Our opinion on the current state of NICTUS(NCS)Nictus (NCS) is a furniture and electrical appliance retailer with three stores in South Africa. It also sells short-term insurance through Corporate Guarantee.
In its financials for the year to 31st March 2024, the company reported revenue down 5.1% and headline earnings per share (HEPS) up 67.43%. The company said, "The debtors’ book continues to decline as customers prefer to pay immediately on a cash basis. Bad debts are well below the industry norm and are well managed and supported by our strong credit evaluation policy. Stock levels were consistent and remain within an acceptable range so as to be sufficient to satisfy customer demand and not be a financial drag."
The enduring problem with this company is that its shares are far too thinly traded to be practical for private investors.
