Nationwide Accident Repair Svc Share Discussion Threads

[bruceylegs] 12/1/2015 12:51

And as if by magic, ST publishes his update - all very positive. Highlights 2015 EPS estimate of 10.1p and 3.6% divi(Westhouse).

[bruceylegs] 12/1/2015 11:49

Simon Thompson should also update his positive opinion of NARS in the near future.

[davebowler] 12/1/2015 09:41

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.

[topvest] 12/1/2015 08:56

Yes, very good news indeed. The share price is undervaluing this company still given the strong recovery in trading that is now pretty obvious.

[cestnous] 12/1/2015 08:35

Excellent statement :¬)

[harrogate] 12/1/2015 07:56

Indeed ..all known about and obvious really ... of course I have left it too late dithering about!

[bruceylegs] 12/1/2015 07:55

Trading update released today:

"nderlying profit before tax for the year to 31 December 2014 is expected to be ahead of management expectations, with Nationwide's net cash position significantly ahead of forecasts."

That'll do nicely.

[gutterhead] 09/1/2015 18:47

I think you are both right but you both are saying that share price will be all about what happens with qpp shares.
I think there trading result is going to show a big improvement and if they have integrated new businesses well, that will also help.
Either way, I hold and am about to top up as can see close to 100p by March.
I think results will come out late February so not too long to find out.
The qpp shareholding does give an opportunity to take a large stake in nars and on the basis that they must be one of the biggest buyers of car parts, a big parts factor company must surely be interested or even halfords?
Anyway, interesting times ahead I think.
As ever, above is only my opinion

[harrogate] 09/1/2015 17:48

I agree but I would have thought most buyers of the stake would be good news for the share price ..removes uncertainty and maybe triggers some sort of deal. I am holding off but wary that if/when it is announced it will be too late. And there is a trading update due fairly soon

[salpara111] 09/1/2015 17:45

Now that QPP has effectively announced itself as being up for sale NARS will be held back until we see what happens with its stake.

[gutterhead] 08/1/2015 20:06

Cracking value

[supreme mo] 02/1/2015 10:10

Harrogate. Exactly the same here - sitting on my hands here too. If there wasn't the qpp uncertainty then I would have a go at these as they seem to be winning a lot of work and fundamentally seem good value. Furthermore, this icy weather over past few weeks could well have resulted in more accidents and so further increased NARC workflow.The only thing which concerns me slightly is the pension deficit.

[harrogate] 02/1/2015 08:10

I don't really see the QPP stake being up for sale as a negative. Likely to trigger some sort of corporate action if sold as a lump so juts watching at the moment

[onjohn] 02/1/2015 08:04

harrogate 30 Dec'14 - 08:18 - 446 of 448 0 0

I see it was a 55,000 share sale at 64p that caused the drop yesterday.






Wonder if it goes to 64p today

[harrogate] 02/1/2015 07:39

QPP seems to be for sale as a whole or in parts. Very hard to believe that the NARS stake is not now actively being marketed. Interesting to see what happens over the next month or two.

[bigdazzler] 31/12/2014 09:47

Well let's hope nars hits my targets of in the 40's next year. I expect the general markets to have a lot of volatility next year and it would not surprise me if the general markets end up negative next year.

I feel January will provide the answer to this question.

Happy new year apart from gutterhead and spob lol.

[harrogate] 30/12/2014 08:18

I see it was a 55,000 share sale at 64p that caused the drop yesterday. Still waiting here to see what happens at QPP but starting to get cheap I think given growth they have coming through from acquisitions and contract wins.

[bigdazzler] 29/12/2014 09:31

My godness you call me a chimp and you are posting on Christmas Day? Surely you had better things to do than posting when the markets where shut on an extended break?

To be posting over the festive period when the markets are shut on an extended period shows an attachment to the share which extends too far and I would suggest an emotional attachment which would explain the attack on myself for expressing an opinion clearly opposite to yours.

Emotional trading is very bad you two.

Tut tut.

[gutterhead] 25/12/2014 08:02

Thanks Spob, I filtered him after my last post. Happy Xmas to you

[spob] 25/12/2014 06:54

Why haven't you two filtered the chimp ?

I did ages ago



Click on the circle next to the user name

and then click "Filter"

easy



Don't feed the chimps !

[bigdazzler] 24/12/2014 12:16

Stop peaking gutterhead I thought I was on filter lol.

[bigdazzler] 24/12/2014 11:58

Oh the irony, you tell me not to reply to you but you always reply to me and try to have the last word.How arrogant are you gutterhead for your behaviour?

I have a different opinion to you so what. I do not meet you view with such contempt I express a view and an opinion that is all.

My view is based on trading and discipline via T.A I wouldn't call that childish or petty dreaming some trades will turn out wrong but that's where the discipline comes in to limit a loss.

How is that childish? In my opinion that is damn professional.

I think it is you that has something missing as you clearly want to emotionally dismiss anything that does not go with your view. Being blind to others views can spell massive danger.

Oh by the way you will NOT be placed on filter that is just plain childish and silly I like to hear all persons views and consider.

[gutterhead] 24/12/2014 11:30

Can't be bothered with childish, petty dreamers. Anyone who knows about nars wouldn't post such drivel. You're filtered, waste some one else's time

[bigdazzler] 24/12/2014 09:35

No that's different I chose to ignore you request so please keep up. You are falling behind here.

Oh and happy new year gutterhead.

[gutterhead] 24/12/2014 09:25

Semantics, I said don't bother answering, read the post and keep up lol. And oh yes, happy Xmas.