Norcon Share Discussion Threads

[taylor20] 10/12/2010 10:33

By the way, anyone received the dividend yet? Nothing from Selftrade so far.

[taylor20] 10/12/2010 10:31

Pretty grim statement!

But T/Over still around $70m, with perhaps an extra $1.5m of admin expenses. So EPS for the full year around $0.09 (i.e. 5.5p). Could support the price around here?

[stegrego] 10/12/2010 10:06

Has come back very strongly, which suprises.
Maybe a few director buys?

[stegrego] 10/12/2010 08:06

I dont think its that harsh.

This was a growth and high yield share.

Its going backwards on growth, with also none forecast for next year.
Yield will be down considerably as they payout based on 50% profits.

Overall, rubbish and im out first thing.

Id rather take the loss and CGT credit than wait for this to come back.

[maltatrader] 10/12/2010 07:49

down 28%...........very harsh!

[stegrego] 10/12/2010 07:34

And its pants....

[maltatrader] 10/12/2010 07:33

trading update out.........

[dunluce] 12/11/2010 09:27

Taken a first small tranche here and will be looking to build upon this. Unknown stock paying a consistent and decent dividend. As the commodities prices begin to heat up I will be looking for other potential investments and think this may be one to fit the bill. ( NB still think commodities have a way to go )

[maltatrader] 03/11/2010 12:32

looks like another positive day for ncon....

[dozey1] 02/11/2010 09:12

Andy, thanks for flagging up that interesting article. I don't know if it's 'paid-for' research, but even so it appears realistic. Perhaps the biggest risk factor is if the Saudis pull the plug before diversification reduces the potential impact. Meanwhile if the increased free float reduces the spread I think it will appear on more stock-pickers' radar screens. Certainly for me a strong hold.
Good luck.
Doze

[maltatrader] 02/11/2010 08:37

looks a very interesting tiddler to me......

[andy] 05/10/2010 23:34

New article!

[dunluce] 21/9/2010 16:15

Dozey1,

Fully understand your thoughts re NCON. I think there is potential here - especially if management can increase business outwith Saudi Arabia. Yesterdays fall may just be a blip or distressed seller - but in these situations I find it pays to wait and watch for a while at least.

[dozey1] 21/9/2010 10:08

With net cash and 9% yield it looked a no brainer, so I bought some a while back because I have no brain. It's been falling ever since, and yesterday's fall was disquieting. Nevertheless, I'll be hanging on. Remember the income is entirely non sterling, with Saudi Arabia one of the main customers and they are not going bust anytime soon. The horrendous spread means the dividend effectively only kicks in after nearly 18 months, which perhaps explains its unpopularity.

Doze

[dunluce] 20/9/2010 20:49

Interesting development today - have been watching this for a while - tempted by divvy. but not yet bought in. @ 1.7% of company offloaded today - much higher volume than of late. I think I will continue to watch and wait.

[labatie] 20/9/2010 19:29

Disppointingly weak since the interims, which after all weren't that bad.

I suppose it's a reflection of the illiquidity

An 11% spread!!

[dozey1] 28/6/2010 18:39

The announcement today:


confirms that "...Norcon has signed a contract with Telenor, one of the leading international providers of telecommunication services, to help it deploy 4G networks in Norway. This contract is a key step in developing the business in Scandinavia and other territories around the world, and will well position Norcon to take advantage of the significant commercial opportunities associated with the network expansion and upgrades related to the 4G/LTE technology
implementation."

Further good news, and still not reflected in the price: 74p at close.

[stegrego] 17/5/2010 20:23

Hoodless B

Norcon (NCON, 69.5p, £33.39m) has secured further contracts with Saudi Telecom Company. The contract highlights the group's strong relationship with the client and strong revenue viability for the remainder of the year and beyond. We continue to believe the group is undervalued, trading at a discount to its peers on a 2010 PER of 5.9x and a sustainable yield of 9%. This is a yield stock. We reiterate our BUY recommendation with a target price of 97p.

[labatie] 17/5/2010 07:52

RNS Number : 9975L Norcon PLC 17 May 2010

17 May 2010

Norcon plc

("Norcon" or the "Company")


BUSINESS UPDATE


Norcon plc (LSE/AIM: NCON), the global communications network specialist, is pleased to announce that it has signed further contracts with Saudi Telecom Company (STC), the leading national provider of telecommunication services in the Kingdom of Saudi Arabia. These contracts provide significant visibility for Norcon for the remainder of 2010 and beyond, and cover a broad spectrum of projects and tasks.

Norcon has been providing consultant and project management services in the Kingdom of Saudi Arabia for more than 40 years with a long-standing track record of success in that region and elsewhere.

Arnold R?t, Chief Executive Officer of Norcon, commented:

"I am delighted to be announcing this extension in our relationship which is an expression of satisfaction on the part of our customer in the services we offer and I would like to thank them for their continued confidence in Norcon.

For further information, please contact:

Norcon plc
Arnold R?t, Chief Executive Officer [phone]
Marne Martin, Chief Financial Officer [phone]


Financial Dynamics
James Melville-Ross, Matt Dixon or Erwan Gouraud [phone]


Finncap
Corporate Finance - Clive Carver, Charlotte Stranner [phone]

[stegrego] 28/4/2010 22:18

Direct link

[labatie] 28/4/2010 20:08

Thanks. I've just read it.

This seems absurdly cheap

[taylor20] 28/4/2010 08:35

Try:

Doing a search on a reasonably unique looking phrase like "opportunities in 4G/LTE mobile networks" (with the quotes) often finds the quoted article.

[labatie] 28/4/2010 07:19

Who are IS Research please?

I've Googled them and nothing comes up.

[oregano] 23/4/2010 15:38

there is a thorough note out from IS Research, target price 110p

Norcon is a well established communications and IT consultancy to telecom operators and government agencies. Started in Norway in 1957, the company has been listed on AiM since 2008, and has delivered consistent revenue and profitability growth and a high dividend yield, despite the recent economic recession. The company's historic focus has been the Middle East, but it is now expanding into Africa and Asia, and sees new consulting opportunities in 4G/LTE mobile networks, firstly in the Nordic countries, and subsequently in other geographical markets. Norcon's success reflects its vendor neutrality, its long term, integrated relationships with its clients, close to 600 long term contracted staff and its access to more than 3,000 freelance consultants which enables it to manage costs effectively as well as be able to offer a full range of expertise and knowledge. Norcon shares trade at a significant discount to its Consulting and Systems Integration peers, despite its growth record and high dividend yield, and even at 110p per share (50% upside) would still only be valued in line with its peers.

[gdp2] 02/4/2010 12:23

I like the 4G exposure here, and can't imagine the tech will progress as slowly as 3G as companies actually know what they are doing now (Or need NCON to do it for them!)

Great financials and very good value here IMO. Will look to get in nearer June / July