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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
  0.00 0.0% 72.50 70.00 75.00 72.50 71.00 72.50 89,618 08:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 52.8 9.9 31.2 2.3 20

Northamber Share Discussion Threads

Showing 651 to 674 of 1000 messages
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DateSubjectAuthorDiscuss
05/10/2010
22:59
Well Sleepy,enjoy the ride!This is never going to multi bag but we could all be pleasantly surprised on the upside. A slight improvement in operating margins on that massive £136mln turnover. regards
rainmaker
05/10/2010
16:36
Yes Rainmaker I am a holder.
sleepy
04/10/2010
10:19
Marvellous, a purchase of just 8716 shares at 57p-they had to pay outside the 50/55p spread.More of the same please. Don't know if it's the Company again but this is such a thin market the share price could really fly from current levels-we're just a small premium from net cash. regards
rainmaker
29/9/2010
11:37
Thanks Sleepy,are you holding Northamber? As per previous message there's a real sense that Investors could be creating their own luck here-a slight improvement in Northamber's operating performance would send the share price substantially higher. They've made substantial cost savings over recent years and keep tight credit controls. Maybe there will be further share buybacks and the price gets to 70/80p then goes nowhere but.......... In any event I'm sure this isn't going to multibag because they operate in a fiercely competitive industry but holders could nevertheless be very pleasantly surprised.I feel competitive pressures will ease because their competitors,post recession, will be more concerned about margins than turnover short term. regards
rainmaker
29/9/2010
08:37
Rainmaker - well done on Volex
sleepy
29/9/2010
00:13
Thanks OB-Just doing some back of the envelope calculations for Northamber and with regards to cost of equity and them making a "meaningful profit".Which I would define Northamber making a profit in excess of their cost of capital. So I have calculated that they need to make 4.46 eps or just under £1.3mln net income to justify a share price equivalent to their net asset value of 88.4p. At face value, this might seem a tall order for Northamber but then appreciate that we are in a low interest environment then look at their performance in the last six months and realise that to achieve that target figure they just need to double those earnings over the next year.Also earnings are at a low ebb and if Northamber can generate a miniscule improvement of return on sales from their massive £130mln+ annual turnover then that figure is easily achievable. There is a real sense here of creating your own luck, of being in the right place at the right time. That may strike a chord with some Investors or it may not.Ben Graham once stated a good investment was a good speculation in that if a share's downside was limited, by definition it must have good potential upside.I have absolutely no idea where the share price will be in three/six months, or 1/2 years time but given the fact you are buying Northamber's shares for it's net cash presently,and getting it's earnings and assets for free, I am very confident it will be higher.I sold the last of my Volex(VLX) holdings today-I started selling 9 working days ago and although I expected the share price to do very well when I was buying in late 2008/early 2009 never in my wildest dreams did I believe I would make up to 16 fold gains on my positions. regards
rainmaker
28/9/2010
23:49
Rainmaker - not all of the 4 biggest shareholders are linked to Directors
sleepy
28/9/2010
15:08
RM - the price is largely irrelevant as you cannot buy or sell in volume at it. Basically the management have to finally decide what they want to do with the company - either find a buyer, take it private or wind it up. They have been in limbo making no meaningful profit - and certainly not a decent return on capital employed - for years now (at least 7 since I started following) - and they are all getting on and past retirement age.
old boy returns
28/9/2010
14:31
Hi OB,the problem is that the four largest holders hold 77.4% and I believe that they are directors.Certainly the Chairman holds in excess of 50%. Nevertheless even a 5k purchase moves the price in this thin market. regards
rainmaker
28/9/2010
14:07
NAR buying back a measily 5k shares is neither here nor there really and makes bog all difference to NAV / share. If they are serious about buybacks they should approach some large holders and ask what they would accept and then see if it makes sense.
old boy returns
28/9/2010
13:33
Fair comment R, they can have mine at an even more generous discount of 80p too if they want them. As you say, musn't be too greedy.
cwa1
28/9/2010
13:08
I'm not too greedy, I was looking for ballpark 80p per share but there's a generous dividend to keep us company whilst we wait-it was recently raised 40% regards
rainmaker
28/9/2010
12:52
They can have mine at a generous discount of 85p ;-)
cwa1
28/9/2010
12:44
.................and share buy backs benefit nobody more than the management who own the majority of the shares. regards
rainmaker
28/9/2010
12:31
5k bought at 53p recently was the Company buying for cancellation. Remember any shares bought at less than 88.5p net asset value benefits all shareholders by boosting net asset value, eps and reduces the dividend bill.It will also support the share price.So let's hope we'll see further buybacks. regards
rainmaker
27/9/2010
23:33
Just to correct a mistake in my previous post-net working capital is in fact 79p a share. regards
rainmaker
27/9/2010
13:34
I'll double check but I believe that net working capital is 75p a share and net asset value 88.5p regards
rainmaker
27/9/2010
12:13
Just got to be a little patient but the value is definitely there regards
rainmaker
27/9/2010
11:58
Always nice to see a little tick up.
cwa1
27/9/2010
11:46
very thin market in Northamber with NMS 5k shares(normal market size-the minimum number of shares a market maker must deal in at the advertised bid or offer)so even small purchases have a disproportionate effect on the share price eg Northamber has risen 4% today on one single purchase at 53p for just 5k shares. regards
rainmaker
27/9/2010
11:38
Up again at 50/55p and count on chart is to 72p, about 38% higher from current level.A 50%+ technical retracement from March 55p high down to 38p then 17p move added to 55p high. regards
rainmaker
24/9/2010
12:47
doesn't look like the Company were responsible for the 20k purchase. It would be interesting to hear why Northamber aren't buying back it's shares for cancellation. I believe there will be a trading update in November. regards
rainmaker
21/9/2010
11:38
20k bought at 53p this morning, I wonder if that was the Company buying back it's shares for cancellation? regards
rainmaker
21/9/2010
11:19
thanks OB- I remember your comments on another NAR thread.I don't think that a lack of sellers is a problem. A share buyback would have a dramatic effect on the NAR share price. Just look at the share price performance of similiarly thinly traded Character Group.Of course buy backs at less than net assets of 88.5p? currently would be in everyone's interest-since it would boost eps and nav, cut the dividend bill and be the tax efficient way NAR could return value to shareholders.The Company have already remarked on the large disparity between the current share price and net assets so there could be a problem with free float. I'm optimistic re Northamber share price short term as the Company is making money at an operating level and are experiencing a recovery in it's markets.It's current rating is so low that even a further modest pick up in business could easily send the share price 30/40p from current levels.Lack of capital expenditure will simply means it's cash pile will keep growing. I feel that short term competitive pressures will ease for reasons already mentioned. This share won't multibag I'm sure of that but I am confident there is a good profit to be made from current levels over the next six months. regards
rainmaker
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