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Just repeating that something is significantly undervalued doesn't make it so. Do you know how NPT has coped with POCT in H1? Last rest their EBITDA margin was below 15% and this year they have an additional tax of 15% on revenue - do the maths. Until you know the answer to this, how can you be so sure it is undervalued?
Email, the HY1 results are due in September as you say, per the company's website. However, an interim Trading Statement can happen at anytime, without warning. This is often done by companies to iron-out speculators so that the market is taken by surprise and current investors will be the beneficiaries of any good news. This is, of course, also true of any M&A activity going on behind the scenes and so if you're not in it, you can't win it. This is an extra (and very real) consideration that investors really need to think about this year with NPT and a certain other small gaming company as any M&A activity or takeover by a larger player will simply hit the market by surprise. Look at what happened recently with PLUS and LAD and Coral. The recent appointment of Shore Capital should be enough of a clue for serious investors. As it stands, NPT is significantly undervalued and don't think that this hasn't come to the attentions of some other notable players in the gaming industry; and I don't just mean in the UK either.
I will certainly say no more... But how come everyone is talking about results soon when the company sent me a link to their website events and the next event will be in september?... Is it in the nature of PNT to suddenly give us the results without any prior announcement?
There's lots of M&A activity in the UK gambling arena this year and the small Internet and tv companies are especially vulnerable to takeover activity. NPT is very successful and a consistent cash generator too. The recent appointment of Shore Capital is the clue. I'm sure you understand. Say no more!
Knowing Sagi's usual tactics he's probably trying to persuade them to buy one of the companies he owns with the £12m cash balance they have - turns a potential 28% dividend into a 100% one. Fwiw, this has been up for sale for at least 5 years but I think gambling on tv is a but 20th century when everyone can now play casino games on their mobile and tablet.
Yes, Teddy Sagi's stake is not to be overlooked as you say. This year is expected to be one of all manner of M&A activity in the gambling industry and as you'll know some of the big players are keen to get a foothold in the vast Internet gaming arena which they've failed to do and the smaller players like NPT have cleaned up for the last few years whilst the giants slept and looked the other way. In the case of NPT, I can't understand why people would let go of their shares for 10p or 11p given the likelihood of a spectacular M&A windfall whereby even with a lean multiple it would be at least double or treble the current SP and in all probability more. Best of luck.
Well good luck. I'm in the industry and haven't heard it but doesn't mean you're not correct - it's always seemed odd to me that Teddy Sagi, one of the most acquisitive guys in the industry has owned almost a third of the business and yet never bought it outright. As I say for me it depends on how their H1s are looking as most small gaming companies are struggling a bit with POCT.
Netplay's MC is £31.5m and nearly half of that is covered by cash balances (excluding players' deposits). The company is primed for M&A activity this year and the recent appointment of Shore Capital should not be overlooked. This company is ripe for a takeover, which is widely known in the industry and in the world of finance too. Sub 17p, I won't be letting go of a single share in NPT as I don't want to be sipping my coffee one morning catching up on the RNS and market news and find that I've missed out on a spectacular return when the inevitable happens.
Sunshine - the results were in April, and doubt the interims will be out for some time unless you know differently. You imply that you have heard that results will be good - the big question for Netplay and other small gaming companies is how they deal with the 15% POCT which would have wiped out last year's EBITDA. What have you heard? It's a good sign that the NED bought but I am really interested to know how they've done in H1 as I know other larger gaming companies have kept their marketing spend up and soaked up the POCT themselves. NPT will struggle to do the same. I agree that the cash balance is a strength. As far as M&A is concerned, 50p is totally unrealistic!
The recent appointment of Shore Capital us the real clue here. We know what their speciality is M&A activity. This share is 15p without activity and it's worth bearing in mind that if it's gobbled up by one of the big companies engaged in M&A this year 50p/p/s is not unrealistic. At least 4p of the current SP is covered by the cash balances held by the company circa £12m. This company is a cash cow and at some point there will be some very big squeezing.
I agree that everything looks positive here. Some folks are just a little nervous prior to results being issued and would rather sell out. I've been invested here for a while and am staying here. This company is way undervalued and I believe that it will continue to grow and possibly be taken over by one of the bigger companies at some point. Imagine the upside if that were to take place? Even without that NPT has a great future ahead and I want to be part of it. GLA.
things seem to be going so well, the ceo buys and results expected to be good.... so Why have people been selling? Anyone can enlighten us (me) ?
do you know exactly when the results will be given?.. Will they be announced in advance?...
The results are due soon and by all accounts they will be good. This is a great company that will possibly be taken over by one of the bigger companies. It pays a good dividend and is making money. All positives. I intend buying ahead of the results because I fully expect this to take-off. GLA.
thanks bazza, very helpful reply
Last year they gave their Q2 results update on 15th July & their interim results in September. I would expect their Q2 results about the same time as does ST at IC - see the link from 23rd June. http://www.investorschronicle.co.uk/2015/06/23/comment/simon-thompson/a-triple-play-of-small-cap-value-picks-mKL5uo7007wFEl4AvloGSP/article.html We will have to wait another few weeks for Netplay's second-quarter trading update, but with the company revealing in its full-year results in March that its strategy to enhance returns from existing customers through better retention rates and higher spending is working, and new player acquisition and marketing spend is more selective, then I believe we can expect a performance inline with analysts' estimates. Mr Lapping certainly would not have been buying if the company was underperforming.
"Could be the start of a rally given results out in a couple of weeks." Where did ou get this info, please?... i contacted NPT and they gave me a link to future company events and there was none in a couple of weeks... the next event seems to be in september...
Greetings MacroVal, Ooops! That was a typo...I meant to say " a chartist fiend" :-D Best regards, Blue
HA - I didn't realize we were friends But it looks like we frequent the same social media
where could i find the notice/link of the next results, please?
...a chartist friend just noted... "weekly MACD just crossed centre line" Whatever that means? LoL
& Very Strong buying volume today... Effective spread = 3.1% ( Buy = 11.2p Sell = 10.86p)
since this was last at 11p, looks like an upward trend is taking shape.
Could be the start of a rally given results out in a couple of weeks.
Hi Bazzaman, Thanks for posting that Simon/IC article...very interesting ;-) I'm still here with my tasty sub 7.5p stash so 'looking forward to see how it all unfolds... Best Regards, Blue