Share Name Share Symbol Market Type Share ISIN Share Description
Northamber LSE:NAR London Ordinary Share GB00B2Q99X01 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 33.00p 31.00p 35.00p 33.00p 33.00p 33.00p 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 65.5 -0.9 -3.2 - 9.29

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Date Time Title Posts
26/7/201609:24Northamber Total Distribution56
18/8/201512:39Northamber(NAR)-An early Christmas Gift?Ј1 coins for 80p+Ј1 worth of stock free281
30/10/201411:08*** Northamber ***5
06/3/201016:30NORTHAMBER Plc>>THE LATEST INFORMATION162
02/10/200612:37NAR - down and down4

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DateSubject
29/9/2016
09:20
Northamber Daily Update: Northamber is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker NAR. The last closing price for Northamber was 33p.
Northamber has a 4 week average price of 32.85p and a 12 week average price of 32.22p.
The 1 year high share price is 43p while the 1 year low share price is currently 30.50p.
There are currently 28,158,735 shares in issue and the average daily traded volume is 300 shares. The market capitalisation of Northamber is £9,292,382.55.
18/8/2015
12:38
sleepy: Anyone any idea why share price has been rising?
12/3/2015
08:06
hybrasil: I have been a north amber shareholder for over 10 years. Its a long time but it is does look like my initial reasons for investing strong family shareholding serious asset backing were justified. Whether they are ever reflected in the share price????
24/9/2011
22:58
rainmaker: Hi M-As the shares are trading at less than book value,it makes a lot of sense for Northamber to buy back their own shares for cancellation as it boosts NAV, eps and cuts the cost of the dividend.It's also the most tax efficient way of returning value to shareholders.However we shouldn't forget that it also increases the Chairman's percentage holding as well, meaning that as the majority shareholder it will cost him less to take the Company private, should he wish to do so-I believe he's now past the retirement age so MBO is a stronger possibility. I'm personally not much of a conspiracy theorist and I generally take Peoples actions at face value.You know, I'm not looking for hidden meanings all the time. Nevertheless I'm beginning to wonder if the Chairman doesn't want a stronger share price since it will cost him more to take the Company private. I have a problem with his sincerity-on the one hand he remarks upon the large disparity between the share price(currently 56p) and net asset value of circa 89p yet the subsequent share buybacks seem token gestures.OK he recently bought back 100k at 57p but mostly they've been small purchases of 10k shares.When I last calculated working capital requirements at Northamber they were circa £8mln but with £10mln in the bank they could, and indeed should, have been far aggressive with buybacks. I take my Hat off to the Chairman and his fellow Directors because I think they have done a tremendous job under difficult circumstances-rising costs,product deflation, wafer thin margins and cut throat competition, bad debt risk through the recession etc but I've been a seller of the shares and I'm liquidating my positions. I don't see much upside for the shares (or downside for that matter)from current levels as the markets there're involved in are very difficult and the play on rising interest rates is a non runner since rates will probably not rise until 2014.The Northamber share price is some 50% up since I started this thread and has more than doubled since I first identified this Company as a good opportunity two years ago so it's a reasonable success. regards
04/4/2011
19:11
rainmaker: Hi M-Just continuing to patiently hold.Last time I checked minimum liquidation value was 79p a share. Company have already remarked on large and "surprising" gap between the share price and tangible net asset value of 88/89p a share yet have so far done nothing about it ie no special dividends, buybacks.I'm hoping there will be a special dividend in May with the trading update as they clearly have far more cash than they need for their working capital requirements and maybe that's the reason why there're not spending money buying shares for cancellation.The much heralded rise in interest rates will be great news for Northamber shareholders since it will boost earnings and force the Company(providing trading does not deteriorate)to increase their dividend. regards
23/2/2011
20:22
rainmaker: CW-Is it too much to ask that the 25k share purchase yesterday was Northamber(NAR) for cancellation? They've got three days to report it so we could hear something tomorrow. There was a flurry of buybacks after the final results last year so hope for more of the same now.Since Northamber(NAR)have cash way in excess of their working capital requirements, they should be following this course of action to return value to shareholders in the most tax efficient manner possible whilst at the time boosting the share price, eps and nav. Well, we have historically low interest rates in the UK of just 0.5% so even the forecast modest increases in interest rates will have a dramatic effect on their earnings through finance income on that cash pile.That factor together with buybacks and a steep discount to net working capital at 80p, TANGIBLE net assets of 89p, makes this a buy.I'll continue to hold. Situations like this make you appreciate shares like CML Microsystems(CML) and French Connection(FCCN)up 400% and 300% respectively since I was buying roughly a year ago.The results are until Dec 31 at period of high cash demand so let's see what the trading update brings in May. regards
29/9/2010
01:13
rainmaker: Thanks OB-Just doing some back of the envelope calculations for Northamber and with regards to cost of equity and them making a "meaningful profit".Which I would define Northamber making a profit in excess of their cost of capital. So I have calculated that they need to make 4.46 eps or just under £1.3mln net income to justify a share price equivalent to their net asset value of 88.4p. At face value, this might seem a tall order for Northamber but then appreciate that we are in a low interest environment then look at their performance in the last six months and realise that to achieve that target figure they just need to double those earnings over the next year.Also earnings are at a low ebb and if Northamber can generate a miniscule improvement of return on sales from their massive £130mln+ annual turnover then that figure is easily achievable. There is a real sense here of creating your own luck, of being in the right place at the right time. That may strike a chord with some Investors or it may not.Ben Graham once stated a good investment was a good speculation in that if a share's downside was limited, by definition it must have good potential upside.I have absolutely no idea where the share price will be in three/six months, or 1/2 years time but given the fact you are buying Northamber's shares for it's net cash presently,and getting it's earnings and assets for free, I am very confident it will be higher.I sold the last of my Volex(VLX) holdings today-I started selling 9 working days ago and although I expected the share price to do very well when I was buying in late 2008/early 2009 never in my wildest dreams did I believe I would make up to 16 fold gains on my positions. regards
21/9/2010
12:19
rainmaker: thanks OB- I remember your comments on another NAR thread.I don't think that a lack of sellers is a problem. A share buyback would have a dramatic effect on the NAR share price. Just look at the share price performance of similiarly thinly traded Character Group.Of course buy backs at less than net assets of 88.5p? currently would be in everyone's interest-since it would boost eps and nav, cut the dividend bill and be the tax efficient way NAR could return value to shareholders.The Company have already remarked on the large disparity between the current share price and net assets so there could be a problem with free float. I'm optimistic re Northamber share price short term as the Company is making money at an operating level and are experiencing a recovery in it's markets.It's current rating is so low that even a further modest pick up in business could easily send the share price 30/40p from current levels.Lack of capital expenditure will simply means it's cash pile will keep growing. I feel that short term competitive pressures will ease for reasons already mentioned. This share won't multibag I'm sure of that but I am confident there is a good profit to be made from current levels over the next six months. regards
24/8/2010
20:33
rainmaker: Agreed ES, by my calculation net cash of 50p a share and IMHO still a buy. It would be nice to see the Company buying back it's shares for cancellation since it's the most tax efficient way of returning value to patient NAR shareholders and as the share price is less than book value, will also boost net assets and earnings per share not to mention supporting the share price. regards
06/3/2010
16:30
rainmaker: Just some further thoughts on Northamber(NAR). Somewhere on this BB, I've commented on this Company buying back it's own shares for cancellation.I've also noted that the market in it's shares is thin and remarked that it could have a dramatic effect on the share price if they continue to buy back their own shares. Well, there's another RNS yesterday- Friday 26 February stating that they bought a further 10,000 for cancellation.If you look at Character Group(CCT) for example,you will see they also been doing the same and you should also note the hugely positive effect it has had on their share price.They initially started buying shares at 84p and within weeks the share price reached 106p. Obviously I'm looking for a Northamber share price rise from current levels of 47p/52p, as Investors buy in anticipation or a realisation of a recovery in their markets. Northamber's Tangible Net Asset Value is 90p and cash is 46p a share. However it's important and pertinent to state that a Company buying back it's shares for cancellation is the most tax efficient way a Company can return money to shareholders-if they paid a special dividend then investors would have to pay tax. Furthermore as Northamber is trading below net asset value they will actually boost their net asset value per share and their earnings per share by taking this action so it is very much in shareholders (and that of the CEO who owns the majority of the shares) best interest for them to continue to so. The important yet simple point I'm making, is that the Northamber share price can go sharply higher short term without any signs of a recovery in the business simply by the Company purchasing further shares for cancellation. regards
27/2/2010
13:50
rainmaker: Just some further thoughts on Northamber(NAR). Somewhere on this BB, I've commented on this Company buying back it's own shares for cancellation.I've also noted that the market in it's shares is thin and remarked that it could have a dramatic effect on the share price if they continue to buy back their own shares. Well, there's another RNS yesterday- Friday 26 February stating that they bought a further 10,000 for cancellation.If you look at Character Group(CCT) for example,you will see they also been doing the same and you should also note the hugely positive effect it has had on their share price.They initially started buying shares at 84p and within weeks the share price reached 106p. Obviously I'm looking for a Northamber share price rise from current levels of 47p/52p, as Investors buy in anticipation or a realisation of a recovery in their markets. Northamber's Net Asset Value is 90p and cash is 46p a share. However it's important and pertinent to state that a Company buying back it's shares for cancellation is the most tax efficient way a Company can return money to shareholders-if they paid a special dividend then investors would have to pay tax. Furthermore as Northamber is trading below net asset value they will actually boost their net asset value per share and their earnings per share by taking this action so it is very much in shareholders (and that of the CEO who owns the majority of the shares) best interest for them to continue to so. The important yet simple point I'm making, is that the Northamber share price can go sharply higher short term without any signs of a recovery in the business simply by the Company purchasing further shares for cancellation. regards
Northamber share price data is direct from the London Stock Exchange
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