NMCN (NMCN)

Sector:

Construction and Building Materials

Index:

FTSE Fledgling

 117.50p
   
  • Closing Price Chg:
      0.000p
  • 52 Week High: 380.00
  • 52 Week Low: 117.50
  • Currency: UK Pounds
  • Shares Issued: 10.40m
  • Volume: 0
  • Market Cap: £12.22m

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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NMCN Market Data

Currency UK Pounds
Share Price 117.50p
Closing Price Change 0.000p
% Change 0.00 %
52 Week High 380.00
52 Week Low 117.50
Volume 0
Shares Issued 10.40m
Market Cap £12.22m

NMCN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.60% above the market average66.60% above the market average66.60% above the market average66.60% above the market average66.60% above the market average
62.16% above the sector average62.16% above the sector average62.16% above the sector average62.16% above the sector average62.16% above the sector average
Value
66.60% above the market average66.60% above the market average66.60% above the market average66.60% above the market average66.60% above the market average
62.16% above the sector average62.16% above the sector average62.16% above the sector average62.16% above the sector average62.16% above the sector average
Income
59.03% above the market average59.03% above the market average59.03% above the market average59.03% above the market average59.03% above the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average
Growth
82.73% above the market average82.73% above the market average82.73% above the market average82.73% above the market average82.73% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average

NMCN Dividends

  Latest Previous
  Interim Interim
Ex-Div 13-Aug-20 15-Aug-19
Paid 11-Sep-20 13-Sep-19
Amount 10.00p 9.00p

Trades for --2021

Time Volume / Share Price
0 @ 0.000p

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