Helphire Grp. Share Discussion Threads

[skinny] 01/5/2014 07:05

Current trading exceeding expectations

The Board of Helphire Group plc ('Helphire' or 'the Group') is pleased to
announce that the encouraging start to the second half of the Company's
financial year that we reported on 27 February 2014 has strengthened further
and trading for the third quarter of the financial year has exceeded the
Board's expectations.

Trading results for the New Law group of companies for March 2014, the first
month following completion of the acquisition on 28 February 2014, were also
higher than internal expectations, giving the Board further cause for
encouragement. This acquisition has been well received in our marketplace and
has given rise to a number of potential additional opportunities for the Group
to pursue.

Cash collections during the period since 31 December 2013 have continued to be
strong and, as a consequence, statutory debtor days at 31 March 2014 in the
historical Helphire businesses were reduced to 128 days compared to 135 at 31
December 2013 and 140 at 31 March 2013, and further reductions are expected.

Net cash balances (net of fleet financing) were £33.0 million at 31 March 2014
(£8.7 million excluding the residual net proceeds of the December 2013 share
placing). This compares with comparable net cash at 31 December 2013 of £62.0
million (£4.4 million excluding the residual net proceeds of the December 2013
share placing). The company has also paid net dividends totalling £4.2 million
in the three months to 31 March 2014.

Commenting on the Group's thirdquarter trading, Martin Ward, Chief Executive
Officer said:

"The changes to the business model implemented over the last few years together
with our focus on operational excellence and quality, leading to a consistent
high customer satisfaction rating, has underlined a strong performance that has
exceeded our own expectation. Our strategy is to grow and develop our position
in the insurance marketplace and to seek out opportunities to broaden our
service offering. The acquisition of New Law in February this year is a major
step to supporting our aims and we continue to press for further market
opportunities that enhance value whilst retaining a strong reputation for
delivering quality services."

[jam2day] 30/4/2014 23:48

XPAN

Makes perfect sense Woodford has started his own fund management so I would think a lot of Invesco investors will move with him,

[modform] 30/4/2014 22:01

Yes invesco reduced holding from 29% to 23%.

[xpan] 30/4/2014 21:51

If you read the announcement carefully you will see that investor have merely had some funds under management transfered to another fund manager .... There has been no sales.

Neil wooodford has left invesco - perhaps it's him?

[ant15] 30/4/2014 21:18

All familiar faces from QPP Holding both, more of this. The board members of this company are excellent ( award winning ). There is some researching to do Profits are growing and they are cashed up for action. Good to see you all here too.

[nicky name] 30/4/2014 18:53

If Invesco has stopped selling this must be a good thing. If they keep selling, not so good! I always thought that Invesco would participate in and influence corporate action one day.
Invesco reducing makes me think it less likely that HHR will be taken over, but it should increase its margins now that it owns New Law, and it pays nice divis.

[bc4] 30/4/2014 13:51

Yes volume picking up on a up day normally a good sign

[oldtown] 30/4/2014 12:34

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.

[nicky name] 30/4/2014 12:27

oldtown do you not remember the numerous bear raids that Helphire has suffered over the years from people like you? Cawkwell likes attacking these companies because of their cash flow profile. But I agree that Helphire now looks steady because it is not growing like Quindell, which is now the market leader.

[the handyman] 30/4/2014 10:35

Well said Mrs Capricious71, the market is not all about charts, accounts and directors dealings [which can sometimes be a desperate measure to keep heads above water - although not in this case]. One final, essential element is that good old 'gut-feeling'. It allows me to take a number of chances during the course of the year, whereas some investors might sit and wait for announcements or results.

[montynj] 30/4/2014 08:26

Sharewatch had recommended HHR but note today's fantastic maiden results from their other tip this year. Gameaccount (GAME) Net Revenue increased by 123% to 12.3m (2012: 5.5m) .Ebitda1 from3.8m to 4.1m (2012: GBP0.3m. Pretax to GBP1.6m (2012: LossGBP1.0m). Eps to 0.04 (2012: 0.01Note the almost £17m cash and £4.1m EBITDA against the £59m m/cap.

[oldtown] 29/4/2014 19:45

Yeh right capricious. i may spend some of my qpp short bounty here,it pays a proper divi to boot!
Also it has straightforward accounts, doesn't aggressively book profits before they are realised, has positive cash flow , low debtor days,does not have the penchant for selling business back and forth to directors and even has a genuine office and phone number.
What more could you ask for from a aim insurance support service company ?

[nicky name] 29/4/2014 18:39

no problem Robin

[capricious71] 29/4/2014 18:01

I do hope the market wakes up to HHR soon. It seems very good value at the moment.

[oldtown] 29/4/2014 14:18

ok batman.

[nicky name] 29/4/2014 11:06

yes I am long QPP and HHR

and I disagree with you about QPP (certainly at current price!)

now let's get back to discussing HHR

[oldtown] 28/4/2014 11:17

I am not "dissing" QPP on this thread, all i am showing is a like for like comparison with a sector rival.If you take the time to look back through this thread you will see i have used this exact same chart with qpp for a long time .
You long qpp by any chance nicky?

[bc4] 28/4/2014 11:12

Yes stick to HHR I know a few came on her spouting but I don't like see the shorters running riot with any ones money

[nicky name] 28/4/2014 10:52

Why are you dissing QPP on the HHR thread Oldie?

[oldtown] 28/4/2014 09:03

Now showing a better return over a year than QPP now that aims very own zeplin debt balloon is deflating. .

[ant15] 26/4/2014 18:25

Good find Leo! I am holder in both ant PS watch JQW on Tuesday Leo.

[nicky name] 26/4/2014 15:17

which is why I invested Leo

[leopold555] 25/4/2014 21:16

I am just going through QPPs rebuttal of Gotham Citys scathing note. Anyway this section might be of interest to you as it speaks volumes for new law

" S&G recorded an EBITDA margin for 2013 of 24.5%, much higher than the insurance specialist peers that Gotham has highlighted. The New Law group of companies are also a personal injury law firm that handle some associated health services. They were recently acquired by the UK listed company Helphire Group plc. New Law, although much smaller than Quindell's own operations or those of S&G, also have an EBITDA margin of over 24% and again are operating under the same regulatory environment as Quindell."

[nicky name] 22/4/2014 23:43

montynj yes in that there has not been a concerted bear raid on HHR recently. HHR was targeted by Evil Knievil and chums back in 2000 though. They had some success back then which might be why they are trying with the new 'big boy' accident management company?