Northbridge Industrial Services (LON: NBI) is the topic of conversation when Equity Development Analyst David O’Brien joins DirectorsTalk. David explains why he is sure the company have now turned a corner despite lower oil prices in Q4 2018, why he uses the term ‘operational gearing’ a number of times in his note, further acquisitions and chances of a dividend.
Northbridge Industrial Services plc hires and sells specialist industrial equipment. With offices or agents in the UK, USA, UAE, Belgium, Germany, France, Australia, New Zealand, Malaysia, Singapore, China, Brazil and South Korea, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, banking, mining, construction and the public sector. The product range includes loadbanks, transformers and oil tools. Northbridge was admitted to AIM in 2006 since when it has grown by providing a high level of service, responsiveness and flexibility to customers, by the acquisition of companies in the UK, UAE, Australia, Belgium, New Zealand and Singapore and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.