focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNBI.L Share News (NBI)

  • There is currently no data for NBI

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Northbridge share holders unimpressed by strong results

Thu, 29th Sep 2011 15:58

Northbridge Industrial Services, which hires and sells specialist industrial equipment, saw its share price drop despite posting strong half year to date results. Indeed, the group is so confident in its progress that it is now actively seeking possible acquisitions. Eric Hook, chief executive of Northbridge, said: "We are encouraged by the group's development and the improvement in trading in the majority of our operations. Although the economic environment has slowed during the second half of the year we remain confident that the demand for our specialist equipment and continuing investment in our rental fleet will ensure that progress is maintained.We are still actively looking for further acquisitions to support our worldwide growth and we have both cash and additional borrowing capacity to take advantage of suitable opportunities as they arise."The board has declared an interim dividend of 1.75p, 13% up from 1.55p for the same period the previous year. The group added: "The revenue and profitability of the group continued to improve during the first half of the year despite ongoing global economic uncertainty and we expect this to be maintained during the second half despite the dearth of larger rental projects. The demand for the group's manufactured loadbanks has been at record levels and we expect the resulting sales, albeit at lower gross margin, will continue to partly offset any shortfall in expected rental revenues."The group now employs its own sales force in order to achieve direct access to the North American market for its products. Cash for the end of the period was significantly up from a loss of £.54m for the period last year to a profit of £1.4m.NR
More News
11 Jun 2014 15:50

Numis Chief reduces stake with sale of 3m shares

Oliver Hemsley, the Chief Executive Officer of Numis, has traded in three million shares, reducing his stake by almost a quarter to 9.4m. The 270p-a-share disposal generated £8.1m. The sale comes around one month after the group posted a 59% jump in first half revenue at £51.5m. Adjusted pre-t

Read more
11 Jun 2014 11:05

DIRECTOR DEALINGS: Northbridge Industrial Services Chairman Buys

LONDON (Alliance News) - Northbridge Industrial Services PLC Wednesday said Non-Executive Chairman Peter Harris bought 12,949 shares at a price of 496.50 pence each on Tuesday. Harris now holds a total of 1.1 million shares in the company, representing a 6.32% stake. Shares the compan

Read more
29 May 2014 10:28

Northbridge Industrial Still Optimistic On 2014 Outlook

LONDON (Alliance News) - Northbridge Industrial Services PLC Thursday said it still expects its 2014 results to be in line with its own expectations, after its sales and rental operations both contributed to a strong first quarter. "We are pleased with the group's progress so far this year

Read more
28 Apr 2014 15:52

Quindell board members stock up

Software and technology outsourcing group Quindell on Monday announced share purchases by three of its board members following its decision to start legal proceedings against a short-seller at the end of last week. Rob Terry, the firm's founder and Executive Chairman, bought a stake worth £95,000

Read more
28 Apr 2014 10:44

DIRECTOR DEALINGS: Northbridge Industrial Non-Executive Sells Shares

LONDON (Alliance News) - Northbridge Industrial Services PLC Monday said Western Selection PLC, a company that non-executive Director David Marshall is Chairman of, sold 125,000 shares at a price of 455 pence per share Thursday. Following this transaction, Western Selection holds 1.9 millio

Read more
10 Apr 2014 14:56

DIRECTOR DEALINGS: Northbridge Industrial Services CEO Exercises Options

LONDON (Alliance News) - Northbridge Industrial Services PLC Thursday said that Chief Executive Officer Erik Hook exercised 40,000 options at a price of 100.64 pence. Hook now owns 340,000 shares, representing a 1.96% shareholding in the company. Shares in the industrial services and

Read more
8 Apr 2014 11:20

Northbridge Industrial Services Pretax Profit Increases On Improved Sales

LONDON (Alliance News) - Northbridge Industrial Services PLC Tuesday said its pretax profit increased in 2013 and it expects continued growth in 2014 as higher sales helped the company. The industrial services and rental company said its pretax profit increased 35% to GBP6.6 million from GB

Read more
6 Feb 2014 10:14

Northbridge Industrial Services Says 2013 In Line With Expectations

LONDON (Alliance News) - Industrial services and rental company Northbridge Industrial Services PLC Thursday said it expects its results for the full year ended December 31, 2013 to be in line with management expectations. In a pre-close trading update the company said trading during the se

Read more
6 Feb 2014 09:23

Thursday broker round-up UPDATE

ARM Holdings: HSBC reduces target price from 1120p to 1080p and stays with its overweight rating. Avon Rubber: WH Ireland raises target price from 650p to 765p and stays with its buy recommendation. Balfour Beatty: Liberum Capital ups target price from 300p to 350p retaining its buy recommendation

Read more
6 Feb 2014 08:32

UK MORNING BRIEFING: Vodafone Gains, AstraZeneca Falls At Open

LONDON (Alliance News) - Vodafone has delivered results in line with expectations Thursday morning, helping to give UK share a positive start. Vodafone is up 1.4%.

Meanwhile, AstraZeneca has opened down 2.1% after reporting lower revenue and profit

Read more
6 Feb 2014 08:31

UK MORNING BRIEFING:

LONDON (Alliance News) - Vodafone has delivered results in line with expectations Thursday morning, helping to give UK share a positive start. Vodafone is up 1.4%.

Meanwhile, AstraZeneca has opened down 2.1% after reporting lower revenue and profit

Read more
15 Nov 2013 10:05

Northbridge Industrial Acquires Assets Of Abu Dhabi Oilfield Rental Firm

Read more
15 Nov 2013 07:53

AIM IN BRIEF: Quindell And ValiRx Placings; Noricum Gold Positive Results

Read more
2 Oct 2013 08:02

Wednesday broker round-up UPDATE

Advanced Medical Solutions: N+1 Singer shifts target price from 84p to 90p and upgrades from sell to hold. Afren: Nomura lowers target price from 180p to 170p and retains a neutral rating. Aveva: Panmure Gordon raises target price from 2174p to 2374p and keeps a hold recommendation. Barclays: Soc

Read more
13 Sep 2013 10:01

Northbridge Profits Up; Plans Expansion In Asia-Pacific Via Acquisition

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.