Norman Broadbent Announces Successful AGM and Capital Reorganisation

Norman Broadbent ( (GB:NBB) ) has shared an update.

Norman Broadbent PLC announced the successful passing of all 13 resolutions at its Annual General Meeting, with over 98% approval for each. A significant outcome of the meeting was the approval of a Capital Reorganisation, which consolidates every 70 existing ordinary shares into two new ordinary shares, effective upon their admission to trading on AIM. This restructuring is expected to streamline the company’s share capital and potentially enhance marketability. The total issued share capital post-reorganisation will consist of 1,911,494 new ordinary shares, which will serve as the basis for shareholders to calculate their interests in the company.

Spark’s Take on GB:NBB Stock

According to Spark, TipRanks’ AI Analyst, GB:NBB is a Neutral.

Norman Broadbent’s overall stock score is primarily influenced by its mixed financial performance, with strong gross margins but ongoing profitability challenges. Technical analysis signals potential overbought conditions despite recent price momentum. Valuation metrics are weak due to negative earnings. Positive corporate events, including recent strong performance and strategic growth plans, provide some offsetting optimism.

To see Spark’s full report on GB:NBB stock, click here.

More about Norman Broadbent

Norman Broadbent (AIM: NBB) is a professional services firm specializing in executive search, senior interim management solutions, and bespoke leadership advisory services, operating both in the UK and internationally. Established in 1979, it was the first UK-headquartered search firm and has over 40 years of experience in shaping leadership across various industries, including Consumer, Financial Services, Industrials, Life Sciences, Investor, and TMT.

Average Trading Volume: 145,268

Technical Sentiment Signal: Sell

Current Market Cap: £2.07M

Find detailed analytics on NBB stock on TipRanks’ Stock Analysis page.