onewayticket
19 May 2017
Poor relation today Sophos up 16 points and over 4%NCC only up just over 2%.Slow and steady I suppose wins the race.Slightest whiff of improvement and it should reflect quickly.Own due diligence
onewayticket
18 May 2017
Good Article in Shares Magazine today Well NCC the Manchester based It security company gets a mention in an enlightening article in this weeks Shares magazine highlighting the recent attack. pride of place and mentioned second after Sopho it shows them only having made some small initial gains (3%) against some bigger gainers of between 8% and 23% for some Aim companies.Incidentally its being called the biggest Ransomware attack yet with 200,000 computers believed to have been infected from Russia to Taiwan. Not only the NHS in the UK but also the German railways , Nissan and many other organisations across the globe.Also anecdotally the article highlights that global spending related to cybersecurity services, software and hardware reached $74bn in 2016,’ and that ‘IDC expects spending to reach $100bn by 2020. That would represent an average annual growth rate of 8.3%. It is a subscription article.Own due diligence
onewayticket
17 May 2017
Re: Good, solid trading update today Read back on this one and it was a decent statement and in line with expectations and there should be every chance given Sophos's update and present global climate that work should be picking up and finding them in abundance. A good bet for the short to medium term.A good day here.Own due diligence.
onewayticket
17 May 2017
Re: Rumours? Sophos have also announced results which are ahead of expectations today and yes after the recent global Ransomware episode that brought the NHS and several global organisations to their knees then there will be plenty of new business coming through in need of protection.NCC has got plenty rebound potential.Own due diligence
Rusty Jock
17 May 2017
Re: Rumours? All the listed Cyber protection shares made significant gains in recent days following the recent global cyber attack which Sh t down parts of thr NHS . But the gain in the NCC share price was much more subdued by comparison . I think today's rise is a catch up day and let's hope it runs up a bit more from here .
okgetreal
17 May 2017
Rumours? 12% rise, nothing new that I can find, volume not huge but the price is certainly moving, anyone hearing any rumours?
paddington_bear
29 Apr 2017
Now Clouds Clearing? Gratifying to note that since buying in so recently, a heavyweight chairman (temporarily executive) has joined and yesterday's update has confirmed nothing further that is scary has been uncovered since the half year results and mid Feb review started.Projected EBITNA remains circa £36m, compared to 2016 and 2015 actuals of £43.7m and £29.5m. The essential question is why are revenues not converting to bottom line profits, which will be needed to offset debt.There have been several (too many?) acquisitions in the last two years, including a fund raise in Nov 2015 at 275 pence and their integration will take time and skill. After dumping Domain Services and with Escrow still chugging along, this latest update by lack of bad news can give rise to some hope.......indeed the SP has risen 15% (coincidentally!!!) since I joined. DYORPB.
gretel
27 Apr 2017
Good, solid trading update today Exactly what was needed. A nice, smooth trading update to 31st March with no surprises.Confidence should continue to slowly return here.
TrenthamExile
24 Mar 2017
Zacks investment upgrade NCC to hold I was wondering why the SP has been so buoyant over the last couple of days and came across this article which might explain it :[link] Group (NASDAQ:NCCGF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday."
gretel
20 Mar 2017
RNS : Artemis buying more They're now above 5% with 14.03m shares:[link]
paddington_bear
15 Mar 2017
Now Completing Clearout? Time for a tentative paw in the water.My assessment is that the CFO was way out his depth when major takeovers occurred and the CEO was over ambitious. Not to keep shareholders advised of problems building was a whole Board failure, so Chairman needs to go also.It seems one division continues to perform well and with the combined talents of Brian Fenner and Jonathan Brooks, I would expect some brutal but effective financial surgery and the start of a recovery. A company of this (former) status will need a strong CEO/Chairman with suitable appointments asap. The debt levels are manageable at present and I would anticipate cash flow to be improved swiftly before the bottom line eventually recovers. With luck there may be no more than one further profit warning to come, arising from the Review. DYORPB
gretel
14 Mar 2017
JO Hambro buying more NCC This reads well:[link] Mar 2017Mark Costar , the high-performing manager of the JO Hambro UK Growth fund, has revealed the reasons why he keeps buying shares in NCC Group, despite the shares falling starkly over the past year.Costar has long been an investor in the shares and he confirmed in his latest update to shareholders that he has been buying more as the shares have tumbled.He commented, ‘NCC is the world’s largest independent cybersecurity consultancy and operates in an area of clear, strong and, if anything, accelerating growth. Ironically, as the company has prepared for this growth, it has invested significantly in resources ahead of delivering expected projects. In doing so, it has built up the key asset required to execute this, namely highly skilled cybersecurity professionals. Consequently, some unfortunate specific delays have left the business with a utilisation shortfall, which has become increasingly clear that it will not be able to fill in the immediate future. As a result, the company announced profits will be below expectations.’Costar continued, ‘Unsurprisingly, investors did not take too kindly to this news. At one point, the company’s enterprise value was justified almost entirely by its unrelated software escrow business, thereby valuing the cybersecurity opportunity at next to nothing. While the events were clearly disappointing in the short term, when the dust has settled, this is very much a transitory issue in a powerful long-term story. Cybersecurity has become a critical service, it has moved from an IT decision to a boardroom decision. It has broadened out from the computer and the network to mobile, automotive, industrial equipment and indeed any device which can connect to the Internet. NCC has been investing to serve all of these areas and is highly respected in the industry, with very strong, client loyalty and engagement. In short, it is a highly valuable strategic asset. To us, this is a genuine case of growing pains in the business. As such, we took advantage of the weakness to add significantly to our position.’"
SundayTrader
01 Mar 2017
Resignation The market has treated Rob's resignation as good news. Don't like being hard on a CEO, because they usually work pretty hard for their money, but he has presided over a complete disaster, and a new face is needed. I was preparing to sell at these levels, however this changes things. There have been some major acquisitions over the past few years, and I suspect it is a case of long-standing management not getting to grips with some very different culture. That looks rescuable with new management, so I will continue to hold.
sasa43
27 Feb 2017
Re: NCC sp was at these levels in 2011..... Interesting question, that, sage....I came out of NCC when they suddenly lost two or three contracts a few months ago, as I'm always suspicious of a negative news item that goes unexplained and now this...Redcentric discovered a hole in their balance sheet a while back and this poleaxed their sp, too but they announced picking up several good contracts recently (one a big job from the NHS) - might some of the lost NCC contracts have gone to them?I might go back into NCC around todays level and am also contemplating adding to my RCN, as everything has its price after all, unless it seems the setbacks presage more serious probs ahead. Hopefully just reputational damage at this stage.Given the 'necessity' industry they operate in these days, both could be considered acquisition targets, I guess. I marginally prefer RCN with their higher % of repeat business and they seem to be trading better than NCC currently, too - any thoughts on this yourself? - sasa.
sage in the hills
23 Feb 2017
Moneyweek like tipping shares, .... but ..... ......they NEVER ....WARN of something going wrong on THEIR tips ....ADMIT mistakes they made of tips that have plummeted ........... shabby ......SAGE
