Norman Broadbent Share Discussion Threads

[qs99] 04/4/2024 06:26

Agreed, once 3% gone, the forced seller cleared, it can be driven by newsflow, hopefully positive! DYOR

[gleach23] 03/4/2024 22:07

Downing now down to just over 3%...pretty good going since they were at 14% on 22 Jan.

They will soon be cleared out and hopefully that'll allow for a run up to 15p over the summer.

We should have a H1 update in July and maybe even a Q1 update this month.

[twodegrees] 28/3/2024 17:17

QS99, it's good to see steady buying. I have been here for many years and this steady buying and share price rising is at last a most very welcome sight. Easter wishes.

[qs99] 28/3/2024 09:10

Good to see some buys coming in as NBB gets noticed IMO....

tried a dummy sale for only £5k to see what MMs wanted, was given price way over bid which is encouraging! as 2D said above, tightly held, so more decent news, some IR or a tip should see this really motor...lovely stuff

happy easter!
QS99

[qs99] 28/3/2024 08:51

Should be net cash by the end of this fiscal year, generating North of £1m EBITDA and growing IMO/DYOR

Re-rating of share price could allow all share deals or conservative use of cash to bolster business while continuing to organically hire/set up

Management have all to play for here, and IMO this should trend much higher....

DYOR

[twodegrees] 27/3/2024 21:33

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Norman Broadbent PLC, up 13% at 8.75 pence, 12-month range 4.50p-9.32p. The London-based recruitment firm swings to a pretax profit in 2023 of GBP309,000 from a loss of GBP338,000 in 2022. This tracks revenue rising 41% to GBP12.3 million from GBP8.7 million, partially offset by operating expenses rising 34%to GBP10.2 million from GBP7.6 million and cost of sales rising 21% to GBP1.7 million from GBP1.4 million. Chief Executive Officer Kevin Davidson comments: "We have taken the opportunity to invest further in the Company, hiring exceptional people and building our platform to take advantage of the market rebound when it comes. Our ambition remains steadfast and we will continue to pursue our aggressive growth strategy, whilst remaining profitable and cash positive, both organically and potentially through synergistic M&A opportunities...Supported by our considerable brand strength and market leading processes and technologies, we are well-positioned for continued success."

[twodegrees] 27/3/2024 21:31

In profit.....and with only 62m shares in issue, and 75% of those tightly held (including 7% by Directors), this has a MCap of less than £4m

[z1co] 27/3/2024 16:30

Rising after the results , not many small stocks do that.

Well done holders.

[twodegrees] 27/3/2024 15:06

I am still amazed that downing sold out before the results, surely they would have been better to wait...but hey, if they have gone then they had no interest in being here, so goodbye and good riddance

[qs99] 27/3/2024 13:57

If they can get their paper properly rated, they can then look to do some all share deals, tie key people in with equity - classic buy and build, but hopefully with very good organic growth which is what they are showing at the moment.

[twodegrees] 27/3/2024 12:20

Remember a large percentage of the shares are in the hands of a few, free float of shares is low, I will check back on previous announcements, but it doesn't take many trades to move the share price

[qs99] 27/3/2024 10:05

Fair point, but shows how tightly held and unknown it is as well.

[twodegrees] 27/3/2024 09:36

Maybe waiting on the presentation

[qs99] 27/3/2024 09:22

and zero market buys or sells on that RNS....astonishing!

[qs99] 27/3/2024 08:02

Cracking set of results IMO....net cash rising nicely despite the investments, as is EBITDA...DYOR

[twodegrees] 26/3/2024 17:37

where the trades roll overs ??

[twodegrees] 26/3/2024 17:17

Interesting trades just shown

[qs99] 26/3/2024 17:16

will be an interesting RNS indeed. Still 4% to go as well.

[twodegrees] 26/3/2024 17:13

So downing has dumped another load of shares, but who has picked them up??

[gleach23] 20/3/2024 22:33

Final results will be out a good 2 months earlier than recent history...hopefully that bodes well

[qs99] 20/3/2024 13:18

As I say above, they are winding down ALL their investments, I would probably have waited some more, but maybe, let's see, a buyer emerged for half the stake so why not take it off the table as that is their mandate they have? DYOR

I'm new to NBB, I like the statement about £1.25m EBITA in 2025, if they get anywhere near or above that, the net cash IMO should be v. material and EV/Market cap much higher than today!

DYOR

[twodegrees] 19/3/2024 11:55

Qs99, thank you for your reply. I am hopeful of a better set of results, having been here for over 10 years, averaging down, and sitting on a large paper loss. Downings timing is strange to say the least. I would have waited if I was them until after results, unless they know something that we don't.

[qs99] 19/3/2024 07:38

Because 2D as I understand it DSM are winding down their business, so selling ALL the stakes they hold. THAT is problematic for a company of NBB size as a material holding shown to MMs in an illiquid stock could see it halve in value overnight IMO.....desperate seller etc etc....

so offloading it with no material move on share price IMO is a good news story...>DYOR

Now just to offload the other half!

Cheers
QS99