Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Point of Consumption tax In the March 2013 Budget, the UK Government confirmed its intention to apply a 'Point of Consumption' (POC) tax to operators providing remote gambling into the United Kingdom. As widely reported it is currently expected that the POC tax will be applied from December 2014 and charged as 15% of net revenue. As a leading operator within the UK gaming market, NetPlayTV will pay such POC tax on the majority of its net revenue. We estimate that the potential effect of the POC tax on the Group, if the regulation had been in place during 2013, would have been a reduction of circa £1.7m in profit for the year after incurring a gaming tax charge of £4.2m and implementing applicable contractual offsets and cost base efficiencies as outlined in points 1 and 2 below. 1. Contractual offsets: NetPlayTV has a number of contractual offsets with suppliers, where the revenue generated is directly linked to the amount payable to a supplier, and the potential additional cost due to the POC tax will consequently reduce the amount payable to these suppliers. 2. Consolidation of locations and cost base efficiencies:NetPlayTV currently runs two TV operations: one in the UK and one outside the UK. The Group may look to consolidate this into one location within the UK and has also already identified further cost efficiencies that can be achieved. In addition to these two factors, the Board believes there are further opportunities for the Group to pursue as a result of the POC tax charge, including: 3. Opportunity to take market share and consolidation: There will be competitors within the UK gaming market who will have very low or negative profits after the introduction of the POC tax and maybe forced to exit the market3. NetPlayTV is well positioned to take advantage of a potential increase in market share. This also presents further opportunities for NetPlayTV to take part in the inevitable consolidation within the industry. 4. Operational gearing: While the POC tax will impact the EBITDA margin, the operational gearing in the business means that the EBITDA margin will rise again as the business continues to scale. 5. International expansion: Expanding our customer base internationally is a longer term objective and will further counterbalance the POC tax impact on our business.
partly cos I am under the strong impression that he has not focused on HGI sell down (?made the same error at THAL)...but more substantially, the regulatory risk is clear and imminent...even the company estimates a substantial hit...and on the pro-forma the company provides, these shares aint trading at low multiples ...not yet ...all opinion only
So many buys at 13p but sp not moving. This is likely to stay here until all Henderson's sells are bought. Then those who got in today should see decent rise and dividend.
I am seeing lots of people taking position at 13P. Bargain due to Henderson's selling some of their holdings. RNS out.
I got 100k at 13p today. This was bargain basement for Simon Thompson of IC at 18p! It surely is now!
13p to buy, so brilliant just for the dividends!
23-May-14 Sanlam Securities Buy 26.00 26.00 Reiteration
opm, thal, apc (pls check each yourself before you make your own mind up!) ...at least for a decent sell down ...no advice intended
Anybody know if hendersons are selling all their holding?
Large trade at 14.32p at premium
ST is not paying enough attention to tax and further regulatory hits to profits here ..imv
This was the report in IC earlier in the week. So far only ST in IC is being positive on this one...and me!!!
FTmoney reports today 'a punt worth taking' yes affected by World Cup but final comment....'on any basis, Netplay shares offer value' Sounds pretty positive stuff to me Cheers mateys
too busy watching footy
Was net play affected by the world cup?
in finals on possible effects of tax change...not sure ST has factored in regulatory risk here...many (perhaps particularly in Labour/left of centre) would see much of NPT's business as ...well...not exactly socially brilliant
down she blows...MCAP at whacking premium to TNW...forward visibility weak...so "floor" at historic EV/EBIT c5-6?...c 10p?? ..DYOR
seems like monster background sell
Today from IC's ST: "I feel that there is far more upside than downside to this lowly rated company on a medium-term basis. Ahead of the release of the interim results on 11 September, I would be looking to use the current weakness as a medium-term buying opportunity and one that offers almost 100 per cent upside to my fair value target price of 28p. On a bid-offer spread of 15p to 15.25p, I rate Netplay TV shares a buy."
Q2 KPIs and POC Update NetPlay TV plc (AIM: NPT), the interactive gaming company is pleased to announce its Q2 KPIs and trading update. § 38% increase in new depositing players to 20,607 (Q2 2013: 14,906) § 33% increase in quarterly active depositing players to 37,691 (Q2 2012: 28,261) § 5% increase in total net revenue to £7.4m (Q2 2013: £7.1m) § Over 50% of all new customer registrations have come from mobile or tablet Growth in new depositing players and total depositing players was strong during the quarter at 38% and 33% consecutively with net revenues increasing by 5% against the same quarter of 2013. Net revenue derived from SuperCasino was slower in the latter part of the quarter as result of the Football World Cup and a moderate softening of the marketing output for SuperCasino on Channel 5. This was mitigated in part by a strong start to the quarter and the Directors expect that with the World Cup having come to an end, revenues will return to similar levels as those seen at the beginning of the quarter. In addition the Directors will be reviewing marketing output to ensure this is fully optimised. Mobile and tablet have again performed well with Q3 being the first quarter where over 50% of all new customer registrations have come from mobile or tablet. In addition 36% of net revenue was generated through mobile and tablet in the quarter (Q2 2013: 26% of net revenue was generated through mobile and tablet). As announced at the Group's final results, there are a number of efficiencies that the Group can take advantage of to mitigate against the 'Point of Consumption' (POC) tax proposed to be introduced in December 2014. During the quarter, the Company has begun preparing itself accordingly; this involves consolidation of certain locations and other cost base efficiencies. The Company expects to issue its interim results on 11 September 2014.
by director
57k shares bought - show of faith by director
I did
6.9% down on google finance, but I can find no news. What's going on?
Agree 100% - Mr. Butler...anyone at NPT...please throw us a bone...!