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You are right. The market is very small and lacks liquidity.
and only 54m shares in total ........not many shares to go round.......
Over 82% of shares held by II and the directors have almost 8% between them....interim results look good and Company seems to be on an upward curve.....
The second half looked stronger than the first and if MB continued to keep admin costs under control then we could be seeing a substantial improvement in the bottom line. With an opening of an office in the NW suggests the current MC is understating the potential here. As the economy improves it seems that MB will be capitalising on the progress made. No doubt he will have something to say on Proactive Investor.
The Board is pleased to report that following the progress made in the first six months of 2019, the underlying growth in revenue and improvement in operating results has continued into the second half of the year. This has seen the company return to profitability for the full year to 31 December 2019. A turnaround and transformation of this scale is pleasing, particularly when many in our industry are referencing lower than anticipated UK trading and significant disruption in H2 2019 due to political and Brexit uncertainty.
Highlights:
o Group Revenues increased YoY by 22% to £11.5m (2018 £9.4m)
o Group Net Fee Income increased YoY by 15% to £7.6m (2018 £6.6m)
o Group returns to full year profit for 2019
o Good H2 results bettering H1
The table below represents the progress made by the Group since 2017.
2017 2018 2019
Group revenue (£m) 6.5 9.4 11.5
Net fee income (£m) 5.0 6.6 7.6
The Group anticipates releasing the full results for FY2019 in early April.
The new facility is a major plus. To obtain an increased facility of £500k to £2m for a company with a mc of £4m is indeed a vote of confidence. Half year figures in a couple of weeks will show a profit so we are told and we can expect a positive update for the second half.
Probably a Director or someone close to the company. Moving up ahead of the interims I suspect.
Still interest and I think we can expect an upbeat second half forecast from MB in September and perhaps news of that new office he eluded to in the recent Proactive interview
Yes looks as if Directors and existing holders took most with some bought by staff. Also I think there was some stock leaked out in small amounts before and may have been bought by small holders which will help market liquidity. Should see the sp move back to whence it came and beyond following the figures which we are told will see NBB back into profit.
Excellent news to see the strength of the buying to absorb that quantity of NBB shares.
Confidence in the company and the business is obviously strong.
Now we know who the seller was and the stock has been soaked up I expect to see the sp trading nearer the 10p level and to be supported by an upbeat half year result and positive forecast. At his Proactive Investor interview MB hinted at another office opening - perhaps we will learn more next month.
Selling continues. Does somebody know something or is it simply former employees selling out having been shown the door. Or are things not as good as we would like?
Why the drop? MB seems very confident and looks to a first half profit and more for the second half. A £3m cap seems a bit harsh for a recovery stock. MB no fool and is keen to take NBB to a much higher level.
Getting better? Second half showed an increased loss over the first half notwithstanding the savings from the office move. In view of the increase in the s/h loss it is unlikely there will be a profit in the current first half or even the year. Any increase in new consultants will mean a lead time for any revenues to accrue and with ongoing losses I fear more cash may need to be raised. I see that Mr Carter has left the company and is probably the only chairman of a listed company never to have written a Chairmans' report. I think MB will turn the business around but I fear it will be a couple of years before we see any profits. Although there are tax losses we would need a p/t profit of about £700k to provide a pe of 10 at the current 10p. Make sure you have made a will.
The once a year meeting for the benefit of the smaller investors is as ever arranged for 10am. So if you wish to attend and live well away and to the North of London you will need to get travelling at about 6 in the morning. Not very considerate.
Let's not forget that there are annual savings of £300k following the move, some of which will be within these figures.
Results are very late for a CEO that always speaks positively so I can only imagine that there will be a very, very good update or a major development. Any repeat of the February update won't wash. Unless of course the wheels are still off the track.
Very good but not much going on here. Will we make a profit this year? I doubt it. Should we open an office in Manchester or Leeds? Yes. Manchester is now the second city and growing. MB says we will save £300k in a full year by moving offices. So we will need to take this into account to see how much the trading operation actually made, or lost. How about an office in Newcastle N?
Try buying, absolutely nothing available. This has 20p+ written all over it imo
Very nice positive RNS Back up we go!
I spotted the RNS here shortly after it was announced, no numbers but significant for NBB. The stock is very illiquid but I managed to get quite a few through a fill or kill. I sold quite a few of MYSQ and lobbed them into WSG - I was up 200% on a hefty holding so decided to shift some profits around - I'm sensing WSG are getting closer to their whopper contract - hence the movement on the SP. I may come back into MYSQ but will wait for their July Numbers - the diminishing % didn't do it for me, like many others I suspect.
Fancy seeing you here. No idea what this is about but will have a look. Only two posts to?
And very hard to buy any shares!!
77pc increase according to similarweb