North Midland Construction Share Price (NMD)

moving along today

did notice... and then read... and am interested for £55m mcap?

The Directors are now confident that revenue for the current year will exceed these full year expectations and anticipate revenue being circa £340 - £345 million, with net margins within the anticipated range previously set out above, but more specifically between 1.7 - 1.8%

No-one interested?

Not much to consider really. If no more legacy contract issues that profit of �8-10m this year with �12k net cash or something like that and a load of real assets (buildings). No pension fund deficit. With a market cap of about �31m you don't even need to work out the P/E. It's somewhere between 3 and 4. Only the legacy contract holding the price back and the lack of coverage of small cap stocks. First point will resolve itself sooner or later and they have provided already their best estimate. Second point goes away as the turnover goes up. Once the turnover gets to �500m things will look very different.

Looks interesting following the Final Results this morning. Growth, 90% of this year's billing in bag, cash on the up, legacy contract issue now behind it it would appear. Very low rating on a p/e and also forward underlying EBITDA vs EV basis. Yield on the up and with clean 2018 numbers this could be increased again. Do your own research etc, but would appreciate your views. I have looked at other boards and seem pretty positive. Does anyone have a view here please as this thread looks very quiet. Am thinking of buying.....Thanks.