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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 776 to 799 of 1000 messages
Chat Pages: 40  39  38  37  36  35  34  33  32  31  30  29  Older
DateSubjectAuthorDiscuss
30/10/2014
11:27
All revenue is "empty revenue" when you are making a loss.
rarther
30/10/2014
11:08
I note the appointment of Alex Phillips, who has worked in a strategic consulting firm, as Director of Strategy. Any other reason why Northamber, a plc chaired by David Phillips, has appointed Alex Phillips?
sleepy
30/10/2014
10:39
IF there are genuine grounds for optimism (and given losses of over £1 million in each of the last two years one would very much hope that there are) why didn't he give information on trading performance? He did say that "Good Debtors" (sic) are up 57%. Are sales up 57% or are customers taking longer to pay them? "Good Debtors" at year end were up 38% on the previous year despite second half sales being lower than the previous year.
sleepy
30/10/2014
10:17
The (only?) indicator as to performance in the nearly four months since year end for this company, which has lost over £1 million in each of the last 2 years, is that "Good Debtors" (sic) at 30 Sept are up 57%. David - don't you have a responsibility to shareholders to tell them what is happening?
sleepy
30/10/2014
10:11
Indeed, lots of waffle. But it's the most upbeat waffle we've had for quite some time ;-)
cwa1
30/10/2014
09:58
Hard to know where to start with so much waffle this morning For example the chairman keeps referring to avoiding "Empty Revenue" yet the gross margin has fallen from 7.6% last year to 6.8% this year
sleepy
30/10/2014
09:53
Hard to know where to start with so much waffle this morning For example the chairman keeps referring to avoiding "Empty Revenue" yet the gross margin has fallen from 7.6% last year to 6.8% this year
sleepy
30/10/2014
07:25
Interesting results this am. I wrote about NAR recently: hxxp://bargainpricedshares.blogspot.ie/2014/10/what-is-net-net-stock.html
liarspoker
22/10/2014
07:41
Early christmas of which year?This has shown up on my value search...Watching eagerly after noting glen, hybrasil & others' interest.
rarther
13/6/2014
09:04
And up again this morning
sleepy
12/6/2014
09:22
hybrasil - interesting how shares have moved since your post (Incidentally results I posted just above are from some years ago - some things havn't changed much unfortunately)
sleepy
11/6/2014
13:21
I have been in this share it seems forever. While I always believe that value will out- its taking an awful long time to come out here!
hybrasil
07/3/2014
14:16
Our trading caution, driven by the UK economy and associated trade credit risks and expressed within my statement on our first quarter's trading, materialized, in reduced sales of £68 million The resultant pre-tax loss of £304,000 (a pre-tax profit of £453,000) is an unavoidable consequence and our first reported loss in over 15 years or since the last UK recession. The amount of the loss was mitigated by £900,000 of further cost saving measures versus a year ago. The trend over our first half-year with turnover almost 30% lower, also reflected UK sector statistics for sales of commercial hardware I.T. equipment. Our product range largely encompasses discretionary corporate expenditure. The general and continuing uncertainty within the economy, and the market as a whole, remains the dominant feature of our marketplace. The importance of cash ensures Northamber is in a particularly strong position with the strength of our balance sheet and cash reserves. It has always been a primary feature of our management of the business that we focus on the conservation of our working capital. The current state of affairs within the industry and the country at large has once again shown this policy to be appropriate. Because of our financial strength and being able to offer both our suppliers and our customer's opportunities, the rate of gross margin is slightly better at 6.9% than when compared with 6.5% a year ago. Balance Sheet Our well established policy is to conserve working capital and that we have continued to do. After £4.437 million in share buy-backs, dividends and returns to shareholders, we retained cash reserves of £10.5 million. This compares with £11.8 million. Total net assets comparatively declined from 102p per share to 90p, and a current NAV £26.1 million down from £30.1 million the result of the above. Dividend With our very high levels of cash, this aspect challenged your board. It was decided to mitigate the dividend choice to one of a reduced 0.6p per share (1.2p per share) Outlook With our strengths in distribution, together with what is becoming an essential re-engineering of the current model, we are well placed to evolve better trading practices with our partners in the trading cycle, i.e. our vendors and customers to the benefit of us all. There seems little doubt that it may take some time before there is any noticeable upturn in the sector, therefore it would be wrong of me to be optimistic.
sleepy
07/3/2014
13:10
wakey wakey folks results out today :)
spob
09/12/2013
10:35
The AGM was very interesting. The six shareholders who turned up were invited to sit round a table with the directors and ask questions. Thus we gained some insight. Main points: recognition that the business consists of a property division plus a cash division plus a loss-making operating division. General pessimism about the prospects for the operating division (badly hit by tablets and smartphones, competitors operating at a loss year after year), but there are profitable pockets which can be nurtured. Therefore the approach is to keep eliminating unprofitable activities while exploring alternative uses for the property. Thus more losses may be made in the short run but there are potential capital gains. The property is worth more than the BS states (indeed, more than the market capitalisation). Cash holding need to be maintained to (a) avoid any dependency on a bank (b) reassure suppliers, especially those who do not purchase credit insurance for supplies to Northamber. This need for cash affects dividend and share buy back policy in the near term. But this may be eased over the next few years and higher dividends and buyback may be thought appropriate by the Board. There seemed to be agreement that gaining 1% on bank accounts makes little sense when shareholders could be handed the money to invest elsewhere in the equity markets. Chairman appreciated the praise about behaving honourably by taking a low salary at a time of poor performance. He referred to the suffering of those accepting redundancy and how distasteful it would be for him to take a big salary now. He has no plans for retirement. Chirman: 'I have no personal interest in taking this company private'. I hope this helps, Glen
profdoc
27/11/2013
09:18
I'll make some notes, and report back. Glen
profdoc
26/11/2013
12:16
i would be interested to hear what was said if you are thinking of going been holding since late 90's
feedthegoat
25/11/2013
09:49
Is anyone else going to the AGM? I intend to go and thank the Chairman for trying to preserve shareholder value in very difficult circumstances. I know what it is like to find yourself running a business with poor economics and then have to make people redundant to stop losses - very painful. As unprofitable activities are curtailed I would expect the value of the property+cash in Northamber to rise significantly above the current market capitalisation. Of course, if wholesale selling of tech becomes profitable, all the better. Just so long as we have someone at the helm who understands the importance of not throwing good money after bad and who treats minority shareholders well, I'll hold on, and lend David Phillips my support.
profdoc
25/10/2013
14:18
Shares up 50% in the last 2 months, most of the increase this week. How much do they have to go up before company issues a statement?
sleepy
25/10/2013
07:00
Well yes, you'd hope so in a reasonable world, but David Phillips does own >61% and it wouldn't take much to get the additional 14%.
gingerplant
24/10/2013
19:48
Minimum 50p if that were to happen...
diku
24/10/2013
16:29
MBO at 42p perhaps (complete guess)?
gingerplant
07/10/2013
19:06
Pretty awful results and a poor outlook. No sign that they'll look to pack it in and preserve shareholder value. Unless something drastic happens here these are only going to get cheaper IMO.
arthur_lame_stocks
07/10/2013
11:01
Heading back down on this grim outlook I would have thought...............
chrisdgb
Chat Pages: 40  39  38  37  36  35  34  33  32  31  30  29  Older
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