Share Name Share Symbol Market Type Share ISIN Share Description
Northern Bear LSE:NTBR London Ordinary Share GB00B19FLM15 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00p -2.82% 69.00p 54,639 14:21:39
Bid Price Offer Price High Price Low Price Open Price
68.00p 70.00p 71.25p 67.50p 71.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 45.6 2.4 -12.8 - 12.75

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Date Time Title Posts
23/3/201813:10Northern Bear932
01/2/201607:13Northern Bear - with Charts16
03/8/200907:58Northern Bear1

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Northern Bear Daily Update: Northern Bear is listed in the Support Services sector of the London Stock Exchange with ticker NTBR. The last closing price for Northern Bear was 71p.
Northern Bear has a 4 week average price of 34.36p and a 12 week average price of 34.36p.
The 1 year high share price is 95p while the 1 year low share price is currently 34.36p.
There are currently 18,476,222 shares in issue and the average daily traded volume is 42,936 shares. The market capitalisation of Northern Bear is £12,748,593.18.
srichardson8: 'Despite poor weather in January 2018, and subject to there being no exceptional adverse weather conditions over the remainder of the winter period, we look forward to announcing another strong set of results for the full financial year. The Board will update shareholders further following the Group's financial year end.' just a reminder from the Feb 2nd update. There clearly was poor weather but the share price seems braced for that, does it not? I am still hoping for around £1.75mn net for the March 2018 year (pp/e x7.5) and a further reduction in debt would be welcome.
simso: mathewawood, I completely agree with your post 891. I am actually slightly more optimistic on the Underlying EPS, which was 6.8p in H1 if you strip out "one off" acquisition costs. Given that H2 has traditionally been the more profitable, and will have a Full Half contribution from Peel...I could certainly see 14p - 15p. Given that Earnings properly covert to cash here, then buying at 70p is giving a cash yield of c20%. Where else can you get that in this day and age? Perhaps the odd year of Bad Weather might mean 10-12p, but so what? The long term earning trajectory is still up. One to tuck away in the SIPP for the long term, and let the miracle of compounding that fabulous yield take effect, and not worry about day to day share price. I feel increasingly sure Carillion is a non issue, given that they definitely understood the requirement to Update the Market if anything material was wrong...and almost thre weeks have now passed.
cc2014: I completely sympathise with you Matthew. I see large numbers of stocks these days where the MM's imho have a far larger spread than they did 3 years ago. I would be guessing that they perceive this as great as they can make a large profit. However, it seems to me that part of the outcome is that retail volumes are falling as everyone is put off by the spread. As for the share price of NTBR, I see literally dozens of stocks like this where there seems to be a disconnect between the fundamentals, dividend yield, free cash flow etc. and what the share price actually is. I know as I have a far few and my only resolution is to wait for the market to stop being irrational or collect my dividends along the way, accept a decent dividend yield, shrug my shoulders and trust that eventually the fundamentals become so irrational that capital growth will follow. I've seen it all before. Eventually the market will correct and we will all be wondering why we didn't buy more when it was staring us in the face. Trouble is in the meantime we have to wait for an unspecified period of time before things sort themselves out. History shows me this tests my patience to the extreme as it can be years. I rather hope it won't be years this time, although I feel like we are already at least 2 years into this irrational phase. It feels like it's turning. Watch for the £400m market cap stocks which are floundering at crazy prices to move first.
investopia: Here's what the chairman said at the end of November; maybe the directors have their hands too full integrating H Peel to worry about the share price: Steve Roberts, Executive Chairman of Northern Bear, commented: "I am pleased to report that the Group has had another six months of strong operational performance. We also completed the acquisition of H Peel, our first acquisition for over nine years. With a strong order book, we are looking forward to the rest of our financial year with optimism and are confident that we will be able to maintain our progressive dividend policy."
jaf111: Rather contradictory thoughts here but the longer the silence now the better I feel since as CC2014 points out if there is a material exposure and they haven't reported it then they could be liable. Having said that the continued slide in the share price is not encouraging!
tiswas: Fully agree simso. But why let your already undervalued share price weaken further if all it takes is a rns confirming no material exposure to Carillion to put it right? Okay, the weather has not been ideal but I think it would have to go on for a lot longer to materially effect trading, there are always going to be a few bad weather days each winter in that part of the world.
curlly: The weather will not help the share price. Even the last rns said so
cc2014: I think this thread and the frustration with the share price reflects a number of stocks in the £10-100m market cap area especially if they are industrial, construction, manufacturing, distribution, property. The old boring industries if you like. Many of these companies are doing well, creating good profits, enhancing their balance sheets, increasing their dividends yet the P/E's just keep falling and falling as if that has become the new norm. It's been going on for a good 3-4 years now and we investors who invest based on fundamentals are starting to get a little frustrated because on many of these stocks the sells just keep coming from the institutional holders. I don't know if it's something to do with MIFID2 but whatever it can't go on forever. The skill will be holding on to them as they rise and not selling out for a quick 10-20% which is what the institutions will want us to do when they realise they want back in again
simso: I agree this is unlikely to be anything to worry about. The share price has risen strongly this year, and there is a good chance his NTBR shares were his major asset. Cannot blame him for wanting to cash in
interceptor2: I haven't often seen a company so undervalued when compared with other companies in the same sector. Perhaps this can be partly explained by having no brokers covering the stock, and hence no future estimates. I took a closer look at all stocks in the same sector as NTBR, the sector average P/E is 18.8 versus 6.04 for NTBR. Alumasc ALU, has the nearest valuation to NTBR, and is as close a company I can see in regards to UK exposure, net debt and services. So I used ALU to compare valuations.( NXR are closest to valuation, but due to products and geographic coverage I can't compare,) NTBR, net margins = 3.63%, PSR = 0.22, Finance cost = 22.5% of op profit. ALU, net margins = 3.56%, PSR = 0.39, Finance cost = 16% of op profit. The only ratio that is better for ALU is their net debt is lower than NTBR, hence the lower percentage for finance costs. But ALU net debt stayed the same in the last full year, where NTBR reduced by 16%. The NTBR share price would have to increase by 90% to reach the same valuation as ALU, which I can't see any justification for. Unless the markets knows some information that I don't? But with Radmat increasing their holdings recently, I feel that the building sector is still strong. I can only conclude that NTBR are just one of those extreme undervaluations that the market throws up sometimes.
Northern Bear share price data is direct from the London Stock Exchange
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