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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Norcon | NCON | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 22.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 22.50 | 22.50 |
| Top Posts |
|---|
Posted at 26/12/2016 20:05 by norbert colon Russman. Most investors sold theirs in the market for almost 19p (I got 18.8p and 18.9p) back in July and since then the FTSE aim all share is up 18% so a big opportunity cost lost by holding on for any tender offer. |
Posted at 07/10/2016 11:20 by diku It depends upon the amount of money/shares originally invested....and if there are a few handful of investors holding off then surely the insiders might just give a sweetener to buy back shares... |
Posted at 10/7/2016 19:10 by doublestexan All, was going to check this one out, see it's ran it's coursefor an investor. I could offer up a company for you to check out if interested. Pantheon Resources AIM/LSE SYMBOL PANR The management is top flight. Look at the video links on site.I am a long term investor, believe in the company, have no axes to grind.doing well on it , Lots of potential ahead! GLA DYOR , |
Posted at 31/5/2016 08:51 by norbert colon Pretty unimpressed by the delisting especially after being discussed (albeit briefly) with management on two separate occasions. As normal its 'caveat emptor' with small microcaps and I can only be grateful to exit at around breakeven. 19p significantly undervalues the company but with a dominant shareholder, private investors have little room to manoeuvre. |
Posted at 21/4/2016 09:53 by norbert colon So positive results as anticipated and the valuation is now back at where is was at the end of 2014.With reference to my previous post they have diversified their client base with projects undertaken / delivered in no less than 12 countries including the UK and Myanmar. Very encouraging No news of dividend reinstatement despite significant cash balance. The results are, however, (as usual) lacking in detail (strategically / operationally) which is frustrating and does not give investors any real insight into the business. Although some of their contracts involve non-disclosure agreements I am going to be suggesting a need for greater transparency re: their operations. |
Posted at 16/4/2016 10:39 by norbert colon Agreed, general confidence needs to be restored, diversity of income needs to be proven and stability / growth in earnings needs to be established along with the dividend reinstatement. These results are pivotal re: investor confidence. |
Posted at 15/4/2016 21:31 by norbert colon So I am expecting results either next week or possibly early the following week.So what can investors expect? A reminder of the contents of the Trading Statement: So we can expect a profit for the full year and a fairly consistent level of turnover (and high compared to the mcap). This is very good news alone. What should we be looking out for: 1) News of a more diversified client base including perhaps some UK telecoms providers (looking for Saudi work to be less 70% of T/O) 2) News of growth and traction from specific emerging markets 3) New of legislative drivers pushing sales their way 4) News on outstanding receivables from Saudi client(s) 5) A review of Board pay which is, in my opinion, out of keeping with the scale of the company i.e. too high 6) A whiff of dividend reinstatement NCON is valued at net net working capital, 50% of book (and, importantly, tangible book) and a PSR of only 0.25. There is also a lot of cash sloshing around. There is some justification for this low rating i.e. micro-cap, incorporated in IoM with Cypriot links, poor results over recent years, lumpy 'project led' revenue etc, however, they are now coming out the other side of a 3 year transition / strategic plan and subject to the upcoming results this may well lead to a significant re-rating. A mcap of GBP 15m is certainly not out of reach implying a potential 100% return from current levels. |
Posted at 24/2/2016 11:35 by cjohn Well, actually, I've been buying on and off for some time at prices from 11p upwards. And I'm aware that a couple of investor friends have been doing likewaise.Various studies show that lack of liquidity is inversely related to shareholder return. In the case of Norcon, the shares are lightly traded. Sporadic selling at low volumes has marked the price down to bargain levels ie priced at a fraction of current assets. The update implies second half turnover of about $23.5m, ie up about 17% on the first half. If this level of turnover is sustained in the next year, it will put the company comfortably back into profitability. The suggestion from the company, however, is that turnover might increase beyond the second half level. Moreover,the update doesn't say anything that hasn't been predictable from previous company staements. |
Posted at 23/10/2015 09:05 by diku Trading statements are massaged to suit how one wants it to be perceived....then there is always the outside factors affecting trading environment...its a PLC casino....Is that the overhang finally on the move?...or somebody knows something that the so called value investors here don't?.... |
Posted at 28/9/2015 08:44 by russman How about reading up on Richard E. Rainwater & Ms Moore as value investors in the meanwhile.A Ruthless Calculating Couple. “If you couldn’t pencil it out on the back of an envelope, it wasn’t worth doing.” |
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