Member Info for inthemony

I think it was in their last update in early Sept that they stated that NPT would come in at or above market expectations for the year. Does anyone here know what forecast they have put forward for the FY 2014 and maybe even their forecast for FY 2015?

I am still long on NPT though I am wondering what has to occur to get the price back to 20p....I am really puzzled by this situation. Growing, in the gaming/ mobile space, generating cash, paying a dividend, proven business model...hmmmm.

Just re-read the 15.7.2014 rns and I struggle to see anything terribly negative in the statement. This thing is off 50% in six weeks and there is no public information to support the drop. I am confused as to why management doesn't simply state that the share sell-off cannot be explained and that they stand by the July 15th statement and there has been no material negative change in trading. Have been a holder of this for a long time now - enjoyed the days at 23p but never sold. With such strong underlying performance and stable growth and dividends, it is hard to explain why the sell off has occurred unless the institutions are privy to information the board is not sharing with the public.

It is really beyond me how this can be holding at these levels - low that is. Mr. Butler needs to put out a statement to 1) clarify the POC tax issue and its current/ potential impact on the company and 2) if there has been a substantive change in the underlying operations or performance of the business in these last few months. This all happened out of nowhere in my view and it is because I don't think he has informed the market as to the situation with the company.

Agree 100% - Mr. Butler...anyone at NPT...please throw us a bone...!

Good to see some rational buying in the last two days.

Cannot fight the broader market either...keep the long term view. Gotta give to director Mr. Lapping for stepping in and sending a positive signal via his token buy today.

Understand - a great longer term buy though in the short term it is tough to fight the negative momentum in the tech sector at present. As far as CEO options execution and sell, sort of cannot blame him for taking some off the table given the incredible turn-around he and his team have pulled off. I am sure he will be granted more options over time so I wouldn't take his recent move as a negative for the stock. Agree that once dividends hit, there might very well be a bit of selling. Do you know what date they pay?

Slater Investments Ltd obviously sees value in NPT - RNS just released showing that they topped up to 8,940,000 shares from 8,259,189....nice one.

With a very stable set of results just behind us, it is very hard to understand why the downward pressure is so consistent...cannot fight the broader market...simply another good buying opportunity in my view.

Hey jazzindahouse....I am confused by what you mean about possible dilution in the future...I may be missing something... Also have to wonder if perhaps management is considering buying back some shares at these prices....? Also, looks like I got Henderson wrong because they had been sellers over time...seems like they recently added shares....hmmmm. Henderson must know more than the wider market....Thoughts?

I agree Alexia. Doing some very quick maths, a multiple of 13 (which is referenced as the long term multiple based on the below posting by Hugh-Jarse) on earnings of 4.1 million gets the value to 53.3 million....add in the cash on hand of 14 million and one could very well argue a value of 67.3 million. This puts us at a reasonable 23p per share based on 293.56m shares in circulation. Anyone, please let me know if I am missing something.

A good set of numbers. What I like about NPT is that it straddles both tech and gaming sectors which can both yield good multiples. Though, and I have said this before, don't forget about Henderson which has been a very large holder of NPT shares for a very long time. Bit by bit they are taking profits (I think that their average purchase price is pretty low) so I presume there is still quite a bit of overhang still to be sold. All of this said, NPT is stable, operating in an interesting sector, generating cash and is certainly poised for nice and controlled long term growth. Investec came in a few months ago which is a good sign....so if a way can be found to relieve Henderson of its shares, that would help support future SP growth. Actually, we have to be pretty grateful that Henderson has been slowly selling and not outright dumping. I could be very wrong on all of this though this is what I feel...DYOR

It is not a question of what they could have sold at, it is more a question of what they bought in at. It is important to remember that if you search through the historical RNS, a fund raising round took place for this company about three years ago at 3 pence per share (I cannot remember the exact time) and the entire company was re-positioned under the new CEO being Charles Butler. People who were in on that round, and those that got in all along the way up are well "into the money" one could say. The thing to note is that there is close to 300 million shares outstanding and daily volumes in recent time are at around 1.75 million shares sold per day. With average trades in the 5,000 to 100,000 range. When a big seller comes in to sell 2.1 million shares, one would expect a big dip but that did not happen. The point is that there must be plenty of folks out there happy to pick up shares at this 18p range (sort of a floor.) Who knows why people/ investment firms sell when they do but my opinion is that results in April will show steady gains and a stable and growing company paying a dividend which also operates in a sector (technology/ gaming) that is interesting. DYOR

A stable stock with strong upside...note the early afternoon sale of 2,100,000 at 18.60p...one would think such a large sale for this stock would tank it, at least a bit, but it continues to hold in this trading range.

Yep - shake 'em all out as far as I am concerned. I really don't think an 80 to 100 million quid longer-term valuation is not unreasonable. Great buy at these prices. I cannot see how 2013 FY results will disappoint. IMO

Understand. I have been following this company for a long time now, including through its darkest days when it had to restructure and get focused, and all I can say is that it is operating in an interesting and evolving segment, it is led by a very fiscally responsible CEO, pays regular dividends and generates a lot of cash. Slow and steady wins the race in my view and this is certainly steady.

Great value today. With FY results arriving early next month, a good time to buy IMO.

Hey - Where did everyone go? All out or simply waiting for April RNS...?

Good to see stable buys throughout the day...a stable stock.