Northamber Share Chat (NAR)

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%	29.00p	28.00p	30.00p	29.00p	29.00p	29.00p	1,000	08:00:00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Technology Hardware & Equipment	58.1	-0.5	-1.7	-	8.17

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

Date	Subject	Author	Discuss
12/10/2018 16:58	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	Read Full Thread Reply
22/9/2018 09:50	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	Read Full Thread Reply
21/9/2018 09:10	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	Read Full Thread Reply
20/9/2018 17:49	I see more shareholder value has disappeared in the second half.	arthur_lame_stocks	Read Full Thread Reply
20/9/2018 09:21	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	Read Full Thread Reply
17/4/2018 16:34	Or a sense of humour.	cjohn	Read Full Thread Reply
15/4/2018 18:23	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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
06/11/2017 22:03	Buying here is like supporting insiders lifestyle...plod along & hope for the best..	diku	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
03/11/2017 08:16	same old story here.	battlebus2	Read Full Thread Reply
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	Read Full Thread Reply
09/10/2017 21:58	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	Read Full Thread Reply
30/8/2017 08:46	I agree, Arthur. I take a look at these every year and always decide against.	cjohn	Read Full Thread Reply
09/4/2017 14:20	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	Read Full Thread Reply
27/3/2017 09:49	That really is strange. Everyone that wants to sell must already have done so and only left with the hard core holders!	cwa1	Read Full Thread Reply
27/3/2017 09:40	At the time of writing the quote on this stock has gone up! What!!	netnut	Read Full Thread Reply
27/3/2017 07:41	Another bloody awful set of results with the chairman asking for patience!!	hybrasil	Read Full Thread Reply
29/12/2016 21:14	Buying here is like paying for insiders lifestyle!...	diku	Read Full Thread Reply

Chat Pages: 36 35 34 33 32 31 30 29 28 27 26 25 Older

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