Updates

Norcros

November 2024

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.

With the UK Construction PMI showing the fastest expansion in construction output in 30 months, mortgage approvals getting cheaper and at two year highs, and housebuilders getting more confident, Norcros’ shares went to a new high. The preclose statement said H1 sales will be c.£188m. LFL revenues excluding Johnson Tiles, which was sold earlier in the year, nudged ahead in the UK (continuing operations +1% driven by cross selling and new product development) and as had been anticipated declined modestly in South Africa (-2% at constant currency) giving a flat performance at the group level. Underlying operating profit is expected to be at least £19.5m. The consolidation of warehousing and distribution functions at both G ...

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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)

Norcross (December 2015)

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.

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