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Share Name Share Symbol Market Type Share ISIN Share Description
Nmcn Plc LSE:NMCN London Ordinary Share GB0006452857 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.00 -2.17% 225.00 220.00 230.00 230.00 225.00 230.00 8,704 09:34:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 404.7 7.4 57.4 3.9 23

Nmcn Share Discussion Threads

Showing 501 to 525 of 525 messages
Chat Pages: 21  20  19  18  17  16  15  14  13  12  11  10  Older
DateSubjectAuthorDiscuss
20/4/2021
13:26
I noticed that the bank were only comfortable to extend the OD for a month. Hardly a vote of confidence.
jwball
20/4/2021
11:23
In principle the sale of the houses will raise signficant cash as the costs have already been incurred in building them. What is more worrying is: 1. Their bank was happy to support them short term with an overdraft but wasn't interested in supporting them long term and pushed them towards other solutions. 2. The trouble with the construction industry is supply chain confidence and i would think that is shattered. I think it's likely to be a tough few years for NMCN
cc2014
19/4/2021
10:48
Backstreet lender trading from a mobile telephone and not regulated by the FCA. This does not look good at all.
jwball
16/4/2021
16:03
Suggested interest rate 8%+ plus possible arrangment fee. I'm sure they will go lower than that but not a pleasant situation to be in.
cc2014
16/4/2021
15:48
Thanks CC, interesting. Reflex Bridging Limited has £88k of capital at their most recent companies house filing. Something smells a little off with that - they must be a broker/agent connecting private lenders with borrowers. I remember at the beginning of the end for Carillion, they had liquidity problems which they also solved with unorthodox financing (in the German Schuldschein market - also a private placement model). Hopefully this isn't an omen.
squeamish1
16/4/2021
15:37
https://www.reflexbridging.co.uk/
cc2014
15/4/2021
08:06
https://www.constructionenquirer.com/2021/04/15/nmcn-says-sorry-to-suppliers-over-late-payments/ Very sad to see this
cc2014
09/4/2021
09:41
It doesn't look good. Someone erected a large banner outside head office stating "NMCN DO NOT PAY THEIR SUBCONTRACTORS" seems like the 12.5 million overdraft hasn't even touched the sides.
jwball
22/3/2021
09:09
The rise in share price shortly after the news it has found another £5m of losses is irrational. We are left with two thoughts: 1. someone knows something as suggested by Kinwah. Only the buyers aren't the directors so that makes me cautious over that. 2. it's just people chucking money at the market and looking for anything that has pulled back as a bargain. If the economy picks up that will help NMCN and everyone else for sure. It's my view buying this share is taking a bit of a punt. I used to be very optimistic about it's future as the water work was it's largest part and although the margin on it was low, they were steadily expanding and never had a problem job. Until last year which now makes me wonder about their ability to manage anything and everything. Who knows. Good luck to all holders.
cc2014
22/3/2021
08:58
Squeamish one would think a rights issue/placing was about to happen if nmcn was a normal company but it isn't. It is still family controlled and the family hasn't got the money to take up a rights issue. Therefore alternative scenarios which don't need an injection of non-existent family money are more likely. If I had to guess - possibilities include a merger, an injection of venture capital money, a takeover, a sale of the water business, going private with venture capital money. Looking at the disastrous financial performance it is at odds with the rise in the share price so somebody must think they know something!
kinwah
17/3/2021
22:49
Sold out today and thankful for the slight recovery. GLA any holders out there but feels like dilution is coming.
squeamish1
23/2/2021
16:17
mmmmm....fortunately sold out some time ago but amazed the share price still has 3 digits...must be going sub 100
jaf111
23/2/2021
15:18
A £22m full year loss erodes their entire equity base. Medium-term financing on the way, mortgaging their property work in progress - that's not cheap borrowing. And long-term financing now being mentioned for the first time - that can only mean a deeply-discounted rights issue. Makes sense for the new CEO/CFO to start their tenure raising a load of equity capital, so their targets and LTIPs for the next 5 years can be on a post-dilution EPS basis. What a state Homer got this company into.
squeamish1
23/2/2021
14:53
Astonishing.
cc2014
23/2/2021
14:36
What's another £5m loss between friends.
squeamish1
03/2/2021
11:50
Just popping in. Another not very good RNS. What a mess.
cc2014
05/1/2021
11:44
Is that not fraud? Taking money out of a public company when it's not really there?
jwball
23/12/2020
10:25
Retained earnings of £18m at YE 2019. Loss of £16.5m in 2020. So essentially this company has never been profitable, and previous reported profits were lies. Apparently shareholders just have to hope that it will be genuinely profitable in the future, and maybe get a dividend in 2022 for their troubles. I wait with electric anticipation for the announcement that they'll be clawing back the £5.2m performance pay given to the board in 2018 and 2019. Clearly, the performance was make-believe, but the bonuses were real.
squeamish1
23/12/2020
09:42
How poorly managed can a company be to not notice they've lost another £1.5 million?
jwball
23/12/2020
09:27
"2020 has unquestionably been a difficult year for the Group" I'd say. And the prior years which were dressed up presumably.
kemche
23/12/2020
08:38
What a mess.
cc2014
19/10/2020
15:12
I've taken a 50% loss and moved on after thinking about this share over the weekend. Too many unknowns for me, and we know results are going to be terrible. Topped up my GSK and Aviva holdings whilst they look cheap.
igoe104
19/10/2020
11:57
I am at a loss to understand who is buying this share at 200p A loss of £13.5m wipes out the last 2 years profits but more concerning to me would be it suggests they have no clue from their management accounts what their real profit position has been for some time. So, who can guess what underlying profits or losses they have in the work they are currently undertaking. My guess would be not very much. At best they revert back to making a couple of million a year. At worse they've got jobs they are currently working on which have no profit or losses. Even in the best case 200p looks looks pretty racy to me.
cc2014
16/10/2020
16:01
NEW Note Out. shorturl.at/ekS35
igoe104
16/10/2020
13:56
Kinwah_ Very true - especially last sentence.
pugugly
Chat Pages: 21  20  19  18  17  16  15  14  13  12  11  10  Older
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