We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Northern Bear Plc | LSE:NTBR | London | Ordinary Share | GB00B19FLM15 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 59.00 | 0.00 | 07:38:41 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 56.00 | 62.00 | 59.00 | 59.00 | 59.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Roof,siding,sheet Metal Work | 69.72M | 1.59M | 0.0850 | 6.94 | 11.05M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 59.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 05/4/2024 | 12:26 | UK RNS | Northern Bear Plc Holding(s) in Company |
| 22/3/2024 | 08:30 | UK RNS | Northern Bear Plc Presentation on Company Website |
| 07/3/2024 | 14:16 | UK RNS | Northern Bear Plc Exercise of Options |
| 18/1/2024 | 20:32 | ALNC |  EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted |
| 18/1/2024 | 07:45 | UKREG | Northern Bear Plc Board Changes |
| 13/12/2023 | 07:00 | UKREG | Northern Bear Plc Holding(s) in Company |
| 13/12/2023 | 07:00 | UKREG | Northern Bear Plc Holding(s) in Company |
| 05/12/2023 | 07:00 | UKREG | Northern Bear Plc Tender Offer - Update |
| 29/11/2023 | 14:30 | ALNC | EARNINGS AND TRADING: Northern Bear boosts profit, Esken loss widens |
| 29/11/2023 | 07:01 | UKREG | Northern Bear Plc Interim Results |
Northern Bear (NTBR) Share Charts1 Year Northern Bear Chart |
|
1 Month Northern Bear Chart |
Intraday Northern Bear Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/4/2024 | 15:16 | Northern Bear | 477 |
| 14/12/2023 | 10:18 | Northern Bear | 1,548 |
| 16/7/2019 | 15:15 | Northern Bear (NTBR) One to Watch on Monday | 1 |
| 01/2/2016 | 07:13 | Northern Bear - with Charts | 16 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-24 16:15:00 | 59.97 | 50,000 | 29,985.00 | O |
| Top Posts |
|---|
Posted at 25/4/2024 09:20 by Northern Bear Daily Update Northern Bear Plc is listed in the Roof,siding,sheet Metal Work sector of the London Stock Exchange with ticker NTBR. The last closing price for Northern Bear was 59p.Northern Bear currently has 18,725,276 shares in issue. The market capitalisation of Northern Bear is £11,047,913. Northern Bear has a price to earnings ratio (PE ratio) of 6.94. This morning NTBR shares opened at 59p |
Posted at 05/4/2024 14:21 by rmillaree Would you buy shares here knowing there is such a large seller active?that depends - i 100% agree with your logic that its sensible reason not to buy if there is a seller in then market normally. However if i didnt hold and was looking to add - then if i valued the company at say closer to 90p and part of the reason its down at 60p could be due to this seller then i wouldnt necessarily be put off buying. Note one may also take the attitide if he is the man in the know and he is selling then thats enough to tell us everything we need to know ! - in that regard though if he makes his crust elsewhere it seems like his reasons for cashing his chips in are sensibleand out in the open - i havent seen anything to make me think they are pimping up prospects so he can exit? - that would normally be a worry in situations like this. For us long term holders in no hurry to do anything i actually care more about them simply delivering £2 millish plus pa clean earnings - if they do that at some stage the promised land of 70p plus shareprice should return imho , that could happen whilst Jeff is still selling perhaps. In that regard short term meanderings/depresse is valuation of 6 * 14.5peps = too much to hope for ? - based on history most of the time probbaly yes unfortunately as most of the comments on here only ever seem to knock what mangement do ! |
Posted at 05/4/2024 13:57 by aimwinner rmillareePost 463 on here I found JB (former NTBR chairman) on LinkedIn and spoke to him. He's in "no rush to sell" his remaining shares which are now a "small part" of his portfolio and he is "happy to hold them". According to Hybridan, the stock is trading at 4x next year's earnings. Would you buy shares here knowing there is such a large seller active? Looking at the trades this week 60p seems to be price they changed hands at. |
Posted at 05/4/2024 13:32 by rmillaree Aimwinner"So much for him being a long-term patient holder then!" You have lost me - i have taken the viewpoint that Jeff wants to exit the building - imho that was made pretty clear in the tender offer last october - so imho this isnt a surprise. per company last October As part of this strategic review, the Board explored potential exit options for all Shareholders, including Jeff Baryshnik, as the Company's largest shareholder. Aimwinner "Seems no reason to buy at the moment." I would certainly agree that if Jeff is offloading his shares on ongoing basis - or there is the hint he would offload on spike up - then i would say that would explain why the shareprice can perhaps be expected to go nowhere "all other things being equal" I was actually slightly surprised price didnt drift back down earlier as imho it was reasonably clear Jeff wanting to exit and the one off tender offer were slightly at odds if Jeff needs/wants to sell the rest sooner rather than later. ref "all other things being equal" On a more positive note looking at the underlying financials i currently have pencilled in 14.5p normalised eps expectations for 2025 - so i wouldnt say "all other things are equal". the trend in the companies EPS is upward (ok that might be related to tender offer) and we are NOW into the 2025 year - so thats now current years earnings where as previously it was next years earnings. Will be interesting to see if and when the pencil in some figures for next year (ye 31/3/2026 - 2026 year !). Note if the company is doing nothing other than churning out £2 mill pa in "clean" profits - there is decent hope to presume that that alone may result in upward trending shareprice - imho this is depsite the fcat the next 18 months cashflow may be exiting the building siompky to pay for that tender offer - one cant deny if we own decent chunk more of company and balance shet is back where it was in under 24 months thats not a terrible result. So lets not ignore £2mill ish (plus hopefully) pa of good clean profit should be good news at 60p sharepirce ? |
Posted at 05/4/2024 12:45 by aimwinner ZangSo much for him being a long-term patient holder then! That explains the volumes but at this rate it will take him forever and where will the price end up. Seems no reason to buy at the moment. |
Posted at 13/12/2023 07:32 by this_is_me The next question is what will JB do with the rest of his shares. Will he try to sell them or keep them. I suspect that he will not want to sell them below the tender offer price. However his holding could put a lid on the share price in the short term at least. |
Posted at 08/12/2023 10:53 by this_is_me The share price is staying up well after the tender offer. It will definitely have cleared out a lot of weak holders. |
Posted at 29/11/2023 08:51 by sbs Interesting task to decide formula.I think they have to give everyone at least 35.6%, but they put in a comment about not leaving uneconomic small shareholding, which gives some flexibility. Figures are: 5,000,000 to be cancelled 7,831,399 tendered 4,736,717 tendered by JB 3,094,682 not tendered by JB Average cancellation: 63.85% - would leave JB 1,712,533. If everyone else gets their 35.6%, and the rest to JB, this would leave 785k for him - still a sizeable overhang, with 21.4k/day monthly average trades. Alternatively, give all the PIs 100%, leaving JB 2.8m (still better for him than 35.6% reduction). He can then sell on the market at a lower price (notionally in compensation for all the trouble he caused) and the now cash rich PIs and long term shareholders can pick up the overhang at a good price, with press coverage on NTBR's success and low price bringing in new investors to pick up all the overhang. |
Posted at 18/8/2023 09:39 by this_is_me Thankfully there was no takeover bid when the share price was 37p in April. Now that the share price is 65% higher is is much less likely. |
Posted at 17/7/2023 15:26 by patsc100 Update on #NTBR - Northern Bear from my side.Disclosure: I own shares I have been closely monitoring the activities of NTBR for a significant period, and it appears that Jeff is implementing the necessary measures to drive positive changes within the organization. I am of the opinion that his efforts will yield further improvements, and I do not anticipate him to acquire the business. This likely explains why he is maintaining ownership below the 30% threshold. While I agree with some shareholders that shareholder communication could be improved, I am confident that we will witness further improvements in the medium term. The research report on NTBR was an initial positive step in effectively communicating the undervaluation to the market. Presently, the valuation of this business is significantly underestimated, with a trading multiple of 5x profit and no debt, coupled with an additional 1.5x profit (equating to 3.2 million) in cash. In the interest of maintaining a margin of safety, I assume that all the cash will be required to fund working capital requirements. There remain untapped opportunities to enhance shareholder value, and I would like to propose a value creation plan going forward. One of the most crucial sections of the annual report is the "Strategy & Dividend" segment, wherein the board communicates its intention to deploy capital for organic growth (although the specifics are unclear) and acquisitions, while also returning a portion of capital via dividends. An issue we continue to encounter pertains to capital allocation. A1, due to its high capital intensity and lack of alignment with the construction-related group, is deemed a subpar business. Over the past 12 months, NTBR has invested 1.4 million pounds in capital expenditures. In the A1 companies house report, I see capital expenditures of 1.47m. Having analyzed similar construction-related enterprises, I believe that approximately >200,000 pounds would be the maximum amount required to fund the capex requirment of the construction businesses. In my view, NTBR should take the following steps: a) Dispose of the A1 forklift rental business, either through liquidation and asset sale or by finding an interested acquirer. This would decrease the company's capital intensity, mitigate risk, and enhance overall quality. Some napkin math - be cautious this is definitely wrong and misses the depreciation expenses and tax shield: It will reduce the operating profit by 240K, but also free up ca. ca 800k in cash-flow - after removing cash-inflow of 700k. b) Considering the current valuation, the optimal capital allocation approach would involve share buybacks. Unfortunately, Jeff cannot exceed the 30% ownership threshold, as doing so would necessitate a bid for the entire company. Nevertheless, NTBR could employ the proceeds to repurchase 15% of its shares without Jeff surpassing the 30% mark. Implementing a Dutch tender offer would be highly advantageous. This represents the most effective use of capital at this time, superior to dividends or reinvestments in the A1 business unit. While this would reduce the free float, it would actually enhance liquidity as legacy shareholders would have the opportunity to divest their shares, likely at a slight premium. c) The second-best option, following the repurchase of 15% of shares, would involve utilizing the capital to acquire complementary businesses and pursue a roll-up strategy. Multiples for roofing businesses and other construction-related enterprises typically range from 4-5x EBITDA, translating to returns of 15%-20% on invested capital. Given NTBR's current size, a more conservative approach would be advisable, targeting acquisitions at 3-4x EBITDA to maintain high returns. NTBR generated 2.1 million in the last twelve months. If they could reinvest that capital at a 20% rate, we would witness an earnings increase of 400,000 within a year. Although this would preclude receiving a dividend, it would be acceptable, as I am unable to reinvest my capital at such high rates. Consequently, we would possess ownership in a business trading at 5x earnings, experiencing earnings growth of 20% or more. d) further, I would like to see divestments of the non speciality construction businesses - Arcas. This is a low margin business mitigating some high construction related project risks. I am following this business further, but so far satisfied with the development. It's slow but it is progressing. It's a low % of my portfolio as of now, but I might add a few shares. |
Posted at 12/7/2023 13:28 by george1964 Below are excerpts of the report from Hybridan, titled Ready to shine: attractive valuation, high dividend yield and predictable profitability.Our DCF model based on a WACC of 13.31% and a 3% terminal growth rate yields a valuation of 99.1p, an upside of 100%. We believe Northern Bear’s business performance and dividend payouts, coupled with better capital market visibility over time, will gradually drive up its share price. Northern Bear is currently trading at 0.15x EV/sales, 2.58x EV/EBITDA adjusted and 6.26x P/E multiple based on our FY23 forecasts and the closing share price on 10 July 2023. Notably, even at our DCF valuation of 99.1p, which is approximately double today’s share price, Northern Bear still would be trading at a discount to the most relevant comparable companies. [Comparable companies cited in the report include Sureserve (SUR) at 7.2x EBITDA and 14.1x P/E; Water Intelligence (WATR) at 6.6x EBITDA and 15.6x P/E; and HomeServe acquisition recently completed at 17.7x EBITDA. Private equity is active in the specialist building services industry at c.13.9x EBITDA, citing the Lincoln facilities services index.] |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
