marginal concerns2 Nov 2016 14:53
Hello all,
First of all - this is my first posting on this site, as I became a member on Monday. So I am just "finding my way".
I still hold NCC, however I really would like some positive news. One, apart from the fact that cyber security is sector that will become more pertinant over the next few years and NCC will be ideally placed to 'benefit' from cyber attacks.
However, my concerns which are two fold.
One, in June there was an update that the FD Atul Patel "resigned" I far as I am aware there was "no reason" given, since the resignation no replacement has been announced. If there was I am sorry for the incorrect nature of this posting.
Two, more recently there was a trading update that "some contracts had been lost" again in my opinion, very light on details.
As I hold as reasonable amount in NCC I really would like to be give some positive news / update on NCC.
Should I be concerned that NCC do not have replacement for Mr Patel. And if the "loss of contracts" will have an inpact on NCC?
Of course, the share price reflects my concern -- £377p on the 4th October. Today £200. A fall of 45% in less than 30 days.
All the best D