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Share Name Share Symbol Market Type Share ISIN Share Description
Northamber LSE:NAR London Ordinary Share GB00B2Q99X01 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 29.50p 28.00p 31.00p 29.50p 29.20p 29.50p 0 08:00:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 58.1 -0.5 -1.7 - 8.31

Northamber Share Discussion Threads

Showing 876 to 900 of 900 messages
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
DateSubjectAuthorDiscuss
03/12/2018
09:23
Last week, I took advantage of a miniscule tick up in price to sell my tiny holding. Overall, after dealing costs, I made a profit of 12 pence. However, this doesn't include a wage for time spent thinking.
cjohn
22/11/2018
10:12
Thanks Arthur, I looked at LDSG, I can see the asset play attraction, someone once said there’s brass to be made in the rag trade, but perhaps that was before globalisation and wafer thin margins on fabrics from intense competition, not to mention a complex legal entity structure at Leeds. Nar have similar pricing pressure but I think i’m more comfortable in the potential margins of higher end tech and AV equipment. I also wonder if NAR are underplaying the valuation on their warehouse and HQ, I saw an article joking about their planning proposal for apartments with a view of an industrial estate, whilst that’s true a google view will show that the flip side of that property backs directly onto a large green belt park/sports pitches. In those areas of London, there would be considerable demand for residential property. The distribution arm itself (with warehouse facilities) must also have some value for another distie looking for their supplier relationships and clients, specifically in the U.K. to pull a percentage point in synergistic cost reduction. Time will tell, NAI...
tokyojoe007
15/11/2018
16:39
I used to hold these shares for the same reasons as others, the discount to NTAV and the quality of those assets, however I got fed up with watching that value disappear year after year and sold out. Until the controlling family see sense and take steps to realise the value I can't see any reason to hold these. Personally I would buy LDSG if I were looking for this sort of stock as although that doesn't pay a dividend and the assets are not quite such high quality it has at least been consistently profitable for some years and is on a fairly modest valuation as well as a large discount to TNAV.
arthur_lame_stocks
15/11/2018
15:26
Agree from a capital allocation perspective, though first time they have taken such an action since 2012, despite a similar discount to NAV throughout those 6 years, to purchase for cancellation (multiples of the amount 6-7 years ago) so soon after the new investor purchases a large stake, sounds interesting to me..... if they’re just about returning towards profitability, on top of the asset play, which is cash and properties, then might be an interesting next few years. Well aware people have been saying that for a decade, so no advice intended, GLA
tokyojoe007
12/10/2018
15:58
From a point of view of capital allocation, it makes sense for the company to buy back its shares, which are trading well below intrinsic value on tangible asset grounds. Doing so, increases the discount to tangible asset yet further. But there's the rub: this is an asset play with a poor business - well-run, but in a declining and over-competitive sector - attached to it. Value could be realised for shareholders by realising that asset value. Sadly, it seems the director who counts is blind to that. Regarding Michael Chadwick: he's made the same calculation that anyone buying in here makes. The heavy tangible asset backing provides a backstop to the share price; a catalyst to upside may materialise. I'm a holder here; but only a tiny one. I'm currently sitting on a 1% loss.
cjohn
22/9/2018
08:50
It’s a strange one this.... no mention of post year-end, including the 4% share purchase of multi-millionaire Michael Chadwick (founder Irish builder Grafton fame)... or what might have been a defensive play by Phillips in purchasing £250k of their own shares by the company for cancellation. Prepared to spend £28k on dividends, yet 10 times that amount of company cash to buy back shares. A CEO who takes every opportunity to talk down the shares (Brexit, recruitment costs, Margins etc) quite the motivator for his numerous staff. Does any one have any idea what Chadwick is doing making such an investment? NIA and DYOR
tokyojoe007
21/9/2018
08:10
The degree of value destruction from this point depends on the psychology of the only director who counts. After all these years of losses he still thinks the strategy is OK.
profdoc
20/9/2018
16:49
I see more shareholder value has disappeared in the second half.
arthur_lame_stocks
20/9/2018
08:21
At the half way point in the year, and before the overly protracted Brexit confusion, with a single EU negotiator able to enjoy the mob confusion offered by our own side, I was able to be more optimistic about the near term than currently possible.
ben value
17/4/2018
15:34
Or a sense of humour.
cjohn
15/4/2018
17:23
Well net assets were nearly £25m 7 years ago, now less than £18m. They called losing £200k at the interim stage an achievement. Kind of shows the extent of their ambition.
arthur_lame_stocks
19/3/2018
12:16
Yes, you're right, Arthur, there are better plays around. Having said that, I still think the risk-reward profile is attractive here. So I've dropped a very small amount of money in.
cjohn
18/3/2018
15:40
I've held these in the past but can't honestly see any point in buying the shares at the moment. The family appear to have no desire to realise asset value for shareholders and are content to let the business gradually eat up the assets. I suppose the last results were a bit better but still loss making. If they return to some sort of profit i'd reconsider but I reckon there are better asset plays around.
arthur_lame_stocks
18/3/2018
15:12
Hi Hybrasil, Did you/ make money on that original trade? I bought in here with a very large holding about 14 years ago at around 50p - when it was still a profitable company - and got out at around 100. Sincé then the company's been in slow decline and I've never been tempted till now. . A few years ago they started mentioning their freehold property's potential, but nothing ever came of that.
cjohn
12/3/2018
11:19
CJohn Timing is everything. I first thought as you did 10 years ago when I bought here. For both our sakes I hope you are right!
hybrasil
12/3/2018
10:03
I have taken a small position here. If the improvement in trading continues, there will be considerable upside. Should they revert to their habitual slow trading decline, there is very strong donwside protection at current price, with the discount to net current assets, and the freehold property, and no debt. So at these prices, there's a more than 50% chance of a small loss or sideways share price movement, but a smaller chance of a much more significant gain.
cjohn
06/11/2017
22:03
Buying here is like supporting insiders lifestyle...plod along & hope for the best..
diku
05/11/2017
14:55
But they are themselves shareholders and large ones at that. Their lack of strategy is against their own interests. This is a classic value trap. To be avoided....... at current prices, at least.
cjohn
03/11/2017
13:19
Perhaps they think they've all got jobs for as long as they want them, at a cost to the shareholders of course.
netnut
03/11/2017
09:00
It's so sad to see the same blinkered "strategy" losing another £1m of value - so much complacency, so little quality thinking by the board. Is there nobody who can make David see alternatives? I tried - and failed.
profdoc
03/11/2017
08:16
same old story here.
battlebus2
03/11/2017
08:00
" Based on the continuing strength of the group's debt free tangible asset base, the board is proposing to pay an unchanged final dividend of £0.1 per share " I assume the directors here do know that 0.1 pounds = 10p idiots
spob
09/10/2017
20:58
Think the idea is to drive the price lower so the family can just buyout the remaining shareholders on the cheap...external shareholders seeing price going down becomes a self full filling prophecy....
diku
30/8/2017
07:46
I agree, Arthur. I take a look at these every year and always decide against.
cjohn
09/4/2017
13:20
I sold out of these some time ago for a tiny profit, nearer breakeven really. There seems to be no point buying these shares whilst the family are happy to keep running down shareholder value on a failing business. I thought when they recruited a Director with a property background they were maybe coming to their senses but it doesn't now seem so. I'll keep watching for a change in stategy but I'm not tempted to buy back in even with the large discount to some quality assets. Arthur
arthur_lame_stocks
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
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