Northern Bear Share Discussion Threads

[zangdook] 25/11/2022 12:00

A whizzkid with enough shares to install himself as chairman but not enough people skills to have a few chats with the management and come up with a new company policy inside a year and a half.

[knigel] 25/11/2022 10:28

Well we have buyers and a higher share price - personally think this should be valued over £1 but how often do we see investments at the right value?

[tiswas] 25/11/2022 09:39

I am sure that patience will be rewarded here with a financier and former stock broker with the largest holdings and looking cheap on fundamentals.

I am just hoping that I have the patience to see it through!

[this_is_me] 25/11/2022 07:46

Solid results given current circumstances. Slight increase in revenue and profit staying up. Conserving cash rather than paying a dividend is probably a good idea with interest rates going up and bank facilities to be renewed.

[knigel] 25/11/2022 07:29

Not sure these results will move the share price significantly …just expected the capital allocation review to be completed by now - not saying the results aren’t good - just not sure what will trigger a re-rating atm

[zangdook] 20/9/2022 09:36

N B-D has put approx £100k in in the last two months

[zangdook] 15/9/2022 07:43

No sort of AGM statement. Two months since the last news and presumably they still haven't finished the "process of engaging with the Board and management to discuss and review the Group's strategy and approach to capital allocation".

It's hard to avoid the conclusion Baryshnik is incompetent to chair a company board.

[aimwinner] 28/7/2022 15:28

3800
Here are the details of the AGM.

A1 Grainger,Prestwick Park, Prestwick, Newcastle upon Tyne, NE20 9SJ on 14th September 2022 at 2:00pm.

You have to registar if you are going.

"If Shareholders would like to attend the AGM,we request that they pre-register their intention by email to [e-mail] no later than 2:00pm on 12th September 2022 and they wear a face covering whilst on the Company’s premises."

[aimwinner] 27/7/2022 13:39

3800

It would seem you have 2 choices here. Sell the remaining shares or given that there must be an AGM soon vote against the directors.

[3800] 24/7/2022 15:15

My opinion is that there will not be a dividend for the forseeable future. Why would there be? if you are now a director just up your directors pay to get some money if want some, the remuneration committee will obilge, that way you do not need to share the profits with those little runty shareholders. I have sold most of my shares here just retaining a few thousand as I haven't much faith in the future here.
3800

[exbroker] 24/7/2022 14:45

Patsc100

Do you think that if the forklift business had been sold there would have been a dividend?

[zangdook] 21/7/2022 08:44

72p was a good premium, I accepted the tender for part of my holding and then bought them back later for less.

[graham1ty] 21/7/2022 08:24

Aimwinner, I meant that the shareholders who sold to them had wanted out. In other words those who tendered their shares and those selling in the market to NBD. 32% ( or go back not much further, 42%) of shareholders in 2019 have sold out.

[taylor20] 20/7/2022 16:58

LOL, I read N B-D as "Nobody" as in "Nobody knows a lot more about Baryshnik's thinking that we do"

Not sure which is preferable.

[aimwinner] 20/7/2022 09:54

Graham1TY
Looking back NBD had 7% before the tender so its 32% not 42%
How do you deduce that either or both "want out" when 1 has been buying?

I fully agree that there has been talk and no action and communications with shareholders seem to have got worse not better in the last year since the board coup.

[zangdook] 20/7/2022 08:07

I would wager N B-D knows a lot more about Baryshnik's thinking than we do.

[zangdook] 18/7/2022 14:37

It's almost eight months since the interims, when they announced the "review" which appears to have gone nowhere. The AGM should be next month; last year they said

"No business other than the resolutions set out in the AGM Notice will be considered."

but they also said they would be "delighted" if shareholders emailed them at [e-mail] to ask questions.

[arthur_lame_stocks] 18/7/2022 13:20

I wouldn't mind a low rating if they actually paid a respectable dividend. Other than that it's just dead money.

[graham1ty] 18/7/2022 13:18

This will remain in the doldrums unless Jeff chooses to engage with shareholders. Where is the presentation ? The meeting offered to shareholders ? The research ?

The new strategy appears to be growing through acquisition, but there haven’t been any (yet). However, understanding and following the existing, core businesses, is most important in the next 1-2 years ( until an acquisition bedded in). Zero engagement with shareholders will leave the rating forever low

[this_is_me] 18/7/2022 08:48

No trades so far today; the bid has been marked down, but not the offer.

[this_is_me] 18/7/2022 08:45

He will not want a takeover at the current share price unless he wants to buy the whole company himself.

[zangdook] 18/7/2022 08:15

I imagine some of the directors enjoyed their dividends. I wonder if JB is trying to push more people out or soften them up for a takeover.

[zangdook] 18/7/2022 08:03

Not impressed with this

"As a result of our ongoing review, which includes dividend policy, we did not declare a final dividend for the year ended 31 March 2022. I would note that we have the cash resources available to pay a final dividend commensurable with prior year dividends, should we have decided to declare one. Any future dividends would be in line with the Group's relative performance, after taking into account the Group's available resources, working capital requirements, corporate opportunities, debt obligations, and the macro-economic environment."

In plain English they're saying despite thinking about dividend policy for months and months we haven't been able to make our minds up. We have the cash but we're still dithering. By the way, here is an idea of our future dividend policy if we decide to have one but we still can't make a decision yet.

Just make your minds up. "We're not paying a dividend because we want to expand" Fine. But "We're not paying a dividend because we're still thinking about it" Not fine. Incompetent.

[patsc100] 18/7/2022 07:49

My previous information was wrong. They did not close it down:

Our materials handling business, A1 Industrial Trucks Limited ("A1"), has seen an improvement in its profitability despite disruption to new truck sales. We are now expecting lead times for the delivery of forklift trucks to be in the region of 30 to 40 weeks due to supply chain interruptions, which could lead to a challenging outlook over the medium term. As a result, we recorded an impairment of goodwill of £2.6m in our FY22 results with respect to A1, which is further described below.