Market's view on Northamber
Published on April 2024
- Stock watchers have highlighted consistent excuses from management about uncontrollable circumstances rather than addressing strategic errors in positioning and pricing.
- Disappointment is expressed with the ongoing portrayal of the management as clueless, especially given the lack of profit and stability.
- Another watcher suggests the potential for the company to go private using surplus cash to buy out private investors, due to prolonged profitability issues.
- Worsley Investors has increased their shareholding, prompting discussions about the implications and underlying strategies.
- There are reflections on the company's historical issues with "empty revenues" and unsuccessful management strategies.
- Concerns have been voiced over a potential large financial discrepancy related to a director's company, raising doubts about the financial health portrayed in official statements.
- A watcher contemplates whether the company might be used as a shell, suggesting uncertainty about its operational intentions.
- Surprise is shown over a rare trading profit report, indicating this is an infrequent occurrence.