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Hi -there appears to be a large amount of sells going through i.e. 5 million+. I've never seen the likes before, but the share price doest appear to be moving in response. Anyone have any idea what's going on? Happy with my position, just a little confused.
Very good results today. "Marginally ahead of expectations" implies around say 24p EPS based on Sanlam's forecasts. The 2.2p interim divi also implies a 6.6p full year divi, ahead of Sanlam's 6.2p forecast. Cash flows look pretty good, and the outlook in particular is bullish, despite the rand continuing to weaken. A current year P/E of only 10 would see a 240p-250p share price.
Who is buying up 185k of shares? does somebody know something? better than expected results tomorrow?
Interesting....a lot of buys, a tight spread, broker rating of £3 (50% potential upside)
1:10 10 old shares = 1 new one. sp went from 18.75p to 187.5p
Im not in here but was wondering what the consolodation ratios were? 1:100 1:10 ?? thanks
Wow good job I bought some yesterday.
Share consolidation comes into effect
A slight issue with the decimal placing I think...
NXR are tipped in this week's Shares Mag as part of a long feature on top brands: "Norcros (NXR) 20.7p It may be the name of Neptune’s largest moon but Triton is almost certainly better known to UK consumers as one the country’s most recognisable marques of electric shower. What they may not realise is that it is a brand owned by listed bathroom fit-out specialist Norcros (NXR). The company would appear to be an obvious beneficiary of the UK’s still nascent economic recovery. Meanwhile, an objective to greatly increase the proportion of revenues generated from outside the country should also help prompt a rerating as the market rewards a more geographically balanced business model. Norcros supplies high quality showers, taps, bathroom accessories, ceramic wall and floor tiles as well as adhesive products. The group’s operations are primarily located in the UK and south Africa. In the UK, Norcros owns Triton, the market-leading shower brand, Johnson Tiles and Norcros Adhesives as well as Vado - a major manufacturer of bathroom controls including taps, mixer showers, bathroom accessories and valves. These are exported to over 60 countries, most notably the Middle east and Africa – a judicious and accretive addition from March 2013. In south Africa, norcros operates under three brands; ceramics retailer Tile Africa; Johnson Tiles South Africa, a manufacturer of ceramic and porcelain tiles; and TAl which manufactures ceramic and building adhesives. The bathroom fit-out specialist is up 14.5% year-to-date and while revenue growth has been muted in the first quarter, we keep faith with a proven management team implementing a sound growth strategy. despite a positive backdrop for construction, The group saw only 0.7% revenue growth in the UK in the year to march 2015. The South African business, by contrast, saw 15.1% constant currency revenue growth but gains have been severely impacted by a weak rand. The more recent first quarter update (22 Jul) trimmed turnover growth in that region back from 12% (constant currency) to 7.9% in sterling terms. The upshot is that first quarter revenues are up 3% (or 4.3% if you discount currency movements) and again, as per final results on 18 June, Norcros flagged a challenging UK retail environment. On the upside, the UK trade segment was a little more encouraging with revenue growing 0.6% in the period as the group benefited from increased activity in the trade segment due to an improving housebuilding and commercial space. The 25 June announcement of the group’s £21.9 million acquisition of Croydex – a designer, manufacturer and distributor of high quality bathroom furnishings and accessories with exposure to both the UK trade and retail segments – is exactly the kind of deal norcros should be doing in order to drive UK growth. ‘The acquisition of Croydex is a compelling fit with our strategic growth criteria, bro
Good news. The Chairman has been buying shares - £25k is a material sum and a decent vote of confidence, adding another 10% to his stake: http://www.investegate.co.uk/norcros-plc--nxr-/rns/director-pdmr-shareholding/201508061017173012V/
Latest forecasts from Sanlam Securities: - this year : 2.3p EPS, 0.6p dividend - next year : 2.5p EPS, 0.7p dividend
I've a new share holder, just though Id drop in and say hi..
Not invested here, yet, this comes from todays small cap value report from Stockopedia (hoping link works) http://www.stockopedia.com/content/small-cap-value-report-25-jun-2015-nxr-anp-cost-101768/ Regards CM
Thoughts may be of interest. http://www.privatepunter.co.uk/News/nxr-fdev-lpa-25-june-2015
looks a good deal at first sight. Growing turnover and profit will make the pension deficit a smaller proportion of the enlarged business. The re-stated ambition to get to £420m turnover suggests further acquisitions to come.
Yes, plus those looking to purchase to get benefit of being on register for useful dividend payment.
now have 12% of the company, spread across various funds. Their last interim report in Nov 14 showed they had a small shareholding in NXR their 'value opportunities' fund and zero in their 'small cap' fund. That has now changed, and I found no holdings RNS before Friday, suggesting their purchases happened recently. I wonder if they bought all Shroeders remaining holding? That should clear any selling overhang and might see a bit of SP momentum?
Recent bid for AGA (big pension deficit) and now a bid for THT (big deficit too) and trading not good at THT. Clearly the vultures must see something in those companies. Possibly NXR on someone's radar too....who knows?
could be just trade swaps,it's quite a normal event on these stocks.
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Thanks for that Miller Share, may also be of use http://www.privatepunter.co.uk/News/nxr-results-18-june-2015
Highlight this today. Nothing we don't already know but worth a look. http://www.stockopedia.com/content/small-cap-value-report-18-jun-2015-nxr-hrn-101290/
Do you think it might be Schroders. Yesterday around 5million shares were sold. Mostly institutional shareholders have that much.
I think there is still at least one big seller - thereby creating an overhang on the shares which is keeping the price so low. At least that is the explanation I am hoping is the case!