Analyst Research Report Snapshot

Title:

Peel Hunt: NCC Group (Buy) - Interim results

Price:

$35.00

Provider:

Peel Hunt

Date:

16 Jan 2014

Pages:

4

Type:

AcrobatPDF

Companies referenced:

NCCG.L

Available for Immediate Download
Summary:

NCC Group (Buy) Interim results NCC Group has delivered a solid start to the year, with a strong performance from both divisions. Escrow growth has picked up to 7% (FY13: 2%) and Assurance Testing grew 15% organically; both divisions maintained strong margins. Artemis remains on time and on budget and the company has announced that it expects to launch the service commercially in Q1 of FY14/15. Specifically, the company expects revenues from its lead customers on launch and has announced, significantly that it is acquiring another suitable domain name ahead of settling the .secure contention (due by Sep 14). The launch of the service should drive positive newsflow through the rest of the year. In our view Artemis remains something of a free option for NCC shareholders. Alexandra.Jarvis@peelhunt.com

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