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NCC Group - Shrugging off IT glitch

November 2012

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:
  • 918p
For much of this year NCC has been in the doldrums following disruption caused by an attempt to implement a new IT system (for which it is now considering legal action) but there are finally signs of strength, with the shares hitting a new high of 968p. It also unveiled solid trading for the four months from 1 June to  September, which showed group revenues 7% ahead on last year, although this rises to 13% by including an unusually large one-off contract in the Assurance division. As a result it is on course to deliver strong profit growth in the full year. Group escrow performed well, with organic growth of 3% (September 2011: 5%) while renewals are forecast to be £17.9m this year (September 2011: £17.1m). Escrow ...

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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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