George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I have never tried talking to the company - the material availability and cost inflation thing is a bit of a worry, I have no idea how things might be going on that front for NTBR. At worst I hope that if it is a problem it wont be too bad or last for too long to be weathered.
Sold 2 lots of 25k @18.9p -- holding 75k -- thanks to whoever helped me out with this
Extracts from RNS (WITH EDITS IN CAPS BY ME)
Resolutions in respect of share issuance authorities and pre-emption rights, were NOT passed.
Steve Roberts, Executive Chairman of Northern Bear, resigned from the board AND will assume the position of Chairman Emeritus and continue to fulfil his existing day-to-day operational role (AS CHIEF EXEC..??)
Jeff Baryshnik, (WHO BOUGHT 25%(from memory) OF NTBR SHARES @72p EACH), has been appointed as Non-Executive Chairman of the Company with immediate effect.
It is expected that two further Non-executive director appointments will be made to the Board in the near term, at which time it is expected that John Holroyd will step down from the Board.
Jeff Baryshnik, Chairman of Northern Bear, commented:
"The Board would like to thank Steve for his many years of dedicated service as a director of the Company. (SERVED AS FD AND CEO (from memory))
"I look forward to increased engagement with all of the Company's stakeholders in due course."
**** My comment ****
Interesting but a little disconcerting!
Bought 20k @ 54p - holding 290k.
Results are out and look ok - but no dividend for the the second year on the trot - due to board feeling it would be inappropriate - personally I don’t share that feeling, but so be it. - prudence or risk concerns would have been an easier excuse to swallow.
EXTRACT FROM LATEST TRADING STATEMENT
"Whilst we have experienced some ongoing disruption from the severity of the COVID-19 second wave, we expect to report profitability from underlying trading in H2 FY21 to be in line with H2 FY20 for the Group as a whole."
FIGURES FROM HALF YEAR ACCOUNTS (ended 30/09/20)
Basic Loss per share (13.3p)
Adjusted earnings per share 1.9p (prior half year 5.6p with the corresponding full year at 8.6p)
COMMENT
I guess that means results for the year ending 31/03/21 will be something like an actual loss of 10p a share (subject to further exceptionals' in H2) and an underlying / adjusted "profit" of circa 5p a share.
https://api.londonstockexchange.com/api/gw/lse/download/NONTBR/tearsheet
not seen this this feature before ... probably been around for ages! - lots of TA and fundamental summary info...
Hi All, welcome aboard sorry for not noticing you sooner. sorry also to be saying this not my favourite share - i think its cheap but the Heller family agency issues are probably the reason most leave this one alone - still i hold and hope...