Northcoders Share Discussion Threads

[solarno lopez] 31/12/2024 15:14

Which tipster was that Hatfull ?

[hatfullofsky] 31/12/2024 14:08

A Tipster bought in yesterday

[solarno lopez] 31/12/2024 10:26

Interesting move

[solarno lopez] 31/12/2024 10:26

Interesting move

[fillipe] 30/12/2024 14:35

Big jump up today ....

f

[solarno lopez] 16/7/2024 07:17

Northcoders Group PLC H1-2024 Trading Update

[solarno lopez] 25/4/2023 06:41

Results out

[solarno lopez] 07/2/2023 07:57

Acquisition

[vatacarma] 14/12/2022 08:08

New Contract

[solarno lopez] 20/9/2022 06:28

Results out

[solarno lopez] 31/8/2022 07:42

Results will be announced 20 September

[c3479z] 17/8/2022 17:00

radio 4 lunchtime comment wage spiral for software tech know how, simply not enough software experts in the country.

[solarno lopez] 19/7/2022 09:55

Trading update

[petewy] 02/5/2022 11:28

I am working on Yahoo Finance website and this company's adverts are cropping up on every page....

[fillipe] 04/2/2022 10:18

CODE - flying high today!

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[fillipe] 31/1/2022 09:54

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

[tole] 29/1/2022 08:21

https://masterinvestor.co.uk/equities/northcoders-group-my-price-aim-is-higher-than-its-brokers/

[fillipe] 23/11/2021 10:07

74tom ... "Exciting times ahead" - yes indeed!
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[74tom] 11/11/2021 09:44

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!

[fillipe] 09/11/2021 11:28

I'm delighted to have bought CODE in July of this year.

Great to see the "CODE" ticker was got by Northcoders ....a stroke of genius there.
Similarly the "Northcoders" title ... another tick-up for the geographical North!

Shares were freely available to buy at the time and I should have taken more last July.
This one's a long term hold for me as I see the future will bear much success for the business and its shareholders.

f

[74tom] 08/11/2021 10:15

"In an exclusive interview with BusinessLive, Northcoders founder and CEO Chris Hill revealed plans to double the number of staff and expand further across the UK.

Mr Hill established Northcoders in 2015 after previously working at the likes of Sky, Zen Exchange and CrowdMission.

The software coding training programmes provider recently celebrated the graduation of its 900th course member and plans are in place to open new hubs in Birmingham, Newcastle, Nottingham and Sheffield in the coming months.

The company is also expected to double its headcount by this time next year and it has already hired about 20 people in the last couple of months."

[74tom] 27/10/2021 16:06

More news this afternoon, with two directors selling a small part of their holdings to satisfy demand. Given an individual investor RNS'd a significant shareholding of 4.27% minutes earlier, it's safe to assume they bought them. It also reduces the apparent free float down to a barely believable 5.5%, no surprise it's been NT for more than 200 shares all day.

Clearly most of the market is sleeping on Northcoders, however with the tiny number of shares available + insider & II parties holding them combined with the very positive sentiment around the company (check out LinkedIn) I wouldn't be surprised to see this really start to re-rate to a more appropriate valuation.