NMCN (NMCN)

Sector:

Construction and Building Materials

Index:

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595.00p
   
  • Change Today:
    -12.50p
  • 52 Week High: 785.00p
  • 52 Week Low: 336.00p
  • Currency: UK Pounds
  • Shares Issued: 10.41m
  • Volume: 8,031
  • Market Cap: £61.92m
  • Beta: 0.01

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.

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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 595.00p
Change Today -12.50p
% Change -2.06 %
52 Week High 785.00p
52 Week Low 336.00p
Volume 8,031
Shares Issued 10.41m
Market Cap £61.92m
Beta 0.01

NMCN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.14% above the market average26.14% above the market average26.14% above the market average26.14% above the market average26.14% above the market average
24.32% below the sector average24.32% below the sector average24.32% below the sector average24.32% below the sector average24.32% below the sector average
Price Trend
89.25% above the market average89.25% above the market average89.25% above the market average89.25% above the market average89.25% above the market average
74.36% above the sector average74.36% above the sector average74.36% above the sector average74.36% above the sector average74.36% above the sector average
Income
39.55% above the market average39.55% above the market average39.55% above the market average39.55% above the market average39.55% above the market average
13.33% above the sector average13.33% above the sector average13.33% above the sector average13.33% above the sector average13.33% above the sector average
Growth
67.14% above the market average67.14% above the market average67.14% above the market average67.14% above the market average67.14% 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
  Final Interim
Ex-Div 02-May-19 16-Aug-18
Paid 24-May-19 14-Sep-18
Amount 12.00p 6.00p

Trades for 17-Jun-2019

Time Volume / Share Price
09:50 3,365 @ 590.88p
09:50 3,391 @ 590.00p
09:19 64 @ 590.00p
08:04 528 @ 590.00p
08:04 540 @ 590.00p

NMCN Key Personnel

Finance Director Daniel Adam Taylor
CEO John Homer

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