Northern Bear Share Discussion Threads

[sailing john] 11/9/2015 14:20

Thanks LA - here is a link to the news release if anyone else interested in checking it out and other recent news

[wywcu1] 11/9/2015 14:11

Brilliant news la. share price should be well above 80p IMHO. GLA

[littlealbatross] 11/9/2015 13:04

NTBR announce the company has secured 2 further projects at Northumbria University. The announcement adds that NTBR Building Services are on for a record breaking summer completing 19 School, College and University projects.

[battlebus2] 01/9/2015 16:09

Well a good day for holders here :))

[daz] 27/8/2015 16:02

I added a few more today, the forward p/e is probably around 4.5 at current levels.
It's difficult to buy in any volume, so as sailing John said above, I think the seller is clear now. The flip side of this is that the shares are now more illiquid than before but that will work in holder's favour if there is any buying.

[sailing john] 19/8/2015 09:19

On the move...... finally!

I have said previously I think Roy was selling down the rest of his stake having gone below 3% in June. I personally believe he is now out and overhang gone. imo etc. as no way of knowing but recent price action supports this theory and I did track large trades from his announcement through July.

PE still sub 5!

[eggbaconandbubble] 18/8/2015 16:24

And yet according to ADVFN the PE to PE average is 142%.
Doesn't say, over how many years they take the average PE. but it must have been ridiculously low for some time!

[sailing john] 18/8/2015 14:46

wywcu - correct.

But including the one off accounting adjustment for bank fees eps was 10.7p - see accounts therefore PE less than 5

The accounting adjustment is more significant imo as it is a true one off - bad debts of course might recur although I hope not!

"Historically, directly attributable bank fees were amortised over the life of the term loans to which they related. Having assessed the impact of the bank facility renewal described below, the Group considers that the terms of bank facilities have been substantially modified and accordingly has written off all relevant unamortised fees. This resulted in a non-recurring charge to finance costs in the year of £239,000. This is a non cash item as the fees had already been paid and [b]will, together with the interest reduction referred to below, result in a substantial annual saving in finance costs in future years."[/b]

[wywcu1] 18/8/2015 14:31

l.a, what a lot of people seem to forget is that last year NTBR had a bad debt of £259k (fully provided for). Add this back in and the earnings per share was 10p which in turn gives a p.e. of 5.45. Crazy or what? I currently have 76k in an ISA and intend adding in the near future. Could easily see 2.5p dividend next year.

[littlealbatross] 18/8/2015 10:47

wyw......a few years back there was that best selling children's book, "We're going on a Bear Hunt." Hope there's no acquisitive predator out there eyeing up Bear at this paltry price.

[eggbaconandbubble] 10/8/2015 16:11

Spread is over 10%!

[wywcu1] 10/8/2015 15:20

fully agree la. Current price should be circa 95p.

[littlealbatross] 10/8/2015 12:23

This time last year Bear tried to reach 60p but couldn't make it.....is it having another try? We all know its current valuation is paltry.

[leona306a] 02/8/2015 23:07

NTBR. Goes x divi on Thursday this week,so fill your boots before the price shoots NORTH ,excuse the pun. With a P/E of 4.86 and a PEG of 0.12 there is a lot of buying potential . The price should be nearer 80p and it will happen and soon, you mark my words.

[sailing john] 27/7/2015 13:22

Added a few on the dip....

Caused by yet another 50k sale!

[daz] 27/7/2015 08:11

Mike,

If you're looking in, thanks for the tip at the Syqic AGM, the shares do look very good value and there also seems to be little downside risk given the positive outlook statement in the finals, so I've accumulated a few over the last week or so.
The clincher for me is that buying now, you receive 2 final dividends in just over 12 months, giving a 6% yield on that basis, so it's hard to see how you can go wrong by buying now.

Thanks again.

[sailing john] 23/7/2015 12:32

I have been monitoring trades recently following Roy's sale of 375k in June and a number of sell trades of 25k, 50k and one at 100k between 22 June and 20 July are roughly equivalent to Roy's remaining holding.

If these were attributable to him he may now be out or nearly out. The tick up today might support this theory.

There is no doubt in my mind that the current valuation is way off the mark especially when the two exceptionals are added back in. If our seller or sellers have cleared we might see some progress over the coming months.

If not I think the market might take note of 1H results in December

dyor - just my musings and speculation

SJ

[shanklin] 13/7/2015 08:25

Seems the seller is still about.

[wywcu1] 13/7/2015 07:47

These are a superb set of results as expected. I was blown away by the 100% increase in the dividend which at pre-open prices is 3%. Can't get that in the banks. 75p not unrealistic in coming days/weeks. GLA.

[this_is_me] 13/7/2015 07:35

That looks good! The bank has more confidence in the company, debt and interest going down to normal levels, profits and turnover up and dividend up.

[swsmith20] 10/7/2015 14:16

Some nice sized buys coming in today. Roll on the results and then we should be due a nice rise to 60p

[littlealbatross] 10/7/2015 13:21

boom
Last year were July 2nd.

[boomorboom] 10/7/2015 12:37

When are the results due?

[battlebus2] 09/7/2015 15:20

SWSmith20, these can turnaround very quickly and should trade higher with their results.

[swsmith20] 09/7/2015 11:36

Knew I should have waited below buying more... looks like it is back down to mid 40's