Ncc Share Discussion Threads

[qs99] 24/3/2017 11:09

opodio, why would the share price have risen near 20% if a rights issue was in the offing? IMO SP's usually go the other way if there is any financial distress and a RI is expected. Maybe a placing, but again, can't quite see why. So concerted buying has pushed this up around 10% in 2 days.......bodes well IMO....GLA DYOR

[mazarin] 24/3/2017 10:08

An increase of 5% within 2 hours of opening today, strongly indicates somebody is currently very interested in acquiring these!

[rivaldo] 24/3/2017 08:32

Continuing to rise - looking good. Can't see any press gossip or mentions yet.

[staylow1] 23/3/2017 22:25

Will be interesting to see if it continues tomorrow as VAP shows little volume at 113.5-119.5Potential pull back to 114-5 and support?

[opodio] 23/3/2017 21:41

could be quite a lot of pain if they have a placing to plug the debt

[staylow1] 23/3/2017 21:19

I'd say the 319k was an UT. So not a trade per se. I'd agree on previous posts whereby a big seller is now out of the market. It looks to have logged the sell in the aft, but most likely has been selling a while and just finished today. And if somebody has been selling, somebody has been accumulating, and on the cheap.

[seans66] 23/3/2017 20:48

I see there was an after hours buy/sell of 319k shares. A bit of II action? Probably the reason for today's rise.Placing unlikely IMHO.

[opodio] 23/3/2017 20:38

rights issue coming i suspect

might breach bank covenants

[a2584728] 23/3/2017 19:53

Sharw, remember where you heard it first, this is a no brainier for a suitor.

[dontay] 23/3/2017 17:54

No chance anyone would want to even attempt to do a professional DD job on this lot with a view to making a realistic offer... until the the outside consultants have completed their work, the review has been completed, and the costs of restructuring the company and value of the write downs have been calculated.

[qs99] 23/3/2017 16:09

that is a fascinating chart, anyone think a bid is coming? DYOR etc

[qs99] 23/3/2017 15:50

looking strong today, strapped in for the ride! GLA

[rivaldo] 23/3/2017 15:48

Big volumes today, with 9.6m shares traded. Hopefully sellers out of ammo and buyers stocking up - I'd rather see a full recovery to 250p-300p than an opportunistic bid at 150p-175p.

[a2584728] 23/3/2017 14:16

Sharw I still think we will see a bid. Why would a competitor not snap this up at 155 a share. Watch this space. The risk is covered in one side of the business alone.

[rivaldo] 20/3/2017 14:14

Good to see Artemis buying - they're now above 5% with 14.03m shares:

[sharw] 20/3/2017 00:31

Masurenguy ..."random, unsubstantiated suggestion"... is the correct phrase. You also need to see if the character of the poster is one who keeps on throwing out such things. So we have -

A25847288 Mar '17 - 13:29 - 1262 of 1270 0 0
Bid coming circa 155p imho.

A258472810 Mar '17 - 14:08 - 38 of 40 0 0
Bid coming

Former here latter

[masurenguy] 19/3/2017 20:25

No - and if you subscribe to your own username then you shouldn't react to some random, unsubstantiated suggestion as having any credibility !

[justfactual] 19/3/2017 19:46

Anything behind that 155p bid comment?

[seans66] 14/3/2017 17:49

This is the correct link regarding Mark Costar and NCC Group:

hxxp://www.whatinvestment.co.uk/top-investor-buys-uk-tech-stock-shares-fall-33-per-cent-2553040/

[seans66] 14/3/2017 09:35

Nice one Rivaldo. Glad I topped up yesterday.

[rivaldo] 14/3/2017 09:03

This reads well:



"13 Mar 2017

Mark Costar , the high-performing manager of the JO Hambro UK Growth fund, has revealed the reasons why he keeps buying shares in NCC Group, despite the shares falling starkly over the past year.

Costar has long been an investor in the shares and he confirmed in his latest update to shareholders that he has been buying more as the shares have tumbled.

He commented, ‘NCC is the world’s largest independent cybersecurity consultancy and operates in an area of clear, strong and, if anything, accelerating growth. Ironically, as the company has prepared for this growth, it has invested significantly in resources ahead of delivering expected projects. In doing so, it has built up the key asset required to execute this, namely highly skilled cybersecurity professionals. Consequently, some unfortunate specific delays have left the business with a utilisation shortfall, which has become increasingly clear that it will not be able to fill in the immediate future. As a result, the company announced profits will be below expectations.’

Costar continued, ‘Unsurprisingly, investors did not take too kindly to this news. At one point, the company’s enterprise value was justified almost entirely by its unrelated software escrow business, thereby valuing the cybersecurity opportunity at next to nothing. While the events were clearly disappointing in the short term, when the dust has settled, this is very much a transitory issue in a powerful long-term story. Cybersecurity has become a critical service, it has moved from an IT decision to a boardroom decision. It has broadened out from the computer and the network to mobile, automotive, industrial equipment and indeed any device which can connect to the Internet. NCC has been investing to serve all of these areas and is highly respected in the industry, with very strong, client loyalty and engagement. In short, it is a highly valuable strategic asset. To us, this is a genuine case of growing pains in the business. As such, we took advantage of the weakness to add significantly to our position.’"

[seans66] 10/3/2017 20:39

I spoke to a senior ex-employee of NCC this week. This person felt the company despite its recent problems is fundamentally in good shape, with lots of good people. It got hooked on giving the city continuous growth which resulted in a few dodgy acquisitions particular FOX IT.

[tsmith2] 08/3/2017 15:14

Couple of very large trades reported..

[tsmith2] 08/3/2017 14:38

Looks like someone wants In and someone wants out Jiggery pokery going on

[a2584728] 08/3/2017 13:29

Bid coming circa 155p imho.