One thing I think folks are overlooking is that they hold 3.1m GBP in a combination of property, plant and equipment. So whilst there's debt (reducing) there are also assets too. Very much looking forward to the update. The sunny summer should have helped the roofing businesses.
They have a number of businesses in the group...Justin Profit.....ranging from Forklift truck sales and renting, to Solar Panels, house builds and refurbishment to safety training, as well as other businesses in the group, so NB is a diverse company without to many eggs in one basket....hope this is helpfull
Hi folks. Been in here and adding gradually for a couple of months. Simply looks cheap to me. Despite the recent rise, the business is capped sub £5m. As you say, debt being paid off at a decent rate and the business generates plenty of cash versus its turnover. My personal target is considersbly higher than those mentioned here - Based on a forward looking market and cash generation well over £1m per year. Seems reasonable to me. But no advice intended etc. I don't know the company or industry particularly well.
I think it's hard for comments to be made till after the interims have been released, that's when we will get a bigger picture on how NB has progressed over the past year,
The full year results showed a rise in profits, earnings a share up, and debt down from £7 million to £6.4 million, and that was with difficult trading conditions, so any trading improvements should ensure higher profits and lower debt.
As stated in one of my earlier post, there are only around 7 million shares in circulation (28/8) since then Mr Pither has purchased 234,000 and I would imagine Radmat and some of Northern Bears Directors have been topping also, so not many shares left for private investors,
which seems to be pushing up the share price.
The big question is. will Radmat make a bid, problem is with a rising share price it's going to cost them a lot more now,
The Interim results last year were released on the 30th Nov, so this years should be released soon, with the loss making businesses sold off, and I would imagine debt lower, then we could be up in the 40's by Christmas,
Over optimistic...I don't think so.....has to be a Buy and Hold
25p paid today. Tiny amounts of stock (26k in total) showing on Level 2 with mm's showing 3k or 5k on both the bid/ask, but only 3k at 25p on the ask - after that it's incremental increases of about 0.50p per 3/5000 shrs to 26.5p.
Hard to see this not ticking up to 30p, despite the complete absence of forecasts and broker tp's.
Int's are due end Nov/very early Dec and hopefully they will show some of the liveliness which is evident elsewhere in the building/construction game.
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