Ncc Share Discussion Threads

[a2584728] 01/11/2019 08:19

Could we break this trading range today ?

[jerseyman1] 23/10/2019 21:19

Canaccord have given 215p target today. New analyst

[tudes100] 22/10/2019 02:42

18x PE based on 10.3p adjusted EPS concensus broker estimate

[patriciab1] 22/10/2019 01:51

The PE although much lower than for Sophos is quite high at 39. What is the reason for that? Is that something to worry about in terms of share price growth potential?

[jerseyman1] 17/10/2019 13:34

Agreed, but not unhelpful

[cerrito] 17/10/2019 11:56

Jerseyman1
You are right that the Sophos deal will focus attention on the sector and that NCC and Sophos are in very different sub sectors.
NCC is also quite UK focused; in the last FY revenues from the UK were £118m, North America £83m and ROW £52m.
The shareholder base is quite atomized with LG the largest at 8.5% and not sure if many people would want to die in a ditch to reject an offer that was OK rather than super attractive.
The way I look at it, the Sopohos deal provides some support for the share price but not enough motivation for me to increase my holding.

[a2584728] 17/10/2019 10:37

Need to get over this trading range

[jerseyman1] 14/10/2019 13:16

Sophos is being bought by PE at 36% premium, today. Hence some movement in NCC price......hopefully sector is now in vogue and we get dragged along, although NCC and Sophos in very different sub sectors....just don't tell the scribblers!

[techno20] 06/10/2019 12:14

Nice buy recommendation in today’s Telegraph.

[cerrito] 28/9/2019 23:29

I see that all key resolutions very comfortably passed at the AGM and indeed there were no votes against the remuneration report with about 3% abstentions. Also at 71% a pretty high voter turn out; I checked the turnover in shareholders between the two last annual reports. We seem to have said goodbye since July 2018 to Fidelity who had 3.7% as well as Neptune with 7%+ and B Gifford with 3.4% and there has been a 4% increase by L General. The upshot is that the %age held by those with 3%+ has decreased from 33.7% to 26%.
I have not had time to go through the AR but did note that in geographical breakdown of revenue there was YOY a good increase in North America from £68m to £83m whereas there was a revenue decline in the UK and in ROW/Europe a stately increase from £46m to £52m.
No surprise in the share price decrease since the AGM Trading report which was more focused on structures than actual results.
PS
Just seen that they have updated brokers consensus forecasts as at Sept 2 on the Investors section of the website. Once again full marks to them and why other companies cannot do this, heaven only knows.
hxxps://www.nccgroup.trust/uk/investor-relations/results-and-media/
PPS
No immediate plans to buy or sell

[boadicea] 27/9/2019 12:28

This share continues to be trendlessly volatile with curious very short term swings as noted above.
What game is being played and does it have a significant mesning?

[sharw] 21/9/2019 11:17

No explanation, other than badly programmed bots, but I see what you mean - compared with around 200 trades on both Wednesday and Thursday there were 914 yesterday of which 464 were in the last hour. After that over 1.4m shares changed hands in the closing auction.

[mazarin] 21/9/2019 07:42

There were some wild swings between 178 and 184 in the space of an hour affecting share price towards the end of trading yesterday. As to the cause, I can only guess and assume Institutions were conducting ‘bot’ trades moving mutually held shares from from one fund into another. Unless anyone else can suggest a reason? The city is capable of all sorts of shenanigans

[a2584728] 10/9/2019 08:52

Needs to get through 200p. I suspect we will finish red again today

[cerrito] 22/8/2019 22:15

A 930 AGM is not very welcoming and clearly they do not want to be bothered by shareholders.
To be fair the results presentations are good but 930 does seem unnecessarily provocative.

[jerseyman1] 15/8/2019 09:42

Positive comment from Avast is probably why. Sophos up as well

[boadicea] 15/8/2019 08:08

Crazy prices quoted this morning unless something is happening - a leak?

[tudes100] 06/8/2019 23:04

Not sure I agree re valuation Cerrito, broker targets have been upped since results, 8 brokers covering, everyone a buy rec with average target price of 229p.
Two most important pieces of recent news for me were the reduction in debt, which should continue apace given no further required payments for Fox IT, and the fact that the UK Escrow team is up to full strength. With Escrow profitability stablised the business will become increasingly driven by the progress in the Assurance division particuarly overseas. My share price target is a fair way above 229p.

[jerseyman1] 25/7/2019 07:23

On first read the results and progress look good. Apart from UK Escrow each of the business segments have grown and cash conversion is up, and debt down. Given the market strength you would hope this decent performance will kick up the price which was depressed by less positive sentiment about trading a few months back

[a2584728] 25/7/2019 07:13

Growth on going margins up what more do you want from an investment. Broker notes will be bullish I expect

[jerseyman1] 13/7/2019 08:25

Probably a read across from positive Sophos figures, I know it's a very different business model, but the scribblers can't tell the difference

[boadicea] 12/7/2019 14:13

.... in which case we could be nicely set up for a breakout.