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Brand CEO Alan Green talks Tertiary Minerals #TYM, Andalas Energy #ADL, Northern Bear #NTBR & ECR Minerals #ECR on Vox Markets podcast
Brand CEO Alan Green discusses Tertiary Minerals #TYM, Andalas Energy & Power #ADL, Northern Bear #NTBR and ECR Minerals #ECR. The interview begins after 8 minutes.
Buy Northern Bear #NTBR says VectorVest. Opportunity for near term gains backed by bullish price action and fundamentals.
Newcastle-based Northern Bear (NTBR.L) is a provider of specialist building services. The company was floated on AIM in December 2006, and provides services ranging from general building work, fire protection, roofing works, fork lift truck sales/hire and health and safety consultancy. There are currently 11 businesses in the group which together employ over 300 people.
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On July 16th 2018, NTBR announced preliminary results for the year ended 31 March 2018. During the year the group completed the acquisition of H Peel & Sons (Holdings) Limited. Turnover from continuing operations rose to £53.6m (2017: £45.6m), with adjusted operating profit from continuing operations up to £3.1m (2017: £2.5m). Adjusted EPS rose to 12.5p from 11.3p, and the group increased the proposed final dividend to 3.0p per share (2017: 2.5p), plus a special dividend of 1.0p per share. Exec Chairman Steve Roberts said he was “delighted to be reporting on another great set of results. With a strong current order book, I am hopeful of another good year to come and would like to thank my fellow Directors and the management teams and staff at all of our companies for the efforts they put into making the Group such a success story. “ “We are pleased to be back on the acquisition trail and will continue to look at opportunities as and when they arise.”
VectorVest valuation metrics for NTBR had occasionally flickered into life in early 2018, but it was the run up to the June trading update that saw the RT (Relative Timing) metric, (a fast, smart, accurate indicator of a stock’s price trend), flag up an opportunity. Now in mid July, despite a bullish move higher in the share price, the NTBR RT metric still logs 1.27, which is rated as very good on a scale of 0.00 – 2.00. Other high scoring metrics include a GRT (Earnings Growth Rate) of 19%, which VectorVest also considers very good. The stock continues to add gains, but even at 82p, VectorVest believes the stock is still underperforming against a valuation of 108p.
A weekly chart of NTBR.L is shown above in my normal format. After a strongly trending upward move, in the first seven months of 2017, the share has traded sideways to down. Chartists refer to this type of pattern as a continuation pattern. Recently the share has broken the trendline defining the highs of the continuation pattern on rising volume. This is very bullish price action and bodes well for a push to at least the last high made on August 2017.
Summary: With over 85% of NTBR turnover coming from repeat business, its management can rightly be praised for a discerning approach to finding and bedding in quality acquisitions. Income investors will note that NTBR offers regular dividend payments, but with Exec Chairman Steve Roberts bullish over forward prospects for the group, VectorVest also sees an opportunity for near term capital gains. We rate the stock as buy, with a price target of 108p.
Dr David Paul
July 17th 2018
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Stanley Gibbons SGI has completed a restructuring programme which included a complete overhaul of the board and the executive leadership, costs have been reduced by some £10m and parts of one division have already been sold off but in the end it looks like things are so bad that value for shareholders can only be unlocked if the company puts itself up for sale and that is what it has now done, announcing this morning a formal sales process which could result in a sale of the company. Interested parties are invited to contact the company.
Mitie Group MTO is not paying a final dividend meaning a slump of 66% in dividends for the year and all the Chief Executive can say by way of explanation is that it has been a challenging year. In fact it was so challenging that the company managed to turn last years profit of £107.6m into an operating loss of of £42.9m. Basic earnings per share of 20.1p in 2016 were turned into a loss of 14.7p. Revenue for the year to 31st March fell by 1%.
Accounting adjustments are said to be responsible but why is the Chief Executive so tight lipped with his excuses. What were the challenges, shareholders may ask, which management failed to meet. The share price has stood up fairly well during the course of the year. After a sudden drop to 180p last September it recovered to 245p. and has jumped another 30p on opening this morning.
Eckoh ECK revenue rose by 30% and gross profit by 21% for the year to 31st March, making it the fourth consecutive year of double digit growth in both revenue and gross profit. In what the company describes as a breakthrough year, revenuei n the US jumped by 145%. The final dividend is to be increased from 0.45p to 0.48p per share. A strong start has been made to the new financial year, with monthly revenue averaging £2m.
Northern Bear NTBR claims excellent results which will be ahead of prior year results and management expectations for continuing operations in the year to 31st March. The order book for the new financial year is particularly strong and it is proposed to increase the final dividend from last years 2p. per share.