Norman Broadbent Share Discussion Threads

[battlebus2] 04/10/2018 22:30

Fido have you spoken to Mike? Good to see today’s rise anyway 👍👍

[fido] 04/10/2018 20:19

astonedt.
I said that this is a turnaround situation and it is.
The reason that NBB is this low is that they have been loss-making for many years and that is fully reflected in the share price. What is not reflected is the turnaround is now well formed and evidenced in the interims. Going forward we should see NBB back to making profits by the final results and increasing thereafter. For such a lowly rated stock as NBB, that turnaround would have a substantial influence on the share price but when you throw in the fact that this is such an illiquid stock then that effect is going to be very marked indeed.
Before anyone accuses me of ramping I should add that my confidence is born out of my discussions with the CEO who is highly focused on making NBB into a highly rated and profitable company. He currently views NBB`s share price as a hidden gem and fully expects the company to be re-rated going into the finals.
I will not push the point as I have already said that this will be re-rated but if you don`t want to take my word for it then take a look at this presentation and listen to Mikes words very carefully.

[twodegrees] 28/9/2018 15:35

fido, pull the other one, we wait and wait and wait, share price has been going lower and if the market thought the results today were any good then the share price would rise a lot more than it has. Directors knowing this so called good news should be flocking to buy...not happening...

[fido] 28/9/2018 10:41

I will repeat what I said back in August.
In effect, this is the last chance to get in at these levels as we are now heading for profits which considering this is such an illiquid stock is going to see a sharp rise in the share price.

fido14 Aug '18 - 23:33

We are now at a time when the efforts of the turnaround should begin to be seen in the results. As this is such an illiquid stock then any positivity will see a sharp rise.

[battlebus2] 28/9/2018 10:20

Interims showing more progress and losses cut. Still think this will come good.

[twodegrees] 15/8/2018 16:54

Having read
the article about being ahead, no numbers are shown, it all sounds and reads so well but the company is making any profit so how many more quarters is it going to take before actual profit is made...

[twodegrees] 15/8/2018 16:51

fido,I do not see any optimism with this share. It is tightly held and the ordinary PI, like us does not get a look in as the spread is always so wide...then again even with good news no one is buying. Been here for more than 8 years and still do not see any light at the end of the tunnel..

[fido] 14/8/2018 23:33

We are now at a time when the efforts of the turnaround should begin to be seen in the results. As this is such an illiquid stock then any positivity will see a sharp rise.

[hughwilson] 31/5/2018 10:27

As I said:

[twodegrees] 30/5/2018 17:11

how can executive director m. brennan justify 219000 salary and benefits for 2017, when he received 1470000 for 2016. taken from the financial report that I have just read when the company has less cash than last year and still is failing to make a profit.

[twodegrees] 30/5/2018 15:14

p.s the spread is also too big and does not encourage trading...those large holding's amounting to over 70% are happy with what they have but the small p.i. just keeps getting shafted.

[twodegrees] 30/5/2018 15:12

hughwilson, it only take a small trade to knock this, the small PI.I has no chance of successfully investing here. I have been with this company for many many years and now with 90% loss and even after continually averaging down I would not promote this outfit one bit. The directors are happy with nice salaries, they raise more cash yet the share price even if apparent improvements are being made keeps falling.

[hughwilson] 29/5/2018 22:06

As I said before, while the financial turnaround continues to gather pace, what you will actually see before a good set of figures is more and more contract wins.

"Mr Hudson added with the impending retirement of Peter Brown, who has been deputy chief executive since 2004, the society had appointed the Norman Broadbent Group to help recruit a finance director and an operations director"

[twodegrees] 25/5/2018 15:23

Directors looking after themselves again. Nice little grant of options...disgusted.

[pireric] 23/5/2018 23:18

So illiquid. Think they'll struggle to create real interest in this in its current form even if they wanted to

[hughwilson] 18/5/2018 14:05

fido, take a look.

www.proactiveinvestors.co.uk/companies/stocktube/9324/newly-transformed-normanbroadbent-offering-a-unique-mix-of-business-lines-9324.html

Newly transformed Norman Broadbent offering a unique mix of business lines
Share
08:41 18 May 2018
Mike Brennan, chief executive of Norman Broadbent PLC (LON:NBB), tells Proactive's Andrew Scott he came on board two years ago and in that time the business has been transformed into much more of a professional services business.

''We're focusing instead of on one thing we're now looking at five different service lines - across search, solutions, senior interim, assessment and research & insight''.

''It's a fairly unique mix of business lines'', Brennan says.

As for the year ahead, Brennan says: ''There may be some challenges around Brexit for some companies but I don't think we've got that ... we've not got too much exposure to Europe or to financial services ... we've got a great team in place and it's all about getting the message out''.

[fido] 17/5/2018 23:04

Let`s hope you are right Hugh, been waiting a long time.

[hughwilson] 17/5/2018 20:39

twodegrees.
I am not defending the company and I share your frustration. This is a turnaround situation and is on the road to recovery. The problem is that it is a highly illiquid stock so it does not take too much to push it down and it is hard to trade. The other side of the coin is that because it is illiquid it does not take much to push it up either and this will aid the share price once NBB turns a profit.

[twodegrees] 17/5/2018 14:41

Fido and battlebus, I do not share your optimism, this keeps being pushed lower and lower. When will they have to come back to the market to raise even more funds.

[fido] 17/5/2018 13:56

Whilst the turnaround is still ongoing, the likelihood of further FTSE 100 contract wins of the sort that last pushed this share up to 18p will become more likely.

[battlebus2] 15/5/2018 16:35

This is going to take another 12 months before we see any sustained share price appreciation as and when we return to bottom line profits.