Ncc Share Discussion Threads

[kaka47] 04/1/2017 08:37

FALANX (FLX) cyber security Market cap of just £9 million for a rapidly growing Managed Cyber security business on the verge of profitability some industry veterans and big hitters have recently joined the company to turbo charge growth recently won first FTSE 100 client more contracts to come.

[masurenguy] 04/1/2017 07:19

RNS Number : 2520T
04 January 2017
NCC Group

Sale of Open Registry group of companies

Open Registry group of companies sold for total consideration of €3.75m

NCC Group plc (LSE: NCC or "the Group"), the independent global cyber security and risk mitigation expert, has sold the Open Registry group of companies.The Open Registry group of companies comprises Open Registry SA, ClearingHouse for Intellectual Property SA, Nexperteam CVBA and Sensirius CVBA. These have been sold to KeyDrive SA and Terrain.com SA for a combined total consideration of €3.75m (subject to customary closing adjustments). €2m of the total consideration was paid in cash at completion with €1.75m deferred for 18 months. The deferred consideration attracts interest.

From the 2015 results report published in July:
"Domain Services - the Division was established in May 2012 in California, but has now been wound down due to the slow take up of the new domains and the lack of awareness of customers and businesses about the changes in the domain world. The division was set up to develop the critical infrastructure and know-how to create a universal environment for end users to operate and navigate the Internet with complete safety and security. In January 2015, the Group acquired Open Registry to provide the technical know-how and software to operate as a secure registry and registrar in order to offer a complete end to end service for all of a client's ICANN related and domain requirements. Domain Services accounted for less than 2% (2015: 4%) of Group revenues. The domain, .trust and associated capital assets valued at £4.2m continue to be used elsewhere in the Group and have not been written down in value. Impairment and other charges for the remainder of the Division are shown in the Exceptional items section below."

[tsmith2] 03/1/2017 09:29

good to see some positive commentary..looking forward to update

[seans66] 01/1/2017 21:47

Simon Duke, who tipped NCC for share tip for 2017 in The Sunday Times today, was the papers most successful tipster with his 2016 share pick of Imagination Tech - which rose 89%. The guy knows his stuff, so here's hoping he has another good year.

[adamb1978] 01/1/2017 11:24

Thanks. I don't subscribe - can you mention the n

[masurenguy] 01/1/2017 09:29

Tipped in The Times today as one of their share picks for 2017.

NCC.............should be well placed to advise clients on forthcoming changes to European data protection rules, which will impose hefty fines on corporations judged to have been cavalier with customer information. NCC is expected to deliver pre-tax profits of about £36m on revenue of £256m, according to joint house broker Jefferies. Its shares are trading on a ratio of about 17 times projected earnings, relatively cheap for the tech industry.........After a trading update last month, Cotton and NCC’s chairman snapped up more than £300,000 of stock. A very public vote of confidence.

Complete article here:

[simon gordon] 28/12/2016 07:53

There's that old saw:

"Turnover is vanity, profit is sanity but cash is reality."

[rivaldo] 28/12/2016 07:35

"Jefferies backs NCC despite downgrades

IT and support services group NCC (NCC) has significantly downgraded its 2017 guidance but Jefferies says the dynamics of the firm ‘still remain attractive’.

Analyst Milan Radia retailed his ‘buy’ recommendation but reduced the target price from 320p to 270p. The shares fell 7.1% to 190.2p yesterday.

‘NCC’s H1 2017 estimated trading update to end of November seeks to provide the quantifications that the market was seeking at the time of the October profit warning,’ said Radia.

‘Revenue growth remains strong – indeed, we are upgrading full-year 2017 estimated revenue by 2% - but profitability has been considerably impacted by the loss of particularly high-margin contracts. Critically there are no structural issues here and cyber sector dynamics remain attractive.’

He added that overall the trading performance ‘remains solid’ and ‘headline revenue growth was 35%’"

[adamb1978] 26/12/2016 17:01

Hello

I've had these on my watch list since I took the cash from when, holding Accumuli, my shares were stolen from me by NCC (purchase price was too low in my view).

However I've held off buying in given the lofty PE. Now the PE is back in the teens, I've had a look at the figures again - the recent warnings don't concern me however margins are on a general trend downwards. Clean EBIT margin of 23.5% in FY14 and they'll end up somewhere around 15% I think for the current year. Does anyone who know the company better have a view on where these will bottom out? These declines eat massively into profits.
Thanks

Adam

[rivaldo] 23/12/2016 10:17

Nice move up today. Time for the turn upwards perhaps.

[salpara111] 22/12/2016 09:39

well it appears to have reached a bottom but I am not going to buy back my stake until I hear what they have to say in January.
It will take years of good delivery to get the share price back above 300p again.

[rivaldo] 21/12/2016 10:09

FWIW a positive opinion here from last week not posted here before:



Conclusion:

"In the case of NCC Group (LON:NCC), today’s profits warning regarding the core IT assurance division is not one which would fill the hearts of its fans with joy. However, there are profits warnings and there are disasters, and this is nowhere near the latter. Forward orders are up, revenues are up 35% and group adjusted EBITDA is also heading in the right direction.

Perhaps just as importantly, it can be seen from the daily chart how the stock had already halved from the beginning of October. If you factor in the fact that today has delivered a hammer candle on the daily chart – indicative of a bear trap – one might consider this a bottom fishing situation.

As little as an end of day close above the 10 day moving average at 194p could be enough to target the 50 day moving average at 230p over the following month."

[smokybenchod] 21/12/2016 08:33

Once all acquisitions (inc VSR and PSC) are fully integrated, there will be significant cross selling opportunities for existing global client base to drive bottom line IMO. Patience is required on this one. DYOR

[ilovefrogs] 21/12/2016 08:14

Me too Geovest. Even in worst case scenario that this management is unable to execute, there will be another management (or more likely company) who will. Underlying growth dynamics make this an attractive morsel indeed.

[seans66] 20/12/2016 21:48

GeovestTotally concur with your analysis.

[dontay] 20/12/2016 16:55

I would expect it to stay around these levels until the near the next results new due19th January. But IMO the management is very poor and it will depend very much on fund manager sentiment. It's not surprising Aviva are taking a big loss on the chin and bailing out. The Domain issues must have eaten up well in excess of £20m in profits. Now PBT is already well down from forecast... and for next year is probably going to drop to the mid thirties. The big fund managers are going to want to know what strategy the management have for addressing the continuing deteriorating profit margin... other than continuing in buying low margin boutique type consultancies!The failure to indicate they even have a strategy to address the problems was IMO the big omission in this last update, I for one was expecting to see so much more than this.Also FoxIT is a worry... have they made a huge mistake in buying this concern? Why is it not able to contribute to earnings until 2018? Why have NCC not at least said that it will be earnings neutral? Is that because it will be earnings negative and be a further drain on cash resources? Are they in fact just giving themselves a couple of years to try to turn it around? There are too many unanswered questions and the lack of visibility for the next 12 months needs to be addressed. ILoveFrogs quite rightly said... you would have to be complete idiots to not make a success of this... IMO so far they are NOT making a success of it... and so far they are proving him right!

[blueball] 20/12/2016 13:57

Will it fall sub 170p today.

[dontay] 19/12/2016 23:34

It's not a sale notification. The Aviva notification is for the loaning out of 5,028,532 shares.

[tsmith2] 19/12/2016 10:25

More than decent directors buys recently too

[tsmith2] 19/12/2016 10:21

Yes..hopefully not much to go now

[shalder] 19/12/2016 09:47

As discussed, more selling from Aviva funds has again clearly been a factor in price weakness.

[smokybenchod] 17/12/2016 13:33

I dont disagree with it, although I didnt hear anyone including him saying sell at £3? All the 'experts' were saying buy. Its always easy to reconfirm facts and figures after the event - he could have made the same observations at £3 and then advised sell but he didnt - this was my own judgement. As for dontay, thanks goodness I found the filter button.

[simon gordon] 17/12/2016 13:18

Oakley is not being wise after the event, he's had a look to see if there is value and a potential rerating, based on cash flow and ROCE the answer is no and he reckons the forecast for 2018 will rebased lower at some point which means the shares are unlikely to rerate higher for now.

That's just a view, you disagree with it, I thinking it's worth thinking about, that's the market.

Dontay has stated a few times recently that there would be another warning and he's been on the money.

[smokybenchod] 17/12/2016 12:58

I dont listen to mugs being clever after the event or clowns that keep repeating the same thing over and over again. I sold out at £3 for a £15k profit before the warning and now im back at just over £2. Not denying they have problems but Im long here an imo this will come good eventually as Ive done my own research. Dyor.