Nth.Mid.Cons Share Discussion Threads

[interceptor2] 03/8/2017 08:09

I think that John Holmer is referring to net margins, just reading the last AGM statement he say the following.

"The net margin, whilst showing a significant improvement, is 0.93%, which the board continues to consider an unsatisfactory return."

And now that the legacy contracts are history it is worth noting that the adjusted PBT was £5.912 at the last full year which would equal a net margin of 2.36%. So a target of 5% net margins within 5 years does look realistic.

Largest water division at 53% revenue before the recent large contract with Severn Trent achieved 2.65% net margins last full year.

[qs99] 03/8/2017 07:41

ok, so on full year results, presuming he is talking of OP? that would make £12.5m add in depreciation gives EBITDA of around £15m no? market cap currently £40m and net cash by then would easily equate IMO to market cap as net cash currently around £11m...so by then business would be in for "free"? DYOR and I am sure my maths is wrong, maybe if he is talking about PAT then you can work it out yourself, either way I'm a big old holder and believe this to be undervalued by many multiples over the medium-term....i.e. his 5 years! GLA

[douglas fir] 03/8/2017 07:38

Hitting 5% margin: How North Midland's John Homer aims to do it

3 August, 2017 By Lucy Alderson

The £250m-turnover firm’s CEO has shaken up a loss-making division since joining the group a year ago. Now he reveals how ambitious five-year targets will be met.

[douglas fir] 03/8/2017 07:37

hxxps://www.constructionnews.co.uk/10022197.article?utm_source=newsletter&utm_medium=email&


North Midland chief: We’ll make 5% margin in five years

3 August, 2017 By Lucy Alderson

North Midland Construction chief executive John Homer has revealed the group is aiming to reach a 5 per cent margin within the next five years.

[battlebus2] 02/8/2017 13:26

I'm not expecting too much from the results given we have already risen on the back of the contract news but like CC2014 it's the long term that matters now.

[qs99] 02/8/2017 13:26

well said and indeed, but with limited liquidity any little buying should move it sharply as you say...let's hope newsflow adds to the demand.

[cc2014] 02/8/2017 13:23

The buying doesn't really matter. If the results are good it will go up and vice-versa.
I'm happy to hold for another 2-5 years so whilst it's nice to see the buy flow and the price going up it will move next way one way or another. Upwards we hope!

[qs99] 02/8/2017 13:17

let's hope it is the start of buying into what will hopefully be further good news next week....DYOR etc....

[qs99] 02/8/2017 12:58

well only a week to go now, so hopefully see more buying ahead of 10th ....GLA

[cc2014] 02/8/2017 12:52

The market is so thin on this stock. Not surprising at 70%+ are held by the family and Mr Chorlton.

One buy of 180 shares at 12:45:36 and at 12:45:41 the MM's move the bid up by 5p!

[qs99] 31/7/2017 12:54

10 days to interims, would like to see some buying ahead of that! GLA

[qs99] 27/7/2017 21:34

Yes indeed, should hopefully give us a sign of progress and where the valuation could head to GLA

[battlebus2] 27/7/2017 20:33

Pleased to see these hit my target of £4, looking forward to the interims on the 10th of August. 🤞

[junior21] 27/7/2017 17:22

No worries about the news, it would be nice if it does turn out to be a substantial award, hopefully we shouldn't have too long to wait.

Encouraging price action today and like CC2014 said it's positve that little sells kicked in when the bid hit £4.

[cc2014] 27/7/2017 15:45

assume another delayed buy trade coming through later and more importantly it appears there aren't any pre-loaded limit sell order at 400. Yehhhaaaa

[interceptor2] 27/7/2017 14:40

junior21, really appreciate you sharing this news, thank you.

[cfro] 27/7/2017 13:45

Thanks junior21 for finding that news out. Fantastic.

[panic investor] 27/7/2017 13:04

Just added at 410, trade not showing as of yet 3266 shares

[cc2014] 27/7/2017 11:28

Nice buy this morning. I would imagine it won't take much to move the MM's after that.

[junior21] 26/7/2017 19:51

Once the contracts are formally awarded any RNS would depend on how much of £1bn pie we have been given. Anything over £30m would possibly warrant an RNS?

[qs99] 26/7/2017 19:31

haha, fair point!

[panic investor] 26/7/2017 19:30

Hope not - I need to add

[qs99] 26/7/2017 19:07

wonder if they will need to put an RNS tomorrow about this?

[qs99] 26/7/2017 18:52

wow, great find junior21!