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
  -1.00 -0.33% 299.00 37,599 16:29:15
Bid Price Offer Price High Price Low Price Open Price
296.00 299.00 300.00 295.00 300.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 342.00 15.00 13.60 22.0 241
Last Trade Time Trade Type Trade Size Trade Price Currency
17:01:32 O 907 298.195 GBX

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Date Time Title Posts
16/4/202122:39Time to take a shower in Norcros shares.3,351
21/6/201619:19Norcros plc NXR144
27/2/200822:05Do they make RAIN showerheads ? !20

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Norcros (NXR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-04-16 16:01:45298.209072,704.63O
2021-04-16 15:35:09299.001441.86UT
2021-04-16 15:28:03299.00140418.60AT
2021-04-16 15:27:33299.006271,874.73AT
2021-04-16 14:26:52295.001956.05AT
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Norcros (NXR) Top Chat Posts

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 300p.
Norcros Plc has a 4 week average price of 244p and a 12 week average price of 205p.
The 1 year high share price is 308p while the 1 year low share price is currently 135p.
There are currently 80,557,270 shares in issue and the average daily traded volume is 120,497 shares. The market capitalisation of Norcros Plc is £240,866,237.30.
jeff h: Norcros: ‘attractive’ name in a recovering market Bathroom and kitchen products supplier Norcros (NXR) is an ‘attractive’ way to play the repair, maintenance and improvement (RMI) market, says Peel Hunt. Analyst Sam Cullen reiterated his ‘buy’ recommendation and target price of 310p on the stock, which closed up 4.2%, or 12p, at 300p on Thursday. Cullen said the group continues to benefit from a recovery in the RMI market in both the UK and South Africa, prompting it to raise full year guidance just two weeks after its last upgrade. ‘Operating profit is now expected to be at least £33m, a 6% upgrade on prior guidance, with net cash of £10m,’ he said. ‘The shares remain cheap at circa 9x current year 2022 earnings and we believe the company remains an attractive small-cap way to play the recovering RMI market, while the potential for further M&A should not be discounted.’ Https://
effortless cool: The resignation of the Chairman is interesting. He has only been there a year and, apart from his own little company, has no other active UK directorships. It's hard to square this with his claim that: "my other business commitments do not allow me sufficient time to devote to the Company". Also, he has resigned with immediate effect, whereas the normal course of action is to remain in place until a successor is found. NXR are hardly effusive in their thanks to him, either. In my opinion, there is more to this story than has been made public.
thorpematt: I think this is a great statement. The NXR full year is bang in the period most effected by COVID. The hit it took in the first period was heavy. But the second half was saw a fantastic recovery which led to a beat on the previous year. That's pretty darn impressive.
spooky: Cash generation at NXR is very impressive, the shares are far too cheap on a number of valuation metrics IMO.
this_is_me: There is a piece about NXR in here published after hours: Https://
thorpematt: FWIW I felt the share price should have risen more following the last update. I haven't raised my Fair valuation here on today's because I prefer to remain cautious that there are still fluctuations in earnings. And therefore I remain at £4.56 as my target and base underlying earnings at a cautious £28m mid term. There is HISTORICALLY a low(ish) PE ratio applied here. Somewhere around 10x has been the average. The reason this has IMO been the pension defecit (which at times has been many multiple of the annual net profit). In reality we are now in a very different place to where we were 5 years ago. As a proportion of company operating profits the PD is now very manageable. With underlying profit in one year being capable of wiping out around 60% of it in one hit. The debt reduction this year is proof of the principle that this share does not have a pension defecit problem ANYMORE. It is deceased - like the norwegian blue in the Monty python sketch. It's not pinin'! It's passed on! This parrot is no more! It has ceased to be! It's expired and gone to see its maker! This is a late parrot. It's a stiff! Bereft of life...etc. etc. So, where does that leave us? A. We can value this stock on its merit. Is it a good company with a strong balance sheet? Good product brands, barriers to entry, etc. etc. If it is just an average one, it should warrant the average PER of the UK listed companies (which is currently 16.5 - and that includes all those companies with huge debt on thier balance well as those minority with actual net cash). So, still too cheap.
jeff h: Norcros potential not in share price, says SVM’s Veitch SVM Asset Management’s Neil Veitch says bathroom and kitchen products supplier Norcros (NXR) has strong growth prospects which are not reflected in the share price. The Citywire A-rated manager of the £164m SVM UK Opportunities fund said Norcros’s revenue dropped over 40% during lockdown but ‘the strength of the recovery since then has been impressive’ and it has gained market share at the expense of competitors. ‘We expect these market share gains to prove sticky,’ said Veitch, who added that minimal net debt means the company can also grow through M&A. ‘Trading on an estimated March 2022 price/earnings [ratio] of less than 10x, we believe that Norcros’s impressive operating performance and growth prospects are not reflected in its current share price.’ Https://
thorpematt: I have been in and out here quite a bit in recent times. NXR has always had strong brands and great ability to spin cash. The PD weighs on the share price but I think that it's now wellunder control considering the underlying profits now being produced. Where the BoD has done well is that it has expanded the company's top and bottom lines - partially through acqusitions and partly from organic, to a point where the PD is now proportionatly MUCH smaller than it once was. We're now in the territory of have no debt but underlying profits of close to £30m PDs are hard to pin down but even if we add £50m onto the M.CAP here we have a very cheap metric. FWIW my fair valuation here is £4.56 (includes a £50m PD deduction).
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.
Norcros share price data is direct from the London Stock Exchange
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