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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Nmcn Plc | LSE:NMCN | London | Ordinary Share | GB0006452857 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 117.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 117.50 | GBX |
Nmcn (NMCN) Share Charts1 Year Nmcn Chart |
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1 Month Nmcn Chart |
Intraday Nmcn Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/1/2022 | 15:17 | NMCN (previously North Midland Construction) | 616 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 07/10/2021 15:45 by turbocharge 7 October 2021Acquisition of nmcn's Water business from nmcn plc (in administration) ("nmcn") and nmcn Sustainable Solutions Limited (in administration) The Board of Galliford Try is pleased to announce that it has agreed to acquire substantially all of nmcn's Water business including the specialist water process and control businesses Nomenca and Lintott (together, "nmcn Water" or the "Water Business") for an aggregate consideration of £1.0 million in cash (the "Transaction"). |
Posted at 05/10/2021 11:49 by squeamish1 A brutal industry that takes no prisoners. As soon as you look even slightly weak people stop paying you, stop giving you trade credit, which makes you weaker still. Not that NMCN wasn't apparently doomed anyway but that must have been the final straw.I got sucked in by the water story and the cash on the balance sheet, lost 30% but managed to get out with some dignity after initially failing to read the writing that was on the wall when Homer and Taylor left under clouds. An expensive lesson for sure. Sorry to any holders remaining, in my view you have been victims of fraud. |
Posted at 04/10/2021 13:01 by cc2014 NMCN in administration. Shareholders wiped out. I cannot work out what happens to Svella's bridging loan and whether that is forfeit.Sorry for all holding this share. |
Posted at 04/10/2021 12:22 by nutkinlemanse hxxps://www.construc |
Posted at 21/6/2021 10:10 by eezymunny "CC2014 - 08 Apr 2019 - 12:02:21 - 253 of 564 NMCN (previously North Midland Construction) - NMCN£50m market cap. £33m in the bank, £20m of property, plant and equipment and no debts and no pension fund deficit. Didn't think I'd ever see this price again! Off for a walk now. I look forward to the share price being repaired when I get back in a couple of hours." Don´t worry CC, you´ve never understood NMCN properly IMO! |
Posted at 21/6/2021 09:13 by cc2014 On reflection I still don't get it either.10m shares in issue at buy price of £1.90 = £19m. 10m shares have the right to buy in the OO 25m shares at £0.20 So, average 10*1.90 + 25*0.20 = 24/35 = 68.5p if you buy now But I'm pretty much prepared to bet that after everything is done NMCN new share price will settle at 20-25p. Maybe 30p. Surely not as high as 68p? I guess the argument is that you are buying into Tinkler with a track record (which you may see as good or bad, there's alot to go over, possibly some synergies with other things he's involve with). But on the other hand Tinkler is buying it at less at 20p as the £10m bridging loan he's getting 62m (not 50m) shares which I make a huge amount of interest for 2 months. And then there's the "is £24m enough to sort out their cashflow or will they need more?). I do get the argument that buying 1 share entitles you to maybe get more than your fair share at 20p but looking at how many small trades have been going through it looks like lots of people have that thought process which will dilute the opportunity. I'm sorry that's all I can offer. The share price doesn't look right to me. And all this to buy into a company which will make a loss again this year, presumably has now a terrible reputation with its suppliers and a questionable one with it's customers. Something is not right. the share price trended towards £2 in the week before this announcement as the insiders had knowledge, but they and the rest of the market seem to have come to a completely different conclusion to me. I'll take my chance and see if I can buy near 20p post offer and if I don't understand and miss out, there are 2000 other shares in the UK for me to look at. Edit: but NMCN will have more assets after all this, through the cash injection. Tinkler is effectively buying most of the company for a £10m loan and £7.5m of equity. Tbh I'm not sure why. £17.5m for something that hasn't made a profit in 5 years, can't count and we can only guess the profitablity going forward seems a bit rich to me. These deals though, the investor rarely loses. They can pay themselves what they want, vote for whatever they want, load it up with debt, all the usual stuff. If I was him I'd want to be sure that there was underlying profit in the long term contracts and we don't have access to that kind of information. All imho, DYOR etc. because i have no idea why the share price is 190p and nor it seems did the MM's first thing as they expected it to open lower. |
Posted at 21/6/2021 08:34 by cc2014 100m shares currently in issue. 25m new shares available through OO.if you take up your full rights then your new average share price is 1*1.76+0.25*.2/1.25= Clearly I've missed something. Any thoughts? Edit: got it. 10m shares in issue not 100m |
Posted at 17/6/2021 09:25 by cc2014 The very strange bounce off 150p suggests insider information to me. Like someone has knows the financing deal is going ahead or perhaps someone is looking at taking them over.I find it unlikely anyone would buy £20k of stock at 194p without a good reason when they could have paid far less a few days ago. Unless of course the 10k buy at 165p was theirs as well. We are seeing a trickle of buys again this morning on top of the last couple of days. Perhaps this is just one MM cross trading with the others to flatten their book from the 194p buy or FOMO but it all seems a bit odd. Odd because as I said last night, how much is a company worth that never makes any money and indeed as early as June says it won't make any this year either. I am left with either a) it's someone shorting who has just got fried as the share price turned on a sixpence or b) there's a bunch of people with inside information who see a successful refancing as good for the share price as they have not considered how much the interest will impact on the profitability or c) My analysis is based on fundamentals and the market doesn't care about fundamentals any longer. |
Posted at 07/6/2021 11:08 by cc2014 I followed his trades at the time and he paid roughly between about 125p and 350p a share. I would guess his average is below 250p, but not lower than 200p. It's a bit hard to tell as I know he got a significant number under 200p. He will have had some dividends along the way too.If he's selling out it's going to take forever. I know as I sold mine last year. I started with 41k shares and dripped then into the market. I was more or less the only seller and it took me 6 weeks, 40 trades and during the process the share price fell 15% I don't know why he's selling any more than anyone else, but one of the on-line news mags report NMCN are looking for £50m loan. At say 8% that's going to cost them £4m a year. When you look at the underlying profit over the last 5 years it is probably negative after the £25m loss. Would you lend at 8% in these circumstances? I wouldn't. I'd want say 12% and then the interest bill is £6m a year and the numbers don't add up. What they need is a cheap Covid loan of some type. I don't know how feasible that is. Because they need £50m as the supply chain has lost confidence. If it was BAU they'd need maybe only need £20m which would be do-able. |
Posted at 28/5/2021 11:20 by cc2014 Nmcn secured an initial round of refinancing last month worth £21.2m.It is still in talks with under lenders about a larger deal – which the Enquirer understands is worth around £50m. Would you lend them £50m? They look like toast to me. Not much to think about until the share price gets to 50p |
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