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"What Are GT Services?

... GTConnect further ensures compliance with all UK GDPR data regulations and US and international data legislation by recording consent of PII collection and providing tools to both facilitate information requests and erase PII, effectively de-risking your business from fines and litigation.

What are the benefits of GT Services?

Lower Costs

GT Services will decrease the total cost of ownership of your devices. Here’s how;

• Hardware Costs

First and foremost, our devices are specifically designed for high footfall, always-on environments with longevity and reliability in mind. As a result, they’ll give you much greater reliability and life span than other devices or tablets. Plus, each device is covered by GTProtect’s subscription warranty – guaranteeing your future costs.

• Admin and Legal Costs

GTConnect, in combination with our latest devices, ensures your client is fully compliant with data protection laws worldwide by encrypting data and enforcing processes surrounding consent, storage and deletion. Not only does this considerably lower the time and effort needed to ensure their own compliance when handling PII, but more importantly, it reduces the chances of breaking the law and incurring related fines or compensation and associated reputational damage.

• Development and Operational Costs

Our fast and simple integration approach allows your clients to save on the development costs of connecting their devices to their platform. As GTConnect manages the individual connections to the devices and provides data transfer via a single connection, hosting and operational costs are significantly reduced.

Minimal Downtime

With our experienced support team on hand and the option for next-day hardware delivery, there is limited downtime and disruption to your clients should a device malfunction.

Increased Efficiency

Managing your estate globally via GTConnect ensures configuration and updates are efficiently applied, reducing onsite engineering and support visits and associated costs.

If you and your clients would benefit from priority support, guaranteed replacement hardware and super secure data, speak to us about GT Services. It’s the most effective way to reduce your costs, increase efficiency and minimise downtime.

To learn more, click here or get in touch by calling 01202 621700 or emailing hcmsales@grosvenortechnology.com."

https://www.grosvenortechnology.com/insights/what-are-gt-services/

Another useful new article just added to Grosvenor Technology's website:-

"Insights | Human Capital Management

What Are GT Services?

GT Services provides priority end-to-end technical support, and access to our remote data and device management platform.

Ben Lagden

Commercial Director

In a nutshell, GT Services are the services we provide to enhance and complement our HCM solutions. It covers a host of aspects, including a lifetime warranty, access to Grosvenor Technology’s secure cloud platform and on-hand 24/7 tech support.

This subscription-based service means that for one low-cost monthly payment, your device or devices will be protected and supported for the duration of their lifetime. It’s a smart way to reduce your total cost of ownership while benefiting from priority support.

Here’s a little more about each aspect that makes up GT Services.

GT Protect

By subscribing to GT Services, you can take advantage of our exclusive hardware warranty. With this, we guarantee to supply you or your clients with a brand-new, latest-generation HCM solution if a fault or defect occurs with the existing device. Better still, we send the replacement device via next-day delivery directly to where it is needed so it can be installed as soon as possible.

GTProtect also entitles you (or your clients) to priority technical support on the devices – which come with guaranteed SLAs. Whether they require a little assistance when installing or replacing a device, need help troubleshooting, or want to access our remote diagnostic tools, our tech support team is just a quick call or email away.

GTConnect

GTConnect is a cloud-based platform that integrates your devices into a single network, allowing real-time remote diagnostics and data management. Signing up for GT Services grants you and your clients access to GTConnect and the following powerful features:

Device Management

Our management platform allows you to diagnose, recover and update devices remotely. This feature manages devices individually or multiple devices organised by your chosen structure to push out updates and configuration, all at the click of a button.

Data Management

Our “Clock to Cloud” middleware makes it easy to integrate our devices with your chosen software. Subsequently, all data captured to and from the devices is securely transferred and transformed via a single connection, ensuring a seamless system enabling real-time business decisions as and when you need them.

Identity Management

Our platform, combined with our latest devices, ensures all Personally Identifiable Information (PII), including biometric data, is encrypted and protected from the moment it’s collected. ..."

https://www.grosvenortechnology.com/insights/what-are-gt-services/

"ROCKPOOL ACQUISITIONS PLC CHAIRMAN’S STATEMENT

... As is usual in the circumstances where a special purpose acquisition company such as Rockpool announces a prospective reverse takeover (“RTO”), the Company’s shares were suspended from the Official List and from trading on the Main Market of the London Stock Exchange on the making of the November 15th announcement. Following the announcement and suspension, work commenced with a view to closing the Amcomri acquisition and preparing a prospectus for the readmission of the Company’s shares to the Official List and to the Main Market which would be required following completion of the acquisition (completion of an RTO automatically leads to de listing). The initial work has included the extensive task of performing audits of the target group’s financial information and making that financial information compliant with UK-adopted IAS for the purposes of inclusion in the prospectus. Work continues in earnest and it is hoped to be able to publish the prospectus and complete the acquisition in the fourth quarter of the year, if not before.

I would like to thank all those who have assisted the Company during the past number of years including advisers and creditors for whose support we remain grateful. I would also like to thank the shareholders for their patience during the very long period in which trading in the Company’s shares was initially suspended and ask for their continued patience during this latest period of suspension. The board believe that that patience will be amply rewarded in the not-too-distant future.

I look forward to a positive year ahead which will hopefully see the completion of the Amcomri acquisition, a return to trading of the Company’s shares and, with that, the completion of the first key period of the Company’s existence.

R A D Beresford

Non-Executive Chairman

31 July 2023"

https://www.rns-pdf.londonstockexchange.com/rns/8049H_1-2023-7-31.pdf

https://www.londonstockexchange.com/stock/ROC/rockpool-acquisitions-plc/company-page

31st Jul 2023 5:51 pm RNS Final Results to 31 March 2023

"Report and Financial Statements for the year ended 31 March 2023

Rockpool Acquisitions Plc announces its Report and Financial Statements for the year ended 31st March 2023.

The Chairman's Statement and full Report and Financial Statements are attached.

http://www.rns-pdf.londonstockexchange.com/rns/8049H_1-2023-7-31.pdf "

https://www.lse.co.uk/rns/ROC/final-results-to-31-march-2023-08h5iyohln7jmi2.html

"ROCKPOOL ACQUISITIONS PLC CHAIRMAN’S STATEMENT

I hereby present the annual report and audited financial statements for the year ended 31 March 2023. During the year the Company reported a loss of £297,089 (2022 – profit £34,215). As 31 March 2023 the Company had £672,558 of cash and cash equivalents.

The most significant developments during the year were the announcement on 1st April 2022 of the termination of the option agreement to acquire Greenview Gas Limited and the subsequent identification by the board of alternative potential takeover targets followed by the eventual signing of a heads of terms on 15th November 2022 for the acquisition of the Amcomri Group Limited. The Amcomri group consists of a number of profitable companies involved in providing specialist engineering, equipment and printing and packaging services in the UK and Ireland and has been assembled under the aegis of and partly with funding from, Paul McGowan. Paul is perhaps best known for his role as the Chief Executive and then Executive Chairman of Hilco Capital Limited, a retail restructuring business which he established in May 2000 as a UK-based joint venture with Hilco Trading Inc, a Chicago-based investment business.

Whilst at Hilco, Paul has been involved in the purchase and restructuring of troubled businesses in the UK, Europe, Canada and Australia including some high-profile ones such as Homebase, the DIY and home retailer, Habitat, the furniture retailer, and HMV, the music and movie retailer. More recently, Hilco has been providing working capital facilities and other forms of finance to a number of businesses in the UK, Europe and Australia. ..."

https://www.rns-pdf.londonstockexchange.com/rns/8049H_1-2023-7-31.pdf

https://www.londonstockexchange.com/stock/ROC/rockpool-acquisitions-plc/company-page

20th Jun 2023 2:16 pm RNS Recommended Cash Offer for Best of the Best plc

"... The Independent BOTB Directors intend to unanimously recommend that BOTB Shareholders accept the Offer, as they and their connected parties have irrevocably undertaken to do in respect of their own BOTB Shares (totalling in aggregate 1,585,506 BOTB Shares, representing, approximately 18.95 per cent. of the share capital of BOTB in issue as at the Latest Practicable Date) and 79,352 BOTB Share Options expected to be exercised following this Announcement. ...

View of the Company's independent financial adviser with regard to the financial terms of the Offer

The Independent BOTB Directors accept the advice of finnCap who have advised as to the financial terms of the Offer. finnCap has on balance determined that, in their opinion, the financial terms of the Offer are not fair and reasonable. In providing this advice to the Independent BOTB Directors, finnCap has taken into account the commercial assessments of the BOTB Board.

finnCap has observed in this respect that the Offer Price represents (i) a discount to the volume-weighted average price of a BOTB Share over near-term time periods which it believes to be most typically reviewed (being thirty, sixty and ninety days) to assess the Offer price against; (ii) implies a lower range of multiples of revenue and earnings than that of companies and transactions identified as being broadly comparable to BOTB and the Offer (whilst recognising that there is a very limited pool of directly comparable and relevant companies and transactions); (iii) carries no conventional premium to the near term share price for obtaining control of a public company; and (iv) does not fully recognise the value that could potentially be generated should the Company's strategy (including the benefits of the GIL partnership) be successfully executed and delivered as currently anticipated.

finnCap note that the Offer represents a liquidity opportunity to all BOTB Shareholders to sell their BOTB Shares with a level of certainty that has not otherwise been widely or obviously available, and may not be possible on the same or better terms in the future (if at all).

finnCap remind BOTB Shareholders to carefully consider the views and recommendation of the Independent BOTB Directors set out in this paragraph 6, including other non-financial and longer-term factors and drivers that they have considered. ..."

https://www.lse.co.uk/rns/BOTB/recommended-cash-offer-for-best-of-the-best-plc-cmy941nvo3cfrw4.html

So the Independent BOTB Directors unanimously recommend that BOTB Shareholders accept the Offer, while at the same time accepting the advice of finnCap that, in their opinion, the financial terms of the Offer are not fair and reasonable.

In effect the directors are saying that shareholders should accept being ripped off, because the alternative would be worse.

"What is the UK inflation rate and why is it so high?

6 days ago Comments

The rate at which prices are rising fell to 7.9% in the year to June, down from 8.7% in May.

Food inflation on items like sugar, olive oil and cooking sauces has come down, although remains high at 17.3%.

To help slow price rises, the Bank of England has increased interest rates 13 times to 5%. ...

The Bank of England has a target to keep inflation at 2%, but the current rate is well above that. ...

The Bank of England has predicted inflation will drop to 5% by the end of 2023, rather than the 4% it had been anticipating.

Bank governor Andrew Bailey said it was "crucial that we see the job through" and get price rises back to the 2% target, because people "should trust that their hard-earned money maintains its value".

But he admitted that price inflation was being "more sticky than previously expected". ...

What's happening to inflation and interest rates in Europe and the US?

... The annual inflation rate for countries which use the euro was estimated to be 5.5% in the 12 months to, June down from 6.1% in May. ...

Inflation has also dropped back in the US. It was 3% in the 12 months to June, down from 4% in May, the 12th consecutive monthly fall. ..."

https://www.bbc.co.uk/news/business-12196322

Looks like America has its inflation challenge well under control: like us they have a 2% inflation target, and the way things are going they should soon be there.

In contrast, we are still struggling, with an inflation rate over two and a half times higher than America's.

So I rest my case about the US being a better investment than the UK.

Unless you hate money, why choose poor performance over great performance?

Perhaps a sense of patriotism, if you are wealthy enough to afford such a luxury?

But fortunately with NWT, you can have it all: great American growth exposure, at a bargain basement price, but also supporting a great British company, with substantial UK operations.

It's not often in life that you can have your cake and eat it, so for struggling investors, I say - "Let them eat cake!"

25th Jul 2023 7:00 am RNS Half Year Trading Update

"Fadel Partners, Inc. (AIM: FADL), a brand compliance and rights and royalty management software provider, is pleased to provide a trading update for the six months ended 30 June 2023, based on unaudited management accounts. Following the Company's successful IPO in April 2023, FADEL has demonstrated strong operational progress, underpinned by a solid financial performance. The management team has made good progress in investing for growth, in line with its stated strategy.

Focus on growing recurring revenue continues to be at the forefront of the Group's strategy. The Board expects revenue for the financial year ending 31 December 2023 (FY23) to be in line with market expectations*, however 2H23 will show a significant increase in revenue relative to 1H23 due to the timing of annual contract renewals for certain enterprise licenses which are now heavily weighted towards the Company's year-end. Recurring revenue is expected to increase to c.80% of total revenue for FY23 (FY22 65%), reflecting positive growth expected from license and support renewals and net new sales. Services revenue is expected to reduce relative to the prior year, due to the successful completion of a number of service contracts associated with the conclusion of the implementation phase for certain IPM customers and phased regional go-lives.

1H23 Financial Highlights

• Revenue growth in line with the Board's expectations.

• Recurring revenue growth of 3% to $4.3m 1H23 (1H22: $4.2m).

• Service revenue of $1.0m 1H23 (1H22 of $2.5m) reflects the successful completion of a number of implementations and regional roll-outs for existing clients.

• Cash and cash equivalents of $8.2m at 30 June 2023 (net cash $7.3m). ...

About FADEL Partners Inc.

FADEL is a developer of cloud based brand compliance and rights and royalty management software, working with some of the world's leading licensors and licensees across media, entertainment, publishing, consumer brands and hi-tech/gaming companies. The Group combines the power of rights management and content compliance with sophisticated content services, AI-powered visual search and image and video recognition.

FADEL has two solutions, being IPM Suite (rights and royalty management for publishers and licensing) and Brand Vision (an integrated platform for Brand Compliance & Monitoring that includes Content Services, Digital Rights Management, AI-Powered Content Tracking, a Brand Monitor, and 100 million Ready-to-License Images). ..."

https://www.lse.co.uk/rns/FADL/half-year-trading-update-kc6mc87pl6j39x1.html

FADL's type of business looks related to that of BRSD (Brandshield Systems).

SaaS (software as a service) revenues tend to be very highly valued, especially when combined with other positive traits, as set out in the article below:-

"SaaS Valuation: How to Value a SaaS Company in 2023

By SaaS Academy ...

The Valuation Formula: How is SaaS valuation calculated? ...

The metrics involved are:

• ARR (business size)

• Growth rate (momentum)

• Net revenue retention (product quality)

• Gross margin (profitability)

The formula is:

Valuation = ARR x Growth Rate x NRR x 10.

Once you have this number, you adjust it based on the gross margin.

Let's use an example to make it easy to understand.

A SaaS business has an ARR of $7m. Their growth rate is a steady 55%, with an excellent NRR of 115%. Plugging that into the valuation formula gets us:

Valuation = (7 x 55 x 115 x 10). This implies a valuation of $44m or x6.3.

But remember, we need to adjust for gross margin. We can calculate gross margin as (Revenue minus Cost of Goods Sold) / Revenue.

So, if revenues were $7m and costs were $1, we have (7 - 1) / 7 = A gross margin of 86%.

This figure is above the average SaaS growth margin of 75%, which means we can increase our valuation multiplier.

Of course, we should remember this formula is very straightforward. More reliable SaaS valuations will need to account for several other metrics. ..."

https://www.saasacademy.com/blog/saas-company-valuation-metrics

"Net revenue retention is the cumulative total of retained, contracted, and expanded revenue over a set period, typically one month or one year."

https://churnzero.com/churnopedia/net-revenue-retention/#:~:text=Net%20revenue%20retention%20calculates%20total,SaaS%20or%20subscription%2Dbased%20business.

NWT's NRR should be very high, because of its 'HeSaaS' business model, its 'best-of-breed' status, the importance of its offering, and its high growth rate. And the 98% customer retention rate of its MHR software partner supports this view.

Assuming an annual 'churn' rate of say 2%, this gives a NWT NRR of 229%, calculated as follows:-

£0.9M. April 2022 ARR + £1.3M. ARR increase to April 2023 - £42K. churn = £2.058M.

Divided by £0.9M. = 229% NRR.

Which would be a quite outstanding NRR:-

"Across SaaS and subscription-based companies, anywhere above 100% is considered a good net revenue retention rate ..."

https://churnzero.com/churnopedia/net-revenue-retention/#:~:text=Net%20revenue%20retention%20calculates%20total,SaaS%20or%20subscription%2Dbased%20business.

And using this NRR for our SaaS valuation gives a base valuation of £63.96M., calculated as follows:-

£2.1M. ARR x 133% growth rate x 229% NRR x 10 = £63.96M.

And this value can be increased further if the gross profit margin is above the average of 75%, which it should be for NWT.

This compares to NWT's current market cap. of just £5.015M. at 53.5p.

Plus of course this is just a valuation for NWT's HCM ARR, which is just is just one o

"Eku Energy announces two new UK battery storage projects totalling 130MWh

Corporate | Jul 20, 2023

London 20th July 2023

Global energy storage developer Eku Energy is due to commence construction shortly on two new battery storage projects in the UK. Together the two projects in Basildon, Essex and Loudwater, Buckinghamshire have an installed capacity of 130MWh and will provide vital flexibility to support the UK electricity system, enable more renewable generation and advance the UK’s clean energy transition.

Since its launch in November 2022 Eku Energy has expanded rapidly and now has 1.2GWh of battery storage in delivery with operations in Australia, Italy, Japan, Taiwan and the UK.

The company has placed an order with NHOA Energy, NHOA Group’s (NHOA.PA, formerly Engie EPS) business unit dedicated to energy storage, to supply two stand-alone battery energy storage systems for Basildon and Loudwater. Construction is due to commence at both sites in Q4 2023 and they are expected to be commercially operational by the end of 2024.

The deal between Eku Energy and NHOA Energy is an opportunity to develop a strong partnership as both businesses expand into new markets. NHOA Energy and Eku Energy will also undertake a long-term service agreement regarding the batteries’ operational maintenance.

In its latest Future Energy Scenarios[1] published this month, National Grid indicated it expects 10-20GW of battery storage to connect by 2030, up from 2.8GW today. Once operational, Basildon and Loudwater will provide vital grid services to increase system resilience and support the UK’s net zero transition.

Sandra Grauers Nilsson, CEO of Eku Energy commented: “Battery storage is essential to the decarbonisation of electricity systems globally and Eku Energy is focused on delivering safe, secure and reliable solutions at scale and pace. We’re delighted to have partnered with NHOA Energy on these two new battery storage projects as we continue to expand our global battery storage portfolio”.

Lucie Kanius-Dujardin, NHOA Energy’s Executive Vice President – Global Markets & Development commented: “We cannot wait to start working with Eku Energy on the Basildon and Loudwater projects, given our common values and similar approach to the energy transition. Entering the UK market with over 130MWh of projects for Eku Energy, a globally recognised energy storage developer, is an important step forward in NHOA Energy’s journey and proves once again our global reach and execution capabilities”.

Eku Energy already has a 40MW/40MWh battery in Maldon, Essex in construction and recently announced a new partnership with Renera Energy to develop 1GW of battery storage in Italy.

The company was initially established by Macquarie’s Green Investment Group ...

https://nhoa.energy/documents/eku-energy-announces-two-new-uk-battery-storage-projects-totalling-130mwh/

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