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News & Comment

Potential bid talks at Netstore

Restructured IT services provider Netstore is talking to possible bidders after losing a first-half £266,000 pre-tax. Read

Cash-hungry Newlands loses £1.7m

Ofex-traded Newlands Scientific, which develops technology using 'smart' magneto-elastic materials (which respond to movements of magnetic fields), pushed sales from £16,200 to £578,500 in the year to July as it launched products, but its losses rose from £776,000 to £1.7 million in the process. Robert Tyerman reports. Read

'Enormous' accounting scandal at SFI

Tony Hill, chairman of pubs and strip clubs venture SFI, has resigned after the group revealed it had overstated the value of its balance sheet by around £20 million – an 'enormous sum for a company of this size' according to one City analyst. Ben Cobley reports on a scandal that will probably leave shareholders with nothing and could have serious implications for other present and past board members. Read

Netstore nears profits

Managed IT solutions provider Netstore's long running quest for profits finally seems to be drawing to an end, first quarter figures to 30 September revealing losses halved to £1 million on turnover up 370 per cent at £3.2 million. Elliott Davis reports. Read

Recommendations

Netstore
HOLD 15/09/2006

Continuing to benefit from the desire of mid-sized companies to outsource the boring and complicated disciplines of IT managed services and security, Netstore added two acquisitions during the year but posted a pre-tax loss. Read
Companies: NES   

Netstore's growing bank balance
BUY 02/03/2005

After a testing few years, IT outsourcing specialist Netstore is at last getting the thumbs-up from investors, thanks to a switch from techMARK to AIM in late 2004 and February's announcement of record interim numbers. Read
Companies: NES   

Netstore
NO RECOMMENDATION 14/11/2002

Read
Companies: NES   

NetStore
NO RECOMMENDATION 01/05/2002

Read
Companies: NES   

NetStore
NO RECOMMENDATION 17/07/2001

Read
Companies: NES   

NetStore
NO RECOMMENDATION 07/11/2000

Read
Companies: NES   

NetStore
NO RECOMMENDATION 25/08/2000

Read
Companies: NES   

Sector Articles

AIM news

Investors’ recent aversion to risk and a sell-off across the small-cap scene saw the index slump 6.7 per cent to 952.5 points last month, but a hubbub of bid talk has kept investors entertained. Read