Another Jacko
17 Feb 2018
Re: Jam deferred(again)! I used to be a shareholder here because of the steep discount to some quality assets but got bored and sold out for a small profit. Every year a bit more shareholder value is eroded by a failing business the family won't give up on.It's a value trap and I won't bother with it again unless they decide to realise the asset value.
TX2
14 Feb 2018
Jam deferred(again)! Northamber's totally hopeless business,I am sure not all of the businesses in its field can be quite as bad......,occupies a prime located warehouse which it owns freehold which would rent out at circa £800,000 per annum.
tmhhammers
04 Jun 2016
Re: A quick glance at the results ' but I hope this helps the debate here.'Doubt it but lets see !!!
Another Jacko
16 May 2016
Property man on board I wonder if there's any significance in the fact they have taken a non exec on with a history in property? Could it be they're finally starting to see the light?[link]
profdoc
23 Oct 2015
A quick glance at the results Are they throwing money at the phoenix-like attempt? Some food for thought (quick calculations - forgive mistakes): Sales up 4.1% - good. Gross profit up 7.7% - good Distribution and administration costs, same as last year - good, given the sales rise Loss for the year £888,000. Bad because it is not yet in profit, good because it is less than last year. Inventory down by 8.6% - good (not evidence of throwing money around) Receivables down 12.9% - good (not evidence of throwing money around) Cash up 7.2% to around one-half of MCap - good (not evidence of throwing money around) NCAV down to £12,338. Good, because MCap is less than this and the property (not in NCAV calc) is worth more than MCap. But worrying because the rate of annual decline is 6.5% or £852,000. I'll write a proper report for my subscribers next week sometime - linking the latest results to my previous analyses ([link] but I hope this helps the debate here. Glen
