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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 926 to 949 of 1000 messages
Chat Pages: 40  39  38  37  36  35  34  33  32  31  30  29  Older
DateSubjectAuthorDiscuss
14/11/2019
15:21
They are probably looking at acquisitions.
hugepants
14/11/2019
13:55
Until it all disappears in operating losses.
arthur_lame_stocks
14/11/2019
13:36
free money
spob
14/11/2019
11:04
My estimates NAV = 90p Cash = 64p Net working capital = 84p Loss per share = 2p Fixed assets contain more property (probably undervalued)
hugepants
14/11/2019
10:57
Finals out. https://www.investegate.co.uk/northamber-plc--nar-/rns/final-results/201911140700053401T/ Looks pretty much more of the same operationally. However assuming CJohn is correct with the £2M estimate of the cgt liability on the property sale then discount to cash alone is about 25% now?
hugepants
22/10/2019
09:54
A tax credit, you mean?
cjohn
24/9/2019
20:44
Excuse the fact that I act a bit dim at times but can anyone explain why this company doesn't get a tax refund when it makes a loss? TIA
ntv
13/9/2019
20:07
Final results were September 20 last year
spob
04/7/2019
15:30
One factor none of us have mentioned is tax. Ugh. GBP10 million profit on warehouse sale. So around GBP2m to go to HMRC.
cjohn
04/7/2019
14:41
Not investment advice, there is no mention of cash return, but David Phillips owns most of the company, runs it prudently, despite the difficult market conditions in their niche area, from memory he barely even pays himself a salary. His words do not seem to be in support of shareholders, but maybe his actions are... anyway, each to their own, we’ll find out eventually.
tokyojoe007
04/7/2019
14:13
What does NIA mean - now invest aggressively? If there was a capital return then this would be worth approximately book value. No evidence of a capital return, so it’s not. Funds here are tied up for an unknown length of time.
rndm355
04/7/2019
10:39
So given they have specifically mentioned these two freehold properties, i guess there is significant value in that office perhaps a few more million to add on to the real NAV
spob
04/7/2019
10:36
Fixed assets at book value of GBP7.8 million at 31st December, including two unencumbered freehold properties. One of these properties - the warehouse - with a book value of GBP6.0 million has been sold. So the máximum book value of the other is GBP1.8m. This suggests it's an office.
cjohn
04/7/2019
08:42
it must be significant or they wouldn't of mentioned it
spob
04/7/2019
08:41
Good point, i'm not sure will see if i can find out if anyone else knows for sure, please share
spob
04/7/2019
07:47
Spob Is it another warehouse or is the other property the head office?
hybrasil
03/7/2019
08:57
In the last interim report they said .... Financial position Maintaining our prudence in financial matters, our working capital management is reflected in the Net Current Assets ratio which at 2.6 times (2018: 2.0 times) is a healthy improvement. Free Cash was GBP2.9 million at 31 December 2018 compared with GBP2.2 million at 31 December 2017. With Fixed Assets at book value at GBP7.8 million, including two unencumbered freehold properties whose value is, in the Board's strong view, in excess of book, the Company's overall financial position is sound.
spob
03/7/2019
08:39
Yes, they've struggled for years to break even as a distributor. Then make thumping profits flogging off their warehouse.
cjohn
03/7/2019
08:15
They also have another warehouse which they have previously said is worth significantly more than as recognised on the balance sheet I too have increased my holding at approx 46p
spob
03/7/2019
07:27
They should probably give up PCs and go into property trading. That is a stunning return in the period since 2012. They have consistently made losses in the core business in that time. I had a look this morning at the RNS when they bought it.At that time they were paying rent of £601,000. They are only paying £175,000 pa for the next two. What is their other property worth? Very substantially more than book. The business has completely changed. Look at their 1999 turnover compared to today. I suspect they will buy back some more shares. Over the last 19 years they have bought back about 5 million shares.
hybrasil
02/7/2019
15:31
hi, hybrasil, given that there's around 70 p net cash per share, I've bought some more today at prices around 44-45p ie at just under 2/3rds net cash. I'm amazed to see the price back down to what I paid yesterday. This valuation is very miserly to say the least; it really does heavily discount the management's failures at capital allocation. At the very least, we could hope for a special dividend. (45p for example would still leave a large amount of net cash on the balance sheet.)
cjohn
02/7/2019
08:36
If anyone spots any indication of rational capital allocation by the directors please let me know - in the meantime trust is in low supply.
profdoc
02/7/2019
07:16
I have been a shareholder for about 15 years. Value will out was one of my main reasons for investing. How wrong I was Even today after yesterday's news you can buy this for about 65%?of asset value. How rare is that
hybrasil
01/7/2019
16:01
Yes, quite right, Eezy Munny
cjohn
Chat Pages: 40  39  38  37  36  35  34  33  32  31  30  29  Older
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