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Northern Bear Share Discussion Threads
Showing 676 to 699 of 700 messages
|Nowt hath changed lad! Time for you to buy some!|
|tiswas, beware the games of MM's though, I had a struggle to buy at 55 even though it was a small amount, now moved it up.|
|Just as there is some discussion on this BB the price falls away! I had hoped it would do the opposite.|
|Good article Lewis|
|Yes, an excellent article|
Excellent article that I had not seen before but deals well with the goodwill issue I touched upon.
Agree that news is few and far between, I guess contracts are never of a size that warrant a RNS.|
|With management paying off debt whilst steadily increasing the dividend, the company seems to be very sensibly run. Its sufficiently illiquid that I would not want to be holding loads but it seems to be there are few cheaper listed companies currently.
FWIW, NTBR has a Stockopedia Rank of 99 and a Value rank of 97.|
I think you are right on the dynamics of how it will play out. Too messy for a trade buyer given the ownership by insiders and their importance to the business - someone buying it would likely have to replace the entire management team... and deal with a whole public tender process which, at this size of company, is a lot of hassle.
Piece-meal sales of subsidiaries may be more plausible, but valuations won't be super high if that's the case.
See no reason why an MBO couldn't take place but I get the sense from the company that there is little desire to do so. It's not so cheap that they wouldn't need external equity (along with a lot more debt, obviously) and that gets difficult with a fairly spread management team who'd all need to agree.
You might find my post interesting if you haven't read it already:
|Good post and thanks.
No institutional holders from what I can see and probably too messy for a trade buyer? Probably also missed the window of opportunity for a mbo so like you say get the balance sheet right, pay an increasing divi each year and watch your effective yield on purchase price rise.|
|Tis' True but if it was a nice strong balance sheet, it wouldn't be at this share price. The missing reassurance should come from how they have created cash to pay down the debt over recent years. But as I posted a long time ago, this is the minnow of all minnows with minimal news flow, and seemingly none of the serious pros following. IMHO, you do your best analysis but basically it's a long-term bet on the management and their skill. If you like it, buy a few, put them away for a few years and hope business is good to them and they can buy a few more vans, repair a few more roofs, rent out a few more cherry-pickers. One day, managements hard efforts will see the big boys take a look see and we'll get a re-rating. And yes I am one of those long-term holders but not with all my money!|
|I hold a fair few of these and was thinking of topping up but not the strongest balance sheet I have ever seen.
21m of intangible goodwill that is not being amortised and current liabilities greater than current assets.
I would still hope for min 2.5p divi but feel that balance sheet could do with strengthening.
Any thoughts from long term holders who have held through the bad times?|
|Will we get a big breakout this time?|
|Thanks for the weather forecast!|
|egg - perfectly still and rain free here on Yorkshire - not a drop or snowflake to be felt....just a bit of the cool (-)1C, as I type. No reason to think that construction work isn't moving ahead apace....as usual!
I see the best ask on L2 for NTBR is now at 60p, with the best bid of 56p. A wide spread, but deals trades are being done within the spread.
A quick check just now showed the mm's would pay slightly over the bid for 15k of mine, but I'm a keeper from low.
|Just noticed on my phone that a sell transaction of 10k just went through at 27.75p which not surprisingly made me take a closer look.
No need to be concerned, it looks look a typo and should read a buy at 57.75p. Looks like a typo because share price has ticked up and the spread is 56-58. I can relax again now :o)|
|fillipe, has the recent weather 'oop there' been OK for contractors doing outside work?
According to the Met. office/BBC we should be under 9ft of snow down'ere, but I've yet to see a single flake!|
|Bought back in here the other day - so pleased to see the recent rise.|
|I'm loving it "oop north" ....and with NTBR.
|The share price rise is looking good.|
|Looks like Brexit is going to generate a lot more wealth in this country over the next few years. NTBR should fare well out of that.|
|A25 - Jon Pither isn't a Director he retired as a Bear Director in 2008 - is now aged 82 and has only sold a few on the back of a decent rise! ie not relevant to current trading!
|Maybe just needs some cash for a holiday away from the grim weather, only a small sale of 75k shares, still has 2.2m shares.|