Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on NEKTAN PLC. We currently have 16 research reports from 5 professional analysts.
|16Jan17 07:12||RNS||Appointment of New Chief Financial Officer|
|16Jan17 07:10||RNS||Appointment of Stockdale Securities|
|09Jan17 07:00||RNS||Trading Update|
|30Dec16 11:33||RNS||Posting of Annual Report and Notice of AGM|
|29Dec16 11:34||RNS||Preliminary Results|
|22Aug16 07:00||RNS||Sale of gaming brands|
Frequency of research reports
Research reports on
Small Cap Breakfast
09 Jan 17
Arian Silver Corp (AGQ.L) | Eco Animal Health (EAH.L) | Panmure Gordon & Co (PMR.L) | E K F Diagnostics Holdings (EKF.L) | Keras Resources (KRS.L) | Restore PLC (RST.L) | boohoo.com (BOO.L) | Premier Technical Services Group (PTSG.L) | Space and People (SAL.L) | Nektan (NKTN.L)
01 Jul 16
Nektan today announces a pre-close trading update for the year ended 30 June 2016. Total net gaming revenue (NGR) increase by 160% over H116 to £4.2m, with player numbers similarly up, with total cash bets increasing by 129% to £104.1m versus £45.4m in H116. The number of first time depositors also increased by 77% to 30,997. While Nektan launched 29 new partners in to its network over the year, the migration of customer partners to the new Evolve 2 platform during Q416 caused some slowdown in growth due to downtime and testing of the new platform, and as a result, EBITDA is marginally below expectations. This is now fully operational and functional.
Respin JV receives approval for release of Class II Mobile Solution product
14 Jun 16
Nektan’s JV in the US, Respin, has received approval from the designated and independent test lab for release of its “Rapid Games” product, a Class II Mobile in-venue gaming solution. Class II compliance certification opens the way for tribal jurisdictions to start deploying this product, which will allow players to play Class II games on their own mobile device, within designated areas of casino property .
New CEO appointment
18 May 16
Nektan today announces the appointment of Leigh Nissim as CEO, who will take over from Gary Shaw who has been Interim CEO since January 2016. Gary will remain on the board and will be appointed Director of Strategy with effect from Leigh’s formal start date in late July 2016.
Retain forecasts for FY17E and FY18E
05 Oct 16
While LFL sales growth of 1.8% for the first 12 weeks of FY17 looked a little light, this was on the back of 2.8% growth in the prior period. H2 comps become easier to lap and Christmas bookings (festive trading comprises 15% of FY sales on average) are up 10% YoY.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
Strong H1 17 performance, confident outlook for H2
20 Jan 17
Following on from the positive AGM statement at the end of November, MySale has released an upbeat pre-close trading update. Group revenue increased 6% to A$136.1m, while higher margin online revenue, now representing over 90% of the total group, experienced a strong rate of growth of 18% to A$126.5m. As a result, gross margin showed continued improvement of 270bps driving a 17% uplift in gross profit to A$38.4m (versus A$32.7m). Strong trading for the half, combined with a carefully controlled cost base, led to a doubling in EBITDA to A$3.0m. Management are confident going into the second half period and following the increase in guidance at the end of November, the company remains comfortable with current full year forecasts. More detail and an update on trading will be given at the interims expected on 1st March 2017.
EBITDA break-even reached, positive outlook
18 Jan 17
7digital’s FY16 revenues increased 7% y-o-y and EBITDA profitability was reached, as targeted, in Q4. New contract wins in FY16 set the stage for a stronger top-line performance in FY17 and we consider management’s reiterated target of operating profitability in FY17 as realistic. For an operationally geared growth company in its first year of profitability, the FY17e EV/EBITDA of c 12x looks attractive.
A year of expansion
17 Jan 17
Final results are broadly in line with our revised forecasts on most headline levels in what proved to be a difficult year for the Group. That said, it has significantly increased room capacity, which is now +40% ahead at the time of the IPO (+14.5% yoy), which improves its competitive position and offering. We are maintaining our headline forecasts, and with the dividend expected to be held for the foreseeable future producing an 8.7% yield with a NAV in excess of 180p, we continue to believe there is strong long term value offered at present.