Norman Broadbent Share Discussion Threads

[a2584728] 11/7/2016 09:06

I think this will be taken over very very soon.

[twodegrees] 20/6/2016 15:11

battlebus very good synopsis to start the thread but like you I see progress but it could be a few years before we see the real benefits.

[battlebus2] 19/6/2016 16:30

Started a new thread spooky if you want to use it. I think Mikes an excellent choice and from what I'm hearing he's going down well with staff and clients.

[spooky] 19/6/2016 16:22

Do we think Mike Brennan is the right man to make the difference going forward. Not convinced looking at his track record. Any thoughts?

[battlebus2] 19/6/2016 12:31

I think this company is at a new beginning so i've started a new thread....

[battlebus2] 17/6/2016 21:43

Very pleased to see the directors also buying shares,

Mike Brennan has spent £10k buying 90k and late Friday it was announced that CFO James Webber has bought 40,000 shares.

All very positive signs imv.

[battlebus2] 17/6/2016 21:43

I've started a new thread for NBB as I believe fortunes are changing . It's been a torrid few years of loss making at Norman Broadbent which has resulted in a share price of 12p mid and a market cap of only 2 million. When they were bought over the original vendors paid 5.5 million. Group restructering which is on going but I believe is now starting to bear fruit. Positive signs of this are the reduced losses for 2015 with losses down from 823k in 2014 to 190k now, more evidence of this was the snippet included in the results which said that Q1 2016 has turned a small profit. Also as a positive revenues have increased17% to 8.6 million, operating expenses are down 8% at 7,087,344, this I believe gives lots of headroom for further cuts to come in what is a much streamlined business.
Some negatives including a loan note for 350k at 12% which matures in October 2017. Cash balances of 448k Y/E 2015. Capital losses carried forward amount to 8 million and trading losses amount to 11.8 million.
Share options have been issued equating to 21% of the share capital at a price of 13.5p, these are exercisable between 22p and 70p so quite a premium. Scales Bentley the chairman states...if the aggressive targets are reached this will result in significant returns to all stakeholders. Although its quite a dilution I tend to agree with him.
Mike Brennan has been appointed new CEO which looks a very wise move given his background, word on the ground says he's already made a healthy impression.
Norman Broadbent has also appointed a new Interim Head of Talent.
Steven Salter joins from Hamilton Bradshaw Group, where he served as Interim Talent Director. Not a share for everyone as its illiquid , big spread and recovery is at a very early stage but rewards could be big if like me you think this maybe a low point for the companies share price..As ever dyor only my musings etc.

[battlebus2] 17/6/2016 21:43

Norman Broadbent plc (formerly Garner plc) was created as the result of a reverse takeover of a listed Plc in 1998 by Garner International. Building on substantial growth over recent years, the Board of Garner Plc completed the acquisition of the long established search brand Norman Broadbent in December 2008 to provide the Plc with a global footprint. As a leading provider of executive search and leadership consultancy services, Norman Broadbent operates at the very senior end of leadership and talent identification at board level. In December 2010 Norman Broadbent Plc acquired the business and assets of HADIL: Human Asset Development International Limited (HADIL), the established and highly-regarded provider of psychological assessment, talent audit, executive coaching and applied research services. HADIL remains separate from the executive search services provided by the Group in order to present an independent and objective consulting offering.

[twodegrees] 16/6/2016 16:17

good to see director buys

[battlebus2] 10/6/2016 17:14

New appointment at Norman Broadbent...

[battlebus2] 03/6/2016 19:25

LOL lets hope this one will be, won't take too much to swing these into a profitable co, also has 480k cash and a m'cap of 2.3 million. Has risks as with any micro cap, 980k borrowings due within 1 year. I know after GAH I said no more risky stocks but I couldn't help myself with this one. Once Mike Breenan gets his feet under the table so to speak we should see a great future. Imvho. DYOR etc

[pj 1] 03/6/2016 19:05

Can anything ever, with a name 'Norman', become successful? :-//

[battlebus2] 03/6/2016 10:11

Yes very pleased indeed with this mornings results, so much so i've added a few...

[fillipe] 03/6/2016 09:25

Results not showing on Investegate, which is very odd - they were out at 0700hrs today.

f

[fillipe] 03/6/2016 09:10

Just spotted results are out - I'll see if I'm right or wrong with how they look....

f

[fillipe] 03/6/2016 09:09

Results are due any day and a new high profile CEO was recently appointed.

Little stock on offer here, so if the result - and more importantly, the outlook statement indicates a likely turnaround situation of the moribund NBB business, then there would be some really weighty share price action, I'm sure.

f

[a2584728] 03/6/2016 08:06

This all sounds rather more promising.

[twodegrees] 17/5/2016 16:08

is this anything to do with Michael page rising...and sentiment changing...

[twodegrees] 17/5/2016 15:34

why the sudden trades

[fillipe] 16/5/2016 12:44

11.75p paid for just 10k shrs - it only takes a few of suchlike to see a sharp uptick here.

f

[battlebus2] 13/5/2016 18:57

New lows....

[twodegrees] 26/4/2016 14:41

why do we keep seeing odd sells of 6, 7 8 or 10 shares, surely the cost of selling is more than the shares at worth...I do not understand...someone explain please.

[a2584728] 26/4/2016 10:01

Scaines Bentley has not served the company well imho.

[a2584728] 26/4/2016 10:00

New CEO and acquisitive so there may be some life in this yet.