Ncc Share Discussion Threads

[a2584728] 03/8/2017 08:23

Once this breaks 200p we will fly to 300p imho

[mazarin] 26/7/2017 15:43

The threat posed to business by cyber attacks cannot be overstated. It is an essential and absolute duty of all senior executives to secure their systems and they now have legal duty to protect customer data.

[uapatel] 24/7/2017 18:41

Maybe Berenburg are helping those nice people holding shorts out. Always amazes me when you get such a difference in Analyst/Broker views. Still suppose that's what makes a market. Personally happier with the 265p call. (But then I'm a shareholder so would say that).

[jerseyman1] 24/7/2017 17:51

Cerrito.......Canaccord raise to Buy at 265p today. They were a sobering voice before and during the downward trend in share price and have covered the stock for a long time. Don't understand Berenburg position. Only negative I have seen since results last week. Perhaps they thought Stone was too mouthy too!!

[cerrito] 24/7/2017 15:34

saw this today
Berenberg today downgrades its investment rating on NCC Group PLC (LON:NCC) to sell (from hold) and raised its price target to 155p (from 115p)

[mazarin] 22/7/2017 17:04

Cerrito - fair comment and agree that the thought had crossed my mind, as any subsequent turn-around may well better reflect upon them. This thought is however, moderated by the idea that having no connection with former management decisions they were best placed to 'say it as it was'. They revealed that previous management had lost sight of the basic principle of maintaining the 'Order to Cash route' and had incurred cost without creating profit. These are are dire indictments of any business practice. Whereas this pair left me in no doubt that they knew precisely where 'the bottom line' lay and I came away more reassured.

I've been holding NCC a couple of years since when I created this thread and believe the Company (and shareholders) including the Industry, deserved much better. Like many I could have sold at £3.70 and didn't, as I believe the industry is a 'growth' story in the making and worth (if properly run) much more than that. I am always encouraged to see Management endorsing their 'own decisions' with their 'own money' in the form of shares.

[cerrito] 22/7/2017 15:58

Agree with others that a very good presentation; for those who do not have 80 minutes to watch it all go to minute 46 and see the commentary from Chris Stone on what he describes as the most important slide.
As a new holder-just since March this year- I had semi planned to go to the AGM but I may be able to skip this given the comprehensives of the presentation.
I did wonder if Stone and Tenner rather over egged the pudding about the failings of previous management and it made me curious to ask the current directors who were on board at the time(Hewitt, Chambers and Batterham) what on reflection warning signs they missed; that said I was pleased that a google search of Stone and Tenner did not come up with anything negative.
No immediate plans to add and certainly no intention of selling

[mazarin] 22/7/2017 08:24

And is now subject of following Press Comment, for details, see:-

[mazarin] 21/7/2017 10:43

Appears to have gained some traction today

[seans66] 20/7/2017 18:22

Watched the video presentation last night & felt the chairman & cfo did a great job for 2 relative newcomers. Honest & very detail focused. They certainly steadied the ship, & hopefully the next CEO can take the company to the next level. At some point this will get taken out - I would be happy with £6-£7!!

[mazarin] 20/7/2017 07:46

Tudes thanks for your reference to latest Bloomberg article -

[hedley2] 20/7/2017 07:25

Feeling a lot more comfortable about my investment having watched the "youtube" presentation. You have to wonder about the previous management and the lack of checks and balances to say nothing of the external audits, who is asking the questions? If we can now find the right CEO to take the company forward, that would complete the picture for recovery.

[tudes100] 20/7/2017 05:13

www.bloomberg.com/news/articles/2017-07-19/cyberattack-on-medical-software-exposes-industry-s-vulnerability?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social

[mazarin] 19/7/2017 16:32

I thought exactly the same and recall the so-called 'experts' were more than happy to peddle their recommendations that led up to shareholders being asked finance the purchase of FoxIT by a 'placing' of £2.75 on 24/11/15. Now it emerges that these 'Experts' were completely unaware or simply failed to notice that (so called) orders for work by NCC staff and services were deployed, but not confirmed, work commenced and invoices not produced. It defies imagination and is not surprising to discover that transient NCC customers were later disinclined to pay up. I bet they couldn't have believed their luck. And even more unbelievable to discover how a 'high-tech' Company did not the wit to have got its basic paperwork right..

[sharw] 19/7/2017 16:22

I agree with mazarin and ilovefrogs - the problems were not financial distress or poor markets but management that had once been good at growing a small company failing to meet the task of strengthening the internal controls of a larger one - but that is fixable.

What annoys me is the amount of money paid over the years to auditors who failed to spot such basics as invalid dividend declarations or holiday pay provision.

[ilovefrogs] 19/7/2017 15:54

Mazarin - spot on. the key here is that management mistakes and poor internal processes can be fixed. Structural deteriorations in markets can't. For me, it's definitely a case of the former, with the end markets still growing. As importantly, current management has a clear strategy to fix it as well. this genuinely has the ingredients for a sustained recovery story now.

[mazarin] 19/7/2017 15:14

Having just spent 85 mins watching the YT Results presentation I now have a much clearer picture of what's been going on (or not going on) since I first bought into NCC, but more importantly see where its now headed. In short the new BoD's declared drive to improve Gross margins and implement tighter Cash Controls for improvement to be apparent over a 2 year program were outlined. I'd strongly urge any serious NCC investor to watch it (in full) and I have included a link in the Header.

I'm quite impressed by the 'nuts and bolts' approach of both Chris Stone and Brian Tenner and their clear determination to put NCC back on track. As long term shareholders we appear to have been seriously let down by the previous BoD for failing to tackle or properly address boring, basic management practices essential for controlling a growing and successful business.

[rivaldo] 19/7/2017 14:34

Everywhere am I PI.....:o)) (to be read in a Yoda-like voice!).

Been here a long time - enjoyed the ride up, got stung by the warnings, topped up near the bottom, now doing very nicely! Hope you are too.

[panic investor] 19/7/2017 14:18

Didn't know you were here Rivaldo !

[rivaldo] 19/7/2017 14:17

Excellent - I calculate that's around £460,000 of shares purchased by the Board. A substantial vote of confidence:



Thx for the presentation gsb - pretty damning re the previous management. Looks like a much tighter hand on the tiller now.

[ilovefrogs] 19/7/2017 14:02

Indeed, thanks gsb! Very interesting!