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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Northbridge Industrial Services Plc | LSE:NBI | London | Ordinary Share | GB00B0SPFW38 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 198.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 196.00 | 200.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 198.00 | GBX |
Northbridge Industrial S... (NBI) Share Charts1 Year Northbridge Industrial S... Chart |
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1 Month Northbridge Industrial S... Chart |
Intraday Northbridge Industrial S... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/6/2022 | 14:06 | AN OVERLOOKED OIL SERVICES COMPANY? | 2,550 |
| 26/4/2019 | 08:46 | Northbridge Industrial Services - A Future Star? | 142 |
| 19/12/2011 | 14:56 | Northbridge Industrial Services - Bolt-ons reinforce attractions | - |
| 27/10/2011 | 19:25 | Northbridge Industrial Services - Better than billed | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 15/6/2022 17:28 by brummy_git Super smart smallcap investor Simon Thompson of Investors Chronicle continues to rate Crestchic / Northbridge as a BUY with a 250p/share target price (up from 220p B4).www.investorschronic |
Posted at 09/6/2022 07:44 by edmonda Agreed - great job still being done by the management.After today's positive trading update and a confident outlook Equity Development increases EPS forecasts materially + fair value/share moves up to 249p vs last night’s close 193p. Read detailed new research note with audio summary here: |
Posted at 27/4/2022 09:12 by x54v Treeshake to source shares for the company buyback plan?MMs sold shares (by going short) to NBI at 198.62 then dropped the price quickly to get some sellers so they could buy back their short at a lower price perhaps. |
Posted at 22/4/2022 10:04 by owenski NBI @ 7.15 |
Posted at 18/4/2022 13:07 by gleach23 Yes, thanks for highlighting NC. It's been a few trading days since the tip and it's publicly available now so here it is in full."A key indicator of a company’s ability to create shareholder value is how its return on investment (ROI) compares with its cost of capital. The trick is to identify companies that are growing organically, and cover the blended cost of debt and equity to deliver an excess return. A good example is Northbridge Industrial Services (NBI:176p). Having sold off its non-core Tasman tools drilling operations, the group is focused on Burton upon Trent-based Crestchic, a fast-growing business that manufactures, sells and rents load banks and transformers to domestic and international customers for the commissioning, testing and maintenance of independent, off-grid power sources. The accelerating transition from fossil-based energy sources towards cleaner renewable energy (12 per cent of sales) is leading to a proliferation of smaller energy generators whose sites require commissioning and connection into distribution networks. This is driving higher demand for testing both the primary and backup generators to ensure the resilience of supply. Northbridge is a major beneficiary. The group is also expanding its geographic penetration and range of products and services supplied to the rapidly growing data centres market (30 per cent of sales). Crestchic’s rental revenue surged a third in 2021, and it plans to invest £4mn in its hire fleet this year. Crestchic buoyant demand drives upgrades Annual revenue up 20 per cent to £29.5mn Underlying pre-tax profit surges eightfold to £3.3mn (10 per cent beat) Analysts at Equity Development upgrade 2022 and 2023 EPS estimate by 12 and 11 per cent to 12.4p and 13.8p, up from 9.3p in 2021 Annual dividend of 1p a share expected to double in 2022 Cash from disposal of Tasman Drilling to be recycled into new hire rental fleet and factory expansion Such is demand for Crestchic’s load banks that the group started the year with a record order book of £8mn and is scaling up manufacturing capacity by 60 per cent. The 25,000 sq ft expansion of its Burton-on-Trent facility completes in June and means that current lead times of 22 weeks could be halved by the year-end. The benefit of longer than average lead times is that management can factor in higher input costs in the prices charged to customers in a tight market. The inflationary backdrop is working in the group’s favour, too, given that Crestchic has a £6mn hire fleet that cost £30mn (and is insured for £40mn). Disposals of hire fleet equipment is regularly at double book value, or more. So, with revenue from higher margin hire rentals surging to account for £15.5mn of annual revenue of £29.5mn, gross margin improved from 44.9 to 47.2 per cent which, on a relatively fixed cost base, resulted in underlying operating profit soaring from £1.8mn to £3.8mn. That equates to an 18 per cent ROI, well above Northbridge’s 12.5 per cent cost of capital. It doesn’t take a genius to work out the returns to be made by recycling £4.5mn disposal proceeds from Tasman into additional hire fleet capacity and the £2.2mn manufacturing facility expansion. During our results call, chairman Peter Harris also highlighted the group’s expansion plans. For instance, Crestchic has signed a lease on a new rental depot in Texas and has a supply agreement in place with a US manufacturer, Mosebach, for the purchase of a fleet of smaller load banks targeted specifically at data centre testing. Importantly, demand for the sale of equipment into the USA remains robust, thus offering additional growth opportunities as manufacturing supply constraints from the UK ease with the factory expansion. The shares are up 40 per cent since I initiated coverage ('Alpha Report: A high-growth play on the battery storage boom’, 7 September 2021), and have outperformed the FTSE Aim All-Share index by 18 per cent since my last article (‘High-growth play on decarbonisation, battery storage and data centres’, 1 0ctober 2021). I expect the outperformance to continue, so much so that I am lifting my target from 200p to 220p which equates to a 2023 price/earnings (PE) ratio of 16. Buy." |
Posted at 07/4/2022 13:09 by napoleon 14th Soon to be Crestchic, NBI results in 60 days per Sharepad.The 24.19p hoped for in 2010 would be useful in 2022!... |
Posted at 20/2/2022 13:53 by brummy_git Worked fine for me. Here's another URLwww.linkedin.com/pos |
Posted at 20/2/2022 12:50 by brummy_git Following Friday's positive trading update, I've raised my valuation for Northbridge Industrial to 244p/share vs 175p todayFind out all the news, commentary & numbers here. www.linkedin.com/pos |
Posted at 13/1/2022 07:40 by brummy_git Encouraging update today from Northbridge Industrial wrt its current trading & disposal of Tasman.All the news & commentary here. www.linkedin.com/pos |
Posted at 03/10/2021 21:32 by gleach23 Simon Thompson's IC write up on Friday is in the public domain so copied here for info -Analysts have pushed through their third earnings upgrade for Northbridge Industrial Services (NBI:171p) after the industrial services and rental group more than quadrupled first-half operating profit to £1.6m on 22 per cent higher revenue of £19.5m. The key driver has been Burton upon Trent-based Crestchic, a company that manufactures, sells and rents load banks and transformers to domestic and international customers. Products are primarily used for the commissioning, testing and maintenance of independent, off-grid power sources and, increasingly, for grid stabilisation, as ageing national infrastructures face the twin challenges of integrating renewable energy generation and the environmental issues posed by global warming. Specifically, Crestchic’s products assure reliability for generators and distributors of power, for industries critically dependent on back-up power to ensure business continuity in the event of a failure of their primary power supply. The business is benefiting from growth in two key sectors: renewable energy and data centres. The transition from coal and oil-based energy sources towards cleaner and renewable energy is leading to a proliferation of smaller energy generators whose sites require commissioning and which have unique challenges for connection into established distribution networks. In turn, this is creating a greater need for testing that is driving the demand for Crestchic’s products, both for outright sale and for rental. Its load banks are on par with the most advanced and resilient systems available in the western economies for this purpose. Moreover, battery storage farms are playing a greater role to ensure the flexible operation of power systems and are becoming increasingly integrated into the UK grid network. Crestchic offers high-voltage load tests at the grid/sub-station connection point to energy storage farms. The ongoing worldwide growth in hyper-scale data centres is also driving significant demand for Crestchic solutions as the digital economy takes an ever-increasing share of global GDP. Global internet traffic doubled between 2016 and 2019, and is on course to double again by 2022, thus driving investment in new data centres and the infrastructure that supports their electricity needs and power reliability. These factors, and a greater proportion of higher-margin rental revenue in the mix, explains why Crestchic’s operating profit almost trebled to £1.9m on 43 per cent higher sales of £15.8m in the first half. Buoyed by a robust order book, analysts at Equity Development expect the division to post full-year operating profit of £5.5m (10 per cent upgrade) on revenue of £29.6m which feeds through to a 24 per cent upgrade in group earnings per share (EPS) to 8.7p. Furthermore, Northbridge's Tasman drilling tool rental business is in the process of being divested, which should wipe out net debt of £4.5m and leave the group as a pure play on a high-growth business that analysts at Panmure Gordon expect to produce free cash flow of £6.2m in 2022. This is based on full-year pre-tax profit rising by a third to £4m to deliver EPS of 10.4p (15 per cent upgrade) in 2022. Equity Development has almost identical forecasts and expects the board to reinstate the dividend by declaring a 2022 payout of 1.5p a share. On this basis, the shares are rated on a forward price/earnings (PE) ratio of 16.5. Northbridge’s progress has not been lost on investors as the share price has rallied 37 per cent since I highlighted the opportunity only three weeks ago ('Alpha Report: A high-growth play on the battery storage boom’, 7 September 2021). Given the scale of the upgrades, I am raising my target from 180p to 200p. Buy. |
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