Nahl Share Discussion Threads

[al101uk] 26/9/2024 14:59

Bush sale expected to be agreed by the end of the year.

[massimoj] 23/9/2024 09:51

Could we get a price on Bush disposal tomorrow? Been 6 weeks since the update stating strong interest from a wide variety of potential bidders. Must be at least £40m (i.e. 85p/share)

[blackhorse23] 28/6/2024 10:48

Switched to RNK [better change to capital gains] 4 brokers issued strong BUY

[al101uk] 27/6/2024 17:06

All seemed positive until they got to NAH:

"NAH had been forecasting a return to normalised levels of volume, cost and panel demand through June and July, however, recent results and additional external data are suggesting that this recovery will be slower and costs will remain higher for a longer period. While the Board expects these headwinds to be short-term in nature and that the Personal Injury business will at least be breakeven in 2024, its revenue and profit for the year are anticipated to be significantly lower than previously expected and will therefore have a material impact on current full year market expectations for the Group."

Hoping to see a continued migration to other lines of business, not selling my small position although I'd have liked some rationale around why they think the headwinds are "short term".

[loglorry1] 27/6/2024 11:43

"Anyone know why the huge drop today?"

Read the AGM statement.

[blackhorse23] 27/6/2024 11:03

Switching to CURY

[massimoj] 11/6/2024 15:15

Anyone know why the huge drop today?

[loglorry1] 09/5/2024 06:49

Indeed strong growth flagged. I hope they deliver. No reason why not as far as I can tell.

[massimoj] 03/5/2024 08:26

Things are looking good though. On track for 6p/share earnings this year and 11p next year

[loglorry1] 03/5/2024 06:28

Results are inline. Good debt reduction but it's already been announced.

[ali47fish] 02/5/2024 21:25

well why is none commenting about results to day the share price is slightly down

[ali47fish] 01/5/2024 08:12

some what do you think the update will be like tomorrow

[someuwin] 05/4/2024 14:23

From the January Trading Update, Bush & Co are growing strongly with profits of 4.4m. On these figures I would say that a purchaser paying £40m would be getting a bargain.

"In the Group's Critical Care division, Bush & Co. had a very strong year. Revenues are expected to be 11% higher than last year at approximately GBP14.6m (2022: GBP13.2m) and operating profit is expected to be 29% ahead at approximately GBP4.4m (2022: GBP3.4m)."

That would leave NAHL with the Consumer Legal Services business which provides outsourced marketing services to law firms through National Accident Helpline and claims processing services to individuals through National Accident Law, Law Together and Your Law. In addition, it also provides property searches through Searches UK.

National Accident Helpline which is still transitioning away from its old model to the new fully integrated law firm, National Accident Law. Revenue GBP27.6m profit GBP2.8m. This should grow significantly in future as the higher margin business flows through.

* 73% increase in cash received from settlements, reflecting 92% more claims settled in the Group's fully integrated law firm, National Accident Law ("NAL")

* Over 35,000 new enquiries generated by National Accident Helpline, continuing its growth in market share

So at current 72p NAHL is valued at just £33.7m - surely worth double that imo.

[someuwin] 05/4/2024 12:45

Bush & Co in play then. The Betaville rumour was right about that bit being up for sale. lets see if their £40m valuation to PE comes to pass.

[blackhorse23] 05/4/2024 10:19

Out now with profit & going to buy APH

[someuwin] 05/4/2024 09:59

The Betaville piece (which they point out is just a rumour) suggests the interested party might be the buy out unit of one of the company's largest shareholders. And they may be willing to pay up to £40m for NAHL's critical care unit.

Well the largest holder is Harwood Capital LLP with 19.58%. Led by Christopher Mills, their group includes Harwood Private Equity and Harwood Private Equity so they would be prime candidates I would think.

Also would seem to be a clever move as Harwood are the largest holder they would also stand to benefit most from the transaction.

[loglorry1] 05/4/2024 08:12

Thanks someuwin

[someuwin] 05/4/2024 08:09

NAHL Group, the London-listed consumer legal services company, has come under the spotlight amid talk it may be weighing a sale of part of the company for significantly more than the company's current market market capitalisation of the business.

People following the situation have heard rumours NAHL, which is due to unveil trading figures soon, may be looking to dispose of its critical care business to a private equity firm...

Read more...

[blackhorse23] 05/4/2024 08:06

https://www.londonstockexchange.com/news-article/APH/full-year-trading-update/16307097

[loglorry1] 05/4/2024 07:54

where did you get that rumour from massimoj?

[massimoj] 05/4/2024 07:47

Rumour they are selling critical care

[loglorry1] 05/4/2024 07:20

Something odd is going on here. Big jump to 80p offered on small but for them decent volume. I guess something is going on but I have no clue what.

[someuwin] 05/4/2024 07:19

Something's happening here.

[massimoj] 04/4/2024 10:00

Wonder if there could be a bid brewing here in the background here. Results later than normal and only 1 year extension to their debt facility - also announced later than normal…

[al101uk] 24/1/2024 11:33

Nice trading update today, wonder when the 'D' word will be mentioned again.

11% growth in Bush, "92% more claims settled" and "a 27% reduction in net debt to GBP9.7m, which was well ahead of market expectations".