Norman Broadbent Share Discussion Threads

[battlebus2] 01/9/2016 07:23

You can buy today at 10p so not far from the 9.5 placing.

[a2584728] 01/9/2016 07:08

They are not the most moralistic of directors are they?

[battlebus2] 31/8/2016 14:25

I understand your frustration but hope/ expect this to be the bottom.

[twodegrees] 31/8/2016 14:17

battlebus why should it have dropped..it was picking up nicely, now we have more dillution and the fat cats reap the reward...poor show in my opinion. I have been her from the days of constellation and sitting on a huge loss, I cannot see the point on averaging down as every time I have done this another share placing appears on the horizon.

[battlebus2] 31/8/2016 13:45

Well i was disappointed at not being able to partake either that's why i mentioned it but in the grand scheme of things it will help all shareholders in time.

[twodegrees] 31/8/2016 13:44

why would directors buy at 12.72p early august to then face this. Was it a way of trying to encourage a false price.

[twodegrees] 31/8/2016 13:43

battlebus I disagree, why are share holders not allowed to subscribe, the share price seems to have been manipulated lower so that they could get this share placing done and the long term holders her get nothing for loyalty...

[battlebus2] 31/8/2016 09:58

Good to see the placing for £2.3 million at 9.5p, should help towards sustained profitability by end 2017...not an open offer to the public though but goes some way to explain the recent drop imv.

[battlebus2] 12/8/2016 07:12

Continuing to drop unfortunately......

[battlebus2] 10/8/2016 14:47

I agree fully, no buyers so the mm's will drop the price every time. Not sure what has happened since Brexit but I'm optimistic over the long term. Not adding myself until the next update.

[twodegrees] 10/8/2016 14:19

director bought 40000 at 12.72p on 17.07.16 surely he would not buy that amount if he thought this was going tom drop back to where it is today...no market, people on holidays any sell is marked down heavily as no buyers to take up the slack....anybody agree with this. r

[battlebus2] 10/8/2016 14:05

Don't think we will see a bid until the company is back on track. Could take a year or so but as ever this is a long term buy / hold imv.

[a2584728] 10/8/2016 12:56

Where is this bid Scaines

[battlebus2] 18/7/2016 15:43

Someone has been nibbling a few lately and opened the spread to nearly 40%. Not sure how Brexit will effect us going forward as some recruiters have reported slippage. Happy to hold long term.

[twodegrees] 13/7/2016 20:24

no good to me A2584728 I need 80p.

[a2584728] 13/7/2016 20:09

26p runners and riders are unknown to me

[twodegrees] 13/7/2016 14:13

A2584728 who do you think might be in the running for it and what is a fair price as this is a long way from highs last seen many years ago

[a2584728] 11/7/2016 08:06

I think this will be taken over very very soon.

[twodegrees] 20/6/2016 14:11

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 15:30

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 15:22

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 11:31

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

[battlebus2] 17/6/2016 20:43

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 20:43

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 20:43

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.