Member Info for Hedgehog100

2nd Dec 2022 11:07 am RNS Development of Italian Gas Production Portfolio
" ... The Company is also pleased to announce that the Ministry of Environment and Energy Security (Ministero dell'ambiente e della sicurezza energetica) has conducted a comprehensive periodic review of the technical and financial capabilities of Zenith's Italian subsidiary, confirming its status as a company meeting the required standards to operate in Italy. ..."
https://www.lse.co.uk/rns/ZEN/development-of-italian-gas-production-portfolio-2droq8owfaj2ipw.html

That good confirmation from ZEN on Friday reminded me of the following snippet reported by MarketGunslinger:-

MarketGunslinger RE: Investor Conference Call 28/09/2022
" ... We believe that some existing gas entities in Italy will get rid of their assets because of the financial guarantees required and need a strong balance sheet and we expect certain opportunities to by foreign owned assets will take place. So we will revamp our existing assets and will get approval for this and we will buy addition assets. ..."
https://www.lse.co.uk/ShareChat.asp?ShareTicker=ZEN&share=Zenith-Energy&page=17

So ZEN has met the required financial guarantees, but some existing gas entities in Italy may not find it as easy.

Potentially therefore that ZEN could act as a 'consolidator' for such Italian gas concessions, picking them up cheaply due to the stringent financial & technical requirements for operators.

And the reference to foreign sellers suggests that ZEN's domestic status as an Italian company is also an advantage.

There look to be multiple strong trends driving security technology opportunities: AI, cloud, biometrics, zero trust, and privacy being key among them.

With the compelling drivers of greater efficiency, safety, security, and flexibility fuelling a massive and sustained market opportunity for companies like NWT.

So the company's years of investment into just the right R&D to capitalise upon this space is now looking extremely prescient.

And looks to be coming to fruition at the perfect point to dovetail with burgeoning demand for these new and innovative products and services.

Potentially, NWT could be riding the crest of this wave for many years to come, massively growing its profits and revenues, and being rewarded with a much higher stock market rating, reflective of its performance, technology, and growing proportion of recurring revenues.

Last year NWT achieved revenue of c. £19M.

So increasing it significantly from there could potentially move it into the £30 - £40M. range - e.g. within a few years.

This could potentially deliver significant economies of scale, with costs not increasing as fast: so multi-million pound profitability could potentially be on the cards.

And if the s.p. is re-rated accordingly to reflect the company's growth, recurring revenues, and technological innovation and leadership, then a £100M. market cap. could be achievable.

"Key Security Trends in 2022

... 4. ‘Zero trust’ moving into the physical world

The term ‘zero trust’ is often used in cybersecurity to describe a philosophy of “never trust, always verify”—in other words, it eliminates the concept of trust from an organization’s network and forces everyone, no matter who they are, to verify their credentials.

This concept is gradually making its way into the realm of physical security and access control as the Internet of Things (IoT) continues to blur the lines between physical and cyber security. Indeed, with more physical security devices connected over the Internet than ever before, cybersecurity has become an immense challenge for the physical security industry, and it’s concepts like zero trust that will help firms stay ahead of threat factors.

5. More of a focus on privacy protection

The COVID-19 pandemic had huge implications for privacy, and the use of tracking technology and other data-driven tools by governments worldwide has led to consumers being understandably more concerned about it. Given that the number one goal of any physical security solution is to protect your people and assets, you shouldn’t underestimate the role your organization now plays in building public trust.

The heightened sensitivities of the public around privacy means that the physical security industry is now having to do more to address it and find appropriate solutions. For organizations that see this as an opportunity rather than a challenge, privacy could prove to be the driving force behind forward-thinking strategies, such as privacy-first system design, and become a catalyst for further growth.

Ready to get ahead of these trends?

Newmark Security is the leading provider of electronic and physical security systems. From advanced access control systems for secure environments to human capital management systems, our solutions help to protect your personnel and guarantee the safety of your critical assets.

If you would like to learn more about how smart physical security solutions could help you get ahead of the latest trends and protect your bottom line, contact the Newmark team today for more information."

https://newmarksecurity.com/company-insights/key-security-industry-trends-in-2022/

"Key Security Industry Trends in 2022
JULY 7, 2022"
https://newmarksecurity.com/company-insights/

"Key Security Trends in 2022

The security industry today is very different from how it was just a few years ago, and it continues to redefine itself. Moving away from mere security considerations in isolation, factors such as technology, artificial intelligence, sustainability, and more are shaping today’s industry.

As we quickly approach the latter half of the year, now is a good time to look at some of the trends that are shaping the security industry and consider what these might mean for incumbents.

1. Artificial intelligence will continue to lead the way

According to recent figures, AI in the security market was valued at US$5.08 billion in 2020 and is expected to reach US$14.18 billion by 2026. Indeed, for several years running, artificial intelligence (AI) has been the predominant trend as companies continue to leverage its advanced capabilities for functions such as facial recognition, video surveillance, audio analytics, and more.

More recently, we have seen a shift towards AI being used as a preventative rather than a reactive measure, meaning that security teams can stop incidents taking place in the first place thanks to things like predictive analytics and machine learning.

2. Cloud-based services will become more essential

The COVID-19 pandemic accelerated the move towards cloud-based security and monitoring. According to a recent report by Calipsa, 75% of businesses surveyed said that they are now using cloud-based video analytics for security purposes, an increase of 8% when compared with 2020.

Cloud technology enables organizations to become more agile in their approach to security, putting them in a better position to respond to emerging challenges and scale their approach with organizational growth. It’s also far more adaptable than legacy security solutions. For example, cloud-based identity management technology can be integrated with the latest developments in biometric access control in real-time to enable faster and more secure authentication.

3. Biometric entrance control will set the standard in physical security

When it comes to entrance control, the last few decades have seen us move a long way from keys, pin codes, and ID cards. It’s now more commonly the case that organizations are instead relying on biometric solutions to manage it, such as facial recognition systems that unlock doors as an authorised user approaches them.

Biometric systems bring with them many advantages. They’re more efficient because they can verify in less than a second and they’re more secure because they are much harder to trick or counterfeit. These and other factors are going to see biometrics proliferate within entrance control during the next few years. ..."

https://newmarksecurity.com/company-insights/key-security-industry-trends-in-2022/

Flashgarden,

You added in the word "Potential", which ZEN hadn't used, as an additional qualification to ZEN's use of "If Successful": i.e. you are creating a 'double jeopardy'.

So one could arguably (albeit pretty negatively) say "Potential Monthly Revenue increase EUR 40 000 to EUR 180 000", or "Monthly Revenue increase EUR 40 000 to EUR 180 000" ( if successful)", but not a hybrid of both.

I.e. you are once again, in my opinion, trying to spin things as negatively as possible, to create a misleading impression.

And you don't even try to deny your other two errors, because you know you can't.

ZEN's recent success in delivering record revenue and profits from its Italian energy assets shows that its abilities and expectations here should be respected.

But my potential profit calculation isn't based upon top end figures, and it allows for production costs, based on a RNSed figure.

For the resources sector, the speed and cheapness with which these concessions can be brought back into production, to generate handsome profit margins, is impressive indeed, but is completely ignored by yourself.

ZEN does of course have existing Italian natural gas sales already: which have all apparently been coming from just two concessions (with the others having been mothballed - although that is now changing).

Plus ZEN has Italian electricity production from another concession: Torrente Cigno concession.

In fact, in total ZEN actually has nine Italian gas concessions (including the one it is using to generate electricity):
https://www.zenithenergy.ca/operations/italy/

So with the three already in production, and the three being brought back into production, that would still leave three others, that could potentially also be brought back into production later.

And this portfolio also has exploration potential.

In addition, ZEN's October 2022 investor presentation mentions the possibility of adding to this portfolio by acquisitions:-

"ITALY
Enrichment of Italian energy
production portfolio by way of
acquisition of additional energy
production and development
assets."
https://wp-zenith-2020.s3.eu-west-2.amazonaws.com/media/2022/09/ZENITH-OCT-22-PDF-1.pdf
https://www.zenithenergy.ca/about/

13th Jul 2022 1:00 pm RNS Reactivation of Sant’Andrea concession in Italy
" ... Monthly fixed production costs are expected to be approximately EUR 3,000 with estimated net revenues of approximately EUR 40,000 to EUR 50,000 per month.
Zenith, via its Italian subsidiary, holds a 40% interest in the Concession. The Company's partners in Sant'Andrea have communicated that they do not intend to fund the reactivation of the Concession. Zenith will therefore receive full entitlement to the production revenue to be received from Sant'Andrea, as well as bearing the full costs associated with reactivation of the Concession (approximately EUR 20,000). ..."
https://www.lse.co.uk/rns/ZEN/reactivation-of-sant8217andrea-concession-in-italy-fq4scsj5oyo49kt.html

Adding the figures from ZEN's 13th. July Sant’Andrea RNS, and we can get an aggregate figure for the three natural gas concessions detailed in Friday's RNS:-

Approximate expected net monthly revenues increase:-
Masseria Grottavecchia Concession: EUR 40,000 - EUR 80,000
San Teodoro Concession: EUR 100,000
Sant’Andrea: EUR 40,000 to EUR 50,000
= EUR 140,000 - EUR 230,000 per month

Taking the midway figure of EUR 185,000 per month, = EUR 2.22M. p.a.

Sant’Andrea's fixed monthly production costs are c. 6.66% of it's estimated net monthly revenues midway point.
Applying that percentage to the other two concessions too (although it could be less for higher production) = aggregate fixed production costs of c. EUR 148,000 p.a. for the three concessions combined.
= c. EUR 2,072,000 p.a. of profit from these three concessions.

Which would mean that the capital costs would be recouped in under a year.

flashgarden Sat 10:32
"For the new expansion/ interventions .
Capital cost EUR 1 500 000.
Potential Monthly Revenue increase EUR 40 000 to
EUR 180 000 ( if successful), based on current energy prices.
No time scales .
GLA."

Flashgarden,

You've understated the approximate minimum expected revenues from this investment by EUR 100,000 per month.
I.e. its's EUR 140,000 - 180,000 per month, not EUR 40,000 - 180,000 per month as you have falsely stated.

Nor does the RNS state that this is based on current energy prices: you've apparently just made that bit up.

And nor are there "no time scales": and moreover, those given are fairly near term (i.e. Q1 & Q2 2023).

However, you point about capital cost is correct, so well done on getting one of your four points right!

2nd Dec 2022 11:07 am RNS Development of Italian Gas Production Portfolio
"Initial production at the Masseria Grottavecchia Concession ("MGC") is expected to be approximately 5,000-10,000 cubic metres of natural gas per day, with expected monthly production revenues of between approximately EUR 40,000 - EUR 80,000.
· At the San Teodoro Concession ("STC"), Zenith intends to re-complete the San Teodoro 1 Dir A ("ST-1D") well, to achieve commercial production from two previously identified gas bearing formations. If successful, production of up to 10,000 cubic meters of natural gas is expected, with revenues of approximately EUR 100,000 per month depending on production.
· Production at the Sant'Andrea concession is now expected to commence during Q1 of 2023 ...
In view of the significantly improved natural gas pricing outlook and the increased revenue generation from its Italian energy production operations, the Company intends to make infrastructural investments for an amount of approximately EUR 900,000 to construct a natural gas treatment plant.
Initial production from MGC, which has never entered commercial production due to the lack of the required infrastructure, is expected to be approximately 5,000 - 10,000 cubic metres of natural gas per day with monthly production revenue expected in the region of approximately EUR 40,000 - EUR 80,000. ...
A total of approximately EUR 600,000 has been budgeted to fund the well intervention in STC, as well as to fund the installation of new natural gas treatment infrastructure because of the high methane content of the natural gas produced from STC. ...
Luca Benedetto, Chief Financial Officer, and Managing Director of Italian operations, commented:

" ... Our Italian energy production portfolio has significant untapped development potential. We look forward with enthusiasm to unlocking this during Q1 and Q2 of 2023 and progressively scaling up our revenue generation in the current favourable energy pricing climate." ..."
https://www.lse.co.uk/rns/ZEN/development-of-italian-gas-production-portfolio-2droq8owfaj2ipw.html

Interesting & nice to see that NWT has just significantly refreshed and updated its website.

It looks an improvement to me: a bit better organised, and with some good new material.

The new "Company Insights" section in particular caught my eye:-

"Company Insights

Insights from around the group

Safetell – Securing Businesses in Uncertain Times
DECEMBER 1, 2022

UK Access Control Market Driven by Multiple Tailwinds
OCTOBER 4, 2022

HCM Building Global Momentum
SEPTEMBER 23, 2022

HCM Poised For Decade of Growth
AUGUST 24, 2022

Key Security Industry Trends in 2022
JULY 7, 2022"

https://newmarksecurity.com/company-insights/

29th Nov 2022 10:31 am RNS Half-year Report

Interim Financial Statements

for the six month period ended 31 October 2022

The Company is pleased to announce its Interim Results for the six-month period to 31 October 2022. ...

Interim Management Report

Dear shareholder,

I am pleased to present the interim report and accounts for the six-month period to 31 October 2022 for Citius Resources Plc.

The Company was formed for the purpose of acquiring a natural resources asset, in June 2022 the Company agreed terms with the vendors of AUC Mining (U) Limited the holder of the Kamalenge Gold Project (the "Acquisition") which is in the Mubende Gold District in Uganda. The Company is now well progressed in its due diligence and is nearing completion of the transaction. The Kamalenge Gold Project is a highly exciting project given the exploration work to date and indications that it may host a high-grade gold project with the potential for near term production.

The Company is now well positioned to complete the Acquisition which would constitute a Reverse Take Over under the Listing Rules and accordingly, the company would apply for re-admission of its shares to the Official List and the Main Market of the London Stock Exchange.

I would like to thank the board and advisory team for all their hard work over the past six months and we look forward to further updating shareholders and the market in due course.

Cameron PearceChief Executive Officer ...

https://www.lse.co.uk/rns/CRES/half-year-report-tp9hc0ubqhvfyl1.html

It's also interesting that prior to today, Caml appears to only have made two posts on ZEN: both just one line posts on 24th. August, neither really saying anything of substance:
https://www.lse.co.uk/profiles/caml/

Now today he has made six, claiming to be 'disappointed' in ZEN's hugely impressive results, and furiously - and disingenuously in my opinion - trying to spin them negatively.
Ignoring the key metrics, and seemingly trying to create a misleadingly negative impression.

Well, as he's never previously said what his expectations were (unlike myself), it's a bit hard to prove whether they were met or not.

Which I suppose is very convenient for him.

Apart from anything else, why make so much effort?

There's obviously something about ZEN that seems to attract these sorts of posters, LOL!

24th Oct 2022 2:27 pm RNS 2022 Annual Report & Accounts update
"Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, announces that the publication of the Company's audited annual report and accounts for the year ended 30 April 2022 ("2022 Accounts") has been delayed due to the impact of a number of Covid-19 cases within the finance team at one of its subsidiaries. This has subsequently led to a number of delays with completing the audit.
Pursuant to temporary Covid-19 regulations, the Company has been granted an extension to 31 January 2023 for the publication and filing of its 2022 Accounts. Accordingly, the Company is now expecting to publish its 2022 Accounts at the end of November. The Company will provide an update on trading for the year ended 30 April 2022 prior to the end of October."
https://www.lse.co.uk/rns/NWT/2022-annual-report-accounts-update-43sp4imnosobi3i.html

30th Nov 2022 1:45 pm RNS 2022 Annual Report & Accounts update
"Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, announces an update on the timing for publication of the Company's audited annual report and accounts for the year ended 30 April 2022 ("2022 Accounts"). The Company's audit remains ongoing and, as a result, it will not be in a position to publish the 2022 Accounts by the end of November as previously anticipated.
As announced on 24 October 2022, the Company has been granted an extension to 31 January 2023 for the publication and filing of its 2022 Accounts pursuant to temporary Covid-19 regulations and a further update will be provided on timing for publication of the 2022 Accounts in due course.
The Company provided an update on current trading on 27 October 2022 which confirmed that it had returned to profitability and positive operating cashflows during the first five months of the year ended 30 April 2023, whilst also continuing to grow revenues."
https://www.lse.co.uk/rns/NWT/2022-annual-report-accounts-update-4zfjaxgqgvjxyxv.html

So a further slippage in publication of last year's final results ... though for a benign reason, so no cause for concern.

And with NWT's interim results for May-October 2022 likely in January, and the company's return to profitability etc. since the year end, last year's results will be of largely historic interest anyway.

Even so, NWT are presenting at "MelloMonday" on 12th December 2022, so it would be nice if the results are out by then.

Caml,

ZEN has never actually used the word "imminent". I have used it, but only in the context of what COULD happen, not what WILL happen.

You say:
"In fact I can list things that are up - salaries, travel, acquisition expenses, admin expenses (x12!), professional fees (to who I wonder?)."

Well, those are things that you would expect to go up when the company is pursuing multiple foreign expansion opportunities.

ZEN could now have FOUR potential big licence awards or acquisitions on the boil: Congo, Benin, Egypt, and Yemen.
Remember that the last three of those we've only learnt about in the last few months.

The waiting is a stage in success - not failure.
Failure on these would be ZEN announcing that all four are now non-starters.

You also appear to conflate production with productivity, when the two are different.
Where is any evidence that productivity, i.e. efficiency of production, is decreasing?

And the figures for revenue, and gross & operating profit, tell the real numbers story here, which is of massive progress and positivity.

And as regards the four anticipated licence awards / acquisitions, these all still look to be very much achievable, and in the near future:-

30th Nov 2022 9:02 am RNS Half-year Report
" ... Luca Benedetto, Chief Financial Officer of Zenith, commented:
"We are pleased to publish our unaudited half-year results which provide clear evidence of the outstanding performance of our Italian natural gas and electricity production operations.
As a management team we believe there are several potentially highly material growth catalysts to be achieved in the near-term following the successful implementation of our development strategy in Africa and the Middle East.
We look forward to providing further information on our exciting progress in due course." "
https://www.lse.co.uk/rns/ZEN/half-year-report-zruvcyrci0abvf8.html

The use of the word "several" means to me at least four, and the use of "near-term" means in the near future.

I posted this last Thursday (24th. November):-
"And they are expected to exceed that full year revenue of CAD$8,239,000 in just the first half of this year alone, i.e. the six months that ended at the end of September."

So well done to ZEN for more than meeting these expectations:-

30th Nov 2022 9:02 am RNS Half-year Report
" ... The Group generated revenues from oil and natural gas of CAD$11,571k (2021 - CAD$2,344k) ..."
https://www.lse.co.uk/rns/ZEN/half-year-report-zruvcyrci0abvf8.html

A stunning increase in interim revenues of nearly five-fold (4.936 x higher).
I.e. nearly 400%.

Resulting in an interim gross profit of CAD$6.665M. (up from just CAD$0.128M., a 52-fold increase), demonstrating the company's strong gearing to increased revenues.

Resulting in a strong move from interim operating loss of CAD$6.294M., to interim operating profit of CAD$1.714M

Rounded off by a nice interim pre-tax profit.

Which unlike the last interim pre-tax profit, does not rely on a "Gain on business combination" to inflate it.

In conclusion, a very impressive and pleasing set of numbers!

ZEN looks to have played the temporary COVID-induced oil price fall to perfection, using it to pick up assets cheaply that are now far more valuable:-

2nd Nov 2020 10:27 am RNS Condensed audited annual financial results
" ... The Group is pursuing an ambitious acquisition campaign in Africa by maximizing the use of its financial resources to enrich its portfolio. This opportunity has arisen as a result of the significant decline in oil prices caused by the COVID-19 pandemic. The Group has acquired a highly prospective production, development and exploration assets in the Republic of the Congo and after the year end in Tunisia.
The Board believes this strategy will enable Zenith to develop successfully and, in doing so, create value for all stakeholders. ..."
https://www.lse.co.uk/rns/ZEN/condensed-audited-annual-financial-results-prlomeu39cilho7.html

What you're got to remember is that resource sector stocks can and often do recover from prior disappointments.

A good example in the O&G sector is SQZ (Serica Energy): a c. 7-year hundred-bagger, after a prior s.p. collapse to below 3p in 2015, to its current market cap. of c. £853M. at 312.5p.
And CNE (Cairn Energy) is another prior long-term hundred-bagger after a prior s.p. collapse.

I could give you many other examples.

The point being that prior disappointment can also provide a future opportunity: an overly-depressed s.p., with a reservoir of long term shareholders nursing significant losses, and a market that is tardy in waking up to the new positive reality.

I'm not necessarily suggesting that ZEN can do as well as SQZ & CNE (though in the long term who knows), but I think that a medium term 10-bagger here is quite possible if the company delivers upon its potential.

"STRATEGY
Zenith Energy’s aim is to become a mid-tier, Africa focussed E&P company"
https://www.zenithenergy.ca/about/strategy/

I'd be very surprised if we don't land at least one of the four by Christmas, and it could be more than one, a bit like buses!

And to land all four this winter would be quite a result: say one per month.

We don't know the order they would come in though, or when.

And even if we do land one a month, the average odds on a 'win' RNS on any one trading day during this period would 'only' be about 5%.

So it's better not to obsess about it on a day-to-day basis.

There are other things going on with ZEN too, and the interim results results should make for very positive reading.

The last two interims were released on 30.11.20 and 1.12.21, and I would expect the new ones any day.

"Guide to Cluster Buying

By Robert Hable
12 January 2021

What Is It and Why Is It Powerful?
When analyzing insider transaction activity, there are several things to look for. A buy from a top-level insider such as a CEO or CFO is a good sign. So is a large purchase that substantially increases the size of an insider’s holding. However, perhaps the most bullish insider buying indicator is what’s known as ‘cluster buying’.

Cluster Buying Is Defined As:
A stock purchasing event whereby three or more top-ranking company insiders make open market purchases within quick succession of one another.

This guide looks at why cluster buying is such a powerful insider transaction indicator, and explains how investors can use cluster buying patterns to generate profitable investment ideas. ...

Cluster buying indicates a strong positive sentiment among decision-making, high level insiders. ...

Several studies on insider transaction activity have surmised that investors can confidently conclude that cluster buying is a powerful insider signal that there will be positive movement from a specific stock. ..."

https://www.2iqresearch.com/blog/what-is-cluster-buying-and-why-is-it-such-a-powerful-insider-signal

Botham,

This close to the conference, you would think that any announcement of the Tilapia licence award would actually be saved for the conference itself.

From a 28th. august post here by AEGOS:-
" ... Ministers use these high profile occasions to release news of the signings of significant national contracts ..."

And you can't get much more high profile for Congo O&G than CIEHC:-

"LARGEST OIL & GAS EVENT IN CENTRAL AFRICA
With over 650 participants during the last edition, CIEHC is without a doubt the largest gathering of Oil & Gas industry professionals in Central Africa."
https://www.eventbrite.co.uk/e/congos-international-oil-gas-conference-and-exhibition-ciehc-5-tickets-406136674727

At its current s.p. of 33p, NWT is at about the same equivalent level (consolidation-adjusted) as on 1st. October 2019 (32.5p consolidation-adjusted).

A level from which it had more than doubled by the end of the year.

This exceptionally strong Q4 performance was fuelled by, among other things, the company's recent return to profitability, and a sequence of 'cluster' director share buying, by four different directors:-

• 04/10/2019 09:51 Alliance News Alliance NewsDIRECTOR DEALINGS: Newmark Security Technical Director Buys Shares LSE:NWT Newmark Security Plc

• 21/10/2019 16:55 UK Regulatory (RNS & others) Newmark Security PLC Director dealing & significant shareholder change LSE:NWT Newmark Security Plc

• 24/10/2019 15:30 UK Regulatory (RNS & others) Newmark Security PLC Director/PDMR Shareholding LSE:NWT Newmark Security Plc

• 13/11/2019 16:56 UK Regulatory (RNS & others) Newmark Security PLC Director/PDMR Shareholding LSE:NWT Newmark Security Plc

• 09/12/2019 16:04 Alliance News Alliance NewsDIRECTOR DEALINGS: Newmark Security Chair Maurice Dwek Buys Shares LSE:NWT Newmark Security Plc

• 12/12/2019 07:01 UK Regulatory (RNS & others) Newmark Security PLC Director dealing LSE:NWT Newmark Security Plc

That included a buy equivalent of 684,000 shares for 50p/share (consolidation-adjusted) by the Chairman Maurice Dwek.
Following which he twice bought more, in December, at significantly higher prices, including a buy equivalent of 20,000 shares for 70p/share (consolidation-adjusted).

And a buy equivalent of 16,000 shares for 62.5p/share (consolidation-adjusted) by the then Group Finance Director Graham Feltham.

And not long after that the company reported good interim results:-

30/01/2020 13:04 Alliance News Alliance NewsNewmark Security Interim Profit Rises On Growth In Electronic Unit LSE:NWT Newmark Security Plc

With NWT's return to profitability this year, I think there's a great possibility of a similarly strong end to the year as in 2019.