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
  -7.50 -1.29% 575.00 1,741 08:13:40
Bid Price Offer Price High Price Low Price Open Price
550.00 600.00 580.00 575.00 580.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 291.77 1.00 7.31 78.7 60.0
Last Trade Time Trade Type Trade Size Trade Price Currency
15:56:24 O 300 555.10 GBX

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Date Time Title Posts
28/6/201910:00NMCN (previously North Midland Construction)332

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Nmcn (NMCN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-07-16 14:56:25555.103001,665.30O
2019-07-16 14:21:47555.002141,187.70O
2019-07-16 13:53:16580.00172997.60O
2019-07-16 13:24:59555.00128710.40O
2019-07-16 12:13:03555.004272,369.85O
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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 582.50p.
Nmcn Plc has a 4 week average price of 575p and a 12 week average price of 510p.
The 1 year high share price is 785p while the 1 year low share price is currently 335p.
There are currently 10,406,108 shares in issue and the average daily traded volume is 1,832 shares. The market capitalisation of Nmcn Plc is £59,835,121.
cc2014: The research note is telling us is that NMCN want to have a different relationship with their shareholders than they have for the last 50 years. To me this is part of the progression of the company. Along with the re-branding it is telling us they are ambitions far beyond where they are today, but what the report also tells us is they wish the market to understand this will be done in a robust, measured and sensible way. Further they don't wish to be lumped in with all the other construction companies, many of whom (Carillion, Interserve, Kier, Galliford, Amey, Laing O'Rourke, I could go on) have badly managed risk and cash but instead have a clearly differentiated strategy which targets markets where they provide expertise and/or has high barriers to entry. The report will make more investors aware of NMCN and help liquidity something that is needed and will have put (large) investors off in the past. This should in itself help the share price. Finally, I wonder whether it reflects a slow change in outlook in the Moyle family in their desire to retain their shares. Certainly the numbers in the forecasts are not the type of numbers you would be using if you wanted to sell your shares, yet it sets up a position that invites attention. Perhaps it is as simply as that, they would be open to an offer at a high price, but want to ensure the market is sufficiently aware of the value of the company that they don't have to deal with a derisory offer. Further, I would say if the company reaches a certain market cap, say £200m, the Moyle family will come under pressure to sell shares to provide liquidity. This sort of research means that if they do sell they will get a decent price for them or alternatively greater awareness of the company leads in itself to greater liquidity and a closer spread. I am now in a quandary. I have my core holding from 115 I shall keep for years yet. I like everything I see and at my age I'm happy for NMCN to progress at a steady pace and look after my investment. However, I also bought a much smaller amount at 500. I was going to sell these on the trip back to 785 but now I'm not sure whether to hold them long term.
jaf111: AGM next Thursday so there will almost certainly be a trading update in the AGM statement..... Am expecting / looking forward to positive news and continued progress on margins. IMO the recent weakness of the share price completely unwarranted.......fingers crossed!
cc2014: Yeah. this one: I was waiting for an RNS to tell us if it's another director buy... Taking a bit too long now.
cc2014: £50m market cap. £33m in the bank, £20m of property, plant and equipment and no debts and no pension fund deficit. Didn't think I'd ever see this price again! Off for a walk now. I look forward to the share price being repaired when I get back in a couple of hours.
moneygenxyz: Finished reading the report. I’ve been fairly positive on this for some time but I’m becoming more neutral now. Key pointers: 70% of Water segment revenues derived from one customer (Seven Trent) which generated ~4% margin. The outlook was flat on this going forward due to AMP transition. Built environment net margins 0% and declining revenues. Now, revenues will be lumpy due to project based work but not pleased with the sub zero margin. Looks like segmental information has become less transparent. Finally a positive current ratio but if we were to settle accounts and liquidate everything today we’d be left with £18m of plant and equipment. That’s well and good In an environment where FCF is £10m every year but the narrow margins here means that the story has potential to change rapidly in a downturn. Overall, positive, was expecting more from the share price given £7m earnings and 18p dividends. Will be sticking around with the other half of my investment to see if it shifts over the coming months - if not, can’t see many more catalysts.
cc2014: I agree around the becoming more grown up bit. I assume they have their motivations. Tbh I'm quite happy with the way they approach things. Of course I would say that as the share price keeps going up. I assume the closed period starts around now as it's usually 30 days before the results, selling could have been done if they wanted. Mr. Charlton isn't a director anyway so he could quite happily sell at any time. I see that whatever volume they MM managed to get and have been shifting at 780 they've presumably now run out of. All good. I love this stock
qs99: 25 Jan 18 was the trading update and notice of March results. Yet here we are a month later from that same time last year and zip? yet share price has risen 20% in that interim period which to me is at least a little "suspicious" no? OR am I being to "read too much into everything"? haha....DYOR and thoughts welcome....obviously a bid over a tenner would be nice...!
cc2014: The buyer from post 107 is still going. He's just managed to buy 500 but had to pay 720. Winterfloods have cut their spread today to 40pts which tends to suggest they now have something approaching a flat book. I'm not bothered anyway. Whilst's it's exciting to see the share price tick up every day I'm in for the long run. The way I look at it is the following: Three year revenue target £450m, margin 4%, gives profit of £18m with 17% tax on a P/E of 10 gives a market cap of £149m, more than double where we are now. I see the £450m as realistic with £500m possible if things keep going as they are. The 4% margin misses John Homers's target by 1% so I think that's prudent. The P/E is reasonable compared with sector peers especially given no debt and £15m or so of cash in the bank. Even a margin of 2% gives a market cap of £75m, which is slightly above where we are now and pre-supposes very little improvement from the current 1.75%
cc2014: I suspect they are being hoovered up by "those in the know" before the January pre-close trading update which is in about 2 weeks time. Clearly almost all holders have a high level of conviction and aren't selling, thus the share price is moving up
Nmcn share price data is direct from the London Stock Exchange
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