Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Your right about UK markets I have 5 stocks which performed better during the early stages of Covid then now. Week on week in decline and this is one of them along with CPI,THG,TRN and BOO, all now I'm holding on to hoping for better days
My guess is that it's viewed as a 'growth' stock; it has a forward PE of 22 and pays no dividends. The UK market has been in decline for 6m now and today is terrible for most stocks, with high PE/growth stocks being hit the hardest. I don't know why this one is so attacked in the UK though.
But why?
Surely not on trading updates and growth forecasts, doesn't make senses.
Cinecis riddled with debt, has a big court case just gone against it, makes a bit of sense, but why this one. Can't work out what I'm missing.
NETW came in at #6 this time (6'th most shorted stock in UK).
https://www.cityam.com/cineworld-hammerson-and-boohoo-the-top-10-most-shorted-uk-stocks-and-fund-managers-with-the-most-positions/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Top%2010%20shorted
@JG: markets are very weak atm.
The only area that has made me any money lately is energy, financials and some miners. I shut my eyes when scrolling down through the rest of my portfolio...
Canetoad
It's so frustrating when you invest in a good company seemingly going places, and it's allowed to be played so much.
Remember the reaction to last year's results in March, it was heavily rewarded , and despite sustaining growth and consistent TUs, its no where near where it was then.
JG68: this share is regularly in the top-20 most shorted UK shares. They play games with it, kicking it around. Running algos on it, etc. I'm stuck here like you and others.
In the current market conditions, they'll need to declare a divi in order to get any market interest. It's not a loved share.
It's a joke of a share really, or completely manipulated by crooks.
Every other payment sector company well up today, PayPal, visa wise, and this will end red.
Why on this sort of volume on such a positive day.
Can't wait to get out of this.
Yeh I got this so wrong considering how it was performing in 2020 now just a headache. I need another 85p to break even, going to be a long hold at this rate or cut my losses and move on
This isn't going anywhere anytime soon.
Other payment sector companies outperforming this on a positive day.
I know its my worse performing share for over 6 months, held up wellish yesterday, and no momentum following an excellent trading update.
The market hates this share and I dont know why down again
Oh dear not a good start to the week all round
Agree, update was excellent. Market sentiment is now bad unfortunately. At least we (almost) held our ground on Friday. That's more than a lot of other shares.
An excellent trading update, also if they to announce a possible future dividend that should get the shorts running with increase in the SP
Held up well considering the weeks sell off.
When you read this and forward looking statement, it's hard to understand what it would take to actually start moving this share North.
Every update is positive and on track, but the markets do not reward it appropriately.
Middle East and Africa-focused Network International said revenue in the fourth quarter of 2021 rose 30% annually and was 6% above levels seen two years earlier, so before the onset of the pandemic.
In the third quarter, revenue had risen 19% yearly but was 1% below 2019 levels.
"There is much to feel positive about, having ended the year strongly. We have made excellent progress on successfully refocusing our strategy to drive accelerated growth and innovation," Chief Executive Officer Nandan Mer commented.
"The UAE market has seen a significant rebound in consumer spending and international tourism, and it is encouraging to see our merchant business going from strength-to-strength. This has been supported by record levels of merchant sign-ups, reflecting our continued efforts to enhance our sales strategies, improve merchant on-boarding and continually bring new services to customers."
For the whole of 2021, Network International said it expects to report revenue of USD351 million, which would be ahead of the USD347 million consensus estimate. In 2020, Network International posted revenue of USD284.8 million, so the company expects growth of 23%.
Underlying earnings before interest, tax, depreciation and amortisation are expected to be "slightly ahead of market expectations". Its underlying Ebitda in 2020 amounted to USD112.6 million.
Earnings got a boost from newly acquired payments business DPO Group. It sealed the USD291.3 million purchase of the Nairobi, Kenya-based unit in September.
Meanwhile, the company is on track to enter the Saudi Arabia market during the first quarter. It has signed a processing customer "that is expected to become a key contributor to long term revenues", CEO Mer added.
Keeps getting played down everytime it reaches 300.
So manipulated by crooks.
Those shorts will be thinking do we close before full year results, will be interesting to see what they do.
Looking at the update I will now hold, was thinking of selling when I break even but I seriously think this has legs to get back to 4.50
Is the Network juggernaut about to gather steam!!!!
What's not to like, business seems to gaining momentum on all fronts.
Let's just hope there is not one of those payment sector sell offs at 3pm!
Pleased with the update market seems to like it ,lets hope the upward rise continues until results
Yeah another 841000 shares bought, every little helps. Be interesting if this rises again before Thursday, and if anymore short increases are disclosed.
Another .15% short reduction, I thought this would be the case as it has been a good day,hoping for more before Thursday and a higher share price
B----y hope so, surely has to turn a corner soon, providing the trading update is decent.
I think that this share is lumped in with tech when it suits markets, and not when they rebound.
I am desperate to be able to trim my holding, bad results next week will hammer me. Fingers crossed.
KP short reduced .15%.Les hope for more before 20th