Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Good divestment of DetACT for NCC generating EUR 9M cash. The business was generating EUR 800K adjusted profit in the banking transaction fraud space. Non-core to NCC’s “Next Chapter” strategy focussing on cyber and escrow.
I bought at the lows (for once!) and I'm not going anywhere. As you say positive statement and happy to see what the next few years brings.
Looking forward to seeing what the Next Chapter strategy and the Manila office can add here.
Good news
Thank you for posting
Good to see that you have just onboarded Kelso as an Active / Value Investor. They do extensive due diligence into the companies they invest in and although only recently listed are backed by high calibre business people and High Net worth individuals, and are headed by John Goold.
They see an undervalued share price if they have invested and aim to work with management to improve that. Plenty of levers at their disposal also to assist and if true to form they normally make a second purchase. Recently bought into WRKS and within a week of disclosing that holding got tabled a resolution at the AGM to cancel the dividend and buy back their own shares which succeeded. Buy back news awaits. They might be spying the same here re the dividend and share buy backs or a higher Sum of parts for both Divisions.
https://www.lse.co.uk/rns/KLSO/investment-in-ncc-group-plc-ixl4ly36qvukfq2.html
Chart position update. After expected retracement, minimum sp, target is 131, based on 6 month accumulation, sideways formation. However such a large accumulation formation suggests, that NCC, will have further upside potential , above 131. Bollinger bands are separating , which usually indicates fast price movement , whether up or down.
Chart position, price forecast 116.7, based on sp, rise to 20/9/23, met and slightly surpassed . Expect retracement to top of 20/9/23 at 108.4, based on support and resistance principle . Large preceding accumulation price formation, provides fuel for a bullish outlook on NCC.
I'm in. Too cheap for the business its in.
Yes, this is one I sold at the right time and bought back at its low, keeper for a me (for now). I was tempted to add on the results pullback, sadly didn’t.
Same here Morbox ,i used to trade NCC around lockdown and i did well,looks like i should have bought back on result day .
What a turnaround from results day.
Not expecting 6% rise as I type, funny on Friday I did think about selling and buying elsewhere, lucky with this one sold in Feb 168p got back in at 80p (doubled my holding). Leaky ship? Anyway, going to hold.
Delayed results, possibly due to them trying to line up the below:
Quote from Odyssean (now a 6% shareholder):
"Possible separation of Escrow. Cross sell of products across US and
UK Escrow operations. Build out Assurance product offering"
GLA
Where’s everyone gone? The share is holding up quite well given the big sell-off. Any predictions on what the next 6 months will bring?
Macd, indicator is above zero, on both weekly and daily charts. Relative strength (RSI) indicator is above 50, on both weekly and daily charts , which is bullish. There is a failure swing on the weekly RSI, bullish and a positive divergence on the RSI, on weekly and daily charts , which is bullish. The larger formation resembles a cup and spoon pattern, which is bullish .
Nice. Surprised there aren’t more big buyers given this is trading at a 50% discount to where it should be.
someones still got faith with a 5 million buy at 12.39 28/04/23
Another big buy just went through, someone is loading up big time!
Date: 12-Apr-23
Time: 14:48:57
Price: 92.00
Volume: 350,000
Trade: Buy
Cost: £322.00k
This is now on top of the big buys from yesterday:
Date: 11-Apr-23
Time: 16:01:16
Price: 90.00
Volume: 253,515
Buy Price Total: £228.16k
And
Date: 11-Apr-23
Time: 16:35:11
Price: 90.30
Volume: 228,544
Buy Price Total: £206.38k
looks like any big sells are being eaten up, expect this to race back to the 120 regions fast with averaging down happening.
The business is still good and in profit, the macros of the past year temporary weighing them down.
However, with China and Russia being more aggressive in cyberspace, the need and use of digital security is growing again.
Back in at 90. Happy days.
and a nice UT at the end of Day, which are usually MM swapping shares to feed something:
date: 11-Apr-23
time: 16:35:11
price: 90.30
Volume: 228,544
Buy Price Total: £206.38k
date: 11-Apr-23
time: 16:01:16
price: 90.00
Volume: 253,515
Buy Price Total: £228.16k O
I think it will retest the inter day lows before it consolidates, there's nothing to be positive about right now and its difficult to see in an overcrowded market why you would select NCC
bargain, maybe. takeover target or merger, very maybe given the state of the tech market at the moment.
crucially they are still reporting a profit, which at the moment is the most important factor.
So what you’re saying it’s a bargain! What on a profit warning, possible loss of dividends, at present SP price likely to lose FTS 250 status. Cancelled, and delayed contracts. I like NCC but currently have have a lot of restructuring to do, cannot see much positives in owning NCC, even @ current SP price. Could be wrong, but it’s risky.Could catch a bounce, but that just hoping, not investing