Norcros Share Discussion Threads

[housemartin2] 15/4/2016 13:54

The latest release seems to show to me that it is the Croydex acquisition that provided the UK growth with the older parts of the business performing poorly. SA, while doing well, is a weak link due entirely due to its location. SA is a poorly structured economy with the worst equality profile in the world, weak civil society and almost a one party state with all that that means for honesty and probity. It is I believe a powder keg (though it has been one for a while)On top of this, the pension fund is very large compared to the size of the business.
Put together I can see why the Market gives the valuation to this company that it does.
However, it does seem to be able to sniff out good value acquisitions, bought for debt but which its good cash flow can be used to keep under control. Over time this should transform the quality of the business. It might also manage to sort out its older business.
It also produces a reasonable dividend yield which looks fairly safe.
It was on this basis that I invested here - I only hope that the improvement occurs this side of the next economic downturn !

[davr0s] 15/4/2016 12:15

As long as it rerates before I die!

[1fox1] 15/4/2016 11:09

Paul Scott's comments just about sum this share up. Investors need to be very,very patient

[nigelmoat] 14/4/2016 21:24

Hoping the past lacklustre performance of this share may be about to change. The arrival of a new Finance Director appointed in March (formerly at Aga) may herald change if they continue to build on the good fundamentals here.

[1fox1] 14/4/2016 16:16

These are so friggin cheap........... Grrrrh

[crazycoops] 14/4/2016 15:15

A very good analysis of NXR in today's SCVR by Paul Scott:

[davr0s] 14/4/2016 12:15

Well I hope we never miss on expectations given the price performance recently /today

[ali47fish] 14/4/2016 08:19

excellent update- ahead of expectations

[ali47fish] 11/4/2016 10:04

artemis are adding-

[edmundshaw] 08/4/2016 16:12

Thanks hawaly

[hawaly] 08/4/2016 15:44

I received this from Norcros today:

We can advise that we plan to make a trading statement next week which is consistent with previous practice and within this statement we will advise the date of our preliminary results announcement.

[sleepy] 05/4/2016 21:59

Andrew - as always your statements are helpful and to the point. Thank you

[shauney2] 01/4/2016 14:17

Ticking up a touch.
Trading update due the next week or 2.Probably on a Thursday.

[shauney2] 01/4/2016 09:46

Every time i look at NXR i want to buy more.Never going to put the lights out of course.

The valuation with the Abode acquisition looks very low now.PER of 6-7
Pension deficit could put that up to 8.
At the interims they said they were expecting to be marginally ahead at the year end.

Maybe they will be taken out themselves.

[imranawan] 01/4/2016 09:19

Looks like it shauney. NXR is definitely the most frustrating share I have in my p/folio as it does very little, other than go down and then stabilise at these sort of levels.

[shauney2] 01/4/2016 08:39

Good quality acquisition.No doubt it will do nothing for the share price.
Are these going to look cheap forever?

[anony mous] 31/3/2016 15:15

New appointment from previous AGA role.Good move after the AGA takeover.Expecting same here though.Bidders must be circling here.

[mctmct] 16/3/2016 21:55

Who are Miton? Why are they buying?

[ali47fish] 16/3/2016 14:28

well miton is adding- he must know something should we follow him?

[muffster] 02/3/2016 16:54

Support from shareholders not there. That will turn, great company and results

[imranawan] 02/3/2016 16:26

I honestly don't know why NXR is on such a low rating relative to peers. share price performance over the past couple of years has been very disappointing.