Extremely volitile because of the Pahkistan connection but I would buy:
NTWK
4800 shares traded today. I can't buy something with such a low volume. But thanks ;)
Hey...this is what I got in an e-mail :
"Today I'll buy 3 stocks mentioned on our Stock Picking Board. I'll spend the day analysing the stocks you bring for consideration and finally, near the closing time, I'll buy 3 of them.
You just show up and if you will bring some nice picks, thanks !"
So I just thought I would send one in. I didn't know I would be insulted
Insulted? Where? I'm sorry your stock only traded 28000 shares today ... this doesn't mean it won't go up, it just doesn't fit my criteria which looks for stocks with 1,000,000 shares plus traded. But thanks and good luck on your investments.
Quote from: Romantic_lead on June 09, 2005, 01:13:54 PM
So I just thought I would send one in. I didn't know I would be insulted
Romantic_Lead,
David is making comments on all the pick made by our member... that takes a lot of time and work.
You did just great in giving your pick, but I don't understand why you say David insulted you ???
NTWK reported record 4Q and FY results last week. It also gave strong guidance for 2006. 1Q 2006 will be reported in less than 4 weeks and should be another record quarter.
Great entry point as the sell-off has stopped and a new uptrend should start tomorrow.
9/14/05 4Q and FY 2005 EARNINGS HIGHLIGHTS:
--- $12.4 M in revenues in 2005 vs. $5.8 M in 2004. This is a 116% revenue growth!. Beat $11 M revenue guidance by 15%
** $19 M - $20M revenue guidance for 2006
--- $4.5 M 4Q 2005 revenues vs. $1.9 M 4Q 2004 revenues. This is a 240% revenue increase.
--- $663 K net income or 6c/share for 2005 vs. a loss of $2.6 M or 33c/share loss in 2004.
--- $235 K net income in 4Q 2005 vs. a loss of $674 K in 4Q 2004.
** 15 - 20c/share net income in 2006. Estimated based on 70% gross margin on $19 M - $20 M 2006 revenues. Gross margin was 62% in 2004 and 54% in 2003.
--- Ended 2005 with $1.4 M in cash vs. $871 K
--- Doubled Stockholders equity in 1 year to over $15 M.
--- Raised $6 million is successful IPO of a subsidiary in Pakistan (not included in balance sheet yet)
Here are the links for the earnings and the guidance (after the CC) releases yesterday:
http://biz.yahoo.com/iw/050914/095256.html
http://biz.yahoo.com/iw/050914/095320.html
FROM THE 10K:
The fiscal year ended June 30, 2005 was a very busy and exciting period for NetSol worldwide. The Company added a few major new customers such as DaimlerChrysler in China, Japan, and New Zealand and Toyota Leasing Thailand and China. In addition, many new customers were added in Pakistan in both the public and private sectors. NetSol signed many new alliances and partnerships in fiscal year 2005. The most significant of all was the joint venture with a UK based company, The Innovation Group ("TiG"). NetSol owns 51% of this new entity while TIG owns 49%. The partnership is designed to outsource the global IT projects of TiG to NetSol in Pakistan.
NetSol made a significant move by acquiring 100% of a UK based software company CQ Systems Ltd. in February 2005. The acquisition of CQ Systems has provided NetSol a very strong and seasoned management team with a mature, profitable, business.
NetSol's global frame agreement with DaimlerChrysler Services ("DCS") qualifies NetSol as a preferred vendor to DCS in 40 plus countries where DCS operates. As a direct result of the successful implementations of some of our current systems with DaimlerChrysler and the signing of the global frame agreement, we are noticing a significant increase in demand for LeaseSoft. Although the sales cycle for LeaseSoft is rather long, we are experiencing a 100% increase in product demonstration, evaluation and assessment by blue chip companies in the UK, Australia, Japan, Europe, North America and Pakistan. In fiscal year 2005, NetSol raised the pricing of its LeaseSoft licenses significantly due primarily to a surge in demand. In spring of 2005, one complete system was sold to Toyota Leasing Thailand ("TLT") for nearly $2.3 million that includes over $1.2 million for license fees.
A number of large leasing companies will be looking to renew legacy applications. This places NetSol in a very strong position to capitalize on any upturn in IT spending by these companies. NetSol is well positioned to sell several new licenses in fiscal year 2006 that could potentially increase the sales and bottom line. As the Company sells more of these licenses, management believes it is possible that the margins could increase to upward of 70%. The license prices of these products vary from $100,000 to an excess of $1,000,000 with additional charges for customization and maintenance of between 20%-30% each year.
TARGET $3+. Institutions will start buying soon.
Great pick Mr. Wise!
I think this is gonna be a huge % gainer in the months to come. I think i might just have to take the risk as well and buy before the financials are released to catch the train at the station before it leaves without me. Even to buy after the financials would be a great move(its alot safer) but could be less profitable. But better safe then sorry ;D And as long as the financials are good.
Their has been many good PR's this quarter about new contracts and partnerships have been entering to create more revs$$$ in the amounts of millions. Already in the first 3 quarters of this year it has beeten every years total revenue since 2002!!
REVENUE
Quarters2002 2003 2004 2005
SEP 1,130 653 973 2,058
DEC 857 946 1,208 2,723
MAR 855 914 1,701 3,191
JUN 736 1,232 1,867
Totals: 3,578 3,745 5,749 7,972
As well the EPS have been negative since 02' and have been positive every quarter this year!!
This company was once trading at 400/share! I think it's finally getting its act together and lookin to make a reversal.
I bow to the Wiseman 8)
Heres some TA :)
NTWK is creating a symetrical triangle and if it breaks out of it, which i think it will on heavy volume on wednesday with the release of its financials. But hey maybe it will Today! i plan
buying at the open. As well which would be an even better technical signal and a safer place to buy, would be a break of the Looooonnngg decending trendline thats been forming since 03'. Hopefully the year end results will give Netsol enough adrenaline to break right through it >:D
Best of luck,
-Fousc
take a gander at the charts if you will ;D
Fousc,
Thank you very much for the excellent feedback/input.
Wise
NTWK is breaking out on high volume.
Wise....you have the MIDAS TOUCH my friend. Thanks!! ;D
In this morning @1.98. Looks like the public or some insiders are anticipating the release of the financials tomorrow. Hope we got a nice break away gap tomorrow morning!. Also looks like its breaking out of the ascending triangle on heavy volume i'll post the chart a couple hourse after the close.
What do yah say we make some money tomorrow eh? ;D
-fousc
Wiseman,
I really like this pick. With a $28 million market cap and all the new contracts, seems sound fundamentally. I noticed particularly the ttm revenues of about $10 million and the following note in this summer's 10Q...surely it could lead to a big jump in market cap if it comes to fruition ... and anticipation is so sweet. Dave
TiG Joint Venture. In December 2004, NetSol forged a new and a strategic relationship with a UK based public company TIG Plc. A new Joint Venture was signed by the two companies to create a new company, TiG NetSol Pvt Ltd., with 50.1% ownership by NetSol Technologies, Inc. and 49.9% ownership by TiG. The creation of this joint venture would provide new revenues for NetSol as TiG plans to outsource the development load to NetSol through this joint venture. According to recent figures of TiG, they have approximate revenue of over $120 million of which approximately $50 million of that revenue is generated from technology business. Both companies anticipate much of TiGs technology business to be outsourced to NetSols offshore development facility in the next few years. ;D
Bigdogs,
Great post.
BTW, I am moving some of my PDEX money into NTWK because there is greater short-term potential with NTWK
Well we couldn't have asked for a better day from NWTK. Price action broke out of both the longterm descending trendline and the symetrical triangle on heavy volume and a decent price surge. This looks like its going to be a great pick on behalf of the wiseman. Though i think i'll wait until tomorrow to congratulate you ;)(If things go are way). Let all of us who have a posisition in this stock hope for the best tomorrow morning :o
-fousc
Today's price action 9/13/05
Report looks very good.
Great Find.
Good Trading
NetSol Technologies, Inc. Reports Financial Results for Year-End Fiscal 2005
Wednesday September 14, 7:30 am ET
Revenue Surges 116 Percent to $12.4 Million; Company Delivers First Profitable Year With Net Profit of $663,325 or $.06 EPS
CALABASAS, CA--(MARKET WIRE)--Sep 14, 2005 -- NetSol Technologies, Inc. (NasdaqSC:NTWK - News), a developer of proprietary software applications and provider of information technology (IT) services, today reported revenue for its fiscal year ended June 30, 2005, of $12.4 million, a 116 percent increase when compared to revenues of $5.8 million for fiscal 2004. Net income for fiscal 2005 was $663,325, or net income per weighted average share of approximately $0.06 compared to a net loss of ($2.6) million, or a net loss per weighted average share of ($0.33) for fiscal 2004.
WOW!!
They've even beaten the preannouncement numbers by over 10%!!!
Huge 4Q. great improvement inthe balance sheet.
Fantastic turnaround!!!
Bid at $2.67.
OK!
Congratz wiseman! I can't wait to see price action today. Up 116%!!! A great day its going to be ;D.
-fousc
Nice job!!! are you still in PDEX also or did i miss something? and what to do here? get out now or do we all think it will go up? Great job wise!!!
Quote from: puenthouse on September 14, 2005, 09:30:17 AM
Nice job!!! are you still in PDEX also or did i miss something? and what to do here? get out now or do we all think it will go up? Great job wise!!!
Thats a good question puentouse. My trading plan is to hold as long as it closes above my technical target of $2.43. Right now its at $2.44 ;D.
once again great pick wiseman. I love the quickies :)
-fousc
The shake is almost over
Just like the PDEX action initial sell-off by frustrated longs and impatient short-term traders followed by a nice gain.
I am adding a bunch in the low $2.3's because this puppy will be flirting with $3 next week.
THIS JUST IN!! .............80% REVENUE GROWTH FOR 2006!!!
NetSol Technologies, Inc. Releases Guidance for Fiscal 2006
Wednesday September 14, 12:35 pm ET
CALABASAS, CA--(MARKET WIRE)--Sep 14, 2005 -- NetSol Technologies, Inc. (NasdaqSC:NTWK - News), a developer of proprietary software applications and provider of information technology (IT) services, today announced guidance for fiscal 2006. The company expects revenue for fiscal 2006 to be between $19 million and $20 million. Revenue guidance and net income guidance will be updated mid-year.
I am buying too Wise. Great entry point at $2.35.
This one will be like PDEX soon..
Not sure how reliable it is but
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=ntwk
This is THE bottom.....$2.15 - 2.2
Huge 1Q coming up in just four weeks.
With a higher base and higher visibility, NTWK will go over $3 after 1Q earnings.
I added a bunch at $2.2...
Quote from: wiseman213 on September 15, 2005, 10:45:42 AM
This is THE bottom.....$2.15 - 2.2
Huge 1Q coming up in just four weeks.
With a higher base and higher visibility, NTWK will go over $3 after 1Q earnings.
I added a bunch at $2.2...
Thank you wiseman for the pick. I am in.
The gap two days ago has been closed, and we are consolidating now.
Should start to move up from here. Price Target $3.30 8)
Fundamentals always win in the end.
I agree 100%.
Don't forget that huge 1Q numbers are expected in about 4 weeks... >:D
The gap has been filled.
It is up from here. The company will likely pre-announce record 1Q 2006 results...and that can be any day.
Even if a 1Q pre-announcement is not in the cards, 1Q results will be reported within a month. With the great expectations as a result of the bullish guidance and the recent contracts, NTWK will fly after a date for 1Q 2006 release is announced.
Time to accumulate folks.
To start things off, I'll say I'm a rookie to most of this.
Looking at the charts of VPHM and HOM and then NTWK and PDEX, I see pretty similar starts to the rallies. Two white candles to start the move up on high volume(with the exception that NTWK's second candle was black), followed by a rounded decrease in volume and then a pretty steady move up. I feel like NTWK and PDEX's retracements are healthy, and the start of the move up on fairly small volume should start pretty soon.
In all of these cases, the fundamentals drive the rally, but the start of each looks similar to me.
Like I said, I'm pretty new to this. Any input on if it makes any sense to anyone?
Bjc,
You are very good to be new at this . However, I am more fundamental than technical. But I agree with you that at these prices, NTWK and PDEX are excellent buys. I bought a bunch of both stocks at near the LOD on Friday. ;D
Both will report strong earnings in just a few weeks. I see a 30 to 50% increase from these prices within a month. Something very similar happened to LANV..one of my recent picks.
I am excited about my WSCI and NTWK holdings for next week. I believe that WSCI might rocket tomorrow. NTWK, on the other hand, should climb steadily. Slowly first, but once it goes past $2.3 it should gain a lot of momentum.
Keep an eye on NTWK. This puppy is acoiled spring and can breakout any minute now.
Wiseman, what is your advise on this. are you sitting and holding this for earnings? are you still in on this? do you advise buying more at the low 2.00 or do you have a gut feeling this will go under 2 ?
Hi guys ;)
just saw this thread and thought i'd throw some TA your way :)
Have to admit, 3SOF never ceases to amaze me, I'm on here every day and still finding new threads with fantastic picks, just set to explode :o
So, excuse me if you will but I completely missed the frenzy of the last rise, though it really looked like the day traders got a hold of it and milked it for all its worth on that one. While I'm sure that it is underwritten fundamentally, just reading the Yahoo MBs it sounds like there were a lot of sore bag-holders around :-[
Anyway, I think things look perfectly set up for a turn around, and I wouldn't be surprised if it is today or tomorrow. As we can see, the last breakout was a symmetrical triangle to the upside, and blew past the upside target on huge volume, but I think just too fast. The subsequent retracement has been steady and on lowish volume, and nothing compared to what it broke out on. Now today you can see that we came down to exactly touch the top side of the symmetrical triangle, the previous resistance line, now acting as support, and bounced off this with strength. What's more, the close of the day was exactly at the 68.1% Fibonacci retracement level, and while I'm not too sure what this means, it looks nice ;)
Actually what I think this means is that we have 2 good indicators that support has been reached on this retracement and we should see an advance from here on out. I'm pretty new to this, but if you ask any of the other technicians out there, I think they would agree that this is a textbook example right here.
My only word of warning, if it breaks the descending support line, I don't think I'd wait around long, this one sounds like it has been a painful ride for some :'(
Happy Trading!!
The Scotsman
Thanks Scottish, good imput... been waiting for some more info on this. I have asking wise what his plans were on this. He still thinks that news in OCT will bring this one up, and he has been right about 80% of the time. I have been surprised that NTWK has dropped under 2.00. I did not like seeing that, but following Davids % bases, my 8% can be spared waiting till the report.
Scotsman,
Nice analysis. Applause.
Quote from: ScottishTrader on September 29, 2005, 02:18:31 AM
So, excuse me if you will but I completely missed the frenzy of the last rise,
It doesn't look like you missed anything, unless you were real quick at the September 14 opening "Gap To Crap" ;D
Quotethough it really looked like the day traders got a hold of it and milked it for all its worth on that one. While I'm sure that it is underwritten fundamentally, just reading the Yahoo MBs it sounds like there were a lot of sore bag-holders around :-[
It does look like there was alot of speculation on September 14 and 15. The high for the move was at the open on September 14. Those two days were both black candlesticks, and the volume was heavy; even heavier than the channel breakout on September 13. That usually doesn't bode well when the heaviest volume days are on down days, ala BRVO.
QuoteThe subsequent retracement has been steady and on lowish volume, and nothing compared to what it broke out on.
That's good.
QuoteNow today you can see that we came down to exactly touch the top side of the symmetrical triangle, the previous resistance line, now acting as support, and bounced off this with strength. What's more, the close of the day was exactly at the 68.1% Fibonacci retracement level, and while I'm not too sure what this means, it looks nice ;)
Similar action yesterday...trying to hammer out a bottom at the down trendline.
QuoteMy only word of warning, if it breaks the descending support line, I don't think I'd wait around long, this one sounds like it has been a painful ride for some :'(
That wouldn't look so hot, to close back inside the channel, and it really wouldn't look good if NTWK also closed below the up trendline (dotted green line ont the chart). It's a validated trendlifne (4 hits). I put the data points for the coming days on the chart.
There might be support at 1.66 - 1.67 basis the weekly chart, which I'll post next, but I find that when I'm thinking, "Maybe this is support...maybe that is support...okay, I hope
tha-at is support," I'm better off going and playing something else.
;D
Great work Melf elf. Following closely.
Thanks (Applaud) Asap.
Any thought on this one today Melf ? ? I watched the action today until 10 min before close and it print the low of 1.81 I thought that 1) it broke up trendline intraday (I think it is around 1.87) 2) I think it has no chance of coming back up and close above the line (since it was so thinly traded) So I sold mine got filled at 1.83 around 3:52 pm boy o boy did I get shock when i check the chart tonight. It manage to creep back up and close at 1.90 hmmm. What's up with that?? Well gotta move on. I see alot of support around 1.70-1.80 area. Well I jumped the gun >:D
wiseman-
Where was it you saw that NTWK's earnings will be announced in early/mid October?
If that information is false, are you aware (or is anyone else) of when the earnings announcement will be? I would expect them to be pretty good, and it looks like thats probably the only thing that will move the stock price.
Hi bjc,
FYI, they reported on November 9 last year. So, I expect they would do the same this year...IMO.
This one is moving good volume again, price also increasing
perhaps we might have a rally here >:D
jorgegr
"NTWK" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;) ;D
Yesterday's closing chart.......
Target: $$2++ after earnings.....$3+ by year end
Software company NTWK will report 4Q and FY 2007 financial results in a few days.....about a month ahead of last year's release.
During an investors' presentation this month NTWK's CEO said that the company has met its $30M revenue goal for the year. This is Up from $18M in 2006
What this means in that NTWK will report 4Q 2007 revenues of about $9.5M or up over 100% from 4Q 2006 when it reported $4.6M.
This also means that based on the current cost structure and gross margins of over 50% NTWK will report a profit for the quarter compared to a loss of 10c/share in thew year-ago quarter.
The only analyst covering the stock has a $3 target and expects 50% revenue growth and 13c/share net income next year.
The stock is trading at 0.6 P/S and it is sure to jump to well over $2 after earnings.
jimbocrapper,
Welcome to 3SOF ! #1 Stock site on the web.
You are in the right place, lot's of stock traders here with a great deal of knowledge.
Heads up on your post...
It is not necessary to use all the capital letters in the title of your topic. I did edit the title of your topic to remove all the caps! When one does that, it is as if he or she is trying to speak to loud to gain someones attention to their topic and it seems as a way to try and pump a stock pick.That is a notorious way of the Yahoo Message Boards !
This is by far a much greater site than Yahoo boards.
So please kill the caps in the title of your topic when you wish to post and make a stock pick,and one other thing Use the search before starting a new thread on a stock,more than likely there is a thread that already exist, if so post your comments to that thread.
If by the search, you fail to find....by all means start you topic on your pick.
I used the search and found that a thread already exist on NTWK.
Your post will be merged with that thread.
Thank you, and once again , Welcome to 3SOF....The Best !!!
I will leave you with today's closing chart....
Good trading to you ! Make some $ bucks $ ;) ;D
Thank you very much for the nice welcome. I agree that this is the best stock website in Cyber space
alexxxtreme, Your post of today has been merged with the thread that already existed on NTWK.
Welcome to the greatest "3SOF" ! ;D ;) 8)
Heads-Up, read 2 post above your post today.
Thank you...Good luck with all your trading ! ;)
Interesting Research note on NTWK:
Netsol Investment thesis-- a work in progress
Netsol Technologies (Nasdaq: NTWK)
Overall Thesis:
Netsol technologies is a US-based holding company with operating subsidiaries in the US, UK, and Asia, most of which provide enterprise software and related IT services. The company leverages its low-cost development offices in Pakistan to provide rock-bottom prices (and higher margins) then found in most IT companies. I believe this stock can become a multi-bagger over the next several years due to multiple catalysts.
There are several ways of describing just how undervalued Netsol is. Take your pick:
1) You get all Netsol's businesses for free based on the estimated PV of one contract that Netsol has a high probability of winning at the end of 2007.
2) You get a 78% stake in Netsol's Pakistan subsidiary, with a $20M public market value (66% of the market cap), for free.
3) You buy a Worldwide IT services firm with a low labor cost, growing at 50% YoY, for 1x FY07 revenue, 15 P/E, with multiple near term catalysts that, in the next few years, could create a business with earnings power of $25M (nearly equivalent to the companies' current market cap).
In a nutshell, this is one of the most exciting risk/reward plays I have seen in a long-time.
The Pakistan IT Labor Market—Why Pakistan?
Before diving into a description of the company, its worth giving a brief overview of the IT labor market for Pakistan. With the rising popularity of outsourcing, labor prices in many of the top outsourcing markets have been experiencing upward pressure. India, in particular, has been subject to export taxes and rising labor costs that have raised the cost of doing business there, and sent companies looking elsewhere. Pakistan is about 25-40% cheaper than India, likely even more so with the recent excise tax levied on IT export services there. Below is chart comparing the avg. cost of the average IT employee in US vs. India vs. Pakistan (pre-excise tax):
INSERT TABLE
US..............$58,598
India..........$11,854
Pakistan.....$9,000
Pakistan has a ready supply of quality, cheap labor, and is in a much earlier phase of outsourcing than India. The total revenue generated by Pakistan IT companies has grown from only $20 million in 2003 to $70 million in 2006, a CAGR of 52%. Some estimates claim that this is under-reported nearly 8x due to the numerous small companies and individuals in this fragmented market. Assuming the $70M is correct number, Netsol PK (their Pakistan subsidiary), has about 12% of the market
Many large companies have outsourced a portion of IT operations to Pakistan, including IBM, TRG, ZTE, and NCR. Pakistan has high levels of tech savy, English speaking residents, and a 15 year tax holiday on IT exports (vs. India which recently levied a 33% tax on IT services exports). Overall trends appear strongly in Pakistan's favor, with continued high growth expected for the foreseeable future.
About the Company
For a $30 million dollar company, Netsol has an extremely complex operating structure that I believe may be obscuring some of the value in the name. In addition, several one time charges related to acquisitions, as well as significant sales investments that are just beginning to bear fruit (due to long lead times) are also hindering current profitability.
The company has won numerous recognition from the Pakistan government, including "IT Exporter of the year", which was given to it by the Prime Minister. It also has Cmmi level 5 certification, which has been attained only by about 100 companies WW, and is considering the benchmark for quality in facilities, particularly when dealing with offshore companies. It is not a fly-by-night outsourcing outfit, but a serious, highly regarded business.
Netsol has two primarily lines of business: a suite of software products and solutions for the leasing industry (The Global products group), and a for-hire, outsourced application development and IT services group (The Global services group). In turn these two business lines are operated across a set of different subsidiaries in multiple markets. I have outlined the subsidiaries and
McQue Systems and Netsol CQ (Global Products Group):
Overview
These groups focus on selling Leasesoft, which comprises a suite of four asset-based leasing/financing software application that for customers in the lease and financing industry. The product is still in the early stages of its adoption, with the majority or revenue (70%+) coming from APAC. This group has won several large accounts and strategic agreements with division of Damien Chyrsler, Toyota, and Yamaha. The product has been particularly strong in APAC, where it has become the leading option for Chinese auto manufactures.
Acquisition Strategy
The company has spent $15.3 million purchasing McQue Systems (US) and CQ systems (Europe) in 2005 and 2006 for about 1.5x revenue and a P/E of about 15. Netsol transitioned half the staff at each location to their offices in Pakistan, resulting in immediate cost savings, and simultaneously ramped up sales efforts in both regions in order to more aggressively penetrate these markets. The company views these new operations as strengthening their core Leasesoft offering, while simultaneously allowing better access to both the US and European markets through their subsidiaries. The company also set up a UK subsidiary (Netsol UK), to pursue future opportunities in Europe.
Valuation
Long term, Netsol should enjoy improved growth and margins from these business beyond that possible in their pre-acquisition state. They expect to migrate 50% of development in the US and UK to Pakistan, which should result in labor savings of about 40% overall (all-in cost/employee is 80% less in Pakistan). This is an attractive collection of business that appears to be doing well on its own right, but not core to my analysis. I conservatively value Mcque systems and Netsol CQ business at their cost at time of acquisition in 2005 and 2006 ($15.3M). Though there is still $1-2M left on the Mcque Systems acquisition (in the form of an earnout), I will assume that this amount is off-set by the increase in value due to operating efficiencies generated by moving development offshore.
Non-Services Divisions (Netsol UK, Netsol USA, Netsol Connect, Netsol Omni):
These businesses account for a very small portion of Netsol's revenue and profits. They include Netsol UK and Netsol USA (largely non-functioning subsidaries), Netsol connect (a $1mil/year, break-even ISP, in which Netsol owns about 50%), and Netsol Omni (less than 50k in revenue, 50% stake, break-even). Netsol UK formely was a large contributor, but appears to have moved the majority of its operations to Netsol CQ. It still is responsible for biz dev functions in the UK (e.g. future JVs), but is not a major contributor on its own right. These business are marginally profitable (less than 200k in profit). For simplicities sake, I will value them at nothing.
Net-Sol TiG JV (50.1% ownership)
Overview
Netsol formed a JV in December 2004 with TiG, a provider of claims related outsourcing in the UK. The JV gives each approximately 50% of the combined company, and calls for TiG to gradually transition the bulk of its technology development business to the JV ($50M a year in revenue). This allows TiG to significantly lowers its cost of service without the risk and struggle of setting up its own outsourcing operation. The business grew over 100% YoY in FY06, and accounted for approximately $500k in net income after adjusting for minority interest. Net operating margins are a whopping 50%.
Valuation
Currently, this business has only received about 5% of TiG's total technology development business. If and when TiG does transfer over the whole business to the JV, this business could generate $12.5M annually in net profit for Netsol, adjusted for minority interest. Slap a 15 P/E on that, and your looking a $187M business, or 6x Netsol's current market cap.
For now, how should we value a business that generated 500k in profit, is growing 100% annually, has 50% net margins, and has what seems to be an eventual lock on about $50M of business? Given the small size and relatively short operating activity, lets say a 30 P/E off FY06 (equivalent to 15-20x forward FY07 estimates), or about $15M.
To recap::
McQue Systems: $8.6M
CQ Systems: $6.7M
Netsol TiG JV (50.1% stake): $15M
Total Value: $30.3
Netsol Market Cap (@1.68): $30.5M
Netsol PK (78% interest)
Overview
Netsol PK is the most talked about of Netsol's holdings. It is traded on the Karachi stock exchange, and has an estimated market cap of $23.4M (netsol's stake is worth $18.3M), but owners of NTWK get it for free. This division sells Leasesoft and professional services to APAC, which to date has been the companies' most successful region (it generated about 60% of FY06 revenue). This division produced $8.4M in revenue in FY06, and recently reported a blowout Q2, with revenue up 129%, and net profit margins increasing fourfold, hitting 41%. In addition to increasing success selling Leasesoft into Asia, this division has made increased inroads with the Pakistan government for a series of contracts. This division appears to be trading for about 2x trailing revenue, which appears a significant discount assuming the 40% net profit margin holds, and given the 100% growth. That said, this thesis does not rely on this subsidiary trading at a higher valuation multiple...
The $300M Punjab land records contract
On January 17th, apparently under the radar of Netsol investors, the company announced that it is a finalist for the $300M Punjab land records contract. The day of the announcement, the stock didn't budge. I am still perplexed as to why this announcement has had seemingly had little effect on the stock-price but, after further researched, am convinced that this announcement alone justifies the stock's entire market cap.
The World Bank, in conjunction with the province of Punjab, selected Netsol as one of four finalists (from 9 local vendors) for the $300M land records project to manage and automate the provinces land management system. Two vendors will ultimately be selected, with expected revenues to each of $25M over the next 5 years. Netsol expects this business to be high net margins, on par with the margins generated from currently from the Netsol PK business (~40%). The final two vendors are expected to be selected by the end of the year.
So, what are their chances of Netsol winning? Well, as a baseline scenario, it would appear that they have a 50%. For several reasons, I believe the likelihood is much higher—in fact, I am more concerned that the project will be delayed or cancelled then I am concerned that Netsol will lose the deal. Here is my thinking:
1) Netsol is the largest IT services provider in Pakistan in terms of revenue
2) The Pakistan government has awarded them multiple recognitions for being the best "IT services exporter" in the country.
3) Netsol has several existing contracts with the Pakistan government on other IT projects
4) Netsol's Cmmi level 5 facility is one of only 100 worldwide, and I believe is likely to be one of the only ones in Pakistan, given the length of the accreditation process and quality standards (note: I have not been able to confirm this).
5) Two firms will be selected and, given the scope of the project and Netsol's leading position in the market, I'd imagine their experience will be a strong factor (even if, for some reason, the other smaller companies do a better job)
Valuing the Punjab opportunity
To determine the value of the deal, I have assigned probabilities to the following scenarios:
A: 80%: Netsol wins the deal
B: 20%: Contract is cancelled or Netsol loses out on deal
Below is the value for each scenario
A: $25M revenue @ 40% net margin = $10M/yr. 10M x 5yr = $50M. @ 15% discount rate yields PV of $32.
B: 0
Total value of the opportunity: $32M*.8 = $26M
This also does not include the benefit to Netsol of any follow on work from this deal, or the fact that winning this deal will likely lock Netsol as the go-to vendor for future large projects in the region.
Conservative sum of parts valuation
Though I believe this idea works better when you look at is as an undervalued play with many things that can go right, I've put together a sum of parts valuation based on the work done above, adjusted for a 20% holding company discount. Debt is minimal (and offset by receivables), so I have chosen to use market cap rather than EV.
McQue Systems: $8.6M
CQ Systems: $6.7M
Netsol TiG JV (50.1% stake): $15M
Netsol PK stake (@ market): $18.3M
Punjab PV: $26M
Holding Co. Discount: 15M
Estimated total value: $59.7M
Value/share: $3.14
Price/share (3/12/07): $1.68
Premium: 87%
I think the above uses conservative estimates, and that the long-term upside is much higher. Another way to look at this is to see the potential earnings power of the business if a couple things go right. If Netsol wins the Punjab contract, and if TiG transitioned 50% of their technology development business to the JV, then those two catalysts alone would generate $15M in net earnings in FY08. Put a 20 P/E on that, and you have a 300M market cap (10x the current market cap).
Catalysts:
1) Punjab Land contract announced (end of 2007)
2) TiG moves substantially more of technology development to Netsol-TiG JV
3) Increased penetration in Europe and US markets due to recent acquisitions
4) Improved operating efficiencies from moving development work from US and UK to Pakistan
5) Increased recognition by the street. This is worth explaining a little bit more. First, the obvious: Netsol is in a hot space, and has a great story. If the business traded at multiples anything like the Indian outsourcers, it'd be a strong double to triple in the near-term, with sustained 30-40% annual gains assuming the multiple stayed constant and performance remained strong. The second point worth noting is that management and employees are very invested (too invested; see risks) in the success of the company. The brothers that founded the company several years ago own ownership stakes, through options and current holdings, in about 44% of the company. They also referred several times, in their recently published 10-QSB, specifically to aggressively marketing the idea to the micro-cap and larger investor community
The word is getting around.....
http://www.smallcapinvestor.com/articles/stock_research/rising_star_stocks/09/07/2007/af8d1eb220
Thank you for the tip. I got in at $$1.62 last week.
I don't think many people know that the Pakistan IT/BPO IT/BPO industry (where NTWK is the main player) is the fastest growing in the world. Faster than India, Philippines, and Brazil.
The following report mentions that IT/BPO exports from Pakistan are expected to grow from $1B in 2005 to almost 10B in 2010!!!!
http://www.pseb.org.pk/page.php?pid=2
On the first table you will notice that out of about 1000 IT companies in Pakistan there is only CMM Level 5 company, and one CMMI Level 5 company. That company is NTWK. There are only 94 software companies in the world that have this qualification.
NTWK moving into the Middle East now.
Already strong in Asia Pacific, particularly in China, NTWK is steadily growing its global reach. NTWK, headquartered in Calabasas, CA, has offices in USA, UK, Canada, China and Thailand and hopes to open up an office in the Middle East.
http://www.arabianbusiness.com/499686-netsol-finance-focus-?ln=en
Netsol finance focus
by Cleona Godinho on Sunday, 09 September 2007
Pakistan-based solutions provider Netsol Technologies reckons its latest LeaseSoft solution will enable the region's banks and financial institutions to reach international standards.
According to the firm, the Middle East finance market is still not as mature compared to its western counterparts but believes their LeaseSoft solution will help to bridge the gap.
Mohammed Khalid Iqbal, vice president of the firm says, "The finance market in this region are still a little immature compared to Europe and the USA. The sort of financing functionality that LeaseSoft provides is new to this market and is essentially a fairly new field in the world of finance."
LeaseSoft is Netsol's high-end suite of asset and non-asset based finance and leasing software that is designed to streamline all the processes involved in leasing and financing, starting from where quotations originate from to the end of contract.
The suite compromises of a credit application processing system, a contract management system, a wholesale finance system as well as a fleet management system.
Iqbal reveals that his firm is currently in talks with a number of financial institutions in the region, including Abu Dhabi Commercial Bank and various financial institutions in Saudi Arabia.
Apart from its LeaseSoft suite, the firm also offers e-government services and has worked with the State Bank of Pakistan (SBP) to provide automation of the Credit Information Bureau (CIB), which is a repository of credit information for borrowers.
Iqbal reveals that his firm is very interested in working with the Dubai eGovernment to create a CIB for the UAE and plans to talk to them during the show.
Netsol, which is listed on the NASDAQ stock exchange, also provides quality engineering services to help Pakistani firms achieve CMMi standards. According to the Software Engineering Institute rating for quality engineering, NetSol is at CMMi Level 5.
The firm, which is at the show for the first time, currently has offices in USA, UK, Canada, China and Thailand and hopes to open up an office in the Middle East.
David please, any comment on ntwk? 8)
NTWK Reports Record Net Income of $7c/share on Record Revenues of $8.6M for 4Q 2007 capping torrid over 50%/Year Growth.
Company expects continued growth at similar rates ensuring sustained revenue growth and profitability going forward.
EARNINGS SUMMARY:
- 4Q 2007 Revenues: $8.6M vs. $4.6M in 4Q 2006....an 84% Increase
-- License fees increased 137% year-over-year to $2.9 million
-- Maintenance fees increased 97% year-over-year to $1.5 million
-- Services increased 57% year-over-year to $4.2 million
- 4Q 2007 Net Income: $1.3M or 7c/share compared to a loss of of $1.7M or 11c/share in 4Q 2006
- 4Q 2007 Gross Margin: 62% compared to 34% in 4Q 2006
- FY 2007 Revenue: $29.3M compared to $18.7M for FY 2006, a 60% increase.
- 2006 Revenues: $18.7M
- 2005 Revenues: $12.4M
- 2004 Revenues: $5.7M
HERE IS TODAY's EARNINGS LINK:
Najeeb Ghauri, chairman and CEO stated, "Our fiscal fourth quarter 2007 financial performance was exceptional, highlighted by record quarterly revenue and GAAP net income. This represents a remarkable turnaround from a GAAP net loss in the year ago fourth quarter compared to a $1.3 million GAAP profit in the current fiscal fourth quarter, within a 12 month period. Our record top line revenue growth was fuelled by strong demand for our LeaseSoft and LeasePak solutions which experienced a 137% jump in license revenue year-over-year.
"Our services business also posted strong double digit year-over-year growth as NetSol's IT consulting services group extended its reach into new verticals. We successfully combined the strong demand for our enterprise software and IT consulting services with a clear focus on managing internal operating efficiencies and were able to achieve our goal of returning NetSol to GAAP profitability on a quarterly basis," concluded Mr. Ghauri.
NetSol Technologies recently announced its new offering for IT outsourcing and customized development services to the North American equipment and finance market, as well as the recent deployment of LeasePak 6.0. The Company continues to invest in an array of new products for the financial services vertical as well as other complementary businesses and aims to introduce additional new incremental growth engines to its business in the foreseeable future. These areas align directly with the Company's strategic vision of being a leading provider of innovative software applications and high-value IT consulting services.
NTWK HIGHLIGHTS:
- Gross margins of 60 % and going up.
- Over 50%/year revenue growth for the last 4 years.
- In July 2007 NTWK was voted 7th Fastest Growing Software Company
- NTWK is a leading is the candidate in a $300M Pakistan IT project
- Huge growth in China, India, Pakistan, and Europe.
- Poised to become a big player in Abu Dhabi and Saudi Arabia per September 9, 2009 news.
- Insiders have been buying heavily in recent months.
- Strong balance sheet
- Poised to become consistently profitable.
- Partial Customer list:
DaimlerChrysler, Mercedez Benz, Toyota Motor, Toyota Leasing, Yamaha Motor, UMF Singapore, Australian Motor Finance, Bank of Ireland, Bank of Scotland, BNP Paribas, Capital One, Deutsche Leasing Ltd, East of England Co-op Society Ltd, General Capital Plc, Investec Bank UK, ,Irish Intercontinental Bank, Banc One, Bank of Hawaii,Baxter Medical Equipment, Chase, Cisco, City National Bank, Ford Motor Credit, Hyundai Motor Finance, LaSalle National Bank....Governments of China, India, and Pakistan.
THE $300M PAKISTAN IT PROJECT.....NTWK A LEADING CANDIDATE
NTWK is one of four companies being evaluated by the Government of Punjab, pakistan and the World Bank to evaluate capabilities of finalists for selection of Two (2)vendors to manage a $300M IT Project for the pakistany state of Punjab. NTWK is considered an insider because it has a huge complex in Lahore, Punjab and it has already won many contracts in the region. The 4 finalists were selected out of 9 companies that qualified for the initial screening.
Winning this contract would make NTWK a $5+ stock overnight. The 2 winners will be announced shortly.
http://biz.yahoo.com/iw/070117/0204024.html
About NTWK:
Netsol technologies (Nasdaq: NTWK) is a US-based holding company with operating subsidiaries in the US, UK, and Asia, most of which provide enterprise software and related IT services. The company leverages its low-cost development offices in Pakistan to provide rock-bottom prices (and higher margins) then found in most IT companies. NTWK has 7 major offices in 7 countries worldwide.
Pump and dump scam.
Don't buy unless you have your finger ready on the sell trigger.
Yes. Don't buy if you don't do your DD, but if you are a moron like bcj you will never make money in this market.
Good luck to all.
alex
I've watched you pump various bs stocks using the same bogus technique for well over 2 years on this message board under several different user names. Sorry I want to alert any naive investors / traders to ignore your bogus stocks.
Bj (hmmmmm ...i wonder why).. ::)
Bogus stock?....BS...you don't know a thing about this stock. Actually, I don't give a you know what about your silly opinion.
Cheers.
NTWK Reports Record Net Income of $7c/share on Record Revenues of $8.6M for 4Q 2007 capping torrid over 50%/Year Growth.
Company expects continued growth at similar rates ensuring sustained revenue growth and profitability going forward.
As of today, NTWK market cap was only $34M. Insiders own over 40% and have been buying heavily lately.
EARNINGS SUMMARY:
- 4Q 2007 Revenues: $8.6M vs. $4.6M in 4Q 2006....an 84% Increase
-- License fees increased 137% year-over-year to $2.9 million
-- Maintenance fees increased 97% year-over-year to $1.5 million
-- Services increased 57% year-over-year to $4.2 million
- 4Q 2007 Net Income: $1.3M or 7c/share compared to a loss of of $1.7M or 11c/share in 4Q 2006
- 4Q 2007 Gross Margin: 62% compared to 34% in 4Q 2006
- FY 2007 Revenue: $29.3M compared to $18.7M for FY 2006, a 60% increase.
- 2006 Revenues: $18.7M
- 2005 Revenues: $12.4M
- 2004 Revenues: $5.7M
HERE IS TODAY's EARNINGS LINK:
Najeeb Ghauri, chairman and CEO stated, "Our fiscal fourth quarter 2007 financial performance was exceptional, highlighted by record quarterly revenue and GAAP net income. This represents a remarkable turnaround from a GAAP net loss in the year ago fourth quarter compared to a $1.3 million GAAP profit in the current fiscal fourth quarter, within a 12 month period. Our record top line revenue growth was fuelled by strong demand for our LeaseSoft and LeasePak solutions which experienced a 137% jump in license revenue year-over-year.
"Our services business also posted strong double digit year-over-year growth as NetSol's IT consulting services group extended its reach into new verticals. We successfully combined the strong demand for our enterprise software and IT consulting services with a clear focus on managing internal operating efficiencies and were able to achieve our goal of returning NetSol to GAAP profitability on a quarterly basis," concluded Mr. Ghauri.
NetSol Technologies recently announced its new offering for IT outsourcing and customized development services to the North American equipment and finance market, as well as the recent deployment of LeasePak 6.0. The Company continues to invest in an array of new products for the financial services vertical as well as other complementary businesses and aims to introduce additional new incremental growth engines to its business in the foreseeable future. These areas align directly with the Company's strategic vision of being a leading provider of innovative software applications and high-value IT consulting services.
NTWK HIGHLIGHTS:
- Gross margins of 60 % and going up.
- Over 50%/year revenue growth for the last 4 years.
- In July 2007 NTWK was voted 7th Fastest Growing Software Company
- NTWK is a leading is the candidate in a $300M Pakistan IT project
- Huge growth in China, India, Pakistan, and Europe.
- Poised to become a big player in Abu Dhabi and Saudi Arabia per September 9, 2009 news.
- Insiders have been buying heavily in recent months.
- Strong balance sheet
- Poised to become consistently profitable.
- Partial Customer list:
DaimlerChrysler, Mercedez Benz, Toyota Motor, Toyota Leasing, Yamaha Motor, UMF Singapore, Australian Motor Finance, Bank of Ireland, Bank of Scotland, BNP Paribas, Capital One, Deutsche Leasing Ltd, East of England Co-op Society Ltd, General Capital Plc, Investec Bank UK, ,Irish Intercontinental Bank, Banc One, Bank of Hawaii,Baxter Medical Equipment, Chase, Cisco, City National Bank, Ford Motor Credit, Hyundai Motor Finance, LaSalle National Bank....Governments of China, India, and Pakistan.
THE $300M PAKISTAN IT PROJECT.....NTWK A LEADING CANDIDATE
NTWK is one of four companies being evaluated by the Government of Punjab, pakistan and the World Bank to evaluate capabilities of finalists for selection of Two (2)vendors to manage a $300M IT Project for the pakistany state of Punjab. NTWK is considered an insider because it has a huge complex in Lahore, Punjab and it has already won many contracts in the region. The 4 finalists were selected out of 9 companies that qualified for the initial screening.
Winning this contract would make NTWK a $5+ stock overnight. The 2 winners will be announced shortly.
http://biz.yahoo.com/iw/070117/0204024.html
About NTWK:
Netsol technologies (Nasdaq: NTWK) is a US-based holding company with operating subsidiaries in the US, UK, and Asia, most of which provide enterprise software and related IT services. The company leverages its low-cost development offices in Pakistan to provide rock-bottom prices (and higher margins) then found in most IT companies. NTWK has 7 major offices in 7 countries worldwide.
Quote from: alexxxtreme on September 19, 2007, 07:03:36 AM
NTWK Reports Record Net Income of $7c/share on Record Revenues of $8.6M for 4Q 2007 capping torrid over 50%/Year Growth.
Company expects continued growth at similar rates ensuring sustained revenue growth and profitability going forward.
As of today, NTWK market cap was only $34M. Insiders own over 40% and have been buying heavily lately.
EARNINGS SUMMARY:
- 4Q 2007 Revenues: $8.6M vs. $4.6M in 4Q 2006....an 84% Increase
-- License fees increased 137% year-over-year to $2.9 million
-- Maintenance fees increased 97% year-over-year to $1.5 million
-- Services increased 57% year-over-year to $4.2 million
- 4Q 2007 Net Income: $1.3M or 7c/share compared to a loss of of $1.7M or 11c/share in 4Q 2006
- 4Q 2007 Gross Margin: 62% compared to 34% in 4Q 2006
- FY 2007 Revenue: $29.3M compared to $18.7M for FY 2006, a 60% increase.
- 2006 Revenues: $18.7M
- 2005 Revenues: $12.4M
- 2004 Revenues: $5.7M
HERE IS TODAY's EARNINGS LINK:
Najeeb Ghauri, chairman and CEO stated, "Our fiscal fourth quarter 2007 financial performance was exceptional, highlighted by record quarterly revenue and GAAP net income. This represents a remarkable turnaround from a GAAP net loss in the year ago fourth quarter compared to a $1.3 million GAAP profit in the current fiscal fourth quarter, within a 12 month period. Our record top line revenue growth was fuelled by strong demand for our LeaseSoft and LeasePak solutions which experienced a 137% jump in license revenue year-over-year.
"Our services business also posted strong double digit year-over-year growth as NetSol's IT consulting services group extended its reach into new verticals. We successfully combined the strong demand for our enterprise software and IT consulting services with a clear focus on managing internal operating efficiencies and were able to achieve our goal of returning NetSol to GAAP profitability on a quarterly basis," concluded Mr. Ghauri.
NetSol Technologies recently announced its new offering for IT outsourcing and customized development services to the North American equipment and finance market, as well as the recent deployment of LeasePak 6.0. The Company continues to invest in an array of new products for the financial services vertical as well as other complementary businesses and aims to introduce additional new incremental growth engines to its business in the foreseeable future. These areas align directly with the Company's strategic vision of being a leading provider of innovative software applications and high-value IT consulting services.
NTWK HIGHLIGHTS:
- Gross margins of 60 % and going up.
- Over 50%/year revenue growth for the last 4 years.
- In July 2007 NTWK was voted 7th Fastest Growing Software Company
- NTWK is a leading is the candidate in a $300M Pakistan IT project
- Huge growth in China, India, Pakistan, and Europe.
- Poised to become a big player in Abu Dhabi and Saudi Arabia per September 9, 2009 news.
- Insiders have been buying heavily in recent months.
- Strong balance sheet
- Poised to become consistently profitable.
- Partial Customer list:
DaimlerChrysler, Mercedez Benz, Toyota Motor, Toyota Leasing, Yamaha Motor, UMF Singapore, Australian Motor Finance, Bank of Ireland, Bank of Scotland, BNP Paribas, Capital One, Deutsche Leasing Ltd, East of England Co-op Society Ltd, General Capital Plc, Investec Bank UK, ,Irish Intercontinental Bank, Banc One, Bank of Hawaii,Baxter Medical Equipment, Chase, Cisco, City National Bank, Ford Motor Credit, Hyundai Motor Finance, LaSalle National Bank....Governments of China, India, and Pakistan.
THE $300M PAKISTAN IT PROJECT.....NTWK A LEADING CANDIDATE
NTWK is one of four companies being evaluated by the Government of Punjab, pakistan and the World Bank to evaluate capabilities of finalists for selection of Two (2)vendors to manage a $300M IT Project for the pakistany state of Punjab. NTWK is considered an insider because it has a huge complex in Lahore, Punjab and it has already won many contracts in the region. The 4 finalists were selected out of 9 companies that qualified for the initial screening.
Winning this contract would make NTWK a $5+ stock overnight. The 2 winners will be announced shortly.
http://biz.yahoo.com/iw/070117/0204024.html
About NTWK:
Netsol technologies (Nasdaq: NTWK) is a US-based holding company with operating subsidiaries in the US, UK, and Asia, most of which provide enterprise software and related IT services. The company leverages its low-cost development offices in Pakistan to provide rock-bottom prices (and higher margins) then found in most IT companies. NTWK has 7 major offices in 7 countries worldwide.
Applaud.... ;D
Up. 45% pre-market
alexxxtreme,
This stock pick already had a thread up and running.
Post your comments to this thread, "do not start new threads"
Also drop all the caps you use in the title of a thread that you start, it is as though you are trying to speak to loud...That style of posting is famous on the yahoo boards, and this is not that site.
The thread you created this morning has been merged here.
Use the search...if a thread already exist on a stock pick post your comments to that thread.
Also it is possible you have 2 other user names on this site "longbeacher, oscar2519" which is a no no!
Thank you...
Blow out earnings record volume in a interesting spot offering software services to financial firms and has international exposure. 8)
Excellent pick Alex. You stood strong despite your critics. I still have 50% of my holdings waiting for higher prices.
I bought your pick BLUE today at 69c.
There was a bit of a sell-off after earnings. However, NTWK is still 30 higher than pre-earnings. I expect a bounce next week and the formation of a new base in the $2.2 - $2.3 range until the 1Q pre-earnings rally gets started. Fortunately we don't have to wait too long for 1Q earnings (6 weeks or so). This time if the company post similar or better numbers than 4Q 2007 the explode will leave the under $3 range forever. Pretty soon, NTWK will become a darling of the investment community a la CKSW.
Quote from: setravis on September 19, 2007, 08:19:47 AM
alexxxtreme,
This stock pick already had a thread up and running.
Post your comments to this thread, "do not start new threads"
Also drop all the caps you use in the title of a thread that you start, it is as though you are trying to speak to loud...That style of posting is famous on the yahoo boards, and this is not that site.
The thread you created this morning has been merged here.
Use the search...if a thread already exist on a stock pick post your comments to that thread.
Also it is possible you have 2 other user names on this site "longbeacher, oscar2519" which is a no no!
Thank you...
Your post on the END thread has been noted.
I advise you take caution, and open your ears to what I'm asking of you.
Plain and simple...We will be taking your actions on this site up with Ramsburg !
Nice... ;D
Last Quarter numbers good....this one should be a stairstepper up.
52wk Range: 1.27 - 3.85
Volume: 1,972,270
Avg Vol (3m): 682,265
Technicals
MACD - Bullish
Percentage Gainer
Last Price Quote is:
25.33%above 13-day MA
65.76%above 50-day MA
RS Rating: 99
Fundamentals
Key Data:
Market Cap (M): $66.69
P/E Ratio: 48.32
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Buy
Press Release Source: NetSol Technologies
NetSol Technologies to Announce First Quarter Fiscal Year 2008 Financial Results on November 8
Thursday October 18, 8:30 am ET
Teleconference and Webcast Scheduled for 11:00 a.m. Eastern Time
CALABASAS, CA--(MARKET WIRE)--Oct 18, 2007 -- NetSol Technologies Inc. ("NetSol") (NasdaqCM:NTWK - News), a multinational provider of IT services and enterprise software to the financial services industry, plans to announce its first quarter fiscal year 2008 financial results the morning of Thursday, November 8, 2007.
Following the distribution of the press release, NetSol will host a conference call at 11:00 a.m. ET (8:00 a.m. PT) to review the results. Najeeb Ghauri, chairman and chief executive officer, and Tina Gilger, chief financial officer, will host the call, which will be webcast live. The webcast and a supporting slide presentation will be made available online at http://www.netsoltek.com/investors/investor_relations.htm. Telephone access to the conference call is available in North America by dialing +1 (877) 407-8033 or internationally by dialing +1 (201) 689-8033.
An audio replay of the conference call will be available approximately one hour following the conclusion of the call and will be available for 30 days. To access the replay in North America dial +1 (877) 660-6853 or when calling internationally dial +1 (201) 612-7415, using replay account code # 286 and conference ID # 258104. An archived replay of the conference webcast will also be available on the NetSol Technologies web site at http://www.netsoltek.com/investors/investor_relations.htm.
About NetSol Technologies Inc.
NetSol Technologies (NasdaqCM:NTWK - News) is a multinational provider of IT services and enterprise solutions to the financial services industry. By utilizing its worldwide IT design, development, quality assurance (QA), and project management resources, NetSol delivers high-quality, cost-effective portfolio management solutions for equipment and vehicle finance, as well as IT services ranging from consulting and application development to systems integration and development outsourcing. NetSol's commitment to quality is demonstrated by its achievement of both the ISO 9001 and SEI (Software Engineering Institute) CMMi (Capability Maturity Model) Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol Technologies' clients include Fortune 50 manufacturers, global automakers, financial institutions, technology providers, and governmental agencies. Headquartered in Calabasas, California, NetSol Technologies has operations and/or offices in London, San Francisco, Adelaide, Beijing, Bangkok and Lahore, Pakistan.
To learn more about NetSol Technologies Inc., visit www.netsoltek.com.
Forward-Looking Statements
This press release may contain forward-looking statements relating to the development of the Company's products and services and future operation results, including statements regarding the Company that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "anticipate," "intend," variations of such words, and similar expressions, identify forward-looking statements, but their absence does not mean that the statement is not forward looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of products and services and the timing of the market acceptance.
Contact:
Contacts:
NetSol Technologies Inc.
Tina Gilger
Chief Financial Officer
Tel: +1 818-222-9195, x112
Investor Relations
Christopher Chu
The Global Consulting Group
Tel: +1-646-284-9426
Email:
[email protected]--------------------------------------------------------------------------------
Source: NetSol Technologies
On my watchlist! Might get in around $3.00
Latest PR:
Tuesday December 4, 8:30 am ET
NetSol Technologies' LeaseSoft Product Wins Best Financial Industry Application for 2007 by APICTA (http://biz.yahoo.com/iw/071204/0335383.html)
Friday November 30, 8:30 am ET
NetSol Technologies Announces Marketing Partnership in Greece (http://biz.yahoo.com/iw/071130/0334365.html)
Update: I did get in yesterday at $3.00... Up at $3.40 right now ;D :D
I just wished volume picked up a bit.
I'm thinking about making a speculative purchase on NTWK. Even with all the recent turmoil in Pakistan and it's markets, and tax loss selling, the stock has held up above it's 200MA ($2.25) thus far.
Has it bottomed? Made a speculative buy on it today at $1.89.
I don't know if it has bottomed Sully, but I wish it would already!
I'm still in at $3. ::)
I would say it bottomed Livana. Good luck to us.
Did you see that pick up this morning Sully?
Nothing's out, so I can't figure out what is happening, but I'm happy with it. We should have good volume today, hopefully we keep that trend.
Quote from: Livana on January 14, 2008, 10:30:34 AM
Did you see that pick up this morning Sully?
Nothing's out, so I can't figure out what is happening, but I'm happy with it. We should have good volume today, hopefully we keep that trend.
Looking good Livana.
NetSol Technologies Wins Basel II Consultancy Contract With Leading Bank in Pakistan
Friday February 29, 8:30 am ET
The Contract Covers Advisory Services Concerning Conformity to the Basel II Capital Accord Regulatory Framework Developed by the Bank for International Settlements (BIS)
CALABASAS, CA--(MARKET WIRE)--Feb 29, 2008 -- NetSol Technologies Inc. ("NetSol") (NasdaqCM:NTWK - News), a multinational provider of IT services and enterprise software to the financial services industry, has signed a contract with a leading bank in Pakistan to assess its readiness and to help it conform to the framework of the Basel II capital accord.
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Under terms of the contract, NetSol will help assess the readiness of the bank in adopting the Internal Ratings Based (IRB) approach of the Basel accord for credit risk. It may be noted that State Bank of Pakistan has been very proactive in encouraging the banking industry of Pakistan to fully adopt the Basel II accord.
Mr. Najeeb Ghauri, chairman and CEO NetSol Technologies, commented, "We are very pleased to announce this new contract win in a growing vertical market for us. The Basel II accord is an important framework for international banks to adopt in an ever increasing global market place. NetSol is currently prepared to advance its consultancy services in the South East Asia and UAE markets after having been recognized for our advisory efforts with the Basel II accord in Asia Pacific and EMEA." Mr. Ghauri concluded, "We already have a very strong base of blue chip banking clients in North America and we are working tirelessly to duplicate our efforts in other regions. Pakistan is a growing niche market for Basel II advisory services and we foresee great opportunities there."
The Basel II capital accord is a regulatory framework developed by Bank for International Settlements (BIS) to regulate banks in controlling and managing the processes relating to credit, market and operational risks. The Basel II Framework describes a more comprehensive measure and minimum standard for capital adequacy that national supervisory authorities are now working to implement through domestic rule-making and adoption procedures. It seeks to improve on the existing rules by aligning regulatory capital requirements more closely to the underlying risks that banks face. In addition, the Basel II Framework is intended to promote a more forward-looking approach to capital supervision, one that encourages banks to identify the risks they may face, today and in the future, and to develop or improve their ability to manage those risks. As a result, it is intended to be more flexible and better able to evolve with advances in markets and risk management practices.
Basil II compliance is a multi-billion-dollar market and as such, NetSol is providing Basel II advisory services to other banks in the regions of Asia Pacific (APAC), Europe, Middle East and Africa (EMEA) in addition to the United Arab Emirates (UAE).
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Tuesday May 13, 6:01 am ET
Revenues Increased 19% Year-Over-Year to $9.1 Million; Gross Margin Improved to 56%; Net Income Increased to $2.3 Million or $0.09 per Diluted Share; EBITDA Increased to $3.2 Million
2009 TARGET: $4+..
- $16M Market Cap
- $45M Revenues
- 30c/share net income expected for 2009
- 40c/share cash
- $1.8/share stockholder's equity
- Insiders have been consistent buyers since NTWK dipped below $2
http://www.insidercow.com/history/company.jsp?company=ntwk&B1=Search!
NTWK is a key player in a $300M IT project in Pakistan. The company has already won several pilot projects. The current guidance does not reflect potential revenues and net income for winning major portions of this major project.
From the latest NTWK filing:
.."Company has experienced solid and consistent demand for IT services in the domestic sectors of Pakistan.
NetSol in Pakistan has been pre-qualified to participate in several public sector projects. The most significant is the World Bank funded Land Record Management Information Systems or LRMIS.
This project has a World Bank grant of $300 million in Pakistan and NetSol was given two pilot projects in the province of Punjab in 2007, and a recent one in Islamabad. NetSol anticipates winning key projects in this area in next few quarters..."
FINALLY, there is no danger of delisting here because NTWK was trading above $3 recently. In a recent PR NTWK's CEO stated:
..."In LIGHT of the current extraordinary global financial market conditions, NASDAQ recently announced it has suspended its minimum $1 closing bid price and minimum market value of publicly held shares requirements through April 20, 2009. The temporary suspension allows NASDAQ companies whose share price may have closed trading below $1 to focus on running their businesses through these extraordinary market conditions"..
All "the reasons" for the relentless MM manipulation of the lest two/three months are gone:
- New CFO and improved transparency
- Improved Pakistan-India relations in 2009 per new initiatives
- Pakistan stock market bailout package
- Tax selling in now over...etc.
- Company keeps executing its business plan relentlessly.....New major contract with a large UAE commercial bank announced this week.
- I expect to hear for the $300M land IT project soon
NTWK $0.78 Up 11% today...Up 5% AH....Poised for a breakout. Next resistance $1.36.
http://stockcharts.com/charts/gallery.html?ntwk
NTWK's NAEEM GHAURI: "OUR PIPELINE IS STRONGER THAN EVER" NOVEMBER 20, 2008 DUBAI CONFERENCE
Listen to Naeem Ghauri, NTWK's CEO Europe tell the audience at the NASDAQ OMX Middle East Investor Conference held in Dubai on November 20, 2008 that despite the worldwide recession the company's backlog is stronger than ever. He claims that large companies are investing in the future because expect an economic recovery in 2nd half of 2009.
http://investor.shareholder.com/nasdaq/Dubai_Nov2008/
http://finance.yahoo.com/news/NetSol-Technologies-to-iw-13604679.html
It's no wonder that the company announced a "large" multi-million dollar contract with a large Commercial Dubai Bank a month after the conference:
http://finance.yahoo.com/news/NetSol-Technologies-Awarded-iw-13925490.html
Nice move today. Up 31% in the regular session and 3% AH to close at $1.05 AH. Still a PE of 5 and 60% lower than the shareholder's equity. Lots of room to move up. Next resistance will be $1.4
http://stockcharts.com/charts/gallery.html?ntwk
NTWK $ 1.02 UP 50% IN LAST 4 DAYS....4PE/HUGE CONTRACTS/SAP NEWS/INSIDER BUYING/STRONG BALANCE SHEET
2009 TARGET: $4+..
NTWK HIGHLIGHTS:
- $27M Market Cap
- $45M Revenues
- 30c/share net income expected for 2009 (does not include $300M and other new projects)
- 40c/share cash
- $1.8/share stockholder's equity
- On 11/20/2008 NTWK's Europe CEO Naeem Ghauri told attendees at the Middle East Investor Conference in Dubai that the backlog is "stronger than ever." His presentation started at about 10 AM. Here is the link:
http://investor.shareholder.com/nasdaq/Dubai_Nov2008/
- On December 29, 2008 NTWK announced a major long-term contract with a major Dubai commercial bank:
http://biz.yahoo.com/iw/081229/0462875.html
- NTWK's announced that its wholly-owned subsidiary Ciena Solutions was approved as an SAP Services partner:
http://biz.yahoo.com/iw/090106/0463882.html
- Insiders have been consistent buyers since NTWK dipped below $2
http://www.insidercow.com/history/company.jsp?company=ntwk&B1=Search!
NTWK is a key player in a $300M IT project in Pakistan. The company has already won several pilot projects. The current guidance does not reflect potential revenues and net income for winning major portions of this major project.
From the latest NTWK filing:
.."Company has experienced solid and consistent demand for IT services in the domestic sectors of Pakistan.
NetSol in Pakistan has been pre-qualified to participate in several public sector projects. The most significant is the World Bank funded Land Record Management Information Systems or LRMIS.
This project has a World Bank grant of $300 million in Pakistan and NetSol was given two pilot projects in the province of Punjab in 2007, and a recent one in Islamabad. NetSol anticipates winning key projects in this area in next few quarters..."
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (NasdaqCM:NTWK - News) (DIFX: NTWK) is a worldwide provider of global business services and enterprise application solutions. Since its inception in 1995, NetSol has used its BestShoring(TM) practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized for each industry, these product and services offerings include portfolio management systems for the financial services industry, consulting, custom development, systems integration, and technical services for the global Healthcare, Insurance, Real Estate, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol offers SAP and Business Objects consulting and implementation services through its Ciena Solutions subsidiary. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, technology providers, and governmental agencies. Headquartered in Emeryville, California, NetSol Technologies has operations and offices in London, Los Angeles, Sydney, Beijing, Bangkok, and Lahore.
To learn more about NetSol Technologies, Inc. visit www.netsoltech.com
2009 TARGET: $4+.....
BUSINESS IS BOOMING....COMPANY EXPECTS 7 - 9 C/SHARE NET INCOME PER QUARTER FOR THE NEXT THREE QUARTERS.
CEO SAID TODAY THAT NTWK WILL GROW FROM $40M to $100M SHORTLY AND EVENTUALLY TO OVER A BILLION IN REVENUES!!
http://www.pakistanlink.com/Community/2007/Dec07/28/05.HTM
*** NTWK HIGHLIGHTS:
- $27M Market Cap
- $45M Revenues
- 30c/share net income expected for 2009 (does not include $300M and other new projects)
- 40c/share cash
- $1.8/share stockholder's equity
- On 11/20/2008 NTWK's Europe CEO told attendees at the Middle East Investor Conference in Dubai that the backlog is "stronger than ever."
- On DECEMBER 29, 2008 NTWK announced a major long-term multi-million dollar contract with a major Dubai commercial bank
- On JANUARY 6,l 2009 NTWK's announced that its wholly-owned subsidiary Ciena Solutions was approved as an SAP Services partner. This new diviion is highly profitable and the next growth engine for NTWK
- Insiders have been consistent buyers since NTWK dipped below $2
NTWK is a key player in a $300M IT project in Pakistan. The company has already won several pilot projects. The current guidance does not reflect potential revenues and net income for winning major portions of this major project.
From the latest NTWK filing:
.."Company has experienced solid and consistent demand for IT services in the domestic sectors of Pakistan.
NetSol in Pakistan has been pre-qualified to participate in several public sector projects. The most significant is the World Bank funded Land Record Management Information Systems or LRMIS.
This project has a World Bank grant of $300 million in Pakistan and NetSol was given two pilot projects in the province of Punjab in 2007, and a recent one in Islamabad. NetSol anticipates winning key projects in this area in next few quarters..."
NTWK $0.8 Up 4% ahead of profitable/strong earnings 9/8...Strong balance sheet...share buyback for 5% of outstanding shares started on July 27, 2010.
Target: $2+ after earnings 9/8/2010
- The results for 4Q and FY fiscal year 2010 to be released on September 8, 2010 will blow away those of 2009.
- 2010 will be profitable vs. a loss of over $8 Million in fiscal 2009.
- Revenue increase from 2009 to 2010 will be in double-digit territory.
- Guidance for fiscal 2011 will be strong because of increased backlog due to successful penetration in China and stronger US revenues
- To verify the above comments take a look at the following financials are read the numerous announcements for large contracts won in recent month:
http://finance.yahoo.com/q/is?s=NTWK
- NTWK has a strong balance sheet with 40c/share cash and 10c/share debt
- On July 27, 2010, NTWK announced a 2 million share repurchase program to be implemented within 6 months.
The bottom line is that NTWK has been under the radar and oversold for too long. The stock should be trading at $3+, but after 4Q/2010 results are reported on September 8, 2010, there is no way to keep this one under $1.5
About NYWK:
NetSol Technologies, Inc. (Nasdaq:NTWK - News) (Nasdaq Dubai:NTWK) is a worldwide provider of global IT and enterprise application solutions. Since its inception in 1995, NetSol has used its BestShoring(TM) practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized by industry, these product and services offerings include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by 162 companies worldwide.
NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. Headquartered in Calabasas, California, NetSol Technologies has operations and offices in Alameda, Adelaide, Bangkok, Beijing, Karachi, Lahore, London, and Riyadh
Do your dd on this one amigos...:)
NTWK has reported record backlog due to strong China/Asia business and regaining US footing. The company will report its second consecutive profitable quarter (fiscal 4Q 2010) and profitable fiscal 2010 on September 8, 2010. This will be a significant improvement of corresponding fiscal 2009 results. Guidance will be strong and bullish. Do your DD because this one will be a big winner.
====>> Target: $2+ after earnings 9/8/2010
- The results for 4Q and FY fiscal year 2010 to be released on September 8, 2010 will blow away those of 2009.
- Fiscal 2010 will be profitable vs. a loss of over $8 Million in fiscal 2009.
- Revenue increase from 2009 to 2010 will be in double-digit territory.
- Higher margins because of fast new-product acceptance and contract wins
- Guidance for fiscal 2011 will be strong because of increased backlog due to successful penetration in China/emerging markets and stronger US revenues
- To verify the above comments take a look at the following financials, are read the numerous announcements for large contracts won in recent months:
http://finance.yahoo.com/q/is?s=NTWK
- NTWK has a strong balance sheet with 40c/share cash and 10c/share debt
- On July 27, 2010, NTWK announced a 2 million share repurchase program to be implemented within 6 months.
The bottom line is that NTWK has been under the radar and oversold for too long. The stock should be trading at $3+, but after 4Q/2010 results are reported on September 8, 2010, there is no way to keep this one under $1.5.
==>> About NTWK:
NetSol Technologies, Inc. (Nasdaq:NTWK - News) (Nasdaq Dubai:NTWK) is a worldwide provider of global IT and enterprise application solutions. Product and services offerings include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets.
NetSol's products have achieved ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by 162 companies worldwide.
NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies.
Headquartered in Calabasas, California, NetSol Technologies has operations and offices in Alameda, Adelaide, Bangkok, Beijing, Karachi, Lahore, London, and Riyadh.
I forgot to mention that insiders have purchased almost 2% of the O/S shares this year!!
http://finance.yahoo.com/q/it?s=NTWK+Insider+Transactions
NTWK will likely start going up next week. Here are two must-reads. The first link includes a recent interview, and the the one is a very-recent detailed research report:
http://redchip.com/visibility/investor.asp?symbol=NTWK&from=NY10conf
http://www.redchip.com/files/redchipReports/NTWK_InitialReport.pdf
UPDATED NTWK DD 8/29/2010:
====>> MY TARGET: $1.5 to $2.5 after profitable earnings 9/8/2010
NTWK will report its second consecutive profitable quarter (fiscal 4Q 2010) and profitable fiscal 2010 on September 8, 2010. This will be a significant improvement of corresponding fiscal 2009 results.
Guidance 1Q 2011 and fiscal 2011 will be strong and bullish due to the successful introduction of new products and increased revenues from legacy products. NTWK has recently reported strong backlog due to growing China/emerging markets business and stronger US/European sales.
Recent Highlights:
- Insiders have recently bought over 1 million shares in the open market.
- The company has announced a 2 million share buyback in July. The 2 million shares will be purchased within 6 months according to the announcement.
- The company has recently announced a string of large contract wins. The estimated net income for 2011 ranges from 14 – 20c/share on double-digit revenue growth
- NTWK is currently trading at a fraction of the valuation of companies in the sector
- The market cap is only $29 million compared o an enterprise value of $45 M
Financial highlights:
- The results for 4Q and FY fiscal year 2010 to be released on September 8, 2010 will blow away those of 2009
- Projected revenue of $33 million - $35 million for full year fiscal 201010, which would represent year-over-year growth of 25% - 32%.
- Revenues for 4Q 2010 will exceed $9M compared to $6.8M in 4Q 2009
- Net income for 4Q 2010 will be positive compared to a loss of almost $1M
- Fiscal 2010 will be profitable vs. a loss of over $8 Million in fiscal 2009.
- In 3QFY10 NTWK reported in May, 2010 revenues grew 77.8% to $8.9 million up from $5.0 million in the same period last year.
- 3QFY10 license sales grew more than 1,022% year-over-year to $3.6 million.
- Gross margins for 3QFY10 increased over 50 percentage points to 61.3% in 3QFY10 up from 10.7% in 3QFY09.
- Net income (loss) for 3QFY10 increased significantly to $589,047, or $0.02 EPS, in from a loss of $(5.0) million, or $(0.19) EPS, in the same period last year.
Investment Highlights:
- NTWK's client list includes diverse, multi-national, Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies.
- Clients include Mercedes-Benz, BMW, Volkswagen, Volvo, Yamaha, Nissan, Ford, Mini, Hyundai, Capital One, Chase, and Cisco Systems.
- The company is front runner in almost half a $billion in software contracts in Pakistan to automate land services as well as military and aviation applications.
- Netsol's Pakistan division is the countries largest software exporter. The Pakistan software industry is expected to rival India's huge worldwide software presence
- NTWK has never lost a client in its 15 year operating history, due to the unmatched quality of its products and services.
- NTWK has achieved the designation of ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by fewer than 100 companies worldwide.
- The company is involved in varying degrees with several initiatives that could ultimately surpass the scale of its business with credit-based businesses. These opportunities include defense, health care, land records management, property and casualty insurance, and SAP-compatible software.
The bottom line is that NTWK has been under the radar and oversold for too long. The stock should be trading at $3+, but after 4Q/2010 results are reported on September 8, 2010, there is no way to keep this one under $1.5.
==>> About NTWK:
NetSol Technologies, Inc. (Nasdaq:NTWK - News) (Nasdaq Dubai:NTWK) is a worldwide provider of global IT and enterprise application solutions. Product and services offerings include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets.
NetSol Technologies' clients include several dozen Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies.
Netsol Technologies is headquartered in Calabasas, California, NetSol Technologies has operations and offices in Alameda, Adelaide, Bangkok, Beijing, Karachi, Lahore, London, and Riyadh
bpwillrock
one username will do to post under !
NTWK - Momentum.......
http://www.chartmoney.com/stockquotes.php?ticker=ntwk
NetSol Technologies, Inc. provides business services and enterprise application solutions worldwide.
00==>> NTWK Pakistan announced today that Netsol has signed a Global agreement with Daimler- Mercedes Benz. This will create more contracts with worldwide Daimler subsidiaries...THIS HUGE!!!! This partnership opened up the China doors when the deal was regional.
http://www.netsoltech.com/news/
This news will hit the newswires next week. As usual the PK subsidiary posts these news in their website a few days before the company formally issues the PR in the US
00==>> An independent research note was issued today which shows the incredible progress that NTWK has made in recent months. The analyst recommendation is " strong Buy" with a $3 target:
http://www.redchip.com/files/redchipReports/NTWK_20100910_4QFY10ResearchNote.pdf
00==>> NTWK is gaining huge market share in China. It already owns over 90% of the auto-leasing market
00==>> NTWK reported record revenues and their return to profitability on September 8, 2010. Guidance is strong calling for 20c/share net income in 2010 on a 20% revenue growth. They expect to grow at an average 20% for the next five years even in the world economy remains stagnant.
00==>> NTWK will start a 2 million share buyback starting this month to be completed in 6 months. Insiders bought over 1 million shares in may 2010
00==>>Volume and price will continue to go up with a few dips here and there.... to close at the HOD.
XX==>> Watch SeekingAlpha, Investors Business Daily and others to jump on the band-wagon like they did in 2007 when NTWK went from $1+ to $4+ in just a few weeks. The BIG difference is that NTWK is much stronger now in all fronts and the gains will be sustainable.
XX==>> I expect a big gap up on Monday....and a steady run to $3+
Drop all the caps in the title of a post, and besides we only need the ticker symbol.
you can explain all the reason in the post. It would be well appreciated if you stop doing that.
Another thing this stock already had a thread up and running, post to the existing thread, no need to start a new one !
NTWK gained 13% on Friday to close at $1.17 on 10 times the average daily volume..... closing on several large trades. It added an unusually large number of share AH. A significant gap is expected tomorrow.
NTWK (NetSol) is an applications software company having about 700 engineers, programmers, and supporting staff in Lahore, Pakistan. With Headquarters in the US and offices/technical centers in Pakistan, Australia, UK, Singapore, China, Thailand.
NTWK released their FY 2010 results on September 8, 2008 and investors are just starting to realize the significant upside going forward:
- Rev $26m in 09, $37m in 10, guidance $40-44m in FY 11
- Two profitable quarters in a row
- Forecasting sustainable profitability going forward, 2011 guidance: .15-20c/share net income. 20%/year avreage growth through 2016
- Currnet Price: $1.04 (was .76 10 days ago)
Other highlights:
- CEO bought 1m shares in May
- Company announced stock buyback on 7/27 of 2m shares of 36m
- Very high level capability, ISO and CMMI Level 5 certified
- High market penetration in China. Owns 90% of auto-leasing sofware market
- In 15 years of existence, never lost a customer
- Cash from ops: $8m of $37m, in 4q $4.7m of $10m - WHAT!
- Gross margin: 69%, Operating margin: 40%
- NTWK's client list includes diverse, multi-national, Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies.
- Clients include Mercedes-Benz, BMW, GMAC, GE, UBS, Volkswagen, Volvo, Yamaha, Nissan, Ford, Mini, Hyundai, Capital One, JPM Chase, CitiGroup, Cisco Systems, and many others.
NTWK announced a Global Alliance with Daimler Mercedes Benz on 9/16/2010. The previous Asia Alliance between the two companies opened the gates of China big time. The new alliance will take NTWK to a higher level going forward.
Not accounted in any revenue and net income forecasts are the over a $ billion in potential project wins in Pakistan where NTWK is the most influential IT/software player. An example of such potential is the joint bid with Raytheon for a $320 million military automation project in Pakistan.
An analyst stated on Friday 9/17/2010:
"...Nobody will be shocked if NTWK ultimately nets tens if not hundreds of millions of dollars from contracts with the Pakistani government. Or, it could be the company's Saudi Arabian joint venture that ultimately dwarfs the revenues/profitability of NTWK's current operations."
NTWK traded at $3-4 prior to recession, in 2007 and 2008. As word of their success now spreads, look for a return to higher levels quickly.
This is one of those stocks you wished you knew about earlier. Well, now you do.
NOVEMBER 26 UPDATE:
NTWK $1.4 ..8 PE...EXPLODING IN CHINA and GLOBALLY....REAFFIRMED 20C/SHARE NET INCOME
6 MONTH TARGET: $5+ ...READ WHY.
- Company reaffirmed 15 - 20c/share fully-diluted net income on 20% revenue growth on 11/10/2010 Fiscal 1Q 2011 financial release /CC. Analyst has $4 target and believes that NTWK will report on high end of guidance range. Here is the earnings release:
http://finance.yahoo.com/news/NetSol-Technologies-Announces-pz-1418611018.html?x=0&.v=1 (http://finance.yahoo.com/news/NetSol-Technologies-Announces-pz-1418611018.html?x=0&.v=1)
- The Post earnings sell-off is complete as seen by lower volumes and steady price around $1.4. Sell-off was unwarranted but in this market it's not surprising. This was the third straight profitable quarter and a record 1Q being seasonally the weakest. A strong bounce from this point is expected.
=== >> NTWK IS GROWING EXPONENTIALLY IN CHINA....HERE ARE SOME FACTS
- NTWK currently owns 90% of the auto leasing and financing software industry in in China, up from being a minor player a year ago. New products and upgrade use "Cloud Computing"
- Major customers is China include Daimler Mercedes Benz, BMW, GMAC, GE Capital, Nissan, BYD, Yamaha, Sani Corp, and others.
- On September 23, 2010 NTWK announced that it has expanded its China/Singapore/Australia relationship with Daimler Mercedes Benz Financial (DMBF) to a Global alliance. Daimler has ordered 3 new licenses for India, Japan, and Korea with plans for six more countries and eventually move into the more than 50 countries where DMBF has presence. NTWK is working on a similar alliance with BMW and other compaies in the sector. Here is the PR:
http://finance.yahoo.com/news/NetSol-Agrees-to-Terms-for-pz-256759626.html?x=0&.v=1 (http://finance.yahoo.com/news/NetSol-Agrees-to-Terms-for-pz-256759626.html?x=0&.v=1)
- So far this year the company has announced over $20 million in software license wins. Every software license brings in significant and recurrent service/maintenance revenues.
- The company is now moving into the Chinese lending/banking/insurance, energy, health care, and government/military/defense software sectors in China.
- The Beijing office has grown from a handful to almost 100 people in just a year. Plans are under way to move into larger China Headquarters in early 2011 to serve the 13 large customers in the auto leasing/financing industry and to increase their presence in other sectors like banking/lending/insurance.
-NTWK has hired over 120 software engineers/programmers/supporting personnel in the last three months to support its global business.
=== >> NTWK OUTSIDE CHINA/ASIA/AUSTRALIA:
In other regions, NTWK has recently formed a joint venture with Atheeb Corp, a large Saudi conglomerate ran by the Royal family. NTWK owns 51% of the venture and aims to cover the entire Middle Eastern region. Contract wins in the region could be announced any day and are expected to be very large.
In North America and Europe, NTWK has received several orders for licenses and upgrades in 2010
In Pakistan, NTWK is the front runner in several mega projects (over $100 million each) to automate and digitize military and government functions. These projects have been delayed due to the country's 2010. One such project is the $320 army digitization project. The company submitted its bid with partner Raytheon early this year.
MORE ON NTWK:
NetSol Technologies, Inc. (Nasdaq:NTWK - News) (Nasdaq Dubai:NTWK) is a worldwide provider of global IT and enterprise application solutions. Since its inception in 1995, NetSol has used its BestShoring(TM) practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized by industry, these product and services offerings include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. Headquartered in Calabasas, California, NetSol Technologies has operations and offices in Alameda, Adelaide, Bangkok, Beijing, Karachi, Lahore, London, and Riyadh
DD Blog for those interested in digging a little more..
http://sharedduediligence.blogspot.com/p/ntwk.html (http://sharedduediligence.blogspot.com/p/ntwk.html)
HUGE NEWS TODAY 12/1/2010
NetSol Technologies Announces Official Launch Event for Atheeb NetSol Joint VentureEvent Will Showcase Atheeb NetSol's Product Offerings in Fast-Growing Saudi Arabian IT Market
Press Release Source: NetSol Technologies, Inc. On Wednesday December 1, 2010, 6:55 am EST
CALABASAS, Calif., Dec. 1, 2010 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. ("NetSol" or the "Company") (Nasdaq:NTWK - News) (Nasdaq Dubai:NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced that it will co-host an event with its Middle East partner, Atheeb Group Ltd., to officially launch their Atheeb NetSol Saudi Company Ltd. ("Atheeb NetSol") joint venture. The event will take place Tuesday, December 7, 2010 from 7:30 p.m. to 9:30 p.m. (Arabia Standard Time) at Nayyara Hall in Riyadh, Kingdom of Saudi Arabia.
The invitation-only event will showcase Atheeb NetSol's product offerings to an audience that will include C-level executives from Saudi Arabia's financial, telecom and defense industries. His Royal Highness Prince Abdulaziz Bin Ahmad Abdulaziz, Chairman and CEO of Atheeb Group Ltd., will co-host with Najeeb Ghauri, Chairman and CEO of NetSol. Over 150 people are expected to attend, including local and international media as well as key government officials from Pakistan and the United States.
Formalized in June 2010 by NetSol and Atheeb Group Ltd., Atheeb NetSol is focused on market development opportunities within Saudi Arabia's software engineering arena in key business sectors such as telecommunications, defense, public sectors and finance. Market research firm Business Monitor International forecasts that Saudi Arabia's software market will increase at a compound annual growth rate of 7% from $3.3 billion in 2010 to $4.6 billion by 2014, driven by population growth and increased government spending on infrastructure projects. In November 2006, the Saudi Arabian government designated approximately $800 million for a five-year e-government development project. Additionally, in June 2008, Saudi Arabia's governing Shoura Council approved a strategic initiative aimed at raising the contribution of the software industry to 20% of GDP by 2020.
"We are excited to have this opportunity to introduce our IT software solutions to potential customers in Saudi Arabia, which accounts for about 40 percent of IT spending in the Middle East region," stated NetSol's Chairman and CEO, Najeeb Ghauri. "Saudi Arabia's rapid socioeconomic development is driving a fundamental shift in the IT needs of its private and public sector organizations, and our world-class software and services platform offers a strong value proposition to prospective clients in this and other emerging economies of the Gulf region. We are confident that our Atheeb NetSol joint venture will capture a significant share of major projects in the Middle Eastern software market."
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (Nasdaq:NTWK - News) (Nasdaq Dubai:NTWK) is a worldwide provider of global IT and enterprise application solutions. Since its inception in 1995, NetSol has used its BestShoring(TM) practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized by industry, these product and services offerings include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by 162 companies worldwide. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. Headquartered in Calabasas, California, NetSol Technologies has operations and offices in Alameda, Adelaide, Bangkok, Beijing, Karachi, Lahore, London, and Riyadh.
To learn more about NetSol, visit www.netsoltech.com.
The NetSol Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7396
About Atheeb Group
Atheeb Group is a major diversified group established since 1985, based in Saudi Arabia and operating across the Middle East and in the wider region, Atheeb Group succeeded in the market, and it is in the stage of expanding its business in the region. Its business activities focus on Shipping Stevedoring, Medical Services, Information Technology, Telecommunications, Operations and Maintenance, Real Estate Investment, Contracting, Construction, Investment Banking and providing hardware and services to the Military. Atheeb's Group workforce is about 10,000 people led by a professional and well-qualified management team. They are guided by a clear mission and vision for growth, and a set of core values that include quality, professionalism, highest level of ethics and social responsibility.
To learn more about Atheeb Group, visit http://www.atheeb.com.
Thanks for all the follows ups on the stock ! ;)
Buy...
This company is on the right course.
This upcoming week should be big.
It is rated 97 79 99 A+ on IBD and listed on the paper's top 200 stocks.
This is a $1.90 stock or more and is in the paper twice.
RedChip Announces December 2010 Virtual Equities Conference
Conference Lineup Includes 13 China Small-cap Companies
Press Release Source: RedChip Companies Inc. On Thursday December 2, 2010, 11:17 am EST
ORLANDO, Fla., Dec. 2, 2010 (GLOBE NEWSWIRE) -- RedChip Companies, Inc. today announced that executives from over 20 emerging small-cap companies, including 13 China growth companies, will offer inside views on their industries and business strategies during a virtual conference on December 8 and 9, 2010, from 7:50 a.m. to 2:00 p.m. EST. The conference, the fifth in the 2010 RedChip Small-Cap Equities Virtual Conference Series, "Undiscovered Growth & Value Opportunities," offers a conduit for investors to discover companies who are in the shadows of Wall Street.
Allan Watson, Executive Director and founding member of NYC Trading Floor, will deliver the keynote address on both days of the virtual conference. Prior to starting NYC Trading Floor, whose goal is to provide active investors with comprehensive, real-time market data and professional trading services, Mr. Watson was the Head of Derivative Operations for Europe, the Middle East, and Africa at the Chicago-based Northern Trust bank. Mr. Watson is currently responsible for NYC Trading Floor's daily global markets insight and trading strategy newsletter and is now a regular contributor to RedChip Small-Cap Radio.
To register to view the webcast presentations at their scheduled times or to access the archived events, please visit http://www.RedChip.com. Start times are subject to change; please visit RedChip.com on the day of the event for a final show schedule.
The 25-minute executive presentations will be webcast live at http://www.RedChip.com and will be archived for a minimum of 30 days. A few of the presenting companies include:
-- NetSol Technologies, Inc. (Nasdaq:NTWK - News)
-- Seanergy Maritime Holdings Corp. (Nasdaq:SHIP - News)
-- China Chemical Corp. (OTCQB:CHCC)
-- Sino Gas International Holdings, Inc. (OTCBB:SGAS - News)
-- China Infrastructure Construction Corp. (OTCBB:CHNC - News)
For a full show schedule including presentation dates and times, please visit http://www.redchip.com/visibility/conferencePages/virtualconferences/virtualmain.asp.
RedChip's virtual investor conferences are offered throughout the year and feature emerging growth companies from a wide range of industries including oil & gas, alternative energy, biotechnology, manufacturing, industrial mining, basic materials, business software, Internet services, consumer goods, and more.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm headquartered in Orlando, Florida; with affiliate offices in Beijing, China; Paris, France; and Seoul, Korea. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(TM), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap TV(TM), Shareholder Intelligence, Social Media and Blogging Services, Webcasts, and RedChip Radio(TM). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.
"Discovering Tomorrow's Blue Chips Today"(TM)
The RedChip Companies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2761
Contact:
RedChip Companies, Inc.Jon Cunningham1-800-RED-CHIP (733-2447), Ext.
[email protected]://www.RedChip.com
You forgot to insert the HighLights...
Thanks for the updates ;)
NTWK Highlights:
- Global US-based software Co.
- Trading at a discount to peers (current PE is 9)
- 15 - 20c/share net income (per guidance)
- $40 - $44 million revenues or 20% growth
- $75 Million market cap
- Gross margins 65%+
- The CEO bought 279,000 shares on 12/10. Insiders bought 1.1 M shares in May, 2010...essentially buying 4% of all outstanding shares in the open market this year
- Explosive China growth. Will move into larger HQ
- New JV with company ran by the Royal family in Saudi Arabia. NTWK owns 51% of JV
- Global alliance with Mercedes Benz Financial....exclusive leasing/financing software provider for the German car maker
- Ney JV in Saudi Arabia with Atheeb Group ran by the Royal Family
- Buyout candidate
an excellent take on the stock...
Re: BOTTOM LINE -will go lower before it goes higher 24-Dec-10 10:01 am Sorry Charlie,
You are out of your mind if you thinking that NTWK will see $1.5 again.
The next 5 weeks will be packed with news and positive developments. There is no time for a significant step back. In fact, this will go up steadily every week and will resume setting the 52-week highs every other day once it zooms past $2.2.
Here is a preview of coming attractions:
- Last week of the year. Historically, most stocks go up when the major indices have been up for the year.
- First week of January. We will hear about the transfer of ownership increasing NTWK's stake of profitable/cash-cow Netsol Pakistan from 58% to over 50% (an increase of 3c/share net income with all things being equal....this additional net income is not included in the current guidance).
- From now through the first week of February when the company will report 2Q 2011 there will be at least 3 contract announcements
- The "January effect" will force new investors and institutions to jump in and get a position before this one does a XOMA on us.
- As the PPS goes up more financial publications, stock analysts, etc. will jump in the bandwagon just like Thestreet did it yesterday.
- After January 15 investors will go after every available share because blockbuster earnings/guidance would be in front of us.
....and on and on...
Now, can you tell the your reasons for your "BOTTOM LINE" ...."it will go down before it goes up"? You really sound like our old friend Sam with your "what goes up must come down" investment philosophy.
I am sorry your were caught with your pants down and you missed this mini-rally. This is just a preview of coming attractions amigo. many missed the boat just like you did. But if you really think about it, $1.9 is really a bargain compared to $3+ in 5 weeks.
Good luck and Merry Christmas!!
Important NTWK news today
NetSol Technologies Signs Strategic Understanding With SANY Auto Finance Co., Ltd. for Enhanced Financial Solutions and IT Services
SANY, One of World's Largest Machinery Equipment Manufacturers, Will Use NetSol's NFS(TM) in China and Globally for Its Captive Finance Companies
Press Release Source: NetSol Technologies, Inc. On Tuesday January 4, 2011, 6:55 am EST
CALABASAS, Calif., Jan. 4, 2011 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. ("NetSol" or the "Company") (Nasdaq:NTWK - News) (Nasdaq Dubai:NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced that it has signed a strategic understanding with SANY Auto Finance Co., Ltd.
The agreement was signed by NetSol's Asia-Pacific President Mr. Salim Ghauri and SANY Group Co. Ltd. President Mr. Tang XiuGuo in a prestigious ceremony in conjunction with the opening of SANY Auto Finance Co., Ltd. in Changsha. It signifies the intent of SANY and NetSol to be partners both inside and outside the People's Republic of China and stipulates that if SANY enters any international markets as a captive finance company, NetSol will be the preferred system vendor. SANY Group Co., Ltd. is among the top 20 machinery equipment manufacturers in the world, with $4.6 billion in sales during 2009 and 60% annual revenue growth from 2008.
SANY Group was recently recognized as one of China's Top 500 Enterprises of 2010, "Top Chinese Enterprise" by Forbes, "Brand with the Highest Growth Momentum in China," one of the "Top 50 Globally Competitive Chinese Companies" by Entrepreneur Magazine, and one of the "Top 500 Brands in Asia." It has also been honored as "China's Best Service Provider" by the Ministry of Commerce. SANY Group has 30 subsidiaries outside of China, exports its products to more than 110 countries and regions, and has operations in over 150 countries.
Mei Yonghua, General Manager of SANY Auto Finance Co., Ltd., said, "We understand that our choice of software systems is a crucial issue and one that can either reinforce or undermine the growth of our new financial business, and we are confident that we have made the right decision by selecting NetSol as our software vendor. Our new agreement also includes plans for significant additional enhancements and investment into the existing SANY NFS(TM) implementation in China."
Salim Ghauri, President of NetSol Technologies, commented, "This agreement is a unique opportunity for us to cooperate with a true global leader in the heavy machinery industry and will allow us to build on our existing relationship with SANY. By working closely to develop customized additions to the NFS(TM) platform that meet SANY's specific and evolving needs, we will also have the opportunity to apply these new features to our product offerings aimed at the finance and leasing software market, where we plan to focus much of our future growth efforts. We look forward to working with SANY on this initiative and believe that it will have significant benefits for NetSol, both financially and through the expansion of our feature-rich software portfolio for future clients."
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (Nasdaq:NTWK - News) (Nasdaq Dubai:NTWK) is a worldwide provider of global IT and enterprise application solutions. Since its inception in 1995, NetSol has used its BestShoring(TM) practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized by industry, these product and services offerings include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. Headquartered in Calabasas, California, NetSol Technologies has operations and offices in Alameda, Adelaide, Bangkok, Beijing, Karachi, Lahore, London, and Riyadh.
To learn more about NetSol, visit www.netsoltech.com.
NTWK $1.86. Insiders Bought 1.4 Million Shares in 2010...Increased Institutional Interest....Exponential growth in China/Asia......Buyout Candidate.
Chart shows systematic accumulation at higher and higher levels. Once the stock breaks $2.15 it will never look back.
http://stockcharts.com/freecharts/gallery.html?s=ntwk (http://stockcharts.com/freecharts/gallery.html?s=ntwk)
Target: $4+ after blockbuster earnings on February 7, 2011
This November 2010 contract announcement implies that 2Q 2011 to be announced February 7, 2011 will be stronger than previously projected (6c/share):
http://finance.yahoo.com/news/NetSol-Technologies-Signs-pz-2058899050.html?x=0&.v=1
Latest Developments:
- Insider Buy 1.4 Million Shares in 2010
- Several other institutions/funds increased their positions or started new ones. Blackrock Bought 4% of Co. in 2010
- Launched Atheeb Netsol JV with Royal Saudi Family
- New global alliances with Mercedes Benz Financial and China's SANY Corp.
- Will participate in SAP's EcoHub to introduce hundreds of potential customers its SAP-certified smartOCI search engine
NTWK Highlights:
- Global US-based global software company
- 15 - 20c/share net income
- $40 - $44 million revenues
- $75 Million market cap
- Gross margins 65%+
- 5-year average growth of 20%+/yer per guidance
- The CEO bought 279,000 shares on 12/10. Insiders bought 1.4 Million shares or 4% of all outstanding shares in the open market in 2010
- Blackrock bought over a million shares as well as other institutions
- Explosive China growth
- Controls 90% of the Chinese auto leasing/financing software market
- 0ver 20 Fortune 100 customers including Ford, BMW, GM, Mercedes Benz, Toyota, Nissan, Chase, Citi
- Global alliance with Mercedes Benz....exclusive leasing/financing software provider
- New SAP-approved procurement search engine built on "cloud computing" architecture will be a significant revenue engine
- Front runner in Billion-dollar in IT/software infrastructure and military mega-projects in Pakistan
- New JV in Saudi Arabia with Atheeb Group ran by the Royal Family
- Large contracts to be announced from now to 2Q earnings
- Great daily and weekly chart
- The Street Com Video last week says NTWK is best under-5$ stock
- US-based software company with offices in CA, Beijing/China, Australia, Thailand, the UK, Singapore, Dubai, Saudi Arabia, and Pakistan
- Buyout candidate
Further DD Links:
Buyout candidate. The CEO acknowledged during the 4Q 2010 Conference Call that there is significant interest in the acquisition arena. However he was very emphatic when he said that he would only listen to offers in the $8 - $10 range.
The company has met with SAP's CEO recently at SAP's Philadelphia headquarters. Some says that it is to discuss buyout terms. Here are some pictures of that event:
http://www.netsoltech.com/resources/netsol-sap-hq.php (http://www.netsoltech.com/resources/netsol-sap-hq.php)
Thestreet Com video recommending to buy NTWK:
http://www.thestreet.com/_yahoo/vide...1#722227923001 (http://www.thestreet.com/_yahoo/vide...1#722227923001)
Significant insider buying.
So far this year insiders have purchased 1.4 million shares or 4%of all outstanding shares (enter NTWK in the window):
http://www.insidercow.com/ (http://www.insidercow.com/)
About NTWK:
Netsol Technologies, Inc. designs, develops, and markets software products for the automobile finance and leasing, banking, healthcare, and financial services industries worldwide.
It offers NetSol Financial Suite, which is an end-to-end solution that covers the leasing and finance cycle. The NetSol Financial Suite consist of software applications comprising Point of Sale, a front office processing system for the finance sector; Credit Application Processing System to handle the incoming credit applications from dealers, agents, brokers, and the direct sales force; Contract Management System to manage and maintain a contract; Wholesale Finance System to automate and manage the floor plan/bailment activities of dealerships; and Fleet Management System to handle fleet management needs.
The NetSol Financial Suite also includes LeasePak that develops Web-enabled and Web-based tools for the leasing technology industry. In addition, the company offers LeaseSoft Portals and Modules; enterprise wide information systems, such as LRMIS, MTMIS, and Hospital Management Systems; accounting outsourcing services; and career and technology programs.
Further, it provides portfolio management systems for the financial services industry; and consulting, custom development, systems integration, and technical services for the healthcare, insurance, real estate, and technology markets. Additionally, the company offers business intelligence, independent system review, information security, and software process improvement consulting services; maintenance and support, and project management services; and solutions for the defense and military forces. It serves Fortune 500 manufacturers, automakers, financial institutions, utilities, technology providers, and government agencies.
The company was formerly known as NetSol International, Inc. and changed its name to NetSol Technologies, Inc. in March 2002. NetSol Technologies, Inc. was founded in 1997 and is based in Calabasas, California.
Netsol has offices in 7 countries and it is expanding in the Middle East this year:
http://www.netsoltech.com/contact/office-location.php (http://www.netsoltech.com/contact/office-location.php)
Will start moving next week. Record 2Q earnings is too close and the accumulation at this level is about over.
Cup and Handel Pattern...
Day's Range: 1.82 - 1.90
52wk Range: 0.70 - 2.11
Volume: 385,500
Avg Vol (3m): 894,700
Market Cap: 92.54M
P/E (ttm): 21.72
EPS (ttm): 0.09
Div & Yield: N/A (N/A)
Technicals
Close Above the 13-day EMA
Last Price Quote is:
0.30%above 13-day EMA
10.03%above 50-day EMA
RS Rating: 34
On 1/14/11 Ativo Research reiterated their 10/8/10 "Strong Buy" rating on NTWK.
"Ativo Research projects as of this date that NTWK will GREATLY OUTPERFORM the market averages over the next 6 to 12 months leading to our decision of a STRONG BUY."
Ativo Research is a well-respected, conservative stock research company.
Ativo Research was recently named the #1 research provider by Fidelity investments:
http://www.ativoresearch.com/ativoresearch/Press%20Releases/FMR%20-%20ResearchAwards2Q09.pdf (http://www.ativoresearch.com/ativoresearch/Press%20Releases/FMR%20-%20ResearchAwards2Q09.pdf)
More information on Ativo Research:
http://www.ativoresearch.com/ativoresearch/index.html (http://www.ativoresearch.com/ativoresearch/index.html)
Big breakout today on strong volume. Great start of a furious pre-earnings rally
Why are you posting with so many user nameson this board ? ???
I have more to add to this query, will do add later, out o time for now.
One user name will do to post under, all others will have to go!
ntwktoten
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najeebkeepsbuying
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A new 52-week high was established today. This great chart will show frequent new 52-week highs:
http://stockcharts.com/freecharts/gallery.html?s=ntwk
Here are a few reasons for the recent strong move despite bad markets:
- Technicals have improved significantly but it is still lagging strong fundamentals
- Explosive profitable growth (see related points below)
- The company will report record 2Q 2011 financial results and provide a strong guidance on earnings day (February 7, 2011).....based on guidance and recent developments (significant contract wins, etc).
- NTWK is a US-based software company with 8 major offices worldwide including the USA, UK, China, Thailand, Singapore, Australia, Saudi Arabia, and its largest software development hub in Pakistan ( low salaries/excellent workforce/high margins approaching 70%)
- NTWK's CEO recently re-iterated the 20c/share net income guidance on 20%+ revenue growth. He projects 20%/year+ growth for the next 5 years
- Insiders bought 1.4m shares in 2010, including 279k on 12/10 at $1.50 per share
- In response to persistent acquisition rumors, the CEO acknowledged in the 4Q 2010 CC that there are several suitors but that He and the Board would only get serious if the offers are North of $8/share
- NTWK currently has 90% of the China auto leasing/financing software market with customers like Mercedes Benz, BYD, Ford, Nissan, GMC, SANY Corp., Hyundai, BMW, etc.
- NTWK has hired 40 people in Beijing (and it's moving into a larger facility) to 1) support existing customers, and 2) to move/expand into other verticals like banking/lending, healthcare, energy, military, government
- Recent Global deals with Mercedes Benz and China's SANY Corp. are game changers for NTWK
- Professional certification in all major categories - CMMI Level 5, ISO 9001, 20000, 27001
- NTWK is hiring in Thailand for an significantly expanded operation
- In the last 3 months NTWK has hired over 100 software engineers/programmers, business development/marketing, and support personnel.
- NTPK (NTWK's largest subsidiary) stock in Pakistan is up 35% in 2 weeks
- NTWK has invested 15 employees in the Atheeb Netsol joint venture with Saudi Arabia's Atheeb Group. The CEO for 51% NTWK-owned JV is the the Royal Prince of Saudi Arabia
- There are already several SAP clients using cloud-computing-driven SAP-certified SmartOCI search engine.
- Conservative award-winning stock research company Ativo Research (Fidelity Investments preferred stock research company). Ativo rates NTWK a STRONG BUY with a max target of $5.16 and low target of $1.86. Note that at $2.07 is very close to the low target but with a lot of room to move up from this point forward. Ativo further states that NTWK will GREATLY OUTPERFORM markets in the next 6 to 12 months.
Target was raised to $6 recently (see bottom of post). Take a look at the chart.....charts don't lie
http://stockcharts.com/h-sc/ui?s=NTWK&p=D&yr=0&mn=6&dy=0&id=p36258004094&a=222147265&listNum=1
Read about the many multi-million dollar contract signed in recent months. These licenses bring with them 5-year service and maintenance contracts thus increasing recurring revenues.
http://www.globenewswire.com/newsroom/headlines.html?symbol=NTWK
~NTWK could fly past $3+ after blockbuster earnings on February 10, 2011.
12-month target: $5+
Latest Developments:
- Insider Buy 1.4 Million Shares in 2010
- Several institutions/funds increased their positions or started new ones.
- Recently signed global alliances with Mercedes Benz and China's SANY Corp. as exclusive auto/equipment leasing and financing software provider. Currently working on software licenses and applications in nine countries where Mercedes Financial does business including India, China, Japan, Korea, Thailand, and others.
- Launched Atheeb Netsol Joint Venture with Royal Saudi Family
- Will participate in SAP's EcoHub to introduce hundreds of potential customers its SAP-certified smartOCI search engine
NTWK Highlights:
- Global US-based global software company trading at 9 PE and at a significant discount vs. sector peers
- 15 - 20c/share net income
- $40 - $44 million revenues
- $75 Million market cap
- Gross margins 65%+
- 5-year average growth of 20%+/yer per guidance
- The CEO bought 279,000 shares on 12/10. Insiders bought 1.4 Million shares or 4% of all outstanding shares in the open market in 2010
- Blackrock bought over a million shares as well as other institutions
- Explosive China growth
- Controls 90% of the Chinese auto leasing/financing software market
- 0ver 20 Fortune 100 customers including Ford, BMW, GM, Mercedes Benz, Toyota, Nissan, Chase, Citi
- Global alliance with Mercedes Benz....exclusive leasing/financing software provider
- New SAP-approved procurement search engine built on "cloud computing" architecture will be a significant revenue engine
- Front runner in Billion-dollar in IT/software infrastructure and military mega-projects in Pakistan
- New JV in Saudi Arabia with Atheeb Group ran by the Royal Family
- Large contracts to be announced from now to 2Q earnings
- Great daily and weekly chart
- Buyout candidate- CEO said at least $8/share
- The Street Com Video last week says NTWK is best under-5$ stock
- Headquartered in Calabasas, CA with offices in Beijing, Australia, Thailand, the UK, Singapore, Dubai, Saudi Arabia, Australia, and several offices in Pakistan
+++> Target Raised to $6
On 1/21/2011 Ativo Research raised its forecast for NTWK's price per share:
Forecasted upper limit: $6.00
Best Estimate: $3.00
Forecasted lower limit: $1.50
Ativo Research's Investment Conclusion:
Ativo Research projects as of this date that NTWK will GREATLY OUTPERFORM the market averages over the next 6 to 12 months leading to our decision of a STRONG BUY. Our decision is based on (1) valuation, which compares the firm's intrinsic value against the price of its stock, (2) intermediate and long-term price momentum, (3) other measures of fundamental trend and (4) qualitative analysis.
Ativo Research is a conservative award-winning stock research company that does research for Fidelity Investments and other large institutions and wealthy individuals. Google for Ativo Research for more info.
IBD...best company list under $10
Ratings SMR B,
Sector rating 133
Accum/Distr A-
COMP 92
EPS 80
RSI 98
MCap 113M