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Northamber Share Discussion Threads
Showing 851 to 874 of 875 messages
|Anyone know anything about John and Sarah Rockliff who declared a combined holding of 1,000,000 shares in March?|
|Nothing going on here, I attended a few AGMs. Management in denial about the economics of the industry. They just enjoy owning a company. The son is working there now so it might continue indefinitely, assuming they can eventually get back to break even.
Tempting to think you could get a return of capital or a special divi some day but chances are slim that it will be any time soon. Dividend cut this year was a bad omen.|
|Only holding a small amount for sentimental value as I started the thread. I sold up months ago. Keeping a watchful eye though.|
|ah battlebus Are you here too? I bought a few shares today but there does not seem to be any stock around hence the rise.|
|Seems to have bounced of the bottom??|
|After 22 March|
|After 21 March|
|Yes - they have been getting progressively later
2012 - 21 February
2013 - 27 February
2014 - 7 March
2015 - after 20 March (edited not foretold!)|
|Interims quite late this year|
|Interesting that their new non exec has a background in property. Could this mean that they are finally going to try and realise some of the value in the balance sheet?|
|Northamber is pleased to be able to announce the appointment of Geoff Walters as a non-executive director of the Company with immediate effect and he will also chair the Company's audit committee.
Commenting on the appointment, Chairman David Phillips said "Geoff brings to the post a vast experience in a wide range of industries and an extensive knowledge of financial matters and experience of the City.
After qualifying as a Chartered Accountant with Binder Hamlyn London, he held positions as Finance Director or Company Secretary in companies mainly in the property and construction sector such as Priest Marians Holdings PLC, Antler Property Corporation and Kajima Europe UK Holding Limited as well as being Group Accountant at Rosehaugh PLC.
He is an Associate Member of the Institute of Chartered Accountants in England and Wales."
Geoffrey Paul Walters, aged 64, is or has been in the previous 5 years, a director of the following companies:|
|Profdoc - very much hope so but won't believe it until I see it|
|This year is the 150th anniversary of the publication of Alice in Wonderland. For some reason the AGM made me think of the Mad Hatters Tea Party. Wonder why?|
|Perhaps they'll take the company private?|
|What do they mean by "capital structure" and "capital efficiencies" I wonder. Somewhat ambiguous, but do you think some of what we said is, on second thoughts once the directors had time to digest, being considered valid?
|From Google News
Northamber Says Properties Likely To Be Worth More Than Existing Book Values
Tue, 15th Dec 2015 17:33
LONDON (Alliance News) - Northamber PLC on Tuesday said its chairman has noted that "based on indications received" the value of both properties are "likely to be greater than their existing book values, subject to planning permission".
Outlining the company's performance and strong financial position at its annual meeting of shareholders, Chairman David Phillips "noted that consideration continued to be given to the property and the capital structure of the company, so as to best support both the business and its capital efficiencies", Northamber said.
Shares in Northamber were untraded on Tuesday, closing at 35.00 pence.
By Samuel Agini; firstname.lastname@example.org; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
|It does seem that they have absolutely no intention of creating any interest in these shares what so ever.
profdoc - After reading the newletter maybe I should read your book as I think it will put me ahead of the Northamber management.
(You couldn't blame anyone for thinking that the management seem quite content with the status quo as long as they can draw an income. After all everyone's got a job haven't they!)|
|Northamber’s AGM's update on assets - its stuffed with them, but....
Yesterday’s AGM was very interesting. The Board were very welcoming to the five shareholders who made the effort.
There is a lot more value in the property portfolio than shown in the balance sheet.
And there is a reasonably good chance that both the warehouse and the offices will be sold with the company piling up cash. This will add to the £5.4m already there (no debt, no pension deficit).
Market capitalisation is 37p x 28.1m shares = £10.4m
The warehouse is situated on an estate near to Tesco and M&S. The directors of Northamber are actively considering the possibility of sale (nothing definite) at a sum much more than the £6.7m Northamber paid. I’m guessing here (no inside knowledge), but given its location £10m or so might be possible.
They are also considering the sale of the office in Chessington, which already has planning permission for conversion to 28 flats. My guess here is around £2.5m to £3m could be wrung out of a property developer.
So, if all that comes to pass the company could have £18m of cash with a market capitalisation of £10.4m. Interesting.
On top of that the operating business has inventory of £4.5m and receivables of £10.1m offset by payables (the only liability) of £7.8m. Perhaps £5m or so could be extracted from these assets?
Also, there were some indications that the company has in recent months managed to occasionally go into the black.
But there is a problem:
The BoD made it very plain in a long discussion that they are minded to reinvest the money received in the operating business – yes, the same operating business that lost a total of £3m over the last 5 years.
However, they do offer a variation on the theme. They are trying to eliminate “empty revenues” and concentrate on the strategy of Value-added narrow lining (see my earlier Newsletters http://newsletters.advfn.com/deepvalueshares), meaning that....|
|Let's hop the AGM will hold some promising.
'Annual General on 15 December 2015'|
|Thank you Arthur. I have only just noticed your post. Yes I too have bought PRES.
I dont know any of the shares you mention with the exception of HYDG and like you I dont like recruiters. I'll come back when I have done my homework.
Your very full post is much appreciated.|
Forgot to mention I also bought e few PRES. I waited for the trading update which was good so I missed the bottom but they look cheap to me despite their main markets being depressed so in better times could be worth a lot more, have already fallen a long way.|
Although I've had a pretty good year so far most of the stocks I'm sitting on are the rump of unsuccessful investments.
AVS - I have made a substantial profit on these but expect more so am not selling yet.
BVM - Wish I'd sold these a few years ago but have faith in the new management to turn things around.
DRS - Bought as a recovery play and not going bust in the short term but not performing either.
HYDG - I don't by and large like recruiters but I think this is worth more than the price I paid and the balance sheet is strong.
NAR - Well we're all here
ODX - Reckon it's worth what I paid even if their new products don't work out, but cash might become an issue in a couple of years time.
OMG - Done well out of these, but hoping they can licence their tech to a couple of major players
PEN - Got caught out by the results but think they're a fundamentally sound business and will recover.
SUH - Been sitting on these for years and think I will make a profit in time, certainly not going bust.
I also have a few investments in my new SIPP.
AUK - They just looked cheap to me based on earnings and the price but I don't want to hold them for the long term.
GOAL - Bought right at the recent bottom, strong balance sheet, good margins and cashflow and potential growth.
The truth is Hybrasil I think the market is overvalued so I am being very cautious, it's better IMO to sit on cash and wait for opportunities than feel the need to be fully invested all of the time. So many low quality stocks seem to be on pe's of 20 or more that I can't believe we are not due some sort of correction.
All the best
|Arthur Lame Stocks.
Good to see you around again. You have been on advfn for a very long time.
What is in your portfolio at the moment?|
|I agree with all your saying Profdoc, i suspect they will want to allow a little more time to see if we can return to a more stable profit..|