London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Started: jollyspeculator, 29 May 2024 12:39
Last post: jollyspeculator, 29 May 2024 12:39
Profitable and dynamic management
Started: jollyspeculator, 23 Dec 2020 12:56
Last post: Dartron, 1 Apr 2022 00:09
These distributors are going to find it difficult to be profitable this year. Not sure this will recover. Interested to hear other peoples thoughts.
still not many shares around
tp £1++
small buying pushing up the ask
full ask being paid
#wouldnotwanttobeoutofthese over Xmas
I bought today based on this amazing results
Not often that you see a companies NAV worth more than the MCAP.. Think I'll pull up a seat and relax! Thanks NotBot :)
Market cap is £18m at the current 64p/share (looking at LSE fundamentals tab) of which 63% is held by the MD (see recent RNS) so I guess to answer your question, maybe there isn't a large shareholder base to be on here commenting. This is a company I came across due to its featuring in Investor's Chronicle, their 2020 recommendations (also tipped there again recently). It's not a share price prone to sudden movements (except in response to a warehouse sale in summer 2019), more one to tuck away and admire it's progress over the longer term: I'm very comfortable to hold this share: As today's interims make clear: No debt, NAV 92.3p, successful internal reorganisation (offices/warehousing) and integrations completed, growing profit, dividend maintained: You wouldn't think there's a pandemic on!
Not much going in this chatroom is there? lol - you'd think off the back of the RNS today there'd be a lot more activity
Started: jollyspeculator, 22 Dec 2020 15:40
Last post: jollyspeculator, 22 Dec 2020 16:08
many?
I didn’t know you been filtered by someone
cash of over 50% MC...net net...perhaps close to positive fcf
"We are pleased to advise that this decision to keep fully resourced, combined with our nimble structure, rewarded us in the financial year to 30 June 2020 with modest organic sales growth but significant margin growth year on year as we picked up opportunities from our major competitors."
Started: jollyspeculator, 17 Dec 2020 12:56
Last post: jollyspeculator, 17 Dec 2020 12:56
so bought modest 3k top up @51.89p
Started: return_to_go, 30 Nov 2020 21:00
Last post: phenomenonnick, 16 Dec 2020 19:51
Oh come on, they're not late just later than last year. Since then they've had to cope with the death of the founder and major shareholder, and a pandemic. Cut them some slack!
puzzling?
just change of auditor or #redflag?
Why are they 6weeks late for their 2020 Final annual report?
anyone know when the report is due?
Started: return_to_go, 4 Mar 2020 19:58
Last post: return_to_go, 4 Mar 2020 19:58
Good-sized block (100k shares) bought back today! Good news.
Started: jollyspeculator, 20 Sep 2019 13:05
Last post: forest4032, 9 Feb 2020 10:16
https://pbs.twimg.com/media/EQUIg0kWkAMR_bL?format=jpg&name=small
Investors Chronicle
almost full ask being paid
sad news...but the cynical take is probably correct as ever
the embedded value here is so high, and the (probably v nice) man RIP was a roadblock to realising that value
bought 3000 more @ full 45p
can sell in some volume @>43p
difficult to buy
seems asymmetric play
I would think the sale is a must, to be announced is it not .This was there word in July..
Are you sure they would/must announce when the deal was completed or is it enough for them to announce what you wrote below?
Northamber (AIM: NAR) announces that it has exchanged contracts on the sale of its warehouse facility located in Weybridge, Surrey (the "Warehouse") to OXW Catalina (Logisitics XVI) Limited ("OXW") for £16.4 million, with the consideration to be paid in cash (the "Sale"). The Sale is expected to complete by the end of July.
The Warehouse comprises approximately 80,000 square feet on a five plus acre site accommodating additional car parking for around 100 vehicles and is located some 10 miles from the Company's head office. The Company acquired the freehold in April 2012 for £6.35 million, having occupied the premises since December 1999, and as of 31 Decemb
Do you know when the report is due?
Was't it in July that they said within a month ?????
why do you think that?
Was this sale announcing a joke ?? it looks like ..What is this BOD made of??..
Is the report due today?
Is taking forever ,,,,,
new are due very soon ….Should be goof finalizing the sale ??/
Last post: return_to_go, 2 Jul 2019 17:38
Correct me if I am thinking wrong, but the retained earnings are indeed old taxed earnings. But since 2013 the total accumulated losses is around -£5.7m, from which they should be able to have tax carryforwards, since they paid taxes on all earnings up to 2013?
your are sop worried ..All your posts is about this ..Your desperation is getting stupid .One minute is to much tax ,next minute as someone said they may have accumulated tax losses you say there are none .So even better ..16 MILLION IS TAHT HARD for you to se where this is going |???
The bigger question is how much they'll eventually splurge on a new warehouse and whether any excess is returned to shareholders. Doesn't sound like the latter is on the agenda for now but you'll have to be very patient and hope nothing nasty happens
9.422m retained earnings at last b/s. Why does anyone think there are tax losses?
Profits on prop disposal c 10m so you'd think a couple of million will go in tax IMO.
Thanks ninja, sounds very reasonable. But then with 5+ years of negative results, they probably have quite a lot of tax losses saved up.
Started: Batterseafish, 2 Jul 2019 17:20
Last post: Batterseafish, 2 Jul 2019 17:20
Rns says sale of warehouse and they are leasing it back. doesnt sound like another purchase.
Is the other freehold property their offices?
Perhaps something similar?
Share attraction perhaps long term although it has disappointed for the last 10 yrs
Started: BertieBassett, 1 Jul 2019 15:14
Last post: Rebs438, 2 Jul 2019 10:56
45 the bottom.
Moving up now imo
If they just would do a large one-time dividend or a large repurchase. I am not thrilled with "The proceeds from the Sale provide more tangible support to our business and the future development of our evolving strategies."
Grabbed myself a bargain this morning, thanks for the heads up.
Crazy cheap - 96p NAV!!
Cash alone is around 72p. No debt to manage means cashflows hit the bottom line.
This is very cheap. No buy prices.
Started: asclypius, 19 Sep 2014 18:30
Last post: asclypius, 19 Sep 2014 18:30
Started: jollyspeculator, 10 Feb 2014 12:35
Last post: jollyspeculator, 10 Feb 2014 12:35
..
Started: jollyspeculator, 14 Nov 2013 17:25
Last post: asclypius, 14 Nov 2013 17:44
It's certainly possible that this could drag on for years. The question is for how much longer the Chairman, who by the way is 68, wants to continue running a loss-making business which is nibbling away at the value which he so impressively managed to build up over many decades, and in which he has a 60% stake. AIM application, August 2013: "The Board's strategy is to continue to develop the core business in the UK whilst aiming to protect margins and existing market position. Where opportunities arise to generate accelerated returns to shareholders, corporate M&A activity will also be considered." Annual Report, October 2013: "I am unable to give a clear view on the immediate way forward for the company... the Directors are in a position to maximise whatever opportunities arise."
why not steady state? ..sure if there were a liquidity event, then you should do v well ..but how can you be sure there will be?
Started: jollyspeculator, 14 Nov 2013 15:38
Last post: asclypius, 14 Nov 2013 16:50
Net Assets: £22.8m. NAV: 80p/share, including a heavily depreciated office building which might be understated. All assets are tangible and easily understood: freehold property, inventories still being sold at a steady margin over cost, receivables and cash. Contracts and lists of suppliers and customers might have value to competitors, but aren't included in NAV. Most recent annual pre-tax loss: £1m, or 3.5p/share. Management has a heavy stake in the business, and has shown admirable willingness to cut costs in the face of declining revenues and profitability. Let's suppose that there are two more years of 3.5p/share net losses, and that the sale/liquidation is then disappointing in the sense that costs or discounts result in only 70p/share being distributed to shareholder. That would be an 84% return in two years over the current offer price of 38p, with not much risk involved (no debt, steady margins, low operating costs versus NAV). There is plenty of uncertainty in how this will play out, but this strikes me as an extraordinary proposition. I am long, bought my shares at a lower price, and might sell or change my mind at any time. DYOR etc.
may boil down to discount rate/opportunity cost ...even if sum of Fv>>40p...what is the PV? ...and risk capital tied in here could be deployed elsewhere ...aaoo
Started: jollyspeculator, 11 Nov 2013 22:04
Last post: asclypius, 13 Nov 2013 10:17
I do think NAV is decisive. It's being run in such a manner that NAV is making only modest declines despite a horrific market environment. The NAV itself is based on asset values which look to me as if they have been conservatively depreciated over the years. I find it difficult to imagine a situation where management could fail to return significantly more than 40p/share to investors.
maybe...don't see that nav is decisive here...so depends on your view of the market and management ....loss making and "the sector predictions do not offer any forecast of an early upturn in P.C. sector profitability"
Started: jollyspeculator, 6 Nov 2013 13:50
Last post: asclypius, 6 Nov 2013 16:09
Don't you think it's worth considerably more than 40p?
Jolly wise
Started: jollyspeculator, 25 Oct 2013 17:21
Last post: jollyspeculator, 25 Oct 2013 17:21
for 15% profit
Started: jollyspeculator, 25 Oct 2013 17:17
Last post: jollyspeculator, 25 Oct 2013 17:17
patience rewarded
Interesting!
Started: jollyspeculator, 14 May 2013 23:02
Last post: jollyspeculator, 14 May 2013 23:02
Balance Sheet We have reduced our working capital elements so that stock, debtors and creditors are all lower than they were either at 30th June 2012 or 31st December 2011. The current ratio has improved from 2.5 to 3.0 times year-on-year. Although the extraordinary pressures in the economy are unavoidable, the strength of the balance sheet remains very high and places us in a strong position vis-a -vis our vendors and customers.