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I thought that the drop in October was an over reaction but this has topped that. I only wish i was making an entry point now. This share will be back and strong but it won't be a quick win. The process will start when Rob Cotton steps down.
With growth like this we should really be seeing a share price back over £3. These results are great news proving those 3 lost contracts haven't affected them as much as the city reacted to in October. • Group revenue increased by 35% (November 2015: 50%) to £125.8m (November 2015: £93.5m). Organic growth of 18% (November 2015: 17%) • Assurance Division revenue increased by 42% (November 2015: 57%) to £104.8m (November 2015: £73.8m) - organic growth 21% (November 2015: 17%) • Escrow Division revenue increased by 14% (November 2015: 7%) to £18.7m (November 2015: £16.4m) • Group adjusted profit before tax** increased by 5% to £16.7m (November 2015: £15.9m) • Group profit before tax was £7.4m (November 2015: £7.5m) • Adjusted fully diluted earnings per share 4.6p (5.0p in 2015)
I won't let this go. There does seem to be something going on behind the scenes. I'd hate to be out of this if something did happen. At worst we reject Hytera and the share drops a little bit. Likely outcome is we sell at 20p and nothing else happens, still making .50 on the current share price. Hopeful option is another bidder comes in offering that bit more or hytera increase their bid slightly to keep other competition away. Fantasy scenario is that there will be a bidding war with motorola and the share price hits £1 :D I am willing to take the risk.
NCC Data thieves are growing in number and sophistication, which is why I’m picking NCC, one of Britain’s biggest cyber-security consultancies. Under chief executive Rob Cotton, the Manchester firm has grown rapidly via acquisitions. It helps blue-chip companies keep hackers at arm’s length, and should be well placed to advise clients on forthcoming changes to European data protection rules, which will impose hefty fines on corporations judged to have been cavalier with customer information. In the current financial year (ending in May) NCC is expected to deliver pre-tax profits of about £36m on revenue of £256m, according to joint house broker Jefferies. Its shares (which closed at 180.75p on Friday) are trading on a ratio of about 17 times projected earnings, relatively cheap for the tech industry. So what’s the catch? NCC’s market value plummeted by a third in October when three contracts were cancelled and another delayed. After a trading update last month, Cotton and NCC’s chairman snapped up more than £300,000 of stock. A very public vote of confidence.
Strong appointment of John Green as NCC Group’s Chief Information Security Officer. 20 years of security experience from the military to government. As Matt said below this is a market leader in a strong field. The market reaction in October was unreal however this blip won't last long and i am confident that we will see a sp nearer 300 again within the year.
I am delighted to announce that today we have acquired US cyber security consultancy, Virtual Security Research, LLC (“VSR”). This will be our 24th acquisition to date and is part of our strategy to acquire services-led businesses in North America, to further complement our geographical and technical presence in the region https://www.nccgroup.trust/uk/about-us/investor-relations/stock-exchange-announcements/