(NAR.L) Northamber PLC Buy/Sell

RNS Number : 3279I Northamber PLC 09 March 2010

Northamber plc (the " Company")

Purchase of Own Shares

On 9 March 2010 Northamber plc bought 10,000 ordinary shares for cancellation at 50 pence per share, representing 0.03% per cent. of the Company's current issued ordinary share capital.

Following the cancellation of these shares, the Company has 28,978,100 ordinary shares in issue.

The above figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the company, under the Disclosure and Transparency Rules.

9 March 2010

For further information, contact:

Northamber Plc
David Phillips Tel: 020 8296 7000

Charles Stanley Securities
Russell Cook / Jen Boorer Tel: 0207 149 6000

This information is provided by RNS The company news service from the London Stock Exchange

POSEAKDNESPEEFF

RNS Number : 7945H Northamber PLC 26 February 2010

Northamber plc (the " Company")

Purchase of Own Shares

On 26 February 2010 Northamber plc bought 10,000 ordinary shares for cancellation at 49 pence per share, representing 0.03% per cent. of the Company's current issued ordinary share capital.

Following the cancellation of these shares, the Company has 28,988,100 ordinary shares in issue.

The above figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the company, under the Disclosure and Transparency Rules.

26 February 2010

For further information, contact:

Northamber Plc
David Phillips Tel: 020 8296 7000

Charles Stanley Securities
Russell Cook / Jen Boorer Tel: 0207 149 6000

This information is provided by RNS The company news service from the London Stock Exchange

POSEAKAKASPEEFF

RNS Number : 3671H Northamber PLC 19 February 2010

Northamber plc (the " Company")

Purchase of Own Shares

On 18 February 2010 Northamber plc bought 10,000 ordinary shares for cancellation at 44 pence per share, representing 0.03% per cent. of the Company's current issued ordinary share capital.

Following the cancellation of these shares, the Company has 28,998,100 ordinary shares in issue.

The above figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the company, under the Disclosure and Transparency Rules.

19 February 2010

For further information, contact:

Northamber Plc
David Phillips Tel: 020 8296 7000

Charles Stanley Securities
Russell Cook / Jen Boorer Tel: 0207 149 6000

This information is provided by RNS The company news service from the London Stock Exchange

POSEAKAPFEDEEFF

RNS Number : 3163H Northamber PLC 18 February 2010

Northamber plc ("the Company") Unaudited Interim Statement

for the six months ended 31 December 2009

CHAIRMAN'S STATEMENT

Results

Shareholders will be aware the commercial environment continues to be challenging. Sales for the period at £63.8 million were 6 per cent lower than the £68.1 million to 31 December 2008.

The previously reported factors affecting our business include a dependence on customers who are subject to the vagaries of largely discretionary corporate expenditure. That uncertainty within the corporate sector has not yet shown signs of becoming more settled.

Gross profit was down 5 per cent to £4.45 million compared with £4.68 million previously.

To combat the harsh trading environment, we have both reviewed our vendor portfolio and also made further reductions in overheads, to maintain a reasonable balance between operating revenue and costs.

The notes of caution expressed in my previous reports not being unfounded, these results for the six months to the end of December 2009, are, I believe, commendable.

We continue our conservative management of working capital and particularly of cash flow and balances. However, with returns on cash at an all time low, our investment revenue was only £42,000 compared with £283,000 in the comparative period.

There is a provisional tax charge for this interim period of £15,000. This is due to the effect of depreciation charges compared with capital allowances available under the rules for calculating tax liability.

The result is a pre-tax loss for the period of £41,000. This result following the significant reduction in the value of the investment income contribution is a noteworthy improvement on the same period last year when the pre tax loss was £304,000.

This has resulted in a much improved loss per share for the period of 0.19p compared with the loss per share for the comparative period last year being 0.83p.

Balance Sheet

Our balance sheet remains void of any intangibles and we continue to be both debt free and maintain strong cash balances.

At the end of December 2009 the cash balance was £13.48m compared with £10.56m at the end of December 2008.

Dividend

In view of all the circumstances, your board has decided to pay an unchanged interim dividend of 0.6p per share (2008 0.6p per share). The interim dividend will be paid on 31 March 2010 to those shareholders on the register at 5 March 2010.

Outlook

Whilst not wishing to be pessimistic, we see little evidence to the contrary. We will continue to carefully monitor our performance on a daily basis. We believe our continued strategy of managing cost best matches the current uncertainties.

D.M. Phillips

Chairman

18 February 2010

ENQUIRIES

Northamber Plc

David Phillips Tel: 020 8296 7000

Charles Stanley Securities

Russell Cook Tel: 020 7149 6000

Consolidated statement of comprehensive income

Notes 6 months 6 months Year
ended ended ended
31.12.09 31.12.08 30.06.09
£'000 £'000 £'000
Unaudited Unaudited Audited
Revenue 63,801 68,063 139,275
Cost of sales 59,354 63,386 129,853
Gross Profit 4,447 4,677 9,422
Distribution cost 2,366 2,649 4,919
Administrative expenses 2,164 2,615 4,823
Loss from operations (83) (587) (320)
Investment revenue 42 283 367
Finance costs 0 0
(Loss)/profit before tax (41) (304) 47
Tax (charge)/credit (15) 61 5

Total comprehensive income for the period attributable to
equity holders of the parent (56) (243) 52

Basic and diluted (loss)/earnings
per ordinary share (0.19)p (0.83)p 0.18p

Consolidated statement of financial position

As at 31 December 2009

Notes As at As at As at
31.12.09 31.12.08 30.06.09
£'000 £'000 £'000
Unaudited Unaudited Audited

Non current assets
Property, plant and equipment 4 2,823 3,101 2,968

Current assets
Inventories 10,942 11,488 7,173
Trade and other receivables 15,569 18,680 20,112
Cash and cash equivalents 13,482 10,556 14,124
39,993 40,724 41,409
Total assets 42,816 43,825 44,377

Current liabilities
Trade and other payables 16,938 17,719 18,385
Bank overdraft 0 0 0
Current taxation (10) (62) 40
Provisions 0 0 0
16,928 17,657 18,425

Non current liabilities
Deferred tax liabilities 2 48 2
Total liabilities 16,930 17,705 18,427
Net assets 25,886 26,120 25,950

Equity
Share capital 290 290 290
Share premium account 5,734 5,734 5,734
Capital redemption reserve fund 1,497 1,497 1,497
Retained earnings 18,365 18,599 18,429
Total Equity attributable to equity 25,886 26,120 25,950

holders of the parent

Consolidated statement of changes in equity

As at 31 December 2009

Share capital Share premium Capital redemption Retained earnings Total Equity
account reserve
Period to 31 December 2009 £'000 £'000 £'000 £'000 £'000

Unaudited
Balance at 30 June 2009 290 5,734 1,497 18,429 25,950
Dividends 0 0
Purchase of own shares (8) (8)
Transaction costs of purchase 0 0
Transactions with owners 0 0 0 (8) (8)

Comprehensive income
for the period (56) (56)
Balance at 31 December 2009 290 5,734 1,497 18,365 25,886

Period to 31 December 2008 Unaudited
Balance at 30 June 2008 294 5,734 1,492 18,957 26,477
Dividends 0
Purchase of own shares (4) 4 (113) (113)
Transaction costs of purchase (1) (1)
Transactions with owners (4) 0 4 (114) (114)

Comprehensive income
for the period (243) (243)
Balance at 31 December 2008 290 5,734 1,496 18,600 26,120

Year to 30 June 2009 Audited
Balance at 30 June 2008 294 5,734 1,493 18,956 26,477
Dividends (465) (465)
Purchase of own shares (4) 4 (113) (113)
Transaction costs of purchase (1) (1)
Transactions with owners (4) 0 4 (579) (579)

Comprehensive income
for the period 52 52
Balance at 30 June 2009 290 5,734 1,497 18,429 25,950

Consolidated statement of cash flows

6 months to 31 December 2009

6 months 6 months Year
ended ended ended
31.12.09 31.12.08 30.06.09
£'000 £'000 £'000

Operating activities Operating profit from
continuing operations (83) (587) (320)

Depreciation of property, plant
and equipment 149 195 369

(Profit)/loss on disposal of property,
plant and equipment (2) (8) (6)

Operating profit before changes in
working capital 64 (400) 43
(Increase)/decrease in inventories (3,769) (1,354) 2,961

Decrease/(increase) in trade and
other receivables 4,543 4,298 2,866

(Decrease)/increase in trade and
other payables (1,447) (5,233) (4,567)
Cash generated/(utilised) from operations (609) (2,689) 1,303
Interest paid 0 0 0
Income taxes paid (67) (210) (211)
Net cash from operating activities (676) (2,899) 1,092

Cash flows from investing activities
Interest received 42 271 355

Proceeds from disposal of property,
plant and equipment 12 18 18

Purchase of property, plant and
equipment (12) (40) (82)
Income from investments 0 12 12
Net cash from investing activities 42 261 303

Cash flows from financing activities
Purchase of own shares for cancellation (8) (114) (114)
Dividends paid to equity shareholders 0 0 (465)
Net cash used in financing activities (8) (114) (579)

Net (decrease)/increase in cash and
cash equivalents (642) (2,752) 816

Cash and cash equivalents at
beginning of period 14,124 13,308 13,308

Cash and cash equivalents at
end of period 13,482 10,556 14,124

Cash and cash equivalents for the purpose of this statement comprise
Cash and cash equivalents 13,482 10,556 14,124
Bank overdrafts 0 0 0
13,482 10,556 14,124

Notes to the accounts

1. Corporate Information

The financial information for the year ended 30 June 2009 set out in this interim report does not constitute statutory accounts as defined in Section 434 of the Companies Act 2006. The group's statutory financial statements for the year ended 30 June 2009 have been filed with the Registrar of Companies. The auditor's report on those financial statements was unqualified and did not contain statements under Sections 489(2) and 489(3) of the Companies Act 2006. The interim results are unaudited. Northamber Plc is a public limited company incorporated and domiciled in England and Wales. The company's shares are publicly traded on the London Stock Exchange.

2. Basis of preparation

These interim consolidated financial statements are for the six months ended 31 December 2009. They have been prepared in accordance with IAS34 Interim Financial Reporting. They do not include all the information required for full annual financial statements, and should be read in conjunction with the consolidated financial statements of the group for the year ended 30 June 2009.

These interim consolidated financial statements have been prepared under the historical cost convention.

These interim consolidated financial statements (the interim financial statements) have been prepared in accordance with accounting policies adopted in the last annual financial statements for the year to 30 June 2009 except for the adoption of IAS1 Presentation of Financial Statements (Revised 2007). The group has only one reportable segment therefore no statement of segmental reporting is shown in these interim financial statements.

The adoption of IAS1 (Revised 2007) does not affect the financial position or profits of the group, but gives rise to additional disclosures. The measurement and recognition of the group's assets, liabilities, income and expenses is unchanged. A separate 'Statement of changes in equity' is now presented.

The accounting policies have been applied consistently throughout the group for the purposes of preparation of these interim consolidated financial statements.

3. Basis of Consolidation

For the periods covered in these interim consolidated financial statements up to 31 October 2008, the group comprised the parent company and one operating subsidiary. As from 31 October 2008 that one operating subsidiary ceased operations so that since that date all trading has been carried on solely by the parent company.

All the assets and liabilities of all subsidiaries both trading and dormant have been included in the statements of financial position.

4. Taxation

The tax charge shown in the interim consolidated financial statements is accrued on an estimated average annual effective rate of tax of 28% (6 months to December 2008 20.0%)

5. Earnings per Share

The calculation of earnings per share is based on the loss after tax for the six months to 31 December 2009 of £56,000 (2008: loss £243,000) and a weighted average of 29,030,247 (2008: 29,307,013) ordinary shares in issue.

6. Property, Plant and Equipment

There were no significant additions to or disposals of property, plant or equipment in the period to 31 December 2009. The reduction in the total value of property, plant and equipment was primarily due to the depreciation charge for the year.

7. Risks and Uncertainties

The principal risks and uncertainties affecting the business activities of the group are detailed in the director's report which can be found on pages 7, 8 and 18 of the Annual Report and Accounts for the year ended 30 June 2009 (the Annual Report). A copy of the Annual Report is available on the company's web site at www.northamber.com

The risks affecting the business remain the same as in the Annual Report. In summary these include:-

Marketing risk, particularly those relating to the suppliers of products to the group.

Financial risks, including exchange rate risk, liquidity risk, interest rate risk and credit risk.

This information is provided by RNS The company news service from the London Stock Exchange

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