Have searched the archives and there's no prominent threads on NSB. This is a share which has doubled in the last month and continues to impress. Does anyone have this stock ? Or believe it has further to go ? My finger is on the selling button, sell half, keep half, but what are your thoughts ?

NSB will announce its preliminary results for the twelve months to 31 December
2003 on Thursday 11 March 2004. An invitation-only presentation to analysts
will take place on the day, at 10am, at the offices of Collins Stewart: 9th
floor, 88 Wood Street, London, EC2V 7QR



why invitation only ? are they hiding something/ are they trying to attract new money? or is this normal proceedure and i am just being thick?

O.K. So the figures are due end of this week and, therefore, there is likely to be some interest BUT have you seen the recent trades ? Methinks somebody knows summat and,if they do, thats likely to be translated into hard cash for all the patient people who wannamakabuck. Next time I post a message it will be to congratulate you all on your stock reaching 65p.N.B. to Bosley. Print yourself a 'financial analyst' card and attend the meeting you refer to. They actually WANT people to attend, not exclude them, and if they get a few who shouldnt be there - hard titty.

oh good news. monday it was...


NSB Retail Systems PLC, a leading supplier of software solutions to the retail
industry, announces today the signing of a licence agreement with GameStop for
NSB's Connected Retailer Store 6.0 product.

The contract value is in excess of $2 million, pending the success of a pilot
phase.


and today its a good set of results

NSB Retail Systems, a leading provider of software solutions to the retail
industry, today announced its preliminary results. The highlights are:

* Return to profitability (before goodwill amortisation) of the business and
net cash against a challenging market background for most of 2003;

* Cash balances up 9.1m to 13.1m;

* Competitive position strengthened following appointment of BT as NSB's
exclusive distributor for the UK and Ireland (non exclusive in Europe,
Middle East and Africa);

* Disposal of UK assets in January 2004 to BT Group plc for 17 million
resulting in reduced fixed cost base, 30%-50% royalties and ongoing fees
from support services;

* Strong cross-selling to existing customer base of over 200 retailers.

and just when you thought it couldnt get any better

NSB Retail Systems Plc, a leading supplier of software solutions to the retail
industry, is pleased to announce the signing of a contract with MGM MIRAGE
(NYSE: MGG). MGM MIRAGE, one of the world's leading and most respected hotel
and gaming companies, owns and operates 14 casino resorts located in Nevada,
Mississippi, Michigan and Australia, and has investments in two other casino
resorts in Nevada and New Jersey. The company is headquartered in Las Vegas,
Nevada, and offers an unmatched collection of casino resorts with a limitless
range of choices for guests.

The agreement is for NSB's Connected Retailer Store and Merchandising
products. The contracted value is in excess of $3 million.

so very good news all round i think . should see some rise in share price, hoping all this wasnt already there .

So why the big recent drop then I wonder?
Is it because NSB are not going to be included in the FTSE All-share list and the institutions banking on that by buying shares (and hence upping the share price) are now selling?

could be but the drop makes no sense to me . profits have exceeded market expectations which to me is good news . maybe some people think its over priced already , i dont know but i find it confusing to say the least.

madrid malaise i think

Hi all,

i am not currently holding NSB but have had previously and am monitoring currently. The recent share price drop has some similarities to what has happened to RTD (which I do hold), big share price increase prior to a good set of results(exceeding forecasts) followed by profit taking/weakness on Nasdaq.

The fundamentals on NSB still look healthy and the market they are in is definitely growing so for the long term they look a good share to be in. For the short term they like most small tech stocks are vulnerable to the market conditions which currently are profit taking and weakness on Nasdaq. I am going to do more research on the fundamentals and will try and post again later.

thanks fundamentalist . keep us posted on what you think , please.

Just re-read the annual results and also the recent RNS announcements and here are my views (for your info i do not hold NSB but am looking to, I do hold RTD):

Positives:
Cash Balances increased 4m to 13.1m
Returned to operating Profit
Several new contracts: BTExpedite, Gamestop, MGM Mirage, JC Penney
Promotion to FTSE Allshare (trackers will need to buy 25m shares)
Appointment of new PR company (as previously this has been poor)
Positve article from Edmund Jackson in Sunday telegraph (with more expected having read his posts on a competitor BB)

Negatives:
Turnover decreased (though this was expected)
Exchange rate losses
Impact of ammortisation write offs

Trying to value on traditional PE basis is not applicable as NSB is still loss making at a pre tax level. They released an adjusted EPS of 0.65p (PE 51) though the basic EPS was a loss of 7p. To put this into context, RTD recently announced a basic EPS of 0.5p (PE of 40) and an adjusted EPS of 1.4p (PE of 14.3). Broker forecasts for basic EPS for next year are 1.06p putting it on a forward PE of 19. On that basis NSB looks very expensive compared to RTD, however, NSB has greater cash and far greater growth opportunities - this scenario makes it a gamble as you are investing on the basis of what will happen and not on historical profits.

Looking ahead 2/3 years, what can we expect. Here is a potential scenario if the current growth continues: it is perceivable to see NSB having a turnover of 100m (64m this year, 45m related to continuing operations) with a gross profit percentage of 30% (16.7% on continuing operations) giving a gross profit of 30m. Take off admin expenses of 10m (7.7m this yr) and this would give a pre tax profit of 20m. Remove 30% for tax gives an after tax profit of 14m. This would equate to an EPS of 3.14p per share. With a PE Ratio of 20 a share price of 63p and a Pe of 30 would give a price of 95p. This scenario is based on my assumptions and is purely a prediction but it shows what is possible. However, to get to this position, a doubling of turnover on continuing operations is required, margins need to be improved and costs need to be controlled. These may be overestimating growth potential or could be overly conservative - they are just my estimate!

i would appreciate others opinions of what can be expected in terms of turnover/margin percentage in the years to come, as this would help to modify my potential scenario and help me to set a long term price target. i also have been unable to find any brokers estimates for the next two years that have been updated since the results (if anyone has any can they please post)

needless to say this is all IMHO and DYOR if buying shares.

Why all the sells after such good results?

Take your pick: Profit taking, people expecting even better results(!!), overvalued based on results, The Madrid factor

A well subscribed Tip Sheet recomended partial profit taking at the weekend for NSB shareholders.

Anyone know why c 30million shares have been sold off in the last few minutes!

Fact that CE needs new patio :-)shouldn't affect what is a good business with class clients and good growth potential.....imho

Why's are NSB down 8% today when most of the market is up? tia

Probably shares plays update in todays mag:

NSB Retail Systems (NSB) 28.75p SELL

Chief executive Nikki Beckett sold 10 million shares at 31p, reducing her stake to 26 million. Fellow director Seale Moorer also sold 10 million shares. House broker Collins Stewart forecasts 1p EPS this year and 2p for 2005. We had projected 3p in 2004. Tipped at 25p on 29 January, the shares topped 37p and have fallen to the current 28.75p. We advise following the CEOs lead.