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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
  +3.00p +1.50% 203.00p 203.00p 204.00p 209.00p 203.00p 209.00p 3,725 12:17:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 300.1 13.5 30.3 6.7 162.98

Norcros Share Discussion Threads

Showing 3276 to 3300 of 3300 messages
Chat Pages: 132  131  130  129  128  127  126  125  124  123  122  121  Older
DateSubjectAuthorDiscuss
09/12/2018
12:33
Land reform is a worry. Property rights are the core bedrock of any capitalist society.
podgyted
20/11/2018
11:58
South Africa’s economic recovery faces serious constraints, according to the International Monetary Fund (IMF) which pointed to land reform, growing debt of state firms, and capital outflows as obstacles for growth. I am not happy with Norcros being in South Africa any more as South Africa seems to be following a similar path to that of Zimbabwe.
loganair
15/11/2018
19:24
I took a long look at this today. I had initial thought this was "OK". But now I am a bit more positive on it. I am looking ahead to where EPS, divi, divi cover and pension defecit are going by considering future numbers as they are likely to be in 12 months time. It's hard to predict trading and currency movements, so I am focusing on brands, segments, costs, margins and the like. What I reckon is that mostly via acquisition and re-setting of costs base as well as a few tweaks in ditribution of products to alternative and additional wholesaler outlets, it appears that NXR has pulled of a nice trick regarding the ablity to generate significantly better divi cover and a lower (by proportion) pension defecit. Against the backdrop of circa £25m in profit the net debt is very modest and without any additional acquisitions it will come down quickly. Pension contributions are modest now too at £1.6m p.a. So that divi cover rising to over 3.5 could indicate that that already healthy yield will readily rise. If we were to apply a modest PER of 12 in lieu of all of this, then NXR ought to trade at circa £3.60 a share.
thorpematt
15/11/2018
08:23
It looks like Merlyn has been a good acquisition. Given market conditions this is a good result.
this_is_me
15/11/2018
07:50
Not as good as I expected. "Diluted underlying earnings per share were 0.7% lower at 13.9p (2017: 14.0p), reflecting the short-term impact of the increased number of shares in issue and the additional financing costs related to the Merlyn acquisition." Consensus forecast of 30.8p for year looks like a bit of a push - 22% better in H2 to achieve.
podgyted
10/9/2018
10:50
South African = Uncertainty and the stock markets extremely dislikes uncertainty.
loganair
10/9/2018
09:37
To quantify the effect of the SA business, from last results, UK provided revenue of £200m and underlying operating profit of £18.6m. South Africa provided rev of £99.5m and profit of 8.8m. So, that's about a two thirds/one third split. Depending on how far back you look, the Rand is still higher vs GBP than where it was in 2016. Add into that the effect of hedging and my opinion that NXR is v cheap on current figures and where do you get? No hard and fast conclusions that's for sure - if SA goes into a real recession and we lose all SA profit (assuming doesn't go into loss), then our profit could fall by a third.
fredfishcake
10/9/2018
08:49
I've taken my profits and I am now completely out for the time being. When the next major down turn hits and NXR shares tumble then most probably I'll be back in.
loganair
10/9/2018
07:40
so is this fixable or is it better to sell with some profits - comments from somebody with insight and following the company closely please!
ali47fish
06/9/2018
08:04
Remember what happened in Rhodesia when the farms were ceased of the whites, going from the bread basket of Africa to being a massive importer of foods.
loganair
06/9/2018
08:01
Sadly the agriculture sector has had a big decline - 29% down. Presumably that is related to Ramaphosa's vote-chasing policies...
edmundshaw
06/9/2018
07:09
Yes , it could do of course. Of late the strong Rand has given a tailwind to results, that could now be changing and the double whammy is that recession in SA could be another headwind.Looking at the accounts they make mention of hedging though I have no idea of the details or whether this would mitigate sterling reprted incoem ( probably not i would guess). details below. I won't be doing anything on the back of this. Foreign currency exchange risk The Group’s financial performance is subject to the effects of fluctuations in foreign exchange rates. In particular, the Group sources a significant proportion of its components and goods for resale from the Far East and Europe which are denominated in foreign currencies (primarily the US Dollar and the Euro). Should Sterling or the South African Rand weaken against the major currencies this could result in an increase in future input costs. The Group typically seeks to hedge its foreign exchange transactional flows for up to twelve months forward, which largely removes the effects of day to day exchange rate volatility on our businesses. Regular monitoring of exchange rates and market conditions, together with frequent dialogue with suppliers, allows our businesses time to negotiate revised commercial terms with customers to mitigate the impact of longer-term changes in exchange rates. The Group may, where it is considered appropriate, denominate some of its borrowings in other currencies to hedge translational asset risk. No change
robsy2
05/9/2018
20:20
South Africa's fall into recession triggers sell-off in rand, down 5.5% in this week a lone - At some point I think this is really going to hurt the profitability NXR quite hard.
loganair
30/7/2018
14:55
A 100,000 block of shares was traded today at 224p, while the reported spread was 217/219p. That should be encouraging for holders.
ed 123
21/6/2018
10:17
Yes, it's trading ex the 5.2p dividend today. Looking back at the chart, the shares were close to 25p (equal to 250p post the 1 for 10 share consolidation) at the beginning of 2104. Perhaps one more good interim report in November will see it move on to a multi-year high? I did say to management at the time (2015) that I thought the consolidation would not improve the market rating for Norcros. With hindsight it may have actually had a negative effect. It's taken two and a half years of increases in eps for the shares to get back to their pre-consolidation level.
ed 123
21/6/2018
09:30
Ex dividend today me thinks
1fox1
20/6/2018
23:27
Not much stock available MMs a little caught out and not gonna fill orders cheaply I sense.
thorpematt
19/6/2018
10:04
Spread gone out to 600bps+ . Screens say 216p buy quote is 230p - I'd buy in the low 220's but this seems a bit silly.
podgyted
18/6/2018
09:42
I see the bid and offer are being messed around with - presumably to try and rip off naive punters after the newspaper tips... Irritating...
edmundshaw
18/6/2018
08:13
I sympathize Loganair - I find the sell decisions the hardest, and NXR has spluttered a bit over the years in terms of its share price. As for the correction, it's been predicted for the last few years already and when you consider the shocks that have been shrugged off over the last few years, you'd have thought we'd have been in a recession five times over. It's never a bad idea to have a bit of cash ready to pick up bargains, but when to use it?
fredfishcake
18/6/2018
08:04
loganair, saying a correction latest time being 1Q 2020 - will anyone even remember that prediction in 2 years' time? Not a very brave prediction...
edmundshaw
15/6/2018
14:39
Tipped in the Times i believe.
shauney2
15/6/2018
14:27
After 3 times this year the share price peeking its head just above 200p and falling back again, when the results came out and the share price dramatically rose on the day I decided to sell at 210p thinking like with the other 3 times that the share price would again fall back down to below 200p. Oh well! I seem to have got it wrong.... 2014 the Share price rose to 250p, before falling back to below 140p in mid 2016. I still like this company and I am hoping the share price will fall back as it did in mid 2016 giving me a chance to buy back in. All the bankers I've been hearing say there is a market correct of 30% plus coming, the earliest being October 2018, the latest being 1Q 2020, with most saying 1H 2019.
loganair
15/6/2018
13:37
Thanks guys, it's a Buy in today's IC also.
jeff h
15/6/2018
13:32
HmmmmmmmmmMight get to 250p quicker than I thought :o)
1fox1
Chat Pages: 132  131  130  129  128  127  126  125  124  123  122  121  Older
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