Member Info for jollyspeculator

why? who's in with us lol? ...yep, this is a cracker...and I guess iis and others are de-risking in this sp downdrift after substantial £2.50 placement

@£2.12 ...now hold free carry of 1k shares ...my calcs indicate EV/run rate EBIT less than 10...which seems good value for such a well run, well placed growth prospect ...dyor/opinion only

over 10 ...with falling op profit & challenges in US...difficult to see why even this high ...sp got a long way ahead of itself imv

I'm out @1.80p ...gla

welcome...what motivated yr punt.?..if you don't mind lol

but why?

minority interest arises in the consolidation of accounts for a group where the holding company does not own 100% of all its subsidiaries ...so some of the EBIT is not for the benefit of shareholders here and using EBIT naively inflates a view of value ...this still ain't cheap, folks ...imv

Pipeline Current order book levels are very encouraging and point to the likelihood that the upward trend in performance should continue during the rest of the current financial year. The strong pipeline of orders, coupled with a brighter outlook for both the national and local construction sectors, bodes well for our specialist building and support services businesses. Reduction in bank debt Historically, despite very challenging trading conditions, which have impacted upon the performance of businesses in all sectors across the UK and Europe, Northern Bear has continually managed to reduce its debt by maintaining a tight control of costs and maximising the performance of its larger divisions. Given the apparent upturn in the sector and a continuing, strong trading performance by the Company on an ongoing basis, a larger debt reduction should be possible on an annual basis in future. Dividend In view of the solid performance of the business, the Board is pleased to announce that it is planning, subject to business opportunities which may present themselves or any unforeseen circumstances, to reintroduce the payment of a modest final dividend in respect of the year ended 31 March 2014.

..think the other poster who is bearish has that target as well ...somewhere £20-25 may be good bouncing point...perhaps

Historic PBT is more like US$11m, Dan ...EBIT is US$12m ...then the minorities eat a good chunk...so Jolly adj historic EV/EBIT not that cheap

the sp doesn't go up ...so there is a background sell? ...perhaps once that's filled we can progress lol

bought a few back to cover for my error lol ...the leverage here makes for strong upside potential if the business is gaining traction

excellent timing...that's the way

that's a month since you bought...and not a single trade...no wonder at this spread lol

an rns 5 and a half months ago "It should be noted however, that following the announcement of the Interim Results to 30 March 2013, the Board embarked on a strategic review of the Group and has taken robust actions to reduce on-going costs in recent months. As a result, the Group is now trading close to EBITDA breakeven on a monthly basis." ...not that recent lol

Grateful if you could paste a copy of this update with the date of the rns from which it is extracted...I cannot see any reference to achieving breakeven ...scanning through recent rns...but I may have missed it ...wouldn't want anyone to be misled, would we?

new punt or top up?

someone's confident...& why not at these low multiples?

u got 2 feel a bit 4 the lad who sold 500k@5p lol

u may get lucky...and get an even "cheaper" entry lol