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28th Nov 2023 2:00 pm RNS Holding(s) in Company
"Holding in Company
Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, announces that it was informed on 28 November 2023 that Mr D Bitner, together with his wife and son, have increased their holding in the Company's issued share capital to 287,624 ordinary shares of 5p each, representing 3.07% per cent of the issued share capital of the Company.
For further information:
Newmark Security plc
Marie-Claire Dwek, Chief Executive Officer Tel: +44 (0) 20 7355 0070
Paul Campbell-White, Chief Financial Officer www.newmarksecurity.com
Allenby Capital Limited
(Nominated Adviser and Broker) Tel: +44 (0) 20 3328 5656
James Reeve / Liz Kirchner / Lauren Wright (Corporate Finance)
Amrit Nahal / Tony Quirke (Sales & Corporate Broking)
About Newmark Security plc
Newmark is a leading provider of electronic, software and physical security systems and installations that helps organisations protect human capital and provide safe spaces seamlessly and securely.
From our locations in the UK and US, we operate through subsidiary businesses positioned in specialist, high-growth markets.
We foster an open and inclusive work environment amongst our c.100 employees, serving hundreds of blue-chip customers.
Our product portfolio consists of Human Capital Management and Access Control Systems providing both hardware and software and physical security installations to various sectors.
Newmark Security plc is admitted to trading on AIM (AIM: NWT).
For more information, please visit: https://newmarksecurity.com/
Safe. Seamless. Secure"
https://www.lse.co.uk/rns/NWT/holdings-in-company-5xcq9fr9e06uo4z.html
So a new 'significant shareholder' to add to NWT's website, for the first time in years:-
"Shareholder Information
Newmark Security plc currently has 9,374,647 ordinary shares of 5 pence in issue.
Directors Shareholdings
Maurice Dwek – 19.8%
M Rapoport – 12.81%
Marie-Claire Dwek – 0.53%
Other significant shareholdings
Mrs S. Reid – 10.96%
Thalassa Holdings Ltd – 9.92%
Lobbenberg J P Esq – 3.31%
The percentage of shares in issue that are not in public hands is 45.2%
The Company’s shares are not listed on any other exchanges or trading platforms
The Company is subject to the UK City Code on Takeovers and Mergers
No shares are held in treasury
There are no restrictions on transfer
Last update: 3 May 2023."
https://newmarksecurity.com/investor-relations/shareholder-information/
Combined with the recent Thalassa Holdings indication that they will be holding their NWT shares (after top-slicing this spring), then the shares demand-supply outlook for this quite illiquid stick is now looking nicely bullish.
Retail shareholders can be a bit 'shy' about moving above the 3% holdings limit, so if someone does so the likelihood is that they will be buying even more at some point.
Recent Share Trades for Newmark Security (NWT)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
28-Nov-23 16:06:32 54.00 2,000 Buy* 50.00 57.00 1,080 O
28-Nov-23 14:51:24 54.00 240 Buy* 50.00 54.00 129.60 O
28-Nov-23 14:04:54 53.72 5,000 Buy* 47.00 54.00 2,686 O
28-Nov-23 09:21:51 53.09 5,000 Buy* 47.00 54.00 2,655 O
28-Nov-23 09:06:20 51.80 5,000 Buy* 47.00 52.00 2,590 O
28-Nov-23 09:05:16 47.35 2,000 Sell* 47.00 54.00 947.00 O
Today's NWT buying has resulted in a 3p (5.94%) rise on the day, closing at 53.5p (50p - 57p).
That's actually the highest NWT close since mid September, and sets up a more bullish short term chart pattern, with a higher low and higher high.
And going further back, both the one and two year NWT chart patterns are also looking bullish.
The Bitners are just 6,385 NWT shares above the 3% notifiable limit, and I wouldn't be surprised if they added more before NWT's interim results In January.
Though of course they won't have to notify this while they're below 4%, which gives them quite a bit of leeway.
I might well add more as you summarise Hedgehog :)
I'm not sure when I started this journey I'd planned to breach the 3%. I've been mainly taking advantage of any weaknesses in the price, buying below 55p. However, now I am there I am very happy buying at these levels so I'll continue to buy on any weakness.
As the years have gone by I have followed this share closely. I've spent hours on the accounts, attending AGM's investors presentations and asking questions of the CEO to understand the business model, strategy, risks and cash position in more detail.
There have been rollercoaster ups and downs in markets mainly in decline (cash and physical security solutions). Now our diversification to digital HCM hardware and software licencing is proving itself incredibly successful, with high margins, fantastic partners and significant growth ahead. Yet, this success has not be recognised, it has happened in a business that has had to deal with the traditional model which has been in decline.
The HCM business should be on a PE of 20-30x, if we were to separate it, it would. This value is still in this business but just not recognised. Being part of a wider group is a negative from a valuation perspective. However, the fact it has been part of that group means that our management team (and all credit to Marie-Claire for the strategy), our processes and controls are 30 years old, this is a huge positive. We are growing in a risk managed, sustainable way with low debt on a long term satisfied client base.
Since January it has become very clear to me this strategy is bearing real fruit. It has been clouded by the business in decline and more recently the loss of UKG for most investors who cannot see it. But this has just allowed me to continue to purchase this year at incredibly low level with huge confidence.
If you understand all of this, and I do, it is very clear that this is one of the lowest risk/highest possible return AIM investments I could be making.
Well done Dab, and I concur totally with your views.
2024 should be the year when the wider market starts waking up, and seeing-realising what we both do.
Good to see that NWT's website has been updated nice & promptly for your notification yesterday:-
"Shareholder Information
Newmark Security plc currently has 9,374,647 ordinary shares of 5 pence in issue.
Directors Shareholdings
• Maurice Dwek – 19.8%
• M Rapoport – 12.81%
• Marie-Claire Dwek – 0.53%
Other significant shareholdings
• Mrs S Reid – 10.96%
• Thalassa Holdings Ltd – 9.92%
• Lobbenberg J P Esq – 3.31%
• Mr & Mrs D Bitner and Son – 3.07%
The percentage of shares in issue that are not in public hands is 44.1%
The Company’s shares are not listed on any other exchanges or trading platforms
The Company is subject to the UK City Code on Takeovers and Mergers
No shares are held in treasury
There are no restrictions on transfer
Last update: 28 November 2023."
https://newmarksecurity.com/investor-relations/shareholder-information/
Dab, when talking to the company have you mentioned to them the importance of trading updates and other shareholder information ? For example, H1 ended at the end of October and apart from a one liner in the AGM statement there has been no update as to progress in H1. For many investors this makes it very difficult to commit funds and makes it seem they don't really want to be listed. Most other companies release relatively meaningful TU so why not NWT ? They must know how sales, cash etc are for H1 !
Hi fft100,
RNS’s are frequently raised.
I take your point on the 1H trading update. All we had was the information in the AGM release, although I thought there was quite a lot in there. I’d agree though it is a missed opportunity to make more of the 1H trading performance and separate the AGM statement and trading update statement would be beneficial. I’ll mention that next time I catch up with Marie-Claire.
I previously have explained to Marie-Claire that we’d like 6 standard RNS opportunities a year. Trading updates x 2 for 1H, and FY. Result dates publication dates to let us know when they will publish the results. Then the results themselves. I will be reminding her next week that if we have a date for the 1H results release we should RNS the release date as soon as we are comfortable. It build expectations and ends up in the various investor calendars of results.
More generally, we have previously asked why we cannot do more releases. The response has been they would like to do more but much of the business they are now winning is incremental revenues through licencing and gone are the big one off transformational deals that were previously announced. This change in business is helping income, risks and costs in mulitple ways, but does not give the opportunity to announce 10%+ revenue deal impacts. The other reason is that a security business the one deal we could have announced, the partner wanted to remain silent on the matter. I provided Marie-Claire with an example of a release where an RNS was made but the partner was not disclosed.
The team are really keen to get feedback from shareholders. I have fed back with various ideas and improvements, I have been critical of how we did not appropriately manage shareholder expectations around the UKG impact and that we want transparency of that impact so we can work out how the underlying business is performing at the next update.
Writing to Marie-Claire will get a response, so if you feel in anyway the team can do better drop them a note with ideas, thoughts and questions. I am happy to relay thoughts from this board but I am sure that they would prefer to hear from the people that matter – ie you.
All the best