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#Should I sell NCC shares
classyfoxdestiny · 3 years
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ASK AJIT: Are these stocks good to hold for one year?
ASK AJIT: Are these stocks good to hold for one year?
‘Should I hold , exit or accumulate in 1-3 months short term and 1+ year long term?’
  Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Chidambarasamy Manickam: Can you let me know if I should hold or exit the below scripts please?
Ajit Mishra:
Company No of shares Price Recommendation HCL Info Systems 1,905 Rs 18.50 Exit Indian Railway Finance Corporation 575 Rs 26 Hold ONGC 85 Rs 145 Hold Sun TV 255 Rs 566 Exit South Indian Bank Limited 3,360 Rs 18.50 Prefer ICICI Bank TV18 Broadcast Limited 1,575 Rs 36 Exit Yes Bank 225 Rs 55 Exit if not under lock-in
  Sriparna Mondal: I have the following stocks for the past 4-5 years. Other than the ETF, almost all are down 50 per cent from the purchase price. Does it make sense to hold the stocks any longer or how should I exit and what stocks I can buy in lieu? Please advise.
Ajit Mishra:
Company No of shares Price Recommendation BSE 90 Rs 1,013 Hold ICICI ETF 1,152 Rs 113 NA (Which ETF?) JK Tyre 250 Rs 173 Hold SML Isuzu 50 Rs 1,006 Prefer Ashok Leyland Tata Motors 100 @442 Prefer Ashok Leyland
    Deepti Ambadipudi: Bought 100 shares of Bambino Agrotech at Rs 211. Should I hold, exit or add? Please guide me. 
Ajit Mishra: Exit
  Srinu Kodi: I have been seeing your opinion on many people’s portfolios and I am thankful for your unbiased review.
Recently, I have purchased these stocks with some conviction, wrt long term like 2-3 years as of now or more. I would like to have your view once if possible.
I am not in panic mode looking at market conditions as of now as I know these are quality stocks I have invested in.
Note: I purchased Gland Pharma for the short term recently as I see some potential till the time Covid is there, as it is doing vaccine manufacturing for Sputnik. I am thinking about profits for Gland Pharma.
Could you please tell me if I can hold this or sell after it reaches Rs 2,800 level? Please tell me if I can hold this for the long term.
Ajit Mishra: Yes, one can hold for long term
  Company No of shares Price Recommendation AUBANK 20 Rs 1,008.40 Hold BAJFINANCE 3 Rs 4,411.30 Hold DFM 56 Rs 333.86 Prefer Britannia DIXON 14 Rs 3,643.18 Hold DMART 9 Rs 2,854.99 Hold GLAND 39 Rs 2,542.81 Hold HDFCBANK 15 Rs 1,399.54 Hold ICICIGI 29 Rs 1,354.63 Hold INDIAMART 5 Rs 7,873.97 Hold JUBLFOOD 7 Rs 2,757.75 Hold MCDOWELL-N 51 Rs 513.71 Hold MUTHOOTFIN EVENT 17 Rs 1,129.30 Hold NAUKRI 10 Rs 4,622.06 Hold RELIANCE 12 Rs 1,911.23 Hold SYNGENE 70 Rs 602.38 Hold
  Sukanta Mandal: Need your suggestion on these — whether to hold, exit or accumulate — in 1-3 months short term and 1+ year long term. Awaiting your thoughts and views.
Ajit Mishra:
Company Recommendation Ashok Leyland Hold JK Tyre Hold Bank of Baroda Prefer SBI HDFC bank Hold Shree Digvijay Cement Prefer Ultratech/Ambuja Coal India Exit Gujarat Mineral Development Co Hold Indian Railway Catering and Tourism Corporation Hold Jaiprakash Power Exit NTPC Hold NHPC Hold HFCL Ltd Hold United Spirits Hold EIH Exit JSW Energy Ltd Hold
  Rohith Adiga: I am a starter in the stock market and trading from the last six months. Below is the list of stocks I have purchased. Advise me about buying additional stock, or holding or selling.
I am also looking for a short term plan of 6-10 months starting from June. Please suggest from my existing stock list or a new stock for short term gain. Also would like to know when to purchase the additional stock, when it’s growing or when it dips.
For example, I purchased 50 shares of Tata Motors @ Rs 124, then added another 25 when it went to @ Rs 185 and again purchased 10 @ Rs 290. Now my average pricing is @ Rs 244.
Ajit Mishra:
Company No of shares Price Recommendation HAL 5 Rs 1,100.96 Hold BIOCON 1 Rs 459 Hold ZEEL 5 Rs 224.4 Exit ITC 5 Rs 210.45 Hold HDFCBANK 1 Rs 1,377.60 Hold and buy on dips L&TFH 15 Rs 84.62 Hold ASIANPAINT 3 Rs 2,039.53 Hold HCLTECH 6 Rs 758.96 Hold AXISBANK 6 Rs 547.89 Hold RELIANCE 5 Rs 1,720.75 Hold TATAMOTORS 25 Rs 244.71 Hold for 2-3 years at least KOTAKBANK 5 Rs 1,369.65 Hold INFY 10 Rs 972.27 Hold TCS 5 Rs 2,318.60 Hold BAJFINANCE 2 Rs 3,636.00 Hold
  Jasminkumar Maheshbhai Gajjar: I have been following your posts on a regular basis. I have invested for long/mid-term. Request you to advise for the below stocks held by me.
Ajit Mishra:
Company No of shares Price View Recommendation Alok Industries 350 Rs 22.78 Mid-term Exit Bandhan Bank 50 Rs 348.43 Long-term Hold Bharat Elec Ltd 75 Rs 134.71 Mid-term Hold Biocon 30 Rs 410.81 Mid-term Hold Burger King 50 Rs 132.38 Long-term Hold Cyient 15 Rs 690.22 Mid-term Hold Firstsource Sol 80 Rs 116.64 Mid-term Hold India Cements 60 Rs 168.43 Mid-term Hold Inox Leisure 30 Rs 332.34 Mid-term Hold J K Tyre 50 Rs 118.32 Long-term Hold Laurus Labs 20 Rs 468.02 Mid-term Hold Manappuram 50 Rs 159.96 Mid-term Hold Motherson sumi 40 Rs 236.75 Mid-term Hold NMDC 50 Rs 157.46 Long-term Hold Spicejet 130 Rs 86.35 Long-term Hold Sun Pharma Adv 50 Rs 183.02 Mid-term Hold Sundaram Fin ltd 6 Rs 2,528.45 Long-term Hold Tata Chemicals 15 Rs 690.82 Long-term Hold Tata Power 75 Rs 92.85 Long-term Hold Tata Steel BSL 100 Rs 96.18 Long-term Hold Time Technopl 75 Rs 84.34 Mid-term Exit Zen Tech 100 Rs 86.60 Long-term Exit
  Rajkumar Dhyani: Namaskar. I’m a small investor who looks for mid and small-cap scrips to invest in. I can invest Rs 5-10K monthly in stocks. I’m looking for a long-term vision, probably 1-2 years vision. Can you please suggest few important scrips which match my requirement?
Ajit Mishra: One can invest in Finolex Industries, Ashok Leyland, INOX Leisure, Exide Industries, Kansai Nerolac.
  Marshall: Please review my portfolio, if I can hold, accumulate or exit from these stocks. I’m not sure of the period if I have to hold these stocks. Please advise.
Ajit Mishra:
Company No of shares Price Recommendation Balaji Amines 20 10 @ Rs 824 and 10 @ Rs 2,500 Hold Laurus Labs 100 50 @ Rs 400 and 50 @ Rs 490 Hold Sun Pharma 10 Rs 60 Hold Wock Pharma 10 Rs 590 Hold Eicher Motors 10 Rs 2,520 Hold Titan 10 5 @ Rs 1,126 and 5 @ Rs 1450 Hold Tech Mahindra 10 Rs 1,000 Hold TataSTLBSL 50 Rs 100 Hold Poly Cab 10 Rs 1,480 Hold SUN TV 10 Rs 520 Exit Adani Power 100 Rs 100 Exit Larsen and Turbo 10 Rs 1,450 Hold
  Rane Tushar: I hold following stocks. Which should I hold and which should I exit?
Ajit Mishra:
Company No of shares Recommendation IOB 60 Exit URJA 5,000 Exit TTML 700 Hold for 2-3 years DHFL 203 Exit GMBREW 85 Hold GRAPHITE 96 Hold NOCIL 942 Hold PRAKASH 965 Exit
  Sunil: I want to invest Rs 2 lakhs rupees for long term. Please suggest and guide me about some good equity shares.
Ajit Mishra: Bharti Airtel, ICICI Bank, Nippon AMC, Britannia Industries, Maruti Suzuki
  GOPAL CHAKRABORTY: I am holding the following mentioned stocks for the long term. Kindly advise.
Ajit Mishra:
Company No of shares Price Recommendation Tata Steel 220 Rs 470 Hold Suzlon Energy 2,300 Rs 5.70 Exit Tilaknagar Industries 600 Rs 72 Exit Clariant Chemicals 59 Rs 598 Hold NCC Ltd 213 Rs 67 Exit Suven Lifescience 175 Rs 62 Hold HCC Ltd. 180 Rs 57 Exit Andhra cements 1,200 Rs 23 Prefer Ultratech Educomp 2,200 Rs 190 Exit Yes Bank 2,500 Rs 17.50 Exit Gufic Bioscience 135 Rs 167 Hold
  Shyam Kannacham Veettil: I would like to have hold/exit strategy for following stocks. I can hold long term
Ajit Mishra:
Stock Unit holding Average price Recommendation Bandhan Bank 30 Rs 303 Hold Federal Bank 500 Rs 57 Hold HDFC AMC 60 Rs 1,733 Hold HDFC Standard Life 260 Rs 300 Hold SBI Card 30 Rs 770 Hold Yes bank 1,000 Rs 116 Exit if not under lock-in. Dixon Tchnology 100 Rs 917 Hold Havells 600 Rs 302 Hold V guard 550 Rs 185 Hold L&T 105 Rs 1,117 Hold Tata consumer products 160 Rs 367 Hold Varun Beverages 380 Rs 435 Hold Jubilant food 25 Rs 1,846 Hold First source solutions 1,000 Rs 55 Hold Tata elxi 30 Rs 851 Hold IRCTC 20 Rs 1,309 Hold Berger Paints 90 Rs 560 Hold Petronet LNG 925 Rs 115 Hold Adani Port 100 Rs 230 Hold
  Rajesh Nair: I have 50 shares of Dixon Technologies at an average price of Rs 3,742. If I am looking at holding these for a horizon of three years, should I hold/accumulate or exit these ?
Ajit Mishra: Hold the stock. Accumulate on dips only.
  Nitesh Shah: I have these shares. Can you advise if I can hold, sell or buy more?
Ajit Mishra:
Stock Average of investment price Recommendation Aarvee Denim Rs 19.4 Exit AB Capital Rs 59.9 Exit Aditya Birla F Rs 136 Prefer Titan AFL Rs 13.7 Exit Aishwarya Tech Rs 34.3 Exit Albert David Rs 464 Exit Alok Industries Rs 60.9 Exit Amara Raja Batteries Rs 873 Hold Arvind Rs 55.8 Exit Arvind Smart Rs 91 Exit Ashtavinayak Rs 6 Exit Aster DM Health Rs 174 Hold Avenue Supermarts Rs 299 Hold Bajaj Consumer Rs 316 Hold Bandhan Bank Rs 340 Hold Bank of Baroda Rs 46.5 Exit BEML Rs 762 Exit Berger Paints Rs 160 Hold Bharti Airtel Rs 537 Hold BHEL Rs 37.5 Exit Binani Cement Rs 85 Exit Canara Bank Rs 168 Exit Cigniti Tech Rs 430 Exit Cipla Rs 474 Hold Coal India Rs 143 Exit Cosmo Films Rs 633 Exit CreditAccess Grameen Rs 702 Hold Cummins Rs 732 Hold Dalmia Bharat Rs 789 Hold Deepak Nitrite Rs 668 Hold Digjam — BSE Rs 26.4 Exit Diligent Media Re 1 Exit Dishman Carbogen Rs 161 Hold Divis Labs Rs 2,484 Hold D-Link India Rs 113 Exit Dollar Industries Rs 450 Hold Endurance Technologies Rs 1,444 Hold Eveready Industries Rs 374 Hold Fortis Health Rs 108 Hold Ganesha Ecosphere Rs 18.7 Exit General Insurance Rs 456 Prefer ICICI Lombard Glenmark Rs 515 Hold Godawari Power Rs 201 Exit Granules India Rs 343 Hold Grasim Rs 667 Hold GTL Infra
Rs 80.5
Exit GV Films Rs 7.75 Exit GVK Power Rs 35.1 Exit HBL Power Rs 57.7 Exit HCL Tech Rs 348 Hold HDFC Rs 1,217 Hold HDFC Life Rs 688 Hold HFCL Rs 27.9 Hold Hindustan Construction Rs 43 Exit Hindustan Zinc Rs 218 Hold HUDCO Rs 82.9 Hold ICICI Lombard Rs 661 Hold ICICI Prudential Rs 402 Hold IDFC First Bank Rs 57.8 Exit IFCI Rs 18 Exit IKF Tech – BSE Rs 6.93 Exit Indian Acrylics Rs 10 Exit Indo Count Rs 85.5 Exit Indostar Capita Rs 572 Hold Infomedia Press Rs 24.4 Exit Infosys Rs 555 Hold Interworld Rs 3.89 Exit IOB Rs 42.4 Exit IOC Rs 125 Hold Ion Exchange Rs 677 Hold IRFC Rs 26 Hold ITC Rs 216 Hold Jenson Nicholson Rs 16.2 Exit Jindal SAW Rs 80.8 Hold JSW Steel Rs 228 Hold Kajaria Ceramics Rs 422 Hold L&T Finance Rs 82.8 Hold Larsen Rs 837 Hold LIC Housing Finance Rs 353 Hold M&M Financial Rs 165 Hold Maharashtra Seamless Rs 500 Exit Marathon Realty Rs 67.6 Exit Maruti Suzuki Rs 6,632 Hold Max Healthcare Rs 78.9 Hold Max India Rs 391 Hold Mirc Electronic Rs 51.1 Exit MOIL Rs 156 Hold Munjal Showa Rs 61.4 Exit Nahar Poly Film Rs 48.1 Exit National Steel Rs 27 Exit Network 18 Rs 33 Exit New India Assurance Rs 400 Prefer HDFC Life Newgen Software Rs 245 Hold NHPC Rs 31.5 Hold Nippon ETF Gold Rs 35.5 Hold NOCIL Rs 157 Hold NTPC Rs 146 Hold ONGC Rs 139 Hold Paramount Communications Rs 28 Exit Pennar Industries Rs 23.3 Exit Pidilite Industries Rs 1,773 Hold Power Grid Corporation Rs 145 Hold Precision Electricals Rs 14.7 Exit Precision Wires Rs 80 Exit Raj Oil Mills Rs 10 Exit Rajapalayam Rs 348 Hold RBL Bank Rs 526 Hold Reliance Rs 1,482 Hold Reliance Communications Rs 2.55 Exit Reliance Power Rs 232 Exit Rico Auto Rs 38 Exit Saregama India Rs 767 Exit SBI Rs 270 Hold SBI Life Insurance Rs 700 Hold SGN Cable Rs 0.42 Exit Siti Networks Rs 32.5 Exit South Indian Bank Rs 25.8 Exit Sumeet Industries Rs 14.2 Exit Sun Pharma Rs 893 Hold TAEL Rs 0.24 Exit Talbros Auto Rs 307 Exit TCS Rs 198 Hold Tech Mahindra Rs 574 Hold Terruzzi Fercalx Rs 50.7 Exit Tirupati Foam Rs 10 Exit TV18 Broadcast Rs 48.1 Hold Unitech Rs 1.95 Exit Usha Martin Rs 1.25 Exit Usha Martin Edu Rs 1.25 Exit UTI AMC Rs 554 Prefer HDFC AMC or Nippon AMC Varroc Engineer Rs 421 Hold Vascon Engineer Rs 46.7 Exit Visa Steel Rs 53.5 Exit VRL Logistics Rs 432 Hold Wipro Rs 254 Hold Zee Media Rs 41.1 Exit
  Please mail your questions to [email protected] with the subject line ‘Ask Ajit’, along with your name, and Mr Ajit Mishra will offer his unbiased views.
Disclaimer: This article is meant for information purposes only. This article and information do not constitute a distribution, an endorsement, an investment advice, an offer to buy or sell or the solicitation of an offer to buy or sell any securities/schemes or any other financial products/investment products mentioned in this QnA or an attempt to influence the opinion or behaviour of the investors/recipients.
Any use of the information/any investment and investment related decisions of the investors/recipients are at their sole discretion and risk. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Opinions expressed herein are subject to change without notice.
Feature Presentation: Ashish Narsale/ Rediff.com
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swingjuly70 · 3 years
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Is Glass Conservatory Roof Or Lightweight Tiled Roof Covering The Best Choice?
Get New Construction Houses Available
Content
Exactly How The Home Remodelling And Refurbishment Solutions In London Job.
Rj Refurbishment Services.
Begin Your Job.
Small Orangery Conservatories And Glass Conservatories.
Let The Sunlight In! Every Little Thing You Would Like To Know Concerning Sunrooms
Freshly Built Residences.
To look for registration as a building contractor, firstly make certain you have examined the registration details and application guidelines. A Residential Contractors Licence details a certain areawhere you are certified to achieve jobs. Various categories are used for developing experts (Engineer, Building Inspector, Amount Property surveyor, etc.). When it comes to experience, you are needed to have functioned as an employee, a subcontractor or a chosen supervisor.
How The Home Renovation And Also Refurbishment Providers In London Job.
Is the NCC part of the law?
However, while the NCC provides a legal framework, it is ultimately the responsibility of the individual states and territories to administer. The NCC is the national technical code – the actual laws that reflect the application and administration of the NCC are matters for the states and territories to enforce.
To be registered, you will certainly need to present your certifications and experience. You will certainly require to document your qualifications as well as experience. Look into the page "Recording your experience as well as qualifications" for more information.
The 'extremely helpful' as well as high-quality solution impressed our viewers with 85% saying that making use of MyBuilder made their life less complicated and 92% score their experience good or superb. Despite which specify you stay in as well as what sort of permit you need to obtain, you will certainly have to successfully complete a training program with a Registered Training Organisationthat concerns official certifications.
TrustATrader additionally has a far better score on TrustPilot when compared to Checkatrade, although Checkatrade do have even more evaluations. It truly resembles TrustATrader are taking a look at what has not helped Checkatrade as well as have seen to it that they do a better work at ensuring both consumers as well as tradespeople obtain the greatest out of the system. TrustATrader was set up in 2005 by Gary McEwen that like Kevin, had a disappointment with a trader and also wanted to find a solution for it.
Which suggests that specific areas will be filled with investors, limiting the chance for you to be seen and to obtain jobs. Checkatrade also have a a great deal of collaborations, several of which supply special deals to tradespeople at particular suppliers such as Wickes. They likewise have partnerships with particular councils, that refer individuals on to the web site when work is needed. With both firms being very comparable, among the largest benefits that Checkatrade has a great deal of marketing plans. Checkatrade advertise on TV, usually on prime ports such as Good Morning Britain climate, the Jonathan Ross show and also others.
With this, you will certainly see to it your licence is not delayed or denied. Mandatory certifications are explained in the Construction Professions Mandatory Qualifications Arrange. You should also check the experience needs prior to applying. Keep in mind that specialist building work is notincluded in those courses.
Do I need Building Regs approval?
You will require Building Regulations approval if you intend to carry out any new structural work or alterations to your home. Additionally, work involving these areas also requires approval, although in some of these cases, competent persons can self-certify their works for compliance: drainage.
Whether a profession is regional and also what they're already devoted to will tell you a whole lot regarding whether it's practical for them to provide what they assure. It may simply be that the various other quotes are excessively high and the one firm is simply good value. A high cost is not always an indicator of top quality in a building firm yet, more than that, it is important to stand up to the evident lures of an affordable price. If one building contractor returns with a quote for your work which is significantly less than the other tender rates, you need to be suspicious.
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TrustATrader's vision is to produce the most relied on trade directory site as well as to aid consumers make useful choices on which tradesperson to utilize. TrustATrader is very comparable to how Checkatrade functions but do have a few one-of-a-kind marketing points that help to make it truly stand out. While doing some research study, I have additionally seen that a great deal of traders are miserable with the search formula the site employs, with un-related tradespeople being shown above them on the website. This also reflects that Checkatrade do not limit the quantity of tradespeople that can register in certain areas.
A certified manager certificateis released for 3 years and does not enable you to get for job. You are enabled to do only the types of work explained on your licence. You can unsubscribe at any moment as well as we'll never ever share your information without your permission. A good relationship will certainly ensure the job runs efficiently, that conferences progress well, job is kept up at an excellent pace and any kind of unforeseens are handled in one of the most expert way. Paying for job not yet carried out is a recipe for calamity and also any kind of demand by a building contractor for labour repayments ahead of time could be an indication he's in monetary difficulty.
What is a glass room?
A glass room is an extension of the garden rather than an extension of your house, meaning it's designed to allow you to use your garden and outdoor living space for a much longer period of the year. This can be extended further by installing infrared heaters.
Place information of the job down in composing-- The more thorough the better. As one of the UK's lengthiest standing and also trusted profession bodies, the National Federation of Builders is continuing to spearhead the fight versus rogue investors. local architects enables you to contact our trustworthy builder and also agreement participants, every one of whom have been strictly vetted as well as have undergone a range of referral checks. TrustATrader market on TV as well as on over 60 radio stations throughout the UK. This aids to construct recognition of the service and to generate possible leads to the tradespeople.
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Nonetheless, you need to be willing to fund huge product products yourself upfront-- yet make certain they are purchased in your name. After taking into consideration all this, you could locate that your head is rotating. Ultimately though, there is something to be claimed for your suspicion. It's difficult to evaluate each and every single little point up, so if you have a fellow feeling about one specific building contractor or professional, and also the cost is right, then choose it. First of all, where are they based, as well as what jobs do they currently have on the go?
What is the minimum area of window with respect to floor area?
As a general guide, the total window area should be less than 25 per cent of the total floor area of the house. Most of the windows should be located to the north where good solar access is easiest to manage, with minimal amounts on the east and west facades.
Small Orangery Conservatories And Glass Conservatories.
The home builder declines to authorize a contract agreement or produce any kind of documentation. Another negative sign, which provides you no hard copies to draw on, while leaving you in a weak placement legitimately if things go wrong. See MyBuilder for a convenient way to choose the ideal tradesperson for your work. The quick as well as trustworthy platform was complimented by our visitors with 90% of our panel concurring they would certainly suggest the service to a close friend.
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You can not take advantage of zero score forVAT on a new construct, or most of the BARREL concessions on restoration work if the builder you hire is not BARREL signed up. Checkatradeand theGuild of Master Craftsmenare also great areas to locate a building contractor local to where you live. They supply rigid checks, which should provide you much more peace of mind. They have a search tool where you can discover certain sell your area and look at their recommendations. All FMB members are vetted and independently evaluated, as well as are examined to make certain that they have the correct insurance policies in place.
It also sponsors the English Football League Trophy, renaming it to the Checkatrade prophy. All of this advertising aids to bring customers to the web site, helping to supply potential work to the tradespeople listed to them. Checkatrade and also TrustATrader are various and also work with a registration charge, so investors will certainly not pay per lead and also will certainly receive leads automatically from people looking for traders.
Newly Built Residences.
. Dublin, Ireland that can handle the full range of works, either by themselves or through sub-contracting.
Request recommendations and tales about how the builder has fulfilled various difficulties along the way.
Assemble a shortlist of at the very least three home builders in Dublin, Co
It is usually a good idea to play evil one's advocate and ask what the home builder will certainly not be accountable for, such as structural designer consultations.
If you can, you can try to see contractors' previous projects face to face and also speak to previous clients, or otherwise, read testimonials, suggestions as well as ratings, as well as consider detailed pictures of jobs.
However, for identify with the luxury of having the ability to choose when to purchase their first house, they ought to keep in mind that it doesn't pay to wait too long.
As the record notes, 50% of the homeowner in the research were able to buy when they were in this age variety, contrasted to only 37% of homeowner today.
Before you hire a builder in Dublin, browse through our network of 217 contractors.
We follow green building techniques as well as use environmentally friendly products in kitchen cabinetry, carpeting, exterior siding, paints as well as landscaping.
Read through consumer evaluations, check their previous projects and then request a quote from the most effective builders near you.
Specialist structure job entails demolition of a buildingand setup of a pool. You will certainly also require to supply two referrals, evidence of insurance policy, economic info, and experience a meeting. glass extensions of professionals "ensure that all building work carried out satisfies the needed building requirements". The first one allows you "to work in building and construction, profession, demolition, website prep work as well as restoration as well as fixings".
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With both Checkatrade as well as TrustATrader, before a trader signs up to the site, they are fully vetted as well as checked to make sure that they are of a top quality and also will be able to perform a high level of job. The leading 4 trades directory sites in the UK are TrustATrader, Checkatrade, MyBuilder and Rated People that all use the very same sort of services. MyBuilder as well as Ranked People are a pay per lead version, where the investor pays for warm leads that come via the site. With these web sites, nearly any type of investor can join, making it a really affordable landscape, suggesting that paying for leads will frequently lead to paying for a work that will certainly never occur. Must you think a cowboy contractor, ask around - and ask if anyone has had actually any job done by the builder, as well as was it finished to their fulfillment.
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365news · 5 years
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365NEWS NEWSPAPERS HEADLINES FOR THURSDAY 20TH JUNE 2019
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Enugu Rangers, Enyimba, Nasarawa Utd, Sunshine Stars suffer early Aiteo Cup exit Imo assembly moves to recover Eastern Palm University EDHA: group, others congratulate Edo speaker 150,000 babies born with sickle cell annually in Nigeria DG NiMet re-elected as member of WMO Organisers shift 2019 Restoration Cup draws to June 27 Air Peace disagrees with AIB report over crash of Boeing 737-300 Health workers tasks FG on uniform guideline for appointment of CMDs *BUSINESSDAY* Insurgency: Buratai's comments on soldiers' commitment unfortunate, demoralising ' Experts Updated: Lafarge Africa sells South African subsidiary to LafargeHolcim for $316m The dangerous seductiveness of collective narcissism Consumer firms current debt level doesn't call for deleveraging Discos, signs & wonders, and citizens furry Why Eterna plc is embarking on a five year corporate plan South-East 2023: Applying the SDGs Otedola exits Forte Oil shares in N64.3bn off-market deals An evaluation of Nigeria's stand on AfCFTA Cash-strapped Nigeria trapped in low growth path ' Moody's *SPORTS* 1980 AFCON winner ill, seeks help - The Sun 2019 NBA Draft Rumors: T-Wolves Trying to Trade Up, Eyeing Pelicans' No. 4 Pick - Bleacher Report AC Milan: Marco Giampaolo appointed new head coach - BBC Adepoju: Super Eagles are always AFCON favourites - Daily Trust Adidas's three-stripe trademark invalid: EU court - The Sun AFCON 2019: Femi Kuti, others to perform during opening ceremony - The Sun AFCON: Victory over Burundi'll give Eagles confidence ' Lawal - New Telegraph Africa Games: Boxing federation trials begin Monday - Punch Aiteo Cup: El-Kanemi walk over Port Harcourt City FwC - Daily Tru Aiteo Cup: Enyimba suffer shock exit - Punch Read the full article
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aniyanewjackson · 5 years
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60 million pound cocaine seizure on South American yacht
Writing is filled with white supremacist language and racist hatred aimed at immigrants and Latinos. 1, a grand jury will decide whether to indict.The of all dads, father of all fathers said prior to being called to represent Rodriguez, the two didn know each other.They do, however, share mutual friends, who described Rodriguez as the of all dads, father of all fathers, Jackson said.In a statement provided to CNN, the mother of the twins said she was in about the accident. But membership is voluntary. Whatever they need, he go out and get it, Barros said.He said the family has a bright older daughter. The Vikings jumped out to the early lead in the 15th minute when Farnsworth scored on a driving header while streaking through the box. I chose to sacrifie my moment today at the top of the podium to call attention to issues that I believe need to be addressed. 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After all, it's not every day that a Miami pop group gets to hit number one on the Billboard album charts (they held it for a week). KLM social customer service objective is that if the enquiry starts Cheap Fake Yeezys on social media, the company should sort it via social media (Econsultancy, 2014). Such phrases are difficult to avoid in a campaign for a discount code app, so a more simple and subtle call to action hyper link located at the bottom of the pages it titled "view for more top offers". You can check them out and see if they work for you. Trousers for 5, shirts for 3 and dresses for 6 are all included in the sale.Like us on FacebookFollow us on TwitterWhat's OnallMost ReadMost RecentFusion Festival79 pictures from a brilliant weekend at Fusion Presents and Fusion Festival 2019Kings of Leon, Little Mix and Rudimental where among acts to take to the stage. As for the American government, there are strict laws on the use of fake ID's. The chain has thrived by continually evolving and upgrading. The ability to cruise along on flat inland water, surveying the sights, is another advantage. Facebook says more than 1000 places use it, up from 450 six months ago. Among those who provided stolen items to the pawn shops were two contract Amazon drivers, Kroshinsky said. They worked corporate jobs before deciding to start their own business, centered around something they could both be passionate about good food.. Long has described his daily routine at the fulfillment center before. Selin Aguada, who has been driving a lunch truck for nearly half his 36 years, pulls up alongside three compadres. He has been featured regularly on industry podcasts such as the BiggerPockets Podcast, Active Duty Passive Income Podcast, Freedom Real Estate Investing Podcast, Fearless Pursuit of Freedom Podcast, Titanium Vault, The Real Estate Investing Podcast, The Best Real Estate Investing Advice Ever Show, the Good Success Podcast, FlipNerd, Wholesaling Inc., The Real Estate Investing Profits Master Series, Flipping Junkie Podcast, Flip Empire podcast, Think Realty Radio, and more.. The build to sell/close is approx 6 mo's. Ask for the hotter barbecue sauce, which is perked with piquant Scotch bonnet chilies, and request a Red Stripe Beer to chug along. The two don always go hand in hand; you must work effectively to engage your audience, as they don just come to you. "But this is an opportunity of a lifetime.
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jamieclawhorn · 6 years
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2 tech growth stocks I’d buy and hold for the next 20 years
Today, I’m on the hunt for technology stocks with the potential to deliver many more years of sustainable growth.
I’m looking for profitable mid-cap companies that still have room to grow. I don’t want businesses selling products that could fall out of fashion, or become redundant.
To satisfy these requirements, I’ve focused my attention on companies that provide the hardware and software infrastructure needed to run the internet.
Cyber security growth
The first company on my radar is “cyber security and risk mitigation” specialist NCC Group (LSE: NCC). This business provides the services and software needed to keep customer information safe, protect corporate networks from cyber attacks, and manage software development securely.
NCC went through a difficult patch in 2016 and 2017, but it now seems to be making good progress. Revenue from continuing operations rose by 8.3% to £233.2m last year, during which adjusted operating profit climbed 22% to £31m.
Adjusted figures can sometimes present an optimistic view of events. But in NCC’s case, last year’s numbers were backed up by free cash flow of £26m. This comfortably covered the dividend and allowed the group to substantially reduce its borrowing levels.
In a statement today, NCC chief executive Adam Palser said the firm was on track with its profit guidance for the current year. Analysts’ forecasts indicate that this should see the group’s adjusted earnings rise by about 10% to 9.2p per share. This puts the stock on a forecast P/E of 22, with a dividend yield of 2.4%.
I think the shares will soon grow into this valuation. Rising profit margins and strong cash generation tick my boxes, and I’m attracted to the fast-growing cyber security market. I rate NCC as a buy.
My top IT pick
My favourite company in this sector is Computacenter (LSE: CCC). This FTSE 250 IT infrastructure firm has delivered consistent growth and market-beating shareholder returns in recent years.
This firm’s shares have risen by 128% over the last five years, versus a 16% increase for the FTSE 100.
However, since hitting a 52-week high of 1,632p in July, Computacenter’s share price has gone into reverse. The stock is now worth 20% less than it was two months ago. Why?
In July, the group upgraded its profit guidance for the current year. And in August, half-year results confirmed this revised guidance, and revealed a 24% increase in half-year adjusted pre-tax profit.
What may have caused the shares to fall is the warning from chief executive Mike Norris that growth during the second half of the year may be slower, relative to 2017. Another potential concern was Norris’s comment that “it is impossible to predict how long these buoyant market conditions will continue.”
Don’t under-estimate this company
Norris is right to point out that rapid growth in demand for cyber security, network capacity, and cloud computing facilities, has driven strong growth for his firm.
However, I don’t see the risk of a slowdown as a reason to avoid this stock. Computacenter generated a return on capital employed (ROCE) of 26% last year and returned £100m of surplus capital to shareholders. These are impressive figures.
The firm appears to be on track to deliver continued growth this year. In my view, this performance comfortably justifies the stock’s forecast P/E of 18 and 2.3% yield. I’d be a buyer at this level.
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Roland Head has no position in any of the shares mentioned. The Motley Fool UK owns shares of NCC. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
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jamieclawhorn · 7 years
Text
2 high-growth stocks I’d buy today
Tenpin bowling is a bit of an old school leisure activity in a world where entertainment options are dominated by smartphones, games consoles and screens of all sorts. But Hollywood Bowl (LSE: BOWL), the UK’s largest operator of tenpin bowling lanes, has found that investing in upgrading its centres and appealing to young families is a very profitable exercise.
In the half year to March, the group’s revenue rose 7.9% year-on-year (y/y) to £59.3m. It opened one new centre to take its total to 55 and also increased like-for-like (LFL) sales by 1.2%. And looking ahead there’s still considerable room for management to increase sales by pursuing growth drivers in the near future.
The company has a strong pipeline of future sites with three new centres due to open in H2 and a further three sites already lined up and due to begin operating in fiscal year 2018/2019. On top of this, LFL sales should also continue to rise as the company’s refurbishment programme overhauls run-down Bowlplex locations it purchased in 2015 and introduces popular concepts such as Hollywood Diner restaurants and VIP lanes across the estate.
The company is also highly profitable and kicks off plenty of cash. In H1, EBITDA margins rose to 30.8% to £18.2m and net cash flow increased to £7.3m. With net debt at period-end falling to £13.5m and new centres only costing around £2.3m on average, shareholders see increasing amounts of cash thrown their way going forward.
Analysts are already pencilling in a 3.4% dividend yield for the year ahead. This figure should only rise as the company’s margins rise, one-off costs related to its IPO roll off, and refurbishment capex tails off as it nears completion of the estate renovation. Hollywood Bowl’s fortunes should rise and fall generally in line with the broader macroeconomic environment but with good rollout prospects, high income potential and a valuation of just 13 times trailing earnings, it’s still one small cap I’d own for the long term.
Back on the right track
Another stock I’d buy today is software escrow and testing assurance provider NCC Group (LSE: NCC). The company’s share price is still recovering from a couple nasty profit warnings since last winter and I reckon its shares could be a long-term bargain at their current price.  
The main reason is that despite self-inflicted pain over the past few quarters the company is still well-placed to benefit from the broader increase in demand for cyber security services while in the short term raking in cash from its software escrow business.
The new management team plans to profitably benefit from these tailwinds by selling off its software and web testing services and doubling-down on targeting the relatively fragmented and under-served cyber security services market. And while this turnaround is being executed the company is still cash flow positive with low levels of debt, meaning investors’ downside risk is considerably lower than with the likes of Carillion, for example.
With sector tailwinds at its back, a solid turnaround plan to improve sales and margins, and a healthy balance sheet, NCC Group appears to be a great play on cyber security to me.
A more reliable growth option is the Motley Fool's Top Growth Share of 2017, which has increased sales every year since going public in 1997. This founder-led firm's stock has already risen in value over 175% in the past five years but the Fool's Head of Investing believes it could triple in the coming decade.
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Ian Pierce has no position in any shares mentioned. The Motley Fool UK owns shares of NCC. The Motley Fool UK has recommended Hollywood Bowl. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
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jamieclawhorn · 7 years
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Stand clear: Carillion plc has further to fall!
Don’t you dare! Really. Don’t even think about it. I know you’re tempted. You never could resist a falling knife, could you? Well, try to avoid snatching at this one. Support services company Carillion (LSE: CLLN) is just too risky right now. It’ll have your fingers.
Watch out!
I know the temptation of catching a falling knife. I have tried several times, most notably with oil major BP in 2011, too soon after the Deepwater Horizon blow-up in April 2010. On that occasion and every other, I drew more blood than profits.
That lower share price is hard to resist, isn’t it? Earlier this month, Battersea Power Station rebuilder Carillion slumped 35% after shocking markets with a profit warning, dividend suspension, and chief executive resignation. Traders and investors who lunged for the flashing blade at that point are licking their wounds a fortnight later, with the stock now down 70%, from 190p to just 61p.
Thanks a Carillion
It fell another 4% on Tuesday. It may continue falling, it may not. I don’t know. What worries me is this: as we saw with BP, and so many other profit shockers, it doesn’t happen by accident. The crash throws up serious underlying problems that will take years to put right. 
So it is with Carillion. Today, the company has a market cap of £216m. So the £845m cash flow hit on a clutch of construction contracts announced on 10 July is a big deal, equivalent to almost seven times last year’s net company profit. Worse, average net borrowing is expected to spiral from £587m last year to £695m, or possibly £800m according to some reports. Big money for a small company.
Triple trouble
Carillion is losing hundreds of millions on three UK public-private partnership contracts, plus projects in Qatar, Saudi Arabia and Egypt (markets it is now quitting as too risky). One or two hits would be bad enough, combined it looks like dereliction of duty.
If I was in charge of a major building project, I wouldn’t be rushing to hire Carillion. Perhaps I am being too pessimistic here. The company has just announced a brace of long-term Ministry of Defence contract wins, plus wins on the HS2 line. Deals like these are its lifeblood, but the bidding processes were at a late stage when the bad news broke. The company will enter future bids from a far weaker position.
Look sharp
Management also faces the fraught and lengthy process of raising around £500m, a sum equivalent to double its market cap. It could struggle to win over sceptical investors and the process will take time, with the uncertainty hanging over the share price.
Also, Carillion’s share price is in long-term decline. Its shares have been falling consistently for more than three years, from a height of 373p in March 2014. They now trade at around one sixth of that value. Turning it round will also take years and there is no dividend while you wait. You will not become a Carillion-aire. You might lose your fingers, though.
Catching a falling knife too early is just one mistake investors make, and there are plenty more you should avoid.
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Harvey Jones has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
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jamieclawhorn · 7 years
Text
Carillion plc’s contract wins could be worth much more than £300m
Shares in embattled support services firm Carillion (LSE: CLLN) barely paused for breath yesterday after the company reported two contract wins. The long-term deals were awarded by the Defense Infrastructure Organisation and are expected to contribute £158m to core revenue over the next five years. If Carillion can take advantage of all periphery opportunities, it believes this figure could double.  
The company will provide ‘soft services’ including catering, retail and leisure at 233 military establishments in the North of England, Scotland and Northern Ireland over the next five years. Contract wins are the lifeblood of services firms but the total revenue potential of these deals pale in comparison to the £845m provision for underperforming contracts, the £700m net debt pile and the £805m pension deficit that currently dog this one’s financial performance. 
To discount these wins as irrelevant would perhaps be a little hasty however, as I believe they could help build the momentum Carillion needs to survive.
A Bearish Bounty
Carillion is the most shorted stock on the exchange and has been for a year and a half. The shares have already fallen 75% this year but, according to the FT, 16 funds are still shorting it today. The bear case rested on the company’s revenue recognition policy. 
Revenues are calculated through a process of estimates and can, therefore, differ heavily from cashflows over the course of a five-year contract. Many costs can fluctuate in such a time period, including labour, machine rental, raw materials and more.
Delays are a cost of doing business too, but are hard to quantify ahead of time. For example, the company’s Public Private Partnership deals, originally considered safe sources of cashflow, have encountered significant amounts of asbestos at great cost. 
Depending on how aggressive forecasts are, this can lead to sudden profit warnings as we’ve seen at Carillion. On top of that, it is hard to form a competitive advantage, aside from scale, in the services industry. Margins are often paper thin and it often doesn’t take much to shunt a company from a profit to a loss.
Contract critical
That said, recent business wins at Carillion are promising. Because these contracts can drag on for years, customers are acutely aware of their service provider’s finances. You wouldn’t want the firm going bankrupt halfway through a contract now, would you? 
Carillion’s balance sheet is weak. Most tangible assets are receivables that – if certain press articles are to be believed – may not be received in full. However, a £500m fundraising should be enough to see it fighting fit again, but that’s a huge ask given the £260m market cap.
Potential customers might avoid it due to its financial frailty. In turn, investors may be unwilling to provide the necessary injection of capital given the poor business outlook. The recent contract wins help reverse this vicious cycle and in doing so increase the chance of a favourable fundraiser. 
But in its current state, I still consider Carillion unworthy of an investment. Even if it wasn’t mired in uncertainty I’d be put off by the industry itself. Contracts often go to the lowest bidder and it seems inevitable that working on long-term, low-margin contracts will go wrong for all but the most experienced of management teams. 
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Zach Coffell has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
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jamieclawhorn · 7 years
Text
One outsourcing turnaround stock I’d sell and one I’d buy
One of the most important things investors can do is hold their hands up and admit their mistakes.
And Carillion (LSE: CLLN) was a howler for me. A few months ago I liked the look of forecast dividend yields of around 8.5% after the shares had lost a third of their value in two years. I was aware of the risks, but thought there was room for a dividend cut while still offering decent value.
I did not expect a complete suspension of the dividend. Or the resulting 66% share price fall to 65p.
But that’s what happened after a profit warning on 10 July, with the dividend suspended to save £80m after a failure to meet half-year expectations, and now with the expectation of missing full-year forecasts. And chief executive Richard Howson has resigned.
There’s going to be a provision of £845m hitting the books, and net borrowing is likely to climb to £695m. That’s a fair old whack for a company with a market cap of just £293m, and it renders the now single-digit P/E multiples meaningless (even if they weren’t based on pre-shock forecasts).
I’m not buying
The big question is whether Carillion is an oversold bargain now, or a rapidly descending cutting tool. 
The news is actually not all bad, with some of the problem down to the timing of now-delayed Public Private Partnerships equity disposals. And the company is apparently progressing well on its cost-reduction strategy and has been winning some new contracts.
But the shock, combined with the seriousness of the firm’s reaction and that scary debt level, leaves me feeling there could be worse to come before things improve.
A more attractive option
I’m going to stick my neck out now and say I like the look of another outsourcing firm, while hoping my favouring it does not sound another death knell. This time it’s Aggreko (LSE: AGK), a company which provides rental power, temperature control and compressed air systems. 
The firm’s specialisation should, I reckon, provide a more defensive proposition than Carillion’s more general construction services, with customers less likely to look to competitors or to do it themselves in the current challenging business environment.
Aggreko’s share price has fallen, losing 66% since a peak in September 2012 — but it has still easily beaten the FTSE 100 over 10 years, with a gain of 49% compared to just 19% for the index.
The share price slump follows four years of crumbling EPS, with a further 6% fall on the cards for 2017. But a 12% rise pencilled in for 2018 would drop the P/E to 13, with a 3% dividend yield.
Is the dividend at risk? 
Net debt at December 2016 stood at £649m, but this is a much larger company with a market cap of £2.2bn and annual revenue of £1.5bn, and by that comparison I don’t see a problem.
Forecasts for 2018 suggest a PEG ratio of 1.1, and while that’s not low enough to look like a sure-fire hit with growth investors, I think it’s actually quite attractive. 
I also see Aggreko as being in the tail-end of its down spell and starting up the other side, while I fear that Carillion still has a deeper hole to dig. With sentiment poor, it could take time for an Aggreko share price recovery to happen, but I see a buying opportunity now.
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Is Carillion plc’s 70% share price slump set to continue?
Could these growth duds be on the cusp of a stunning recovery?
Alan Oscroft has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
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jamieclawhorn · 7 years
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Better contrarian buy: Carillion plc vs NCC Group plc
They may operate in completely different markets but construction and support services firm Carillion (LSE: CLLN) and cyber security business NCC Group (LSE: NCC) do share one similarity. They’ve both endured huge share price falls of late.
Which, if either, should plucky investors back to turn things around? Here’s my view.
Grim numbers
After an awful end to 2016 (when the company disclosed the loss of three major contracts), there was never any expectation that today’s full-year numbers from NCC were going to be anything other than fairly dire. So proved to be the case.
Despite group revenue rising 17% to £245m over the 12 months to the end of May, the company still booked an operating loss of £53.4m in the last financial year. Contrast that with 2016’s operating profit of £11.4m.   
So why are the shares currently up 8%? It all seems to be down to a positive reaction to the conclusions reached from the company’s strategic review.
While reflecting that recent performance had fallen “well short of original expectations,” Executive Chairman Chris Stone stated that NCC still enjoyed “significant organic growth” in its core markets.
In addition to highlighting the company’s intention to improve the way it was organised, Stone was keen to draw attention to the NCC’s sound finances (net debt fell to £43.7m from the £48.8m figure reported at the end of H1) and how sentiment towards the Manchester-based business from markets and customers continued to be positive.  
The market also appeared reassured by the fact that earnings expectations for 2018 hadn’t been altered and the dividend has been maintained.
For long-term investors, I think NCC could be a decent buy, even if its stock trades at a still-rather-expensive 22 times forecast earnings. The demand for cyber security services will only grow over time and the company’s decision to focus on this (and sell its Web Performance and Software Testing businesses) appears sensible. 
Worth a punt?
Embattled Carillion’s share price also climbed higher this morning following the announcement it had managed to bag two new contracts with the government’s Defence Infrastructure Organisation (DIO).
Worth a combined total of £158m over five years, the contracts will involve the company delivering soft facilities management services to 233 military establishments in the North of England, Scotland and Northern Ireland. Positively, the contracts also allow Carillion the opportunity to further increase earnings through catering and retail sales.
With this news coming hot on the heels of yesterday’s announcement that the company has been appointed to deliver part of the HS2 rail line, should investors see recent events (and today’s 12% share price rise) as an indication that it’s time to pile in? Not in my opinion.
Putting things in perspective, the recent uplift in its share price is more likely the result of short sellers closing their positions rather than a reaction to these contract wins.
In addition to the above, at roughly three times its market capitalisation, the huge debt burden hanging over the company simply can’t be ignored.
With the dividend suspended and a rights issue looking increasingly likely, throwing cash at Carillion now appears more akin to gambling than investing and the very opposite of the philosophy espoused by the Fool.
For me, NCC looks the far better buy of the two.
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Paul Summers has no position in any shares mentioned. The Motley Fool UK owns shares of NCC. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
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jamieclawhorn · 7 years
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Is NCC Group plc now cheap enough to invest in?
High valuations are nothing new in the tech sector. Indeed, the scores of companies operating in the online marketplace in particular carry elevated earnings multiples as investors expect the increasingly-connected world to deliver exceptional bottom-line expansion in the years ahead.
Online security specialist NCC Group (LSE: NCC) is one such company.
But sky-high valuations often leave these companies in severe danger should their route to gargantuan profits growth suffer a puncture. And this has been the case for NCC in recent months. A shock profit warning on Tuesday sent the internet play to four-year troughs.
The stock is now dealing at a 68% discount to October’s record peaks of 307.6p per share. But is now a good time for contrarian investors to pile in?
Much work to do
NCC warned this week that full-year adjusted EBITDA would come in around 20% less than it had guided in December. The business forecast earnings of between £45.5m and £47.5m just a couple of months ago.
It advised that “the rate of sales growth and subsequent delivery in the Assurance Division in the third quarter to date has been lower than had been anticipated in both Security Consulting and Software Testing and Web Performance.” The unit has suffered from weakness across UK, continental Europe and North America, NCC advised.
The company had already warned of “three large unrelated contract cancellations, a large contract deferral and difficulties with some managed services contract renewals” at its Assurance Division in October.
With conditions seemingly becoming ever-more challenging, NCC said that it would be carrying out a comprehensive review of its operating strategy, including “a review of all of the Assurance businesses, how they operate and how they sell.”
And it added that it would look at how its assets can be better deployed and utilised “given that the significant and planned rise in central and divisional operating costs this financial year has not produced the anticipated improvement in sales.” And the board plans to draft in a team of external consultants to help with the work.
Too much trouble?
There is clearly a lot of uncertainty surrounding NCC and, despite this week’s further share price downleg, I reckon investors should be braced for further pain down the line. The company currently plans to update the market on the progress of its review “no later than July,” results from which could send the stock sinking still further.
The City expects the tech play to endure a 16% earnings slide in the year to May 2017, resulting in a P/E ratio of 12.7 times. This is well below the benchmark of 15 times considered attractive value (at least for a conventional standpoint) and represents a considerable discount from levels seen just a few months ago.
But while some investors would point to sunnier earnings projections further down the line — NCC is anticipated to punch growth of 20% and 14% in fiscal 2018 and 2019 — the scale of trouble at the firm could see these estimates getting hefty downgrades.
I reckon there is very little to encourage investors to pile into NCC right now, and particularly at current share prices.
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Is NCC Group plc a falling knife to catch after dropping 25% today?
Royston Wild has no position in any shares mentioned. The Motley Fool UK owns shares of NCC. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
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