Re: had a nibble at 75p Sure they can - but the point is not about how they manage the business but how they guide the market - and in that sense they cannot be trusted - so why should we believe there is no reason for the fall just because they say so.
Re: had a nibble at 75p Management can always be changed!!Tiger
Re: had a nibble at 75p Also not clear the management are to be trusted. When oil prices fell and the share price dropped they announced business was on track (which it was for that financial year) and the business was robust. They announced the full year results on track and then slashed their projections.
Re: had a nibble at 75p Good luck! I don't think this was falling because anyone thinks things have got worse though...... which makes the company's response irrelevant. Could fall a lot further IMVHO.
had a nibble at 75p tiger
Re: falling knife But where is bottom?
Re: falling knife weak buy..for the brave..
falling knife Is NBI going bust?
Covenant breach NBI got the banks to agree not to test covenants at the end of September but "will need to reset certain covenants due to be tested on 31st December".So basically the debt facility is in trouble ..
Re: What is happening 235...bounce area..but 120 likely afterwards..(caution)<<<BANG ON!!
Is it time to go soon? The company has a high level of gearing and has recently changed its bank (never a good sign). Overseas assets are being sold, but the income from these will probably only cover this year's promised dividend.The comparable PRES made clear in its last statement that oil related revenues continued to fall, and at best are unpredictable. Even ELM has cited problems with oil based business.I have hopped out (a bit too soon), but would like to be back sub-150.
NEW ARTICLE: Northbridge plunges after second warning "This year is going to be worse than initially thought for LSE:NBI:Northbridge Industrial Services. Management had already warned at April's annual results that half-year numbers would be less than last year. Now, they say the company will be ..."[link]
Re: What is happening 235...bounce area..but 120 likely afterwards..(caution)
Re: What is happening 277, that came quicker than I thought it would.DL
Re: What is happening Hi Barrell,Thanks for the interesting comment about the share options. I'll have a look at that.Good luck with the hold.I remain bearish for the long term, might have another look under 280 (if we get there).Bw,Devon.