Northern Bear Share Discussion Threads

[daz] 18/7/2018 14:58

They would have been cash positive, if they had not made the H Peel acquisition and not paid out dividends, so I think the picture is better than it seems
2018 Net debt: 0.8m
H Peel - Initial tranche 0.7m
H Peel - 1st deferred instalment 0.4m
H Peel - Transaction cost 0.3m
Dividend Payment 0.742m

I would prefer they cleared the deferred acquisition costs before they make the next acquisition.

[arthur_lame_stocks] 18/7/2018 13:06

I quite like this little company and they're certainly pretty cheap. I just wish theyd keep a bit of cash back to strengthen the balance sheet. It would make it easier to grow and might improve sentiment towards the shares.

[leona306a] 18/7/2018 12:25

My geography is pretty good and so is my opinion on the merits of Northern Bear. Happy days to come.

[eggbaconandbubble] 18/7/2018 12:15

Well said Graham. Now can we please move on!

[graham1ty] 18/7/2018 07:51

The management team is based in Leeds, so it is Yorkshire

[ed_derby] 17/7/2018 22:14

I bet Davidosh knows his counties !

[3800] 17/7/2018 22:11

Newcastle upon Tyne is in the metropolitan county of Tyne and Wear, historicley it was in county of Northumberland. Looks like someone needs to get out more.
3800

[arthur_lame_stocks] 17/7/2018 22:06

It's all up norf if you ask me.

[jonthetourist] 17/7/2018 21:20

Yorkshire??

Northern Bear plc
Registered Office
Company Secretary: Wendy Edgell
A1 Grainger
Prestwick Park
Prestwick
Newcastle upon Tyne
NE20 9SJ

[ed_derby] 17/7/2018 20:31

Leona ... any other shares you know with similar qualities?

If Yorkshire won all the Gold Medals at the Olympics ... provided the backbone to the England footy team ... and has Northern Bear ... its enough of a recommedation if you can find others like it

[leona306a] 17/7/2018 20:00

I would like to give you a little insight into the history of Ntbr.Also my reasons for investing heavily in them.They floated on the stock market in December 2006 at a price of 60p. They soon made several acquisitions and where considered to be a good company who where going a long way. By the end of 2007 the share price was about 170, a three fold gain.Less than a year later the world recession started and Ntbr did not have time to prove itself. The share price dropped 9p in late 2012.All through the recession they made a profit (a small one but never the less a profit) With all this information and the share price at 9p, I considered the merits of the company!A...This is a Yorkshire company....hard working nitty gritty down and down to earth .Family ties and responsibilities.(family comes first).B...It is managed by a hard working local team with many years of local experience....graham Jenkins 40 years..Kieth soulsby 40 years..Stephen Roberts 20 years...John gilstin 30 years...Alan chapman 40years.. And I and can go on and on.C.... A low pe of 6.7......low peg of 0.1...5 out of the last six years of positive growth...acquisitions selected By a team with 100s of years of experience. Can you not buy into this company???

[shanklin] 17/7/2018 18:37

LOL, if you list on the stock market, there are certain levels of conduct which you should be meeting. At least NTBR do not appear to be acting inappropriately in any way but they are certainly underperforming in terms of communication, with NO broker forecasts, oddly timed AGMs and minimal updates on trading.

[leona306a] 17/7/2018 17:27

In other words we do not waste money on matters that do not concern us. FULL STOP

[srichardson8] 17/7/2018 14:58

I think we were all worried about an impact from Carillion and the earlier bad weather. Only just reading prelims now but this is a reasonable explanation of the silence on the former
' I would like to assure our shareholders that, if the Group's results are likely to be materially affected by any such events, we will make an appropriate announcement immediately as is required by the AIM Rules for Companies. Our policy continues to be to avoid issuing unnecessary market updates, or creating an expectation of providing ongoing commentary, on wider market events when the Board does not expect the Group's performance to be materially affected. '

[ed_derby] 16/7/2018 22:30

Great to see some comment and debate on the company folowig on from the results... Good to know i'm not the only one who owns shares and has profited from higher profits, higher share price and increasing dividends. I wish my other holdings were doing as well.

Davidosh - you're clearly more expert than me on comms ... Are there other AIM companies who you'd call out as meeting your standards for comms and openness? I'm also unclear on what can and can't be disclosed?

Shanklin - agreed - I've not seen a forecast ... what do you see as the main risks to the group that could cause a change in profit?

Cash seems to be in a good place with repeated (almost sycophantic) shout outs to YB ...

They've made an acquisition of a profit generating company and disposed of one that wasn't contributing - and called out they're still on the look out

We can judge the weather risk for ourselves ...

I'm not quite sure how Carillion fits into their customer/supplier chain ... or if it does at all - but i presume we're over that

Taylor20 / Shankin - I agree with you - paragraph is statement if fact ... end of .... reminding us that the management obviously know their obligations and responsibilities ...

Looking forward to more comments / debate ... and the dividend going into my Stocks and Shares ISA too :-)

I won't be able to make the 9am at Newcastle - but please feel free to pass on my support for the group if anyone is going

[rmillaree] 16/7/2018 18:22

Well i guess the good news for bods who do make the trip and decide to stay by the seaside (that will be on-one then) is that they will have the Newly re-opened Spanish City Dome available to visit on Whitley Bay Seafront if you fancy some Champers / Waffles or a bit of Fish and Chips - bringing back the glory days of the early 1900's yay. Premier Inn just round the corner too. 25 Year refurbishment project is probably par for the course in this country. Just a shame that i don't think NTBR were involved in the Dome work although they are doing some posh flats just along the road on the seafront.

[davidosh] 16/7/2018 15:42

This is me....I attend between 30 and 50 Agms every year but cannot get to all the companies I hold especially if in Summer months as I have a very big family.
If a meeting is set for 9am and 300 miles away then that is not ideal and necessitates leaving family overnight. I could reasonably make it to Newcastle for an 11.30 start which is exactly the start time last year ! So what has changed ?

[its the oxman] 16/7/2018 14:37

Keen to hear any details if anyone able to attend the agm as not able to myself.

[this_is_me] 16/7/2018 14:18

davidosh so you are not interested in attending AGMs anyway.

tiswas I tend to get direct answers from the chairmen of companies where I am on the share register. However I don't send sill communications e.g. 'How's it going mate?'

[its the oxman] 16/7/2018 14:16

Quite happy here, a few profit takers today of course but overall the chart looks intact , rating is low and outlook positive, scope exists for another earnings enhancing acquisition, and there's a sizeable dividend to take shortly. Hopefully management will continue to carefully grow the business and 100p is not that far away.

[rmillaree] 16/7/2018 14:15

Simso

"It was a legitimate concern at the time, and I felt they were initially insensitive to our concerns."

If they said the following should that not have put your mind at rest ? - I.e the lack of an update meant that it was business as usual? until such time as they said otherwise. What else where you expecting them to say?

"We are aware of our communication obligations, and the correct way to breif the market is via RNS, not answer individual queries"

It really does seem to me to be too much to ask the directors to comment on specifics if they have confirmed that they are aware of your questions/issues and will release an RNS if appropriate covering anything that is material enough that needs to be commented on. A comment to say there is nothing to comment on (I.e no bad debt problem) does not seem a worthy comment to me generally speaking - even though although i understand the rationale for releasing something post Carillion as a bit of a quiet reassuring Horlicks type of event.