Well done on banking some profits. I could have done the same, although with the small holding I have it wouldn't have been much. I was not investing in here for the quick, sharp (or blunt) profit. As stated in my post this morning I have done extensive research before investing; covering ALL shares in both the FTSE All Share Index and the AIM All Share Index. NET was one of the few shares which came close to matching the strict criteria I have before investing. I think it was possibly only the share chart which held me back previously, plus awaiting developments, oh, and wondering if I already had enough invested in the market, which I probably had. I will be happy for this share to make me, what, 10% year end, possibly 20% in 6 months which is far, far more than we can possibly get by investing in a bank or building society!. Of course I would like far more, but steady growth is easier to live and sleep with than a share which I have to live by the seat of my pants. I no longer have the stomach for those shares and there isn't much seat left in my pants these days!. No, those shares have lost me too much money and sleep. Mogie - a share which is truly worth investing in today, will probably still be worth investing in tomorrow. Take a look at the fundamentals for NET, they are very good. If in doubt then the best policy is usually to wait until you are sure about investing. I have less than 5000 shares, happy with what I have. Naturally, there is risk in any share we invest in and NET is no different. Unfortunately the spread can be large on some of the smaller shares. The spread here is over 7%, but the true spread is probably around half of that with the broker taking their best price, making it more bearable and more realistic. Good luck whatever you do. Regards all CM
Banked some profit. Probably regret it...
29P Coming to that 30P Resistance riddler :)
ALSO - the aquisition wasnt priced in ;)
since the results announced 2 months ago...
It hasnt risen since the results announcment? 27.5p to sell.
What did you think? Nice results... Id like to see it break 30p today... question is when to sell to go to WSG ;)
LOL - Morning. This was always a "trade on results" share for me - want to go to WSG with any profits - assuming market likes the news? So will likely sell today and may come back :). But a good share to be in! :)
Good morning Babbler from a very wet Cumbria, not stopped raining for 2 days (must know I'm on holiday). Found this share by extensive trawl of indicies looking for strict criteria to be met. Although not all of the criteria was met, most was and NET came up 3 times on the same trawl over a no. of months. Doesn't guarantee anything of course, but most of my other investments based on the same criteria are in profit (hope that doesn't put the mockers on things). Question is, now the news is out, can I, dare I invest what little left I have?. Regards CM
"Debt-free balance sheet with net cash funds of £8.43m (2011: £5.89m)" Take £2.9 million away for profit boosting aquisition - STILL a great result.
Operational Highlights · Significant growth in new orders · Expansion of customer base across NHS, Public Sector and Contact Centre markets · Substantial increase in cross and up-sales from existing customers, demonstrating strength of enlarged product suite · Continuing efficiency focus, delivering improved margins · Continued investment in product development, including launch of multi-channel customer interaction capabilities
Overly excited there - but its one I found and got into without ramps! lmao. Cheque - thanks for joining in. ;)
Expected to enhance earnings THIS financial year :)
Netcall plc (AIM: NET), a leading customer engagement software provider, has acquired Serengeti Systems Ltd ("Serengeti"), a provider of Enterprise Content Management ("ECM") software to the UK public sector, for a maximum consideration of £2.9m. The acquisition is expected to be earnings enhancing in the current financial year. Serengeti, which provides a suite of Document and Contact Management solutions, has an established customer base of over 40 public sector organisations, including the University of Cambridge, Trafford Council, Forestry Commission and Metropolitan Housing Partnership. ECM tools allow the management of an organisation's information such as paper documents, forms, emails, instant messages, electronic documents, spreadsheets, wherever that information exists. Adoption of ECM solutions gives organisations the ability to reduce operating costs, increase productivity, increase customer satisfaction and improve business continuity. The Board sees an opportunity to integrate Serengeti's ECM product suite with Netcall's Business Process Management and intelligent contact handling capabilities, allowing customers to improve and automate business processes. With the addition of over 40 customers, the acquisition provides opportunities to cross-sell both product suites to an enlarged customer base and Serengeti will benefit from access to Netcall's sales and marketing platform. Netcall will pay an initial consideration of £2.0m in cash subject to a completion account adjustment. In addition, a performance related consideration of up to £0.9m will be payable in a mixture of cash and shares dependent upon the achievement of certain targets in 2012 and 2013 by the acquired Serengeti business. Any new shares allotted as consideration will be priced on the average mid-market price preceding issue. The cash element of the consideration is to be funded from Netcall's existing resources. Serengeti reported revenue of £1.6 million and profit before tax of £0.3 million in the year ended 30 November 2011. Its total assets less current liabilities were valued at £0.7 million for the same period. Henrik Bang, CEO of Netcall, commented, "This earnings-enhancing acquisition is an important part of our growth strategy. Serengeti expands our product portfolio and increases the opportunity to drive further cross-selling across the Group's 700 strong customer base. The combination of Serengeti's ECM solutions together with our BPM and intelligent contact handling portfolio provides a compelling value proposition for our customers. "The Board continues to evaluate opportunities for further consolidation in the marketplace."
Revenue increased 7% to £14.6m (2011: £13.6m) · Adjusted EBITDA(1) increased by 26% to £3.47m (2011: £2.75m) · Adjusted earnings per share(2) increased 30% to 2.04p (2011: 1.57p) · Dividend of 0.5p per share proposed, an increase of 25% (2011: maiden dividend of 0.4p per share) · Revenue of a recurring nature(3) of £10.0m corresponding to 68% of total revenue (2011: 68%) · Cash generated from operations increased 77% to £3.90m (2011: £2.20m) before acquisition and reorganisation payments · Profit before tax increased 273% to £2.05m (2011: £0.55m) · Basic earnings per share increased 157% to 1.49p (2011: 0.58p) · Debt-free balance sheet with net cash funds of £8.43m (2011: £5.89m) 273% INCREASE IN PROFIT BEFORE TAX 157% INCREASE IN EARNINGS PER SHARE! AQUISITION TODAY! EXCELLENT! :)