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The Company has also been informed that Andrew Lapping, non-executive director of the company, bought 100,000 Ordinary Shares today at an average price of 15.1875 pence per Ordinary Share into his SIPP. Mr Lapping now directly holds 770,398 Ordinary Shares and 446,237 Ordinary Shares in his SIPP. The Hamilton Portfolio Limited and Northern Edge Limited, both companies of which Mr Lapping is a director, have interests in 997,026 and 221,523 Ordinary Shares in the Company respectively. Mr Lapping will therefore have an aggregate beneficial interest of 2,435,184 Ordinary Shares representing 0.8% of the issued share capital The Company has been informed that Charles Butler, Chief Executive Officer, today bought 100,000 Ordinary Shares at a price of 15 pence per Ordinary Share. Mr Butler is now beneficially interested in 3,100,000 Ordinary Shares, representing 1.05% of the Company's issued share capital. Mr Butler also has 4,486,232 vested options over Ordinary Shares.
and a reliable signal to sell it proved
NPT has no debt and cash generation continues to be strong. In Dec 2013 they had £13.9m in the bank (after dividend payments of £1.2m and the £3.0m acquisition of Vernons.com). Charles Butler CEO - "While TV is core to our business, we believe it is important to diversify our business. At the end of the year we purchased the Vernons.com e-gaming business from Sportech plc which brought a large database of customers and additional product verticals in bingo and sportsbook. We are currently applying our proven marketing strategy and I am confident that this will provide further opportunities to grow the business." I look forward to seeing how Vernons.com and the new integrated wallet effects NPT. With money in the bank and Butler's statement "we believe it is important to diversify our business", I can see there being another acquisition on the horizon which would help the business continue to organically grow. They have multi-channel TV shows and now bingo and sportsbook brands. What could be next?...
Cannot fight the broader market either...keep the long term view. Gotta give to director Mr. Lapping for stepping in and sending a positive signal via his token buy today.
Its going Ex Div.....
its heading to the 14 to 15p range ......not good.
Four more days to get on the register for dividend. Approx 2% of investment...
Dividend - During the year the Board announced an interim dividend of 0.18 pence per share and is proposing a final dividend of 0.32 pence per share, subject to approval by the shareholders at the Annual General Meeting to be held on 29 May 2014, bringing the full year dividend to 0.50 pence per share and an increase of 33% on 2013. The dividend is payable on 19 June 2014 for shareholders on the register on 23 May 2014.
x div on 21/5. SP normally falls after x div but here we have more share coming on market as well. So those in at 11/12p could take div and sell. I will get in after 21/5 if it is good value. Still think management should not have sold. Sp now should be 27p and it is not so they should have held on to show confidence!
Understand - a great longer term buy though in the short term it is tough to fight the negative momentum in the tech sector at present. As far as CEO options execution and sell, sort of cannot blame him for taking some off the table given the incredible turn-around he and his team have pulled off. I am sure he will be granted more options over time so I wouldn't take his recent move as a negative for the stock. Agree that once dividends hit, there might very well be a bit of selling. Do you know what date they pay?
One of my favorite but sp has not done much. I was prepared to stick with this but not after sells by the management team. Buys would have gone down well. More shares coming on the market on x-div day! May look into this in future.
Slater Investments Ltd obviously sees value in NPT - RNS just released showing that they topped up to 8,940,000 shares from 8,259,189....nice one.
Game on: ... So with the shares priced on a bid-offer spread of 16.75p to 17p, the forward dividend yield is 3.5 per cent and the PE ratio less than nine. But that ignores the fact that NetplayTV ended last year with £13.9m of net cash, or the equivalent of 4.7p a share, and with the benefit of robust cash generation net funds are expected to rise to £17.7m by the end of December. That equates to 6p a share. In other words, strip out net cash from the current share price and the shares are trading on a little over five times this year’s earnings! True, if the new POC tax had been in place last year then this would have wiped £1.7m off profits. However, investors seem to be ignoring the point that NetplayTV has already taken steps to mitigate the impact of the introduction of the new POC tax. ... So just like 32Red, I see the savage derating in the shares as an opportunity to buy into a very lowly rated company at an attractive valuation and one offering significant upside for the medium....
Very bullish write up by ST today.
IMO this is way way oversold so decided to top up. I have noticed that most are buys today and showing as sells
i think this is the area where they operate from. Just thought it interesting to see how things can change so quickly for operators away from Mainland UK.
I don't think Netplay has any operations based in Gibraltar...
Hi ITM, Agree with Alexia's comments. Although I am confused because I thought the impact of the POC tax had been already factored inthe share price, but maybe the full effects of the 15% came into play with these results, showing that revenues and bottom line will have to increase significantly to take account of this tax, and there is uncertainty as to who will be able to operate or rather cope with this tax. In relation to the dilution, I noticed some more shares came onto the market.....have to sit tight
With a very stable set of results just behind us, it is very hard to understand why the downward pressure is so consistent...cannot fight the broader market...simply another good buying opportunity in my view.
Hey jazzindahouse....I am confused by what you mean about possible dilution in the future...I may be missing something... Also have to wonder if perhaps management is considering buying back some shares at these prices....? Also, looks like I got Henderson wrong because they had been sellers over time...seems like they recently added shares....hmmmm. Henderson must know more than the wider market....Thoughts?
....down???
May be on its way.....
Thx, does seem like MM's stretching things.....its about time we moved back over 20....this is not a MOMO stock... It has real earnings, real cash, real earnings growth... And most of all a low valuation..... hope we see some reality this week....with or without Simon Thompson's help...
I can see a small rise leading up to the 23rd May with people looking to bank an easy dividend from a company with a strong current performance. If we hit speculated target of 27p even better. All IMHO of course.