Norcros Share Discussion Threads

[wizard7] 03/9/2014 15:04

There's your answer - nothing to fret about.

[napoleon 14th] 03/9/2014 14:40

I ain't half glad I chucked these out last week!
Bought some SDY instead; no regrets....

[hatter2] 03/9/2014 10:50

Anony, do you see any reason for the fall today. Last trading statement was ok if not inspirational; yet ok for me.
Results due out in about 2 months time; can't see an immediate reason to sell in my view.

[sjc] 28/8/2014 14:12

free stock charts from uk.advfn.com
50% retrace from prev move and Fibonacci 38-50 and 61.8% now 100%
completing. Could start to bowl "up" imo..needs good news/ vol
still.

[sleepy] 22/8/2014 11:12

hatter - it's taken time and patience but I have done well out of these - boring as they may be for some

[hatter2] 22/8/2014 10:51

Well everybody has their views but for me I accept that NXR is not a sprinter and never indeed will be a sprinter. They pay a tidy dividend to keep things ticking over and will IMO slowly over a couple of years be back in the mid 20's but if you are in a rush, then it's not one for you.

Personally I made my wealth by investing in stocks that were a) ultra boring and b) had very little BB hype; in my book boring is good!

[simon templar qc] 23/7/2014 13:02

Thanks Tanelorn will be in touch Elektron is the subject of my derivative action there has never been a case like which is being pursued in the High Court as this one....

[tanelorn] 23/7/2014 12:30

Hi, S-T QC

Have sent you a message giving my email address, look in advfn message folder

Tanelorn

[simon templar qc] 23/7/2014 10:38

tanelorn

Have you been watching things at Elektron and also Toaddy you remember fusey! It would be nice to be in touch again I lost your email contacts a few years ago when my laptop lost its data.

As for Norcross I only hold a small amount and the statement could have been better however sooner or later Europe will improve I see limited downside from here.

[bakero] 23/7/2014 10:17

End of the RNS..."the Board remains confident that the Group should continue to make progress in line with market expectations for the current year."Revenues mixed (adversely hit by fx), margin in line.Not a bad update.

[ed 123] 23/7/2014 09:58

Tempting fate, but I think this may be a low point for the share price. I don't see further selling pressure.

Rand is back around its 10 year low point against Sterling. I can't look into the future of course, but Rand/Sterling is not a simple one-way mover. A rise in the Rand from here is possible.

Also, eventually the UK consumer will recover.

I don't see Norcross leaping from here (unless someone (happy to take a longer-term view than the market) wants to move while the share price is down).

I'm continuing to hold.

[tanelorn] 23/7/2014 09:49

I'm out, the update was very disappointing, UK builders have thriven, this company has lost me money, doesn't look like a recovery play to me.

[leeson31] 23/7/2014 08:12

double bottom at 17p though ??

[fizzypop] 23/7/2014 08:08

Disappointing results, SA operations should be disposed of.
I have held this for 18 months and there are better investments elsewhere.
A serial disappointer. My patience has expired. Now the divi's in the bag I'm out.

[leeson31] 23/7/2014 07:59

yeah bit of a mixed update.. not very bullish..

[nbudh80] 23/7/2014 07:57

I'll be out first thing sadly. Update today needed to be very positive for the share price to turn, but I really don't like the overall tone which comes across as negative to me. It's a good business with strong management, but their are too many factors that can take the business off kilter, including the currency issues, mixed trading, pension deficit, etc. Chart on a downward trend too. I'll watch from the sidelines. Good luck if you continue to hold.

[ed 123] 23/7/2014 07:31

Mixed numbers in today's ims. Waiting for the UK consumers' return to economic health. South Africa growing but Rand weakening. Some timing issues.

In time, Norcross should come good (imv).

Overall financial performance should be OK, due to cost savings ...

The cost base restructuring implemented in the second quarter last year has ensured that profitability has materially improved over the same period last year..

[nigelmoat] 22/7/2014 08:28

IMS and AGM tomorrow I believe. Hoping for some good trading numbers.

[muangsing] 16/7/2014 16:39

Don't know if anyone can help.

In the year ended 31/3/14 Johnson Tiles retail sales declined by 21.4%
On the other hand for the 6 months ended 29/3/14 Topps Tiles increased like for like sales by 10.2%.
There is a mention in the Topps RNS to "direct sourcing"

Would it be possible to infer that Topps do not purchase tiles from Johnson but instead from overseas ?. Without doubt Spanish and Portugese ceramic manufacturers would be very keen to export due to the state of their economies. Additionally UK ceramic manufacturers have been vociferous re the high energy costs in the UK.

Regards

[fizzypop] 09/7/2014 11:11

Most probably following market down. But the share price over the months is about as pedestrian as a snail. The promise is just never realised.

[trytotakeiteasy] 09/7/2014 09:31

hmm... just seems to go down and down......strategy to double group probably too ambitious for some investors....

[vb79] 25/6/2014 07:14

Ex div today .34p

[fizzypop] 24/6/2014 08:47

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