Northamber warns of uncertainty ahead

Computer hardware supplier Northamber's share price decline shows no sign of abating following a disappointing trading statement for the first quarter on Wedesday.

Computer hardware supplier Northamber's share price decline shows no sign of abating following a disappointing trading statement for the first quarter on Wedesday.

The company warned that.turnover in the first quarter was "marginally lower" than for the final quarter of the previous financial year, which was "a reflection of the contraction in our sector, the summer months and the Olympics."

"With contraction in volumes, our ability to earn retrospective volume rebates was significantly affected and reduced overall margins. This resulted in first quarter margins almost one percentage point lower when compared with the prior year as a whole."

Alarmingly, it concluded: "Our economy and our sector are in a state of flux and it is difficult to report any accurate assessment of the short term future. We can but maintain efforts to concentrate on delivering profitable revenue, alongside our well-repeated mantra of controlling costs whilst taking whatever opportunities that emerge."

For those value orientated investors who collect cigar butts, there was some more positive news as it revealed that its net asset value a share at 85p was only slightly lower than at the end of June (85.7p a share).

At 15:50 the shares, down four pence, had hit a low for the year of 32.5p.

CM

Recommended

Share tips of the week - 12 August
Share tips

Share tips of the week - 12 August

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
12 Aug 2022
Britain’s ten most-hated shares – w/e 9 August
Stocks and shares

Britain’s ten most-hated shares – w/e 9 August

Rupert Hargreaves looks at Britain's ten most-hated shares, and what short-sellers are looking at now.
10 Aug 2022
Aviva: One for income investors to tuck away
Share tips

Aviva: One for income investors to tuck away

Insurance giant Aviva is one of the highest yielding stocks in the FTSE 100 – and it’s cheap, too, making it a tempting target for income investors. R…
10 Aug 2022
Director dealings w/e 5 August: what company insiders are buying and selling
Stocks and shares

Director dealings w/e 5 August: what company insiders are buying and selling

Directors’ share dealings can often give investors an insight into the sentiment of company insiders. Here are some of the biggest deals by company di…
9 Aug 2022

Most Popular

Don’t listen to the doom-mongers – the future is bright
Economy

Don’t listen to the doom-mongers – the future is bright

With volatile markets, raging inflation and industrial unrest, it may feel like things are bad and likely to get worse. But the end of the world is no…
15 Aug 2022
Are UK house prices set to fall? It’s not so simple
House prices

Are UK house prices set to fall? It’s not so simple

Figures suggest UK house prices are starting to slide, but we shouldn’t take these numbers at face value, explains Rupert Hargreaves.
11 Aug 2022
How solar panels could lower your energy bill
Energy

How solar panels could lower your energy bill

Solar-panel installation firms are reporting a four-fold increase in orders this year compared with 2021. Ruth Jackson-Kirby explains how solar can he…
14 Aug 2022