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HHR Helphire Grp.

5.80
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Helphire Grp. HHR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 5.80 01:00:00
Open Price Low Price High Price Close Price Previous Close
5.80 5.80
more quote information »

Helphire Grp. HHR Dividends History

No dividends issued between 26 Apr 2014 and 26 Apr 2024

Top Dividend Posts

Top Posts
Posted at 18/5/2014 08:41 by parsons
I increased my holding yet again this is now very cheap there has been no bad news at all. The problem is IMHO that a lot of holders are still in with shares from the open offer and when they have other losses (QPP,GBO and numerous small miners) they tend to sell profitable shares ie HHR. There is also the consolidation which always confuses some investors and very often leads to falls if it does I shall top up again. The fact is that the price is on a low single figure PE which is crazy for a company growing profits and dividends. I have most of my holding in my SIPP. This is a perfect investment for SIPPs and ISAs. I am well happy with HHR it has been very frustrating for the last year but they have constantly suprised on the upside. GLA
Posted at 13/5/2014 19:17 by simon templar qc
bc4

Prospective 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 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 01/5/2014 09:03 by simon templar qc
Crazy the share price is now a high dividend yield which the market has not digested as yet.
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 20/3/2014 09:37 by bc4
madmix the dividend policy is to pay as much out of profits as possible
Dividends

Two interim dividends were declared on 27 September 2013 (0.110 pence per share paid on 25 October 2013) and 28 November 2013 (0.171 pence per share paid on 10 January 2014).

The board has pleasure in declaring a third interim dividend of 0.054 pence per share payable on 27 March 2014 to those shareholders on the register on 7 March 2014 (2012: GBPnil). This dividend makes a total of 0.335 pence declared for the year to date.

The board expects to declare any final dividend with its full year results for the year ended 30 June 2014 at the end of September 2014.

I am pleased to note that dividends declared in the 12 months since the GBP25.6 million open offer and placing at 2.5 pence that was completed on 28 March 2013 amount to 0.500 pence per share and total net dividends of GBP8.5 million. The total dividends per share of 0.500 pence equates to a net dividend yield of 20% over the period for those
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 25/2/2014 23:46 by bc4
Well by saying end of FEB it allows them a few days leeway for any news. Just in case anybody did not know

On 27 November 2013, Helphire indicated its intention to announce a second
interim dividend for the current year with the publication of its results for
the six months ending 31 December 2013 and that the Board expected the second
interim dividend to be 0.171 pence per ordinary share (approximately GBP2.7
million in aggregate).

The Board confirms that the second interim dividend will be 0.171 pence per
ordinary share and that it will now be brought forward so that it is paid on 10
January 2014 to those shareholders on the register at the close of business on
13 December 2013.

In addition, in the absence of unforeseen circumstances, the Board intends to
announce a third interim dividend for the current year in late February 2014
when releasing its results for the six months ending 31 December 2013. Any
third interim dividend will be payable in March 2014
Posted at 11/2/2014 10:53 by cheshire man
I'm sure they have put that £60 million to good use,,,,,,,,,as I've said not long to find out !,,,,,,,,all IMO


HELPHIRE GROUP PLC - £60M Placing to Fund Strategic Growth and Notice of GM
PR Newswire

London, December 4



Helphire GROUP PLC

£60M PLACING TO FUND STRATEGIC GROWTH

Introduction

The Board of Helphire is pleased to announce that it has conditionally raised
£60 million (before expenses) by the proposed issue of 1,153,846,160 Ordinary
Shares at 5.2 pence per share. The net proceeds of the Placing of approximately
£57.5 million will be used to allow Helphire to continue its development as a
leading accident management services group.

The Placing is conditional upon, among other things, the approval of
Shareholders at the General Meeting. A circular relating to the Placing
containing a notice convening the General Meeting is expected to be posted to
Shareholders today.

Background and reasons for the Placing

Helphire's financial position has improved markedly through its refinancing,
which was completed in March 2013, and improved trading. The Group's financial
position has been transformed, it has returned to profitability and it has
recommenced dividend payments. Helphire is now in a position to grow its
business and intends to use the net proceeds of the Placing to fund its
strategic growth plans.

The Group is firmly established as a leader in the motor vehicle accident
management market. For many years the Group has provided its customers with a
comprehensive replacement vehicle and repair service, managed incidents for its
customers and arranged personal injury legal services for them. Using ABS
licensed entities, the Group intends to develop a top tier UK personal injury
legal services business in order to provide a comprehensive range of services
to its referral partners. The Group is actively considering acquiring
additional businesses in the accident management supply chain, including (but
not limited to) legal businesses, in order to build its presence in the market
more rapidly and has identified a shortlist of potential targets.

Dividends

The Company has decided to accelerate the date for payment of the second
interim dividend for the current year so that it is paid by reference to the
pre-Placing shareholder register. The second interim dividend will be paid on
10 January 2014 to those Shareholders on the register at the close of business
on 13 December 2013.

In addition, in the absence of unforeseen circumstances, the Board intends to
announce a third interim dividend for the current year in late February 2014 as
part of its announcement of results for the six months ending 31 December 2013.
Any third interim dividend will be payable in March 2014.

Placing

The Placing is not underwritten, but the Placing Shares have been conditionally
placed by Cenkos Securities, as agent for the Company, with institutional and
other investors in accordance with the terms of the Placing Agreement.

The Placing Agreement is conditional upon, among other things, certain
resolutions being passed at the General Meeting, Admission of the Placing
Shares becoming effective before 8.00 a.m. on 24 December 2013 (or such later
time and/or date as the Company and Cenkos Securities may agree, but in any
event by no later than 8.00 a.m. on 7 January 2014), the performance by the
Company of its obligations under the Placing Agreement and the satisfaction or,
where appropriate, the waiver of certain other conditions set out in the
Placing Agreement.

Subject to Admission, the Company will issue 1,153,846,160 Ordinary Shares to
raise £60 million before the expenses of the Placing (approximately £57.5
million after expenses).

The Placing Shares will represent approximately 42.3 per cent. of the Enlarged
Share Capital. The Placing Shares will, following Admission, rank in full for
all dividends and distributions declared, made or paid in respect of the issued
Ordinary Share capital of the Company by reference to record dates falling on
or after their date of issue and otherwise rank pari passu in all other
respects with the Existing Ordinary Shares. The Placing Shares will not qualify
for the second interim dividend.

The Placing Price represents a premium to the closing mid-market price of 0.2
per cent. per Ordinary Share as at 4 December 2013 (being the latest
practicable date prior to the date of this document).

Martin Ward, Chief Executive Officer of Helphire said:

"This fundraising is a very positive step for Helphire, building upon the
Group's recent successes. We are very pleased that such strong support has been
shown for our plans to develop Helphire's business and enhance the range of
accident management services we provide to our customers."

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