Nice to see NAR share price at last move up in line with IT hardware sector.
I agree with most of hvs positives except NAR is still largely a box mover on the low end of the margin range of electronics distributors/assemblers. However with an enterprise value of £15m that is only 6% of sales (£15m as % of £240m) which has to be a real bargain assuming it can get back to a 2% net operating margin helped by USD weakness. If there was a bigger free float then institutions would be buying in for recovery and NAR share price would be over a £1.
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