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Northamber plc – leaves warning on trading until results approaching 4 months after year-end! …

By Steve Moore | Friday 23 October 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Today’s full-year results announcement from Northamber plc (NAR) shows second half revenue down approaching 9% and a loss increased to £0.60 million (taking the full-year loss to £0.89 million). Not great, but even worse when factoring in that the company’s interim results statement included that it was “hopeful” that an “improved trading performance will continue… The board is confident that the company is well placed to benefit from further improvements in revenue growth” and that there has only been one announcement (a “Change of Adviser”) in between! …


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