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Results: NMCN

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

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

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

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?!...

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