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NMD Nth.Mid.Cons

530.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nth.Mid.Cons LSE:NMD London Ordinary Share GB0006452857 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 530.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
510.00 550.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 530.00 GBX

Nth.Mid.Cons (NMD) Latest News

Real-Time news about Nth.Mid.Cons (London Stock Exchange): 0 recent articles

Nth.Mid.Cons (NMD) Discussions and Chat

Nth.Mid.Cons Forums and Chat

Date Time Title Posts
30/11/201809:09North Midland Construction972
01/4/201611:02Top Ranking Constructor - Yield 3.64% PER235
25/8/200508:52North Midland3
17/11/200311:42North Midland Construction - strong buy trading on a p/e of 4x for this year39
09/5/200122:11LITTLE GEM-

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Nth.Mid.Cons (NMD) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Nth.Mid.Cons (NMD) Top Chat Posts

Top Posts
Posted at 30/11/2018 09:09 by cc2014
OMG I'm showing my age. If your trade is with IG, then you don't have any shares, you have a bet on the share price of NMCN. IG may or may not have hedged, so they may own some shares.

I see the price has nudged up again today. Probably on this which is a few days old:


I am building a new thread under the new ticker btw. Working on it slowly. I'm pretty busy right now. I hope to have it finished soon. My html is lousy.
Posted at 13/11/2018 12:33 by cc2014
Strange price action. The buys keep coming yet the actual price paid is falling.

I guess the MM have got a bit of stock from somewhere or know where they can source it.

Doesn't really bother me. The buys keep coming and wherever the stock is coming from it won't go on very long given the share register.
Posted at 12/11/2018 07:09 by qs99
Monday is here dround, let's see if NMD can keep going! Budget IMO has provided great runway of infrastructure projects and continued building programmes, more so than for a very long time so IMO the long-term spending by UK Govt is a good macro backdrop for the likes of NMD...DYOR
Posted at 08/11/2018 12:23 by qs99
blimey over 6,000 shares traded is unusual for NMD!
Posted at 08/11/2018 08:41 by qs99
Yup cc I’d be interested!

Either way looks like NMD is slowly and surely being re-rated.... let’s hope management can get to their 5> margin sooner and start motoring towards a £1bn turnover business..

DYOR and GLa
Posted at 07/11/2018 09:36 by cc2014
That's a good question QS99 and very difficult to answer.

NMD is part of FTSE fledgling and as far as I'm aware there is no FTSE fledgling ETF or tracker fund. It's going to take some time to get promoted to FTSE small cap as the entry requirement is around £185m market cap. FTSE small cap trackers are not popular in the UK, although they are very popular in the US.

Having said all that the small cap funds will begin to take notice somewhere between £75-100m market cap. These aren't trackers but will be searching for small cap companies which can significantly outperform the market. NMD fits this bill.

However, the low liquidity and family share ownership is going to put them off as it's going to be difficult for them to get a decent chunk of shares. Should the share price rise to say £20 per share I suspect the family will be forced to provide greater liquidity. That's a good problem to have though.


In the meantime what we can clearly see is that the management team are busy bidding and winning new work which will grow the company at a minimum rate of 20-25% a year, a decent achievement against a fairly bland UK economy. We can also see there is a strategy in their bid process, focusing on areas of work they know well. It suggest a managed, focused approach and that's always the right sort of work to win.

This share is the best share in my portfolio and more importantly is easy for me to manage. I'm in at 115p and I always imagined when I got a share that multi-bagged this much this fast I'd be spending all my time trying to figure out where to sell. Instead I find myself looking at the newsflow and knowing that's not a decision I need to make. How wonderful.
Posted at 24/10/2018 10:33 by cc2014
Yeah another delayed buy coming through later I'm sure.

Regrettably and I hope I'm proved wrong, I'm not sure we can get comfortably above 500 for a while. What I do think though that there is enough interest that it can comfortably hold 500 and buyers will now come in on any dip. Probably a phase we need to go through.

I say this because there was nothing in the RNS this morning that was a surprise to me and the stock is way off the radar in terms of analyst coverage. Ok, the revenue is going to come in about £10m higher than I thought but I'm a little disappointed with the profit figure. I was looking for slightly higher at £6.5-7.0m.

Still, a very good day and another 6-12 months and I think the market cap will be significantly higher than now. We just need to get to £100m and then the analysts will really start to pay attention.

Maybe the re-branding will put another 5% on the share price. North Midland Construction, NM Group, Nomenca doesn't really do it for me.
Posted at 04/10/2018 09:40 by dround87
Pity to see the share price down this much off the back of a fantastic year. Great time to add though.
Posted at 04/9/2018 09:50 by cc2014
The spread is telling us something. I am being quoted 471p to sell 500 shares and 455p to sell 5000.

The spread looks like 40p but it's less. It discourages buying but if you want to sell the MM's will happily take your shares off you at a considerable premium to the bid.


Once they've balanced their book they will close the spread up somewhat. Unless they get a big sell it's likely to close to the upside as the MM's are struggling to get stock to balance their books.


Bottom line.. The share price rose from 330p at the start of August to 450p at the end of August and considering that rise very little volume has gone through. That's a 38% rise as it went XD in the same period. The lack of sellers tells us the level of conviction of those holding shares is very high.
Posted at 15/1/2018 09:19 by cc2014
Whilst incredibly sad for employees and pensioners, CLLN going bust will be good news for the industry and NMD.

CLLN have been keeping margins low for years by bidding for projects at stupidly low prices and abusing the supply chain for the last 30 years.

The work will instead go to respectable main contractors such as NMD. You can see for example Kier's share price moved up strongly from 12 on Friday and continues to make small gains this morning


I do not think NMD has any sizeable exposure to CLLN. Certainly I'm sure Mr Charlton will have asked the question before loading up his wheelbarrow again.


NMD did use to work for Carillion Telent (CLLN Joint Venture) , which they terminated the contract as it was losing money. This happened about 2 years ago so it's possible they may still be owed something. Insignificant I'd say and covered by the bad debt provision. I see it as more of an opportunity. Telent (spin off from Marconi if I remember correctly) accounts show they make fantastic profits.
Nth.Mid.Cons share price data is direct from the London Stock Exchange

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