Nth.Mid.Cons Share Discussion Threads

[qs99] 17/5/2018 08:01

"It is pleasing to report that we have had a strong start to this year. Our strategy of focusing on getting the basic principles of risk management right and delivering exceptional customer service is serving us well. The losses in the telecommunications sub segment are disappointing and full management attention is being focussed to rectify the situation.

The forward order book and cash generation are positive indications of a successful year. It is expected that these will continue."

profits at this stage up 11% but wanting more....full year IMO looks positive as well...DYOR, but expecting good things and any win on the court case will add cash to the growing pile IMO.....stays where it is and I cannot see why this will not be an attractive net cash target...DYOR

[qs99] 16/5/2018 13:40

Haha indeed. Agm tomorrow apparently

[moneygenxyz] 16/5/2018 12:35

Forgot that this stock could move!

[qs99] 16/5/2018 09:50

MMs short of stock IMO,Offer staying strong, bid being dropped....?

[qs99] 16/5/2018 09:43

Nice moves on small volume. IMO any decent update and it is so tightly held it could really go bonkers. DYOR...

[qs99] 16/5/2018 09:43

AGM tomorrow isn't it? 17th? Anyone going?

[jaf111] 16/5/2018 09:02

agree with your first sentiment eclair....sentiment building nicely.....hopefully a lot more to come....

[cc2014] 15/5/2018 13:39

MM have it locked down eclair. I can't get a quote to buy even 1000 shares online even thought one of the marketmakers at 330 is offering 1000. They will happily give a price to sell 5000 within the spread.

I am guessing they are trying to balance their book before the AGM without success so far.

There again who would want to sell right now. About 10 different directors and PCA's have bought shares in the last 8 weeks. I thought about buying some more myself this week but I already have plenty and my portfolio is unbalanced enough as it is.

I'm sure others will know the feeling where every brain cell in my head is saying buy more, you can't lose and at the same time those brain cells are also saying trading rules are there for a reason and breaking them will sooner or later lead to real trouble.

I have just checked 64% of my portfolio is construction and another 3.5% is materials to the construction sector. Not a good position to be in (except I think the percentage is going to be even greater by the end of the week by the time we've had NMD and CTO AGM's)

[eclair] 15/5/2018 13:05

But maybe not.

[eclair] 15/5/2018 08:18

Feels like momentum is starting to build again

[qs99] 15/5/2018 08:02

All nice movements. SOOOO tightly held....

[cc2014] 14/5/2018 11:26

Someone collecting stock in lumps of 1500 before the AGM? That's 6 so far today.

[qs99] 26/4/2018 08:07

Commercial director joining in in a small way

[qs99] 04/4/2018 14:44

Nice to see the FD buy some more....all adds up and reduces free float IMO....Once a bit of other portfolio money frees up, I'll be adding...DYOR etc

[cc2014] 04/4/2018 09:17

FD buys again. Another £25k worth to take his holding to 35k shares.


I'm not surprised to see that comment moneygenxyz. Their creditor days fell from 53 days to 42 days between 2016 and 2017 and presumably is John Homer's influence as their cash position has improved.

53 as an average would have been too long for many of their smaller subcontractors to be comfortable with.

This from the 2017 accounts "We are also targeting reducing creditor payment terms further to allow our supply chain to grow with us." - recognition there is more to do on this.

[moneygenxyz] 03/4/2018 18:02

Insightful follow up comment to that: “North Midland do not have bad payment terms, but they have systems that mean that retentions and other payments are often (not always) woefully slow, ie months late. They are one of our most problematic payers out of around 200 customers.”

[cc2014] 03/4/2018 15:19

North Midland boss slams payment practices.


There's quite a lot of discussion on this topic and some in the industry want to do something about it.

Of course with NMD's year end net cash of £12m and a bank balance of £17m, he's got more to gain and less to lose than the competition.

[qs99] 29/3/2018 08:07

Nice blue open. Think this has more legs to it imo and also reckon more directors may buy like last time DYOR. Would also like to think a positive write up from likes of Shares and IC? Gla

[qs99] 28/3/2018 14:14

MBO, now there is a thought, especially with all the director buying going on recently. Prime target IMO, but would need a decent premium from here and us PIs would have to rely on the NEDs playing properly to extract appropriate value from the bidding vehicle....but hey, let's see....DYOR...

[moneygenxyz] 28/3/2018 13:53

I'm from the midlands so I may join you. Think it's a good little company. I'm surprised there hasn't been an MBO on this.

[cc2014] 28/3/2018 13:46

I understand your frustration moneygenxyz. There's more than meets this eye to this legacy contract. I am currently planning on going to the AGM if I'm available to see if I can find out any more.

[moneygenxyz] 28/3/2018 13:36

I had the same opinion last year CC2014 but the so called legacy issue which was apparently sorted came back with a vengeance. I predicted 5-7m margin and they trounced that but annoying that I now have to sit and risk it for another year due to the legacy. Either way, will be continuing to build my stake throughout the current year to enjoy the reward next year. IF the legacy doesn't return that is.

[qs99] 28/3/2018 13:17

They did buy in droves last time did they not? Hopefully the HR Director may be followed by others....all helps IMO / DYOR

[cc2014] 28/3/2018 13:00

Another smallish buy of £12k from the HR Director at 307.8. Lovely. Wonder whether we will see any more.

[qs99] 28/3/2018 12:54

director buying...DYOR