NCC Group Cancels Over 1 Million Shares in Latest Buyback Move
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NCC Group plc has repurchased 1,005,132 ordinary shares at an average price of 119.15 pence per share as part of its buyback program, intending to cancel these shares to enhance earnings per share for existing investors. Post-cancellation, the company will have 278,383,387 ordinary shares in issue. Spark's analysis rates NCC stock as Neutral, citing strong cash flow management but challenges in revenue and profitability, with a technical sentiment signal indicating a Sell. NCC Group specializes in cyber security and risk mitigation services.
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