Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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A reminder of the difference between entrance control and access control:-
"Entrance Control vs Access Control
10 February, 2021
Entrance and Access Control are both necessary elements to control who enters and exits any premises or secure area, but do you know the true difference between the two?
Access Control
Access Control refers to the selective systems that are used to verify authorised personnel using their credentials for example, biometrics, pin numbers, access cards, bluetooth etc, and permits or denies entry based on the requirements predefined in the system.
Entrance Control
Entrance control is the physical system which actually prevents or allows entry into an area when the decision has been fed to it by an Access Control system. This can be done by a range of high and low security systems, for example:
Security Portals ...
Revolving Doors ...
Security Pass Doors ...
Speed Gates ...
Full Height Turnstiles ...
Tripod Turnstiles ...
Swing Gates ..."
http://www.safetell.co.uk/insights/entrance-control-vs-access-control/
With NWT's two subsidiaries of course each specialists in one of these two closely related markets:-
1. "Entrance Control"
http://www.safetell.co.uk/products/?tax_input%5Bproduct-range%5D%5B%5D=32
2. "Enable seamless access control experiences with JanusC4"
http://www.grosvenortechnology.com/access-control/
So Safetell and Grosvenor Technology will be able to complement-support each other in these areas.
The closely related areas of entrance control and access control are a good link between these two subsidiaries, so both sides should be benefitting from referral business between the two.
And interestingly, this Safetell entrance control article also states that it offers access control:-
"Comprehensive and Intuitive Entrance Control That Integrates Seamlessly
Written by Tillie Berry | Jun 7, 2021 8:47:41 AM
Our unique portfolio includes a range of Entrance Control products to mitigate risk of unauthorised access, tailgating, entry with weapons and/or unauthorised objects and to control the flow of traffic into any entrance or secure area. ...
Access Control
We offer a range of access control solutions from small to large systems that can be installed to your organisational and project requirements. ..."
https://insights.safetell.co.uk/comprehensive-and-intuitive-entrance-control?hs_amp=true
"Entrance control market set for “robust” growth – here’s why
... What entrance control products are in demand?
Several entrance control products and technologies are in high demand, fuelling the growth of the overall market. They include:
Full-height turnstiles
Installed at entry points, full-height turnstiles provide a robust barrier to control access to secure areas. They are commonly used in high-security environments like stadiums, critical infrastructure facilities, and research institutions, offering a strong deterrent against unauthorised entry.
Speed gates
Combining a sleek design with efficiency, speed gates are deployed in locations where a balance between security and user experience is vital. Examples include corporate offices, luxury establishments, and transportation hubs. Speed gates allow for swift, controlled access while blending seamlessly with modern infrastructure.
Security doors
Acting as the first line of defence, security doors integrate seamlessly into various environments, such as office buildings, airports, and public venues. These doors are equipped with advanced access control technologies to ensure only authorised individuals can enter. Their versatility makes security doors a practical choice for enhancing security without compromising the overall look of the surroundings.
Security portals
As one of the most advanced entrance control security measures, security portals incorporate features like biometric authentication, temperature screening, and AI-driven security protocols. These portals provide a comprehensive solution for high-traffic areas, government facilities, and research laboratories. They address security and public health concerns with a multi-layered approach to access control.
Trust in Safetell
Keeping employees and assets safe is more important than ever. The world faces various challenges like terrorism, criminal activities, and unauthorised access, and it’s crucial to have reliable protection in place. That’s where Safetell’s range of entrance control security solutions comes in.
From sturdy full-height turnstiles to modern speed gates, discreet security doors, and advanced security portals, our entrance control solutions are designed to bolster security and keep people safe. As the market for entrance control systems grows, driven by technology, regulations, and increased security awareness, we remain committed to innovation. Our products aren’t just barriers; they’re tailored solutions to help you manage risks effectively."
https://newmarksecurity.com/insights/entrance-control-market-set-for-robust-growth-heres-why/
"Entrance control market set for “robust” growth – here’s why
... What’s behind the growth?
Here, we’ll look at some of the main factors driving growth in the entrance control systems market.
Security concerns: With the rise in security threats globally, there is a growing need for enhanced security measures. Entrance control systems, such as speed gates, turnstiles, and security doors, prevent unauthorised access, ensure public safety, and protect sensitive areas from potential threats.
Technology advancements: Ongoing technological advancements play a crucial role in the growth of entrance control systems. The integration of cutting-edge technologies such as biometrics, RFID, and AI enhances the efficiency and accuracy of these systems, making them more attractive to a wide range of industries.
Compliance: Stringent regulations and compliance requirements related to security and access control are driving organisations to invest in robust entrance control solutions. Industries such as aviation, government, and critical infrastructure must adhere to security standards, further boosting the demand for advanced entrance control systems.
Urbanisation and infrastructure development: The rapid pace of urbanisation and infrastructure development worldwide necessitates implementing effective entrance control measures. Public areas, transportation hubs, and commercial complexes integrate advanced entrance control systems to manage the flow of people efficiently and ensure a secure environment.
Cybersecurity: As entrance control systems become more interconnected and digitised, there is an increased awareness of the potential cybersecurity threats associated with these systems. This awareness drives investments in secure, resilient entrance control solutions that can withstand cyber-attacks and unauthorised access attempts.
Customisation and integration: Organisations seek entrance control solutions that can seamlessly integrate into their security infrastructure. The demand for customisable and scalable entrance control systems tailored to specific needs and environments contributes to market growth.
Economic growth: Positive economic growth in various regions leads to increased security measures budgets. Governments, enterprises, and organisations are allocating resources to enhance their security infrastructure, including investments in advanced entrance control systems.
Public health concerns: The COVID-19 pandemic has heightened concerns about public health and safety. Entrance control systems incorporating features such as contactless access and temperature screening are gaining importance in mitigating the spread of infectious diseases, contributing to the market’s growth. ..."
https://newmarksecurity.com/insights/entrance-control-market-set-for-robust-growth-heres-why/
Well, on the first day of (meteorological) spring, NWT's website has really 'sprung into action' today, with this great new entrance control article and news.
A lovely entrance into the month, and with the entrance control business firmly on the March.
"Entrance control market set for “robust” growth – here’s why"
https://newmarksecurity.com/insights/
"Insights
Entrance control market set for “robust” growth – here’s why
Entrance control systems are an often unnoticed but critical part of public security. Speed gates, turnstiles, security doors, and portals are all critical components of everyday security. Operating quietly in the background, they regulate the flow of individuals, ensuring safety in spaces we encounter daily – airports, offices, public areas, and more.
Their indispensable role is shown by new figures that say the value of the entrance control systems market is set to enjoy significant growth over the coming years. A market forecast from Verified Market Reports predicts its value will increase from $2.65 billion in 2023 to $3.7 billion by 2030, representing a robust compound annual growth (CAGR) rate of 3.6%.
The report noted the trends driving the increase in demand: “Technological advances and the increasing focus on security measures are driving the dynamic evolution of the global pedestrian entrance control systems market.
“The environment is changing due to advancements in contactless technology, biometric authentication, and integration with smart infrastructure. As urbanisation and security concerns grow, the industry is seeing a spike in demand for sophisticated, effective entrance control systems to guarantee seamless and safe pedestrian access.”
A report from Persistence Market Research suggests more bullish growth, from $2.8 billion in 2023 to $5.29 billion in 2023 at a CAGR of 6.6%, with North America (27.6%) and Europe (21.5%) accounting for the two largest global markets. ..."
https://newmarksecurity.com/insights/entrance-control-market-set-for-robust-growth-heres-why/
Happy leap day 2024 to everyone!
Though please be careful when leaping:-
"Pair fined after 11 customers broke backs at Flip Out trampoline park
Published
1 day ago"
https://www.bbc.co.uk/news/uk-england-merseyside-68413278
So perhaps do it with a net; or maybe even 'via net'.
And on that note, here's another comparable share to NWT that has been 'leaping forwards' recently:-
12th Dec 2023 7:00 am RNS Half-year Report
"Interim Results for half year ended 30 September 2023
Momentum building and on track to deliver sustained growth.
Vianet Group plc (AIM: VNET), is the international provider of actionable data and business insight to the hospitality, unattended retail vending and remote asset management sectors through its ecosystem of connected hardware devices, management software platforms and smart insights portal, presents its unaudited results for the six months ended 30 September 2023.
Financial highlights
• H1 2024 revenue increased to £7.19m (H1 2023: £7.18m).
• Recurring revenues remained strong at 87% (H1 2023: 86%).
• Gross margin was very healthy and increased by 7.8% to 69% (H1 2023: 64%), driven by recurring revenue growth and operational cost management.
• Adjusted operating profit(a) up 7.4% to £1.30m (H1 2023: £1.21m).
• Like-for-like adjusted operating profit(a) up c 24% at £1.5m pre recently acquired BMI operating loss of £200k.
• PBT on a like-for-like basis was £29k (H1 2023: loss £107k) pre-BMI.
• Operational cash generation, post working capital was £1.29m (H1 2023: £0.71m), with strong cash conversion at over 105% of EBITDA.
• Net debt reduced to £2.09m (H1 2023: £3.56m). ...
Expansion into the Forecourt sector
• In a significant strategic move, our Unattended Retail division has established a presence in the Forecourt sector, securing an initial order for approximately 800 units from a key industry player. ..."
https://www.lse.co.uk/rns/VNET/half-year-report-5j2aqndk0zy5pn4.html
VNET, market cap. £32.47M. at 110.5p, also shows both how these markets are recovering, and NWT's valuation potential.
And note that NWT's subsidiary Safetell seems to be expanding more into the petrol forecourt sector (in a different way to VNET), which suggests that this could be a significant growth opportunity:-
"Strengthening Retail Security: Safetell Sub-Partners with Retail’s Best
14 February, 2024
Safetell, a leader in physical security solutions for retailers and forecourt operators, is pleased to announce its sub-partnership with Retail’s Best, a premier platform connecting retailers with innovative solutions and industry expertise.
Safetell’s decision to sub-partner with Retail’s Best demonstrates its commitment to addressing the evolving challenges of retail security, particularly within the petrol forecourt sector. ..."
http://www.safetell.co.uk/insights/strengthening-retail-security-safetell-sub-partners-with-retai
Synectics (SNX), a comparable share to NWT, has today reported strong final results:-
27th Feb 2024 7:00 am RNS Final Results
" ... Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, announces its audited final results for the year ended 30 November 2023 ("FY 2023").
Financial highlights1
• Revenue increased 26% to £49.1 million (FY 2022: £39.1 million)
• Substantial increase in underlying operating profit2 to £3.1 million (FY 2022: £1.2 million)
• Underlying EBITDA3 increased to £4.8 million (FY 2022: £3.2 million)
• Underlying earnings per share4 increased to 14.2p (FY 2022: 6.9p) ..."
https://www.lse.co.uk/rns/SNX/final-results-2lf6edjs4fdfj1o.html
SNX, market cap. £32.5M. at 182.5p, shows both how these markets are recovering, and NWT's valuation potential.
And it also shows how these types of shares are becoming popular with tipsters at the moment.
SNX has been tipped multiple times by Tom Winnifrith's Hot Stock Rockets in recent months; and then last week was tipped by Midas:-
"MIDAS SHARE TIPS: Want to win in the casinos? Invest in security cameras with Synectics!
By JOANNE HART
UPDATED: 10:37, 19 February 2024"
From the home page of Grosvenor Technology's website: not a change, but an established section highlighting the revolutionary and transformative nature of the company's offerings:-
"Is it time to revolutionise your human capital and data management?
Are you ready to transform your human capital and data management for a smarter, more secure future? Unlock the full potential of your workforce and safeguard your success with Grosvenor Technology – a global leader in human capital management (HCM) solutions and access control.
As the demands of the workplace evolve, we are proud to lead the way with our responsive and reliable approach to security. We’re ready to face tomorrow’s world today."
https://www.grosvenortechnology.com/
Hedgehog100 Posts: 3,448 Price: 75.00 Strong Buy
Exponential Profitable Growth; The Innovators of Security 27 Jan 2024 18:11
"I've noticed that some of the material on NWT's website has just been refreshed, and here's a snippet that is particularly worth noting:-
"Through our dedication to providing exceptional security supported by beneficial value-add services, we are strongly positioned for exponential – and profitable – growth."
https://newmarksecurity.com/about/
Exponential profitable growth: that's as bullish as I've seen from the company - people who aren't known for their hyperbole - and it does highlight just how confident they are of the outlook here.
This heading on the home page is also new:-
"The Innovators of Security"
https://newmarksecurity.com/
This is a noticeably greater emphasis on the company's cutting-edge innovation: innovation which helps to distinguish it, and make it so special.
And it certainly seems sensible to emphasise this."
https://www.lse.co.uk/ShareChat.html?ShareTicker=NWT&share=Newmark-Security&thread=8AAC6816-552E-43E0-92D3-B2F73A1C97EC
The new refreshing of GT Clocks' website reflects the refreshing of NWT's Group website a month ago.
This is a strikingly bullish new heading on GT Clocks' home page:-
"We’re revolutionizing human capital management. Are you with us?
GT Clocks is your global partner in Human Capital Management. From SMBs to multi-national corporations, we deliver solutions with innovative hardware, software, and services. Trusted by top brands worldwide, our cloud-based software suite ensures maximum data security and precision in managing your most vital assets – your people and processes."
https://gtclocks.com/
Note that the HQ move article I referenced in my post yesterday now has a slightly different title, and a new link (the old link no longer opens the article itself ):-
"GT Clocks Powers Up with Office Relocation"
http://gtclocks.com/insights/grosvenor-powers-up-with-strategic-office-move/
This is part of a significant refreshing and updating of the GT Clocks website that has just (since c. mid Sunday yesterday) taken place.
GT Clocks has just (since c. mid Sunday yesterday) significantly refreshed and updated its website.
It still looks very clean & fresh looking, and there's some useful new (at least to this NWT website) material.
E.g. some of the older articles have been removed; and some different articles (from the Grosvenor Technology website) have been added; e.g.:-
"Facial Recognition: How We Got Here"
https://gtclocks.com/insights/the-journey-of-facial-recognition-solutions/
"Paycor & GT Clocks: A Winning Formula for Workplace Efficiency"
http://gtclocks.com/insights/paycor-gtclocks-a-winning-formula/
From NWT's Investor Meet Company presentation video, 8th. February 2023:-
23:56: " ... Our vision is to build a business that generates 2 - 3 times its current revenues in the next 3 - 5 years. ... we are very well positioned to achieve this vision ... "
https://www.investormeetcompany.com/
"GT Clocks Powers Up with Strategic Office Move
Colin Leatherbarrow
Managing Director
3 February 2023 1 min read
GT Clocks Soars to New Heights with its new Florida Headquarters: In-House Fulfillment, Total Control, and a Growing Team at the Ready
Get ready for GT Clocks’ game-changing move to its brand-new Florida headquarters! Located in Cooper City and accessible from both Fort Lauderdale and Miami airports, this state-of-the-art office boasts three times the space of its previous location. ...
Our unparalleled expertise in the field allows us to continually revolutionize the industry with innovative hardware and software that prepares you for today and the future. ..."
http://gtclocks.com/insights/gt-clocks-powers-up-with-strategic-office-move/
So a VISION to treble revenues: allied to new US premises that can DELIVER trebled revenues: the 'Synchronicity' here has a real Sting to it.
With its new Cooper City HQ, GT has the competition 'over a barrel' ... as it moves towards 'High Noon' in its time clocks revolution!
NWT clearly really means business in achieving its vision, and has a high degree of confidence.
And a trebling of NWT's last FY US revenues (£8.83M.) would add nearly £18M. of annual revenue.
Plus the strong growth and outlook being exhibited by the rest of NWT too, then Group annual revenue of £50M.+ within a few years look very achievable: and at great profit margins too.
Looks like Allenby Capital are finally briefing out the report. Good timing for the CFO to be making a buy.
https://bnnbreaking.com/finance-nav/business/navigating-adversity-newmark-securitys-strategic-transformation-towards-a-brighter-future
Very good to see Paul Campbell-White picking up a few shares today. This should be reported in a few places considering he's an insider pudchasing shares at 82p. It's not surprising as we are now making clear profits and the businesses are buzzing with activity.
Will we hit the 100p before the trading update? There appears to be a buyer on a regular basis picking up 10,000 shares at a time (not me) and there are plenty of other buyers who appear to be chipping in on a regular basis. Who is going to sell? I can't see anyone I know wanting to offload below 150p and this bar will only rise given profits are embedding. We have the products, distribution, margins and happy customers. What a fantastic mix...
RNS Number : 8163D
Newmark Security PLC
20 February 2024
20 February 2024
Newmark Security plc
("Newmark", the "Company" or the "Group")
Director dealing
Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, has been notified by Paul Campbell-White, Chief Financial Officer, that earlier today he bought 12,000 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at an average price of 82.9p per Ordinary Share. As a result of this purchase, he now has an interest in 12,000 Ordinary Shares, representing 0.13% of the Company's total issued share capital.
Dab,
Looks like NWT have been listening to you - again!:-
https://uk.linkedin.com/company/newmark-security-plc
https://uk.linkedin.com/company/grosvenor-technology
https://www.linkedin.com/company/gt-clocks
https://uk.linkedin.com/company/safetell
These pages contain a lot of useful information, which is well worth reading.
And here is the latest update to the Grosvenor Technology page, from last Friday:-
"Grosvenor Technology
3,278 followers
5d
This week has seen Grosvenor Technology’s Dorset headquarters a hive of activity as it hosted its annual ‘Elevate Tech Forum’ with team members coming from all over the UK and US to participate.
While the team are in regular contact digitally, this week was an opportunity for the company’s technical thinkers to gather and examine the industry - both as it is now and where it is headed.
Here, our products go under the microscope, and their application in the real world is examined to ensure we are continually delivering beyond our customer’s expectations.
The team relish the opportunity for roundtable discussions where each can bring their own skills and insight to push innovation forward.
These annual discussions and open conversations are an essential component of what makes us unique in the security tech space. The continual drive to answer the needs of tomorrow means Grosvenor Technology can reliably deliver on the needs of today.
In addition to the deep dive into the advancements and future of Access Control and HCM, the team also got time to network and relax together; even bowling was involved!"
"Strengthening Retail Security: Safetell Sub-Partners with Retail’s Best
14 February, 2024
Safetell, a leader in physical security solutions for retailers and forecourt operators, is pleased to announce its sub-partnership with Retail’s Best, a premier platform connecting retailers with innovative solutions and industry expertise.
Safetell’s decision to sub-partner with Retail’s Best demonstrates its commitment to addressing the evolving challenges of retail security, particularly within the petrol forecourt sector. Leveraging Retail’s Best’s extensive network and resources, Safetell aims to provide tailored security solutions that meet the unique needs of retailers and forecourt operators.
Challenges in the Convenience Sector:
The convenience sector in the UK has faced significant challenges related to crime, particularly physical attacks on retailers and store employees. According to a report by the Association of Convenience Stores, incidents of violence and aggression against convenience store workers have reached alarming levels, with over 50,000 incidents reported in the past year alone.
Addressing Physical Attacks:
Safetell recognises the urgency of addressing physical attacks in the convenience and petrol forecourt sector and is committed to providing effective security solutions to mitigate these risks. Through its partnership with Retail’s Best, Safetell aims to empower retailers and forecourt operators with robust security measures to deter and prevent physical attacks on their premises.
Jenny Jones, Retail Business Development Manager at Safetell, stated: “Our sub-partnership with Retail’s Best aligns seamlessly with our mission to enhance retail security. Together, we are committed to safeguarding businesses and protecting their assets, especially in light of the increasing prevalence of physical attacks in the convenience sector.”
As part of our commitment to providing comprehensive security solutions for retailers and petrol forecourt operators, Safetell offers a range of products designed to complement their unique needs within stores.
Safetell’s Solutions
In response to the rising challenges of physical attacks, many retailers are turning to innovative solutions to protect their staff and assets. One such solution is SafeShield UL Security Screens, engineered to withstand physical attacks while ensuring seamless operations at checkout counters. These screens provide a vital layer of protection for retailers and forecourt operators, enhancing both security and colleague confidence.
Additionally, Safetell’s Night Pay Hatch Drawer and CashFast Drawer offer secure and efficient transaction handling ...
As a trusted sub-partner of Retail’s Best, Safetell is committed to providing tailored security solutions ..."
https://www.safetell.co.uk/insights/strengthening-retail-security-safetell-sub-partners-with-retails-best/
"AUTOMATIC SLIDING DOORS DIDN’T EXIST BEFORE STAR TREK
by Melissa T. Miller
Dec 14 2022 • 2:45 PM
Star Trek‘s technological legacy is vast. Kids watching back in the ’60s grew up and invented the cool things they saw in the show. Tablets, video calls, and flip phones are all real-life gadgets inspired by Star Trek tech. Food replicators and medical tricorders are not far off. But did you know that automatic sliding doors belong on that list as well?
Those of us who were not alive yet when the original series came out may have no idea that this technology blew people away at the time. Famed astrophysicist Neil deGrasse Tyson has even said it was the least realistic part of the show to him. When he watched as a kid, space travel and warp drive were believable enough. However, doors that knew when you wanted them to open seemed truly too good to be true. Let’s explore a bit about the history of those automatic doors, both in Star Trek and in real life. ..."
https://nerdist.com/article/star-trek-popularized-automatic-sliding-doors/
So Star Trek may have boosted the coming of automatic doors, in a case of 'life imitating art'.
And fittingly, there could also now be another element of that for NWT, with the film "Sliding Doors".
That classic film came out in 1998, just a year after NWT floated.
With the premise of the film being the dramatic difference that just a small variance can cause in our lives: in the film's case, involving a sliding door:-
"Sliding Doors"
https://www.youtube.com/watch?v=B6wJq9AZVfY
Whereas in NWT's case, it is now expanding in sliding doors etc.
And investing into NWT now could potentially have a life-enhancing effect.
"There is a tide in the affairs of men, Which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat. And we must take the current when it serves, or lose our ventures."
William Shakespeare
https://www.brainyquote.com/quotes/william_shakespeare_395459
There are so many advantages of autodoors for businesses that making the decision should just 'slide into place naturally'.
This useful article from a couple of years ago actually lists 10/11 benefits:-
"The Importance Of Having Automatic Doors For Your Business In 2022
March 22, 2022
Automatic doors are becoming an increasingly common sight in a variety of businesses. There are many reasons for this, and many of them go far beyond just the convenience that automatic doors provide. Automatic doors present many positive benefits for businesses of all kinds, whether they simply want to make it easier for customers to enter, or if they are looking for ways to improve security and protect their employees. We will go over why we think the importance of having automatic doors for your business and the benefits.
The UK automatic door industry continues to grow at a rate of around 4% each year. With so many benefits to automatic doors, it is no surprise that businesses are deciding to add this technology to their premises.
In an era where the customer experience is considered a crucial part of success for any business, it is important to consider every aspect of what makes your business more convenient and user-friendly. This even comes down to the small details, like how your customers exit and enter your building. Automatic doors are a great way to improve your customer’s experience from the moment they set foot in your business.
Here are 10 reasons why you should consider installing automatic doors for your business in 2022:
1. Convenience ...
2. Environmentally Friendly ...
3. Extra Security ...
4. Improved Hygiene ...
5. Improved Accessibility ...
6. Aesthetics ...
7. Quick Evacuation ...
8. Added Safety ...
9. Fire Containment ...
10. Increased Customer Satisfaction ...
11. Versatility ..."
https://jmanny.com/importance-of-having-automatic-doors-for-your-business/
Though their counting is a bit 'Spinal Tap'! -
Spinal Tap - "These go to eleven...."
https://www.youtube.com/watch?v=4xgx4k83zzc
"Up to eleven"
https://en.wikipedia.org/wiki/Up_to_eleven
Autodoors section of Allenby Capital's Company Note on NWT (continued):-
"... The UK automatic door market is characterised by a small number of large national suppliers/service providers (including GEZE and Record) and many smaller regional players. Unlike the smaller providers, Safetell is able to offer a highly responsive national service and is also more agile than the larger suppliers. Consequently, it has been able to take on some ad hoc work but has also successfully secured several multi-year agreements and is looking to convert the informal agreements.
Safetell has also benefited from its record in repairing and upgrading customer doors rather than simply replacing. And all its service engineers have been security cleared to BS7858, the UK standard for vetting people employed in the security sector.
Safetell is focused on the larger automatic door contracts that offer both initial installation and maintenance services, helping to grow its Autodoor Service Department. In FY23, services revenue from autodoor servicing and repairs increased nearly fivefold to £0.3m and FY24 started with £0.6m of quoted service and repair contracts. In FY23, it added a further 200 doors and it now provides call-out support across more than 2,000 doors. By adding to this base, operational gearing will result in improved margins as it has also invested in its service team."
https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2024/01/20240125-Newmark-Security-plc-NWT.L-Allenby-Capital-Interims.pdf?c4004=on
"Our research is intended for professionals and institutional investors and is focused on the analysis of companies on AIM."
"Newmark Security Plc
25 JAN 2024
Interims: Further progress against 2025 Growth Strategy"
https://www.allenbycapital.com/our-research/
Allenby Capital's Company Note on NWT includes an excellent section on Safetell's autodoors market opportunity:-
"In Entrance Control, management identified the servicing of automatic doors as a major growth opportunity, twice the size of Safetell’s traditional markets. It added automatic doors and entrance control (speed lanes, speed gates, security portals and automatic doors) to its product and services portfolio in FY22.
Organisations have invested heavily in automatic doors over the past few years driven by numerous factors (including security, accessibility and building efficiency) for multiple applications, including shops, airports, hospitals, restaurants, office and apartment buildings. The pandemic drove demand further as automatic doors offer hands-free access to public spaces and reduce the risk of viral transmission. But organisations need to ensure that the doors are well maintained, and any problems promptly resolved. There are also some regulatory drivers.
Building owners have been subject to increased regulations around the safety of automatic doors used by the public. For example, EN 16005, in place since 2013, states that power-operated doors must be installed with safety sensors and door operators and maintenance has to be carried out by approved technicians annually. Failure to do so leaves owners potentially liable should an incident occur because a faulty door. While EN 16005 was drawn up for the EU a number of other countries have adopted it in the Middle East and Asia and in the UK it is known as BS EN 16005.
The global automatic door market was worth an estimated $18.4bn in 2021 (Source: IMARC Group) and forecast to grow to $30.1bn in 2027, representing a CAGR of 8.3%. Meanwhile a separate report estimated that the European automatic door sensor market was worth $305m in 2019 and will grow to $428m in 2027 (Source: Research and Markets). ..."
https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2024/01/20240125-Newmark-Security-plc-NWT.L-Allenby-Capital-Interims.pdf?c4004=on
"How much does automatic door installation cost?
08 February, 2024
Call our team today if you want an automatic door installation cost quote, or service – we are the automatic door specialists!
If you’re looking to make your building more accessible, secure and energy efficient, then installing automatic doors can be a great choice. Whether looking to streamline access to your office or retail premises or ensure that your building has the highest levels of security, carefully designed and installed automatic doors can make all the difference.
When you’re budgeting for automatic doors the cost of installation is an important consideration alongside the cost of the doors themselves. Automatic door installation cost can vary considerably depending on several factors. What will influence the overall automatic door installation cost and what might you expect to pay?
What determines the cost of installing an automatic door?
Automatic door installation costs can vary significantly depending on a range of factors at your site. A full site survey will be conducted by an installer who will take these into account before providing you with a comprehensive estimate.
Some of the factors they will consider when putting together your estimate include:
• The Site ...
• Size of the Opening ...
• Type of Motor ...
• Door Materials ...
• Door Features ...
What are the costs for automatic door installation?
Automatic door installation costs can vary considerably, ranging from a few hundred pounds to several thousand. An experienced automatic door installer will be able to provide you with a comprehensive estimate for the complete installation, including the cost of doors and other components after completing a site visit.
Automatic door installation by Safetell
If you’re considering automatic door installation, then the team at Safetell can help. ...
With our trusted automatic door servicing, repairs and maintenance service, our customers can also ensure their new doors are working as efficiently as possible for longer.
Contact us to find out more about our competitive automatic door supply and installation service and to book a site visit."
https://www.safetell.co.uk/insights/how-much-does-automatic-door-installation-cost/
And Safetell's website has just put another two new articles on automatic doors at the top of its "Insights" section:-
"Insights
Keep up to date on our product news, business announcements and industry-related content on how to effectively and efficiently secure and maintain your organisation."
http://www.safetell.co.uk/insights/
"What are the different types of automatic doors?
08 February, 2024
What are the different types of automatic doors, what are their individual advantages and which automatic door might be right for your installation? At Safetell we are specialists in automatic door repairs, servicing, maintenance and installation.
If you’re considering installing automatic doors at your premises there are a number of factors you will need to consider. There are various types of automatic doors available, each of which may be more suitable for different settings and use cases. ...
• Automatic Swing Doors ...
• Automatic Sliding Doors ...
• Telescopic sliding doors ...
• Automatic Bi-fold Doors ...
• Automatic Revolving Doors ...
Which automatic door is right for me?
When considering the different types of automatic doors and what might be right for your premises there are several factors to consider.
Your location will be an important factor, with some automatic doors more appropriate for the space you have available. Cost is another key factor, with some automatic door systems being more cost-effective than others. The degree of accessibility required is also important to consider, along with the foot traffic that will be using the door.
A professional automatic door installation company will be able to advise you about what might be appropriate in your particular setting and how to get the most out of your budget.
Automatic door installation, service and maintenance by Safetell
As a leading UK supplier of bespoke security solutions for a wide range of organisations, Safetell provides a comprehensive design and installation service, that guarantees high-quality, efficient results in any situation.
Our comprehensive project management service can handle the entire process. With particular expertise in challenging site conditions and high-risk locations, we can ensure a safe and efficient installation that exceeds your expectations.
With our trusted automatic door servicing, repairs and maintenance service, our customers can avoid costly and inconvenient breakdowns.
We maintain a “repair not replace” policy, only replacing parts as a last resort when fixing them is no longer an option, saving you money. We’re system agnostic and provide advice on equipment regardless of the make or model.
You can be confident that your doors will be well-maintained and safe, and should a breakdown occur, we’ll be on hand to get them operating again in no time at all. ..."
https://www.safetell.co.uk/insights/what-are-the-different-types-of-automatic-doors/
"Paycor HCM (PYCR) Q2 2024 Earnings Call Transcript
By Motley Fool Transcribing – Feb 7, 2024 at 8:30PM
... Adam Ante -- Chief Financial Officer
... As we look ahead, demand continues to be healthy for modern HCM solutions. ...
There's plenty of runway for sustainable growth as the vast majority of U.S. employees are still being paid by legacy systems. It's an essential capability for any business, and we're delivering compelling ROI for clients to switch. Adding to our opportunity is the continual expansion of our HCM suite, which has increased over 75% since fiscal 2019.
We are demonstrating margin expansion as we scale the business and believe there is significant opportunity to drive further leverage. We believe we are well-positioned to deliver strong revenue growth and improve profitability over the long term. ..."
https://www.fool.com/earnings/call-transcripts/2024/02/07/paycor-hcm-pycr-q2-2024-earnings-call-transcript/
It's exciting to think that GT is part of this HCM 'new Royal Family, & wild nobility':-
Adam & The Ants - "Kings of the Wild Frontier"
https://www.youtube.com/watch?v=5hEn_rEDzp0
And that NWT's stated mission is "to protect human capital": i.e. human beings:-
Adam & The Ants - "The Human Beings"
https://www.youtube.com/watch?v=JipPo-tb5wg
So Paycor has just reported Q2 revenues of US$159.5 million, which equates to an annualised level of US$638M.
And it has a current market cap. of US$3.771 billion, at US$20.67/share: i.e. an annualised sales multiple valuation of c. 5.9, despite making significant losses.
https://finance.yahoo.com/quote/PYCR?p=PYCR&.tsrc=fin-srch
In comparison, Grosvenor Technology has just reported first half revenue of £7.629 million, which equates to an annualised level of £15.258M.
Applying an annualised sales multiple valuation of c. 5.9 to this revenue, would give a GT valuation of c. £90 million.
This gives some indication of the hefty valuation that a Grosvenor Technology spin-out from NWT could potentially command in a US float.
And if GT delivers upon its growth prospects, then that could rise to hundreds of millions during this decade.
Note that NWT has previously spun-out one of its subsidiaries, in a double global first involving foreign markets.
So a Grosvenor Technology spin-out from NWT, in a US floatation, not only makes perfect sense, but would follow an established NWT modus operandi.
And a GT spin-out in America would likely be a key to an immediate and immense unlocking of its value.
GT has both the size and growth prospects to command a quite generous tech-style rating, in America, which tends to be far more generous in its ratings than UK standards.
It was indicated from NWT's first AGM of last year, in February, that this GT idea might be progressed n in 2023.
And Marie-Claire's recent NWT presentation to US investors, in New York in December, could well be an indicator that this idea is being seriously sounded out.