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Ready to roll bud. Look at that a new HOD @ .949!!!!
Thats my 2400 share buy @ .92
1st stop $1.50
I have watched this trade for 2 years now. She trades very thin, and she's going up now.
Hold those shares.
hehehehehehehehe LETS ROLL
Thanks bud. Will check NANX out.
Good call. This has been dormant for several weeks and is starting to wake up. Same with NANX Nothing but upside for the next month or so.
GLTU
NetSol Technologies Awarded Information Security and Quality Engineering Contract With a Leading Commercial Bank in the UAE
Monday December 29, 8:30 am ET
Agreement Marks NetSol Technologies' Success in Further Penetrating the Fast Growing Middle East Market
EMERYVILLE, CA--(MARKET WIRE)--Dec 29, 2008 -- NetSol Technologies, Inc. "NetSol" (NasdaqCM:NTWK - News) (DIFX: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced the Company has been awarded a major consulting services contract with a leading commercial bank located in the United Arab Emirates (UAE). Under the recently signed agreement, NetSol will provide consultancy services in the areas of information security and quality engineering.
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The scope of the assignment includes identification, mapping and documentation of existing internal client processes, procedures, checklists and forms in order to help ensure alignment with the International Organization for Standardization's (ISO) information technology security, quality and management standards 27001:2005, ISO 9001:2000 and ISO 20000. NetSol will also assist in the identification of any procedural gaps and assist in bringing them into compliance with the relevant benchmark information security and quality engineering standards.
Najeeb Ghauri, NetSol Chairman and Chief Executive Officer, commented, "This latest customer win reflects the continued traction of our global BestShoring(TM) business model, and our ability to leverage our global infrastructure and CMMI Level 5 center of excellence in order to best meet our customers' needs around the world. This contract also marks the growing presence of NetSol in the strategically important Middle East business services market and highlights the value our customers place in strong quality engineering and information security standards."
Besides the preparation of documentation, NetSol will also assist the client in the areas of document and records control, monitoring of business process metrics, service level agreements (SLAs), continual business process improvement, corrective and preventive actions, internal auditing and grievance handling. NetSol will also conduct awareness training and oversee the effectiveness of the implemented processes.
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (NasdaqCM:NTWK - News) (DIFX: NTWK) is a worldwide provider of global business services and enterprise application solutions. Since its inception in 1995, NetSol has used its BestShoring(TM) practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized for each industry, these product and services offerings include portfolio management systems for the financial services industry, consulting, custom development, systems integration, and technical services for the global Healthcare, Insurance, Real Estate, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol offers SAP and Business Objects consulting and implementation services through its Ciena Solutions subsidiary. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, technology providers, and governmental agencies. Headquartered in Emeryville, California, NetSol Technologies has operations and offices in London, Los Angeles, Sydney, Beijing, Bangkok, and Lahore.
To learn more about NetSol Technologies, Inc. visit www.netsoltech.com
To join the NetSol Technologies, Inc. email distribution list, please visit: http://www.b2i.us/irpass.asp?BzID=897&to=ea&s=0
Forward Looking Statements
This press release may contain forward looking statements relating to the development of the Company's products and services and future operation results, including statements regarding the Company that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "anticipate," "intend," variations of such words, and similar expressions, identify forward looking statements, but their absence does not mean that the statement is not forward looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of products and services and the timing of the market acceptance.
Contact:
Contact:
Investor Relations
Christopher Chu
Grayling Global
Tel: +1-646-284-9426
Email: cchu@hfgcg.com
Bought back in a couple weeks ago. Probably a double sometime next year, imo.
Market Cap: 17.75M
P/E (ttm): 3.56
EPS (ttm): 0.19
52-Week High (28-Jul-08)3: 3.50
52-Week Low (11-Dec-08)3: 0.62
Total Cash (mrq): 9.89M
Total Cash Per Share (mrq): 0.373
Total Debt (mrq): 13.26M
Book Value Per Share (mrq): 1.472
Shares Outstanding5: 26.49M
Float: 24.39M
% Held by Insiders1: 13.23%
% Held by Institutions1: 16.60%
Shares Short (as of 24-Nov-08)3: 53.01K
8:32AM Netsol retains investment banking firm Rodman & Renshaw as exclusive investment advisor (NTWK) 31.01 : NTWK announces that it has exclusively retained the investment banking firm Rodman & Renshaw. Rodman & Renshaw will provide NetSol financial advisory services and financial counsel on strategic initiatives on an on-going basis.
I know, I had a very similar experience - leaves a very bad taste in your mouth.
I never hold it any more, just swing trade it from time to time. Totally do NOT trust the management - they pull the money from US-based investors and distribute it to the Pakistan-based investors.
Always be careful with this one.
i held that NTWK pos for almost 9 years and the piece of shit went to $4.60 when i sold at $1.60 to buy EzTO/CCAJ double -ucking.
NTWK:
WHERE IS EVERYONE.... OMG the results for the quarter were awesome....... Hope everyone got in in the 2.70 range this things going to fly.
Eric
Fair enough. Thanks for the insight.
Always appreciated.
Gregor, I do not know what to think about any pattern in NTWK nowadays. With all the turmoil in Pakistan, I just do not trust anything, even good news, because you never know who might be in control next week and change all those government contracts that the Ghauris spent so much time cozying up to Musharrif (spelling?) so that they would have a good chance at them. I used to know this company inside and out, but over the last 6 months, I have quit following it at all, other than looking at the chart a couple of times a week. I just do not care to get messed up with all their politics, especially after the Ghauris took the money from the loyal longterm investors in the US markets and rewarded their new Pakistani investors with equity in our campus and dividends on that equity, and never gave the US invested investors anything. I do not like the way they do business, and decided to only play the chart from now on, but not until the political picture gets a bit less scary.
Sorry, not much help, I know. But I only suggest you tread very lightly with this company - be very nimble with your trading, and hope a bomb does not land somewhere near the campus if you are in it overnight.
I watched it bounce, but didn't catch it.
Is it fallinb back into any pattern?
TIA
Very informative DD SBC. Thank you for your responce.
That is a shame. I am keeping it on watch to see where it goes.
Thanks again.
Greggor
Many, MANY shareholders got worn out with frustration with this company several years ago with many false starts and financing that was extremely questionable and stories about scams and takeovers, etc. My last period of concern about a year ago, other than the political turmoil (which is also a HUGE concern IMO) was that they had taken funds from US invested shareholders for years to fund building a campus over in Pakistan and then, within a rear of selling off a major portion of our share of equity in an IPO on the Pakistan market to Pakistan investors, they gave the Pakistani investors (who had only been invested for a year, IF that long) a dividend, leaving us US-invested shareholders out in the cold with all our losses from all the funding we had provided all those years before.
This made many shareholders real nervous about trusting what management was doing with our investment. Right now, it seems to finally be working out, at least a little bit for us long-term US shareholders, but now the political turmoil has increased the risk a bit, IMO.
Why is no one posting here? This stock is doing well considering all the termiol in Pakastan.
Any thoughts?
Greggor
It sure does.
They are doing great!
NTWK>>> Looks like a winner this morning. Calling all day traders...lol.
Looks like we missed a double, lol.
http://finance.yahoo.com/q/bc?s=NTWK&t=3m&l=on&z=m&q=l&c=
Got out at $2.47 I will keep an eye on it. I may get back in if it goes down in the $2 area.
Well ... looking VERY, VERY good this morning. I think maybe I'll pick up a few million shares just for the fun of it, before it hits $3 a share.
Looks like you made the right call. Congrats to you:
NETSOL TECHNOLOGIES INC
Price: 2.31 +0.62 +36.69%
Bid: 2.31 [-]
Ask: 2.32
Open: 2.11
Volume: 1,333,023
Looks like it may break over $2 today on the news. But, I came up with a different profit number when I crunch the report.
I'm getting .03 EPS for the quarter, still good- but not the greatness they claim.
Given the growth of the company, and if they are able to maintain that- should be between 2.40ish (3x tangable book) and 2.75ish (forward P/E of 15) next year, imo.
I'm still on the sidelines, waiting for the technicial dip. If it doesn't happen, I'll move on to other pastures <bg>.
I will be there too! Good luck!
If I'm wrong, and it gets away from me, then- oh well, I made a profit and folks that held are making money- win-win.
If I'm right, I'll be back in, once the stock gets oversold, and will play the next wave, and we will be right here again in 3 months.
I understand but earnings will be much better this time. I guess we shall see next week.
If you look back, you will see the pps drops/closes on average .09 after earnings release.
So, My guess is, I'll be able to buy back after earnings report in the 1.50s
why would you sell when earnings are reported next week?
Sold my remaining shares today. May come back arounf 1.50ish if the cards line up right. GLTA
Thank you for your help sbc357. NTWK did great this week and I expect more bullish activity in days/weeks/months ahead. NTWK will finally come out of its shell for good IMO.
http://stockcharts.com/charts/gallery.html?NTWK
Que7777pasa,
I saw your post asking for TA learning help over on the yahoo board. The TA board here on IHUB run by Stock Analyzer is an excellent board to get some TA help from. Stock Analyzer has some videos that explain some of the basics and then the TA gurus there are ready to help as much as they can. Give it a visit.
http://investorshub.advfn.com/boards/board.asp?board_id=7882
Also, the point the other poster made about putting in limit orders rather than market orders and about being sure to take profits when you have them are two of the most important things for you to get in your head before you start trading. A nice profit can turn into a loss in just a matter of minutes.
thanks- I took a little off the table yesterday for a small profit. Still holding a bound of shares from mid 1.50s
I found this in 3stocksonfire: I like the earnings breakdown and the author's perspective:
Target: $3+ after earnings on 9/19/2007....$6+ within a year....
This stock will have a monster 2008....it is the leading candidate in a $300M IT project in Pakistan.
During an investors' presentation last month NTWK's CEO said that the company will report $30M (or better) in revenues for 2007 on September 19, 2007.
+++++ Take a look at NTWK's phenomenal growth Y/Y and Q/Q ++++++
*** Yearly Revenue Growth:
- 2007: $30M+ (estimated...per last month's comments).
- 2006: $18.7M
- 2005: $12.4M
- 2004: $5.7M
*** Quarterly Revenue/Net Income Growth:
- 4Q 2007 ....Revenues: $9.4 - $10M ....Net Income 4c/share (estimated.....per last month's CEO comments)
- 3Q 2007.....Revenues: $7.6M.....Net Loss of 2c/share
- 2Q 2007.....Revenues: $7.2M ....Large loss due to a one-time non-cash charge
- 1Q 2007.....Revenues: $5.8M .....Net loss of 7c/share
- 4Q 2006.....Revenues: $4.6M .....Net Loss of 9c/share
NTWK HIGHLIGHTS:
- Gross margins keep increasing and are now well over 50%. Cheap Pakistani technical salaries are mainly responsible for increasing margins
- NTWK is the leading is the candidate in a $300M IT contract in Pakistan sponsored by the World Bank and the local Government.
- 50%/year revenue growth for the last 4 years
- Huge growth in China, India, Pakistan, and Europe. Focused on growing its US market share.
- Only 8M share float
- Insiders have been buying recently
- Strong balance sheet
- Poised to become consistently profitable.
NTWK is growing exponentially in the Asia/Pacific region particularly in China, India, and Pakistan. NTWK is also growing fast in Europe, Australia and other regions. NTWK is now focused to grow the US market based on its success globally.
Netsol is considered the premier software company in Pakistan, and Asia Pacific.....the only one withboth ISO 9001 and SEI (Software Engineering Institute) CMMi (Capability Maturity Model) Level 5 assessment in Pakistan. This is a distinction shared by only 94 companies worldwide!!!
THE $300M PAKISTAN IT PROJECT.....NTWK A LEADING CANDIDATE
NTWK is one of four companies being evaluated by the Government of Punjab, pakistan and the World Bank to evaluate capabilities of finalists for selection of Two (2)vendors to manage a $300M IT Project for the pakistany state of Punjab. NTWK is considered an insider because it has a huge complex in Lahore, Punjab and it has already won many contracts in the region. The 4 finalists were selected out of 9 companies that qualified for the initial screening.
Winning this contract would make NTWK a $5+ stock overnight. The 2 winners will be announced shortly:
http://biz.yahoo.com/iw/070117/0204024.html
The only analyst covering the stock has a $3 target and expects 50% revenue growth and 15c/share net income next year.
About NTWK:
Netsol technologies (Nasdaq: NTWK) is a US-based holding company with operating subsidiaries in the US, UK, and Asia, most of which provide enterprise software and related IT services. The company leverages its low-cost development offices in Pakistan to provide rock-bottom prices (and higher margins) then found in most IT companies. Currently Netsol's market cap is about one half of the combined market cap of the companies it currently owns.
Partial Customer list:
DaimlerChrysler, Mercedez Benz, Toyota Motor, Toyota Leasing, Yamaha Motor, UMF Singapore, Australian Motor Finance, Bank of Ireland, Bank of Scotland, BNP Paribas, Capital One, Deutsche Leasing Ltd, East of England Co-op Society Ltd, General Capital Plc, Investec Bank UK, ,Irish Intercontinental Bank, Banc One, Bank of Hawaii,Baxter Medical Equipment, Chase, Cisco, City National Bank, Ford Motor Credit, Hyundai Motor Finance, LaSalle National Bank....Governments of China, India, and Pakistan
Interesting Research note on NTWK from jlewis1954 :
Netsol Technologies Inc. (NTWK) Investment thesis-- a work in progress
Netsol technologies is a US-based holding company with operating subsidiaries in the US, UK, and Asia, most of which provide enterprise software and related IT services. The company leverages its low-cost development offices in Pakistan to provide rock-bottom prices (and higher margins) then found in most IT companies. I believe this stock can become a multi-bagger over the next several years due to multiple catalysts.
There are several ways of describing just how undervalued Netsol is. Take your pick:
1) You get all Netsol’s businesses for free based on the estimated PV of one contract that Netsol has a high probability of winning at the end of 2007.
2) You get a 78% stake in Netsol’s Pakistan subsidiary, with a $20M public market value (66% of the market cap), for free.
3) You buy a Worldwide IT services firm with a low labor cost, growing at 50% YoY, for 1x FY07 revenue, 15 P/E, with multiple near term catalysts that, in the next few years, could create a business with earnings power of $25M (nearly equivalent to the companies’ current market cap).
In a nutshell, this is one of the most exciting risk/reward plays I have seen in a long-time.
The Pakistan IT Labor Market—Why Pakistan?
Before diving into a description of the company, its worth giving a brief overview of the IT labor market for Pakistan. With the rising popularity of outsourcing, labor prices in many of the top outsourcing markets have been experiencing upward pressure. India, in particular, has been subject to export taxes and rising labor costs that have raised the cost of doing business there, and sent companies looking elsewhere. Pakistan is about 25-40% cheaper than India, likely even more so with the recent excise tax levied on IT export services there. Below is chart comparing the avg. cost of the average IT employee in US vs. India vs. Pakistan (pre-excise tax):
INSERT TABLE
US..............$58,598
India..........$11,854
Pakistan.....$9,000
Pakistan has a ready supply of quality, cheap labor, and is in a much earlier phase of outsourcing than India. The total revenue generated by Pakistan IT companies has grown from only $20 million in 2003 to $70 million in 2006, a CAGR of 52%. Some estimates claim that this is under-reported nearly 8x due to the numerous small companies and individuals in this fragmented market. Assuming the $70M is correct number, Netsol PK (their Pakistan subsidiary), has about 12% of the market
Many large companies have outsourced a portion of IT operations to Pakistan, including IBM, TRG, ZTE, and NCR. Pakistan has high levels of tech savy, English speaking residents, and a 15 year tax holiday on IT exports (vs. India which recently levied a 33% tax on IT services exports). Overall trends appear strongly in Pakistan’s favor, with continued high growth expected for the foreseeable future.
About NTWK
For a $30 million dollar company, Netsol has an extremely complex operating structure that I believe may be obscuring some of the value in the name.
The company has won numerous recognition from the Pakistan government, including “IT Exporter of the year”, which was given to it by the Prime Minister.
NTWK also has Cmmi level 5 certification, which has been attained only by about 100 companies WW, and is considering the benchmark for quality in facilities, particularly when dealing with offshore companies.
NTWK is not a fly-by-night outsourcing outfit, but a serious, highly regarded business.
Netsol has two primarily lines of business:
A suite of software products and solutions for the leasing industry (The Global products group), and a for-hire, outsourced application development and IT services group (The Global services group).
In turn these two business lines are operated across a set of different subsidiaries in multiple markets.
McQue Systems and Netsol CQ (Global Products Group):
Overview
These groups focus on selling Leasesoft, which comprises a suite of four asset-based leasing/financing software application that for customers in the lease and financing industry. The product is still in the early stages of its adoption, with the majority or revenue (70%+) coming from APAC. This group has won several large accounts and strategic agreements with division of Damien Chyrsler, Toyota, and Yamaha. The product has been particularly strong in APAC, where it has become the leading option for Chinese auto manufactures.
The company has spent $15.3 million purchasing McQue Systems (US) and CQ systems (Europe) in 2005 and 2006 for about 1.5x revenue and a P/E of about 15. Netsol transitioned half the staff at each location to their offices in Pakistan, resulting in immediate cost savings, and simultaneously ramped up sales efforts in both regions in order to more aggressively penetrate these markets. The company views these new operations as strengthening their core Leasesoft offering, while simultaneously allowing better access to both the US and European markets through their subsidiaries. The company also set up a UK subsidiary (Netsol UK), to pursue future opportunities in Europe.
Net-Sol TiG JV (50.1% ownership)
Overview
Netsol formed a JV in December 2004 with TiG, a provider of claims related outsourcing in the UK. The JV gives each approximately 50% of the combined company, and calls for TiG to gradually transition the bulk of its technology development business to the JV ($50M a year in revenue). This allows TiG to significantly lowers its cost of service without the risk and struggle of setting up its own outsourcing operation. The business grew over 100% YoY in FY06, and accounted for approximately $500k in net income after adjusting for minority interest. Net operating margins are a whopping 50%.
Currently, this business has only received about 5% of TiG’s total technology development business. If and when TiG does transfer over the whole business to the JV, this business could generate $12.5M annually in net profit for Netsol, adjusted for minority interest. Slap a 15 P/E on that, and your looking a $187M business, or 6x Netsol’s current market cap.
Netsol PK (78% interest)
Overview
Netsol PK is the most talked about of Netsol’s holdings. It is traded on the Karachi stock exchange, and has an estimated market cap of $23.4M (netsol’s stake is worth $18.3M), but owners of NTWK get it for free. This division sells Leasesoft and professional services to APAC, which to date has been the companies’ most successful region (it generated about 60% of FY06 revenue). This division produced $8.4M in revenue in FY06, and recently reported a blowout Q2, with revenue up 129%, and net profit margins increasing fourfold, hitting 41%. In addition to increasing success selling Leasesoft into Asia, this division has made increased inroads with the Pakistan government for a series of contracts. This division appears to be trading for about 2x trailing revenue, which appears a significant discount assuming the 40% net profit margin holds, and given the 100% growth. That said, this thesis does not rely on this subsidiary trading at a higher valuation multiple…
The $300M Punjab land records contract
On January 17th, apparently under the radar of Netsol investors, the company announced that it is a finalist for the $300M Punjab land records contract. The day of the announcement, the stock didn’t budge. I am still perplexed as to why this announcement has had seemingly had little effect on the stock-price but, after further researched, am convinced that this announcement alone justifies the stock’s entire market cap.
The World Bank, in conjunction with the province of Punjab, selected Netsol as one of four finalists (from 9 local vendors) for the $300M land records project to manage and automate the provinces land management system.
Two vendors will ultimately be selected, with expected revenues to each of $25M over the next 5 years.
Netsol expects this business to be high net margins, on par with the margins generated from currently from the Netsol PK business (~40%).
The final two vendors are expected to be selected by the end of the year.
So, what are their chances of Netsol winning? Well, as a baseline scenario, it would appear that they have a 50%. For several reasons I believe the likelihood of NTWK winning is this contact is very high. Here is my thinking:
1) Netsol is the largest IT services provider in Pakistan in terms of revenue.
2) The Pakistan government has awarded them multiple recognitions for being the best “IT services exporter” in the country.
3) Netsol has several existing contracts with the Pakistan government on other IT projects.
4) Netsol’s Cmmi level 5 facility is one of only 100 worldwide, and I believe is likely to be one of the only ones in Pakistan, given the length of the accreditation process and quality standards (note: I have not been able to confirm this).
5) Two firms will be selected and, given the scope of the project and Netsol’s leading position in the market, I’d imagine their experience will be a strong factor.
Valuing the Punjab opportunity
To determine the value of the deal, I have assigned probabilities to the following scenarios:
A: 80%: Netsol wins the deal
B: 20%: Contract is cancelled or Netsol loses out on deal
Below is the value for each scenario
A: $25M revenue @ 40% net margin = $10M/yr. 10M x 5yr = $50M. @ 15% discount rate yields PV of $32.
B: 0
Total value of the opportunity: $32M*.8 = $26M
This also does not include the benefit to Netsol of any follow on work from this deal, or the fact that winning this deal will likely lock Netsol as the go-to vendor for future large projects in the region.
Conservative sum of NTWK valuation....based on subsidiaries
Though I believe this idea works better when you look at is as an undervalued play with many things that can go right, I’ve put together a sum of parts valuation based on the work done above, adjusted for a 20% holding company discount.
McQue Systems: $8.6M
CQ Systems: $6.7M
Netsol TiG JV (50.1% stake): $15M
Netsol PK stake (@ market): $35.3M
Punjab PV: $26M
Holding Co. Discount: 15M
Estimated total value: $95.7M
Value/share: $4.8
Price/share (8/31/07): $1.6
Premium: 300%
I think the above uses conservative estimates, and that the long-term upside is much higher.
Another way to look at this is to see the potential earnings power of the business if a couple things go right.
If Netsol wins the Punjab contract, and if TiG transitioned 50% of their technology development business to the JV, then those two catalysts alone would generate $15M in net earnings in FY08.
Put a 20 P/E on that, and you have a 300M market cap (10x the current market cap).
Catalysts:
1) Punjab Land contract announced.
2) TiG moves substantially more of technology development to Netsol-TiG JV
3) Increased penetration in Europe and US markets due to recent acquisitions
4) Improved operating efficiencies from moving development work from US and UK to Pakistan
5) Increased recognition by the street. This is worth explaining a little bit more.
- First, the obvious: Netsol is in a hot space, and has a great story. If the business traded at multiples anything like the Indian outsourcers, it’d be a strong double to triple in the near-term, with sustained 40-50% annual gains assuming the multiple stayed constant and performance remained strong.
- The second point worth noting is that management and employees are very invested in the success of the company. The brothers that founded the company several years ago own ownership stakes, through options and current holdings, in about 44% of the company. They have also purchased stock in the open market as recently as June 2007.
I threw a 1.51 bid out there to see how desperate the seller is
I bought a little last Friday at 1.55- so I may consider another bite a little lower than that, as long as 1.50ish holds, we are in good shape, imo
Yep, that's what I have been seeing, with a descending neckline sitting at around $1.97 right now.
This is what makes me want to hold this stock long, but I just have such a hard time trusting the Executives who run this company and the decisions they make. (If you have been reading the Yahoo board, you see how far out my suspicions have gotten, but I really believe they would do it if they can find a legal way to do it)
On the other hand, a breakout of an inverted head and shoulder would produce some VERY NICE profits.
So, yes, I see both sides of the fence on this one and it is a daily decision almost for me to decide to buy, hold or sell.
Fundamentals have improved greatly, chart is setting up nicely, trend is for the fundamentals to turn a corner to the plus side, but their history has been to ALWAYS UNDERCUT the US-invested shareholder.
Retiredat42yrs offers excellent counterpoints to my suspicions, and he may have me convinced to hold for a short while. But then you have this HORRENDOUS political situation brewing where the US is now considering the possibility of sending troops into the borders of Pakistan - how will that increase our risk???????I'm always quite perplexed and anxious with this company.
Good luck!!!! whatever you decide to do. I'll probably buy a couple thousand shares this week and hold if I see a convincing buy signal. Hold that is, until the next sell signal, LOL - I know, I am very jittery with holding these shares.
I'm looking at a 2 year weekly chart. Is that an inverted H&S pattern? Left shoulder around Jul 06, Head around Jan 07, and now the right shoulder forming?
http://139.142.147.19/StockChart_ImageOnly.dll?cus=0&co=ask&i_chart=0&inm=5&ind=2&am...
I picked up a few more shares Friday. Getting close to a bottom, imo.
looks like you were right! think it may move back up after earnings are released?
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NetSol Technologies, Inc. (NTWK), a worldwide provider of global business services and enterprise application solutions, leverages its BestShoring(TM) practices and highly experienced resources to deliver high-quality, cost-effective solutions. Their suite of products and services include credit and finance portfolio management systems, hospital/healthcare information management systems (HIMS), SAP consulting and services, custom development, systems integration, and technical services.
NetSol’s commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by less than 100 companies worldwide. These distinctions are a result of adhering to rigorous quality standards, resulting in the delivery of solutions that are secure, reliable, properly planned, and meticulously executed.
Serving the global financial, healthcare, insurance, energy, and technology markets, NetSol has operations, offices, and joint ventures in Adelaide, Bangkok, Beijing, Lahore, London, Riyadh, San Francisco, and San Pedro Sula. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies.
Netsol is well positioned with its core product offerings as it continues to expand into new international market opportunities. Looking forward, the company is very optimistic of its short-term and long-term outlook as it sees strong growth in Asia Pacific as well as the South East Asian markets, while also envisioning unlimited potential for its niche solutions and services in the Americas.
Most Recent News: http://finance.yahoo.com/q/h?s=NTWK
Webcasts - Conference Calls: http://www.b2i.us/profiles/investor/fullpage.asp?f=1&BzID=897&to=cp&Nav=0&LangID=1&s=0&ID=1332
SEC Filings: http://www.b2i.us/profiles/investor/seclink.asp?BzID=897
IR Contact:
Christopher Chu | |
Grayling | |
cchu@hfgcg.com | |
Phone: | (646) 284-9426 |
Fax: | (646) 284-9494 |
Najeeb Ghauri
Chairman and Chief Executive Officer
Najeeb Ghauri is Chairman of the Board of Directors and CEO of NetSol Technologies, Inc., a worldwide provider of business solutions and enterprise application solutions. In the early years of the Company, Mr. Ghauri was responsible for restructuring the company's business model into that of an IT company and was instrumental in the completion of the NetSol Technologies IPO in 1998. He also spearheaded the successful listing of NetSol (NTWK) on the Nasdaq Capital Market (formerly known as Nasdaq Small Cap) in December 1999. At the time of its IPO, NetSol was the first IT company originated from Pakistan to be listed on Nasdaq. NetSol grew from just five people to almost 1000 in 2009 and grew from $100K revenue in 1998 to $37MN in 2008. Today, NetSol has nearly 200 customers worldwide and offices in 6 countries.
Mr. Ghauri was influential in listing NetSol's Pakistani subsidiary on the Karachi Stock Exchange (KSE). In addition, Mr. Ghauri helped establish the first US Company listed on both Nasdaq Capital Market (NASDAQ CM:NTWK) and Dubai stock exchange (NASDAQ DUBAI:NTWK).
On September 13, 2006 and again in June 25, 2008, Mr. Ghauri represented NetSol Technologies as he presided over the closing bell for the Nasdaq Exchange in New York City. He has been twice nominated in the United States for the Ernst & Young ‘Entrepreneur of the Year', once in 2001 and again in 2008.
Prior to launching NetSol in the U.S., Mr. Ghauri had over 15 years of combined marketing and management experience with Fortune 500 companies such as Unilever and Atlantic Richfield Corporation (ARCO). He received his bachelor's degree from Eastern Illinois University and earned an MBA in marketing from the Drucker School of Management at the Claremont Graduate School.
Mr. Ghauri is also active in various charitable and educational non-governmental organizations (NGOs) worldwide. He is a founding board member of the Pakistan Human Development Fund, which provides educational tools to children in underdeveloped areas of Pakistan. He is also a founding board member and Vice-Chairman of the U.S. Pakistan Business Council in Washington, D.C., a U.S. Chamber of Commerce body and the leading private sector association in the United States promoting trade and investment between the United States and Pakistan.
Boo-Ali Siddiqui
Chief Financial Officer
As Chief Financial Office and Company Secretary of NetSol Technologies Ltd., Mr. Siddiqui has managed the finances of all companies in the Asia group since 2005. Previous to this he served as Deputy Registrar of Companies for the Securities & Exchange Commission of Pakistan (SECP) and as Senior Manager, Audit and Tax, for Ehtisham & Co., Chartered Accountants.
Mr. Siddiqui holds a Bachelor of Commerce from Hailey College of Commerce, Lahore, University of The Punjab, Pakistan, is a Fellow Member of both the Institute of Chartered Secretaries & Managers (FICS) and the Pakistan Institute of Public Finance Accountants (FPA), and is an Associate Member of the Institute of Chartered Accountants of Pakistan (ACA).
Patti L. W. McGlasson
Company Secretary and Corporate Counsel
Patti L. W. McGlasson joined NetSol as Corporate Counsel in January 2004 and was elected to the position of Secretary in March 2004. Prior to joining NetSol, Ms. McGlasson practiced law at Vogt & Resnick, where she focused on corporate, securities and business transactions. Ms. McGlasson was admitted to practice in California in 1991. She received her BA in Political Science in 1987 from the University of California, San Diego and her JD and LLM in Transnational Business from the University of the Pacific, McGeorge School of Law, in 1991 and 1993, respectively.
Salim Ghauri
President, Netsol Technologies Asia Pacific Region
Salim Ghauri is the President Netsol Technologies Inc. Asia Pacific Region and founder of former named Network Solutions, Ltd. Lahore, Pakistan, a wholly-owned subsidiary of NetSol Technologies, Inc.
Before establishing NetSol Technologies, Mr. Ghauri was a successful IT consultant in Australia. His last assignment was with BHP Steel in Sydney. As a system integrator he was responsible for software and hardware solutions. His main achievement was the introduction of a PC-based network in BHP Steel. From 1988-89, Mr. Ghauri consulted with the State Rail Authority of NSW Australia for its MIS reporting.
Prior to moving to Australia, he was in Saudi Arabia, where he started his IT career at Citibank, Riyadh in 1979. After leaving Citibank, he started his first venture. Mr. Ghauri is credited with setting up the first IT-based training institute and a software house in Damam, Saudi Arabia.
Mr. Ghauri received his BS degree in Computers from the University of Punjab in Lahore.
Naeem Ghauri
President and Head Of Global Sales
As Head of Global Sales for NetSol Technologies, Mr. Ghauri is responsible for all Business Development, M&A, Account Management and Sales activities worldwide. Prior to heading the global sales organization, Naeem served as President of Netsol Technologies Inc. European Region and Global Products. Naeem Ghauri brings a wealth of IT experience in the leasing and finance industries and tremendous business management experience in international markets.
From 1994-1999, he was a senior IT consultant with various blue-chip companies in Europe. At Debis, he managed the Hercules Project, a complex and challenging project valued in excess of $70 million. It involved supervising over 200 project managers, developers, analysts and users in nine European countries.
Prior to taking on the Hercules Project, Mr. Ghauri was a senior project manager in Singapore with Mercedes. From 1983-1995, he held various assignments in Australia and the United Kingdom with Citibank and Fidelity Investments, respectively, in data processing departments. He also ran several successful business ventures in retail computers and in the real estate industry in Australia.
Imran Haider
Chief Operational Officer, NetSol Technologies North America
Imran Haider is a seasoned IT professional with proven expertise in Sales and Information Technology Management. He has been working with NetSol Technologies since 2002 and has played a vital role in the company's success in Asia Pacific region. Before joining NetSol Technologies, Imran had worked with Sayyed Engineers and Interactive Communications in roles related to system implementation, market research, and sales.
Mr. Haider is highly qualified in disciplines of Sales, Marketing, Finance and Information Technology. He completed his MBA in 1999, with focus on Marketing and Finance, from the prestigious Lahore University of Management Sciences (LUMS) Pakistan. Later he returned to LUMS and augmented his qualification with a certification in IT Management. Imran also holds a Master's Degree in Economics from University of the Punjab, Pakistan.
Prab Brinton
Vice President, Human Resources and Operations
Prab Brinton serves as Vice President of Human Resources and Operations for NetSol Technologies North America. With over 15 years of experience in Human Resources and Operations in the Technology and Financial sectors, Ms. Brinton brings a diverse level of experience to her position. Ms. Brinton's prior work experience has included Oracle, Etec Systems, First Franklin Financial, and FKI Logistex. Ms. Brinton attended San Francisco University with a concentration in the field of Human Resources.
Mike Miller
Vice President, Partner Services
Mike Miller serves as Vice President of Partner Services as part of NetSol's Global Sales organization. With his many years of experience in commercial equipment leasing, banking, systems, project management, operations, and training, Mr. Miller brings an extraordinary level of experience to his position. Mr. Miller has worked with many of the premier leasing firms in North America in his 30-plus years of experience in the fields of business operations and information technology.
His depth of experience in the world of financial services is exceeded only by the extraordinary versatility he brings to his position at NetSol Technologies North America. Mr. Miller has earned a reputation as an invaluable and committed business partner to NetSol customers.
Malea Farsai
Corporate Counsel
Malea Farsai is Corporate Counsel for NetSoI Technologies, Inc. Prior to joining the company, Ms. Farsai represented NetSol in a private law firm practice, which focused primarily on corporate, securities, intellectual property and general transactional matters. Ms. Farsai was admitted to practice in California in 1996. She received her BA in Political Science in 1992 from University of California, Irvine and her JD in 1996.
Sajjad Kirmani
Executive Vice President IT/Operations, NetSol Technologies, Ltd.
Sajjad Kirmani is the Executive Vice President and the Director for NetSol Technologies Limited. He has been associated with NetSol since May 1998. As EVP IT & Operations, he manages the operation of the company across the broad spectrum of IT products and services portfolio as well as supporting functions of human resource management, network operations and quality engineering.
Mr. Kirmani has over 22 years of professional IT experience in software development, project management and Information Systems management. Prior to joining NetSol, Mr. Kirmani worked for Coca-Cola Corporation for 6 years as Information Services Manager for their South West Asia Region spreading across 5 countries in Asia Pacific.
Mr. Kirmani holds a Master's degree in Computer Sciences from University of London with specialization in Database Management & Information Systems, along with a Master of Business Administration (MBA) degree from IBA, University of the Punjab. He is the Executive Council member of Computer Society of Pakistan Lahore Chapter and was the Vice president of Pakistan Software Houses Association (PASHA) from 2003-2004.
Shaz Khan
Senior Vice President, SAP Sales and Solutions
Shaz Khan is Senior Vice President, SAP Sales and Solutions at NetSol Technologies. He has been actively implementing SAP solutions for over 12 years with a specific focus in SAP supply chain and procurement applications, including Supplier Relationship Management (SRM), MDM, and Materials Management/Production Planning. Shaz oversees all SAP practice areas and service offerings under NetSol Technologies, including SRM, SCM, MDM and Interactive Forms, Portal, and Business Objects. He combines his extensive experience in Information Technology, Project Management, Business Process Modeling, and SAP Supply Chain consulting to lead consulting teams to deliver high-value and results-oriented SAP solutions for Fortune 1000 clients.
He began his career as a Senior Information Technology Consultant with Ernst & Young and has managed and implemented SAP supply chain, strategic sourcing and procurement, and business process reengineering projects for numerous clients in the Media, Entertainment, Chemical, Oil, and Financial Services Industries. Shaz is a certified SAP Materials Management and SAP SRM consultant and an accomplished author of two SAP configuration guides, SAP SRM Extended Classic Cookbook and SRM Advanced CCM Cookbook. Shaz received his B.A. in Computer Science and a B.A. in Economics from the University of California at Berkeley.
Mark Pellas, PMP
Senior Vice President, SAP Consulting Services
Mark Pellas is Senior Vice President, SAP Consulting Services at NetSol Technologies. Mark is responsible for managing the consulting personnel, providing tools and procedures required to support the sale and delivery of SAP solutions, and for providing guidance on project timelines and resource planning for all engagements. In addition, Mark oversees all SAP alliance partnerships and joint marketing programs for NetSol Technologies.
He has been working with SAP in various positions since 1991 and received his first exposure to SAP as an ABAP developer in R/2. He worked for SAP Australia as a Client Engagement Manager and Lead Technical Consultant managing projects for large local clients before moving to the United States in 1995. Mark brings considerable project management experience and a strong understanding of the development and project implementation methodologies instituted at Big 4 implementation partners. Mark has consulted for major Fortune 500 clients including Pacific Gas and Electric, Eveready Batteries, Caltex Petroleum, Browning Ferris Industries, LTV Steel, General Motors, Delphi Automotive, TiVo Inc, Deluxe Checks Inc, NBC Universal, Clark County, Nevada and SAP. Mark is a PMP certified professional and received his Bachelor of Applied Science from University of Tasmania and a Bachelor of Education from Tasmanian State Institute of Technology.
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