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 Shares Traded Last Trade
  15.00 10.0% 165.00 12,205 15:11:57
Bid Price Offer Price High Price Low Price Open Price
160.00 170.00 165.00 150.00 150.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 404.66 7.44 57.36 2.9 17
Last Trade Time Trade Type Trade Size Trade Price Currency
15:59:12 O 5,713 174.00 GBX

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Date Time Title Posts
14/6/202118:36NMCN (previously North Midland Construction)547

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Nmcn (NMCN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-15 15:12:07174.005,7139,940.62O
2021-06-15 14:59:13169.80813.58O
2021-06-15 14:47:12169.8023.40O
2021-06-15 14:26:49170.0080136.00O
2021-06-15 14:11:58170.002847.60O
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Nmcn (NMCN) Top Chat Posts

Nmcn Daily Update: Nmcn Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker NMCN. The last closing price for Nmcn was 150p.
Nmcn Plc has a 4 week average price of 147.50p and a 12 week average price of 147.50p.
The 1 year high share price is 400p while the 1 year low share price is currently 147.50p.
There are currently 10,406,108 shares in issue and the average daily traded volume is 8,663 shares. The market capitalisation of Nmcn Plc is £17,170,078.20.
cc2014: I suppose the current issue is one of supplier confidence. Possibly they get a facility for £50m, but once suppliers are comfortable they are getting paid, NMCN only need to use £20m of the facility and in a year's time they can get a deeply discounted open offer away which gets the long term financing under control.
cc2014: I'm not sure JAF 111. The 2020 loss wipes out more than 5 years profits and in those years there were no significant financing costs. A loss for this year too. How do you restructure a business if there is no underlying long term profit? 2015 profit £0.6m 2016 profit £2m 2017 profit £1m 2018 profit £6m 2019 profit £7.4m 2020 loss £25m? The price action on the shares suggests otherwise though. The insiders aren't rushing for the door to sell their shares at any price. Unless of course they sold months ago! I hope they manage some form of deal. This must be very difficult for 95% of the staff who surely did not know the accountants and senior managers could not add up.
cc2014: No surprise at all as far as I can see. Situation with financing is being driven into a wedge where either they get financing or they don't. Either way no profits this year which is hardly a surprise given recent losses and additional finance costs they will have to incur if financing successful. What surprises me most is that the share price is still above the 2009-2016 100p low
cc2014: I followed his trades at the time and he paid roughly between about 125p and 350p a share. I would guess his average is below 250p, but not lower than 200p. It's a bit hard to tell as I know he got a significant number under 200p. He will have had some dividends along the way too. If he's selling out it's going to take forever. I know as I sold mine last year. I started with 41k shares and dripped then into the market. I was more or less the only seller and it took me 6 weeks, 40 trades and during the process the share price fell 15% I don't know why he's selling any more than anyone else, but one of the on-line news mags report NMCN are looking for £50m loan. At say 8% that's going to cost them £4m a year. When you look at the underlying profit over the last 5 years it is probably negative after the £25m loss. Would you lend at 8% in these circumstances? I wouldn't. I'd want say 12% and then the interest bill is £6m a year and the numbers don't add up. What they need is a cheap Covid loan of some type. I don't know how feasible that is. Because they need £50m as the supply chain has lost confidence. If it was BAU they'd need maybe only need £20m which would be do-able.
jwball: Biggest independent shareholder selling up can't be a good sign. I'd guess he's taking quite the bath on them at this price.
cc2014: Lee will join nmcn in H1 2021 from NG Bailey Limited one of the UK's leading engineering and services business with a turnover of GBP573m (FY 20) and 3,200 employees, where he has been Group Commercial Director since May 2013. He has over 30 years' experience working in all areas of the construction industry. Prior to joining NG Bailey, he was a commercial director for FTSE 250 business Galliford Try, within its building's division. He has previously held director roles for companies including Laing O'Rourke plc and Crown House Technologies.
cc2014: NMCN article Nmcn secured an initial round of refinancing last month worth £21.2m. It is still in talks with under lenders about a larger deal – which the Enquirer understands is worth around £50m. Would you lend them £50m? They look like toast to me. Not much to think about until the share price gets to 50p
cc2014: 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.
kinwah: 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!
jaf111: mmmmm....fortunately sold out some time ago but amazed the share price still has 3 digits...must be going sub 100
Nmcn share price data is direct from the London Stock Exchange
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