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Share Name Share Symbol Market Type Share ISIN Share Description
Norcros Plc 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
  1.00 0.33% 302.00 302.00 316.00 302.00 301.00 302.00 5,050 12:39:48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 324.2 18.5 18.6 16.2 244

Norcros Share Discussion Threads

Showing 3526 to 3550 of 3550 messages
Chat Pages: 142  141  140  139  138  137  136  135  134  133  132  131  Older
DateSubjectAuthorDiscuss
21/7/2021
13:46
xxx 1. Pension defecit 2. South Arfica Like yourself I ask this question when I see what I perceives to be a mis-price. If I think the market has over-reacted to the negative side and can convince myself this is so I will buy the stock. "Sometimes the market can stay irrational longer than you can stay solvent " is one quote I have in the back of my mind when I do so. But I don't buy on leverage and this certainly is not going bust. The PD is not the issue it once was. As you elluded to, the management have navigated this in a very canny way (the acquisiotioned growth has drawrfed the PD by proportion of ration to earnings). Many market analysts are still living in the past with this stock. The S.A thing is also nothing like as significant as some seem to think. Obviously any political situation is difficult to quantilfy but in terms of how it effects this business it's not in my view enough to warrant a major discount.
thorpematt
21/7/2021
09:10
I have owned this share for a few years now and bearing in mind the progress in managing the shape of the business, accretive acquisitions and the really successful way they managed the last year, warning early, turning to cash and then turning trading back on, I am surprised at the lack of interest in the shares. Why do people reckon this is so ?
xxx
21/7/2021
09:06
During the quarter the Group implemented a number of measures to counter the well documented supply chain disruption and increases in freight and input costs to maintain margins. Pug, I think it’s better to post the full paragraph for context.
deanowls
21/7/2021
08:40
Management doesn't usually comment on the bottom line at the AGM.
spooky
21/7/2021
08:03
22% higher than 2019 sounds goood to me. Strong brands = stronger pricing power IMO
thorpematt
21/7/2021
07:48
Encouraging trading update so far as volumes - Nothing however on bottom line - A concern (imo) in view of comments made on on increased costs "the well documented supply chain disruption and increases in freight and input costs"
pugugly
08/7/2021
07:57
CMO Group launches on AIM this morning hTTps://www.investegate.co.uk/cmo-group-plc--cmo-/rns/admission-to-trading-on-aim-first-day-of-dealings/202107080700035240E/
spangle93
06/7/2021
14:10
New 13 year high! Good luck all Sooty
sooty snipes
24/6/2021
19:36
https://www.fool.co.uk/investing/2021/06/24/best-shares-to-buy-now-the-top-growth-share-id-buy-with-2k/Norcros (LSE:NXR) just jumped right to the top of my picks for the best shares to buy now. The £245m market cap business supplies high-end bathroom and kitchen branded products. Most wouldn't look out of place in a posh Kirsty and Phil makeover, like Abode sinks and taps, and Johnson ceramic tiles. UK homeowners splashed out £39bn in the last 12 months on property improvements, according to recent surveys. It's understandable, with more people working from home and seeing upgrades they'd like to make. And I really like the figures I see in the Norcros back-end. Net profit is expected to jump 72% from £15m to £25.8m in 2021. And yet the shares are trading on a forward P/E of less than 10. So there's value plus growth potential here. Bosses have continually improved the company's profitability over the past few years. Return on capital nearly doubled from 6.8% in 2020 to 12% in 2021. This shows me it's a well-managed business. Some of the country's richest investors seem to agree these are the best shares to buy now. Premier Asset Management, the company's largest institutional shareholder, upped its stake by 773,000 shares on 16 June. It now holds more than 11% of the business.OutlookThere are a few dampeners to consider. It's not all sunshine and roses, and as an investor, I need to keep a calm head and not get overexcited. Group revenue for the year to 31 March 2021 dipped around 5%, to £342m. And Norcros's South African arm pulled in a slightly lower percentage of the group's revenue this year than than the year before. "Group revenue outside the UK has decreased in the year to 41.6%, reflecting the impact of Sterling strengthening relative to the Rand," Norcros said. South African currency markets have experienced significant volatility over the past 12 months. And as local business reporters note, that made it bad news for anyone moving funds out of the country. But looking further ahead, I can see Norcros expects its revenues to keep growing, along with those tasty net profits. And earnings per share (EPS) are forecast to jump from 22.4p to 31.5p next year. That 30% EPS hike comes at good value. Price-to-earnings growth stands at less than 0.5. Anything under 1 is generally considered excellent value.
tole
17/6/2021
09:52
It is Dave. On a lower multiple though. I wonder what those assets are and whether they are tangible? NXR also has overseas diversification and varied revenue and work streams. But that’s the game and it’s great they are listing as it has a comparative read across and hopefully helps the valuation here
deanowls
17/6/2021
09:00
hTTps://www.insidermedia.com/news/north-west/victorian-plumbing-set-for-850m-market-cap? According to Companies House Victorian Plumbing Group PLC (the new entity readied for the flotation) has £320m assets as at May 21 (can't follow why!) and its predecessor Victorian Plumbing Ltd made £26m profit as at Sept '20 on turnover of £210m. Surely Norcros must be worth more than the proposed Victorian Plumbing business with its higher profits!!.
davebowler
10/6/2021
09:44
With this stock everyone is busily hunting around for the slightest negative to explain the low rating. With others they ignore big red flags and the shares go to the moon.............temporarily. Management has done a great job here over a number of years, if the market doesn't rerate the stock it will get taken over IMO.
spooky
10/6/2021
09:24
All the metrics look good. Of course there are uncertainties about pent up demand and its tail effects, stock levels and future virus effects, but we had those uncertainties a year ago and there seems no reason to be especially pessimistic then or now.
edmundshaw
10/6/2021
08:27
Previous gudance was: "... it is now expected that reported underlying profit for the year to 31 March 2021 will be no less than £28m on a post-IFRS 16 basis and ahead of current market expectations of circa £25m." That's come in at £30.6m pre tax, £33.8post tax. Pension scheme has reduced to GBP18.3m at 31 March 2021 from GBP48.9m at 31 March 2020, Divi re-instated, cover by 3.8 times Balance sheet Gone from debt £36.5 to cash £10m Small deferred VAT to go back Forward earning forecasts, not trailing EPS is what we must look at here. I will await any update on that butthis is heavily mis-priced on forward outlook IMO. There is no longer a debt problem a PD problem so a sensible PER is warranted.
thorpematt
10/6/2021
07:51
Sustained investment in new product development will continue to drive organic growth alongside our market leading brands, customer service and best in class quality. Our product vitality rate, the percentage of revenue in the period derived from new products launched in the last three years, was, as expected, lower at 28% (2020: 33%) mainly due to the COVID-19 related disruption to supply chains and the temporary closure of retail showrooms during the year. Our vitality rates are market leading and are expected to increase this year as our new product launches are accelerated back closer to pre-COVID-19 levels.
zipstuck
10/6/2021
07:48
Shame that Shaun is leaving but James seems to have an excelent background.
pugugly
10/6/2021
07:48
Underlying operating profit increased by 4.6% to GBP33.8m (2020: GBP32.3m). Our UK businesses delivered underlying operating profit of GBP26.9m (2020: GBP24.4m), and our South African businesses generated an underlying operating profit of GBP6.9m (2020: GBP7.9m). Group underlying operating profit margin was 10.4% (2020: 9.4%). Underlying operating profit includes GBP3.3m of UK Government assistance in respect of the Coronavirus Job Retention Scheme and GBP0.2m and GBP0.8m respectively from the Irish and South African governments in relation to similar schemes. The support received is net of a GBP0.7m repayment, made in June 2021 of Coronavirus Job Retention Scheme support received from the UK government in relation to furloughed employees that were made redundant as part of the COVID-19 related restructurings.
zipstuck
10/6/2021
07:40
Stunning figures on every level, post covid revenue and profit recovery, cash generation, debt reduction, fall in pension deficit, dividend increase and future guidance indicating 23% revenue uplift on 2019 pre covid numbers. Management have done a great job.
spooky
12/5/2021
09:28
Strange move this morning.
spooky
26/4/2021
17:01
Another Edison analyst report upgrade was released last week hTTps://www.edisongroup.com/wp-content/uploads/2021/04/Norcros-FY21-profitability-exceeds-prior-year.pdf
spangle93
16/4/2021
22:39
here are details of the pension scheme liabilities each year end for the last 4 years the trend here does look fairly clear. The numbers look fairly consistent with the 4% annual decline in members mentioned by Jeff H above. 2017 467 mill 2018 447 mill 2019 428 mill 2020 410 mill
rmillaree
16/4/2021
14:22
Buy for the extra 10p value
deanowls
16/4/2021
14:08
Norcros: ‘attractive’ name in a recovering market Bathroom and kitchen products supplier Norcros (NXR) is an ‘attractive’ way to play the repair, maintenance and improvement (RMI) market, says Peel Hunt. Analyst Sam Cullen reiterated his ‘buy’ recommendation and target price of 310p on the stock, which closed up 4.2%, or 12p, at 300p on Thursday. Cullen said the group continues to benefit from a recovery in the RMI market in both the UK and South Africa, prompting it to raise full year guidance just two weeks after its last upgrade. ‘Operating profit is now expected to be at least £33m, a 6% upgrade on prior guidance, with net cash of £10m,’ he said. ‘The shares remain cheap at circa 9x current year 2022 earnings and we believe the company remains an attractive small-cap way to play the recovering RMI market, while the potential for further M&A should not be discounted.’ Https://citywire.co.uk/funds-insider/news/expert-view-unilever-travis-perkins-naked-wines-loungers-and-norcros/a1495460?ref=citywire-money-latest-news-list#i=6
jeff h
16/4/2021
14:07
Interesting discussion regarding the DBS guys. I have noticed how the number of members of the scheme seems to decline by about 4% a year, presumably as it is a "super mature scheme" ie the age profile of the membership is on the very mature side. I was thinking that the reduction in total members would be followed by a reduction in total liabilities although somebody pointed out to me in certain pension schemes the spouse of the member sometimes carries on receiving the pension benefits...not sure if that is the case with the Norcros scheme? In any case the amount payable in annual benefits paid from the scheme has near peaked meaning the task of generating income from the assets to pay the benefits has also near peaked and I guess soon we will be descending down the other side of the mountain needing to pay out less cash in annual pensions with an overall pension deficit being replaced with an overall pension fund surplus.
jeff h
15/4/2021
22:16
Welcome Volvo. Good to see you here. I have been holding this for 5 years and it has not disappointed. And it does lookas if it is about to make another forward step. The performance in the last year has been commendable; I particularly like the way they have been taking market share, both in the UK and South Africa... that bodes well for the future.
edmundshaw
Chat Pages: 142  141  140  139  138  137  136  135  134  133  132  131  Older
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