so the recent share price slide was a worry,
but the trading update today is fantastic news.
profit growht is on track and they have been able to absorb the bad weather in January.
to me this in effect menas that if they get lucky with weather next year it coudl add a furtehr one twelvth to profits.
They will already increase profits with a full year contribution from the acquisition last year, CASH flow is still strong and they have confirmed no impact from CLLN.
i think the P/E is c.8 here with great CASH flow and dividend.
although a small cap i think this is very much under the radar.....
I dont like during trading hours TU and was nervous when got the alert after the recent share price falls.
It has suddenly gone from a worrying hold to a buy!!
EPS will be 12p+ next year with net CASH and its not surprise that they have bedded in the acquisition well , given that they knew the company for so many years. They appear to be in a sweet spot for renovation wrok at the moment and profit growth to show it.
CASH flow is great and no shares issued for years I think we can expect another increased divi.
Ive just been looking at FIF and in comparison at all levels NTBR looks much more atracive
Higher divi yield
Better CASH flow
Net CASH not debt
Acquisitions and growing , not closing businesses
Modestly paid directors
Upward trending chart as buyers find out about company
Of course there are risks with the industry but think renovation is slightly protected given the average age of UK, and in particular Northern, housing stock.
NTBR made a very favourable acquisition ....
a long standing business, bgt at a very reasonable multiple, which is self financing and NTBR can introduce some gearing to increase EPS returns.
NTBR has waited 10 years to find a decent acquisiton so i think that means they see this as a good addition to the fold.
I expect now that broker fcsts will be updtaed to include this acquisition and i expect EPS towards 14p+ for the year to mar 19
In my opinion these shares are still too cheap. OK the balance sheet isn't great but it isn't a disaster either and they may not be operting in a sexy sector but they are making good profits, pay a dividend and are acquisitive.
Excellent set of results, and a return of the dividend, which has to be a bonus, and with debt lower, interest will be lower, so increasing profits in the future, add to that no real share dilution
(shares in issue still under 18 million),
Maybe in a couple of years debt will be erased, so enhanced profits and dividends are almost certain.
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
At the ask it's a mere 3k @ 20p, 5k @ 29.5p and 13k @ 30p. The latter is from 3mm's and the for the former two there is just one mm on each. Hardly enough to feed the masses if the forthcoming int's make for good reading.
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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