Nationwide Accident Repair Svc Share Discussion Threads

[spooky] 04/3/2015 17:18

Well i suppose it's fairly straight forward, when you have to sell, all you can do is accept the best price available and it would appear that the best price offered was 65p.

[deanowls] 04/3/2015 17:17

Where's that from spooky? I'll take a shedload at 65p

[finkie] 04/3/2015 17:07

Why sell at 65p nothing wrong with Nars per say

[spooky] 04/3/2015 17:04

Looks as though Quindell have sold their stake at 65p.

[qs99] 25/2/2015 10:43

and another step...

[qs99] 25/2/2015 10:10

must be a breakout IMO?

[cestnous] 16/2/2015 15:22

Unparking and moving off now spob.

[qs99] 16/2/2015 14:59

Nice move up

[cestnous] 13/2/2015 13:52

That's because they're parked spob :¬)

[spob] 12/2/2015 05:39

Most cars I see on the road are driverless already

And I'm not joking

[salpara111] 11/2/2015 17:01

Still waiting to see what happens to QPP before committing here.
I wouldn't worry about driverless cars just yet, maybe in 20 years but nothing to get too concerned about yet!

[supreme mo] 11/2/2015 12:09

BBC had a feature on driverless cars this morning. What impact would this have on Nationwide's business model?Do we see possibly more auto electrical specialists employed by repairers and a move towards 'smart' repairs (those caused by dents and scratches)??Thoughts welcome.

[qs99] 19/1/2015 13:18

QPP moving up sharply today....NARS doing the same....any thoughts? DYOR etc

[gutterhead] 16/1/2015 20:43

A load of nonsense

[twirl] 16/1/2015 08:21

I detest the fashion of placings to city parasites who depress the share price for months afterwards with their quick buck selling.
Bring back rights issues to reward loyal shareholders who will not sell asap

[topvest] 15/1/2015 19:47

Very odd. Makes no sense at all below a £1.

[salpara111] 15/1/2015 15:02

Well, I don't see how they would get a placing away as there is no possibility that QPP are going to stump up any cold hard cash and they own circa 25% of the business.
Until the implied overhang created by the QPP stake is resolved the share price is going to be held back which I imagine is very frustrating for the management of NARS as well as the shareholders!

[spooky] 15/1/2015 14:57

A placing at 60p to raise money for acquisitions would be ludicrous, a bad example of management empire building. I would hope that Harwood Capital would put an end to it immediately, the time to look at that would be when the share are showing some signs of strength, above £1 perhaps.

[coolen] 15/1/2015 13:47

What was the share price when the institutions sold out to QPP last September ?

Are those same guys likely to be on the list of placees ?

[bookbroker] 15/1/2015 12:55

Above comment, presumably the reason for the '4' was because QPP was in a distressed state, they may well go for a discount, however NARS is doing well so I assume the stake will not sold except for the right price!

[salpara111] 15/1/2015 10:04

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.

[gutterhead] 14/1/2015 21:48

This share still in bargain territory. Could be on for a record year. I think the best net they made was about 7.9m with a share price at the time of well over 100p
Cash position looks much better than forecast and they are growing again after a stagnant period in the last two years where they closed unprofitable sites. Should this go anything close to 70p again, I'll buy some more. All imo

[overmars] 12/1/2015 15:15

anyone have a clue as to the level of profit that management expected?