Member Info for dab808

Yes. I hold both to my regret...

I am in shock. How did we go from such a strong 2H 24 into a loss of 0.4m in 1H25.

I have to revaluate my position here. I really wasn't expecting a loss.

Way to go Hedgehog. Nice to have a positive run in to the results tomorrow. The full year pitcure will become apparent tomorrow, with a stronger second half already communicated. I'll be ready for the 7am results and just have enough time to watch the open before heading to Dublin for the weekend. It could be a special weekend, not only with plenty of Guinness but perhaps a little champagne as well 😉

Great news everyone. Very happy this morning. I'm not letting go of any shares for a bit. Could easily double from here. Always great to see one deep in the red in the portfolio move towards green...

A reminder of our Chairman's words from the AGM (below). My targets for 1H are: GT revenues of £9,450k (24% growth on 1H 24) and Safetell £3.250k (18% growth on 1H24). Total revenues £12,700k, up 22%.... As revenues will be up £800k on 2H 24, I am predicting we'll make over £1m PBT....

At the AGM, Maurice Dwek, Newmark Chairman, will make the following statement:

"Building on the success achieved last year, we are pleased to confirm that the good progress has continued in the current financial year ending 30 April 2025 ("FY25"). The Group's pipeline of new business opportunities is expanding, and we are excited to have embarked on our new five-year growth plan. To support our objectives, we have made several strategic hires and advanced our new product development.

"Approaching the end of the first half of FY25, Grosvenor's Human Capital Management ("HCM") division has achieved further growth, driven by a strong U.S. performance. Demand for Grosvenor's GT4 and lower-cost GT4-Lite devices have been particularly strong, with orders for the latter helping to displace its main low-cost clock competitor. GT Connect, the division's global platform, is now processing over 1.1 million punch transactions per month and has over 25,000 GT devices connected.

"Safetell has also made good progress in accordance with the five-year plan, winning a series of new automatic door service customers, including a national retailer and a housing trust. It has also extended existing service contracts with two of its largest banking customers and a major petrol retailer. Whilst it has completed the installation of physical security at a new major football stadium and the first stage of a substantial rollout of retail screens for national convenience retailer, four projects that were scheduled for H1 of FY25 are now set to be carried out in H2.

"As experienced last year, the later timings of new contracts and implementations will lead to a greater proportion of the Group's revenue being recognised in the second half. At this current juncture, the Board remains confident in the full year outlook and achieving further growth."

It is basic stuff but revenues inline with the forecasts and costs being managed will suit me. We seem to have become a more stable business since the chairman and FD have taken better control of the business.

Don't forget Hedgehog that the main directors are actually unable to purchase more shares due to the concert party agreement. This has prevented them adding shares in recent years and thus signalling to the market the growing strength of NWT by way of directors buys. Only the new FD Paul Campbell-White is able to purchase shares and did so last year. Chatting with Marie-Claire they would have liked to have purchased more but unless they were willing to go for an all out offer, have been prevented from doing so.

01-06-2020

The Company has agreed with the Takeover Panel Executive that, as a result of the transfer of shares from Elie Dwek to Michel Rapoport, Michel Rapoport is now considered to be a member of the Dwek family concert party under the UK Takeover Code (the "Dwek Concert Party") pursuant to the provisions of Note 1 on Rule 9.1 of the UK Takeover Code (the "Code"). Mr Rapoport was not a member of The Dwek Concert Party prior to the transfer taking place. The Dwek Concert Party now consists of Maurice Dwek, Elie Dwek, Marie-Claire Dwek and Michel Rapoport. It has a combined shareholding of 155,854,467 Ordinary Shares, representing 33.25 per cent of the total issued share capital and voting rights of the Company.

Under Rule 9 of the Code any person who acquires, whether by a series of transactions over a period of time or not, an interest (as defined in the Code) in shares which (taken together with shares in which that person is already interested or in which persons acting with him are interested) carry 30% or more of the voting rights of a company which is subject to the Code, that person is normally required to make a general offer to all the remaining shareholders to acquire their shares.

Similarly, Rule 9 of the Code also provides that when any person, together with persons acting in concert with him, is interested in shares which, in aggregate, carry more than 30% of the voting rights of such company but does not hold shares carrying more than 50% of such voting rights, a general offer will normally be required if any further interest in shares is acquired which increases the percentage of shares carrying voting rights in which he, together with persons acting in concert with him, are interested.

As the Dwek Concert Party has a total interest in more than 30% of the voting rights of the Company, but less than 50%, for so long as they remain in concert, no member of The Dwek Concert Party shall be able to acquire an interest in any other shares without The Dwek Concert Party being required to make an offer for the Company pursuant to Rule 9 of the Code.

I am not sure what the market maker is doing on NWT. I appreciate we are hardly a liquid stock with low volume and that the underlying spread (live prices 66p-77p are not quite as bad) but how so you bring together buyers and sellers when the spread is so far apart. We went to 65p-70p a week ago and suddenly there is volume, now we are back to 65p-80p it is quiet. Maybe the MM is just keen to mop up any sells as 65p ahead of the results and will only improve the spread when there is volume again. Right now however the tumbleweed continues due to the lack of news.

The frustration continues Hedgehog, although I added another £2.5k again today getting shares for 73.7p. We have seen one sell I think offloading 10,000 tranches. Hopefully yesterdays was the last ahead of the results.

We will see the results date added to the investor calendar next week, and will only have to wait a few weeks to the news that should get us some coverage.

Again I caught up with Marie-Claire via an email exchange. She assures me that she is working with Yellow Jersey on additional coverage for the year ahead. Finals in September will show the transformation in its full light. And what a ridiculous valuation we currently have, although I do expect us to move up as the 1H 25 verses the 1H 24 will show YoY spectacular improvement.

Hi Hedgehog

Happy new year! 2025 will be NWTs year, making £2m+ PBT and over £3m+ EBITDA should wake the marker up a little.

I added another £2.5k buy yesterday @74p. The ask went back up to 80p. I'll mop up any more if the ask drops again.

I'm off skiing for a week. I'd hope we see the results date go in the investors calendar next week.

Good luck for all your investments in 2025. Particularly NWT.

Regards

David

What a disappointing year for the NWT shareprice. Particularly when my US investments have increased by 40% and even my other UK Holdings have jumped a bit given my fonancial sector focus (although I've accepted the UK is a lost cause).

NWT results have met my forecasts, although the tax charge was a shock, and it appears not only to me. The share price has not met my forecasts and that is disappointing. The opportunity cost of having money tied up here and not in the US has cost me dearly.

So to 2025. The good news is we're going to fly. Results will be good and the price should rise. The question is how far? I am increasingly concerned my investment here will not realise it's true value without a change in out investor relations approach or we enter a competitive bid environment. We should not be at current levels. Although I don't see any reason to buy heavily into the stock without news or other buyers creating competitive momentum. If I wait a few more weeks I might get 70p as a buy. And thus, with a month to results I might buy another 30k, if the price drops. If not then we'll see what we do into the results.

Hi James,

I'd love to know what you took away from the AGM and what in particular drove you to top up. Thanks

I was unable to make the AGM as I was away on business. I had dropped Marie-Claire a note ahead of and after the AGM congratulating the team and offering some input.

The AGM Statement was good, but had limited coverage. I rarely look at AGM statements generally, an AGM statement should not be trading update. I'd expect to see trading updates badged as trading updates. That's my view on the matter.

We are left with 1H results in Jan to drive the price until the trading update in May. Then it is a long wait until the FY results in September, only then some investor presentations.

In my opinion need to put some further effort into driving greater coverage and more news flow. And knock on the doors of some institutions and show our wears.

We should have put out a formal 1H trading update. The AGM Statement is not at period end. We lost money in 1H 2024 FY so we had the opportunity to issue a really positive update for 1H 2025. We have to take the opportunity to create turn over and volume. If I do not see a change in our approach whilst I am in profit, I will sell into the rise. And I am now at 4.6% having purchased most of the shares since March. The business is getting stronger and there will be a lot of value to be made but if we do not up our formal market comms and seek out coverage and institutional investors we will never reach our potential.

Picked some up at 76p. Just a small add. No news is just so depressing, no wonder people lose interest.

Hi Hedgehog,

The LSE investors magazine event was worthwhile, proactive and mellow not so. Yes we presented in NY last year but, it was only 3 key investors that moved the price. These investors like me logged an interest in the period. We need either deep pocket individual investors or institutional small cap investors. Until I have confirmation we are knocking down the doors of institutions we are limited in what we can do. A float in the US I think is also off the cards due to AIM IHT tax breaks. I will start buying again but I don't see the point at present, I will let the price fall back. 80p is the current offer. Maybe 75p or 70p. We'll see.

That's a great return Hedgehog. Congratulations!

We wait in anticipation for news from NWT. Whilst we put out a good update for the AGM on trading it got no traction. And we see impatient investors selling off reasonably small holdings and the price driting downward. I have stopped accumulating switching my focus over the last few months to the US. I'll be back but with no news until the end of January and no investor promotion the price will continue to drift lower.

240p is a realistic target but only if we promote ourselves. Despite my efforts to persuade us to do more, there does not seem the appetite. Unless this changes, invesors like me will seek to sell into any rise, taking profits and thus our price will be held back. This is very worrying.

New presentation video now available. Some of my pointers incorporated.

A much better presentation, a few trips in the delivery here and there but better.

I'd still like to add a killer slide showing the revenue growth, and emerging profit and whilst I requested we add the shareprice which has been done, we need to add the historic graph over 5 years and the current market cap. That's the killer, we will be showing profits of £2m and a market cap of £x (today at £8m) for next years presentation.

I'd then like to shout 'hello investors are you listening, I have a high growth business here with a PE of 4!!! Here's the opportunity you've been waiting for'

https://ukinvestormagazine.co.uk/newmark-security-investor-presentation-october-2024/

Indeed Hedgehog. We have had some volume since the Stock Exchange presentation with around 65k shares changing hands (0.75% of the company). More buys than sells until the 20k trade at 88p today which to me seems like a delayed sale filled order given the proce moment in the last week. Given the trading update is now only a few weeks away, we'll hopefully see more volume in the next few weeks. It's aways frustrating to see sells go through but we're up 100% on this time last year so we'll get some investors who need cash and new ones that want to come in at a decent entry price. That's a market...

There will be an RNS stating it is complete