||EPS - Basic
||Market Cap (m)
|chrisdgb: Back to Norcon, despite the lack of share price movement, trading should be good, come on company let us know about it..!!|
|hezza123: At 28-30p, the share price will still be assigning zero value to the business.
From the recent interims: "We are starting to see the benefits expected from our investment into and implementation of a diversification plan and remain fully committed to continue executing on this."|
|bogotatrader: doobster...was a big buy with another director buy a month ago......directors confident the share price is going higher.....|
|penpont: I suppose a few of us were expecting slightly better today? It looks like aquisition news is really needed, followed by a better second half performance, to get this moving again.
UPDATE: Norcon 1H Pretax Pft Up 6%; Eyes Southeast Asia Buys
(Adds executive comments, analyst comment and share price.)
By Rachael Gormley
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--Project management and outsourcing company Norcon PLC (NCON.LN) Wednesday said it was eyeing potential acquisitions in Southeast Asia after telecoms and information technology contracts from the region and the Middle East helped the company to post a 6% rise in first-half pretax profit.
Chief Executive Arnold Rorholt said the company was currently looking at one or two acquisition possibilities, with Southeast Asia a particular area of interest.
"We're looking to expand our client base and our geographical spread," he told Dow Jones Newswires.
The company also plans to expand into the Indian and South African markets, but said this expansion would be done organically and not via acquisitions.
For the six months ended June 30, the Cyprus-headquartered company posted pretax profit of $5.2 million, compared with $4.9 million a year earlier.
Revenue increased to $37.4 million, compared with $35.1 million.
FinnCap analyst Charles Pick said although Norcon's shares have enjoyed a mini rally of late, a case can still be made for a target price of 100 pence.
At 1057 GMT, shares were down 2 pence, or 2.4%, at 82.5 pence, compared to a rise of 0.3% on the wider AIM market|
|bimble: Why doesn't this share price move? It is operating in parts of the world where the recession has yet to bite and its income is in dollar linked currencies. This hasn't shown in the accounts to date but next year will show an increase of 25% just on currency movement.|
Norcon share price data is direct from the London Stock Exchange