Nasstar (NASA)

0
614
Nasstar NASA Logo

A UK based company engaged in the provision of hosted managed services and cloud computing services, it integrates private and public clouds by supplying the hosted information technology services to its business customers.

30-Jul-2018 – 11.75p – £67.5m – PER 19.6

Trading Update For The 6 Months To End June 2018 – Confident FY will be in-line with management expectations.

First time I have looked at this and it looks interesting enough. Perhaps fairly priced here so will remain Neutral but will keep an eye out for those results.

24-Sep-2018 – 11.8p – £67.8m – PER 19.5

Interim Results For The 6 Months To End June 2018 – Revenue up 6% with Operating Loss reduced by 65%.

I remain Neutral here.

1-Feb-2019 – 12p – £68m – PER 23.9

Trading Update For The 12 Months To End December 2018 – Revenue slightly ahead, EBITDA and Net Cash in-line. 2020 expectations underpinned by new project due to go live in Q4 2019.

Would like to actuals here (real Profits perhaps) before making any investment decision – That looks like a wait until end April this year!

29-Apr-2019 – 12p – £69m – PER 24.6

Results For The 12 Months To End December 2018 – Revenue up 7% (£25.7m), 91% recurring, Statutory Loss made with Adjusted EPS up 9%, Net Cash at £1.5m (£1m in December 2017).

Still prefer to wait here to see an actual bottom line profit.

31-Jul-2019 – 12p – £68m – PER 23

Trading Update For The 6 Months To End June 2019 – In-line with FY expected to also be in-line.

Don’t see much value here based on forecasts and feel it’s prudent to at least wait and see the Actuals. Based on the latest Broker note this morning, in my opinion, this looks way overvalued on a 1 Year and 2 Year view.

30-Sep-2019 – 11p – £64m – PER 22

Interim Results For The 6 Months To End June 2019 – Revenue up 2% (90% recurring), Adjusted PBT and EPS in-line with last year. Cautious but expects to meet management expectations for the FY.

There’s not enough for me to be interested any further here at present.

Advertisement
Research Tree Banner