Nmcn Share Discussion Threads

[igoe104] 08/7/2020 11:55

nmcn division wins contract worth almost £4m

A division of Nottinghamshire-headquartered nmcn has revealed a contract win of almost £4m in Lincolnshire

[igoe104] 01/7/2020 15:13

Progress made on scheme to unlock economic growth for district.

“This scheme is one of a number of projects successfully completed by nmcn for Barnsley and we hope the relationship will be further strengthened

[igoe104] 30/6/2020 08:15

Recruitment drive at nmcn after framework wins.

National contractor nmcn is on a recruitment drive in the South West following a series of framework wins across the region.

[eclair] 25/6/2020 18:00

Yes, also sorry to see you go CC, you've been a stalwart on this board.

[igoe104] 25/6/2020 11:28

Sorry I stand corrected, misread it.

[cc2014] 25/6/2020 11:23

Are we sure the dividend is going ahead? Is it not "postponed" until more visibility later in year? No mention of it in the AGM update.

I might have missed something.

[igoe104] 25/6/2020 09:17

* A new research note has come out.

[igoe104] 25/6/2020 08:57

You've got to be happy with that update - under the current circumstances. Divi in august, looks like they have been deploying the cash for working capital, which means a lot of work seems to becoming nmcn way. where i live, i constantly see NMCN working on various projects.

[jaf111] 25/6/2020 07:50

All things considered a pretty decent update.....seems to be perfoming well and much better than the recent share price weakness suggests.

[battlebus2] 25/6/2020 07:08

Sorry to see you go CC....

Happy with this mornings update given the Covid pandemic and what disruption and damage it’s caused and is still causing.

[cc2014] 24/6/2020 09:24

Regrettably I've closed my position recently. Pity because without Covid-19 this was easily going to £10 in due course.

Now I think we are in for years of overcapacity and low margin business in the construction sector.

I think NMCN will fair better than most but better than something really bad doesn't cut it for me.

GLA.

[networker] 08/6/2020 17:31

Legacy Contract mentioned in Note 31 to published Accounts. Does anyone know exactly what specific contract this relates to? In the year ended 31 Dec 2019 amount lost was £1.49m (2018 Loss £0.51m). Any thoughts on how long this wretched saga will continue and what the quantum (if any) will likely be in year 2020?

[igoe104] 02/6/2020 12:29

At last we see a rise - surly a correction is on the cards at this level....

[battlebus2] 29/5/2020 10:20

Just a thought but could Stuart Proud be selling his shares now he’s retired?
Last notification I have he held 110k.

[igoe104] 28/5/2020 16:07

I've joined you here CC2014, With over 20k worth over two transactions, looks very much undervalued at this level.

[networker] 22/5/2020 17:35

Do any followers have thoughts on the recent price action here, which is now close to the low for the past year or two? There seems to be a persistent small seller (in lots of between 500 and 1,000 shares). Could it be a disaffected family member? If someone has a tranche to sell ( and there aren't many, if any, institutional shareholders ) why not achieve a better overall price by placing them via the company brokers?

[cc2014] 27/4/2020 12:40

Ok, so not so good at the charts today but here are the comparison between buy prices now and buy prices at the close on 22nd

NMCN 470 vs 440 6.8% rise
GFRD 140 vs 118.5 18.1% rise
MGNS 1314 vs 1346 5.5% rise
CTO 97p vs 86.6p 12% rise

AHT 1950 vs 1798 +8.5%
SDY 64 vs 58.8p 8.8% rise

Bearing in mind the actual buy price right now appears to be 449p it looks like NMCN is lagging the rest to me and no doubt it will play catch up when it is ready

[cc2014] 27/4/2020 10:47

Think this may be about to move up. 1000 shares available to buy at 451 but if you want 1500 MM want 469.

This would fit with some of the moves on GRFD, MGNS etc. over the last few days. I'll try and post some charts later.

[cc2014] 23/4/2020 13:17

bit disappointed here. With the news housebuilding is coming back on stream along with the rest of construction, resulting in most of the housebuilders up 10% I though this would have given a little kick to NMCN and it's results today.

Oh well. Maybe delayed reaction will come through later.

[cc2014] 23/4/2020 10:32

I've taken a closer look now. Profits up 24% on an actual basis but would have been through the roof if not for the £3m of non-recurrent costs which we must assume won't reoccur as by their nature they are non-recurrent.

Nothing of concern really. Everthing seems on track. A happy bunny here.

[lancasterbomber] 23/4/2020 09:16

Just added

[cc2014] 23/4/2020 07:39

Results look pretty stellar to me. Turnover in excess of £400m now on their way to becoming a major player in this sector. Profits up. Cash still very strong and omg they've finally fixed the losses on the telecomms business and when I say fixed it's not just removed from but instead turning a very healthy profit.

[jaf111] 14/4/2020 10:19

Another Covid-19 update from the company.....as 24 March certainly worth a read!
Definitely remains on my "Do not sell" list.....and probably about to go on my "Looking to increase" list....

[battlebus2] 24/3/2020 16:01

Yes it’s pretty upbeat, given the situation to be in demand is ok by me.

[jaf111] 24/3/2020 15:46

Interesting RNS just out......some disruption buy their "services remain in demand"