SECN.L Share Price (SECN)

Just seen this news , just as well as RNS this morning broker buy back instruction to buy at a max of 111.32p

Wow they made 1m ebidta in November alone. Profits for year nearly 6m pbt. With big cost savings in 2022. 700k Euros.

This firm was way under valued!

sadly not when your average is £300. watched this get devalued, name change, devalued for the last 5 years. was waiting for the boom they kept promising. You live and learn

So a private equity firm has looked at this and realised the firm will be making a lot of money in 2022 and small shareholder have options to cash out. As Morton and CEO own 60% here it will get voted through on the nod. I had hoped this would reach 200p. Reality is they needed cash to expand and this deal will give them 20m or so to do so. Not done the maths. So 111p is better than 38p. Worth more than 111p now? Hmmmm. If you don't take offer you get nothing?

https://www.telummedia.com/public/news/telum-talks-to-brian-tyson-deputy-ceo-of-sec-newgate-and-managing-partner-of-sec-newgate-australia/z0v802n9lq

Very positive interview where Brian keeps saying how well the business is doing and how they offer a one shop boutique which now is based over many countries across the world. Month old but not suprising given recent RNS. Aus area has recently hired 2 new partners.

Publicasity in UK also seem to be hiring several staff. Could this really start to take off here? Makes 2022 quite exciting if they do more acquisitions. Huge difference from Porta days where operations kept closing. I think Porta just lacked a strong European base to build from. Plus ran out of cash to do what they wanted.