NMCN (NMCN)

Sector:

Construction and Building Materials

Index:

FTSE Fledgling

512.50p
   
  • Change Today:
    -17.50p
  • 52 Week High: 760.00
  • 52 Week Low: 486.00
  • Currency: UK Pounds
  • Shares Issued: 10.40m
  • Volume: 2,236
  • Market Cap: 53.28m

Deal with Barclays Trade now with Barclays Stockbrokers

North Midland Construction revenues top expectations

By Duncan Ferris

Date: Wednesday 24 Oct 2018

LONDON (ShareCast) - (Sharecast News) - North Midland Construction's new contract wins have set revenue on course to beat full-year expectations.
Full-year revenue is now expected to fall between 340m and 345m, an upgrade from last year's revenue of 291.8m as well as the company's previous target for revenue of approximately 308m.

Since the publication of interim results in August the London-listed company has won a number of contracts, including a 55.5m design and build scheme for the department for infrastructure of the State of Jersey and a 225m civil engineering K7 capital works framework contract for South West Water.

John Homer, chief executive of North Midland Construction, said: "We are delighted that the significant improvement that we reported in August has continued, as we had expected, into the second half of our financial year. The outlook for our future trading remains buoyant. The benefit of these significant contract wins will continue to feed quality work into the forward order book."

The new contracts are expected to provide 40m in revenue per year for up to five years.

Consequently, the outfit's order book for delivery in the new year is 9% than 2018's order book was at this point last year, rising to 222m.

"Our focus on cash management is performing well and providing positive cash flows for investment opportunities. Our people and our culture will remain our overarching differentiator for further success. We will continue to invest and drive progress in this area," said Homer.

North Midland Construction's shares were up 11.78% at 486.25p at 1040 BST.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

NMCN Market Data

Currency UK Pounds
Share Price 512.50p
Change Today -17.50p
% Change -3.30 %
52 Week High 760.00
52 Week Low 486.00
Volume 2,236
Shares Issued 10.40m
Market Cap 53.28m

NMCN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.81% above the market average38.81% above the market average38.81% above the market average38.81% above the market average38.81% above the market average
10.53% above the sector average10.53% above the sector average10.53% above the sector average10.53% above the sector average10.53% above the sector average
Price Trend
4.66% above the market average4.66% above the market average4.66% above the market average4.66% above the market average4.66% above the market average
15% below the sector average15% below the sector average15% below the sector average15% below the sector average15% below the sector average
Income
49.29% above the market average49.29% above the market average49.29% above the market average49.29% above the market average49.29% above the market average
41.94% above the sector average41.94% above the sector average41.94% above the sector average41.94% above the sector average41.94% above the sector average
Growth
69.91% above the market average69.91% above the market average69.91% above the market average69.91% above the market average69.91% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average

NMCN Dividends

  Latest Previous
  Interim Final
Ex-Div 15-Aug-19 02-May-19
Paid 13-Sep-19 24-May-19
Amount 9.00p 12.00p

Trades for 26-Feb-2020

Time Volume / Share Price
14:16 1,876 @ 502.50p
14:51 259 @ 514.00p
14:04 500 @ 505.00p
10:52 1,500 @ 502.50p
10:38 248 @ 517.90p

NMCN Key Personnel

Finance Director Daniel Adam Taylor
CEO John Homer

Top of Page