Nationwide Accident Repair Svc Share Discussion Threads

[blondeamon] 18/2/2014 23:13

100p shouldn't be too far now, with results so close they can really fly.

[topvest] 18/2/2014 13:27

Very sharp rise today!

[spob] 18/2/2014 13:06

50p back in September was a gift

[dashton42] 18/2/2014 12:50

Yes, spot on, ST recommends NARS today...

For those with access:

[spooky] 18/2/2014 12:13

If my memory serves me correctly Tuesday lunchtime is normally the time for tips by Simon Thompson at the IC, can anyone confirm one way or the other?

[pshevlin] 18/2/2014 12:08

Hello, what's going on?

[deanowls] 17/2/2014 13:19

I'm sure qpp can put more business their way and also weaken the competitors, they could also look at putting their own hire cars through these centres if they so wished?

[topvest] 17/2/2014 10:30

This acquisition will hopefully provide some growth in 14 and 15.

[pshevlin] 17/2/2014 09:54

Maybe not ambitious but with a bit of interest could move higher especially if QPP are operating behind the scenes here. NARS do the small useful takeovers and then are taken over.

[anusol] 17/2/2014 09:32

I pop in now and again, but sold NARS a couple of years ago. I thought their main problem was falling margin on sales, but a broker target of 1.00 isn't very ambitious...?

[pshevlin] 17/2/2014 09:15

This seems to be a sleeper, either that or everyone is asleep.
New Broker forecast of 100p today.

[pshevlin] 17/2/2014 08:50

Is anyone at home on this board? Usually see a comment or two after an RNS.

[cjohn] 06/2/2014 15:33

Greetings to all holders.

I've taken profits here at close to 80p. I think there's still life in these, but I'm re-allocating the cash elsewhere, after the recent marked upward move.

[bend1pa] 29/1/2014 15:37

Quindell are not going to be buying out NARS anytime soon. What they've done is purely an investment.

The welcome rise in the share price over the months is largely down to the improvement in trading as the recent management update showed. Hopefully the turnaround in NARS' trading won't prove to be a blip, because even with the bitterly cold winters of the past 2 years, the management failed to reverse the trend of tumbling revenues that have occurred since 2008, resulting in the inevitable div cut. It will be interesting to see how that large pension deficit is faring which is another worry.

[geraldton1] 29/1/2014 10:18

The QPP deal to buy the shares in NARS was all done in paper and at current levels (5.17 x 28p QPP share price) this would work out at 145p a share. The NARS price is at 77p - they have said that the 2013 results are in line so if you look to 2014 estimates then the forecast is for £4.35m pbt/EPS of 7.5p and a 3.8p dividend. So on 10x forward times and a 5% yield and every likelihood that QPP will come back for the rest I am happy to hold this. In fact, I am probably going to buy some more - getting rod all in the bank!

[m.t.glass] 28/1/2014 16:32

opodio - we don't know when 'today' was (might have been Friday, might have been Thursday, depending when article was drafted). But the inclusion of that word "today" (rather than saying 'at present' or somesuch) gives RT scope to say something different on another day ;o)

[opodio] 28/1/2014 15:58

the Times, p4 business section, has a short piece by Dominic O' Connell, business editor, in his Agenda article. he has been assured by Rob Terry that Quindell "is not in that position today " of making a bid for the remainder of NAR. Quindell currently own 25.3%.

[gutterhead] 25/1/2014 17:48

Gerald, you are assuming they have spare capacity and also assuming that the contracts they have yield a decent margin at bodyshop level.
I think there are other companies that would be better placed to take over Ncrc and understand the repair end of the business. Q only want it for turnover but wouldn't have a clue how the repair businesses operate.
I think there are twists to come in the future of Ncrc.
Dyor and only my opinion.

[geraldton1] 24/1/2014 14:38

CJohn - spot on with your point there. If you look at the price (in shares) paid by Quindell to take out Miton etc and look at what this would be worth now then it supports a price of more like 110p.
The business fits perfectly with QPP as it gives them the national coverage they need (and capacity). Not sure why they are hanging around to be honest! In the meantime you have a business which has cash, generates ongoing cash and pays a decent dividend.

[topvest] 24/1/2014 12:49

Yes, I think we are all hopeful of a decent exit in the next 6m. I think North Atlantic (one of their biggest holders) might also think it's a good opportunity to move on if any bid is realistic.

[cjohn] 24/1/2014 10:37

The other point that attracted me to buy at 50-low 60s is the large pension déficit. This has made the balance sheet look very unattractive. But the predictable (and now recent) decline in inflation and rise in 10 year gilt yields (which should be reflected in a higher rate for dscounting pension liabilities) should cut the pension déficit here and reveal a more favourable asset position.

[topvest] 23/1/2014 21:23

Yes, all looking very good here.

[opodio] 23/1/2014 13:19

craffert

Terry will have to pay more that 100p i hope