Nth.Mid.Cons Share Discussion Threads

[eezymunny] 31/3/2017 11:47

The legacy issue has finished bb. At least the construction is finished "during the year the Group completed all onsite works for the one remaining legacy contract".

Negotiation of final settlement is ongoing but it sounds perhaps more likely that the final result will be better than what's currently in the b/s "The Group is and will be pursuing claims with the client for sums greater that the carrying value and is in negotiations to settle this balance".

I reckon we could see 1000p in 12 months if NMD performs well, the economy and gov spending holds up and nothing nasty comes along. Nasty things happen with companies like this though, so is perfectly capable of going much lower! Risk/reward looks good to me however.

[battlebus2] 31/3/2017 11:41

lol it's very possible a few years out. When the legacy issue has finished who knows what's possible...

[eezymunny] 31/3/2017 11:25

Interesting to contrast with COST PE 14 (lol!), RNWH PE 13.4 etc.

Max out the bull case (£8.5m pbt), put NMD on a PE like that, and you get close to 1000p/share.

We should be so lucky!

[eezymunny] 31/3/2017 11:20

A few more thoughts.

uk.advfn.com/cmn/fbb/thread.php3?id=30375760&from=1619

As we've said, an ugly, risky sort of business, low margins etc, but it's possibly very very very cheap even after today's rise.

[qs99] 31/3/2017 10:34

very low volumes being traded, it appears to be well off people's radar screens IMO

[qs99] 31/3/2017 09:56

no probably not, and market often IMO focuses in on "adjusted" headline figures, so if you do, then market cap, less cash, less as you say freehold property as "value" that could be realised (and leased instead?), divided by adjusted PBT and you are looking at a very low multiple still IMO! Even if you take out the property it is still IMO on an adjusted profit:EV multiple of low single digits....DYOR but as you say EezyM this could very easily double from here and still be on a EV / adjusted EBITDA of around 6 DYOR

[eezymunny] 31/3/2017 09:30

The adjusted pbt was a right blow out number, no? Was anyone expecting that?

[eezymunny] 31/3/2017 09:29

I don't think the £11m cash is that big a deal wrt valuation as net current assets is pretty close to zero. There is however freehold property (£6.6m end 2015) that's worthy of consideration IMO.

I've had a few for the EEZY4 portfolio FWIW...

uk.advfn.com/cmn/fbb/thread.php3?id=30375760&from=1618

Not without it's risks with low margin contract and construction work but as you say BB, I think has potential to double from here - if no further problems!

[battlebus2] 31/3/2017 09:16

Market cap 26 million after this mornings rise with 11 million cash and growing nd profits expected to rise to 3 million makes this dirt cheap imv.

[qs99] 31/3/2017 09:02

Yup, have bought a few this morning. £11m cash, £27m market cap, bullish outlook IMO, yield and growth....and IMO lowly valued, holding on for a further re-rate! GLA

[jamesd888] 31/3/2017 08:26

good results today

[jamesd888] 31/3/2017 08:24

ticking up this. EG Solutions also worth buying today as they have won a 2.7 million pound contract

[eclair] 31/3/2017 08:12

Fantastic results and very positive outlook statement.

[battlebus2] 31/3/2017 07:18

Excellent results IMV....

O/P +164%

REV +15%

Final dividend declared 3p covered 5.8 times so major scope for increases

cash now at 11.41mm +72%

Order book running at 80% of last years workload

Outlook bullish

Once the legacy issues have run their course these could be double todays price..

IMV Ofcourse DYOR...

[battlebus2] 31/3/2017 00:01

No matter what the results I think we still have a buyer or two.

[cc2014] 30/3/2017 23:30

Results will be very interesting as clearly someone has been buying everything they can get at 205 or below. Methinks Mr Charlton.

I'm not sure what my target set of results look like tomorrow but I don't think I'm going to be disappointed. Will the dividend be twice the interim dividend or more?

[battlebus2] 30/3/2017 12:16

Results tomorrow should show progress.

[eclair] 06/3/2017 19:09

Nice 10k buy today

[cc2014] 02/3/2017 21:50

You would think by now that anyone who was going to sell at 197 would have done it by now but still the trades keep coming in dribs and drabs.

It looks like the sells outnumber buys by around 3 to 2 with Mr. Chorlton continuing to soak up all the excess sells.

[cc2014] 07/2/2017 13:05

A £24m contract is not be sniffed at. Plus another £3m for more student accommodation since then.

Things do seem to be looking up for NMD.

[eclair] 03/2/2017 17:28

The first one is just a couple of miles from where I live, so I'll be keeping an eye on progress.

[battlebus2] 02/2/2017 19:42

We've won a couple of contracts...

[cc2014] 24/1/2017 19:08

Major shareholders:
Moyle Family - 48.0% (not in public hands)
William Morris Settlement - 8.4% (not in public hands and Moyle family have first rights on any sale)
Other directors -2.6%
Charlton - 6.1% (increasing)
Capita IRG 5.2% (held for at least 5 years)
Total 70.3%

Quite tightly held. The delayed 25k sell is telling. It seems we've found a few sellers at the psychological 200 area. I don't see why Charlton won't keep soaking them up.

[battlebus2] 24/1/2017 13:27

Yes thought so, Good to see him buying at the current level as value must be a lot higher I'd have thought.

[cc2014] 24/1/2017 12:57

Mr Charlton at it again.
09/06/16 4%
23/11/16 5%
24/01/17 6%