The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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NB is barking...i said it was a dog !!
I think its a dog
????
Watching this weeks interview with MB I must confess to be very encouraged by his upbeat view of the coming year at NBB. A further office to open in Leeds and Manchester doing well so with AH in the MD role it looks as if the coming year will see the real start of an uptrend in the company.
What the hell was that all about? We need to run the company not sod about with concert parties
Got that sorted then. Well done MB
Difficult times reflected in the figures which is understandable, and these we can expect to continue. There was a lot of repetition within the report and I was a little dissapointed that the Manchester office did not get a mention - is it still there? NBB do need to sharpen up on NBES high continues to struggle notwithstanding the 40 year Brand which I wish MB would not keep banging on about. My worry is that should AH who leads NBIM choose to fold her tent and take her team with her we would be in the brown stuff. She owns 25pc of NBIM and without its contribution we would have lost £600k
I think share price is about to Boom Shaka Lacka ????
Booming !!
CEO buys £750 worth always a good sign.
Are staff leaving?
Are staff leaving?
So we cannot beleive what we have been told previously. NFI is now down 10pc rather than up 12pc and this situation would have been better known at the time of making the original announcement.. We look to be heading for another bad year. MB needs to stay away from Proactive Investor.
With MB having told us that the first four months NFI was 12pc ahead of the same time last year and importantly dropping straight to the bottom line, we should see about £400k net profit when the half year figures are announced in late August.
Thing is you need to beleive what MB has told us.
Supportive shareholder selling down never good.
Not so good.NBES lost more in the second half £210k NBLC lost more £46k NBS lost £54k in the second half against a profit of £258k in the first half. NBIM did well making a profit of £200k in the second half but we only own 75pc of this. MB tells us tha NFI is 12pc higher in the first four months with that dropping down to the bottom line. If it's all NBIM then it's only 75pc.
I bought at 7p and will be holding.
Yep you are quite right IMO. This year will need to absorb the new office and also the office in the NW. The staff for the NW are already generating income but will need to pay their way when the new office is opened. The move in London will be good in the long term but will be disruptive in the current year. Real growth and the benefit of what MB is now doing will be 2021 IMO.
I think you are right. They have turned a corner. The only concerns I have are larger premises with increase overheads. Staff will take time to train and will take time to start generating income. That could see a bit of a lag in income generation while the overhead is an instant increase in cost.
In his interview MB was very positive and the trading figures we have suggests that the second have profit was considerably higher than the first half. The New Year both H1 and H2 should continue the recovery with operational gearing clicking in.
What do you base that on?
Very positive - the current year could see with an MC of nearer £10m or 20p - current trading in the Annual Report should make interesting reading as should the half year figures
As if the stock is doing good eventually the share price will follow.
Looking for re-rate here
Those who picked up cheap stock following the forced sale may be off loading but the sp should go better when any loose holders are out.