Updates

NCC

December 2016

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.

NCC’s trading update for the four months ended September surprised investors by announcing that despite continued strong revenue growth it suffered margin pressures in the first half as well as three unrelated contract cancellations in its assurance division (only one to do with Brexit). It also experienced difficulties with some managed services renewals. As a result profits will be more second half weighted than usual.N+1 Singer has left forecasts unchanged with eps of 12.6p expected year to next May and 14.6p in FY’18.Oddly the shares have fallen as if there had been a major downgrade and now represent good value on a forward PE of 16.1. Strong hold. ...

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Whitbread

McCarthy & Stone

NCC - Third profit warning (April 2017)

NCC - Directors buy shares (March 2017)

NCC - Exits loss-making business (September 2016)

NCC - Cyber security demand explodes on back of hacking attacks (July 2016)

NCC (September 2013)

NCC (February 2013)

NCC (January 2013)

NCC (September 2012)

NCC (July 2012)

NCC - Increased liklehood of eps upgrades (June 2012)

NCC - Explosion of cyber crime and hacktivism drives eps upgrades (February 2012)

NCC (December 2011)

NCC - Shares surge over Â£7 (August 2011)

NCC (April 2011)

NCC - Acquisition drives shaeres above Â£5 (December 2010)

NCC - Shares hit all-time high (August 2010)

NCC Group - Useful acquisition (July 2010)

NCC - Gain to date: 97% (March 2010)

NCC - Recurring revenues up 22% (August 2009)

NCC - 11% growth in beneficiaries (March 2009)

NCC - Makes acquisition (January 2009)

NCC - Organic growth running at 16% (December 2008)

NCC - DKW introduces price target of 439p (August 2008)

NCC - H1 earnings rise 44% (March 2008)

NCC - Shares break through Â£4 mark (September 2007)

NCC (June 2007)

NCC - Acquisition well received (March 2007)

NCC - Contract renewals over 90% (October 2006)

NCC - Share strength is cue for taking profits (March 2006)

NCC - Buys U.S. escrow business (February 2006)

NCC (December 2005)

NCC - Contract renewal rates close to 90% (September 2005)

NCC - Escrow sales team growing again (June 2005)

NCC - Results trigger break-out (March 2005)

NCC (December 2004)

NCC Group - Escrow agent eyes massive market opportunity (November 2004)

NCC Group - Escrow solutions group makes strong debut (October 2004)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

NCC

December 2016

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