Northern Bear Share Discussion Threads

[this_is_me] 23/10/2023 07:55

Graham it helps to read the RNS: Beaumont-Dark is not going to sell and of his shares.

[this_is_me] 23/10/2023 07:53

The other directors and Beaumont-Dark have no intention of selling as they think that 62p undervalues the company. We all have to decide for ourselves.

[graham1ty] 23/10/2023 07:52

Thinking a little more……

This looks remarkably like the Company bailing out Jeff, in effect using Company money to buy part of his shareholding….it is worse than that, as it is not actually Company money, it is debt, which may burden residual shareholders for quite a while.

Can a major shareholder, and Chairman, get away with this ? If I was a small shareholder,I would demand he sells his shares in the market, if he wants out, like anyone else would have to. Because of the irrevocables, it says c36% of the free shares will be bought in. As much of the Register will be dozy, dead, or long since forgotten they owned NTBR, Jeff might get away with selling half his holding. Does depend on Beaumont Dark. If he tenders no shares at all, then Jeff might be able to sell more than 50% of his shareholding.

All very dodgy

[graham1ty] 23/10/2023 07:40

So, “give shareholders an exit” by taking on debt. Jeff will tender all he can, and forget he paid 72p in the first place. Remaining shareholders will have fractionally higher eps (?really) and more debt, making their investment, overall, less attractive.

JB has failed to anything with NTBR. Failed to add value, failed to do anything strategic, failed to see properties, failed to transform the Board.

Would not a better exit, for everyone, have been to just put the Company up for sale ? The whole thing ?

[tiswas] 23/10/2023 07:23

You have to laugh!

[zangdook] 19/10/2023 10:17

nice to see the newsflow has started up again

[zangdook] 13/9/2023 19:07

I think you need 75% in favour to delist. There would have to be a very generous offer to have any hope of that.

[rmillaree] 13/9/2023 17:53

zangdook

"If Jeff B was interested in taking it private he would "have done some buying at the lows."

dont agree with this statement - there are two ways too skin a cat - if they announce a delisting tomorrow shareprice could easily be below the earlier lows this year. just have a look at what hapened to Sportech PLC this week. Zero need to do owt in advance of intention to delist - note by not buying shares before announcing you will delist preumably they are less likely to be criticised for knowing the plan to in advance.

Note i am not saying that i think NTBR will delist anytime soon.

[aimwinner] 13/9/2023 10:38

Interesting seem overqualified for a small company like this, and no obvious connection to Jeff.

[this_is_me] 12/9/2023 07:28

Looking good despite construction industry downturn.

[fillipe] 24/8/2023 11:08

Dividends,

Final and Special Divs go xd today, August 24th 2023, with payments 15th Sept 2023.

f

[this_is_me] 22/8/2023 16:58

Another new 12 month high.

[zangdook] 18/8/2023 11:02

If Jeff B was interested in taking it private he would have done some buying at the lows. I think it's fair to assume he isn't, but whether he's interested in having someone else take it off his hands is another question.

[knigel] 18/8/2023 10:13

Probably buying ahead of going ex-dividend next week. However, why do investors buy a single share…?

[this_is_me] 18/8/2023 09:39

Thankfully there was no takeover bid when the share price was 37p in April. Now that the share price is 65% higher is is much less likely.

[boystown] 18/8/2023 09:00

Let's have a takeover offer please!?

[arthur_lame_stocks] 03/8/2023 11:31

It sounds like a jolly nice day was had by all.

[zangdook] 03/8/2023 11:31

And another.

[zangdook] 03/8/2023 11:28

They've started posting news again. Not business related, but better than the dead silence of the last 18 months.

[zangdook] 27/7/2023 04:01

You're right, NBD's first appearance seems to be 15 Jan 2019, eight months before the tender offer.



At last year's AGM NBD held 2,805,000 = 14.97%, so assuming it was him there must have been others voting with him, but it may just have been a few uncoordinated small holders. If it was all NBD he would have gone over 15% and had to declare.

Anyway, I may be wrong about NBD and JB being in cahoots. Thanks for looking into it.

It's probably fair to assume that NBD at least doesn't see JB as an obstacle to extracting value from the company.

[aimwinner] 27/7/2023 00:25

Arthur
As Napoleon said of his Generals better lucky than good!

[arthur_lame_stocks] 26/7/2023 22:45

I'm not sure whether NBD would be supportive of Jeff or not but as someone said higher up the thread he appears to have had decent stakes in a number of companies that have subsequently ended up in takeover situations. Whether that is because he is just lucky or whether he buys stakes in cheap companies and then puts pressure on the board to put them up for sale is anyone's guess.

[aimwinner] 26/7/2023 20:25

Zang

You have me wondering and so doing some work!
I found this in the announcements.

Pre Jeff

8 August 2019

Northern Bear plc

("Northern Bear" or the "Company")

Holding in Company

Northern Bear plc (NTBR) was today informed that Nicholas Beaumont-Dark has acquired 168,449 ordinary shares of 1p each in the Company ("Ordinary Shares") (the "Share Purchases") and that his shareholding in the Company is now over 5 per cent. of the Company's currently issued share capital. Mr Beaumont-Dark held 4.83 per cent. of the Company's issued share capital prior to the Share Purchases and now holds 1,062,499 Ordinary Shares representing approximately 5.74 per cent. of the Company's currently issued share capital.

And also, last year’s AGM


The board of directors of Northern Bear announces that, at its Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed with over 99% of votes cast being voted in favour. For resolutions 2 and 3 only, a total of 2,990,425 shares abstained from voting.
Looks like NBD abstained so would he be voting for Jeff?

[zangdook] 26/7/2023 16:32

I have the impression NBD would be on his side. IIRC he started to build his position after JB. I may be wrong.

Anyway, I don't much care about getting him out, I think he's a non-entity who got in the way for a time but now perhaps he'll let the professionals get on with their work. Or is that too optimistic?