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
  -1.625p -0.96% 167.50p 165.25p 169.75p 173.00p 173.00p 173.00p 32,648 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 271.2 11.5 13.9 12.1 103.27

Norcros Share Discussion Threads

Showing 3051 to 3075 of 3075 messages
Chat Pages: 123  122  121  120  119  118  117  116  115  114  113  112  Older
DateSubjectAuthorDiscuss
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
27/7/2017
08:02
It is a +ve statement, but it would have been helpful to hear about margins and or nett debt. I find it difficult to get a handle on overall progress in the business.
xxx
27/7/2017
07:45
Yes. For an in-line statement, it makes pretty good reading! :-)
edmundshaw
27/7/2017
07:12
It's an impressive trading statement - a 10.9% increase in UK sales and continued growth in South Africa (3.5% and much more when adjusted for the currency) even though the economy there is technically in recession.
andrewbyles
24/7/2017
11:10
A couple of weeks ago Canaccord Genuity increased their target price from 217p to 315p, observing that Norcros might be the most undervalued stock in it's sector. The share price briefly went to about 185p, but has now slipped back. It's disappointing. Might anything change anytime soon? There are three things to look out for. First, we'll get an interim management statement on Thursday morning in advance of the AGM later that day. Hopefully, it'll be positive and will lift the share price. Second, it seems Norcros is planning a big sales push across its businesses for the Autumn. For example, Triton has just undergone a rebranding and will be running television adverts from September across ITV, Channel 4 and Sky (hxxps://www.tritonshowers.co.uk/about-triton/triton-press-releases/triton-invests-in-brand-development-campaign-to-boost-business). Third, if previous years are a guide (they might not be if stock is increasing as part of the plan to push sales), net debt is probably in the region of £20 million and will be somewhere between the £10 and £15 million by March 31st 2018. If there isn't another acquisition soon, share buybacks or big dividend increases become likely (indeed at the AGM the directors are, at resolution 16, seeking authority to purchase up to 10% of the shares - they say that there are no plans to use the authority at the moment, but will consider using in the future if appropriate). A further acquisition or a share buy back are likely to enhance EPS (which are forecast to be 28.04p in 2018). Increases in bond yields will also help, but they've slipped back over the past couple of weeks - the yield on a 30 year bond had made it into the 1.90s, but is now back into the 1.80s (a couple of months ago it was in the 1.60s to 1.70s).
andrewbyles
24/7/2017
10:50
Jeez this is a frustrating share.
1fox1
22/7/2017
16:42
Really don't like the bond proxy this play is. Not convinced any turnaround in the core business will prove a sufficient price catalyst given the large impact a small change in bond yields can have
dan_the_epic
11/7/2017
17:36
Already been tempted at this level, and have a decent holding; I will look again if it dips further.
edmundshaw
11/7/2017
10:00
Morning All Decided to have a nibble at a few as they look "sensible" value at these levels to me. No doubt they will go lower still but, hopefully, in the fullness of time, etc....... Anyone else remotely tempted?
cwa1
06/7/2017
16:39
Don't mention it Andrew, it's great to hear some good news...
edmundshaw
06/7/2017
13:29
I'm sorry to go on about bond yields, but the yield on 30 year UK bonds is up 0.122% today, so that's potentially almost another £8 million off the pension fund deficit.
andrewbyles
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