Share Name Share Symbol Market Type Share ISIN Share Description
Norcros Plc LSE:NXR London Ordinary Share GB00BYYJL418 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00 -0.9% 221.00 112,949 16:28:00
Bid Price Offer Price High Price Low Price Open Price
210.00 221.00 225.00 220.00 225.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 331.00 25.40 24.20 9.1 178
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:34 O 20,000 221.00 GBX

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Date Time Title Posts
17/10/201917:17Time to take a shower in Norcros shares.3,171
21/6/201619:19Norcros plc NXR144
27/2/200822:05Do they make RAIN showerheads ? !20

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Norcros Daily Update: Norcros Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker NXR. The last closing price for Norcros was 223p.
Norcros Plc has a 4 week average price of 210p and a 12 week average price of 200p.
The 1 year high share price is 245p while the 1 year low share price is currently 183p.
There are currently 80,465,383 shares in issue and the average daily traded volume is 193,181 shares. The market capitalisation of Norcros Plc is £177,828,496.43.
afpk53: Thanks for that info. Great to see the share price holding up ex-dividend.
norcros: Great results given the economic and political uncertainty in their two main markets. Free cash flow excl. a £2.1m working capital increase comes in at £25.5m (already including the £2.6m pension deficit contribution and the £1.9m exceptional restructuring costs). Market cap is barely over £160m, resulting in a FCF yield of almost 16%. I realise the share price evolution over the last few years is frustrating, but I urge you to be patient. The cash this company generates is very real and is allocated intelligently. A rerating cannot be avoided forever. Ultimately, either the share price has to double or free cash flow has to halve. At the current share price, you get a 4.5% dividend yield just for being patient.
fredfishcake: 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?
loganair: 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: I agree Norcros is undervalued and the share price may well go higher, however I am sticking with my convictions that there is going to be a 30% plus stock market correction which will see the Norcros share price fall then I will buy back in.
loganair: They say that if the mortgage rate rises by just 1% then then 20% of people will not even be able to afford the Interest on their mortgages. The economy is strengthening because of the 'lose money, usually around 9 months after the Central Banks start to tighten then the economy weakens. I agree with your second sentence, that I think there is one more push to the up side in NXR share price before it all falls apart and the wheels come of the stock market.
loganair: AB - Apart form Johnson tiles which we both agree, why do you think NXR share price has been held back? I totally agree when it comes to their South African business. When the recession comes in my opinion the house builders and companies such as Norcros will be hit very hard. I am getting very close to selling my holding in Norcros, waiting for the down turn, then to come back in at half the price thereby being able to pick up double the number of shares I held before.
loganair: I have often seen other poster write 'why isn't NXR shares higher then they are?' It seems to me because Norcros are not growing organically, they are growing by taking on more and more debt for acquisitions. When the down turn does come, I would not be surprised for the NXR share price to quickly half in value.
edinburgh clarinet: Would any of you well informed investors care to comment on the role of the Norcros Pension Fund deficit in determining the share price. I have had my shareholding for several years, throughout this time Numis have said the shares are very cheap, and currently have a target price of 300p. Their target price has always been way above the share price! My back of envelope calculation is that if you factor in the PF deficit the p/e or EBITDA valuations are much closer to the sector average. Also, my understanding is that the annual Exceptional payment into the PF ( ? £2.5 million) by Norcros is not deducted from profits before calculating the EPS. If you did deduct it, you would arrive at a much lower EPS and higher PE ratio. Bit odd that Numis as the company's broker dont mention this significant accounting issue in their enthusiastic evaluation of the shares! I am happy to hold the share on basis of 4% yield, still well covered even after deducting the exceptional payment into the PF, and steadily rising dividend over several years. And who knows, rising bond yields may bring down PF defict in next few years. Any views?
imranawan: Loginair, I agree with your points about the NXR share price being disappointing. I've only held it for around 9 months, and its done very little in that time. I bought into Topps and sold out shortly after they issued their interims, and am kicking myself as they have risen strongly since then. I also agree that NXR appears to be undervalued, but I can't see any share price rise in the short-term. I think the catalyst in share price would be if they made an acquisition to achieve their aim of increasing revenues to £400m.
Norcros share price data is direct from the London Stock Exchange
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