|Hi Mas, thanks. Shame it's not a bit higher really, thought it might be.
Have taken a starter position today. Will hope to increase.|
|Overall short positions have double to 2.85% over the past 2 months. That's a potential 7.9m shares required for redemption and it looks as though some closing may have been taking place today with a trading volume over 1m.
|Does anyone know the short figures?
Can we expect a squeeze?|
|EOD close above 209 confirms DB. TP = min 226|
|A nice 500,000 share buy at 210p just reported.|
|Yep, looking good. Back to 250p for starters.|
|On turn me thinks..|
|ILF... LOL! Nope... but twitter has many eyes and ears and is full of long memories and vested interests! If you hope to become a major company and hope to win major USA contracts... possibly even government ones... for the head honcho to potentially make an enemy of someone who conceivably could have a detrimental impact on that... is the mark of a complete idiot whichever way you look at it and regardless of what personal opinions might be held! Keith Hennessey, director of the National Economic Council under Bush, warned about the impact of Trump's approach to business and trade, which he said could do "long-run economic harm to the U.S.""When a politician rewards his business friends and punishes his business enemies it's called crony capitalism," Hennessey wrote in a blog on his personal website Monday."It creates incentives for other business leaders to spend their time and money trying to get similar political access with elected officials," Hennessey added. "And a firm leader now knows it can initiate a negotiation with the Trump Administration simply by threatening to outsource jobs."In his blog, Hennessey urged Trump to stop "trying to tell individual American business leaders how to run their companies." He said his criticism was aimed at Trump's maneuvers involving Carrier, Rexnord and tariffs, but said he did not want to comment on Boeing.Mankiw, the former Bush economic adviser, said that targeting individual companies runs contrary to "equal protection of the law, which is a fundamental principle of fairness," violating founder John Adams's contention that the United States should be a nation of laws and not men.Beyond using the power of the presidency to intimidate in unpredictable and unfair ways, no individual could efficiently manage the economy, company by company, said Mankiw, who indicated before the election that he did not plan to vote for Trump."When a chief exec is making individual calls to individual companies, he's in some sense acting like a central planner," Mankiw said. "We have a lot of history under communism that suggests it doesn't work well in practice, and that's the direction you're heading in as the president starts to weigh in on individual business decisions."|
|Dontay - you really think Trump and his team spend there time looking at tweets from every executive from every Company, including small cap UK stocks? Rob's entitled to his opinion (I'm sure many share it) but the ramifications of a tweet like that are precisely zero in my opinion. Let's move onto more fundamental issues...|
|200 is being a tough ceiling; maybe tomorrow|
|Does seem that a base has been reached, or a seller is now out.
This presentation in Parliament from 2 days ago is indicative of NCC's reach and influence:
"STEPHEN Metcalfe, MP for South Basildon and East Thurrock, attended a reception in Parliament hosted by cyber security expert NCC Group, to discuss the importance of cyber security and how to stay safe online.
NCC Group is a trusted advisor to more than 15,000 clients worldwide and provides cyber security and risk mitigation services to critical national infrastructure suppliers, as well as Government departments.
It also provided the cyber expertise for the recent Channel 4 programme Hunted, in which a group of volunteer “fugitives” went on the run to explore themes of online privacy and security.
Following the publication of the Government’s own cyber security strategy, Mr Metcalfe was given a demonstration of the work NCC Group currently carries out. He also discussed the present cyber landscape and the current challenges facing central and local government in keeping the public safe.
As part of the event, NCC Group conducted an ‘open source intelligence’ demonstration and its team of experts were able to provide a profile of a number of the attendees by collating and triangulating information that was in the public domain. This is often the first step for cyber criminals to target individuals in phishing emails.
|Certainly looks like one of those bots has been switched to buy ;) still small bizarre small trades manipulating the price movement!|
|dontay, only your 2nd post about twitter comments and 4th about FD resignation. Was trying to be diplomatic, although have come to the conclusion that you're just a plain numpty.|
|Dontay,If a board member resigns his job to move elsewhere, it is perfectly normal for them to leave the Board immediately, but continue working their day job throughout the notice period. This is to ensure they are removed from strategic discussions and decision-making.That it what has happened here.(ED = EC on mobile)|
|ILF... good constructive comments! Far better than most of the pumpers I have seen so far on this board! I will disagree with you over one subject tho! Given NCC would like to expand their USA business... the CEO's twitter comments about Trump being elected as President doesn't fill me with confidence about his levels of complete idiocy! "What is happening to the world? Have we lost all sense? Politics & common sense have finally left the building! A dark day !!!!Really great public comments to make on twitter... especially as Trump is a known businessman and known for loving spending his time on twitter! Effortless... he resigned from his duties on the BOD with immediate effect. The fact that he's on the the companies employee register until February is meaningless!|
|Dontay, everyone is entitled to their opinion, but when you post the same information over and over again, it gets a quite tiring repetitive and its uninformative.|
|The CFO resigned "with immediate effect" and is working six months notice ending 3 February 2017.
So he clearly was not sacked.
They are no doubt recruiting for his successor now; perhaps that individual is currently working out his/her own notice. They won't be announced until their arrival is certain, so unlikely to be this year and could, because of their own notice obligations, be after the incumbent leaves.|
There are a lot of open questions. The Hambro fundie has forked out hard cash, he could be mistaken, too early or on the money.|
|simon gordon... thing is, how is the profit margin doing, is there going to be profit warning in January, why wasn't a reason given for the FD resignation from the bod with "immediate effect" was the he in fact relieved of his duties with immediate effect and sacked from the bod? why haven't they appointed a replacement after all this time.... who to believe?While revenue in the trading period exceeded expectations in Assurance, Escrow was below target and excluding currency the growth was around 1%," Canaccord said."We believe Assurance revenue was driven by lower margin product reselling. With the dollar appreciating versus sterling post Brexit, US security products are now priced higher and potentially squeezing reseller margins."Canaccord said it was "sceptical" of management's expectation that profitability will recover in the second half and that it will achieve full year profit targets.The broker said contract renewal issues for Accumuli contracts will result in a delay in revenue recognition and a higher cost of delivery.Canaccord has lowered its earnings forecast by 16% in fiscal year 2017 and 7% in 2018 and applied a reduced 18x profit multiple to the Assurance business versus 22x previously."Besides earnings expectations, we highlight the importance of monitoring free cash flow, which has shown a declining trend in the last couple of years," the broker said."This should improve going forward following the closure of Domain Services but should remain an area of focus for investors."|
|What Investment - 5/12/16:
Mark Costar, who runs the JO Hambro UK Growth fund, has been buying shares in UK Tech stock NCC Group as the shares have fallen by a third in a year.
The JO Hambro UK Growth fund has returned 83 per cent over the past five years, compared to 59 per cent for the average fund in the IA UK All Companies sector in the same time period.
NCC Group’s shares have fallen from £284.50 to £1.88 over the past year. The bulk of that fall came on October 19, when the company delivered a disappointing update to the market.
Costar commented, ‘A confluence of contract delays, all unrelated but nevertheless unwelcome, was not taken too kindly by the market given the recent strong performance of the shares and the attendant expectations that had started to be built into the price. As frustrating as this was, now the dust has settled it is very much our view that the shares have appreciably overreacted and we have added considerably to our position.’
He continued, ‘NCC is the one of the largest, if the not the largest, independent cybersecurity consultants in the world. Cybersecurity has gone from being an IT decision to a boardroom decision and is exhibiting enormous underlying growth. NCC has world class capabilities in ethical hacking, threat detection and analytics, not to mention an enviable position in automotive cybersecurity, where it works with more than 90% of the global car manufacturers. As such, the business has considerable strategic value. Moreover, with a strong balance sheet, a cash generative core in its escrow business, and run by a proven management team that has a long-term approach and owns considerable equity in the business, we believe the business has a tremendous future. At this valuation, we believe the shares are materially mispricing these attributes and have acted accordingly.’|
|I had been watching this one for a good while and waiting for a good moment to buy in but in the end stayed out. I got lucky through my indecision so avoided the consequences of the profit warning.
I think it always takes time to get over a profit warning, so I am going to wait for evidence that it is back on track before considering buying in. I might make more by buying now, but I think the risk is too high, because as someone else has said, we may not yet have seen all of the problems.|
|No answer then to my question above.
My own conclusion is that instituts buy small tranches to build up a chunk discretely. They have to issue an RNS of course when their holding go over 3% etc. Quite why the share price gains when the large number of small sales outwieghs the buys is beyond me though - dyor!|
|Disappointing to have dropped out of the FTSE 250.
I guess it will take a reassuring update to turn things around.|