Norcros Share Discussion Threads

[fizzypop] 23/6/2014 09:01

AnonyMous ... what a shower. You are plumb right!

[anony mous] 23/6/2014 08:28

Problem is now with no news it will keep dripping.This should have rose nicely and jumped on such good results.

[vb79] 23/6/2014 07:50

Thanks fizzypop, missed that! Value always comes out in the end and NXR are well due a re-rate!

[fizzypop] 21/6/2014 20:44

Just in case you missed Paul Scott's comment on NXR ...

I'm terribly sorry, but as you might have guessed, I passed out over my keyboard (not literally!), and took a duvet day, which is allowed a maximum of once per month.

I think the Norcros (LON:NXR) results were very good. Underlying EPS is 2.1p, so at a PER OF 9, it is clearly too cheap, in my view.

The pension deficit is fine, and is offset by freeholds.
Vado was a cracking acquisition. Net debt is fine.

I think it's the wrong price. It should be 25-35p.

DYOR as usual.

Regards, Paul. - See more at:

[nigelmoat] 20/6/2014 17:25

Nearly 10 million shares traded today with 99% buys and the share price falls!

[sjc] 19/6/2014 16:27

Good volume.

[fizzypop] 19/6/2014 15:56

On LSE more major buys +150,000, +150,000, +240,000 all at 19p trade price and the share price unchanged at 19p.

[vb79] 19/6/2014 13:48

Tiger Blade: at 19p very confident they were buys. The price is the indicator, not whether it is reported as a red or blue trade as these systems just guess whether it was a buy or sell.

Ps Snippet from PS - blog:

Norcros (LON:NXR)
Results for the year ended 31 Mar 2014 have been issued by this bathroom fittings company which I've written about extensively before. It's probably the nearest thing to a value share out there, with a particularly low PER. Most other businesses of this size and type are on a PER in the mid to high teens, whereas this is about 9. That's a clear pricing anomaly in my view.

I'm just going through the figures now, so will update this article over the next couple of hours, therefore please refresh this page later today.

- See more at:

[rmillaree] 19/6/2014 11:30

Good results as far as i can see, the reasons why the company is presently cheaply rated are pretty obvious looking at the accounts (debt/pension/overseas interests exceptional costs etc)

I am happy to hold and can see the long term potential if they hit plans (if only life was that easy)

Not a share without risk though - main thing is the core business seems to be a reasonable little niche that should be simple to run and add to with additions benefiting from economies of scale, cross selling blah de blah de blah.

They do need to keep a close eye on the debt levels though.

[fizzypop] 19/6/2014 10:26

Must be Thurs as Paul Scott's conspicuous by his absence. C'mon Paul, give us the lowdown on your fav share.

[anony mous] 19/6/2014 09:51

Half pence up. Pathetic.

[trigger blade] 19/6/2014 09:36

LSE has 6 million shares going through as sells at 19p, but has other trades at the same price as buys...... hope you're right vb79.

[fizzypop] 19/6/2014 09:12

About bl*dy time this showed signs of life. I've hung on since it was 25p.

[vb79] 19/6/2014 08:55

Some massive 7 figure buys going through showing on L2. Expect this to climb throughout the day.

[death by donut] 19/6/2014 08:46

So is it a muted response because revenue is not as high as predicted?

The % increase is roughly the same but from a restated position ( lower )

Think I've read it right.

DbD

[leeson31] 19/6/2014 08:45

yeah, look good. ill hold on to my shs...

[brian91] 19/6/2014 08:43

see cash flow well up on 2013

[vb79] 19/6/2014 08:11

Results too good for the market to ignore imo. All KPI's up and nice increase in the dividend too! Happy holder.

[anony mous] 19/6/2014 08:00

Lets hope share price rises now.Been pathetic few months.Often seen good results and the share price falls.Lets see.

[vb79] 19/6/2014 07:33

Indeed, performing strongly and confident will double revenues!

[nigelmoat] 19/6/2014 07:27

Excellent results out this morning.

[nigelmoat] 17/6/2014 13:08

Results due Thursday and imo they will be good. Hope share price follows.

[death by donut] 16/6/2014 14:32

Just to say of course tho that not evryone uses Norcross stuff. Buy it is only one part of the business of course.

[death by donut] 16/6/2014 11:13

Every tiling contractor I talk to is rammed at the moment, no sign currently I see of it slowing from where I am on the ground at various sites.DbD