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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Northbridge Industrial Services Plc | NBI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 198.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 198.00 | 198.00 |
| Top Posts |
|---|
Posted at 27/4/2022 09:12 by x54v Treeshake to source shares for the company buyback plan?MMs sold shares (by going short) to NBI at 198.62 then dropped the price quickly to get some sellers so they could buy back their short at a lower price perhaps. |
Posted at 22/4/2022 10:04 by owenski NBI @ 7.15 |
Posted at 18/4/2022 13:07 by gleach23 Yes, thanks for highlighting NC. It's been a few trading days since the tip and it's publicly available now so here it is in full."A key indicator of a company’s ability to create shareholder value is how its return on investment (ROI) compares with its cost of capital. The trick is to identify companies that are growing organically, and cover the blended cost of debt and equity to deliver an excess return. A good example is Northbridge Industrial Services (NBI:176p). Having sold off its non-core Tasman tools drilling operations, the group is focused on Burton upon Trent-based Crestchic, a fast-growing business that manufactures, sells and rents load banks and transformers to domestic and international customers for the commissioning, testing and maintenance of independent, off-grid power sources. The accelerating transition from fossil-based energy sources towards cleaner renewable energy (12 per cent of sales) is leading to a proliferation of smaller energy generators whose sites require commissioning and connection into distribution networks. This is driving higher demand for testing both the primary and backup generators to ensure the resilience of supply. Northbridge is a major beneficiary. The group is also expanding its geographic penetration and range of products and services supplied to the rapidly growing data centres market (30 per cent of sales). Crestchic’s rental revenue surged a third in 2021, and it plans to invest £4mn in its hire fleet this year. Crestchic buoyant demand drives upgrades Annual revenue up 20 per cent to £29.5mn Underlying pre-tax profit surges eightfold to £3.3mn (10 per cent beat) Analysts at Equity Development upgrade 2022 and 2023 EPS estimate by 12 and 11 per cent to 12.4p and 13.8p, up from 9.3p in 2021 Annual dividend of 1p a share expected to double in 2022 Cash from disposal of Tasman Drilling to be recycled into new hire rental fleet and factory expansion Such is demand for Crestchic’s load banks that the group started the year with a record order book of £8mn and is scaling up manufacturing capacity by 60 per cent. The 25,000 sq ft expansion of its Burton-on-Trent facility completes in June and means that current lead times of 22 weeks could be halved by the year-end. The benefit of longer than average lead times is that management can factor in higher input costs in the prices charged to customers in a tight market. The inflationary backdrop is working in the group’s favour, too, given that Crestchic has a £6mn hire fleet that cost £30mn (and is insured for £40mn). Disposals of hire fleet equipment is regularly at double book value, or more. So, with revenue from higher margin hire rentals surging to account for £15.5mn of annual revenue of £29.5mn, gross margin improved from 44.9 to 47.2 per cent which, on a relatively fixed cost base, resulted in underlying operating profit soaring from £1.8mn to £3.8mn. That equates to an 18 per cent ROI, well above Northbridge’s 12.5 per cent cost of capital. It doesn’t take a genius to work out the returns to be made by recycling £4.5mn disposal proceeds from Tasman into additional hire fleet capacity and the £2.2mn manufacturing facility expansion. During our results call, chairman Peter Harris also highlighted the group’s expansion plans. For instance, Crestchic has signed a lease on a new rental depot in Texas and has a supply agreement in place with a US manufacturer, Mosebach, for the purchase of a fleet of smaller load banks targeted specifically at data centre testing. Importantly, demand for the sale of equipment into the USA remains robust, thus offering additional growth opportunities as manufacturing supply constraints from the UK ease with the factory expansion. The shares are up 40 per cent since I initiated coverage ('Alpha Report: A high-growth play on the battery storage boom’, 7 September 2021), and have outperformed the FTSE Aim All-Share index by 18 per cent since my last article (‘High-growth play on decarbonisation, battery storage and data centres’, 1 0ctober 2021). I expect the outperformance to continue, so much so that I am lifting my target from 200p to 220p which equates to a 2023 price/earnings (PE) ratio of 16. Buy." |
Posted at 07/4/2022 22:10 by gleach23 NBI results in 5 days? ie 12th April |
Posted at 07/4/2022 13:09 by napoleon 14th Soon to be Crestchic, NBI results in 60 days per Sharepad.The 24.19p hoped for in 2010 would be useful in 2022!... |
Posted at 11/3/2022 08:06 by edmonda Agreed robert : with an update on positive trading plus intention to change name and pay a dividend, Northbridge has set out detailed plans for expanding Crestchic at a Capital Markets Event. Note Director buying too.Read new note out today from Equity Development, free access here: |
Posted at 04/3/2022 15:48 by brummy_git Justin Waite & I of Vox Markets discussed NBI here today (starts 55:05).www.voxmarkets.co.uk |
Posted at 20/2/2022 13:53 by brummy_git Worked fine for me. Here's another URLwww.linkedin.com/pos |
Posted at 20/2/2022 12:50 by brummy_git Following Friday's positive trading update, I've raised my valuation for Northbridge Industrial to 244p/share vs 175p todayFind out all the news, commentary & numbers here. www.linkedin.com/pos |
Posted at 13/1/2022 07:40 by brummy_git Encouraging update today from Northbridge Industrial wrt its current trading & disposal of Tasman.All the news & commentary here. www.linkedin.com/pos |
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