Northern Bear Share Price (NTBR)

Surprised not to see a bigger move this morning. In line was effectively ahead as everyone was expecting a miss.

Wet winters have always been their Achilles heel, yet they’ve just negotiated the wettest on record without impacting trading.

So I’d expect shares to be trading higher than 5x net profits (excluding the one off gain)

I've been in and out fortunately profitably before the last interims, I can't realistically list it all here but there are several factors involved for me in those interims, ie non recurring profit, market pressures etc, there's also the elephant in the room regarding how they fared through the wet winter. It's also an illiquid share so can go fast both ways, it's worth having a read through of those interims again

I keep looking in and am indecisive myself here having last sold at 133, when it turns it might turn quickly

Anyone got any idea if there is something specific causing the big drop in value? It’s a small MV so understand it can move a lot over not very much but it’s fallen off a cliff in the last few months.

Stockopedia also notes that it's very weather dependant, "While the Summer period was very dry, Autumn was wetter. It is probably too soon to call whether this will have been a headwind for the company in H2". Winter was very wet as we all know

Also note it's somewhat illiquid and maybe why we are seeing it fall every day, falling knife is what I see and I think we need to see a trading update before we can see an upturn

The Bottom Line

While the company looks conservatively financed and has improving prospects, the lack of a unique product means that it will never be the highest-quality business. However, it doesn’t need a huge competitive advantage to be a good investment. Strong earnings Momentum means that this is very cheaply valued, despite a rising share price over the last year. This share price Momentum points towards further possible gains in 2026.