Norman Broadbent Share Discussion Threads

[twodegrees] 02/12/2024 22:38

seems if directors buy, it does not instill confidence but selling...seems to happen on many Aim shares.

[twodegrees] 02/12/2024 22:37

Directors bought at 5.75p in October and yet it keeps on falling.....

[gleach23] 11/10/2024 15:18

Good to see some director buying this week although not massive amounts.

Large trade just gone through of 452,374 @ 5.39p and now no stock available to buy. Perhaps an overhang cleared.

This share is so up and down...priced for boom one minute then priced for bust the next. I'm sticking with it for now and recently bought more, even though CEO comments in the recent results seem to have become a little more caveated -

"While the timing of a recovery remains hard to predict, there are some positive signs beginning to emerge across the industry. Our average monthly retainer income in Q3 2024 is already slightly up on both Q1 and Q2 2024, in line with reports that the contraction of the labour market is easing. With the action we are taking to build on the positive transformation activity of recent years, we are in good shape to emerge strongly and quickly once conditions improve."

[twodegrees] 03/10/2024 20:27

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[tomps2] 19/8/2024 09:32

Norman Broadbent (NBB) interim results webinar

Monday, 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_results_webinar

[twodegrees] 11/7/2024 20:40

Norman Broadbent PLC - London-based recruitment firm - Net fee income in first half of year down 14% on-year to GBP4.5 million. Underlying earnings before interest, tax, depreciation and amortisation expected to be in range of GBP100,000 to GBP150,000, down from GBP270,000 on-year. "Growth is rarely linear quarter to quarter, but there is no doubt that, as is the case across the entire executive search and staffing industries, we are navigating extremely challenging market conditions. However, this doesn't impact the confidence we have in our prospects. Therefore, while having been cost conscious in H1 2024, we have continued to invest, growing and upgrading headcount to ensure that the company is well positioned to capitalise on the recovery when it comes," CEO Kevin Davidson says.

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[qs99] 11/7/2024 06:35

well whoever sold yesterday, given v. little volume usually, day before a v. poor trading update? If that is not "sniffy" then what is please?

Looks like the £1m+EBITDA may have to be pushed back a year? Views?

DYOR

[gleach23] 10/7/2024 16:19

Well there's the late trade to explain the drop - 285,568 shares sold @ 6.15p

Edit - 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.

[qs99] 10/7/2024 15:55

thanks, good post. let's see...

[gleach23] 10/7/2024 15:29

Just noticed the 24% drop!

Bit unnerving considering the Trading Update last year was dated 11th July.

Although the Q1 update advised Q1 24 was 12% behind Q1 23, it was pointed out that last year was a record year and Q1 24 was still 47% ahead of Q1 22.

Dated at 1 month into Q2 24, the update also advised there had been a strong uptick in Q2 24.

Maybe it's a fund clearing out and there will be a late trade to explain the drop? That's what I'm hoping and just had a modest top up.

I guess we'll soon see. I don't have this down as a leaky share.

[qs99] 10/7/2024 14:59

Bit of a drop there. ANy views?

[gleach23] 07/5/2024 15:48

Hi twodegrees...it wasn't my intention to blow any trumpets. That said, as you allude to, how happy we are with share price performance depends on when we bought our shares.

[twodegrees] 07/5/2024 15:14

Gleach23, sorry I dont think it being up 75% is worth trumpeting as I have been here for many years and we are still well down in respect of the share price, which if we are doing so well, this needs to rerated and then we can trumpet the share price will be worth getting excited about.

[gleach23] 25/4/2024 13:03

The alternative glass half full view would be -

- Q1 last year was a tough comparative and quarterly NFI is prone to fluctuation
- Q2 has started strongly
- 5 new hires starting in Q2/Q3
- Overall trajectory remains positive
- They are still confident in achieving in excess of £1.25m EBITDA in FY25
- share price is up around 75% in the last year, even after today's minor dip

I stuck with it during the lows - even more reason to stick with it now imo

[1focusrite] 25/4/2024 09:15

Disappointing market update - Q1 NFI down 12% - this was not the tone set during the recent investor presentation in March... announcing a £1.25m EBITDA target by 2025 in the quarter you know you are 12% down on NFI - an now yet again announcing more spend / significant additional headcount costs ....

[qs99] 04/4/2024 05:26

Agreed, once 3% gone, the forced seller cleared, it can be driven by newsflow, hopefully positive! DYOR

[gleach23] 03/4/2024 21:07

Downing now down to just over 3%...pretty good going since they were at 14% on 22 Jan.

They will soon be cleared out and hopefully that'll allow for a run up to 15p over the summer.

We should have a H1 update in July and maybe even a Q1 update this month.

[twodegrees] 28/3/2024 17:17

QS99, it's good to see steady buying. I have been here for many years and this steady buying and share price rising is at last a most very welcome sight. Easter wishes.

[qs99] 28/3/2024 09:10

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

[qs99] 28/3/2024 08:51

Should be net cash by the end of this fiscal year, generating North of £1m EBITDA and growing IMO/DYOR

Re-rating of share price could allow all share deals or conservative use of cash to bolster business while continuing to organically hire/set up

Management have all to play for here, and IMO this should trend much higher....

DYOR

[twodegrees] 27/3/2024 21:33

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Norman Broadbent PLC, up 13% at 8.75 pence, 12-month range 4.50p-9.32p. The London-based recruitment firm swings to a pretax profit in 2023 of GBP309,000 from a loss of GBP338,000 in 2022. This tracks revenue rising 41% to GBP12.3 million from GBP8.7 million, partially offset by operating expenses rising 34%to GBP10.2 million from GBP7.6 million and cost of sales rising 21% to GBP1.7 million from GBP1.4 million. Chief Executive Officer Kevin Davidson comments: "We have taken the opportunity to invest further in the Company, hiring exceptional people and building our platform to take advantage of the market rebound when it comes. Our ambition remains steadfast and we will continue to pursue our aggressive growth strategy, whilst remaining profitable and cash positive, both organically and potentially through synergistic M&A opportunities...Supported by our considerable brand strength and market leading processes and technologies, we are well-positioned for continued success."

[twodegrees] 27/3/2024 21:31

In profit.....and with only 62m shares in issue, and 75% of those tightly held (including 7% by Directors), this has a MCap of less than £4m