Ncc Share Discussion Threads

[dontay] 22/2/2017 14:44

A delisting and being taken private with a view to a breaking it up could be more likely than a sale.

[patientcapital] 22/2/2017 14:44

No rush to get suckered in. These warnings have a nasty habit of coming in threes - CPI caught people out as did RR. Just because it's fallen a lot does not mean it can't fall further. Sooner see an uptrend established than try to find the bottom.

[she-ra] 22/2/2017 14:43

QS99 - I'm just worrying they aren't being candid as they seem to have not been in the past.

[tsmith2] 22/2/2017 14:41

Whoosh coming up?

[investment dave] 22/2/2017 14:41

big boom above £1 likely any minute now

[qs99] 22/2/2017 14:39

she -ra DYOR but last RNS I believe showed net debt to be around £48m against facilities of over £110m.....they are still profitable....why would they be in danger at this moment of breaching if EBITDA is forecast to be over £30m>? All IMO and DYOR

[she-ra] 22/2/2017 14:33

Does anyone know if they have breached their banking covenants or are in danger of doing?

[tsmith2] 22/2/2017 14:30

Ripe for takeover. Fall plus dollar strength

[dontay] 22/2/2017 14:11

ILeeman, not lying and in my view the writing HAS been on the wall. Copy of my post 16 Dec 2016 - 21:03 - 885 of 1162 - 1Prior fl yr guidance of around £54m was reduced to £49m in October. Now further reduced by another £3-5m. Now they say FOXIt will not become earnings enhancing till 2018. Why? What does FOXIt actually do? They said that despite the loss of the three contracts there would be NO impact on this year results and that the problems the losses caused would be rectified in H2. That has now changed! Now they are not going to bother taking any action to address the poor margin. Why not? The fear has to be... they CANNOT rectify the issues! IMO that's probably because the only way to reduce costs on a business like this is to close down some operations and reduce staff levels! That would mean admitting there has been some serious errors made with some of the recent acquisitions and IMO that is the reason for not giving the reason behind the CFO's resignation from the bod with "immediate effect".I also mentioned in other posts that this company was being run by a bunch of idiots! Can anyone now claim that wasn't true?

[ileeman] 22/2/2017 13:44

Pivotal level at a tad over 100p.

Reckon we will see a move to 130p+ if it holds.

[igoe104] 22/2/2017 13:36

Cyber Security Firm's 50 Percent Drop Fuels Takeover Speculation
by Joe Easton
‎22‎ ‎February̴6; ‎2017‎ ‎11‎:206;35‎ ‎GMT
NCC’s market value halves as it slashes 2017 profit forecasts
Company is now ‘in-play’; as an M&A target, Shore Capital says
NCC Group plc’s third profit warning since October triggered a 50 percent slump in its share price over two trading sessions, prompting a London broker to suggest the Manchester, England-based cyber-security consultancy could become a takeover target.
In a statement issued late Tuesday, the company announced a review into its assurance division, which performed below expectations, and cut its full-year profit outlook by 20 percent.
NCC shares were down 26 percent at 94.25 pence at 11:30 a.m. in London. The company’s market capitalization, which stood at just over 1 billion pounds ($1.18 billion) prior to a profit warning four months ago, has now dropped to about 250 million pounds.
The share price decline means the company is now “in-play,̶1; Shore Capital said, noting that NCC will appoint external consultants to lead the review. “We believe disposals, a breakup of the group or indeed a full sale may come under consideration,”; the broker said in a note to clients.
A spokesman for NCC declined to comment on whether the company would work toward a sale, or on the future of its Chief Executive Officer Rob Cotton. NCC’s chairman of 17 years Paul Mitchell stepped down in January, with senior independent director and Restaurant Group chairman Debbie Hewitt tasked with finding a replacement.
Hewitt will be “crucial”; in deciding the direction of the company, Shore Capital said.
NCC was founded in 1999 when the commercial arm of the National Computing Center, established by the U.K. government to encourage personal computer use, was bought out by its management team.

[ileeman] 22/2/2017 13:20

@Dontay

No one could have seen that trading update coming if you looked at previous RNS, to say any different is blatently lying.

On a positive this low price has stired up a lot of interest from PIs and no doubt larger firms, would be nice to see correction back up. Currently 10% of lows this morning.

[ileeman] 22/2/2017 12:58

He got lucky.

A shame he did not short it like another user mentioned.

[smokybenchod] 22/2/2017 12:53

Source opodio? Either you're a very good fortune teller or you're breaking market regulations and have insider knowledge...

[ileeman] 22/2/2017 12:52

This is the way I see it chart wise, possible the market makers have bear trapped below that support level if it can pop back above major resistance/support at about 100p and hold then looking at a very strong move north.

Pivotal line imo.



free stock charts from uk.advfn.com

[opodio] 22/2/2017 12:49

Did warn u guys it would hit 90 last week

One more profit warn to come

[rogerbridge] 22/2/2017 12:37

With a low pound NCC is wide open for a bid. I do not think it is far away. Another UK company heading for the USA.

[mazarin] 22/2/2017 12:32

Not to worry Spoole, we've all been 'caught in the headlights', its not surprising to panic in the light of events. I'm surprised I'm still here, having previously endured warnings but committed by earlier large positions, in the belief that the sector is so blatantly a 'growth area' and should be worth investing in. It's such a pity the management seemingly can't handle it.

[spoole5] 22/2/2017 12:28

If they'd announced the news yesterday morning it would still be 1.20.

[miahkaysor] 22/2/2017 12:27

£1+ definitely on the cards!!!!!IMO DYOR

[staylow1] 22/2/2017 12:03

Good industry, good company, just needs to be run right. I'm in for a few at 89.50.

[spoole5] 22/2/2017 11:57

Did something i swore I'd never do. Sold at 99p first thing but bought back at 89p. Some losses recovered on paper. Cut and run or wait for recovery?

[investment dave] 22/2/2017 11:55

Back to £1.30