Net b2b2 board to propose capital reorganisation
AFX


LONDON (AFX) - Net b2b2 is to propose a capital reorganisation and share buyback programme at its AGM on Feb 28.

The board has proposed that each of the 479,547,265 shares in issue and 120,452,735 unissued existing shares be consolidated at a ratio of 1 ordinary share for every 100 existing ordinary shares.

The group is also proposing to increase the authorised share capital from 6 mln shares to 12 mln and under the proposed share buyback, the board would be restricted to buying in 400,000 shares.

The board has also proposed to cancel the share premium account of 11 mln stg.

The company said in a statement is believes 'that now is an appropriate time to cancel the deficit on profit and loss account in order to restructure the Company's balance sheet to more accurately reflect the reality of its financial and trading position.

'It will also facilitate the payment of dividends to shareholders in the future if this is decided upon by the board,' it added.



What does this mean for a shareholder??

Come on folks its a time to buy not sell!

G12

All in all the future is till looking rosie or am i missing the point......


G12

LONDON (AFX) - Net b2b2 PLC said its losses widened in the first half to Dec 31 2004 to 5,000 stg from a restated 4,000 stg in 2004.

Turnover for the first half was 2.96 mln stg compared with 2.69 mln and the operating profit fell to 4,000 stg from 13,000 stg.

Chairman Keith Young said the group continues its positive outlook and development.

Since the period end cScape has won further contracts with blue chip clients, such as the Carbon Trust and, with the contracts already in place, the group expects profitability to follow the increase in turnover for the full year, he said. In addition, Blue Sky, NetPen UK and ITM Graphics will begin to exploit the opportunities open to them.

Young said the group is aggressively pursuing value enhancing acquisitions.

He also said the continuing improvement in performance of the operating companies provides cash both for investment in their own future growth but also to help fund such acquisitions.

The directors have not declared an interim dividend but said the payment of dividends will continue to be kept under review.

newsdesk@afxnews.com

golf. you're living in dreamland. this is completely bolloxed! sub 10p within the month.

Folks

Following the drop in share price after a set of dissapointing results i decided to contact the company asking what the future holds ,The respose looks very promising.

G12

Many thanks for your email. I appreciate and completely agree with your
analysis of the company.

Given the seriously under-valued SP I, and my fellow directors are
confident that the price will revive particularly in the light of our
own recent extra investment in the form of share buying and cash
injection to underline our commitment and to underpin the SP.

Whilst our recent interims were a little disappointing they were the
ONLY piece of vaguely poor news that I can recall us delivering over
the
last fully 2 years, during which time we have moved from a seriously
loss making if not dying business to a cash generating company with a
clear aggregation strategy. This makes our share price performance all
the more galling.

I therefore am looking forward to a rising SP over the coming months.

Kind regards,


Group MD, Netb2b2 plc

freefall baby

Where is the bottom for this share, it must be grossly undervalued at 40p ?

Below is an email i received from the company.

Despite the disappointing current position
primarily driven by day trade rumour mongering the company remains in
good health and with good prospects, as evidenced by the recent brokers
note that valued the company conservatively at now nearly 4 times the
current share price on a purely break-up basis, irrespective of future
prospects.

We continue to be confident therefore that the market will not be able
to ignore the fundamentals of the business and more importantly the
future prospects of the company.

G12

Thanks Golfclub.

The SP chart may be telling us that this one is nearing the bottom, especially as chairman K.Young, bought 1/2 M shares for 250k in mid-March. Nice to think that we can now buy at a lower price than he did. Any thoughts?
Sd.

Squidd

Looks like you could have been right regarding the bottom of SP as it has just taken a sly creep upwards , so fingers xxx

G12

Noticed that NEB has today come up on Haystack's robot pick stocks.
sd.

fingers xxxx looking good

Up another 18% today, wow .
Having to rely entirely on the chart for this one because apart from the hefty share purchase by the chairman, I can find no news whatever.
The sp was over 80 in the dot-com boom days, so if it reaches 80p it will rejoin the 99% club after an absence of some years. For much of the time it has been bouncing along just above 60p, so if it climbs through decisively, I think the chairman and any followers could find themselves in blue sky.
sd

News at last, and another boost to the sp.
sd.

we should see the sign in a couple of months if news keeps coming in.

I think people who were in for a quick buck yesterday are now jumping ship, so price should stablise and slowly rise again over the next couple of months.

G12

I take that this is good news as we are on the rise again after a sharp fall yesterday!

Have a good weekend all
G12

I think NEB still has some way to go upwards, but I worry that it may revert to its low volumes and lack of news flow. So, after the recovery spurt, I've jumped ship in order to focus on my favourite recovery stock ELA, which enjoys a higher profile especially after all its recent troubles.
sd.