Ncc Share Discussion Threads

[wigancasino] 23/2/2017 13:41

I don't think anyone cares about PI's even though they say they do. Any bodies set up to protect us are nigh on useless. Think it is more a case of buyer beware. I added because of the previous RNS that implied we were on on track to then get the RNS at the end of the day which led to this fall. Disgraceful from management, blatant lying has put me into a large negative position. I am prepared to hold as has been pointed out the Escrow business is worth more than the current market cap.

Some of these CEO's have no morals and just look after number one. Hoping for a good take out price around the £2.00 mark or Cotton replaced with a more honest and transparent CEO. You take your money and you take your chance, just doesn't help when clowns like this blatantly lie, and in effect rob you.

[j284] 23/2/2017 13:26

In my opinion Cotton needs to go, arrogance is tolerable as long as you deliver. There will be plenty of high calibre replacements in this sector.

[emso] 23/2/2017 12:19

Now the dust has settled on this debacle, can anyone tell me whether there is a body that looks into dodgy dealings - not least all those who opened up short positions post 19th January.

[tsmith2] 23/2/2017 09:43

Start your engines time coming up?

[opodio] 23/2/2017 09:41

Losing customers also makes forecasting v difficult

[opodio] 23/2/2017 09:39

Sold and took a nice profit

Worried strategic review will result in added worms

Battered balance sheet and goodwill write down

[boozey] 23/2/2017 09:29

Investors want transparency, so they would have insisted Cotton use external consultants so they can get a first hand view of the root causes of company's problems. He is a lame duck of a CEO now.

[effortless cool] 23/2/2017 09:28

rivaldo,

I imagine the consultants have been brought in by the non-execs, rather than RC, as they do no longer trust their executive team to do the job properly.

[rivaldo] 23/2/2017 09:04

Thought I'd wait for the dust to settle before commenting, but still seething.

"Dot" Cotton really has spoilt what should have been a golden opportunity. I had heard that he wasn't liked in the City as an individual, and so imo he'll be out before long if there isn't a quick resolution from predators. He's overspent on acquisitions, had to write off completely a risky venture into new territory and is now mucking up one of the two core businesses.

Fortunately the Escrow business is worth the current m/cap on its own.

Why RC needs to get consultants in to review the business is beyond me - surely they're capable of doing it themselves without spending £millions elsewhere.

The best outcome for now imo would be a bid battle, with an outcome of say 200p to maybe even 250p. In the area of cyber-security NCC is still one of the biggest and best brands despite these shenanigans. There should be plenty of interest.

[tsmith2] 23/2/2017 08:57

120p plus today. Redcentric

[tsmith2] 23/2/2017 08:54

going higher.

[blueblood] 23/2/2017 08:06

Thanks out at £1.09 from 92p yesterday so happy to take stock and watch for now.

[blueblood] 23/2/2017 07:58

Anyone got opening prices?

[ileeman] 23/2/2017 07:49

@Hen

Because that is where previous resistance/support is + psychological level.

[masurenguy] 23/2/2017 01:28

Security firm ‘at risk of sale’ after warning

NCC Group, the Manchester-based cybersecurity company, has begun a strategic review after issuing a profit warning in a move that wiped more than 15% off its share price yesterday, leaving the business vulnerable to a takeover or break up. It now expects earnings before interest, tax, depreciation and amortisation for the full year to the end of May to come in 20% below the £45.5m to £47.5m range it published in December 2016.

The company said yesterday that its escrow division continued to perform satisfactorily. However, in light of the deterioration in trading at its assurance division, it had decided to conduct a review of its entire group operating strategy, led by the board and supported by externally appointed consultants. Robin Speakman, an analyst, at Shore Capital, said that NCC “should be regarded as potentially being in play”. He said in a note: “In addition to placing chief executive Rob Cotton’s position under heavy scrutiny, we believe this statement raises the possibility of corporate restructuring. We believe disposals, break-up or a full sale may come under consideration.”

Complete article:

[henchard] 22/2/2017 23:04

When NCC was 100p in 2013 there were £208m shares in issue (market cap £208m). Today at 100p there are £276m shares in issue (market cap £276m). Why does 100p have anything to do with anything when the market value at 100p is hugely different today to what it was in 2013?

[ileeman] 22/2/2017 22:33

I wouldnt be suprised to see this bounce hard now we are above 100p imo.

We will see.

[spoole5] 22/2/2017 21:51

In what sort of time frame? Can't see them returning to anything like 140 anytime soon without a bid.

[ileeman] 22/2/2017 21:20

Looks like market makers bear trapped it below previous yearly support/resistance and created a lot of panic in the process.

Closed back above it should get a nice move from here, 50% retrace bounce is around 140p. That is the target.

Full hammer candle reversal on daily chart.


free stock charts from uk.advfn.com

[7kiwi] 22/2/2017 20:21

Yes spoole.

But don't underestimate the ability of the Assurance division to continue to destroy value until they get it back to decent profitability.

Expect big write downs on the acquisitions and probable restructuring charge. It's almost inevitable they are going to have to let some people go and they need to get a grip on the sales strategy and operating model

[spoole5] 22/2/2017 18:54

Surely we're at the point where escrow is worth the whole of the current market cap?

[dontay] 22/2/2017 18:24

A real risk there is lots more bad news to come yet... and could have much further to fall. Long term investors have been hit and hit hard. Talking this up and hoping for an offer to buy the company to minimise losses are creating classic bear trap conditions.