Northbridge Industrial S... Share Discussion Threads

[bookbroker] 06/1/2017 18:42

These have had a major dilatory rights issue/placing, will not reach same heights as before, move just reflects improved outlook!

[saucepan] 06/1/2017 16:34

It is worth reflecting on the long term chart in the header: huge recovery to go for now after forming a massive 'Stage 1' base.

[tromso1] 06/1/2017 16:18

Other oil services stocks on the move too e.g. POS, PRES, GMS.

Sectoral recovery?

[qs99] 06/1/2017 16:13

people looking over at CIU IMO and seeing if likes of NBI may catch up no? Either way, heading back towards £2 IMO

[saucepan] 06/1/2017 13:47

Indeed, looking good.

[chester] 06/1/2017 13:23

Next leg up..

[runwaypaul] 06/1/2017 13:15

catching support gl

[brwo349] 18/12/2016 09:28

Beware of runwaypaul. He, or she, is an infamous multi-handled troll.
Just be careful.

[runwaypaul] 16/12/2016 14:23

Goldman Sachs has upped its oil price outlook for the second quarter of 2017 to $57.50 a barrel from $55 a barrel for U.S. West Texas Intermediate crude.

It also raised its price forecast for international benchmark Brent crude to $59 a barrel from $56.50 a barrel.


After #OPEC cuts, hedge Fund manager Pierre Andurand sees #oil at $60-$70 a barrel next year and $85 in 2018 -- more on @TheTerminal #OOTT

[runwaypaul] 12/12/2016 10:13

Smithie6
7 Oct '16 - 11:47 - 1750 of 1771 0 0

clearly the MD and the mkt dont agree with my last post !


doesn't look like theyre agreeing with any of your posts!

[runwaypaul] 08/12/2016 08:54

I agree with this personally...

hxxp://marketrealist.com/2016/05/david-m-rubenstein-sees-crude-oil-rally-70-next-year/

He says crude oil moves in a periodic manner, and once the downside period is over, the upside period will continue

[runwaypaul] 08/12/2016 08:52

wonder what would happen here if oil traded back up to to 70 next year.

[smithie6] 07/12/2016 22:29

Loadbanks. USA. potential for sales....big country etc....loadbanks is big part of NBI....I cant see them selling the production part...integral part of loadbank division imo. The design & servicing/repair skills it provides is beneficial selling pt. for the division incl rentals.

Voltages. Disagree. Irrelevant imho. Most units are made to order I think. They have the expertise, years. They provide imho different voltages all the time. If mkt wanted std. units all the time with low specs. then NBI would imo struggle to compete on price vs produces in 2nd & 3rd world.

Set up production in USA. Phps if enough demand. 1st step wld be assembling kits sent from NBI imo. But no massive short term benefit to NBI EPS imho.

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Oil services.
Imo in past the big profits came from Auz oil/gas rentals....at 55$/barrel my guess (100% correct imho !!) is that it wont hit same turnover & profits as before ( 110$/barrel)

[countryman5] 06/12/2016 18:48

NBI has two parts. Crestchic which manufactures loadbanks and the rental business which hires out loadbanks, generators, transformers and also oil tools. It is the Oil tools market that is primarily responsible for recent losses, although a large part of the loadbank market is focused on shipping. NBI is classified as 'oil services' which is due for consolidation.
Will NBI be gobbled up or will it be a survivor?
I believe that the Crestchic manufacturig arm, which is free standing, will be sold off. The US market for loadbanks, which has great potential, has slightly different properties than Europe (Voltages??). I suspect that Crestchic needs to be badged with a US brand and create a manufacturing base in the US..
Interest rates are low and we have a weak pound V US dollar.

[runwaypaul] 06/12/2016 16:45

06-Dec-16 10:00:19 124.50 22,500 Buy* 120.00 125.00 28.01k O

[smithie6] 06/12/2016 13:59

...if Scottish oil industry picks up....not much use to NBI since they dont hire oil tools to Scottish oil sector

NBI needs AUZ oil/gas sector to pick up

And offshore oil sector unlikely to ever return to previous exploration activity until after USA oil fracking sector has closed down (since its volume supply capability in 60-100$ range caps max. oil price).....many years away phps...(while noting I know little about oil sector, but I think Im right)
Load bank sales to shipping sector....not going anywhere soon imho.

[runwaypaul] 05/12/2016 12:03

124.50 20,000

[runwaypaul] 05/12/2016 11:57

Oil and gas industry shows 'green shoots of recovery' as confidence grows amongst operators and contractors

A report by the Fraser of Allander Institute says that optimism is slowly returning amid signs of a slowdown in job losses

hxxp://www.dailyrecord.co.uk/news/scottish-news/oil-gas-industry-shows-green-9356763

[runwaypaul] 05/12/2016 11:54

Paal Kibsgaard at Schlumberger told analysts: “We have indeed reached the bottom of the cycle”, and started setting out the company’s plans for the “recovery phase”.

[smithie6] 05/12/2016 10:59

..."immediate outlook is still challenging"


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& fundamentals for Auz oil.....risky/doubtful imho.....at current & 10 yr future oil price (capped due to USA fracking) the Auz oil sector may not fund any exploration drilling imho.....& NBI has stacks of exploration pipes sitting unused...

[runwaypaul] 05/12/2016 08:49

personally looking for a move back over £2 in time.Obviously could go far higher. The sector will recover next yr imo.

[tromso1] 05/12/2016 08:28

Nice breakout after the wide base at lows.

[runwaypaul] 03/12/2016 21:40

KPMG: Modest upturn in oilfield services M&A in 2017, 2018


November 28, 2016



Mergers and acquisitions (M&A) could become a greater feature of the oilfield services landscape in the next 18 months as businesses move out of survival mode and look to the future, according to KPMG.

Oilfield services companies that have adapted their businesses during the downturn and have relatively stable trading patterns are beginning to think strategically about how to position themselves for future growth opportunities. With fragile stability returning to oilfield spend and activity, KPMG expects to see a modest revival in M&A activity in the service sector through 2017 and 2018.

These were the key findings from responses at KPMG’s recent M&A seminar in Aberdeen.

Short to medium term deal activity will be driven by technology and solutions, rather than capacity requirements; and the relative weakness of sterling should provide a boost to inward investment in the UK, although most companies within the industry have global outlooks.

Strategic acquisitions and more innovative deal structuring are expected to remain features of deals in the sector for some time while private equity is still seen as the likeliest source of capital for growth.

The trading environment remains mixed for companies in oilfield services and there will be different lead in times for recovery for its various subsectors, depending on their position in the life cycle chain.

Alan Kennedy, KPMG partner and UK head of oilfield services, said that the growing sentiment in the sector was that the market had stopped getting worse, prompting companies to start looking ahead to new opportunities.

“There is a growing view that things have stopped getting worse, at least in some areas of the sector. Companies that are in reasonable shape in terms of their balance sheets, have sorted out their finances and have stabilised their trading at today’s lower level are beginning to think strategically again and looking ahead three to five years. M&A growth through acquisition is a big tool in the box for them when there’s limited organic growth to be achieved through new projects in the current market,” said Kennedy.

“Interestingly, attendees at our seminar still see private equity as the likeliest source of capital for growth in the short to medium term and we expect to see North American bidders active in the UK domestic market, capitalising on the weakness of sterling. An increasing number of companies in the sector are saying they anticipate being involved in M&A activity in the next 18 months.

“The market themes that we expect to see through 2017 and 2018 are global integration of services over the life of field, diversification into downstream and adjacent space, non-cash mergers and private deals, as opposed to auctions. The short and long term value of sterling is also going to play a part in the UK market but the fact remains that the number and size of successful deals in the past two years have been inconsistent with the capital available to deploy,” said Kennedy.

Dane Houlahan, corporate finance partner with KPMG, added: “Non-traditional buyers are well capitalised and well positioned to make deals in this market but the execution of transactions and investments is not without problems. Process delays and misalignment of strategic goals and price expectations are real hurdles and the ability to assess and manage risk will be critical in a market that remains fragile.”