Newmark Security Share Price (NWT)

In short - No.

I'm still here with my 1% in this company. I was unable to make it to the AGM but managed the investor call in early November. On the whole the ship remains pretty sound and the strategy in the US is going well. Without a pandemic and the challenges it has created, I think we would be hearing more bullish messages but these need to translate to the bottom line which I think they know. The opportunity to use the attractive government schemes to tap on liquidly was used, so we have a little extra working capital, and furlough was used which also helped costs. The talk is growth is SaaS and clocks which provide re-occurring revenue opportunity. I think that further working capital is required and this may come in debt or a rights issue. Either might be initially perceived as negative but if the cash can be used to expand and grow the US or re-occurring revenue lines that would be welcomed as they are the future of this business. We need a story of 20%+ growth in revenues YoY for the next 5 years to move this share out of this historically poor trading range. A rights issue to dilute some of the family and associates control might also be beneficial for all (unless they wish to maintain). I would like to see more of this company owned by a more diverse investor base that provides an ultimatum to Marie-Claire to deliver shareholder value or make it clear it is time to move on (even if the chairman is her dad).

consolidation... 50 - 1

Really?

Has everyone abandoned this company? I couldn't get a quote today. Is this still listed. I know it's just had a 'consolidation' of the share capital which is not a good sign usually.

Not a bad trading update. Revenue of £10m in 2H shows 25% growth on 1H and not sure of YoY but two halves of £10m revenue gives a £20m annualised. A small profit for the year must mean £300k profit for 2H.

They could have presented this update better, very interested in the future pipeline and would like to see real ambition but perhaps I am asking too much from this team. Give us a £1m+ profit in the next 12 months should be a stated aim! Let's see what the actual results tell us...