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In profit.....and with only 62m shares in issue, and 75% of those tightly held (including 7% by Directors), this has a MCap of less than £4m
Wednesday, 27 March, 10:00am
Norman Broadbent CEO Kevin Davidson and CFO Mehr Malik will host an online investor presentation of their results for the year ended 31 December 2023, followed by Q&A.
Register here: https://bit.ly/NBB_FY23_results_webinar
Impressive results...........
.....and with only 62m shares in issue, and 75% of those tightly held (including 7% by Directors), this has a MCap of less than £4m
Good results again for the quarter. This is now a profit making company with steadily increasing Net Fee Incomes, with repayment of all outstanding CLN's anticipated by end of this financial year. Has £14m of accumulated losses to offset against future gains and the CEO predicts exceeding previously projected EBITDA of £1.25m by 2025.
Ask now at 5.5 but again NT for over £500 worth........
With a MCap of only £3m, anticipated positive EBITDA of £100K in 2022 results (up £400K from 2021) and targeting an EBITDA of £1.25m in 2025 this looks to be a decent prospect...........NT at the mo for anything over £500
You're thinking of his brother, Jim
Any one any comment re this share. it is ridiculous that one small trade can reduce the share price by 4%. This is just falling every time a small sell is made.
Small raise but discussing with certain large shareholders for a future raise!
Not too good in my opinion and it still has MB as a contact.
These due during the next couple of weeks so we will see how we a doing. I doubt if the figures will be much so I will be interested in what has happened and where we are going.
MB dropping stock?
Yes I feel the major and frustrated shareholders having put £Ms into the company over the past 20 years, perhaps longer, and having shown MB the exit now want something in return. This is why the new Chairman was able to pick up a decent stake. We will need to leave it to 2022 to see it coming together.
Good to see new blood joining and as with others, many who have since left, at "exciting times".
But I do wish they would stop banging on about a 40year brand that during the last pre Covid year only achieved T/O of £11m. They need to drive forward by acquisition. Perhaps change the parent company name and keep Norman Broadbent as an operating brand within the group.
They still show MB heading up the team on the website. Sloppy.
MB goes so it looks to me as if the major holders want progress and that is why they let the new man have some stock. Is AH in line for a place on the BOD? At least her department shows profit.
Again its Jam Tomorrow Plc.
Finals due tomorrow.
Morning C1 - yes very interesting and no doubt the larger investors here will be looking to positive progress as a result.
An interesting announcement. After 20 years invested in this company it’s becoming interesting.
It looks as if PeterSearle, formally of Delphie Group and Addeco has picked up the recent disposals either by invitation or by knocking on their doors. Is he to be disruptive or has he been invited to join by MB? AH to be moved to the back office perhaps. No doubt an update will or should be included with the forthcoming year end figures.
These are due soon but not too sure when. Recruiters thought to be on the charge and with NBB being low cap at about £3m and opening new offices and with a brand perhaps we can look for a rerate especially as MB seems to be a driver.