Nth.Mid.Cons Share Discussion Threads

[safman] 03/8/2004 10:18

"I know investors who won't buy this (a) because there is only one MM, (b) and because of the spread"..

i think there are a few recovery stocks out there with half decent results.. yet only 1 MM is there.. excellent contract win..

[jeff h] 03/8/2004 10:11

What excellent contract news...per the 2003 Report on the
Telecommunications part of the business:-

'the division still remains the most profitable element of
the parent Company'

I'm sure the IC will be highlighting this as they've tipped
it in the past.

[edmundshaw] 03/8/2004 09:33

Very illiquid stock, though great performance for us in the last year.

Really hope they organise a second MM some time. I would have bought more yesterday, but MM wouldn't budge from the 7p spread and no information on trades, though my broker told me there had ben 22 trades in the last month.

NMS of 1000 shares is rather pathetic too... I know investors who won't buy this (a) because there is only one MM, (b) and because of the spread. This situation definitely holds back the share price, which is OK short term (nice low price to buy), but tough if and when one needs to cash in some chips.

[m.t.glass] 03/8/2004 09:20

Edging up, on trades that remain concealed again (as yesterday's did).

[m.t.glass] 02/8/2004 17:27

Back in May they reckoned to have already secured 70% of this year's budgeted turnover within the first quarter, since when they will presumably have secured (or be in the running for) more, and this will take them well into the comfort zone, within which their estimating department can go for higher margins on tenders submitted throughout the whole of the second half.

This Marconi contract being for work on the BT network, their name should catch the attention of a few new investors. If the firm does decide to take this opportunity to move up notch, I hope their broker (Brewin Dolphin) canvasses a few funds and institutions and considers going for a placing of additional stock with them rather than a general rights issue at this stage.

(Anyone know what role is played by Fiske (FKE) who hold 8%(?) of the shares?)

[edmundshaw] 02/8/2004 15:14

managed to get a part order fill at 152p. Having one mm really is dire.

Nice contract. I'd suggest phoning the company to get more info and, better still, a feel for how things are going in general. My impression was good. Though forward visibility in this business is not great, a four year contract lends fanatastic support to the company and its share price - for example, look what the terminal 4 contract did for Severfield-Rowen!

E.

[safman] 02/8/2004 13:08

"PPS: safman - the contract is worth £80million. (£20m per year for 4 years) "

yep..did not see that..will have a look at the companies website..

cheers..

[m.t.glass] 02/8/2004 13:05

This 2003/4 snippet from the company's website gives some idea of just how big this new contract is for them:

...Individual contracts have been undertaken to values in excess of £10m and framework contracts are in place which will yield a construction value of £50m...Contract values range from £100k to £12.5m with a predominant proportion encompassing projects between £500k and £4m...


A 'framework contract' can involve a multiplicity of lesser piecemeal projects - so it's not as if the company is necessarily taking on anything beyond its experience. But it does provide the kind of certainty which should allow the company to confidently press ahead with purchases of additional plant, IT, etc, which it might not feel inclined to do if this were a one-off one-year tightly programmed unfamiliar contract with no promise of more to come. This could thereby provide a basecamp from which to move up another level if they wish to.

[m.t.glass] 02/8/2004 12:47

PS: Holding a few of these in a pep.

PPS: safman - the contract is worth £80million. (£20m per year for 4 years)

This company is going to have to find itself an additional marketmaker or two.

[safman] 02/8/2004 12:40

interesting share ..profitable company...must be worth a closer look with a T/O of 80 mill.. capped at less than 15 mill?...

20 mill contract just announced...

[eclair] 02/8/2004 12:36

Should shift some more too - this is a sizeable contract win.

[m.t.glass] 02/8/2004 12:29

Shifting on today's big contract news.

[santangello] 26/5/2004 12:19

....all good stuff though.
Nice to see the trades going through at last.
5000 buy usually attracts more than a 1p move does it not ?

[edmundshaw] 26/5/2004 11:50

Hmm,I see some trades are showing for NMD now. Don't seem to include mine though. Bizarre goings on...

[edmundshaw] 26/5/2004 11:33

Good stuff.

Sorry about the small price drop, folks, I top sliced a little for portfolio balancing reasons (and also to buy something with agood expected short term return). This was in my plan on such a rise, but I'm still bullish here, NMD still cracking value IMHO. Holding tight to the rest of my shares.

E.

[beckaroo] 20/5/2004 18:24

AGM statement out.



Its the longest AGM statement I have ever seen. Maybe it came out after hours as it took so long to write. Nothing bad in there, turnover up, profit up, and waiting for key contracts..

[gengulphus] 12/5/2004 17:24

About the lack of reported trades and therefore volume, I got a possible answer from JakNife on the TMF site today - see .

A quick summary is that he believes that because NMD is traded on SEAT, the market makers can report its trades with up to a 5-day delay, this moves the trade reports from the daily official list to the weekly official list, and the online trade/volume data is based on the daily official list.

I certainly don't guarantee that it's the correct explanation - but it looks more plausible than anything else I've seen...

In any event, I'm certain that there is absolutely no point in paying any attention to online trades / volume data for NMD: I've seen too many of my own trades fail to appear...

Gengulphus

[edmundshaw] 12/5/2004 14:21

CD, LOL! maybe you should try the decaff occasionally!

[coffeedragon] 12/5/2004 14:09

It's Britain's Most Haunted Stock - tales tell of ghostly trades seen on foggy nights, amidst the groans of MM's long passed away......

[edmundshaw] 12/5/2004 13:56

Well there almost surely IS volume, just not reported, which seems to be a feature of this share. Not one to trade, for sure!

[aderemi] 12/5/2004 13:49

E,
my point exactly - no volume and it continues to rise.

[edmundshaw] 12/5/2004 13:41

aderemi,

How the heck do you know the volume? I can't see it anywhere I've looked. Or was that in humour?? :-)

E.

[aderemi] 12/5/2004 13:37

Continues to breakout on no volume. Interesting stock this is.

[gengulphus] 12/5/2004 09:46

Nice breakout over the last few days above 133p, which has been the resistance level at the top of an ascending triangle for the last 8 months or so. Especially against the background of the market falls!

Gengulphus

[edmundshaw] 07/5/2004 14:45

Deutsche Bank was one of the first to respond [to water companies capital spending plans], concluding: "Overall this
looks fine with the balance sheet pressures lowered at United Utilities and
AWG."
However, the broker added that capex is "only one input into the equation"
and said what really matters is the allowed rate of return, expected to be at
least 5 pct post tax.
That will not be known until Aug 5, when Ofwat publishes its draft decision
on the level of investment required by water companies and the impact on
customer bills. The final determination is due on Dec 2.
Arbuthnot noted that infrastructure works suppliers -- Galliford PLC,
Costain Group PLC and Enterprise -- will be the other major beneficiaries of the
capex programmes.
"These three companies in particular have a strong franchise in the water
sector. The news today was expected but provides significant confirmation of the
intentions to spend, which will lead to larger contracts for these companies,"
it said.

...now my point is that NMD has a significant construction presence in the water sector, so this is good news for them too.

E.