Continuing Board Shambles Tim Kowalski needs to make his mark. So expect lots of positivity without substance…net debt 28m after dire need for refinancing, Securing growth transformation not delivering yet. Rumours of arguments with auditors. Seen it all before with Tim Kowalski
Continuing Board Shambles NCC… XXXXX Wonder did Tom go for it ? it was the second of two Brenberg tips 26th November 2018 ( not a good one in hindsight ) .
Continuing Board Shambles NCC… XXXX Tom C fancy’s this one Big fall 23rd January 2019 from 184p to 118p 29th January 2019.
Continuing Board Shambles And now the CFO quits (again) - wonder what tomfoolery this one has discovered that’s caused him to jump ship - if it’s anywhere near as bad as last time the share price is in for another tumble, sad to say.
Jefferies say Buy with 275p target No sign of GDPR / Facebook testimony / Cambridge Analytica news making much difference to the company so far - I suspect there’s no real increase in business as a result, this kind of thing is always happening, and the reason NCC are still in business, only difference with these is that they’re in the news so people know about them. I just wonder what destabilising effect the consistent downslide in performance of the Escrow division (which “remains an attractive business and stabilises the Group†- NCC Group Strategic Review Report 2017) will have on the business as a whole.
Jefferies say Buy with 275p target [link] security overload will drive NCC, says JefferiesWith cyber security high on the news agenda, consultant NCCs (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 arent 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 NCCs status gives it prominence on panels of providers, and that in turn provides leads for the proactive work following incidents, he said."
Deloitte to spend $580m on cyber-defence Reports this morning that Deloitte will spend another $580m on its own cyber-security defences:[link] 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.....
NCC advising Parliament re North Korea Intriguing report from last week showing NCC advising Parliament re North Korean cyber activities - access to the full report is subscription-only unfortunately:[link] and NCC Group come to parliament's aid on KoreaIntelligence Online-10 Apr 2018On 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 ..."
Re: GDPR compliance: big benefit for NCC Although the media are hyping up GDPR compliance I wouldn't exaggerate its benefit to NCC. At most its a side-line add on to their other services. Really these guys are about cybersecurity and web assurance, not privacy compliance. Cybersecurity should be a bigger opportunity than is evidence from NCC's mediocre results over the past several years. That's why the chairman, CEO and CFO departed rather suddenly and unceremoniously. Now we need to see whether the new team can make the most of the cybersecurity/cyberassurance opportunity. We haven't seen that yet.
GDPR compliance: big benefit for NCC There's huge potential for NCC from GDPR compliance coming soon. NCC have a wide range of GDPR services available:[link] the FT reported this earlier in the week:<a href='[link] target='window'>[link] face high cost to meet new EU data protection rulesBusinesses rush to hire staff and invest in software as privacy regulation loomsNovember 19, 2017The worlds biggest companies will spend tens of millions of dollars to meet new EU data protection laws by next Mays deadline, according to a survey that shows the costs of meeting some of the worlds toughest privacy rules.Members of the Fortune 500 will spend a combined $7.8bn to avoid falling foul of Brussels General Data Protection Regulation (GDPR), according to estimates compiled by the International Association of Privacy Professionals (IAPP) and EY. This equates to an average spend of almost $16m each.Among the biggest changes being ushered in by the GDPR is the right of individual citizens to request that their data be deleted from a companys servers. It will also impose strict timelines on businesses to identify and report security breaches. Businesses face severe financial penalties for breaking the new rules: maximum fines will amount to 20m or 4 per cent of a companys global annual turnover, whichever is largest.Any business that processes the personal information of European citizens will have to comply with the GDPR........Trevor Hughes, president of the IAPP, said companies had been rushing to hire lawyers and data protection consultants, invest in advanced data-processing software and clean up their sprawling databases.This is a rolling cost. May 2018 is by no means the end point as companies will have to invest in educating their employees in the new data framework, said Mr Hughes. On average, companies in the Fortune 500 will hire five full-time dedicated privacy employees such as data protection officers as well as another five employees to deal partially in handling the compliance rules, according to the survey. Data are emerging as the antitrust of the digital economy in the same way that state aid and competition was used to bust trusts in the 1990s, said Mr Hughes. This time, data protection has a direct consequence for consumers and citizens who use the digital economy.Financial services companies and the tech sector face the biggest compliance bills, according to the survey, which also estimates that medium-sized firms will spend an average of $550,000 to ensure they are compliant on May 28 2018.....etc"
Re: Was lucky did + @ 89.5 to go with the dear ones
If you look at the chart this is the first major point of resistance since 90p (wish I bought more ha!) so I was expecting it to stall here. At the moment it looks like normal consolidation so I'm not worried.
Re: Fall Thanks yes it can be the wide spread thought there may be comment some where
Re: Fall ..... look at the pattern this year Paul,......there have been regular events of rises followed by 5 % fall backs .....it is the norm...SAGE
Re: Fall I see that the spread is wide as well so feel this is a temp blip and will recover by the end of the week.There were a number of automated trades as well as stop losses may have been hit.Add the 2 together it tells me there are accumulating shares, but what do I knowI know nooothing