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Share Name Share Symbol Market Type Share ISIN Share Description
Norcon LSE:NCON London Ordinary Share IM00B2R5KD48 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 22.50p 0.00p 0.00p - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 29.5 0.7 0.4 47.9 9.42

Norcon Share Discussion Threads

Showing 401 to 424 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
01/6/2016
14:55
19p is too low, i'd like to see 30p+ I understand CH Deep Value Fund who own 6+% would like to push for a higher price at least. I believe 12% of shareholders are looking to reject this. I have setup this email - norconplc@gmail.com. Email me with your contact details and how much stock you own. Lets see if we can block this by getting 25%+ against the proposed tender offer.
omrshkh
01/6/2016
09:19
Pretty disgusting, seeing trading was improving markedly and 19p doesn't represent tangible net book value.
cjohn
31/5/2016
23:03
Although the message is clear, you do not have to sell.
russman
31/5/2016
15:06
put a sell order in at 19p . My average was 19.5p. loss and a loss on the GBP/EUR. lesson learnt
keevo
31/5/2016
14:11
Yes good bye high and dry!....
diku
31/5/2016
12:28
So what happens here. We just try to sell up now at 19p or wait until July 6 and they sell us out
keevo
31/5/2016
08:54
Morale of the story is insiders own/run the company...wider shareholders are just a side kick!....
diku
31/5/2016
08:51
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.
norbert colon
31/5/2016
08:14
Insiders buying the company on the cheap when they know probably turn around is in place...
diku
31/5/2016
07:59
TRANSACTION IN THE ORDINARY SHARES PRIOR TO AND FOLLOWING THE PROPOSED CANCELLATION Prior to the Cancellation Norconsult Telematics Holdings LTD., the Company's Major Shareholder, has advised the Company that on the date the Circular is posted to Shareholders (being Tuesday 31 May 2016) it will make an order to purchase up to 8,000,000 Ordinary Shares in the market at a price of 19 pence per Ordinary Share. Such order will remain open until the last trading day on AIM being Wednesday 6 July 2016 (unless the order is fulfilled in advance of this date). Shareholders should consult with their own independent financial adviser and/or broker should they wish to consider selling their interests in the market prior to the Cancellation becoming effective. Following the Cancellation The Board is aware that the proposed Cancellation, should it be approved by Shareholders at the Extraordinary General Meeting, would make it more difficult for Shareholders to buy and sell OrdinaryShares should they wish to do so. Shortly following the proposed Cancellation, the Company intends, subject to being able to comply with Isle of Man company law, to return cash to Shareholders by way of a Tender Offer, which will be open to all Shareholders aside from the Major Shareholder, at a price of 19 pence per Ordinary Share. It is intended that the Tender Offer will be open for a period of 3 months (the "Closing Date") from the date that the Tender Offer documentation is sent to Shareholders. Any Ordinary Shares purchased by the Company by way of the Tender Offer will be subsequently held in treasury. The Company will send a circular to Shareholders containing the terms of the Tender Offer at an appropriate time and further details will be made available through the Company's website at hxxp://www.norconplc.com/.
spob
31/5/2016
07:18
Yet another rip-off from a majority AIM shareholder - but at least they're doing the decent thing and paying us slightly over what the shares are currently trading at' still a disappointment though.
value hound
04/5/2016
01:57
I do not fancy trek to IoM.I suppose a conference call would be too innovative.
russman
25/4/2016
09:45
Hi Norbert, just sent a message re the meeting. All best.
cjohn
22/4/2016
11:47
HI Norbert, yes, no geographical details of turnover. They do breakdown assets and liabilities geographically. But this doesn't help too much, as the very tardy and relaxed payment culture in Saudi gives a huge preponderance of assets/liabilites in the Middle East, as would be expected. Whilst I accept what you say about diversification of work performed: 12 different countries, I suspect most of the projects in new domains were small. Diversification is a work in progress. Indications are that turnover will be up this year. If the second half results are repeated, there should be a marked move into profit. What guidance they do give suggests they think upcoming turnover will be better than in the second half. SO we may see turnover rise towards the 50m mark. Let's be peesimistic and say high 40s. I certainly suppport your desire to get more detailed information. I may try and attend the AGM.
cjohn
21/4/2016
09:53
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.
norbert colon
19/4/2016
22:28
22p anybody?...
diku
19/4/2016
15:09
revenue stagnant but profit up. looks like a solid footing anyway to grow.
keevo
16/4/2016
10:39
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.
norbert colon
16/4/2016
09:19
Second half op. profit has been weak for the last couple of years. Trading statement suggests it may be a significant profit for a change. Too early for me to tell if we have turned the corner.
russman
15/4/2016
22:47
Hope so...
diku
15/4/2016
21:31
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: http://www.investegate.co.uk/norcon-plc--ncon-/rns/trading-update/201602170700052553P/ 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.
norbert colon
24/2/2016
11:35
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.
cjohn
21/2/2016
10:05
People businesses will consolidate...lack of liquidity so only the Chairman interested in buying here...
diku
18/2/2016
11:50
Indeed, although I still have 'going private', written as the biggest risk with this one..
chrisdgb
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
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