Helphire Grp. Share Discussion Threads

[ltinvestor] 11/2/2014 12:01

25 page broker note ending " significant upside potential"The 7.8p target price does NOT take into account the legal acquisition.Should also yield around 5% increasing.LT

[dewtrader] 11/2/2014 11:31

Bowl at HHR with gap to 13p

[ant15] 11/2/2014 11:26

Definitely all good news here and interest building...The price continues to move slowly upward but as said previously will move on news and these prices will not be seen again.

[cheshire man] 11/2/2014 10:53

I'm sure they have put that £60 million to good use,,,,,,,,,as I've said not long to find out !,,,,,,,,all IMO


HELPHIRE GROUP PLC - £60M Placing to Fund Strategic Growth and Notice of GM
PR Newswire

London, December 4



Helphire GROUP PLC

£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).

Martin Ward, Chief Executive Officer of Helphire said:

"This fundraising is a very positive step for Helphire, building upon the
Group's recent successes. We are very pleased that such strong support has been
shown for our plans to develop Helphire's business and enhance the range of
accident management services we provide to our customers."

[opodio] 11/2/2014 10:49

nice, thanks for the 28th not long

[battlebus2] 11/2/2014 10:48

Looking forward to that and possible acquisition news in tandem.

[cheshire man] 11/2/2014 10:46

Yes been in for a while :-) Interims on the 28th !

[bc4] 11/2/2014 10:42

Don't worry this has much further to go fantastic management team in HHR

[battlebus2] 11/2/2014 10:36

Thanks Cheshire Man, good to see you here, i take it your all in at a much healthier level? Just bought my second batch.

[cheshire man] 11/2/2014 10:33

Alway's nice to see familiar faces buying a stock that I hold,,,,,,,,,,welcome battlebus :-)

[battlebus2] 11/2/2014 10:27

Thanks scottishfield..

[scottishfield] 11/2/2014 10:22

welcome batttlebus :)

[battlebus2] 11/2/2014 10:11

Joined you all today with an initial purchase.

[hikmetyzb] 11/2/2014 10:10

Lets see if we can break the 6.30p resistance today. 3rd try in the last 2 months COME ON!! :)

[bartolozzif] 11/2/2014 09:49

indeed it shall roll on 20p i say

[ltinvestor] 11/2/2014 09:44

Not the house broker so more objective but why bring a note out now before a major earnings enhancing acquisition?Presume it will form a basis to be updated with further news and price targets.BTW HHR and QPP share the same broker!!LT

[bc4] 11/2/2014 09:26

That is 2 brokers covering HHR

[bc4] 11/2/2014 09:14

Here it is

Helphire Group plc Receives New Coverage from Analysts at Nplus1 Brewin (HHR)

Posted by Bonnie Powley on Feb 11th, 2014 // No Comments

Helphire Group plc logoEquities research analysts at Nplus1 Brewin began coverage on shares of Helphire Group plc (LON:HHR) in a research note issued to investors on Tuesday, American Banking News.com reports. The firm set a "buy" rating and a GBX 7.80 ($0.13) price target on the stock. Nplus1 Brewin's price target would indicate a potential upside of 25.40% from the stock's previous close.

Helphire Group plc (LON:HHR) opened at 6.25 on Tuesday. Helphire Group plc has a one year low of GBX 2.344 and a one year high of GBX 6.30. The stock has a 50-day moving average of GBX 5.82 and a 200-day moving average of GBX 5.35.

Separately, analysts at N+1 Singer initiated coverage on shares of Helphire Group plc in a research note on Tuesday. They set a "buy" rating and a GBX 7.80 ($0.13) on the stock

[ant15] 11/2/2014 09:02

Still very positive movements here albeit on low volumes. 8p would be a good figure to achieve in the first instance but patience is required with this one until we get some news.

[opodio] 11/2/2014 08:57

Indeed getting to the best bit when it goes mental up now

[parsons] 11/2/2014 08:56

At last they have been written up. The selling certainly seems to be drying up. I now have a decent slug of these once again. I dont know of any other stock with such a lack of news. Its like watching paint dry. Mind you the news has been brilliant over the last 12 months !!

[opodio] 11/2/2014 08:51

nice start 8p now, then deal comes, then 20p

[cestnous] 11/2/2014 08:49

N+1 Singer initiates coverage with a buy rec and a target of 8p.

[opodio] 11/2/2014 08:37

You can say that again.

[ant15] 10/2/2014 16:55

Gradually creeping up but will move up quite quickly when they announce a deal. A £60 million fund raise is substantial and there must be a good story behind it. I don't believe that once the deal is announced that we will see these prices again.