Well that's interesting, "Radmat's" holding is now over 10%, (10.03% now) so could we see a take over soon......in my opinion any takeover offer would have to be in the region of 20p -25p,
last years operating profit was £1.47 million, so a fair price has to be around that area,
In the past 18 months Northern Bear has disposed of a couple of loss making companies, and cut admin cost, the one issue that has to be Addressed is the £6.7 million debt (down from £8 million) but with cost savings i don't feel that is a major problem.
The only real reason for the low price i can see is he may have been in a share option scheme, and the shares may have been allocated to him, had he had the shares why not sell them at the present price, very ineresting
izzy - the weak reception to their RNS was due to the low price paid for the former CE's shares....
"The board of directors (the "Board") of Northern Bear announces that it yesterday purchased 133,992 ordinary shares of one penny each in the Company ("Ordinary Shares") at a price of 11.5p per Ordinary Share from Graham Forrest, the Company's former Chief Executive (the "Share Purchase")."
Unless there was some extra special reason, it was a low price for what's not exactly a big sale.....about Â£15k
I was disappointed to see that price and hope there was "other reasons" for that, given that he was a former employee.
Just goes to show how fickle the market is, in my opinion the results were good, the company has rid it's self of the companies losing money, cut cost and are still profitable, no dilution, infact there are less shares in circulation now, and the share price drops. crazy
I'm beginning to wonder if the floods have anything to do with thw sudden rise, plus as already stated, the interims must be due in the next few weeks, with the lost making businesses long gone, it should be a nice set of figuress, which no doubt will give the shares a further boost,
...for a little as a 1x2600 shrs lot at 1610pm today. That's after all the 20k of 15.8p's were taken in one bite, followed by all the 22k of 16p's in various "small" lots.
None of that amounts to a whole lot of beer, but it does illustrate there's precious little cheap stock available and as it's taken off the table, so the sp ticks up, on small buying.
The free float is still there but it's going to take a much higher sp to unfreeze it for sale!
Here's a quirky way to look at a possible future NTBR share price - broker forecast t/o for 2014 is Â£40m and say mkt cap was roughly 20% of t/o, then the sp would be 45p. You can see why NTBR was around the Â£1 not that long ago.
What investors have to remember, there are only around 18 million shares in issue, in a company with £36 million turnover, they have got rid of the loss making companies, and increased profits, another good year and i can see the return of the dividend, so with that in mind, it has to be a solid "Buy" for me.
There is definitely a firm upward shift on no news here. The new website and headquarters do present a very professional image. The management is solid,with work experienced directors.
If they are able to up the anti,and keep the work flowing, it bodes well for future prospects.
Buying of NTBR has been particularly good today - vol 236k and some of this and that of prior days, isn't just PI's taking a few here and there. There have been 100k single buys, with 15p paid mid-morning today. 60k taken just before the bell today with last minute buying before the bell on previous days.
Someone must be accumulating here, either a fund or Radmat who declared a stake in Sept.
Either way, things are looking much rosier than in past times, even though the mkt cap isnot much more than small change for anyone wanting the whole show.
There was talk of applying for main contractor status, some moons ago.Dont quite know where they go from here. A bit of a wobble over solar panels, but seem to be on the path to a good recovery.
Maybe a major contract win with a bit of PR. Certainly debt down, profit up, cant be a bad thing.
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