Provider of electronic and physical security systems, Newmark Security (NWT) has updated including “the company expects to report revenue for FY19/20 marginally lower than FY18/19 as previously anticipated” and recent “increased demand in the supply and installation of hygiene screens and night-pay hatches, which enable retail sales transactions to take place whilst adhering to social distancing… has prioritised its technical support for NHS sites and has further supported its customer base with a programme of online training”. The shares are currently around 1p in response… more than 13% lower...
When I initiated coverage on this website of Newmark Security (NWT) in May, little did I expect that it was about to release a set of profit warnings which would see the share price more than halved! But unfortunately, that is indeed what has happened.
Shares in Newmark Security (NWT) are on the recovery track, up 16% today to 2p following publication of the company’s annual results. I previously thought these offered good odds at 3p before a profit warning saw them cut down to 1.75p in July.
Steve Moore has already ably covered the Newmark Security (NWT) profit warning this morning, which see the shares marked down to 1.75p and makes my Buy rating as published here in May look rather foolish. Indulge me and I’ll see if I can offer some insights as to what investors ought to think about.
Having on 18th May been “pleased to provide” a trading update, “delighted to announce several new client wins” and “look(ing) forward to updating the market further at the time of the group's full year results”, security systems provider Newmark (NWT) today just “provides” a trading update. Uh oh…
Newmark Security (NWT) provided the market with a year-end trading update last night. This highly investable company didn’t disappoint, with plenty of colour around its plans for 2017.
Given the apparently very steady fundamentals, it is perhaps disappointing that shares of Network Security delivered a double top retreat for July and August above 4.5p.
Newmark Security (NWT) is a company which attracts the eye in terms of the fundamentals, as well as the technicals.
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