New Risk • Jul 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 29% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 29% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£15.3m market cap, or US$20.6m). Declared Dividend • Jul 19
Dividend of UK£0.075 announced Shareholders will receive a dividend of UK£0.075. Ex-date: 27th August 2026 Payment date: 24th September 2026 Dividend yield will be 6.7%, which is higher than the industry average of 4.7%. Sustainability & Growth The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 62% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Anuncio • Jul 16
Northern Bear PLC, Annual General Meeting, Sep 10, 2026 Northern Bear PLC, Annual General Meeting, Sep 10, 2026. Location: the companys registered office, a1 grainger, prestwick park, prestwick, newcastle upon tyne, ne20 9sj, United Kingdom Anuncio • Jul 14
Northern Bear PLC to Report Fiscal Year 2026 Results on Jul 16, 2026 Northern Bear PLC announced that they will report fiscal year 2026 results at 6:00 AM, Coordinated Universal Time on Jul 16, 2026 New Risk • Jun 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£14.7m market cap, or US$19.5m). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£1.19, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 11x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders of 165% over the past three years. Anuncio • Mar 19
Northern Bear plc Announces Board and Committee Changes, Effective March 18, 2026 Northern Bear plc announced that, following discussions with the Board, Martin Boden has stepped down as a Non-Executive Director and as Chair of the Audit Committee with immediate effect in order to pursue other non-executive opportunities, including audit committee chair roles. Harry Samuel, an existing Non-Executive Director of the Company, has been appointed Chair of the Audit Committee with immediate effect. A process has also commenced to recruit a permanent Finance Director. Given the timing of the year-end reporting cycle, this process is expected to extend beyond the current financial year end and the market will be updated once an appointment has been finalised. New Risk • Feb 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£17.1m market cap, or US$23.2m). New Risk • Dec 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (UK£17.1m market cap, or US$23.1m). Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to UK£1.27, the stock trades at a trailing P/E ratio of 4.2x. Average forward P/E is 13x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders of 231% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£1.48, the stock trades at a trailing P/E ratio of 4.9x. Average forward P/E is 14x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders of 267% over the past three years. Reported Earnings • Nov 25
First half 2026 earnings released: EPS: UK£0.22 (vs UK£0.084 in 1H 2025) First half 2026 results: EPS: UK£0.22 (up from UK£0.084 in 1H 2025). Revenue: UK£49.4m (up 31% from 1H 2025). Net income: UK£3.01m (up 161% from 1H 2025). Profit margin: 6.1% (up from 3.1% in 1H 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. New Risk • Nov 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 22% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (UK£16.9m market cap, or US$22.0m). Anuncio • Nov 18
Northern Bear PLC to Report First Half, 2026 Results on Nov 19, 2025 Northern Bear PLC announced that they will report first half, 2026 results on Nov 19, 2025 Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to UK£1.16, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders of 195% over the past three years. Anuncio • Sep 04
Northern Bear plc Announces Stepping Down of Steve Roberts from the Board as an Executive Director, Effective 4 September 2025 Northern Bear plc announced that Steve Roberts is on 4 September 2025 stepping down from the Board as an Executive Director of the Company. Steve agreed to rejoin the Board on 18 January 2024 following the retirement of Keith Soulsby to provide an element of continuity for shareholders, having worked within the Company and its subsidiaries since inception. Steve's contribution and support at Board level have been significant and he has contributed positively with the smooth transition of the Board to its present position. Steve will continue in his day-to-day capacity as a non-plc Board Director and part of the Senior Leadership Team which includes the Executives on the Board, and the Company continues to welcome his support. Upcoming Dividend • Aug 21
Upcoming dividend of UK£0.035 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 24 September 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (4.6%). Declared Dividend • Jul 17
Dividend of UK£0.035 announced Shareholders will receive a dividend of UK£0.035. Ex-date: 28th August 2025 Payment date: 24th September 2025 Dividend yield will be 3.7%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Jul 16
Full year 2025 earnings released: EPS: UK£0.17 (vs UK£0.095 in FY 2024) Full year 2025 results: EPS: UK£0.17 (up from UK£0.095 in FY 2024). Revenue: UK£78.1m (up 14% from FY 2024). Net income: UK£2.31m (up 42% from FY 2024). Profit margin: 3.0% (up from 2.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Anuncio • Jul 15
Northern Bear PLC, Annual General Meeting, Sep 09, 2025 Northern Bear PLC, Annual General Meeting, Sep 09, 2025. Location: the companys registered office, a1 grainger, prestwick park, prestwick, newcastle upon tyne, ne20 9sj, United Kingdom Anuncio • Jul 06
Northern Bear PLC to Report Fiscal Year 2025 Results on Jul 15, 2025 Northern Bear PLC announced that they will report fiscal year 2025 results at 6:00 AM, Coordinated Universal Time on Jul 15, 2025 New Risk • Jun 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£11.1m market cap, or US$15.0m). Anuncio • May 10
Northern Bear plc Appoints Julian Davis as Chief Financial Officer Northern Bear plc announced the appointment of Julian Davis to the Board as Chief Financial Officer of the Company, effective immediately. Julian brings extensive financial and sector-specific experience to Northern Bear. He began his career at KPMG, where he qualified as a chartered accountant. During this time, he worked closely with both listed and privately owned businesses across a range of sectors. Subsequently, Julian served for ten years as CFO at Strata Homes Limited, a prominent regional residential developer. As a key member of the executive team, he was responsible for shaping and delivering strategic initiatives and driving financial and operational performance. Following a 12-month career break after leaving Strata Homes Limited, Julian joins Northern Bear with significant experience in the construction, contracting and housebuilding sectors. The following details in relation to the appointment of Julian Davis to the Board are disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the AIM rules for Companies. Julian Nigel Davis (aged 50) has held the following directorships and/or partnerships in the past five years: Current Directorships/Partnerships: HG Advisory Ltd. Former Directorships/Partnerships (last 5 years): Beverley South Developments Limited; Checkhire Limited; Franzsigel; Goldenmane Limited; Greathome Properties Limited; Harrogate Town AFC Limited; Harrogate Town AFC Sports and Education Centre Limited; Hornthorpe Developments Limited; Ignite Homes Limited; Jam Regeneration Limited; Stampearth Limited; Strata Developments Barnsley West Limited; Strata Homes (Guiseley); Strata Homes (Wath); Strata Homes Group Limited; Strata Homes Holdings Limited; Strata Homes Limited; Strata Homes Midlands Limited; Strata Homes West Midlands Limited; Strata Homes Yorkshire Limited; Strata Land & Developments Limited; Strata Plus Limited; Strata Regeneration 2009 Limited; Strata Regeneration Limited; Strata Sterling Barnsley West Limited Tygart Limited; Weaver Developments (Woodfield Plantation) Limited. Anuncio • Mar 06
Northern Bear PLC Provides Trading Update in Respect of the Financial Year Ending 31 March 2025 Northern Bear PLC provided trading update in respect of the financial year ending 31 March 2025. The company's EBIT is likely to exceed market expectations and be in the range of £3.15 million - £3.45 million. Anuncio • Jan 02
Northern Bear PLC Announces Resignation of Tom Hayes as Director Northern Bear PLC confirmed, further to the company's Interim Results announcement on 29 November 2024, that Tom Hayes resigned as a Director of the Company and its subsidiaries on 31 December 2024. As previously stated, Tom will continue to work with the Group in a part time capacity until 31 March 2025. The Board has commenced the process of recruiting a suitable replacement for Tom and will provide a further update in this regard in due course. Reported Earnings • Dec 01
First half 2025 earnings released: EPS: UK£0.084 (vs UK£0.067 in 1H 2024) First half 2025 results: EPS: UK£0.084. Revenue: UK£37.6m (up 1.9% from 1H 2024). Net income: UK£1.15m (down 8.5% from 1H 2024). Profit margin: 3.1% (down from 3.4% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Consumer Durables industry in the United Kingdom. New Risk • Sep 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.43m (US$9.76m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Market cap is less than US$10m (UK£7.43m market cap, or US$9.76m). Minor Risk Paying a dividend despite having no free cash flows. Upcoming Dividend • Aug 22
Upcoming dividend of UK£0.02 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 25 September 2024. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (3.9%). Declared Dividend • Jul 21
First half dividend of UK£0.02 announced Shareholders will receive a dividend of UK£0.02. Ex-date: 29th August 2024 Payment date: 25th September 2024 Dividend yield will be 6.7%, which is higher than the industry average of 4.7%. Sustainability & Growth The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Anuncio • Jul 19
Northern Bear PLC, Annual General Meeting, Sep 19, 2024 Northern Bear PLC, Annual General Meeting, Sep 19, 2024. Location: the companys registered office, a1 grainger, prestwick park, newcastle upon tyne, ne20 9sj, prestwick United Kingdom Anuncio • Jul 17
Northern Bear plc Announces Board Changes Northern Bear plc announced the appointment of Simon Carr, age 65 CBE as Non-Executive Chairman of the Company with immediate effect. Anil Khera will be stepping down from his role as Non-Executive Director, with immediate effect, in order to provide the board with an appropriate balance between Executive and Non-Executive Directors. Simon Carr is a highly experienced individual with over 45 years' experience in the construction industry, having sat on the board of both private and public companies. He was notably recognised in the2020 Queen's Birthday Honours List, receiving a CBE for services to the construction industry and charity. Simon sits on the board of trustees at Beverly Minister Old Fund and is the chair of the board of Road Link (A69) Limited and Road Link (A69) Holdings Limited (both companies that Henry Boot Plc hold a majority shareholding in). He is also the Independent Company Secretary and past national chair of the National Federation of Builders. Simon was previously the Managing Director of Henry Boot Construction Limited and sat on the Executive Committee of Henry Boot Plc. He was also aprivate-sector board member for the Sheffield City Region Local Enterprise Partnership Board for eight years, sitting on a number of associated public and private sector boards. Simonsat on the CBI Construction Council for six years and is a past president of the Yorkshire Builders Federation. Simon Carr was a director of Starfish Commercial Limited, a subsidiary of Henry Boot Construction Limited, when it entered creditors' voluntary liquidation following the impact of COVID-19 on 22 September 2020 with insolvency proceedings ongoing. As of 17 November 2023, the liquidators anticipate secured preferential and preferential creditors to be paid in full, the dividend to unsecured creditors remains to be determined with insolvency proceedings ongoing. Simon Carr was a non-executive director of Wildgoose Construction Limited when it was placed into administration on 2 November 2021, later being placed into creditors' voluntary liquidation on 3 November 2022 with proceedings ongoing. As of 12 December 2023, full distribution for the secured and ordinary preferential creditors have been paid, with amounts payable to HMRC and unsecured creditors to be determined with insolvency proceedings ongoing. Current Directorships/Partnerships: Road Link (A69) Limited Road Link (A69) Holdings Limited, Beverley Minister Old Fund, National Federation of Builders Limited. Past Directorships/Partnerships (last five years): Henry Boot Construction Limited, Starfish Commercial Limited, Wildgoose Construction Limited, Wentworth Woodhouse Preservation Trust. Yorkshire Builders Federation Limited. New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£8.59m market cap, or US$10.9m). Anuncio • May 09
Northern Bear PLC to Report Fiscal Year 2024 Results on Jul 15, 2024 Northern Bear PLC announced that they will report fiscal year 2024 results on Jul 15, 2024 New Risk • Apr 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£8.11m (US$10.00m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Market cap is less than US$10m (UK£8.11m market cap, or US$10.00m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Mar 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£8.04m market cap, or US$10.2m). Upcoming Dividend • Feb 15
Upcoming dividend of UK£0.02 per share at 6.4% yield Eligible shareholders must have bought the stock before 22 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 6.4%. Within top quartile of British dividend payers (6.1%). Higher than average of industry peers (4.6%). Reported Earnings • Nov 30
First half 2024 earnings released: EPS: UK£0.067 (vs UK£0.06 in 1H 2023) First half 2024 results: EPS: UK£0.067 (up from UK£0.06 in 1H 2023). Revenue: UK£36.9m (up 8.7% from 1H 2023). Net income: UK£1.26m (up 12% from 1H 2023). Profit margin: 3.4% (up from 3.3% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Anuncio • Nov 20
Northern Bear PLC to Report First Half, 2024 Results on Nov 27, 2023 Northern Bear PLC announced that they will report first half, 2024 results on Nov 27, 2023 Anuncio • Oct 30
Northern Bear plc Provides Earnings Guidance for the Six-Month Period Ended 30 September 2023 Northern Bear PLC provided earnings guidance for the six-month period ended 30 September 2023. For the period, the company expected to report operating profit, stated prior to amortization and one-off costs (in the format used in last full year results), in the range of £1.7 million to £1.8 million for the period. New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (UK£10.6m market cap, or US$13.0m). Anuncio • Sep 14
Northern Bear plc Appoints Martin Boden to the Board Northern Bear announced the appointment of Martin Boden to the Board as a non-executive director of the Company with immediate effect. Martin Boden is a Chartered Accountant with considerable experience in high growth businesses. After qualifying as a Chartered Accountant, he worked for FTSE 100 companies including WH Smith Group, NatWest Group and then Great Universal Stores where he was Group Financial Controller, primarily Manchester based. Martin has worked as Group CFO with both AIM and FTSE 250 listed companies as well as Private Equity owned organisations, having most recently been Group CFO at Small World Financial Services Group Limited. Martin's AIM listed experience was initially with Genus plc, a global animal genetics business that moved up to the FTSE 250, and most recently with Westminster Group plc, a global aviation security services business. Martin has been an executive main board member of businesses since 2007 and has previously worked with JDR Cable Systems Limited who are based in Hartlepool and with Bettys & Taylors who are based in Harrogate. Upcoming Dividend • Aug 17
Upcoming dividend of UK£0.03 per share at 7.0% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 15 September 2023. Trailing yield: 7.0%. Within top quartile of British dividend payers (6.1%). Higher than average of industry peers (5.8%). New Risk • Jul 21
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£11.5m market cap, or US$14.8m). Anuncio • Jul 18
Northern Bear PLC, Annual General Meeting, Sep 12, 2023 Northern Bear PLC, Annual General Meeting, Sep 12, 2023, at 13:00 Coordinated Universal Time. Location: A1 Grainger, Prestwick Park, Prestwick Tyne United Kingdom Agenda: To consider dividend. New Risk • Jul 18
New major risk - Revenue and earnings growth Earnings have declined by 42% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 42% per year over the past 5 years. Minor Risk Market cap is less than US$100m (UK£10.7m market cap, or US$14.0m). Reported Earnings • Jul 17
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: UK£0.085 (up from UK£0.071 loss in FY 2022). Revenue: UK£69.7m (up 14% from FY 2022). Net income: UK£1.59m (up UK£2.92m from FY 2022). Profit margin: 2.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 7.6%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 26
First half 2023 earnings released: EPS: UK£0.06 (vs UK£0.061 in 1H 2022) First half 2023 results: EPS: UK£0.06 (down from UK£0.061 in 1H 2022). Revenue: UK£34.0m (up 13% from 1H 2022). Net income: UK£1.13m (down 1.5% from 1H 2022). Profit margin: 3.3% (down from 3.8% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Group Operations Director & Executive Director Keith Soulsby is the most experienced director on the board, commencing their role in 2012. Independent Non-Executive Director Anil Khera was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Jul 19
Full year 2022 earnings released: UK£0.071 loss per share (vs UK£0.096 loss in FY 2021) Full year 2022 results: UK£0.071 loss per share (up from UK£0.096 loss in FY 2021). Revenue: UK£61.1m (up 24% from FY 2021). Net loss: UK£1.33m (loss narrowed 26% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Anuncio • Jul 19
Northern Bear PLC, Annual General Meeting, Sep 14, 2022 Northern Bear PLC, Annual General Meeting, Sep 14, 2022, at 13:00 Coordinated Universal Time. Location: A1 Grainger, Prestwick Park, Prestwick, Newcastle Tyne United Kingdom Anuncio • Jun 29
Northern Bear PLC to Report Fiscal Year 2022 Results between Jul 18, 2022 and Jul 24, 2022 Northern Bear PLC announced that they will report fiscal year 2022 results on between Jul 18, 2022 and Jul 24, 2022 Anuncio • Jun 28
Northern Bear PLC Provides Earnings Guidance for the Fiscal Year 2022 Northern Bear PLC provided earnings guidance for the fiscal year 2022. For the year, the company expected operating profit stated before amortisation, one-off costs and other adjustments will be in the range of £2.5 million to £2.6 million. Board Change • Apr 27
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 2 highly experienced directors. No independent directors (5 non-independent directors). Group Operations Director & Executive Director Keith Soulsby is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Nov 28
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: UK£0.061 (up from UK£0.13 loss in 1H 2021). Revenue: UK£30.0m (up 49% from 1H 2021). Net income: UK£1.14m (up UK£3.62m from 1H 2021). Profit margin: 3.8% (up from net loss in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 22
Full year 2021 earnings released: UK£0.096 loss per share (vs UK£0.08 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: UK£49.2m (down 9.6% from FY 2020). Net loss: UK£1.79m (down 221% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Anuncio • Feb 16
Ian Mclean, Non-Executive Director of Northern Bear plc, Passes Away Northern Bear plc announced with great sadness that Ian McLean, a Non-Executive Director of the company, passed away this week following a short illness. Anuncio • Jan 05
Northern Bear plc Appoints Mr. John Holroyd as Non-Executive Director Northern Bear, announced the appointment of Mr. John Holroyd to the Board as a non-executive director of the Company with immediate effect. Mr. Holroyd is both a Chartered Accountant and a Chartered Tax Advisor. He became an audit and advisory partner in the firm of Neville Russell in July 1990. Neville Russell merged its practice with the International firm of Mazars and Guerard in September 1998 and the UK arm of the enhanced business became Mazars LLP in August 2004. Is New 90 Day High Low • Dec 23
New 90-day low: UK£0.48 The company is down 9.0% from its price of UK£0.53 on 23 September 2020. The British market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 31% over the same period. Reported Earnings • Nov 27
First half 2021 earnings released: UK£0.13 loss per share The company reported a poor first half result with weaker earnings, revenues and control over expenses. First half 2021 results: Revenue: UK£20.1m (down 28% from 1H 2020). Net loss: UK£2.48m (down 348% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 15
New 90-day low: UK£0.51 The company is down 8.0% from its price of UK£0.56 on 17 July 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is down 2.0% over the same period.