leadf
logo-loader
viewNorcros PLC

Norcros PLC - Smartest player in the smallest room

Norcros PLC (LON:NXR) is a market leader in supplying innovative branded showers, taps, bathroom accessories, tiles, and adhesives. The company operates a multi-brand strategy, with operations primarily in the UK and South Africa.

Executive summary

We note that the company has an IAS-19 pension deficit of £52.1m (Sep 2017 valuation), which may be an issue for some investors. However, whilst the IAS accounting valuation has been very volatile recently, driven by UK interest rates, the cash contribution remains steady at £2.5m + CPI. We believe that the cash cost is the relevant way to view this, and it does not undermine the valuation case.

Quick facts: Norcros PLC

Price: 153 GBX

LSE:NXR
Market: LSE
Market Cap: £123.27 m
Follow

What's in the report?

Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

LEGAL NOTICE – IMPORTANT – PLEASE READ:

Proactive Research is a trading name of Proactive Investors Limited which is regulated and authorised by the Financial Conduct Authority (FCA) under firm registration...

FOR OUR FULL DISCLAIMER CLICK HERE

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

Davide Bosio previews hotly anticipated IPOs for Miramar Resources and Zebit

Davide Bosio from Shaw and Partners says it's been a terrific start to the listing process for Miramar Resources, a junior West Australia exploration company. ''We opened up the offer and closed literally on the same day raising $8mln''. Bosio adds that Zebit is still on track to list on the ASX...

3 days, 1 hour ago

3 min read