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NMD Nth.Mid.Cons

530.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nth.Mid.Cons LSE:NMD London Ordinary Share GB0006452857 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 530.00 510.00 550.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Nth.Mid.Cons Share Discussion Threads

Showing 176 to 200 of 1250 messages
Chat Pages: Latest  14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
31/8/2006
18:17
Thanks Jeff; Found it!



See also they are Nottinghamshire Company of the Year:

edmundshaw
31/8/2006
17:49
Come across this dated 16/8/06:-

North Midland Construction has sealed two power station contracts worth £20m in total. The first is at Ferrybridge, between Leeds and Hull, and the second is at Fiddler's Ferry in Widnes, Cheshire.

jeff h
25/8/2006
17:30
Right. I'll have to update my own too - these results are somewhat beyond my expectations (other than the divi). They have said meet rather than exceed full year results, so perhaps the building division had an exceptional half; but I'm still looking at 30p+ eps for the full year, given the order book and positive board noises.

Hmm, the chairman not feeling very imaginitive this year; compare the 2005 statement:

"Further organic growth has been established during the first half of the year
with turnover advancing to #68.5m, an increase of 45.9% over the comparable
period last year and profit before taxation to #1.76m, an increase of 15.2%.

All the constituent elements of the Group are trading profitably..."

to the 2006:

"Further organic growth has been established during the first half of the year
with turnover advancing to #86.5m, an increase of 26.3% over the comparable
period last year and profit before taxation to #2.41m, an increase of 36.9%.

All the constituent elements of the Group are trading profitably..."

But I'm in a good mood; let's call it admirable consistency in reporting!

At any rate, it is clear the group as a whole is still expanding organically, with customer roots and office branches extending all over the country, so I expect the internal targets to be high. For this growth rate, the earnings yield is very good, and the return on capital must be pretty damn good too, so further progress is only to be expected.

To labour the analogy a it, I intend to continue collecting the fruit from this growth story for the foreseeable future_!

edmundshaw
25/8/2006
16:57
Looking forward to revised upward Broker Forecasts now
jeff h
25/8/2006
13:46
Stonking performance, divi should pay for my next foreign holiday :-] *

...and still undervalued, so still a buy and hold! :-))

* if you understand that reference, you should get out more! Like me... :-)

edmundshaw
25/8/2006
13:07
still the greatest performing small company out there haha loving it....
d4vos
25/8/2006
13:06
North Midland Construction H1 pretax profit up 37 pct to 2.4 mln stg Article text may be cut off
to the right. Click to view
article in a new window.
LONDON (AFX) - Civil engineering group North Midland Construction PLC said it
had seen a record half year for turnover and profits as it posted a 37 pct rise
in interim pretax profit to 2.4 mln stg.

North Midland, which supplies civil engineering, building, mechanical and
electrical services to companies and the public sector, said all aspects of the
group had traded profitably in the six months to June 30.

Revenue climbed 26 pct to 86.5 mln stg while net profit after tax lifted 37 pct
to 1.69 mln stg. Earnings per share increased to 15.23 pence from 12.01 a year
before and the interim dividend rose to 2.5 pence from 2 pence previously.
philip.waller@afxnews.com paw/ra

d4vos
13/8/2006
12:41
With £1.07m in the first quarter with a temporary lull in the water contracts, plus a full order book for the building division, I'd go along with £4.6m for the full year, perhaps £1.2m for H1.
edmundshaw
13/8/2006
10:09
I'm looking forward to the results edmund...think the current pre-tax
forecast of £4.2m for the year will be beaten:-

"We have ambitious growth targets for this financial year but I am confident, given our overall order book which stands at record levels, that we will achieve them, said Robert Moyle, chairman and chief executive of NMC."

.......I would think £4.4m - £4.6m more likely.

jeff h
13/8/2006
09:14
Looks like time to awaken: according to our web site, "Half Year Results Released - End of August".

The web site ( has continued to develop along with the company; with good Q1 results announced at the AGM, plus lots of confidence, in spite of a dip in H2O contracts due to AMP5 timing, and some telecomms weakness. The future of building and water looks fabulous, and I note they even have a few divisional directors with international experience ...I wonder?!! :-) All in due course, though.

Recent FT write-up stated that NMD was quite fully valued compared to others; but IMO it deserves a premium given the growth, prospects and management. A fantastic reputation they appear to have. I personally see no reason for this company to stop growing in either t/o or profit terms (and I think I may have done just a little more research the the journo!)

edmundshaw
26/6/2006
15:26
Hello fellow long-term holders
nmd appears to holding very steady at the moment and refuses to be swayed by the general market volatility. Which only gives weight to what a quality stock it is. Patience is a virtue and I will continue to hold the tranche that I already hold and look to buy another significant tranche , has previously stated.

Your's with integrity c2i

contrarian2investor
07/6/2006
17:28
Hello ed and other longterm holders
It's been a while since I posted, but I had been waiting for the market to correct itself because it had got slightly carried away with itself. At one stage almost every FTSE 350 company was rumoured to be either a takeover target or in merger talks. When hopefully after the next bout of corrections (yes we will have another one)which will see the market fall a least a further 5-7%. I will be purchasing another significant tranche of NMD hopefully around £2.40 -£2.50, again for the long-term. Which will give me a further 50% return in 2 years time.

Yours with integrity c2i

contrarian2investor
25/5/2006
07:51
Very nice.

I didn't get to add before the price rise, but I've upped my price target yet again to £4. The constant trailing of value by the share price deters me from selling these, and has done for years now.

I'm very grateful!! :-)

edmundshaw
24/5/2006
19:33
Nice AGM statement today.
deadly
19/4/2006
16:35
Ex dividend for 5p today.

Not sure why the price had to drop 25p though! Ah well, that kind of volatility is the price you occasionally pay for a tightly held stock.

Probably go up 50p next week...

edmundshaw
18/4/2006
14:44
Got into this gem in a big way last yr so well an truly happy with the 70% rise...stickin round though as 4.20 a share would even seem cheap on this...any1 whos in this got any other share tips up there sleeve for me 2 check out....ive just bought into a shipping company clarkson....
d4vos
17/4/2006
11:57
New increased Brewins Forecast for 2006:-

13/4/06 Buy Y/E 31/12/06 Pre Tax £4.2m EPS 27.45p Div 8.0p

..so profit increased +£0.2m, EPS almost +1.0p and Div +1.0p

I thought it was classed as fully listed so didn't qualify for enhanced CGT relief

jeff h
31/3/2006
06:50
I thought the business taper tax advantages still existed for NMD - it is still not in a "recognised exchange", though my broker could not tell me what the exchange was!

Re: Cornwall - you're probably right - you wouldn't want to get all busy like Devon, would you? ;-)

edmundshaw
30/3/2006
20:34
Hi Edmund

Personally, it is my view that it is the distance Cornwall has from everywhere else that allows it to keep it's charm. Travel links get ever better though, with the airport at Newquay and the Goss Moor road improvements now in full-swing.

Looks like we are almost in complete agreement re: NMD. My only problem with AIM is that my holding is in a PEP and therefore would need to be sold if they transferred. Obviously for those with holdings outside of a PEP/ISA then I can see considerable longer-term tax benefits if the company decided to switch.

Anyway, obviously in a share as illiquid as this, a sudden announcement of a move to AIM runs the risk of causing a quick selling flurry and signficant price declines. Normally I wouldn't have such an issue with that, but as I would need to sell into it, I'd much rather it didn't happen.

TC / Dum (might stick to TC from now on :-)

thecornishman
30/3/2006
11:38
Breaking through news !!
latnahc
30/3/2006
11:36
Thanks dumnonian.

i) My error, I was calculating on the profit numbers without adjusting for the minority interest (as, happily, the number of shares stays constant - no dilution!).

ii) Also heavily weighted due to the 200% rise in share price since I invested, even though I have made some disposals to correct the weighting in these to some extent. Therefore I shall not add unless there is clear and substantial undervaluation, as part of my risk/diversification strategy.

iii) Not worried by the drop - it happens; I myself have reduced in the past for the reason stated above, so we just need new investors to increase the shareholder base.

iv) What have you got against AIM?

BTW I visit and ride in cornwall frequently. I'd live there if it were'nt so far from everywhere else... but maybe that's an attraction too! :-)

edmundshaw
30/3/2006
11:14
Hi Edmund

I don't read the drop today as anymore than maybe a bit of the excessive (as opposed to irrational) exuberance that has been evident in the share price over the past few months being blown off.

One thing though. The stated increase in EPS is from 21.98p to 25.12p. I make that nearer a 15% than 20% increase.

Agree entirely though that the results are very good and like yourself continue to hold. I would add on the drop today, but I am already overweight on these given their marketcap and lack of liquidity, so I will hold off presently.

Not sure how good a year to look for next year (is 30 eps too much to hope for?) but if that estimate is somewhere near right then as you say, anything under £3 (or a possible forward P/E of 10) would start looking very good value again I think.

Still, always a shame to see the market mark down a shareprice when the results are so good, but that's the market for you. I would be very surprised if these are not somewhat higher in 12 months time.

And no talk of a transfer to AIM, thank God!

Very best

TC

thecornishman
30/3/2006
09:21
Yup. Results today, and they didn't disappoint! Earnings and eps up just over 20%, PE curently just over 12 for a really good growth story - still cheap as chips!

Super prospects with 4 years' good AMP contracts. NM Building, highways and nomenca had first half/prior year problems, with AMP4 slow to start and highways contracts harder to find in the summer, so more room for these to improve next year - and in spite of this profits up 20%!! And with the order book bulging as never before, and the new properties to work from, NMD seems set to grow further.

Current rating is still very reasonable, so I shall be holding all my shares and upping my price targets.

The drop today so far is impossible to read. But that has always been the case with this co. Just need to sit back and wait.

I may add if this drops under £3.

edmundshaw
28/3/2006
11:09
Anyone aware of a date for results? Has normally already passed by now -hopefully sometime this week.
penpont
20/3/2006
16:32
ED
Here's to us long-termers then. Lets hope the directors don't get an offer they feel they can't refuse.
All the best for now

Yours with integrity
c2i

contrarian2investor
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