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I find it impossible to guess what might constitute a good or bad performance in these conditions - still it’s good to have an Rns - hopefully the next one won’t be significantly worse!
I agree with you Mr Smith but it seems opinions are POLAR (bear)-ized as we see from the drop in the SP. I would have thought Covid and the company's presence in its region would be a high bearier to entry. Overall I was pleased with the update and I wonder why the tender buyer at 70p doesn't up his stake. Might do some koalatative research to find out.
Investors must be opening their company RNS's with trepidation as covid has caused such disruption. I see this RNS as encouraging given the challenging operating environment in 2020. Strong order book plus healthy cash balance.
Oops thanks for the correction Silver Knight. Though they said they could have paid it and:
"Should trading continue to improve in line with our expectations, and subject to the ongoing cash requirements of the Group as a result of the continuing pandemic, then our intention is to resume dividend payments in respect of the year ending 31 March 2021." So I should have said restore the divi.
What dividend? It was cancelled
Yes I suppose the North is particular affected. I think though building companies have adapted. BDEV gave a positive update. I think the company who paid 70p per share should underpin the price. If NTBR falls then it becomes vulnerable to a takeover. Hope the divi can be maintained as this also shores up the Bear
I wonder how much covid is impacting their operations in the North east. It's a well run company so should get this but with more bumps on the road.
Good call SK. It is coming out of hibernation today with some buying interest. Maybe a bid on the way due to the knockdown price. As cheap as chippies at under 70p!
unless something horribly bearish brewing
sub 40p JMB?
company must be worth more than £10mll surely. I topped up at 50p this morning.
I think the company has done very well and has only been blown off course because of Covid. The lack of a divi weighs heavily on this but cash conservation with a wildly swinging cash and debt position is sensible. I wonder if the company who bought the tendered shares at 70p could return with a cheeky bid. The return of paying a divi would kickstart this grizzly bear.
on just one trade. I think the bear is coming out of hibernation with the rest of the construction industry In hindsight it would have been useful to take the tender offer for a portion of NTBR at 70p and buy back now. Though the last few months have been grizzly I see the future being less hairy when the sites open up again.
Nice top up - I’m rather low on cash so might have to wait for 20p - still holding 240k of these - hopefully they’ll be alright! - the wider society issues seem to be turning into quite a thing - fending off a terrible plague or just a rather nasty cold? - never had a news story type event disrupt my own life quite so much - home working - family members self isolating - pubs shut??! - anxiety about personal space evident on the streets - mc Donald’s doing take away only! - near rationing in the shops - and as for the toilet paper thing!
yep...I bought back another 4k here this afternoon (hold 18k), but I have no idea what happens next for the economy, stocks or (much more importantly) our NHS/wider society faced with this tsunami
Interesting times again...
looks like the Brea's unwell
large sell @45p won't help
And what’s happening to the sp — do bears get Coronavirus?
Sold 10k to buy some more KIE
Looks ok
I like the look of this acquisition and the terms. This electricity company has jolted the SP back into life thankfully and I always like an earnings enhancing buy. The shares in lieu and earn-outs also put a ceiling on an initial payout. Hopefully the rise will stick.
From 2018 annual report - directors emoluments £617k vs £605k - I’m not registered with stockopedia - I think the 2019 report will not be available until much later this year as (from memory) the 2019 yr end is 31/03/2020. I think directors pay have always been broadly at these sorts of levels - four directors earn over £80k - one non exec seems to get zero - H Gold- a former chairman & connected through their firm of legal advisors (from distant memory)
A worrying discussion piece on Stockopedia which states that remuneration for Directors is out of step with profitability. Available under the discussion tab and posted December 18th if you have access.
Hello Fk1,
Hopefully next years dividend will be circa 3.5p - expectations have been knocked somewhat by management this year, with the axing of the special, some director selling and mentioning possible downturns / macro economic stuff - radmat selling (they did well!) also is a bit of a blow as they are industry participants (calling the top?)
I still think the market is missing a trick Lemmink. Any comparisons with last year which was exceptional is bound to reflect poorly. Added to a poor first quarter the company actually performed strongly in the second quarter and I expect a surprise to the upside when the finals come round as the order book is strong. Another divi of 3.2p should be paid and the tender offer should surely underpin the price to 70p. Only downside would be some winter disruption in my book.
A bit disappointing but nothing surprising- looks / sounds like full year eps should be comfortably over 10p - but probably not as high as 13p