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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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NCC - Acquisition drives shaeres above £5

December 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • NCC
  • Price:
  • 508p
Escrow solutions provider NCC has acquired US-based iSEC Partners, a leading US security testing services provider for an initial £8.1m, rising to a maximum £14.4m. iSEC made an audited profit before interest and tax of US$2.4m on revenue of US$7.8m in the year to 30 June and the deal is immediately eps enhancing. Like NCC, ISEC also has an order book derived from recurring contracts worth US$3.2m. The acquisition substantially increases NCC's scale in the US and will also provide opportunities to cross-sell iSEC's security testing services to its UK customers. Most recently NCC announced that for the first four months of this year, group revenues were 33% ahead of the same period last year. The core escrow business grew revenue ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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