Northern Bear Share Discussion Threads

[this_is_me] 04/10/2019 09:11

The other risk that you take is that the share price gets above 80p again.

If you managed to buy some at 66p for the short term trade then you are a winner but selling at 72p is not necessarily a good idea for a long term investor.

[sharw] 03/10/2019 23:04

"....it is a way to sell and not pay a steep brokers charge "

I take it you've been reading his book:

[exbroker] 03/10/2019 22:50

The BOD will be looking at the document now it has been posted, I expect they will comment soon. It could just be an investor trying to buy a stake in what he sees as the quickest and most efficient way, given the shareholders list and low volumes he may have a point. If you hold a small number of shares it is a way to sell and not pay a steep brokers charge and at 72p. I am not selling any of mine.

[3800] 03/10/2019 22:26

I will not be tendering any. I have to say I'm quite surprised with the numbers which have added up.
3800

[zoolook] 03/10/2019 22:17

Thinking about its remarkable that the BOD haven’t mounted any defence against this share grab and potential precursor to taking it private or at least installing a representative on the Board. Any other BOD would be at the very least declaring that it undervalues the company and highlight why and advise shareholders to keep the faith.

[zangdook] 03/10/2019 20:53

ok, I spoke without calculating the number. I guess it'll very likely go ahead then.

[jaf111] 03/10/2019 20:35

add 20,000 from me for the tender which i purchased last week @66p

[rthak] 03/10/2019 20:24

I've got 84,000 all of which I will be rendering. So with zangdook that more or less gets us to 0.5%

[zangdook] 03/10/2019 18:28

Straw poll - I doubt we'll get 1% on here. I'm thinking of doing a minor topslice of 1600 shares.

[zangdook] 03/10/2019 18:25

You don't want the AGM to be in Newcastle at 9 (in fact it was at 11), but your London bash starts at 9. How is that "shareholder friendly"? Not everyone lives in the South.

[rthak] 03/10/2019 16:32

That's true - anyone fancy doing a straw poll on here to see if we get to the 1%? I'm happy to kick things off of others are keen...

[3800] 03/10/2019 15:05

What will happen to the price if less than 1% is tendered? Thats the risk, you could loose alot more than 2% in a short term trade if the tender doen't go ahead

[rthak] 03/10/2019 13:12

Maybe I am missing something here but is there not a quick 2% to be made by buying today at 0.7045 and tendering for 0.72?

[davidosh] 02/10/2019 19:52

I think you are rather disparaging if you call these events a London bash. They are very well run conferences where investors can efficiently meet up to 60 companies over a couple of days. I doubt you have ever been to one but take a look...


We run them around the country so not just in London and small cap fund managers attend as well as 1000 investors. I do not think Agms at 9am in Newcastle is a shareholder friendly gesture whether my company has an office there or not. Shareholders from almost anywhere in the country can get to a 2pm Agm in one day....not so at 9am so nobody apparently turned up even with hundreds of shareholders.

[eggbaconandbubble] 02/10/2019 10:19

I might as well ask here as anywhere.....

Why are all the house builders marked down this morning? Anyone?

[exbroker] 01/10/2019 21:30

Dosh
The market is efficient in the long run. Just because you can’t be bothered to venture North of Watford does not me the rest of us can’t. The vast majority of the population of the country live outside the South East. You moan about the rating and then when there is a corporate event that moves the price uo over 15% you moan about that.
You do not know what the buyers motive, or agenda is so you don’t know if he will be a long term supportive shareholder, just like the institutions you so crave on the shareholders register. The reason that there are none is that it is small and illiquid so the IHT funds have no position and as they have not raised any money recently so neither do the VCT`s

[davidosh] 01/10/2019 18:06

if the directors spent all their time socialising in London they might have a few more PIs on the register.(Zangdook)

They are a public listed company so as directors they have a duty to meet with and engage with shareholders but would probably only need one week out of the whole year to do that at most as NTBR are tiny and not on the radar for regular meetings.

The reason why I think a person buying a significant part of the company at a very low price can be a problem is what happens next? I want my companies to be valued correctly and appropriately for the market they are in. If ever I need to sell, and I have held NTBR for many years, I will then be able to get a fair price on exit. Clearly lots of investors selling over the last few months below 60p have been getting an awful exit price.....now someone has jumped in but I doubt many think even 72p is a really good exit price if any investors need to sell.

Most investors who do not want management to do presentations even at obvious meetings like AGMS are those who never leave their homes and invest but never engage. They therefore do not want others to have an advantage over them by engaging with management. If I own a company why should I not want to know who runs it and their strategy for delivering me a return into the future?

[sharw] 01/10/2019 13:46

We have been here before. One low cost option was to get PIWorld to do a video. tiswas got through to the Chairman and reported back. See:

[eggbaconandbubble] 01/10/2019 12:18

I'm pretty much shooting in the dark here but the directors may do well by taking on some low key low cost PR company to gently raise potential shareholders' awareness.

[zoolook] 01/10/2019 11:18

Or they have a better use of the money that can’t wait

[zoolook] 01/10/2019 11:17

Or they don’t know about the tender

[zangdook] 01/10/2019 11:15

I'll probably be tendering a small amount just to get my holding down to a round number. I think it's worth the gamble that it will go ahead if you want to sell, but ymmv.

[zoolook] 01/10/2019 11:09

Maybe because if there isn’t enough take up the tender won’t go ahead

[jaf111] 01/10/2019 11:03

In view of the tender offer @ 72p, can someone please explain why so anyone would sell 1,500 shares at 66.5p???