image

The best stocks to buy since 1993

Latest issue now available

SIGN UP NOW
Updates

Norcross

December 2015

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:
  • NXR
  • Price:
  • 200p
These are the first interims since we featured the shares in July. And no, your Christmases didn’t all come in at once – the shares have earlier this month been consolidated on a 10-for-1 basis.But unlike many companies that consolidate their shares, Norcross is not some cigar butt of an investment; it has done it from a position of strength. Latest interims show strong momentum across its showers, taps, bathroom accessories, tiles and adhesives businesses in the UK and South Africa. Adjusted pretax profit was up 33% to £8.8m on sales up 9% to £118.7m (+12% on constant currency), which included a three month contribution from Croydex, acquired in June. Eps was 46% higher at 11.8p. Operating margin improved t ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Norcros - A beneficiary as gas boilers are set to be phased out of new builds (September 2024)
Norcros (July 2016)
Norcros - Another acquisition (May 2016)
Norcros - Plans to grow sales to £420m within three years (July 2015)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMITED PERIOD OFFER

SUBSCRIBE TODAY AND SAVE £40 WITH OFFER CODE 40OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe

SUBSCRIBE NOW