Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Good results and acquisition. Also good statement from director re continued growth
Forgot to add: Nbi was recd by ic yesterday and by Faraday a while back so gaining publicity.
fab rise mate! 5 year chart even better! 150p to 580!
since my last post here - and still no intrest in 9 months!
Very quiet which is odd considering the continual rise
... across a dusty empty landscape, AG asks 'is anyone there?' All blues on the share trades but no rise in price, are the MMs absent too?
Expecting this share to move well today........
a smidge just over half a page about this comp...... frofits triple..............
WH Ireland initiates buy on Northbridge Industrial Services, target price 350p.
Arbuthnot Securities maintained its "strong buy" recommendation for Northbridge Industrial Services (NBI) with a 300p target price. The industrial equipment seller competed the acquisition of Belgian transformer and switchgears rental business DSG Rental for 2.9 million pounds, and the broker expects this to be earnings enhancing from the 2012 financial year. Arbuthnot notes that this is the second acquisition in a small space of time, following the takeover of oilfield instrumentation supplier Loadcell on 13th December
Singer Capital maintained its "buy" recommendation for Northbridge Industrial Services (NBI), but with a reduced target price of 393p, from 423p. The broker changed its forecasts to reflect the industrial equipment rental company obtaining a greater portion of revenues from lower margin products and a planned investment of 0.5 million pounds over the year. Singer notes that the investment will be used to open new depots in Singapore and France, as well as increasing its fleets in Brazil and US. The shares declined 2p to 231.5p.
Serenpipity - sorry but I havnt been back in here for a while! Hope you are still holding - assuming the world does not implodes these, as you say, should show a decent rise through time. GL
Singer Capital initiated coverage of Northbridge Industrial Services (NBI) with a "buy" recommendation and a target price of 423p. While being a relatively unknown company, the broker believes the industrial equipment retailer operates a similar model to the more popular Aggreko, which has a track record of success. Singer adds that the shares are trading on a price to earnings multiple of 8.5x, compared to Aggreko's 22.4x, suggesting significant upside potential. The shares were unchanged at 263.5p.
Hi mulledwine, Watched AGK rise over the past few years, I think NBI have very good long term prospects and may follow the same path, with expanding business in the middle east oil fields ......... worth watching ,,,,,,,, A keeper for me.
Arbuthnot reiterated its "strong buy" rating for Northbridge Industrial Services* (NBI) with a 275p target price. The broker notes the group delivered 2010 results in line with expectations and that 2011 has started well. That said, with gross margins up at 62.4% in 2010 and a full-year Tasman contribution in 2011, Arbuthnot said it is happy to maintain its adjusted pre-tax profit forecasts for 2011 and 2012 at 5.4 million pounds and 6.4 million pounds, respectively. Northbridge shares advanced 12.5p to 221p.
Eric Hook, Chief Executive Officer, commenting on the results and outlook said: "We are pleased with the Group's performance in 2010 and the positive start to 2011 and hope this will to lead to further good growth for the rest of the year and beyond. The performance of Tasman is encouraging and its integration into Northbridge is continuing as planned. The global economy continues to improve despite recent world events and as a sign of the Board's confidence in the Group's prospects an increase in the dividend of 12.2% for the year has been proposed."
Outlook: 2011 has started well and our main customer base of power generation and the oil & gas sectors is seeing growth in most markets. We are encouraged by progress across the Group and look forward to achieving our objectives and announcing further developments for the Group during the year.
Highlights: · Consolidated Group revenue of £19.3 million (2009: £12.7 million) · Pre-tax profits of £3.7 million (2009: £2.2 million) · Gross margins continue to grow, increasing to 62.4% (2009: 59.1%) · Earnings per share up 35% to 25.8 pence (2009: 19.1 pence) · Strong cash generation from operations of £6.0 million (2009: £4.5 million) · Acquisition of Tasman Oil Tools in Australia and successful placing raising £6.7 million net of expenses · Further substantial investment of £4.4 million into the hire fleet (2009: £5.5 million) · Proposed increase in the final dividend to 3.05 pence, raising the total dividend for the year to 4.6 pence (2009: 4.1 pence), an increase of 12.2%.
http://www.investegate.co.uk/Article.aspx?id=201103300700098657D
Northbridge Industrial Services (NBI) posted widened annual pre-tax profits, boosted by increased sales demand for its manufactured units in South East Asia and continued growth in rental, and proposed a 12.2% rise in dividend as a sign of confidence in the future. For the 12-months ended 31st December 2010, the group reported a 68% jump in pre-tax profits on revenues ahead 52% at 19.3 million pounds. In light of this, a 3.05p final dividend was proposed, raising the total dividend for the year to 4.6p. Shares in Northbridge advanced 22.5p to 208.5p.
Dust this one off. ...... Results here 21st Lets see .... Pip