Northbridge Industrial S... Share Discussion Threads

[smithie6] 18/4/2016 17:11

...."We have cut our......"

[thomasthetank1] 18/4/2016 14:34

Read Stockdale Securities's note on NORTHBRIDGE INDUSTRIAL, out this morning, by visiting hxxps://www.research-tree.com/companies/uk/industrials_-_specialty_%26_parts/northbridge_industrial_servi
"Northbridge’s performance for 2015 was in line with our expectations as continued revenue declines, particularly in higher margin rental business, were countered by deep cost cutting. We expect this trend to continue in 2016 - 17 and have cut our sales and profit estimates. However, we believe Northbridge has strong market positions and the cost cutting should mean that, when demand does revive, earnings will rebound significantly. We have cut our …"

[smithie6] 18/4/2016 09:35

The previous rush to sell looks like was due to insiders getting wind of results or the cash raise.

[smithie6] 18/4/2016 09:33

So....needing a noticeable cash raise & dilution to keep banks happy.....not so good...

The bod really did steam at full blast in to the oil price fall & got caught out way over geared & indebted.

[smithie6] 13/4/2016 11:43

Volatile share price recently

..

Hunting today reported Q1 down 50% wrt 2015 !!

[bookbroker] 31/3/2016 16:02

This needs a rescue rights issue!

[wigwammer] 31/3/2016 15:35

Same old aim...Some people in the know, most people not. What does the fsa do exactly?

[smithie6] 30/3/2016 20:51

Bit of a rush to sell recently despite no news
And despite oil rising from 28 to 40$ in recent wks

[smithie6] 04/2/2016 11:03

..some valid pts imo...

You cant ring your Russian friends and get them to reduce their oil pumping ??!!...to get the barrel price up !

[androvitch] 04/2/2016 09:14

For what it's worth, my view is that this company needs to be valued in a non-traditional manner right now. It's either strong and resilient enough to last until the oil industry needs its services again, or it's not. So a probability-weighting of future cashflows is more important than short-term cashflow.

Short-term results should not matter much to the valuation (I guess they will be poor, although in-line with management expectations, whatever they are). Longer term, this is either a winner in the market, or it's nothing.

I think management recognises this and is indicating their belief that the business is now stable and can ride out the downturn - self-help measures and activity in Europe supporting this. At least for the next year.

They have scaled back lines of business, so upon recovery we should expect substantially lower revenues, but potentially higher margins.

Useful clues when the numbers come out will be comparisons of the capital and cost structure to competition - to provide some evidence to support the management view that they are well positioned for recovery. I'd tend to not worry too much about revenue for the time being, except as a signal of resilience.

[smithie6] 04/2/2016 08:50

Anyone able to decode the RNS ?

UK mkts ....ridiculous imho that such a useless statement is allowed.....no numbers !!

[smithie6] 02/2/2016 13:18

Plexus
"on worse than expected news."
personally I disagree with that....
widely known that oil sector cutting back massively on capex....
yet Plexus still had cap. value of was it 5 times turnover, nuts imo despite the impact of oil price fall not being yet seen in the numbers before that announcement...

[roddiemac2] 25/1/2016 12:17

POS down over 40% today on worse than expected news.

[smithie6] 19/1/2016 11:48

In time....

Might not see 100$/barrel again for some time....

( Petroceltic shareholders not thinking much about recovery imo....shareprice continues its big down trend

[androvitch] 18/1/2016 10:49

The drop in oil price should shake out a few players from the space. Those that survive will reap rewards in time. Question is whether NBI is the survivor, and why? e.g. lower cost position, more flexible/adaptable business model, differentiated brand, long-term contracts, etc...?

[smithie6] 18/1/2016 10:26

All quiet on this board

Seems an easy guess that the crash in oil and gas prices is bad news for NBI drilling hire equipt divisions.
Below 30$/ barrel....what a drop from 100$ ...& so quickly...

[smithie6] 06/11/2015 12:50

...you banked quick 28% profit after just a few days...nice one...

[the millipede] 06/11/2015 12:45

Hi Smithie, Yep you got it in the end..... :-) although I thought I was just agreeing with Topvest. You are right, we will have to wait and see.

I have banked 28% profit today as, although I see the substantial director purchase as good news, they bought the shares off an institution that wanted to sell...... the implication must be that this would have continued dropping (probably an accelerated fall) if all those shares had been offloaded in the market instead which, to my mind, calls the directors' motivations slightly into question.

As for the business itself my thoughts pretty much mirror the post by InvestorsChampion. There are still uncertainties and downside risks here.

Cheers and good luck! TM

[smithie6] 04/11/2015 11:14

Hmmmmm
..struggling a bit to grasp your point/logic



'Cheap'
70p or 200p as a ratio wrt reported tangible NAV/share..and "previous EPS ( OIL at 100$ not 50$)...is clearly very different....

.....I guess your point is 'directors thought 200p was the bottom and they were wrong.....so maybe they are wrong at 70p as well'
Fair point.

We'll have to wait to see.
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..imho 70p was very gd risk/reward buy price....with current info
( at 70p the input value from selling the bits is much higher than at 200p....giving imo more support to 70p than 200p.....so, imho lower risk in risk/reward balance...and higher reward ( just to return to 200p wld be 130p gain from 70p ; clearly , from 200p gain wld be 0)

Mkt rushed to move the share price up to 90p area....after seeing news of large buys. ..noticeable % rise.

At current 90p ish....fallback to 80p ish or rise more...no idea !

[the millipede] 04/11/2015 10:15

Smithie - the point is that presumably at the time they were buying at 200p they thought it was cheap. (If they did not they truly are morons..... who buys a share if they think it is about to drop from 200p to 70p?)

The point is they thought it was cheap but it was not. Why should this week be any different?

HTH TM

[smithie6] 04/11/2015 08:23

Price up today even after yesterdays 25-30% rise

93-98p trading range....up 4p