Northcoders Share Discussion Threads

[solarno lopez] 25/4/2023 07:41

Results out

[solarno lopez] 07/2/2023 07:57

Acquisition

[vatacarma] 14/12/2022 08:08

New Contract

[solarno lopez] 20/9/2022 07:28

Results out

[solarno lopez] 31/8/2022 08:42

Results will be announced 20 September

[c3479z] 17/8/2022 18:00

radio 4 lunchtime comment wage spiral for software tech know how, simply not enough software experts in the country.

[solarno lopez] 19/7/2022 10:55

Trading update

[petewy] 02/5/2022 12:28

I am working on Yahoo Finance website and this company's adverts are cropping up on every page....

[fillipe] 04/2/2022 10:18

CODE - flying high today!

f

[fillipe] 31/1/2022 09:54

Tole, thank you for the above link and I certainly agree with their target price.

However, I don't understand the comment in very final part of their note with the mention of " before they get anywhere close to their Admission price."

I would be grateful for any view on that mention, thanks.

f

[tole] 29/1/2022 08:21

https://masterinvestor.co.uk/equities/northcoders-group-my-price-aim-is-higher-than-its-brokers/

[fillipe] 23/11/2021 10:07

74tom ... "Exciting times ahead" - yes indeed!
f

[74tom] 11/11/2021 09:44

Nice one filipe, I think it has to go down as the most under the radar IPO of 2021. As you say the ticker is fantastic and they have a distinctive name, both really important fundamentals.

I just can't believe how tight the float is now, it'll be a struggle for a new buyer to get 5000 shares nevermind a more significant position... And with the market cap at just £15.5m, who's going to be selling?

When I bought in I used Wey Eduction as a guide to what Northcoders could be valued at a few years down the line. They were acquired by Inspired Eduction for £70.4m in April 21 ;

Some extracts from that RNS;

"Wey Education employed 141 employees on average in the year ended 31 August 2020, had annual turnover of £8.4 million and made a profit before tax of £0.5 million."

"At the time of the trading update, being 13 January 2021, the market expectations the Wey Education Board were referring to were those of the forecasts included in the equity research note published by WH Ireland on 10 November 2020 ("Equity Research Note"). In this research note, the equity analyst forecasted for the year ended 31 August 2021 adjusted profit before tax of £1.3 million."

If Wey went for £70.4m then surely CODE looks very cheap at it's current level, particularly as we are already profitable... a future expansion with sites in Birmingham, Newcastle, Sheffield & Nottingham to add to those in Manchester & Leeds should boost revenue further. No reason to think that won't be followed by Liverpool, Edinburgh, Glasgow etc etc.

Exciting times ahead!

[fillipe] 09/11/2021 11:28

I'm delighted to have bought CODE in July of this year.

Great to see the "CODE" ticker was got by Northcoders ....a stroke of genius there.
Similarly the "Northcoders" title ... another tick-up for the geographical North!

Shares were freely available to buy at the time and I should have taken more last July.
This one's a long term hold for me as I see the future will bear much success for the business and its shareholders.

f

[74tom] 08/11/2021 10:15

"In an exclusive interview with BusinessLive, Northcoders founder and CEO Chris Hill revealed plans to double the number of staff and expand further across the UK.

Mr Hill established Northcoders in 2015 after previously working at the likes of Sky, Zen Exchange and CrowdMission.

The software coding training programmes provider recently celebrated the graduation of its 900th course member and plans are in place to open new hubs in Birmingham, Newcastle, Nottingham and Sheffield in the coming months.

The company is also expected to double its headcount by this time next year and it has already hired about 20 people in the last couple of months."

[74tom] 27/10/2021 17:06

More news this afternoon, with two directors selling a small part of their holdings to satisfy demand. Given an individual investor RNS'd a significant shareholding of 4.27% minutes earlier, it's safe to assume they bought them. It also reduces the apparent free float down to a barely believable 5.5%, no surprise it's been NT for more than 200 shares all day.

Clearly most of the market is sleeping on Northcoders, however with the tiny number of shares available + insider & II parties holding them combined with the very positive sentiment around the company (check out LinkedIn) I wouldn't be surprised to see this really start to re-rate to a more appropriate valuation.

[74tom] 26/10/2021 21:42

Another nice piece of news released yesterday;



Frazer Robinson, head of talent at BJSS, said: “BJSS is committed to supporting the local communities we work in, and this partnership with Northcoders is an effective way of doing just that.

“The UK faces a very real digital skills shortage which affects all organisations, from SMEs and start-ups to PLCs. Our aim with this initiative is to directly help local firms gear up for the future by giving their teams the skills they need to grow and prosper.

“The last 18 months has been a challenging period for everyone – we believe these funded places will add real value as we emerge from the pandemic.”

Amy Wild, chief commercial officer at Northcoders, added: “Northcoders is all about community, so we are delighted to be partnering with BJSS. The team’s decision to use their apprenticeship levy-transfer in this way will directly help small local businesses – which is fantastic.

“There are no exclusions or specific application criteria which means this is an opportunity that firms can grab with both hands.”

I think this a cracking company, profitable with high gross margins and adding real value to the country & economy. £3m of net cash and a market cap of just £14m.

[74tom] 25/10/2021 09:25

Northcoders Group plc, an independent provider of training programmes for software coding, is delighted to announce its proposed admission to trading on AIM (the "Admission") and placing and subscription, conditional on Admission (the "Fundraising"), of 1,944,444 new ordinary shares of one penny each ("Ordinary Shares"), at a price of 180 pence per share (the "Placing Price").

The Fundraising will raise a total of £3.5 million (before expenses). WH Ireland Limited ("WH Ireland") and Peterhouse Capital Limited ("Peterhouse") have acted as joint placing agents. WH Ireland is acting as Nominated Advisor and Broker to the Company.

Admission and commencement of dealings on AIM are expected to take place at 8 a.m. on 27 July 2021, under the ticker CODE. Based on the Placing Price, the market capitalisation of the Company will be £12.5 million on Admission. On Admission, the Company will have 6,944,445 Ordinary Shares in issue and a free float of approximately 29.6 per cent.

Admission Document :

Significant Shareholders (From admission doc & website)

Christopher David Hill 1,523,668 21.94%
David Geraint Llewellyn 1,239,444 17.8%
Amul Batra 969,000 13.95%
Amati Global Investors 1,000,000 14.4%
Stephen Nigel Hill 519,444 7.5%
Anil Batra 500,000 7.2%
Vela Technologies plc 416,667 6.0%
Tom St John Harrison Walton 296,322 4.27%
Jude Nottingham 50,000 0.7%
Janet Hill 41,667 0.6%
Sandra ("Sandy") Lindsay 5,000 0.1%

Total Shares held by above 11 shareholders : 6,561,211

Total Shares in issue : 6,944,445

Estimated remaining float : ~383,234 5.51%

Website :

Investor Site :

[marquis] 08/1/2003 15:40

stigmondo - 08 Jan'03 - 15:31 - 14 of 14

Thanks for your comments and the information.

[stigmondo] 08/1/2003 15:31

marquis
petercoc list is for trade types and i'm not sure where he got that but there is a guide on the rns site (the stock exchange's version)

as for all previous posts on trade 'identifiers' - the ones you see on this site and others - are, as stated, randomly generated. my guess is that the robert baird identifiers will be part of those messages that get transmitted within crest as part of the settlemnet process. and the final transaction transmitted to a company's registrars by crest will contain those and other details.

[marquis] 08/1/2003 15:12

Petercoc - 08 Jan'03 - 15:05 - 12 of 12

Thanks, but where have you found these?

[petercoc] 08/1/2003 15:05

anyone recognise this?

London Stock Exchange Transaction Codes

F Automated Input Facility
A Automatic Trade (Volume. Last. High. Low)
B Broker to Broker (Volume. Last)
C Bargain Condition (Volume. Last)
Y Contra Trade
D Delayed Trade (Volume. Last. High. Low)
K Block Trade (Volume. Last)
L Late Trade
'c' Late Trade Correction
M Market Maker to Market Maker
N Non- Protected Portfolio
'n' Not to Mark
'r' Non Risk Trade (Volume. Last)
P Protected Portfolio (Volume. Last)

'p' Protection is Applied (Volume. Last)
Z Worked Principal Portfolio Notification
0 Overnight Trade
X Cross at Same Time
W Worked Principle Trade
'w' Worked Principle Notification
Q Volume Weighted Average Price (Volume. Last)
V Converted Price (Volume. Last)
's' Test Security
'k' Single Protected Transaction (Volume. Last)
S Stockswap
't' Risk Trade (Volume. Last)
'o' Result of Options (Volume)
R Riskless Principle at Different Prices

[marquis] 24/9/2002 09:17

zzaxx99 - 23 Sep'02 - 22:54 - 10 of 10

Thanks for your comments and observations.

If anybody else has got any further observations to make on this issue I look forward to reading them.