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NMCN – refinancing for “working capital” & “to take advantage of the growth prospects”. ER...

2021-06-21 13:30:37

Previously writing on UK engineering and construction company NMCN plc (NMCN), last week I concluded that I’d review again on the promised further refinancing announcement but for now continue to hope prior warnings were heeded and to avoid. The shares had since risen materially but are currently again falling on an update that “the company is pleased to announce it has entered into conditional agreements to recapitalise nmcn by way of a £24.0 million fundraising”...

#NMCN – proposed £29m 'recapitalisation', including £5m open offer at 20p per share

2021-06-21 07:42:25

NMCN – refinancing discussions to address “working capital”. Really?...

2021-06-14 11:44:45

UK engineering and construction company NMCN plc (NMCN) “is very pleased to report that it is now in bilateral discussions, which are well advanced, with a party to conclude a refinancing to provide the appropriate capital structure to support the group”. So why have the shares currently responded to 147.5p, more than 10% lower?...

#NMCN – “well advanced” refinancing discussions, though should they fail “will have to consider its remaining options”

2021-06-14 07:51:26

#NMCN – financing discussions “progressing well” but warns otherwise “will need to consider all appropriate options”

2021-05-28 07:59:00

#NMCN – new £12.5m overdraft facility & term sheet for a finance package

2021-04-06 07:50:29

NMCN plc – I having previously warned in December, now an intra-day “Trading Update”...

2021-02-23 15:50:11

Previously writing on a further update from UK engineering and construction company NMCN plc (NMCN) I concluded with the shares falling back below 250p still bargepole ahoy after previously noting a far from planned CEO ‘step down’ and a trading warning following CFO resignation and what sounded like a rush for liquidity. Now an intra-day (1:23pm) “Trading Update and Notice of Results” announcement. Why don’t I think it is going to be good?!...

NMCN plc – further updates, how’s the liquidity position now?...

2020-12-23 14:54:39

Previously writing on UK engineering and construction company NMCN plc (NMCN), I’ve noted a far from planned CEO ‘step down’ and a trading warning following recent CFO resignation and what sounds like a rush for liquidity. Now further updates – and the shares currently slumping in response...

#NMCN – prior year accounting errors & “an extremely challenging year”, actions to strengthen senior management team “well underway”

2020-12-23 07:25:45

NMCN plc – to report additional losses, “limited impact on the group's cash position”?...

2020-10-15 14:08:56

Previously writing on UK engineering and construction company NMCN plc (NMCN), last month I noted an update attempted no-one watching o’clock? – with clearly a far from planned CEO ‘step down’ and a trading warning following recent CFO resignation and with the shares around 250p to avoid / sell. Now a further “Trading Update”...

NMCN plc – “Board Changes and Trading Update”, attempted no-one watching o’clock?

2020-09-25 14:27:00

A 4:30pm yesterday “Board Changes and Trading Update” announcement from UK engineering and construction company NMCN plc (NMCN). Attempted no-one watching o’clock? If so, it hasn’t worked – with the shares currently at around 250p (capitalising the company at circa £26 million), 24% lower today...