Northern Bear Dividends - NTBR

Northern Bear Dividends - NTBR

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Northern Bear Plc NTBR London Ordinary Share GB00B19FLM15 ORD 1P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
0.00 0.0% 58.50 0.00 0.00 0.00 58.50 01:00:00
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Industry Sector

Northern Bear NTBR Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

cc2014: David, Post #1439 Can I start with symapthising with you over what seems to be some frustration in your post. AIM/Small cap companies with a market cap under £75m have all been struggling with their share price since MIFID II due to lack of broker coverage. In addition I also hold shares where I've identified them at a crazy low price and await their re-rating. What I leant after some considerable time is that after MIFID II the re-rating doesn't come and they remain at what I see as a crazy discount long term. Of course shares cannot stay irrational in price forever, but they can for longer than I am patient. Certainly I have been frustrated this year but that feeling seems to have abated now and I'll just wait, collect my dividends and at some point things will sort themselves out. I have spent hours and hours reseraching NTBR over the last 2 years and whilst I agree the share price is low, I see plenty others as the same level or greater discout from what I see as fair value. The P/E is very low but when all is said and done, anything construction is going to suffer from this to a greater or lesser extent. I remain unconvinced mostly because the directors do not take their communication with shareholders sufficiently seriously. Whether or not they are interested in presenting in Mello is not important to me as that is a choice but the time it takes to make company statements on what are important issues is poor. In some ways this reflects the market cap of £12m. That's tiny and whilst one might argue they are busy running the company I disagree, if they are listed on AIM, then should be keeping investors informed. I think it telling that 26% of the company has been traded in the tender offer but not one RNS showing a change in holding has been produced. That suggests nearly all the shares have come from PI's who have been happy to flip for a few pennies or 10% or sell at a loss or whatever. Hardly long term holders with any conviction. I'm afraid, sadly, PI don't buy and hold for 10 years like they used to and exit with a 5-10 bagger. That's not fashionable in today's instant gratification social media age. In conclusion if you trust the mangement and are happy to hold for 5 years, my advice is to find a way to park the frustration as at sometime the share price will sort itself out. Parking the frustration is easier said than done I know. It is my view investors will look back at the prices avaiable now on many many stocks in five years time and see this as the "sale of the century". I am unconvinced NTBR is one of them but having done so much research I will be continuing to watch awaiting something from the directors to change my view.
taylor20: Well for Mr Baryshnik to pick up so many shares at a meagre 10p premium to the share price certainly proved his strategy, I doubt you could pick up more than a couple of % in the market without driving the price well above that point.
graham1ty: Wonder what the share price will do now ? Presumably drift down ? Though if you did not tender at 72p you must believe the Company is worth more, and are therefore a buyer !!!LOL.
cc2014: I don't own any shares but have watched NTBR for a long time and I was kind of interested enough to do half an hour's research on Jeff. I suggest he's got a plan out of which he will make money but I struggle to guess what it is. Suggestions; 1. He gets around 20% of the shares and then moves the company on at a higher price to someone at a much higer price. I note he seems to be buying the shares personally so maybe he has a number of funds he will shift it on to. Maybe he has a bidder lined up at a quid but they aren't interested unless they can be sure they can get 50% of the votes without a bidding war. Possibly one of the other holders has already indicated they would be up for this. In which case you all do very well if you hold. 2. 20% would be enough to get a seat on the board and along with another large holder or two they can take control and start pillaging the company through management charges for expertise, at the same time paying out large non-exec fees, dividends and loading it up with debt. In which case you all do very badly apart from the dividend stream. Think Laura Ashley as an example of how this is done. 3. Possibly he gets a seat on the Board and uses his contacts to give NTBR access to large amounts of capital for expansion, using agressive accounting policies, thereby pushing the share price up. The only bit I don't understand yet is that he won't get much influence unless he gets 15% of the shares and even that really isn't enough, so he must have some of the large shareholders lined up. Whatever he's up to my research suggests he's not just going to buy the shares, sit on them for 10 years and collect the dividends. Maybe I'm overcomlicating it. Maybe he just sees value, hopes to get 29.9% now and then will make a bid in a year's time. GLA
this_is_me: David, as I pointed out last week I managed to find our about NTBR 6 years ago and invested a reasonable amount. The fact that the share price is now around 5 times what I paid shows that others have been buying and pushing the share price up. The company gets the occasional mention in Investors Chronicle and some investors use the likes of Sharescope to find likely companies. So you are not correct. I suspect a lot of selling pressure is from retired directors whose companies were taken over in share based deals. Institutions rarely take any interest in companies as small as NTBR. That will be less so in the future as they have seen what happened to Woodford when the great unwashed invested, not understanding anything about liquidity. A lot of short term investors is not what we need temporarily pushing the share price up only to get fed up and sell just as quickly trashing the share price.
davidosh: Exbroker.... If you are an ex broker then I am sure you know none of those are institutional holders? Why do you think institutions are not interested? If a company is listed then the share price does need to reflect the value of the company. NTBR is currently on a p/e of 5 after the lift up this was on a p/e below 5 and a yield of 5%. If the directors do nothing about it then it should not be a surprise that someone else has done this. There is an argument for the company to have bought back shares but in reality the liquidity is already quite poor so a bigger dividend would be better with any free cash and the yield would surely then attract more buyers too.
3800: well if he gets less than a 1% take up the whole tender offer gets pulled. The whole thing must be costing him a fortune compared with the size of the company I cannot imagine why someone with no background or connection with this area of business would go to all this trouble. 72p is of no interest to me personally I'm staying a holder for now the share price has been higher than that in the last couple of years with the dividend quadrupling in the last 4 years. I know it's a very cyclical business but it's worth more than that.
zangdook: I do have some empathy for directors who want to get on with running their company and persuading people to buy their services rather than travelling all the way to London to try to persuade other people to buy their shares from each other. It's nice when companies take an interest in presenting themselves but, except when they're looking to raise money, not really their core responsibility. I'd rather my investment appreciated because the company was whipping up business in the north to support the share price and dividend, rather than whipping up investor frenzy down south. I've had enough of little fraudy types who spend all their time raising money and never get around to making any.
meijiman: If they get say plus 20% then they would be able to demand a seat on the board. Can't help thinking that if this company was promoted properly and given its secure dividend the share price would be more like 80/90p. These Canadians clearly see value here.
tiswas: I had a decent chat with Steve Roberts non-exec chairman. He and fellow directors are not happy with the current share price and think that it does not reflect the turnaround from the high debt days and the current levels of dividend and profitability. Acquisitions are difficult because many sellers are led to believe that their businesses are worth a lot more than they really are because of the input of business brokers. They remain under the Institutions radar because of their size. Brokers notes are not only expensive relative to their size but forecasting is difficult because of the number and mix of businesses and the cyclical nature of many of them. I mentioned piworld and they will have a look at that as a possible way of getting their story out there. They understand that the last trading statement was perhaps not worded as clearly as it could have been and will endeavour to explain the businesses in greater detail at the time of the full year results. I got the impression that they are fully aware of the importance of the dividend to shareholders but that the levels of growth in the business are not easy to forecast over the medium and longer term and I have some sympathy with that. I think that they are genuinely interested in what shareholders have to say but the nature of their business and where they are positioned is such that they can not possibly have all the answers. I came away encouraged by Steve's openness and willingness to engage but have reminded myself that is a microcap, regional and cyclical business that will never be on a racey rating but should continue to pay a decent dividend and be in a far better position to cope with any downturn than it has been in the past.
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