Share Name Share Symbol Market Type Share ISIN Share Description
Northbridge Industrial Services Plc LSE:NBI London Ordinary Share GB00B0SPFW38 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 64.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
62.00 67.00 64.50 64.50 64.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 26.94 -2.72 -8.90 18
Last Trade Time Trade Type Trade Size Trade Price Currency
12:22:22 O 2,000 69.00 GBX

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Northbridge Industrial S... (NBI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-04-03 13:54:3869.002,0001,380.00O
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Northbridge Industrial S... (NBI) Top Chat Posts

Northbridge Industrial S... Daily Update: Northbridge Industrial Services Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker NBI. The last closing price for Northbridge Industrial S... was 64.50p.
Northbridge Industrial Services Plc has a 4 week average price of 64.50p and a 12 week average price of 64.50p.
The 1 year high share price is 182.50p while the 1 year low share price is currently 64.50p.
There are currently 27,899,602 shares in issue and the average daily traded volume is 17,970 shares. The market capitalisation of Northbridge Industrial Services Plc is £17,995,243.29.
edmonda: thorough analysis of Northbridge Industrial Services by Equity Dev just published , focusing on its operational leverage. DCF gives value well above current share price, note freely accessible here :
androvitch: Just reiterating my previous POV that short term results should not have a bearing on share price, beyond the extent to which they signal long-term potential. This business and competition are all hit by the oil crash, the only question that should concern investors is whether this business will be a survivor and emerge in a stronger position as/if the sector recovers.
the millipede: This is true. This is not without risk. But UK/EU remain very cash generative and profitable. Anyway, you are right. The picture is not clear, but IMO that might be why the share price is 70p and not £2.50.
annieb1: I phoned Buchanan yesterday.This news announcement about no material change in circumstances is the result of my call concerning the alarming drop in the price of the Nbi share it would appear. Hopefully the drop is over but a massive loss seems out of all proportion to the recent board comments. Bank covenants are the major worry. Let us be optimistic that the board are in control and telling the truth.
the millipede: I guess today's announcement at least confirms trading has not got worse since the interims? Still watching...... am surprised to see the share price fall so quickly from 120p ish...... as a turnaround play this does not seem crazy, but it didn't seem crazy at 120p and it still dropped to 80p! And how dependent on the oil price is this? I know we can all have a view but mine is we will still be sat around $50 in the middle of next year, perhaps having visited somewhere far lower in the meantime. But if the reason for that price is over supply why will NBI have problems renting out their equipment?
topvest: I will watch with interest. Sold my last at £2, but the share price is levelling and it may represent a nice opportunity soon. Still exposed myself through Western Selection.
smithie6: ...imho they kept capex and gearing highish because part....imho...the MD had 650k share options....(now 700k options) To maintain the highish p/e and share price they had no choice....lower capex..lower eps growth...lower p/e...lower share price.(although the share price would not imo have fallen as far as this if had cut capex in H2 and either avoided the Tasman NZ acquisition or paid in shares at that high price or included a large deferred part (to protect vs oil/gas price fall, which was well underway then)..the dirs. decided against it...we see the result of that decision... If it had worked out ( oil/gas bounced straight back to 100$ (unlikely due to flood arriving from USA fracking wells) no slow down in the sector) the capex would have worked out nicely and the EPS would have stayed high and increased and we would all be claiming the dirs as hereos !.... voted for have paid a high price for dangling too big a carrot in front of the MD ..imho...phps couldnt see the road ahead due to the size of the carrot ! ...although the share price would have been hammered anyway due to the problems in the sector...but the share price would be perhaps 300p if the debt level was closer to 10M and not close to 20M, which is not so good when cash generation has been hit hard....the "real" number of years to reduce the debt to zero or small amount (say < 1yr of cashflow) we have to wait to see...
smithie6: Woody ...interested to read your post...some good pts... clients merging.....shows how bad the situation is in auz oil sector....(I would guess that if small/medium size cos. merge...then they can pool their own equipment...and hence hire less and if any other hire cos. are on their knees perhaps they are/were/will be bought by oil/gas cos. with cash...and again less need to hire equipment from outside the oil/gas co.. H1 said to report a loss.... last year made around 16p in H2 (plus/minus Xp !) but business now much quieter and loss in maybe 0-8p in H2... so...imho if say that H1 loss is small then one gets a guesstimate number imo of 0-8p for profit...versus 30p ish in 2014, depending on adjustments etc. a crash... 2) 'Battening down the hatches' shows how bad things are can one assume it would pick up from that ....or just continue ??! if continues then PAT could be close to 0 for yrs....unless....picks up... 3) The addition of 'part' of the load bank rental to the 'problems' list is a surprise which I hadnt envisaged... 4) As you pointed out X months ago...(as we knew) ..rental cos. accounts get nailled in PAT line if dont generate enough profit to cope with the depreciation hit to the accounts... ..which is a worry at present... 5) How to value the shares ? Good question ! Rental kit does not have much value in a situation of global oil equipment surplus over demand....or can not rent it out...and its depreciation cost makes a big -ve impact on the accounts the hit to confidence in the bod does not help the share price...they appear to have been completely blind to the effect of the oil/gas price falls ...many/some ! of us where perhaps asleep around 600p...but we are not the dirs. and dont have access to advisors or oil/gas specialist or have visibility of fall in enquiries or oil/gas sector daily news in Auz. 6) Capex expenditure in H2 of 2014.....imho stupid mistake with oil price collapsing....I posted that it might turn round to bite them....and it has...
pugugly: Be careful - VERY VERY careful - Very large proportion of the share price increase has, as has been said above, been due to a rerating from a hisotoric p/e (according to Ref) of 6.2 in 2010 to 21.5 in 2014 (at the peak) so with the price of oil having crashed and virtually all majors cutting back heavily on capital and exploration expenditure PLUS Director selling Date of trade Number of Ordinary Share price, Shares sold pence 17/12/2014 12,500 518.40 22/12/2014 1,000 493.00 this could have a lot further to fall - Chartwise looks as though 1st real substantial support may be back at the 280p level as NBI has (as yet) not seen the same %age level of pullback as many in the oil services sector. (imo etc)
smithie6: hxxp:// Warning. Note The author is a Northbridge fan !....and has a long exposure to the NBI share price ...and is hence going to the concentrate on the +ve aspects of course ...the -ve aspects and risks should also be taken into account.
Northbridge Industrial S... share price data is direct from the London Stock Exchange
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