Share Name Share Symbol Market Type Share ISIN Share Description
Norcros LSE:NXR London Ordinary Share GB00BYYJL418 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.625p -0.35% 180.375p 179.00p 181.75p 180.00p 180.00p 180.00p 14,835 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 271.2 11.5 13.9 13.0 111.21

Norcros Share Discussion Threads

Showing 3076 to 3100 of 3100 messages
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DateSubjectAuthorDiscuss
13/10/2017
15:13
i think this is due to breakout over next few weeks
rimmy2000
13/10/2017
08:40
Norcros is ‘significantly undervalued’, says Numis Shares in bathroom supplier Norcros (NXR) have dipped and Numis believes investors are significantly undervaluing the business. Analyst Christen Hjorth reiterated his ‘buy’ recommendation and target price of 300p on the shares, which jumped 6.5% to 179p yesterday. ‘Norcros’; share price is down 5% year-to-date and the group now trades on a [forward] price/earnings ratio of 5.7x and dividend yield of 4.8%,’ he said. ‘We continue to believe that this significantly undervalues a business that has recorded revenue growth of 8% compound annual growth rate (CAGR) ove the last four years and profit before tax growth of 19% CAGR.’ The most recent update from the group also shows ‘that strong organic progression is being maintained, and with balance sheet optionality, we believe that incremental growth could be driven through mergers and acquisitions’, said Hjorth.
shauney2
12/10/2017
19:58
Hey there's life in the old dog yet! The big question is can we finally smash through 180?
1fox1
12/10/2017
13:26
Norcros has been in the wilderness for four years. Now, it looks like making a comeback. Here are some thoughts on the trading update. At £1.76 per share, Norcros is an interesting company because the valuation looks insanely low. Half-year results showed a big improvement, with revenue growing by 12.5%. Their South Africa division grew by 21% helped by their currency. There has been no mention of profits. I expect South Africa will deliver higher profits, due to favourable currency movements. But, it only contributes 35% of pre-tax profits. I’m concern about their UK division whether reported sales growth of 8.4% has offset greater than expected rise in UK costs. Valuation Forecast for normalised EPS in 2018 and 2019 is 28.5p and 30p, giving it forward-PE of 6.2 times and 5.8 times, respectively. The market capitalisation is 30% below 2013’s peak, despite net cash from operations at a record high of £23m vs. 2013’s £5.6m. It is currently paying 4.5% in dividend yield, despite the payout ratio being around 35%. Dividend is growing at 10%. Final thoughts I like this company and would invest at this level. But given my 30 minutes’ analysis, I urge you to DYOH! If everyone checks out, I can’t see why you shouldn’t buy this share. You want to read more about companies releasing their results today, then click http://bit.ly/2yiGpUt
walbrock82
12/10/2017
09:39
I'm not in here anymore, but when I was, the company said it was aiming to double its turnover, from memory by 2018, which isn't far away now. That was before a couple of acquisitions, but is that target still mentioned, or has it gone away quietly?
trigger blade
12/10/2017
09:00
Agree. the less positive news was the revenue growth slowdown in Q2 vs Q1 (Q1 as reported at AGM). Group constant currency growth was 7.1% for 1H vs 8.2% for Q1. UK constant currency growth was 8.4% for 1H vs 10.9% for Q1. South Africa rate of growth ticked up on a constant currency basis. still satisfactory
jg88721
12/10/2017
08:54
This is what I like to see: The Group continues to focus on working capital and cash management and as a result of this closing net debt is expected to have reduced to around GBP21m (2016: GBP27.5m).
loganair
12/10/2017
07:10
Pleasant change to see NXR release an update with positivity baked into the announcement itself as opposed to their usual fayre of end of week mixed messages.
bdroop
07/9/2017
22:04
Seems to have died a death on here.
mrx001
31/8/2017
09:35
New Edison report:- http://www.edisoninvestmentresearch.com/research/report/norcros656458/preview/#js
jeff h
21/8/2017
11:45
The broker forecasts for Norcros have been updated this morning. Now they are: 2018 Turnover - £285 million (up from £281 million) 2018 EPS - 29.21p (up from 28.04p) 2019 Turnover - £295 million (up from £291 million) 2019 EPS - 30.01p (up from 29.14p)
andrewbyles
08/8/2017
18:40
Jacob Zuma survived the vote, but it was close as at least 26 of his MPs voted against him and another 9 abstained. Had he lost the vote, some analysts were predicting that the rand would increase to 13.50 (it's currently 17.16).
andrewbyles
08/8/2017
01:50
impressive coverage by you Andrew of all matters relating to NXR. Thanks! GLAH
jg88721
07/8/2017
17:38
Jacob Zuma's no confidence vote takes place tomorrow. He's survived seven previous attempts to remove him by a no confidence vote, but it's just been announced that tomorrow's vote, for the first time, will be by secret ballot. If he goes, the rand will rise (it went from 17.55 to 17.28 today) and with it Norcros' SA profits. The economic outlook for SA may improve too.
andrewbyles
31/7/2017
14:48
Hargreave Hale seem to like this for their clients. Now up to 15.25%... an even bigger holding than mine...
edmundshaw
31/7/2017
09:59
According to Barclay's Stockbrokers, this week's broker forecasts are the same as last week - that is EPS of 28.04p for 2017/18. However, that EPS forecast is based upon forecast revenues of £281 million. Since total revenue for 2016/17 was £271.2 million, that forecast would amount to revenue growth of just 3.6%. Given that revenue growth was 10.9% in the first quarter and given that the annual report indicates that there's going to be a sales push this year, the forecast revenue (and hopefully by implication the forecast EPS) seems to be too low.
andrewbyles
29/7/2017
12:23
Quite. Seems so undervalued, eventually they may fall prey to a cheap bid I suppose, but I am not holding my breath for that. Still, if the stock market didn't throw up value like this, it would be a lot harder to make money in it... just needs patience I guess.
edmundshaw
29/7/2017
10:48
What is it going to take to shift the SP? I tried selling 5k yesterday afternoon and the best offer was 175p. Has anyone any feedback from the AGM? What, if anything, are Norcros' brokers doing?
bizana
27/7/2017
21:26
It'll be interesting to see whether the brokers further increase their forecasts in light of today's update - we should know by Monday.
andrewbyles
27/7/2017
17:10
Analysts at Canaccord Genuity hiked their target price on shares of Norcros, telling clients it was "potentially" the most undervalued stock in its sector. The branded showers and bathroom accessories provider's finals on 14 June had come in comfortably ahead of their estimates and progress on its pensions deficit, UK core brands and South Africa. On the back of the above, they revised up their estimates for the company's revenue and earnings before interest, taxes, depreciation and amortisation over the next two years by roughly 3% and 12%, respectively.
loganair
27/7/2017
09:22
Well they can take their time. CMS is still languishing after many years of good performance.
edmundshaw
27/7/2017
09:14
Buying here this morning, this thing has to finally pop! It's been faffing about range bound far too long as the company continues to do well and generate strong cash flows. Impressive statement today and I'm sure if they keep that up, then longer term shareholders will be rewarded here. Time for the institutional fund manglers to start buying one of the few decent lowly rated companies on the market. Once it breaks 185, that could be the catalyst for a sustained mover higher.
sphere25
27/7/2017
08:31
It's a good statement for me too. Hi xxx. Historic progress is in the annual report. https://www.norcros.com/files/4914/9820/6890/Norcros_plc_Annual_report_and_accounts_2017.pdf Net debt? Why would they talk about that when it's only an agm and only into the first quarter of a new year? Margin? Again, we're only at the end of Q1. If you are hovering over the sell button, wanting nanosecond updates of detail, Norcros may not be for you?
ed 123
27/7/2017
08:09
Bought on the bell Been on watch for a while! GL - SJ
sailing john
27/7/2017
08:08
Well, that certainly sounds sound and steady as she goes, thankfully.
cwa1
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