Ncc Share Discussion Threads

[spoole5] 21/2/2017 18:09

Was trying to sell through hargreaves lansdown for 15 mins and nothing available. Almost wondering whether it's worth hanging on now and hoping worst is over? Maybe a bid at these levels?

[esther1975] 21/2/2017 18:08

Exactly. I tried to sell on ig and no quotes available. Criminal

[jgoold] 21/2/2017 18:07

I broke one of my rules, don't buy a share after a big fall, and payed for it! Doh!

[staylow1] 21/2/2017 18:05

Esther, you mean they just closed the share and placed it to auction? As soon as RNS was released?I never knew they could do that.

[esther1975] 21/2/2017 18:00

It was a farce trying to sell when the news broke. Auction. Discraceful

[jgoold] 21/2/2017 17:52

So much for having a stop loss! Blew right through it and still not sold.

[slaccs] 21/2/2017 17:32

I agree with 'nearlythere' the management of this company is appalling and have imo misled the share holders

[skyracer] 21/2/2017 17:19

Blimey this is appalling. "Adjusted" EBITDA means nothing when NCC is faced with the prospect of eye-watering asset write-downs. I have worked in a company that needed the "support" of external consultants; its a humiliating admission the BOD basically dont know what to do. NCC could go as low as 20p by July, 125p is going to look a generous bid price. (no position)

[nearlythere] 21/2/2017 17:19

IMO Always a bad sign when management cannot see 2 months ahead. Profit warnings normal come in threes, a 20% downgrade in 2 months could change into 50% downgrade by july.

from oct the share price has collapased and they still state.

"NCC Group continues to firmly believe that the Assurance Division has significant growth prospects which it is determined to capture once the Group has reviewed its existing strategy and operations. "

The companies value has fallen by 2/3 in around 4 months, IMO the IIs will expect the terms of reference of the "Review" to include more than "existing strategy and operations" management performance perhaps may be added.

[seans66] 21/2/2017 16:59

Share price fall of 67% in 4 months. And to think this was the star of my portfolio until then.

[kemche] 21/2/2017 16:58

14 minutes to the end of the trading day.

Chutzpah and shamelessness.

He will somehow still continue at the trough though.

Good man!

[dealer1972] 21/2/2017 16:56

Those historic gaps may now actually get filled!

[masurenguy] 21/2/2017 16:53

I really don't like bad news RNS announcements that are issued just before the market closes and the cancellation of the Capital Markets Day was literally at the very last minute. Management credibility is really on the line here now !

[kemche] 21/2/2017 16:52

I suspect there will be a follow through tomorrow. Investors will be playing a game of compare and contrast with regards to statements made barely 4 weeks ago, with the likes of the following spouted then:

""We have continued to see strong organic growth across the business, particularly in Assurance, albeit that earlier contract cancellations were disappointing. Our EBITDA has increased by 15% and we are maintaining our interim dividend at 1.50p - a clear indication of our confidence in our growth prospects for this year and beyond."


And:

"Assurance order books have improved to GBP56.5m (November 2015: GBP41.0m) with GBP32.3m of managed services and monitoring renewals forecast for the current financial year (November 2015: GBP13.1m)."


"The Group continues to expect adjusted EBITDA for the year to 31 May 2017 to be in the range of GBP45.5m to GBP47.5m, which will see a growth in the range of up to 5% year on year. The H1:H2 adjusted EBITDA expected split will be approximately 46%:54% at the midpoint of the range."



Compared to the sobering assessment 4 weeks later:

"the Board has concluded that the performance of the Assurance Division will be significantly lower than previously anticipated."


Institutional investors tend to have long memories and Mr Cotton's future prognosis for the business may be questioned by some.

[esther1975] 21/2/2017 16:51

they could start their strategic review by looking at the remuneration package of all the board members. A special divi to be paid to private investors who were long before the infamous ill timed RNS. Well done NCC

[seans66] 21/2/2017 16:47

Clutching at straws but at least when the dividend is paid on Friday we will get more shares when we auto-reinvest.

[staylow1] 21/2/2017 16:38

Let's see how fast this springs back up when the shorts cover their positions

[staylow1] 21/2/2017 16:28

Wow, just crazy. Price action really does say it all

[blueball] 21/2/2017 16:27

About 80p would be about right.

[aishah] 21/2/2017 16:23

NCC Group plc

Trading update, strategic review initiated and Capital Markets Day cancelled

[ileeman] 21/2/2017 13:28

free stock charts from uk.advfn.com

[dealer1972] 21/2/2017 12:49

Well there are a couple of historic gaps to fill lower down but you really don't want to know where they are lol.

[spoole5] 21/2/2017 12:33

God knows where we go to if it crashes through that.

[dealer1972] 21/2/2017 12:04

Looks like they're goin for the 170p double bottom!