Helphire Grp. Share Discussion Threads

[cockneyrebel] 05/12/2013 14:36

5m and 10m buys going through.

CR

[bc4] 05/12/2013 13:16

Nice to see you back NN!

[nicky name] 05/12/2013 13:14

Just done it and sold a few QPP to buy a few HHR.
HHR getting its ABS act together must be a small negative for QPP as others copy its business model, which should enable them to compete more effectively.
My guess is that Neil Woodford has agreed to give Avril some dosh to create the model that the old Helphire board tried to build many years ago. Unfortunately for them, they expanded too fast with debt, and got hammered by the financial crisis.

[bc4] 05/12/2013 13:08

Well stick with them then HHR management have delivered everything they promised and more, your complaining about the divi I am not but I hold HHR and you don't

[nicky name] 05/12/2013 12:50

Good news! but I don't understand why HHR sold CS2 solicitors two or three years back and now needs to buy another one. Bankers made it do so I guess.
Also, why has it been paying out generous divis when it needed the cash for expansion?
Anyway, well done HHR for raising the money. I would be buying if I wasn't fully invested in QPP. Almost tempted to sell a few QPP to buy a few HHR.
If HHR can raise its margin by offering further integrated services it should be able to compete more effectively.
I believe that the QPP business model is the way to go, and QPP only has c. 25% of the market.

[cockneyrebel] 05/12/2013 12:29

Heavy buying going thru

CR

[goliard] 05/12/2013 11:54

Next news will be the acquisition on an accident management law firm. They won't want to hold that cash on the balance sheet doing nothing. All positive.

[hpcg] 05/12/2013 10:00

The boards are normally active when there is bad news about, not much to complain about today.

[risk1] 05/12/2013 09:51

No wonder the price has been held

What hardly a poster in sight???

[parsons] 05/12/2013 08:34

KNIGEL you gave me ALPH which I have done OK out of Heres one for you TLDH take a long look.

[parsons] 05/12/2013 08:20

Itinvestor I agree deals must have been lined up and this now means that bigger investors are probably getting involved. At last this company will get into the main stream of discussion maybe even a mention in IC. Unfortunarely the large placing will hold the shares back in the short term as there are always some that take a quick profit. Still one of my biggest holdings now and I am very confident in the management going forward.

[ltinvestor] 05/12/2013 07:35

I suspect that a transformational deal or deals have been lined up and that the
figure to be raised of £60m is quite significant.Onwards and upwards in due course.Exciting times ahead? LT

[knigel] 05/12/2013 07:32

Parsons, very quiet here considering the news. I wonder if having an extra billion shares in issue will restrict the level of future dividend payouts (with the next due in March)? I suppose it depends on the acquisition(s) and the profits they generate?

[parsons] 05/12/2013 07:25

Now we know why the shares did not go ahead and also why there has been a dearth of news. Come to think of it not even any mention in tip sheets. Anyway at least it wasnt done at below 5p. !! Yes KNIGEL a consolidation will now probably be done in the future. A good strong hold IMHO.

[knigel] 05/12/2013 07:09

So the company now plans to expand. I doubt an offer from QPP will happen now and great news that the dividend ex-record date is bring brought forward and placing is close to current share price! Maybe a share consolidation s/b considered at some point in the future though. gl

[skinny] 05/12/2013 07:08

£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).

[bc4] 04/12/2013 14:08

Risk1 why blame the board they have delivered everything they promised and more the turnaround of this company has been nothing but remarkable, if the shares were 10p that would be a m/cap of 160 mil, not outrageous.I think the true value will come with a re rating or possible takeover OMHO

[bc4] 04/12/2013 13:53

The last update made these a no brainer to me, topped up everything I had profits could be over 9 mi,l no debt, autofocus still to come every month getting nearer, divis paid out will total .447p in less than 12 mths that is over 8% yield

[parsons] 04/12/2013 07:40

risk1 there are a number of bargains around at the moment that are completely overlooked but have got great potential and this is one of them !!

[risk1] 03/12/2013 12:49

me neither parsons

I blame the company they should buy back a shed load of stock

they are making 1.2 million a month for goodness sake

[parsons] 03/12/2013 10:33

Just bought yet more I cant believe the total lack of support here not even any posts !!

[parsons] 29/11/2013 17:27

A lot of deals shown at the end. This looks to me like shares are probably going from weak to strong longer term hands. Once this is over then I am sure the price will better reflect the real value. A snip at this price !!

[risk1] 29/11/2013 13:11

It seems obvious to me that the share price of HHR is being controlled

Probably for a reason which will at some point become apparent

The shares should have risen sharply on the rns but they didn't

I will let you all come to your own conclusions

[dan de lion] 29/11/2013 12:59

Just bought 100k @ 5.2p.

[parsons] 29/11/2013 08:48

Itinvestor I agree this would be part of the process of becoming one of the big boys again. In fact this also applies to QPP a share consolidation will probably happen there too.