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NARS Nationw.Acc

98.50
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nationw.Acc LSE:NARS London Ordinary Share GB00B15RR673 ORD 12.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 98.50 0.00 00:00:00
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 98.50 GBX

Nationwide Accident Repair Svc (NARS) Latest News

Real-Time news about Nationw.Acc (London Stock Exchange): 0 recent articles

Nationwide Accident Repair Svc (NARS) Discussions and Chat

Nationwide Accident Repair Svc Forums and Chat

Date Time Title Posts
24/7/201511:35Nationwide Accident Repair : Investment appeal ?534
13/3/201519:59*** Nationwide Accident ***5
14/7/201219:03Nationwide Accident Repair Services6
07/12/200913:27NARS...time to buy???78
02/2/200914:24Snow ! Crash repairers seem likely to benefit-

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Nationwide Accident Repair Svc (NARS) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Nationwide Accident Repair Svc (NARS) Top Chat Posts

Top Posts
Posted at 24/7/2015 11:35 by aleman
NARS take out JCR at 118p.
Posted at 22/5/2015 17:16 by battlebus2
Not long now until we get our cash, I don't know about everyone else but it seems to have dragged on..

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

The following dates are indicative only and
are subject to change(1)

Last day of dealings in NARS Shares
The last business day before the Court Hearing
Scheme Record Time
6.00p.m. on the last business day before the Court Hearing
Court Hearing
3 June 2015
Effective Date of the Scheme
3 June 2015 (1)
De-listing of NARS Shares

Despatch of cheques and crediting of CREST for cash consideration due under the Scheme
7.00a.m. on the business day following the Effective Date (1)
Within 14 days of the Effective Date
Long-Stop Date
31 August 2015 (2)


1 These dates are indicative only and will depend, among other things, on the date upon which (i) the Court sanctions the Scheme, and (ii) the Court Order is delivered to the Registrar of Companies.
2 Or such later date, if any, as NARS and CSP Bidco may agree and the Panel and Court (if necessary) may allow.

All references in this document to times are to London time unless otherwise stated.
Posted at 22/4/2015 06:21 by battlebus2
Great results that say to me we were sold on the cheap.
The share price could well have been trading around the £1 mark with this mornings results.
Completion on 31st May subject to shareholder approval.
Posted at 11/3/2015 07:20 by paleje
FT this morning reporting tough times for motor insurers, good for motor repairers though I would think:-

Financial Times: The share prices of UK motor insurance providers went into reverse on Tuesday, with Esure leading the falls with a 9% drop after it highlighted a rise in accident claims that coincides with robust economic growth and lower fuel prices.
Posted at 05/3/2015 19:38 by sweet karolina
Not sure which complete moron decided to vote my earlier post down, possibly a moron who thinks more highly of QPP than of NARS.

With the holdings RNS's out already, it would appear the shares were mostly placed with genuine holders, as I hoped they would be.

QPP are going down the pan and very quickly by the looks of things with one of their subsidiaries with a CCJ and now another facing a winding up order for non payment of bills.

Being shot of QPP as a major shareholder should come as a massive relief and I hope the share price responds accordingly best of luck.
Posted at 05/3/2015 07:16 by sweet karolina
QPP have placed their NARS holding - this will be confirmed by a holdings RNS in the next few days.

The same basic rules then apply as to an ordinary placing where the company issues more shares. Look out for the holdings RNSs for those who bought. Hopefully the placing has gone to a small number of genuine investors who have exploited QPP's misfortune to pick up a bargain.

It looks like NARS is in a close period, so directors will not have been able to take part, If the company has a resolution for share buy backs then they may have taken advantage, but if they don't then I don't think they can use company money to buy their own shares.

Take the number sold, then take away the numbers bought as announced in holdings RNSs and you can then assume that at least 90% of the difference will be flipped on for a quick profit. With that number look at the average daily volume, divide buy 2 as only half are buys, divide by 2 again because the flippers will not be the only sellers and you will have a rough idea of how long the overhang may take to clear and therefore how painful it might be.

No position here just advising on normal market process, I hope the overhang is small and you all do well out of QPP's misfortune. For what it is worth NARS would appear to be one of QPP's better investments. The fact that they have been able to sell it now in this way rather that as a fire sale later bodes well for NARS.
Posted at 15/1/2015 10:04 by salpara111
The reason why I have not invested is due to an article I read in the FT a couple of months ago where it was alluded that QPPs stake in NARS was tentatively being offered around the city and that one unnamed broker had suggested that a sale price would need to start with a 4! clearly their view was that if QPP was a distressed seller they were going to pay bottom dollar.
I don't think that things are as bad as that but equally it is clear that big stakes pretty much always change hands for a discount to the current share price
Hopefully this QPP "overhang" situation should resolve itself in the next few months and leave NARS clear to re-rate.
Posted at 12/1/2015 09:41 by davebowler
Westhouse;
Nationwide Accident Repair Services*
Buy




NARS.L / 69.00p / £29.81m / TP: 100p




Event: Trading statement




Likely % change in earnings forecasts: +5% to +10%





Nationwide Accident Repair Services (NARS) – positive trading update

NARS has reported a good finish to the year with group revenue expected to be c.£184.om (vs. our forecast of £180.0m). Partly as a consequence of this, together with improved operational efficiencies and economies of scale. adj. PBT will be ahead of management expectations. We now forecast £5.26m of adj. PBT vs. £4.9m previously. The net cash position of c.£1.5m at end December is significantly ahead of our forecast of £5.5m of net debt. This is all the more commendable after net outflows of more than £13.0m relating to the acquisitions of Howard Basford and Gladwins in the year. These acquisitions have performed in line with management expectations and the major contracts signed in 2014 contributed to the group’s performance in the second half of the year.

We believe that NARS is well-positioned to show profit growth both organically and through further acquisitions in due course. Ahead of the 2014 results which are expected to be announced in mid-April we make no changes to our 2015 forecasts of £5.7m adj. PBT on £200m of revenue. We also maintain our Buy rating and 100p target price with the risk to the latter on the upside in our view.
Posted at 20/11/2014 07:57 by spob
The board should def not buy the shares back

They should wait until qpp becomes a forced seller at any price

Only after that process has concluded should NARS go into the market and buy back shares at a silly price just as I would do myself

Not saying it will play out that way

But that's the best way to go about it


NARS should not try to defend the share price by buying directly from the qpp administrators :) ( not saying qpp will go bust but many others value the company at 0p and do expect it to be suspended )

It is in the best interests of long term shareholders for NARS to do any future buy backs at the lowest possible price
Posted at 25/9/2013 07:06 by spob
Embargoed for release until 7.00 25 September 2013

Quindell Portfolio Plc

("Quindell" or the "Group")

22.5% Investment in Nationwide Accident Repair Services plc

Quindell Portfolio Plc (AIM: QPP.L), the provider of sector leading expertise in software, consultancy and technology enabled outsourcing in its key markets, being Insurance, Telecommunications and their related sectors is pleased to announce that the Company has acquired 22.5% of Nationwide Accident Repair Services plc (AIM:NARS.L) ("NARS"), the largest dedicated provider of accident repair services in the UK.

9,700,423 shares, representing approximately 22.5%, in aggregate, of the issued share capital of NARS were acquired on 24 September 2013 from the shareholders listed in the table below in exchange for the issue by Quindell of 50,151,187 new Ordinary Shares of 1 penny each in the Company, a ratio of 5.17 new Quindell shares for each NARS share.


NARS Shareholding
Shareholder pre- investment Shares sold to Quindell Shareholding post
investment
% Number % Number %

Miton Group (note 1) 14.5 6,261,000 14.5 - -
Octopus Investments Nominees
Limited 8.0 3,439,423 8.0 - -
Total 22.5 9,700,423 22.5 - -


Note 1: As investment manager subject to necessary consents

At the closing mid market price on 23 September 2013 for Quindell shares of 16.25p, the share exchange values each ordinary share in NARS at 84.0 pence, representing a 71.5% premium on the closing mid market price of 49.5 pence per NARS share on the same date, or a 29.2% premium on the average closing mid market price of 65.0 pence per NARS share over the last six months.

Application has been made for 50,151,187 shares to be admitted to trading on AIM. Admission of the shares is expected to occur on 3 October 2013. Following Admission, Quindell will have 4,277,312,805 ordinary shares in issue. The Company has no ordinary shares held in treasury. The total of 4,277,312,805 ordinary shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Rob Terry, Founder and Chief Executive of Quindell said: "We are delighted to be announcing this latest strategic investment in line with our stated strategy of having a direct ownership stake in repair services networks that can take advantage of the volume we manage for our clients. We look forward to exploring with the Board at NARS future opportunities for working together in the market leveraging our combined volume, driving forward the lowering of the costs of claims for the insurance industry and broadening our overall proposition in insurance outsourcing."
Nationwide Accident Repair Svc share price data is direct from the London Stock Exchange

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