Share Name Share Symbol Market Type Share ISIN Share Description
Norcros LSE:NXR London Ordinary Share GB00BYYJL418 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 179.75p 180.00p 182.00p - - - 7,411 12:27:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 271.2 11.5 13.9 12.9 110.82

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Date Time Title Posts
13/10/201715:13Time to take a shower in Norcros shares.2,914
21/6/201619:19Norcros plc NXR144
27/2/200822:05Do they make RAIN showerheads ? !20

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Norcros Daily Update: Norcros is listed in the Construction & Materials sector of the London Stock Exchange with ticker NXR. The last closing price for Norcros was 179.75p.
Norcros has a 4 week average price of 167p and a 12 week average price of 166p.
The 1 year high share price is 185p while the 1 year low share price is currently 138p.
There are currently 61,653,134 shares in issue and the average daily traded volume is 76,815 shares. The market capitalisation of Norcros is £110,821,508.37.
shauney2: Norcros is ‘significantly undervalued’, says Numis Shares in bathroom supplier Norcros (NXR) have dipped and Numis believes investors are significantly undervaluing the business. Analyst Christen Hjorth reiterated his ‘buy’ recommendation and target price of 300p on the shares, which jumped 6.5% to 179p yesterday. ‘Norcros’; share price is down 5% year-to-date and the group now trades on a [forward] price/earnings ratio of 5.7x and dividend yield of 4.8%,’ he said. ‘We continue to believe that this significantly undervalues a business that has recorded revenue growth of 8% compound annual growth rate (CAGR) ove the last four years and profit before tax growth of 19% CAGR.’ The most recent update from the group also shows ‘that strong organic progression is being maintained, and with balance sheet optionality, we believe that incremental growth could be driven through mergers and acquisitions’, said Hjorth.
andrewbyles: A couple of weeks ago Canaccord Genuity increased their target price from 217p to 315p, observing that Norcros might be the most undervalued stock in it's sector. The share price briefly went to about 185p, but has now slipped back. It's disappointing. Might anything change anytime soon? There are three things to look out for. First, we'll get an interim management statement on Thursday morning in advance of the AGM later that day. Hopefully, it'll be positive and will lift the share price. Second, it seems Norcros is planning a big sales push across its businesses for the Autumn. For example, Triton has just undergone a rebranding and will be running television adverts from September across ITV, Channel 4 and Sky (hxxps:// Third, if previous years are a guide (they might not be if stock is increasing as part of the plan to push sales), net debt is probably in the region of £20 million and will be somewhere between the £10 and £15 million by March 31st 2018. If there isn't another acquisition soon, share buybacks or big dividend increases become likely (indeed at the AGM the directors are, at resolution 16, seeking authority to purchase up to 10% of the shares - they say that there are no plans to use the authority at the moment, but will consider using in the future if appropriate). A further acquisition or a share buy back are likely to enhance EPS (which are forecast to be 28.04p in 2018). Increases in bond yields will also help, but they've slipped back over the past couple of weeks - the yield on a 30 year bond had made it into the 1.90s, but is now back into the 1.80s (a couple of months ago it was in the 1.60s to 1.70s).
andrewbyles: FredFishcake, the share price always seems to rise strongly the week after results are announced.
walbrock82: Spooky, Norcros said the pension deficit has improved based on rising equities markets and gilt yield rising. True!. Another true fact is Norcros share price has been suppressed by rising pension deficit, so if the pension deficit were to disappear than expect Norcros shares to move above £2, provided they maintain operational performance.
kazoom: Talking of interesting share price movements in advance of results ........
betman: Final results due on Wednesday. Downward share price is worrying, is there bad news and a leak ? Or is someone manipulating the price down to buy on the cheap ?? This appears to be a reasonable buying price ( with approx. 4% YIELD ) if economies continue to grow in UK and SA. Value of the Rand is always a worry although Sterling not too hot post election. I think all political parties are keen on housebuilding so that should be positive
andrewbyles: Does anyone else wonder what happens to the share price in late trading? As has happened many times over the past months, the share price has significantly changed in the last few minutes of trading. All day the share price was in the mid-170s, but then it merely closed up a half following a small UT trade.
andrewbyles: Hello Charlie. I wrote to the Chairman directly at Norcros' head office in Wilmslow on October 4th 2016 and received a detailed letter in response on October 11th 2016. I wrote the letter out of concern that the CE's share sale was being misinterpreted by the market and pushing the share price down to a three year low. I mistakenly complained about 50% of the CE's bonus being paid in shares, suggesting that there was no point if they were just going to be sold straight away - it was a mistaken complaint because I now realise that the shares are deferred for three years (which seems to me a good way to incentivise management to act in ways that will increase the share price in the medium term). I asked the Chairman to urgently arrange for the company to issue a statement addressing the share sale before it created a greater loss of confidence in the share price. It probably didn't play any role in the trading statement that was issued a few days later, but all the same it's encouraging that management are trying to take steps to reassure the market. The Chairman seems confident that the expansion strategy will lift the share price in time and it's encouraging that sales are up, debt is falling and profits are on target. He finished the letter by offering me a meeting with him and the CE (I also own quite a lot of shares). I don't think I'll take the offer up, but his willingness to offer it shows some confidence. I think Norcros is well run (the year on year increase in profits and dividends, the significant cash generation, and the successful intergration of new businesses shows that), but I do wonder whether communications with the market could be improved.
imranawan: Loginair, I agree with your points about the NXR share price being disappointing. I've only held it for around 9 months, and its done very little in that time. I bought into Topps and sold out shortly after they issued their interims, and am kicking myself as they have risen strongly since then. I also agree that NXR appears to be undervalued, but I can't see any share price rise in the short-term. I think the catalyst in share price would be if they made an acquisition to achieve their aim of increasing revenues to £400m.
loganair: For me the NXR share price is not really that important as long as I'm not making a loss. What is important to me and matters is the dividend, as long as it rises by 5% or more then I'm very happy - and the company has reduced it's debt from the previous report.
Norcros share price data is direct from the London Stock Exchange
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