A “Proposed Tender Offer, GM Notice & Trading Update”-titled announcement from building and support services company Northern Bear (NTBR) and the shares currently up by more than 25% at 60p to buy in response. So how good is the news?
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Northern Bear (NTBR), Oxford Advanced Surfaces (OXA), Plutus Powergen (PPG).
Northern Bear (NTBR), a UK building services group, is a most disappointing recommendation from my past. I first recommended the shares at 71.5p in December 2008 and though they have recovered a bit from lows of 8p earlier this year, they currently trade at 11.75p having been buffeted by fears about the company’s balance sheet and its operating environment. I can only apologise for what was a duff tip. In the following I take a renewed look at the investment case.









