"Driving digital diversity, every day.
We don’t just talk about diversity and inclusion at Northcoders. It is our foundation and our future."
...Go woke - go broke.
(And AI is now making their business irrelevant anyway) |
CODE could benefit significantly from Govt's recently announced AI Opportunity plan : Read more here |
CODE could benefit significantly from Govt's recently announced AI Opportunity plan : Read more here |
Which tipster was that Hatfull ? |
A Tipster bought in yesterday |
Interesting move |
Interesting move |
Big jump up today ....
f |
Northcoders Group PLC H1-2024 Trading Update |
Results out |
Acquisition |
New Contract |
Results out |
Results will be announced 20 September |
radio 4 lunchtime comment wage spiral for software tech know how, simply not enough software experts in the country. |
Trading update |
I am working on Yahoo Finance website and this company's adverts are cropping up on every page.... |
CODE - flying high today!
f |
Tole, thank you for the above link and I certainly agree with their target price.
However, I don't understand the comment in very final part of their note with the mention of " before they get anywhere close to their Admission price."
I would be grateful for any view on that mention, thanks.
f |
https://masterinvestor.co.uk/equities/northcoders-group-my-price-aim-is-higher-than-its-brokers/ |
74tom ... "Exciting times ahead" - yes indeed!
f |
 Nice one filipe, I think it has to go down as the most under the radar IPO of 2021. As you say the ticker is fantastic and they have a distinctive name, both really important fundamentals.
I just can't believe how tight the float is now, it'll be a struggle for a new buyer to get 5000 shares nevermind a more significant position... And with the market cap at just £15.5m, who's going to be selling?
When I bought in I used Wey Eduction as a guide to what Northcoders could be valued at a few years down the line. They were acquired by Inspired Eduction for £70.4m in April 21 ;
Some extracts from that RNS;
"Wey Education employed 141 employees on average in the year ended 31 August 2020, had annual turnover of £8.4 million and made a profit before tax of £0.5 million."
"At the time of the trading update, being 13 January 2021, the market expectations the Wey Education Board were referring to were those of the forecasts included in the equity research note published by WH Ireland on 10 November 2020 ("Equity Research Note"). In this research note, the equity analyst forecasted for the year ended 31 August 2021 adjusted profit before tax of £1.3 million."
If Wey went for £70.4m then surely CODE looks very cheap at it's current level, particularly as we are already profitable... a future expansion with sites in Birmingham, Newcastle, Sheffield & Nottingham to add to those in Manchester & Leeds should boost revenue further. No reason to think that won't be followed by Liverpool, Edinburgh, Glasgow etc etc.
Exciting times ahead! |
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