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
  +1.25p +0.65% 194.00p 190.00p 198.00p 198.00p 190.00p 195.00p 17,602 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 271.2 11.5 13.9 14.0 155.10

Norcros Share Discussion Threads

Showing 3176 to 3199 of 3200 messages
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DateSubjectAuthorDiscuss
15/2/2018
11:31
In the meantime the share price is back to 175p :o( Jeez you need patience with this one
1fox1
15/2/2018
10:13
It’s 16.32 to the £ now, but the better news is that economic growth in South Africa will hopefully start to pick up. During Jacob Zuma’s presidency it averaged 1.9% per year, but according to a recent article in The Economist it should have been growing by at least 3% per year (due in part to mineral wealth) and the new government needs to find a way to grow at 7% to alleviate poverty.
andrewbyles
15/2/2018
09:48
The rand currency, soared to a near three-year high against the dollar on Zuma's resignation.
loganair
15/2/2018
08:47
Great news! More detail on the BBC: www.bbc.co.uk/news/world-africa-43066443
edmundshaw
14/2/2018
21:07
Right that's that sorted then:- htTps://www.bloomberg.com/news/articles/2018-02-14/zuma-quits-as-south-africa-s-president-under-cloud-of-scandals
thorpematt
14/2/2018
19:04
Lower pension deficit....
loganair
14/2/2018
18:29
And the UK 30 year bond yield had broken through 2% today.
andrewbyles
14/2/2018
18:28
The rand is now 16.36 to the £ and it looks as though Jacob Zuma’s presidency will end tomorrow. To put the exchange rate in context, in the year ending March 31st 2017 it averaged 18.31 to the £. Back in 2013, before much of Zuma’s misrule, it was 13.37 to the £. Last year, South Afric generated £6.4 million of the company’s £23.8 million operating profit. The strengthening of the rand will increase that profit this year (indeed it already has - see the interim results) and, if it continues to strengthen, next year too. Better still, without Zuma South Africa has better economic growth prospects.
andrewbyles
07/2/2018
11:12
Good point about bond yields and pension fund deficit; I hadn't twigged.
fredfishcake
07/2/2018
00:15
February is usually a bad month for Norcros’ share price, but it looks as though Jacob Zuma is about to resign as South African president - which should boost both the economy and the rand (16.67 to the £ right now). Additionally, 30 year UK bonds are close to yielding 2%, which should help the pension fund. Niether of the above will necessarily have a short term impact on the share price, but they should boost the company’s fundamentals - more profits, less pension fund deficit.
andrewbyles
05/2/2018
10:23
"Nice timing"? No.
effortless cool
05/2/2018
10:14
Big drop from 195p to 175p. Should I be surprised? Not really held this share for over five years. First at 165p and sold at 220p. Made the mistake of buying back in at 190p three years ago. It's been a hard slog ever since. Really wish I had sold recently for my break even of 190p at least I have pocketed five years decent dividends over that time.
1fox1
02/2/2018
11:04
"Nice timing"? That would make a pleasant change.
effortless cool
02/2/2018
10:16
Yes, concur. Nice timing on your buy I think.
thorpematt
02/2/2018
09:22
Amazing liquidity in this share, for a small cap. I just bought a big chunk, on-line, in a single transaction. Just hope that liquidity remains when I want to get out.
effortless cool
06/1/2018
18:18
http://www.telegraph.co.uk/business/2018/01/06/steinhoff-fairy-tale-proves-good-true
lbo
27/12/2017
20:46
The rand has continued to strengthen and right now is 16.44 to the £. There are signs in South Africa that President Zuma’s days in office are mumbered - see, for example, hxxps://m.fin24.com/Markets/Currencies/rand-rallies-to-pre-gordhan-ouster-levels-on-ramaphosa-20171227.
andrewbyles
18/12/2017
18:05
Absolutely, Andrew. But the result is good: some continuity, and a leader who is anti-corruption and pro-business. Zuma wanted more black ownership of businesses - which is great in principle, but scary too, as trying to force the issue could cause economic chaos - not to mention huge potential for corruption. Just need to look at Zimbabwe. Foster good education and restrict nepotism, and the best and most hard-working people from all sections of society should prosper; it might take longer but everyone will be better off that way eventually.
edmundshaw
18/12/2017
17:21
Cyril Ramaphosa has been elected - the rand is now 16.87 to the £ (the average in last years' accounts was 18.31 to the £). Had Nkosazana Dlamini Zuma won, the rand would have gone the other way. Unfortunately, Jacob Zuma is in office until 2019, but he might be deposed before then. If he goes sooner rather than later the rand should strengthen further - it was briefly in the 15s earlier this year, but then he sacked the respected finance minister.
andrewbyles
18/12/2017
16:00
The votes are still being counted in South Africa, but at the moment the expectation is that Cyril Ramaphosa will win (although it's very close and he might not). Last Monday the rand was 18.40 to the £. A moment ago it was 16.99 to the £.
andrewbyles
11/12/2017
12:57
Something to keep an eye on this week is the ANC's leadership election that is due to take place on December 16th. The election will decide the ANC's next presidential candidate, with the two lead candidates being Nkosazana Dlamini Zuma (the ex-wife of the current president and his favoured successor) and Cyril Ramaphosa. If Mr Ramaphosa wins, the economic forecasts for South Africa will likely improve.
andrewbyles
07/12/2017
23:06
Loganair - post 3002 - your point may well be correct but I don’t believe that Barratts bought Henry Boot which is and has been a quoted company for at least the last twenty years
sleepy
06/12/2017
11:58
Very poor that Norcros management did not at the very least have some sort of future earn out or performance related targets written into the acquisition deal with Merlyn. Its also very telling when founders and private equity backers as in Merlyn wanted to walk away with all the cash upfront and did not take any equity in Norcros which is supposedly going to do well in the future as a result of this acquisition. For Norcros management it as seem as they say much easier to waste other people's money.
lbo
06/12/2017
08:58
Often the price of a share has more to do with the Sentiment that people perceive of the company than any thing else.
loganair
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