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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 15/6/2022 17:28 by brummy_git Super smart smallcap investor Simon Thompson of Investors Chronicle continues to rate Crestchic / Northbridge as a BUY with a 250p/share target price (up from 220p B4).www.investorschronic |
Posted at 09/6/2022 07:19 by brummy_git The news just keeps getting better & better at premium loadbank expert Northbridge Industrial (soon to be renamed Crestchic)Find out here all the investor commentary & updated valuation from today's positive trading update. www.linkedin.com/pos |
Posted at 14/3/2022 08:40 by brummy_git Following exec Chairman Peter Harris last week, came news today that super smart investor, Christopher Mills of Harwood Capital had also bumped up his stake from 22.6% to 24.1%.Saying to me Northbridge stock is heading higher (& possible much higher) over the next few years. |
Posted at 20/10/2021 08:42 by robertspc1 Bit of profit taking naturally but I expect another uplift on any Tasman disposal news. Would also expect co will change its name to Cresthic and attract new investors |
Posted at 03/10/2021 21:32 by gleach23 Simon Thompson's IC write up on Friday is in the public domain so copied here for info -Analysts have pushed through their third earnings upgrade for Northbridge Industrial Services (NBI:171p) after the industrial services and rental group more than quadrupled first-half operating profit to £1.6m on 22 per cent higher revenue of £19.5m. The key driver has been Burton upon Trent-based Crestchic, a company that manufactures, sells and rents load banks and transformers to domestic and international customers. Products are primarily used for the commissioning, testing and maintenance of independent, off-grid power sources and, increasingly, for grid stabilisation, as ageing national infrastructures face the twin challenges of integrating renewable energy generation and the environmental issues posed by global warming. Specifically, Crestchic’s products assure reliability for generators and distributors of power, for industries critically dependent on back-up power to ensure business continuity in the event of a failure of their primary power supply. The business is benefiting from growth in two key sectors: renewable energy and data centres. The transition from coal and oil-based energy sources towards cleaner and renewable energy is leading to a proliferation of smaller energy generators whose sites require commissioning and which have unique challenges for connection into established distribution networks. In turn, this is creating a greater need for testing that is driving the demand for Crestchic’s products, both for outright sale and for rental. Its load banks are on par with the most advanced and resilient systems available in the western economies for this purpose. Moreover, battery storage farms are playing a greater role to ensure the flexible operation of power systems and are becoming increasingly integrated into the UK grid network. Crestchic offers high-voltage load tests at the grid/sub-station connection point to energy storage farms. The ongoing worldwide growth in hyper-scale data centres is also driving significant demand for Crestchic solutions as the digital economy takes an ever-increasing share of global GDP. Global internet traffic doubled between 2016 and 2019, and is on course to double again by 2022, thus driving investment in new data centres and the infrastructure that supports their electricity needs and power reliability. These factors, and a greater proportion of higher-margin rental revenue in the mix, explains why Crestchic’s operating profit almost trebled to £1.9m on 43 per cent higher sales of £15.8m in the first half. Buoyed by a robust order book, analysts at Equity Development expect the division to post full-year operating profit of £5.5m (10 per cent upgrade) on revenue of £29.6m which feeds through to a 24 per cent upgrade in group earnings per share (EPS) to 8.7p. Furthermore, Northbridge's Tasman drilling tool rental business is in the process of being divested, which should wipe out net debt of £4.5m and leave the group as a pure play on a high-growth business that analysts at Panmure Gordon expect to produce free cash flow of £6.2m in 2022. This is based on full-year pre-tax profit rising by a third to £4m to deliver EPS of 10.4p (15 per cent upgrade) in 2022. Equity Development has almost identical forecasts and expects the board to reinstate the dividend by declaring a 2022 payout of 1.5p a share. On this basis, the shares are rated on a forward price/earnings (PE) ratio of 16.5. Northbridge’s progress has not been lost on investors as the share price has rallied 37 per cent since I highlighted the opportunity only three weeks ago ('Alpha Report: A high-growth play on the battery storage boom’, 7 September 2021). Given the scale of the upgrades, I am raising my target from 180p to 200p. Buy. |
Posted at 11/8/2021 08:09 by robertspc1 Keep saying it but share price looks forward not backwards. Everything is getting better so once investors look forward the shares will motor. |
Posted at 05/8/2021 11:59 by robertspc1 To be fair a lot has changed since Peter Harris grabbed the reins a few months ago. If Tasman is sold the real value of Cresthic will rapidly emerge. The take out of Aggreko is a clear sign that smart investors know that rental businesses have massive operational gearing when demand picks up |
Posted at 04/7/2021 10:45 by brummy_git deanowls - frankly it doesn't matter what I think. Surely as investors, don't we all want the best for the business? |
Posted at 23/6/2021 08:56 by robertspc1 Gresham stake increase, presumably as part of the convertible deal. They are smart investors and see the hidden value in Cresthic. Once Tasman is sold, no doubt the plc will change to Cresthic and the business value will become more evident. It will be acquired in the next two or three years for between two and three pounds imho |
Posted at 13/4/2021 11:15 by smithie6 Paul Hill'its all so exciting' Crestchic turnover was down almost £1 million ! super exciting ? nahhhh ----- 'lets get money from investors to buy businesses at a super high price (Tasman acquisition no. 1, Tasman acquisition no 2, Geothermal drilling acq. ) & then sell them at a low price, to lose that money obtained from investors & our co. cash'. super exciting ? nahhh |
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