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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Helphire Grp. | LSE:HHR | London | Ordinary Share | GB0004195219 | ORD 0.01P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.80 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 5.80 | GBX |
Helphire Grp. (HHR) Share Charts1 Year Helphire Grp. Chart |
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1 Month Helphire Grp. Chart |
Intraday Helphire Grp. Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/5/2014 | 09:11 | Helphire Group - 2012 - Optimism Returns | 6,362 |
| 16/2/2014 | 16:36 | helphire group | 1 |
| 02/1/2014 | 16:42 | Helphire Group - Recovery from 29/2/08 | 192 |
| 14/3/2013 | 16:20 | Helphire Group - 2012 and Beyond (Troll Free) | 823 |
| 10/12/2012 | 21:11 | King Rat Tip #2 : Helphire Group plc | 3,828 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 16/5/2014 10:57 by bc4 Looks like someone could be shorting HHR, good update, funds increasing their stakes but the share price falls normally the other way round |
Posted at 14/5/2014 07:17 by simon templar qc ant15,I agree its a completely different company now and the fundamentals much stronger now its got cash and strongly cash generative. Its ludicrous the share price being so low on forecast yield. You would normally see a high yield stock at risk as a dividend may be cut but here we have the company about to generate good cash they want to pay some of it back in dividends. After consolidation I would hope to see a stronger share price. |
Posted at 13/5/2014 19:17 by simon templar qc bc4Prospective dividend yield over 10% on current share price, that implies there is ample upside on yield alone. If the share price doubled the prospectus yield would still be 5%. With strong cash generation I see no problem on forecast yield. |
Posted at 13/5/2014 13:06 by simon templar qc Singer:Strong Q3 Trading The update issued this morning indicates that trading performance has continued strongly, following initial optimism at the Interims in February. This has manifested itself in a more profitable mix of case types. The trading results for the newly acquired New Law exceeded budgeted performance in the first month as a consolidated subsidiary of Helphire. Name Change, Share Consolidation The company name will become Redde plc (associated in latin to "restoration") on 23rd May, to reflect a broader range of services to "restore the customer to their position prior to the accident". Also, pending shareholder approval, the shares will be consolidated 1 for 10, to allow reporting of EPS and a share price in a conventional range more suited to Helphire's corporate profile. Cash Generation Continues Net cash stood at £33m at the end of March excluding the residual proceeds of the December equity raise, net cash was £8.7m (H1'14 £4.4m). An interim dividend of £4.2m has been paid in the period. Taking these factors into account the group has generated £8.5m underlying cash flow for shareholders in Q3. A creditable performance reflecting both underlying profitability and improved working capital management, where debtor days fell again to 128 days (vs H1'14 135, Q3'13 140) with further reductions expected. Upgrading Forecasts We upgrade PBT forecasts by 7-12% FY14-16. Specifically, FY14 PBT to £10.9m (+12%, prev £9.8m) and FY14 EPS to 0.50p (+24%, 0.41p). We make a corresponding upgrade to our final dividend to 0.29p, bringing FY14 DPS to 0.5p (+19%). In light of strong cash generation we increase our FY14 net cash to £33.7m (£26.4m). Valuation We recognise that there has been some de-rating in the comparables we use to value Helphire. Using our blended average, 70% EV/EBITA (using The Innovation Group's multiple, now 9.4x cal'15) and 30% DCF (increased from 11.1p to 11.8p) gives an unchanged 8.7p 12m Target Price. We retain our BUY recommendation. |
Posted at 13/5/2014 08:21 by simon templar qc Have read Singer brokers forecasts and here are the highlights: N+1 Singer 41.7% upside and estimate dividend yield of 8.2% FY14 Generated underlying cash of £8.5 million in Q3 PBT upgraded forecasts 2014 + 12% to £10.9m eps 0.50 up 24%! Upgrade final dividend to 0.29p bringing FY 14 dps to 0.5p 19% FY 14 net cash to £33,7 million (£26.4 million) Brokers looking for DPS of 0.7P in 2016 Overall view with 40% upside on share price this is a good yielding stock. I expect the share price to motor forward soon. |
Posted at 30/4/2014 12:34 by oldtown Helphire was at the time a grossly overvalued company, hence the short attack, i wonder why QPP was chosen for a bear raid?Would a report on some obscure blog in the USA knock 50% of Tesco's share price? QPP and bear attacks are a match made in heaven. hhr looking set for a move up. |
Posted at 07/4/2014 16:41 by nicky name I expect that HHR realises the importance of telematics and that this is behind Avril's new chair role. QPP seems to have a bit of a head start, but if HHR emulates the model (which HHR always intended to, but got waylaid by the financial crisis) it should claw its way back.Has anybody else noticed the link between New Law and Brightside Insurance brokers? (Helen Molyneux is not only C.E.O. of new Law but also a director of Brightside) If HHR can put together car hire/repair, solicitors, telematics and insurance broking, it is on the road to high margins a la Quindell imo. |
Posted at 12/3/2014 10:54 by steamy001 Hi 1fox1,I held a significant holding in HHR from 2p to 4p, I saw a lack of direction in HHR and a never-ending wait for autofocus settlement, during my research on HHR I tripped across QPP, it did not take long for me to recognise a better opportunity for my moneys, so I quit HHR and moved into Quindell, currently up over 300% with profits over £2m, clearly this rise has left my portfolio out of balance, as HHR was a previous investment that I profited from I intend to return to it, maybe I made a mistake leaving HHR, but investing in Quindell has been very profitable just like it was when I invested here, not quite sure why BC4 is such a hater on me, but each to their own. Regards Steamy |
Posted at 01/3/2014 12:46 by bains123 Posted on lse:Helphire (HHR.L) announced on Thursday that they had agreed terms to acquire the New Law group of companies for a cash consideration of £24.5m plus up to £10.5m in HHR shares, subject to achievement of EBITDA targets for 2013 and 2014. This strategic acquisition strengthens Helphire's market position in terms of vertical integration and extended reach while also enhancing earnings the acquisition adds £7m pre-tax profits on sales of £29.4m. Having raised £60m for strategic growth in December 2013, it is clear that further earnings enhancing acquisitions are likely to follow. Alongside details of the acquisition, Helphire also announced interim results for the half year ended 31st December 2013 and a third interim dividend of 0.054p per share. The interim results showed increased pre-tax profits of £4.2m on revenues of £92.3m. These revenues were down 16% year-on-year and this was attributed to the ban on referral fees for personal injury claims from 1st April 2013. Clearly HHR leadership anticipated the shifting landscape of their sector and have taken measures to protect and grow the overall business, not least through their acquisition strategy. There has been a somewhat mooted response to this news with a slight softening of the share price. It is difficult to understand why other than the "buy on rumour, sell on news" mindset. As things currently stand, the new enlarged group should have annual profits of around £15-16m against a market capitalisation of c£180m with significant tax losses to carry forward. With a further £35m in cash to make further earnings enhancing acquisitions and a prospective yield of over 5%, I believe it is only a matter of time before the shares are re-rated. In the meantime, the progressive dividend policy and the prospect of a special dividend from a potential litigation settlement makes it fairly easy for investors to be patient. |
Posted at 16/2/2014 11:34 by mirabeau Very interesting analysis from - in January saying that HHR could be worth around £420m (now £179m) = 2.3x upside-- Magic Hat Portfolio: Reviewing Helphire Tuesday, Jan 07 2014 by Mark Carter On 19 December 2013, I reported that I wanted to change my public portfolio on - from a defensive style to a Magic Formula style. I just didn't think I could achieve significantly superior outperformance using the former approach. So now I am experimenting with the Magic Formula. My aim is to beat both the ASXX (All-Share Index ex. Inv Trusts) and the shares chosen by - as part of the Magic Formula screen over the long term. The transition will take a year, as I rotate a share on a monthly basis. Can a monkey that follows -'s approach blindly outwit the intellect of a former Mensan? Prepare for Epic Fail. Since the portfolio is only beginning its transition, I'm making the sell rule simple: eliminate a low-scoring share. You will see that, on Friday, I sold out of SGE (Sage) to clear up some cash for the purchase. The MF score is 75 which actually isn't too shabby. Whilst we could argue if the PE of 16.7 is a bit toppy for what it is, I reckon it wouldn't make a bad hold for those wanting to practise some "strategic indolence". In terms of what to buy, my basic plan is to keep it as simple as possible: reject the Chinese stocks, and buy where directors have bought. However, I noticed that there is currently a lot of BB discussion about one MF candidate: Helphire (LON:HHR) : "The Company is engaged in the provision of non-fault accident management assistance and related services. Its main revenue is derived from replacement vehicle hire, the financing of vehicle repairs and the management of personal injury claims for the innocent parties involved in motor accidents." On further investigation, I am going to forego the simple selection, and instead discuss the merits of HHR. It has a market cap of £166m, a ROC of 58%, an EY of 22%, and an MF rank of 95%. Their seems to be some "special situation" occurring with HHR. - lists its (FCF) Price to Free Cashflow as 5.78, which is very low. The great thing about - is that it actually breaks down the cashflows. In the latest set of accounts, it has £31.2m in CFO (Cash from Operating Activities), and net cash inflow of £29.0m from investing activities. The company has had a number of such inflows over the years, and seems to be related to disposal programs. Although revenues have halved from 2008 to 2013, ROCE has actually improved. Let me ignore these disposals, and strip out what look to be expectional investing inflows. It appears, then, that a reasonable estimate of capex expenditures is about £2.5m. So free cashflow is about £28.7m (=31.2-2.5). Given a market cap of £166m, that means that my adjusted PFCF is 5.78 (=168/28.7). That's an implied return of 17% (the inverse), which is very good. But I think the story is even better than that. The company had net cash at the year end. The interest paid last year was £460k, which I am going to take as negligible. What's more, on 5 December 2013, the company placed £57.5m to grow its business. The shares represent 42.3% of the enlarged share capital. They were also placed at a premium to the market, which shows quite some interest. The company has a ROC of 58% and a ROCE of 39%, as calculated by -. Suppose it can only generate a 10% return on the money placed, though. Maybe it will take time to invest its money, or whatever. I will also assume no gearing. So a 10% return on £57.5m placing, add in £28.7m existing cashflows, gives forward free cashflows of about £35m. How much will the market pay for these cashflows, given its high ROC and low gearing? I don't know, but i would certainly hope more than 10. 15? Very feasibly. Let me split the difference and call it 12X. So we're looking at a company that may be worth £420m (= 12 multiple x 35m free cashflows). Current market cap: £165m. Seems like a lot of upside there, which is why I want to put it in the portfolio. - See more at: hxxp://www.-.com/con |
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