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Northamber Share Discussion Threads
Showing 851 to 874 of 875 messages
|Buying here is like paying for insiders lifestyle!...|
Yes I just got tired of waiting for them to realise the value rather than watch it disappear on a failing business. They make losses every year yet never want to give up.
|Im sorry to see Arthur Lame sell out of these.
I have been involved here for about 13 years (and the shares were I thought cheap when I bought them) - I am down about 50%. There probably is an average down argument but they have been so dull I dont think I could bring myself to.
There has been no update on the property valuations|
|Its a large holding ego thingy...|
|I also sold out of here as they show no signs of returning the assets to shareholders and are happy to continually make losses on a failing business.
I thought the appointment of a director with significant property experience might herald a change of direction but I was wrong.
|Hi Glen, I also reviewed the results here and saw no reason to regret having exited this investment. Breakeven still seems very far away, let alone an acceptable return on capital employed. It is a shame that so much value could sit idle for so long but there is nothing that can be done about it.|
|The same old story - only worse this year. Maybe they'll breakeven in a couple of years. Maybe.
Glad I'm out of this one as David Phillips shows no sign of stopping the throwing of good money after bad.
I wish those of you still hopeful that the directors will return the £20m+ (68p) of shareholders' funds the best of luck. I, together with some others, tried to persuade them - and failed.
|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; [email protected]s.com; @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!)|