0R15 8540.2617 2.2296% 0R1E 8262.0176 -1.9229% 0M69 17217.5293 36.7556% 0R2V 181.94 0.1872% 0QYR 1423.1256 0.3538% 0QYP 402.3999 -0.7645% 0LCV 126.7 -1.0156% 0RUK 2959.3132 1.277% 0RYA 1718.0 -0.0582% 0RIH 142.0 0.3534% 0RIH 140.48 -1.0704% 0R1O 167.0 9767.0606% 0R1O None None% 0QFP 9785.8682 94.1641% 0M2Z 268.7914 -0.0683% 0VSO 22.315 -37.3262% 0R1I None None% 0QZI 477.0 0.5269% 0QZ0 220.0 0.0% 0NZF 818.1412 64.1535%

Technology Report

NCC Group PLC

Mar 17, 2023

NCC
Investment Type
Small-Cap
Risk Level
Action
Rec. Price ()

This report is an updated version of the report published on 17 March 2023 at 07:35 AM GMT.

Section 1: Company Overview and Fundamental Insights

1.1 Company Overview:

NCC Group PLC (LSE: NCC) is an FTSE 250 Index listed leading independent global cyber security and resilience adviser that serves over 1,500 clients worldwide. The Company has a significant market presence in North America, continental Europe, and the UK.

1.2 The Key Positives, Negatives, Highlights and Risks

1.3 Top 10 Shareholders:

The top 10 shareholders collectively form ~42.49% of the total shareholdings. Montanaro Asset Management Limited holds the maximum number of shares with ~5.30% shareholding, followed by Sanford DeLand Asset Management Limited with ~4.98% shareholding, as depicted in the chart below: 

1.4 Key Metrics:

Section 2:  Business Updates and Financial Highlights

2.1 Recent Business Updates

2.2 H1 FY23 Financial Highlights (for the 6 months ended 30 November 2022, as of 02 February 2023)

Section 3:  Key Risks and Outlook

Section 4: Stock Recommendation Summary

4.1 Price Performance and Technical Summary:

The stock has witnessed a decline of ~4.27% in the last one month and over the last 6 months, it has decreased by ~30.13%. The stock has a 52-week low and 52-week high of GBX 146.80 & GBX 245.00, respectively and is currently trading lower than the average of 52-week high-low.

4.2 Fundamental Valuation

Valuation Methodology: Price/Earnings Approach

Please note markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 16 March 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5:  Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 6: Dividend Yield may vary as per the stock price movement.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.


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