Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Http://citywire.co.uk/money/the-expert-view-provident-financial-united-utilities-and-dmgt/a1122870?ref=citywire-money-latest-news-list#i=5 "Cyber security overload will drive NCC, says Jefferies With cyber security high on the news agenda, consultant NCC�s (NCC) expertise is in more demand than ever, says Jefferies. Analyst Ken Rumph reiterated his �buy� recommendation and target price of 275p on the shares, which were trading at 208.6p yesterday. �A flood of GDPR emails, Facebook testimony, Cambridge Analytica - cyber security and privacy aren�t out of the news,� he said. 'Regulation drives business for product companies, and raises demand for the consultancy services NCC provides.� Rumph also identified insurance and risk management as a �newer� source of business and �distinct from the normal IT department sales channel�. �It brings new business opportunities - loss adjustment, forensic type work - where NCC�s status gives it prominence on panels of providers, and that in turn provides leads for the proactive work following incidents,� he said."
Again today, but despite fall back it’s a net gain....maybe Iran nuclear deal demise raised prospects of more hacking from there in the scribblers minds? Time it went on a sustained run, needs some news flow though, and new CEO needs to show some charisma to outshine egotistical, still Executive, Chairman.
...spike (and subsequent fall) in the price today. Wonder what that was all about..?
Reports this morning that Deloitte will spend another $580m on its own cyber-security defences: Https://www.ft.com/content/535cf6f8-4f8b-11e8-a7a9-37318e776bab I note that Deloitte "provided financial due diligence" for NCC on the Fox-It transaction, so Deloitte already have a good relationship with NCC. Given the way that Fox-It went, Delotte may feel they owe NCC some work.....
Intriguing report from last week showing NCC advising Parliament re North Korean cyber activities - access to the full report is subscription-only unfortunately: Https://www.intelligenceonline.com/government-intelligence/2018/04/11/inkster-and-ncc-group-come-to-parliament-s-aid-on-korea,108306571-art "Inkster and NCC Group come to parliament's aid on Korea Intelligence Online-10 Apr 2018 On cyber matters, the committee was assisted by NCC Group, a cyber-defence company that briefed it on the modus operandi of Bureau 121, the cyber-branch of North Korea's General Reconnaissance Bureau, and its informal offshoot, the hacking team Lazarus Group. NCC Group employs several former ..."
Looks like L and G have sold c2% + of shares in last week or so which would account for share price reduction. Glad that’s out of the way and hope normal (upaward) service renewed.
Cant see why it’s falling like it has in the last few days. Disposal of Web business looked sound, guidance reiterated as on track for full year, cyber issues prevalent so should be lots of business. Wonder if it’s a spin over from Sophos woes? Very different businesses, in different parts of market, but scribblers may be marking this down due viewing it as “the same”. Or analysts don’t like the new CEO now he has been doing the rounds?!
What’s going on with this - I’m down a lot now and doesn’t look like this slide is hitting support - any one?
Probably over sold previous weeks
showing some signs of life in the last couple of days.... Views?
No sadly I am not. All I did was rather belated compare these numbers to this time last year presentations page 2 and 3, although it was too late as 30p had fallen of the share price, hence my annoyance. I also watched the presentation. Regardless, the previous numbers were much more impressive and i speak as someone who has followed this stock for nearly 4 years following a tip in the Times. I have gone to a number of the NCC GDPR and Risk sessions here and have taken time to speak to the presenters and sales people and latterly have asked about the mood in the campaign . It’s amazing what you can learn with a little digging and LinkedIn.
Whats everyone opinions on when this is going to start consolidating?
Questioning, welcome to LSE and the NCC board, your not Rob Cotton by any chance Lol Sounds like you have a bit of inside knowledge!
But harsh Questioning but I can see where you are coming from!
These are the worst ever numbers from NCC Group since they joined the market which the market has spotted. The Group always produced 15-20% organic growth year in, year out. Revenue growth was pathetically low in Escrow and not even double digit in Assurance where the market is the strongest it has ever been. They have failed to sell 2 business one of which had been trailed as being for sale to investors before Stone arrived and with an expanded cost base delivering “strategic” change, which according to people close to the company, was already in play long before the change of management, this is a dismal performance especially after the year end numbers were “kitchen sinked” and forecasts already included the office move. It is clear the company is not being run well and is full of ego and in fighting. The market nor the employees like Stone or Tenner (apparently the entire finance team has left) as neither have the suitable people skills to run the Group. This has manifested in recruiting a awkward sounding ex Quinetiq middle manager as CEO. The best hope is PE or another IT services company take them over quickly.
I see shorts have now reduced further to 1.9%. Anyone might think the SP was manipulated down to accommodate the shorter's.......Surely not that sort of stuff doesnt go on, or does it?
Other than impatience by investors who thought these last results would be stunners I can’t see much reason for it, unless analysts have taken against Stone and Palser? Think it will come back, maybe takeover target now?
Chaps this is worrying me now - I have a decent holding here and loosing my nerve slightly with this 10% slide - any one offer me some wisdom
The dividends are also pretty good. I shall hold here.
So I watched this all the way through. It actually didn't increase my knowledge over the data gleaned from the RNS this morning. Tenner the CFO gives me confidence in a down to earth workmanlike way. I still find Stone arrogant and reliant on jargon, which concerns me.....if you can't explain something in plain English then do you really understand what you are talking about? Seeing Palser was interesting...he only joined NCC after the H1 period ended so didn't participate other than to give his initial impressions of the business since 1.12.17. I found him superficial and a bit glib, with a somewhat academic air about him. Not too convinced about this team overall. But the actions taken to date are sensible and will hopefully bear fruit in H2 and beyond. Will keep my holding due to market growth rate, structural changes taking place in business and margin and turnover growth at decent levels. Will review in six months time
http://irservices.netbuilder.com/ir/ncc/newsArticle.php?id=2338511&ST=NCC RNS Number : 9447B NCC Group PLC 16 January 2018  NCC Group plc First half results reflect significant improvements to revenue and gross margins since H2 in the prior year and deliver financial performance in line with the Board's expectations. NCC Group plc (LSE: NCC, "NCC Group" or "the Group"), the independent global cyber security and risk mitigation expert, has reported its half year results for the six months to 30 November 2017 ('the Half', 'H1', 'the Period'). Operational and financial highlights Continuing operations (1) H1 - 18 �m H1 - 17 �m Change % H2 - 17 �m Change % Revenue (�m) 118.2 110.3 +7.2% 107.5 +10.0% Gross profit (�m) 46.6 40.6 +14.8% 38.1 +22.3% GM% (2) 39.4% 36.8% +2.6% pts 35.4% +4.0% pts Adjusted (3) operating profit 14.1 16.2 (13.0%) 9.2 +53.3% Operating profit 6.6 7.4 (10.8%) (54.6) +112.1% Net cash flow from operations 14.7 12.2 +20.5% 15.8 (7.0%) Net debt (44.4) (48.8) +9.0% (43.7) (1.6%) Cash conversion ratio (5) 71.0% 57.5% +13.5% pts 106.0% (35.0% pts) � Group revenue from continuing operations grew by 7.2%: o Organic(4) retained Assurance growth 14.3% - all four territories double-digit growth o Escrow organic growth 1.8% (2.1% before FX) � GM% improved by 2.6% points from 36.8% to 39.4%: o Assurance GM% from continuing operations grew by 2.7% points to 32.3% through utilisation gains o Escrow GM% recovered by 4.9% points through better cost control and improved verification testing delivery processes � Adjusted operating profit from continuing operations fell to �14.1m (2017: �16.2m) due largely to planned overhead increases committed in the prior year and adverse FX charges of �1.3m which more than offset GM gains � Operating profit fell from �7.4m to �6.6m for the same reasons noted above � Adjusted basic earnings per share 3.7p (2017: 4.7p), Basic earnings per share 1.4p (2017: earnings 2.0p) � Improved net cash flow from operations of �14.7m (2017: 12.2m) driven by improving working capital management; � Relocation to new Manchester HQ completed incurring �3.7m capital expenditure in the Period � Interim dividend maintained at 1.5p per share Strategy progress update � Assurance division now reorganised along geographic lines. � Changes to sales structures and go-to-market strategies in the new Target Operating Model will complete by Q4. � Focus on realisation in professional services starting to yield some margin benefit. � Benefit also delivered by selling more value-added specialist services for s
Results OK, decent progress in revenue and margin. Promise of future improvements once new sales models and management processes implemented. Costs contained. Stone does my head in I am afraid. Has done since I first saw him in last years full years results presentation. His sentence structure is like a PowerPoint and often circular. Hopefully Palser can tell us what is going on and the plans for the future in language we can all understand. On balance I am positive about this stare.
Interims tomorrow, so yes, you might be right. GLA (we'll probably need it....)
Could be some share changing news on the horizon.
"The Group expects to report its half-year results, for the six months to 30 November 2017 on Tuesday, 16 January 2018." - that was September.