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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Norman Broadbent Plc | NBB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.25 | -5.88% | 4.00 | 08:38:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.25 | 4.00 | 4.25 | 4.00 | 4.25 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 19/8/2024 09:32 by tomps2 Norman Broadbent (NBB) interim results webinarMonday, 9 September, 11:00am Norman Broadbent CEO, Kevin Davidson and CFO, Mehr Malik will host a virtual presentation of their results for the six months ended 30 June 2024, followed by a Q&A session. Register here: bit.ly/NBB_H124_resu |
Posted at 10/7/2024 16:19 by gleach23 Well there's the late trade to explain the drop - 285,568 shares sold @ 6.15pEdit - could have been Downing Strategic Microcap who it looks like had been selling down their portfolio aggressively during June but their NBB holding remained almost unmoved - 03/06/24 - fund value £18.27m (NBB 0.37% = £67,599) 01/07/24 - fund value £5.19m (NBB 1.24% = £64,356) Hopefully they just blindly ditched them. |
Posted at 28/3/2024 09:10 by qs99 Good to see some buys coming in as NBB gets noticed IMO....tried a dummy sale for only £5k to see what MMs wanted, was given price way over bid which is encouraging! as 2D said above, tightly held, so more decent news, some IR or a tip should see this really motor...lovely stuff happy easter! QS99 |
Posted at 20/3/2024 13:18 by qs99 As I say above, they are winding down ALL their investments, I would probably have waited some more, but maybe, let's see, a buyer emerged for half the stake so why not take it off the table as that is their mandate they have? DYORI'm new to NBB, I like the statement about £1.25m EBITA in 2025, if they get anywhere near or above that, the net cash IMO should be v. material and EV/Market cap much higher than today! DYOR |
Posted at 19/3/2024 07:38 by qs99 Because 2D as I understand it DSM are winding down their business, so selling ALL the stakes they hold. THAT is problematic for a company of NBB size as a material holding shown to MMs in an illiquid stock could see it halve in value overnight IMO.....desperate seller etc etc....so offloading it with no material move on share price IMO is a good news story...>DYOR Now just to offload the other half! Cheers QS99 |
Posted at 25/8/2023 09:29 by 1focusrite It was, would seem every time NBB heads in the right direction someone small trades/sells it back down..... what is the point in that? Just sell up and get out or stick with it |
Posted at 23/5/2023 10:49 by tankerton Downing issued their results the other day. They have NBB down as a turnaround/takeover situation which pretty much sums things up. |
Posted at 02/11/2022 10:56 by 1focusrite It would seem Kevin's tuned a few lights off in his time, and I was right to have such concerns when the RNS came out about Kevin Davidson being appointed CEO in September 2021; it had some painful examples of lights being turned off for sure:Mr. Davidson was also a director of GB Petroleum Limited from July 2010 which was put in to compulsory liquidation on 6 August 2012. The liquidators received claims of approximately £3.74m from unsecured creditors which was unpaid due to the realisations from the liquidation being insufficient to declare a dividend to the unsecured creditors. The company as wound up on 9 May 2017 and dissolved on 26 August 2017. Mr. Davidson was a director of Maxwell Drummond International Limited from January 2007 to April 2016, which was put in to compulsory liquidation on 24 April 2016. The company was wound up on 2 November 2020 and dissolved on 4 February 2021. Mr. Davidson was also a director of Maxwell Drummond International Group Limited from June 2008 to April 2016, which was put in to compulsory liquidation on 21 April 2016. The liquidation is currently ongoing. Let's hope this is not a trend. Not what you would have expected the board of a listed business to sign off on; or the stockbrokers. The board will have a lot to answer for if this goes under, or maybe not.... The CFO might have resigned already; however, being the only other Executive (I think) along with Kevin Davidson, now that Peter Searle is distancing himself and has quit the Executive Board, the CFO will struggle to shake this off if it folds. Looking back at the older RNSs, in November 2020, they announced securing a financing facility with Metro Bank PLC to the tune of £1,500,000. Metro Bank must now be looking at this as a significant risk in offering this level of facility to a business with a market cap of only £2.2m; especially considering how much other substantial debt there is. Whatever is going on, it sure does not look good - with the challenging global market dynamics, cost of capital, and rising interest rates, it is tough to see this going anywhere soon.... |
Posted at 11/7/2022 10:29 by battlebus2 That’s a favourable update from NBB this morning. New offices to open so maybe we will see some traction on that increase in revenue. |
Posted at 25/5/2022 16:56 by battlebus2 WHI view: We have no formal forecasts in the market for NBB; however we see a considerable opportunity for growth, with increasing levels of income connected with the core activities dropping through to the bottom line, while the company has also continued to grow its platform (five new fee earner hires already in the first couple of months of 2022). With an eye to the future, NBB is also looking at the (longer term) full range of growth opportunities, including partnerships and other potential growth drivers in a consolidating market. We note the expectation of positive EBITDA in FY22E and anticipate recommencing formal forecasts for NBB in due course as the business is clearly set on a marked recovery / growth trajectory. |
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