Ncc Share Discussion Threads

[billywizz7] 08/7/2018 16:34

I don’t think RFC27, you quite understand the purpose of this site, although the clue is in the name. It is a site for anonymous people who have an interest in NCC Group shares to post their views and opinions on the company and its management. Similar to RedCafe for United fans. On there anonymous fans give views on the manager, owners and players without having ever met them. On that point you have criticised LVG, Moyes and many others on your twitter site and you don’t know them personally.
Are you sure you have never posted before? What about Whatever13 on this site or Questioning on the LSE chat site. Someone called out Questioning for being Rob Cotton and then both users did not post again.
As for ynwa1, why is ynwa1 so keen to defend you. However earlier ynwa1 talks about how well the company was built by Felicity and Paul E but fails to mention you. Very odd unless ynwa1 is you!
Also if ywna1 is not senior then how does he/she know how the board made decisions and who was or was not consulted about Fox IT. None of this stacks up. ywna1 says it was a great company to work for but never mentions Cotton yet seems to have views on all other senior management.

[jajc1] 04/7/2018 20:44

Should of bought more popcorn 🍿

[rfc27] 04/7/2018 19:50

So lets clear this up, for those of you who know me thats my number plate, no silly names or disguises, not necessary. Yes it is me and I am rather fed up being accused of being an anonymous poster!!!!

So, I have never been on this board or any other. I have kept my powder dry whilst others have told me of the most ridiculous comments made about me, many false and many hurtful over the last 18 months. To be clear, I still hold 3% of NCC Group, an organisation I remain immensely proud of, so why would I make postings to create a fall in value is a little beyond me.

Billy Wizz I do not know Chris Stone, I have never met him but I have heard the factually incorrect statements made about be me, it is not the way I personally would conduct business. If that alias is you then I am sorry but it is a bit sad, and for the first time in my life I must agree with a Liverpool fan.

I have spoken to and speak regularly to current investors and people still in NCC Group and their views tend to support a lot of the comments on this Board.

Yes I recruited Brian Tenner. He was an excellent candidate and he was also interviewed by all of the Board who unanimously ratified the appointment. Yes there was concern about his exit at Scapa and yes he appears to have repeated this.

Again, yes the Board and investors approved the acquisition of FoxIT, it hit its numbers in the first 6 months and it was not expected to be earnings enhancing until into year 3. This is clearly stated in the market documents still available online. No decision in any organisation is the CEO's alone and certainly not at €130m.

I am not returning to buy NCC but I am returning to the industry albeit in the background. I am very pleased that the NCC Group Board reported that this years numbers will be achieved as that will help increase the share price in NCC Group which we all want.

And so as to close the loop, if YNWA is who I think it is, it is a she!!! If it is who I think you were a real asset to the Group.

So this is the one and only post I will make on this board or any other share board, but do feel free to contact me I'm on LinkedIn and you can make those personal digs at me with out the cloak of anonymity, lets see how brave you really are!

[ynwa1] 04/7/2018 18:26

I think you need to go and get some serious help Chris Stone. I am very happily employed working in a IT business in Manchester, the remaining friends at NCC know who I am and think it’s hysterical. I won’t criticise people in public that I do not know enough about and I certainly don’t make stupid accusations, I wasn’t senior enough to be anything other than I was grateful for the opportunities given me. I am sad by the amount of long servers leaving, it was a great place, there is nobody left in finance, legal, escrow ops or IT projects who has over 12 months service, half the escrow sales team has gone, 2 of the best escrow managers fired, I can go on and on. I am sorry but you have real problems.

[billywizz7] 04/7/2018 17:02

The great reveal. ynwa1 is Rob Cotton. I read his posts and was trying to see if he would even slightly criticise himself and prove me wrong. Read our exchange and see who is angry and who is bitter about the new management team. See who hates Stone (apparently me) with vitriol as he publicly criticised Cotton on camera. He even tried to use a Liverpool FC associated tag as everyone knows that he is a Man United fan. Now who is sad?

[ynwa1] 04/7/2018 15:41

So it is definitely Chris Stone. How ridiculous. You need to get some help for your obsession, why are you so angry? if you believe one person causes a company to stumble that is your own view but its a bit sad. Its like saying we are only as good as Mo Salah, how stupid is that but then you are known to have a massive ego and no people skills, and lets face it its easy to blame others, lets see what you deliver apart from loads of people leaving and huge consultancy bills delivering nothing new.

As reminder a company is made up of NEDs, Executive Directors, MD's, Ops Directors, Tech Directors, CTO's, Managers and employees and you think it is one person's fault, you are a very sad individual.

I came on this Board as an ex employee (I had a very happy time there) and shareholder (SAYE schemes), to expose what my friends had told me about the internal politics of the hated CFO's leaving (and leaving a shambles and joining another company as CFO, makes sense that one) along with the dreadful people management of the Board thats destroying a good company, not to listen your ego of blame.

[jajc1] 04/7/2018 15:37

Might get the popcorn out whilst this exchange goes on. Everyone seems to forget that opionion ( and that’s all I’m seeing here ) is never right or wrong - it’s simply someone’s point of view.

Amusing as this exchange is it doesn’t seem to be a good use of anyone’s time. Funny though.

[billywizz7] 04/7/2018 14:14

So just to be clear you don't blame Cotton for anything at all! He was wrongly fired by the board!

[ynwa1] 04/7/2018 11:59

What a strange comment, again clearly like Chris Stone? So you believe that Cotton bought a company on his own with no consultation, no reference to the Board and no discussion with the investors? I worked on plenty of NCC stuff and all the way through every body was on the journey and agreement was reached throughout. I know because I was there the diligence was massive even on the smallest deals. The Board , the ops board, the assurance division, finance, legal, Deloitte, Eversheds and the investors everybody was kept fully up to date on all the discussions and were part of the buying decision, which is as it should be. I think you are the one who dont know how a Board or a company works, which further makes me think you are Chris Stone who only can slag people off, I suggest you follow your name and crawl back under your Stone, you're not welcome at NCC and you are ruining good peoples livelihoods.

[billywizz7] 04/7/2018 08:06

You are funny or mad, you really think that I am Stone. So, you say you read comments like this from Stone. Where? as I can’t recall any written information in the public domain! It is ok for you to blame the former NEDS, current CEO, CFO, Chairman and Escrow MD, but won’t hear a bad word about the former CEO. Buying Fox for €133k was clearly a good decision by Cotton when they only made £1.3m in the first six months of ownership.

By the way, maybe you don’t know about how a PLC Board works, but the CEO usually has a big say in the recruitment of the CFO.

[ynwa1] 02/7/2018 11:55

Because you are Chris Stone, your comments are like those I have read and my friends have heard directly from you. You only seem to want to blame an individual and most know the real truth. NCC was a great place because of the people and your views of blame has resulted in lots of them leaving. Brian Tenner would have been recruited by the Board I would have thought? I assume you mean the Board has questions to answer, I am really not sure which? You would be better reading what people think of you rather than creating a blame culture. Very sad!

[billywizz7] 01/7/2018 11:39

Why do you say I sound like Chris Stone, because I criticised Cotton. Do you not agree that Cotton also has a lot to answer for. He did recruit Tenner, who you strongly criticise below. He also oversaw a number of profit warnings which led to the share price dropping from £3.5 plus to below £1. Don't get me wrong Cotton clearly built a strong business over a long period of time, it is just that he lost his way at the end.

[ynwa1] 30/6/2018 20:09

You sound like Chris Stone? I am an ex long serving employee and shareholder who has lots of friends at NCC...although there’s less by the day due to the way the business is being run.

[billywizz7] 30/6/2018 12:50

YNWA1 - You seem to have good intel about Tenner. Looks from the historical announcements that Cotton recruited him, must not have done his homework if he has a history of this. Anyway still onwards and upwards, CEO can now recruit his own man, lets hope he does his homework!

[jerseyman1] 29/6/2018 08:00

Shows what a major impression the new CEO has made on me, I note he is called Palser, not Paisner as I referred to him in post below!

[jerseyman1] 29/6/2018 07:53

Interesting ynwa1. Without knowing how he performed in the business and going solely on public interaction I am not surprised Tenner is disgruntled. In his public appearances he came over as pragmatic and grounded. Paisner the new CEO comes over as clueless and devoid of gravitas or vision. So not surprising if Tenner was hacked off by not getting CEO job when he sees what appointment was made.

[ynwa1] 28/6/2018 21:36

It’s come out apparently Tenner had a massive row, resigned and refused to work his notice as he didn’t get the top job. Which he wasn’t any good at. He agreed to join an AIM company as a CFO before he quit. He leaves a total mess in finance all temps and people with a few month experience. He’s done the same before at one of his other places I’m led to believe. Class act.

[billywizz7] 27/6/2018 13:31

I think in the case of Tenner leaving it is possibly less of a red flag than normally when a CFO leaves. He came in and within a month was the interim CEO. He would have been the man in charge for eight months and all he relationships would have been shaped by his interim role. He then does not get the job and would feel that he is demoted to CFO. Also someone new comes in and starts calling the shots. Overall very difficult position to be in and I am not surprised that he wants to leave. As for timing, leaving after the results makes sense. What remains more important to me is the results which the company says are in line with expectations. I am not as negative as some of the posts on this site.

[courant] 25/6/2018 21:57

Just to chip in, I've never actually done business with NCC but have had reason to talk to them reasonably regularly (common clients and some possible projects). My key contact has changed twice in the past 12 months, and the team I'm dealing with has undergone a reasonably significant change in personnel. There are still some very solid people there, but it's clear there has been some internal disruption. I've held the shares throughout for a variety of reasons (largely because I think the core business is relatively solid and NCC are significant players in a number of areas). Obviously having the C-suite in flux is not great, and a significant investment risk if they can't sort it out and bring a team on with some experience and nouse. But, my feeling from the last conversation I had with them was that things on day-to-day basis were settling. A situation to keep an eye on.

[ynwa1] 25/6/2018 17:06

Sorry richjp I am not disgruntled, I left with a good send off and have many happy memories of a really good company that id been part of. I was there for many years and have many friends still there (just). It was a great place to work. The place has changed for the worse so the good people and long servers are leaving as they think those who are running the place do not know what they are doing other than for themselves. I am a shareholder as I paid in many years of save as you earn schemes, like nearly all employees did as they had a belief in the company. So I am not disgruntled, I'm saddened at what has happened and at the impact it has on my one investment

[qs99] 25/6/2018 13:59

Graph looks awful

[boozey] 25/6/2018 13:38

Maybe, and I am not one of those, but a CFO quitting is a red flag - and the share price invariably falls after announcement. NCC is no exception to this rule.

There is no smoke without fire and the real life boardroom incompetence and subsequent shake ups at NCC are all long since in the public domain. The question is whether we have seen the last of it - on last week's evidence obviously not.

It takes a very special Board of Directors to make such a mess of a company in the hottest of hot industries. How such people get employed in the first place at such a senior level is beyond me. You could put a bunch of A level Business Studies students in their place and they would make a far better job of it.

[richjp] 25/6/2018 13:00

I always view the views of disgruntled former employees of any company with a large pinch of salt.

There may be something in what they say but they do often go way over the top and exaggerate.

[ynwa1] 25/6/2018 11:32

I think most people want it to be sold certainly my friends do and were talking about it over the weekend. Their view is the current directors and board don't understand people businesses and have no real business knowledge, they are just paying consultants fortunes to invent jargon and worse ideas than existed before. There is a battle of ego's and self interest between Chairman, CFO, escrow MD its awful along with a CEO who has no idea what to do. In the past we all worked really hard together, people got looked after very well and stayed for years and years, now they all just want to leave.