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??

Good news then....

I would stay away for a while and watch, as any shares I held which consolidated always dropped afterwards!

i saw some talk on other threads saying this may be one to watch. any opinions?

Chrissie seems to think that they are about to set sale , but you know DYOR...
I have just bought in so i cant jump ship just yet.Fingers xxxxxx
G12

shao

I think StarFrog's reading is on the ball. Another argument in favour of this type of consolidation is that it is attractive to the city, particlarly fund manager. You see very little interest in dividends on these threads but they are important to a lot of people, particularly unit trust buyers. Good buying today so response is encouraging after a shake-out. HCEG did a similar exercise and the sp advanced as a result whereas CYH sp fell back, so probably there is no golden rule. Pretty close to its support level on the charts.
[shao: you don't have a messaging provision on the board - I'll have a look at the fundamentals over the weekend]

Eric

thanks eric. i've set one up now...i think

Not a lot of info but good news ..

LONDON (AFX) - Net b2b2 PLC, an AIM quoted business aggregator focussing on the digital communications sector, said its unit cScape has won a contract to supply web services to the Carbon Trust.

G12

This statement from our own Chrissie.

NEB (Netb2b2) AGM today and results out 7thMarch. This share will fly, take a look at their website you will be impressed! They have a very good thread on advfn. Well undervalued and you could be the owner of 1 million shares for about 7k (netb2b2.com)

Thank Chrissie

G12

HELLO anyone out their have NEB and whats going on with the share price it cant be right !!!!!!!!!!!

mojo,

they had a share consolidation of 100 - 1 which is why the price may look a little strange - we are aware of this and will update the price overnight.

Regards

Ian

I have a few !! fingers xxxxxx

Looking at the price increase today i am asuming that many of the sells were actually buys.....


G12

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 ?