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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
  2.50 3.47% 74.50 72.00 77.00 74.50 72.00 74.50 16,753 08:00:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 52.8 9.9 31.2 2.4 21

Northamber Share Discussion Threads

Showing 901 to 924 of 1000 messages
Chat Pages: 40  39  38  37  36  35  34  33  32  31  30  29  Older
DateSubjectAuthorDiscuss
01/7/2019
15:26
I guess the cash will be part used to acquire a smaller warehouse after two years. And then it just sits losing money for a few more years. Why he doesn't just wind it up is entirely beyond me.
eezymunny
01/7/2019
15:01
I managed to buy a fair amount between 40 and 50p, having sold out a small holding at break even at 29p sometime ago. My doubt about buying at these higher prices - above 50 p - is that there's no mention of a special distribution. And the management have not been attuned to shareholders' interest at all. I make net tangible asset value of just under 100p per share, with net cash of around 70p. The business in itself is worth something perhaps - if taken over; but that's highly unlikely to happen given management's control of ownership.
cjohn
01/7/2019
14:54
All good things ...
spob
01/7/2019
14:48
Capnis £15m now. Not much headroom.
tidy 2
01/7/2019
14:42
Funny how last Friday buys of 17k and 30k...what did they know of this RNS coming out today?...I am suspicious...
diku
01/7/2019
14:35
£1 first stop for profit takers if they’ve got the bottle
cudmore
01/7/2019
14:30
Http://uk.advfn.com/p.php?pid=nmona&article=80242652
spob
08/3/2019
19:42
article at Cube.Investments: hTTps://cube.investments/northamber-reminds-us-why-deep-value-is-so-difficult-nar/
rndm355
08/3/2019
10:04
Half-year results: Brexit or poor strategic positioning in the market??
profdoc
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
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
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