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 Shares Traded Last Trade
  0.00 0.00% 530.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
510.00 550.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 291.77 1.00 7.31 72.5 54
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
30/11/201809:09North Midland Construction972
01/4/201612:02Top Ranking Constructor - Yield 3.64% PER235
25/8/200509:52North Midland3
17/11/200311:42North Midland Construction - strong buy trading on a p/e of 4x for this year39
09/5/200123:11LITTLE GEM-

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cc2014: OMG I'm showing my age. If your trade is with IG, then you don't have any shares, you have a bet on the share price of NMCN. IG may or may not have hedged, so they may own some shares. I see the price has nudged up again today. Probably on this which is a few days old: £65m Jersey STW I am building a new thread under the new ticker btw. Working on it slowly. I'm pretty busy right now. I hope to have it finished soon. My html is lousy.
cc2014: That's a good question QS99 and very difficult to answer. NMD is part of FTSE fledgling and as far as I'm aware there is no FTSE fledgling ETF or tracker fund. It's going to take some time to get promoted to FTSE small cap as the entry requirement is around £185m market cap. FTSE small cap trackers are not popular in the UK, although they are very popular in the US. Having said all that the small cap funds will begin to take notice somewhere between £75-100m market cap. These aren't trackers but will be searching for small cap companies which can significantly outperform the market. NMD fits this bill. However, the low liquidity and family share ownership is going to put them off as it's going to be difficult for them to get a decent chunk of shares. Should the share price rise to say £20 per share I suspect the family will be forced to provide greater liquidity. That's a good problem to have though. In the meantime what we can clearly see is that the management team are busy bidding and winning new work which will grow the company at a minimum rate of 20-25% a year, a decent achievement against a fairly bland UK economy. We can also see there is a strategy in their bid process, focusing on areas of work they know well. It suggest a managed, focused approach and that's always the right sort of work to win. This share is the best share in my portfolio and more importantly is easy for me to manage. I'm in at 115p and I always imagined when I got a share that multi-bagged this much this fast I'd be spending all my time trying to figure out where to sell. Instead I find myself looking at the newsflow and knowing that's not a decision I need to make. How wonderful.
cc2014: Yeah another delayed buy coming through later I'm sure. Regrettably and I hope I'm proved wrong, I'm not sure we can get comfortably above 500 for a while. What I do think though that there is enough interest that it can comfortably hold 500 and buyers will now come in on any dip. Probably a phase we need to go through. I say this because there was nothing in the RNS this morning that was a surprise to me and the stock is way off the radar in terms of analyst coverage. Ok, the revenue is going to come in about £10m higher than I thought but I'm a little disappointed with the profit figure. I was looking for slightly higher at £6.5-7.0m. Still, a very good day and another 6-12 months and I think the market cap will be significantly higher than now. We just need to get to £100m and then the analysts will really start to pay attention. Maybe the re-branding will put another 5% on the share price. North Midland Construction, NM Group, Nomenca doesn't really do it for me.
dround87: Pity to see the share price down this much off the back of a fantastic year. Great time to add though.
cc2014: The spread is telling us something. I am being quoted 471p to sell 500 shares and 455p to sell 5000. The spread looks like 40p but it's less. It discourages buying but if you want to sell the MM's will happily take your shares off you at a considerable premium to the bid. Once they've balanced their book they will close the spread up somewhat. Unless they get a big sell it's likely to close to the upside as the MM's are struggling to get stock to balance their books. Bottom line.. The share price rose from 330p at the start of August to 450p at the end of August and considering that rise very little volume has gone through. That's a 38% rise as it went XD in the same period. The lack of sellers tells us the level of conviction of those holding shares is very high.
cc2014: Milliecusto. I suggest you read the accounts. not only do they have £18.9m in the bank but they also have £18.1m of property, plant and equipment assets a chunk of which is their offices There are no bank borrowings and no defined pension contribution scheme deficit. To be fair there are £4.5m of finance leases but even these have fallen by £0.5m since year end as the company uses cash to pay these down. (looks to me like new plant is being bought for cash and they are simply running out the finance leases in so far as is possible) there is no smoking gun here. As most of the regulars on the thread will attest it was and still is undervalued. It will remain undervalued for some time through psychology. Most will look at the share price and think they've missed the boat. Some will hope for a retrace. If you have patience you will be rewarded because the company has loads of capital to expand with and room to keep increasing the dividend whilst adding to the cash pile.
jaf111: Certainly hoping that the interims will spark some life here.... AGM statement mid May was pretty upbeat followed by CEO purchase of shares in June making the rather stagnant share price performance rather surprising.......
cc2014: I'm pretty happy now. The share price has returned to a price I find to be, how can I put this "unreasonable low" but at least responding appropriately to the ebb and flow of the market. Someone is buying the dips and it's no longer falling on bad days on FTSE. In fact the buying yesterday on the worst day on FTSE in 2 months showed considerable strength.
cc2014: And another director buy, ,this time by the HR director. One starts to wonder how much of this was lined up beforehand as directors seemed ready to press the button on the day. Or maybe they just couldn't believe the share price like us. One also starts to wonder how many other employees have bought who are not directors and are not obliged to disclose. Anyways doesn't really matter. They all believe the company is going places and I'm happy to see how it pans out.
cc2014: Whilst incredibly sad for employees and pensioners, CLLN going bust will be good news for the industry and NMD. CLLN have been keeping margins low for years by bidding for projects at stupidly low prices and abusing the supply chain for the last 30 years. The work will instead go to respectable main contractors such as NMD. You can see for example Kier's share price moved up strongly from 12 on Friday and continues to make small gains this morning I do not think NMD has any sizeable exposure to CLLN. Certainly I'm sure Mr Charlton will have asked the question before loading up his wheelbarrow again. NMD did use to work for Carillion Telent (CLLN Joint Venture) , which they terminated the contract as it was losing money. This happened about 2 years ago so it's possible they may still be owed something. Insignificant I'd say and covered by the bad debt provision. I see it as more of an opportunity. Telent (spin off from Marconi if I remember correctly) accounts show they make fantastic profits.
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