Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
RNS mentions new presentation on company website - just flicked through it - Looks like they've made an effort - multi year financials and "employee per subsidiary" breakdowns - good to see. --- NTBR year end is on 31 March
I think it’s important to include the 5million or so shares that will be bought at 62p each as a relevant cost of the tender offer - not just the arrangement/ admin fee of £400k - which I find a tad eye watering tbh
The offer will cost approximately 18.5p a share - more than 3 years worth of dividends - interesting!
1:- it might prove that the company could have paid those scrapped dividends as it claimed at the time, thus enhancing the dividend paying track record considerably!
2:- It might restrict the company's ability to pay dividends for a while or risk distressing the balance sheet!
Not sure patient is the right word - probably just over attached - Half year results to end sept 2022 seemed quite resilient - annualised EPS still looks like 10p+ - not sure what level of P/E ratio is appropriate for current market and macroeconomic conditions...
mentioned "new provision" in previous post ... I might of kind of made that up a bit ... I was referring to the cost of settling the legal claim ... not actually sure how it was accounted for as didn't pay attention to it ... in any case it will have been a balance sheet hit
A bit vexing - no dividend for the FYE 31/03/2022 - third year on the trot... difficult to but I suppose still possible to excuse.
Underlying EPS 9.8p -- good/ok
masked by big impairment and new provision to leave basic EPS at negative 7.1p -- not so good!!
Book value per share £1.12
Legal claim settled for £0.6 million - payable by NTBR ... that's roughly what 1 years worth of normal dividends would cost ... maybe this will mean that a dividend will will not be paid again this year (no dividends have been paid for the last two years) - it will be entered as an exceptional cost in the accounts ending 31/03/2022 reducing profit by circa 3.3p share