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Norcros Share Price - NXR

Share Name Share Symbol Market Type Share ISIN Share Description
Norcros LSE:NXR London Ordinary Share GB00B1Y9V062 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25 +1.23% 20.50 20.00 20.50 20.50 20.00 20.00 480,697 14:58:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Construction & Materials 222.1 11.0 1.4 14.6 125.04

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Date Time Title Posts
23/8/201517:36Time to take a shower in Norcros shares.2,477
23/7/201413:02Norcros plc NXR103
27/2/200822:05Do they make RAIN showerheads ? !20

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Norcros Top Chat Posts

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.
loganair: Over the past 3 years I am disappointed at the current share price. I used to hold Topps Tiles and sold at 56p and reinvested in NXR at 10.65p. Topps Tiles share price continued to fall to 20p and under a heavy weight of debt, there was even talk of it going under. Since then Topps share price has risen to a little over 130p while NXR to just 18p.
muckshifter: loganair, Perhaps they would have had a rights issue if their share price hadn't been currently "fighting" against Schroder's steady disposal of 21 million shares in 4.5 months, with another 64 million potentially still to go. It may well be that Schroders sell out completely, and that might take another year at the same rate of sales. This would have put NXR in the position of having to do a low priced share issue whereas in perhaps 18 months time the issue could be at a sharply higher price. Bit of a dilemma in a situation where the moment is right for someone to sell out to them, but with interest rates as low as they are, and a lowish share rating with quite a high dividend / share payout to maintain, I can see why they might wait. Regards.
dangreen86: Hi all, having held NXR in the past I bought back in at the end of January as they appeared to be good value and I like the product offering. I have some concerns over the pension deficit and wondered if anyone has an opinion on this? As gilt & bond yields are so low at the moment which translates to a lower discount rate for pension schemes, and therefore present value of liabilities increasing, do you think this will have an adverse effect on the share price when results are released? Is this what is holding back the share price? If a low rates environment persists, will the annual overpayment of £2mm have to be increased when it is reviewed?
amencorner: Good to see a slight Norcros this morning; hopefully the start of an incline as we head towards the year end results on the 18th June. In my mind NXR is a very undervalued business and hence an opportunity for us investors. Possibly now the stick overhang may be clearing we may see some positive movement over the next few months but to aid this I do feel that the directors at NXR need to portray their news in the best possible light for the business. Note I do not mean tell anything untruthful but simply put the positive stuff up front rather than bury it away 10 paragraphs down! Incidentally for those who have an interest in stock ranks; used by Stockopedia and a tremendous tool in my view to offer an edge, the current ranks are very attractive indeed. Let’s hope the results can put a touch more momentum into the share price.
rivaldo: The basic salaries are not too bad imo for a £125m m/cap company. The packages are bumped up by the bonuses and long-term incentives and are toppy. But if the company continues to do well, including turning around retail, and makes further transformational acquisitions, then the share price will be materially ahead of where it is now. In which case the long-term incentives when they crystallise will be well worth it. Certainly there's no comparison AFAICS to the likes of VLK. Of more concern to me is Kelsall's share sale in July. He still has a large stake of 8m shares in the company, so I'm prepared to give the benefit of the doubt. For the moment.
andrewbyles: It often used to seem as though when the market went up Norcros remained unchanged, and went the market went down Norcros went down twice as much. Seeing the share price go up three days in a row whilst the market has been falling is a welcome change. I wonder whether it's because Norcros still looks cheap compared with the rest of the market - trading on a forward p/e of less than 10, whilst the market's averaging about 15.
paulypilot: Simon, I agree, 30p is a sensible price target - indeed, that has been Numis's price target for some time. There are clearly more acquisition deals in the pipeline, hopefully not the waste water pipeline lol, so I could see forward EPS rising to 3p+ If that happens, then it's almost bound to drag the share price up to c.30p, but it depends on whether the selling overhang stops, or is taken out. So that could delay things, we'll just have to wait & see. I'm happy collecting in the divis though, whilst we wait. Regards, Paul.
hatter2: Well DbD that bit of news did not stick the share price; dribbled down a little more today, I wait and hope and wait and hope; will the share price ever head north again? Still decent enough divy to help us along.

Norcros Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
UT 7,392 20.50 01 Sep 2015 16:35:14 GBX

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