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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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NCC - Exits loss-making business

September 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.

  • Epic Code:
  • NCC
  • Price:
  • 327p
The shares motored to an all-time high of 338p after NCC announced strong final results, and also said it has decided to exit its loss-making domain services side.Results showed sales rising 56% to £209m (organic growth 19%) with pretax profit increasing 46% to £38.4m. Eps increased 19% to 11.2p.Assurance (cyber security, IT testing) increased revenues by 74% to almost £169m helped by first time contributions from Accumuli and Fox-IT while excluding them the growth was still 25%. Operating profit rose 52% to £25.8m, helped by more emphatic regulatory drivers, in particular the European General Protection.The original software Escrow business, which holds source code on behalf of a customer (which ...

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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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