Member Info for lemmink

Sold 25k at 24p each - holding 50k - got mixed feelings bit selling because on the one hand due to agency type concerns I have been quietly hating this share for a few years - however on the other hand BISI is now trading at £2.30 share - making the 40% stake owned by LAS worth circa 47p a share -- LAS excluding BISI I think may be worth 20p to 30p -- so quite a substantial valuation anomaly may exist?

NTBR is being sued for £1.9m by Engie - they seem to be part of a larger group of companies..
The amount is nearly 20% of NTBR's market capital and equates to roughly 3 years worth of normal dividends (from back in the day when dividends were paid- last two years not paid).
The RNS appears to me to be saying that along with the "formal notice" of the claim the directors have recently received new information about the claim; and they are currently considering it. Prior to this notice the directors had received "informal or less formal?" notices/claims/information etc and considered them to be without merit. The claim relates to work done in 2009 - 2011 - from memory this was a period when NTBR was burdened with a significant debt load.
The lack of liquidity in the market for this share is not strong enough to facilitate a low cost panic attack for me in my position! -- the RNS is a somewhat depressing bucket of cold water poured on to what was otherwise looking like a fairly promising few weeks ahead, from my point of view.

Sold two lots of 5k @ a little over 65p - previous limit order cancelled - holding 260k

Sold 10k @ 64.33p - previous limit order still pending

Order expiring 13/01/22 set to sell 10,000 shares at 65p each ... how about these?

Sold 10k @ a little over 62.5p ... holding 280k ... had to cancel previous limit order and do it manually as order was not executing when the price became available.

Order expiring 12/01/22 set to sell 10,000 shares at 62.5p each ... anyone want them?

Sold two lots of 10k @ circa 60p each ... holding 290k

Released last friday - H1 eps 6p in line with underlying eps inferred from trading update so looks ok to me - pity they came out on that day! - dividend policy to be reviewed in due course... could get resumption of a dividend sooner than normal? (normally one dividend per year circa 3p- 4p paid in august - last 2 years not paid due to covid - Full year ends 31 March - H2 generally weaker than H1 but not always - from memory) -- didnt really notice any commentary or info given on how many or which subsidiaries are currently or yet to be firing on all cylinders??)

Sold 15k @ a little over 58p - wouldn’t object to a little more liquidity— ahem!

Forward annual eps rate 9p or better … in line with h2 last year + h1 this (tbc)

Looks like H1 underlying eps will be circa 6p

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.

Bought 15k @ 49.995p - holding 325k

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!

5k @ 51p … wasn’t expecting this!

Bought 10k @ 54p — holding 305k (error in previous post) -
Furlough / JRS receipts are disclosed in results and equate roughly to two years worth of dividends… ok

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.

Sold 5k @ £1.68 each - rightly or wrongly? - retrace seems rather relentless.