Northamber Share Chat (NAR)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Northamber Plc	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	28.40p	29.00p	17,803	08:00:10

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 901 to 924 of 925 messages

Chat Pages: 37 36 35 34 33 32 31 30 29 28 27 26 Older

Date	Subject	Author	Discuss
08/3/2019 19:42	article at Cube.Investments: hTTps://cube.investments/northamber-reminds-us-why-deep-value-is-so-difficult-nar/	rndm355	Read Full Thread Reply
08/3/2019 10:04	Half-year results: Brexit or poor strategic positioning in the market??	profdoc	Read Full Thread Reply
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.	cjohn	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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

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