Norman Broadbent (NBB)

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FTSE AIM All-Share

 6.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 10.50
  • 52 Week Low: 5.00
  • Currency: UK Pounds
  • Shares Issued: 66.90m
  • Volume: 0
  • Market Cap: £4.52m

Norman Broadbent net fee income drops in Q1

By Iain Gilbert

Date: Thursday 25 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Professional services firm Norman Broadbent said on Thursday that net fee income had dropped in the three months ended 31 March.
Norman Broadbent said net fee income came to £2.15m in the first quarter, down 12% against the group's record-breaking Q123 but 47% higher than Q122.

The AIM-listed group said it has seen a "strong uptick in activity levels" so far in Q2, with "substantial increases" in both the volume and value of proposals.

Chief executive Kevin Davidson said: "We are comfortable with how the year has begun, with variance in quarterly NFI distribution typical over the course of a year and, of course, in the context of a still challenging macroeconomic environment. We have made a strong start to the second quarter and, while the quarterly growth rate may continue to fluctuate, our overall trajectory remains positive. Our stated ambition is to deliver EBITDA in excess of £1.25m in FY25 and we remain confident in our ability to achieve that.

"We have invested further in, and will continue to identify and carefully assess, potential new hires who can deliver NFI rapidly and, crucially, be additive to the high performance and collaborative culture we have created. In addition to adding quality people, we continue to focus on productivity, efficiency improvements and enhanced processes within the company wherever possible."

Norman Broadbent also noted that five additional fee earners were due to start in Q2 and Q3, covering digital and technology, investor practice, life sciences and industrial.

As of 1125 BST, Norman Broadbent shares were down 7.69% at 9.0p.









Reporting by Iain Gilbert at Sharecast.com

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NBB Market Data

Currency UK Pounds
Share Price 6.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 10.50
52 Week Low 5.00
Volume 0
Shares Issued 66.90m
Market Cap £4.52m

NBB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
5.71% below the market average5.71% below the market average5.71% below the market average5.71% below the market average5.71% below the market average
19.57% above the sector average19.57% above the sector average19.57% above the sector average19.57% above the sector average19.57% above the sector average
Price Trend Not Available
Income Not Available
Growth
38.44% above the market average38.44% above the market average38.44% above the market average38.44% above the market average38.44% above the market average
38.30% above the sector average38.30% above the sector average38.30% above the sector average38.30% above the sector average38.30% above the sector average

NBB Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

NBB Key Personnel

CEO Kevin Davidson
CFO Mehr Malik

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