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NRG Nthn.Recruit.

30.00
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Northern Recruitment Investors - NRG

Northern Recruitment Investors - NRG

Share Name Share Symbol Market Stock Type
Nthn.Recruit. NRG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 30.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
30.00 30.00
more quote information »

Top Investor Posts

Top Posts
Posted at 16/12/2008 01:39 by rainmaker
Now 20p. I don't really understand what's happening. All I know is all I need to know,that I have accepted the tender offer and will get 40p. I just wanted to echo the sentiments of previous Posters that Investors are misguided to sell in the market when they will receive more (and pay no commission) in a matter of days by accepting the tender offer at 40p.

I think it's worth stating for the next NRG type "work out" situation that, if you have Direct Market Access(DMA) there's nothing to stop you putting in bids and trying to buy at slightly more than the MM bid say 36 or 37p-there's obviously no guarantee that you will make any purchases and you could be left with a series of small purchases but it's food for thought.
regards
Posted at 03/11/2008 15:08 by mryesyes
I'm keeping my shares on this occasion, normally I would sell on a delisting.
To be honest this is actually a buying opportunity. The list of clients they have is massively impressive and even if they permanently resist paying a dividend to themselves its obviously worth a lot more and the only people who know for sure are the exec directors
Fortunately I have under a thousand shares but how mean to exclude investors selling half their holding
If I had 30,000 I would sell some in the market.
Also they will now be working 100% in their own interests. I'd buy as many as you feel happy with and if you are happy with keeping your few just do so
There may be an element of false optimism on their parts as the markets they work in will be slowing recruitment for a year or two as the North will be hit hard after the south but in this case do as the exec directors are doing and leave in it in the capable hands of their greed, you won't be sorry you did hold some into delisting
Posted at 12/9/2008 15:59 by deswalker
There are three possibilities for the cashpile IMO ...

1) Corporate Action. I hope and believe not IMO.
2) Need to keep cash in the business as trading is tough. True to a degree IMO.
3) A war chest to buy back chunks of shares from disillusioned investors. True IMO.

That's how I see it and IF they can get access to large lines of stock at these levels then I'll be delighted that they held back my divi to buy them back (whilst keeping plenty of headroom for the business during this nightmare time for funding smallcaps).

harrogate, I'm not close to the industry. I'm just a numbers investor by-and-large and the numbers (with the exception of the one that counts (the SP) :) are not that terrible. On current levels of profitability they should be trading at 60p IMO (15% EBITD/EV gross yield). 35p prices in a BIG reduction in activity whereas history shows that the company has plenty of spare capacity should the industry improve, and this is priced at less than zero.

Anyway enough of this today. Fortunately it's one of my smaller holdings but nonetheless painful to see this drop on what are pretty reasonable underlying numbers.

Rgds to both you and momentos.

Des
Posted at 05/9/2008 01:34 by rainmaker
Momentos-re your post about NRG current p/e. In these uncertain times I feel it is too simplistic and dangerous to look at one year's earnings in isolation. Famous Value Investor and Author,Ben Graham used a simple yet powerful technique to try to gain a sense of typical or normal earnings of a listed business. He would worka share's multiple of five year average earnings and would consider a multiple of seven to 10 times as good value. I believe one of the three(HYNS,NRG and ACL)I'm pretty sure it was NRG that was trading at 3/4 times 5 year average earnings.

regards
Posted at 01/9/2008 01:57 by rainmaker
I've been investing in Value shares for many years and IMHO I don't think there are many "Value" shares currently offering better value or potential price appreciation than NRG. I've looked at the Company's trading and dividend history(they've missed just one interim dividend in the last 10 year), it's current multiple of five year average earnings, it's gearing (or rather net cash)and it's earnings estimates among other things and feel this Company offers just the right combination of safety and reward.

Famous Value Investor and Teacher, Ben Graham(Warren Buffett, the World's richest Man was his star Pupil, the only one he ever gave a A+ to in 22 years of teaching at Ivy League, Columbia University) once said that a good investment was a good speculation, that if a share's downside was limited then there must be good potential for profit.


regards
Posted at 23/5/2008 19:28 by slaine777
It aint fun. Anyway I bought a few after a brief perusal of the fundies. Looks good value. Looks a good contrarian play too. I take it you have an interest in this company. Given it is a small cap, assisting the odd lazy investor might improve the share price. You just dont know who could be looking in!! If you have the info give it. I would always check anyway!!!(when I get time).
Posted at 22/1/2007 16:09 by karldinnel
Hi. Just looking at this share as a potential addition to my ISA.

Clearly I am attracted by the dividend yield. But there are certain things about NRG that make me a bit wary. Firstly, they have disappointed in the recent past (which is not such a big issue for me since I quite like recovery situations and a healthy dividend is a good way to make sure the share doesn't fall too far). But, more importantly, can anyone tell me what prevents the management from taking NRG down to AIM?

As far as I can tell, there are no big institutions in this one. In fact, the management seem to hold most of the shares. Since the loss of institutional support is a major factor that stops smaller fully-listed shares from moving down to AIM, then NRG's lack of institutional investors suggests to me that an AIM move could be on the cards. This, of course, means that any dividend income would then become taxable.

What are people's views on the likelihood of a move to AIM? In terms of the business costs, it would make sense (although it would not be popular with smaller shareholders).
Posted at 27/3/2006 21:51 by jgscott
"where is thi going? looks like downwards to sub 100p"

I doubt it billy bee... we are appraching the end of the tax year and a number of investors and institutions will be re-shuffling their portfolios. No alarm for me however. Too cheap as it is.
Posted at 22/12/2005 15:56 by stevemarkus
I emailed the company two or three weeks ago via their website. Disappointingly, I have had no response - meaning they either don't monitor the website, or don't consider it worth responding to private investors. I would be interested to know if you get a response and if so what it says. If there is no bad news in the wings, then these are seriously undervaled at the moment.
Posted at 24/11/2005 10:03 by jgscott
These falls have been on very little volume so is it possible the mm's are just trying to shake out private investors inorder to fill an institution's order. I would have thought that NRG may be on the radar of a number of fund managers now that the dividend has been rephased? Arguably, this stock offers growth and income (4%+ yield). What are your thoughts?

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