Nahl Share Discussion Threads

[bc4] 19/9/2017 19:56

That is why you should take no notice, simple

[mnomis] 19/9/2017 18:57

Thanks for the context. Falling knife, properly funded, decent yield, good institutional shareholders, does not feel too sharp to me ;) Similar to IGG's December gift. I did not attempt to catch the PFG knife, however, based on a general fear of getting my fingers sliced off ... although as a trade, I did consider.

[keith95] 19/9/2017 18:49

"To be honest does anyone take any notice of people like that I do not"

It can sow a seed of doubt - which is not good, and one reason why blatant de-ramping is illegal.

[bc4] 19/9/2017 17:26

To be honest does anyone take any notice of people like that I do not

[troll_buster] 19/9/2017 17:12

mnomis:

"Read comment about not catching a falling knife earlier"

Generally true of course - but QP was trolling ... has no interest in this share, has also been trolling Cenkos for a while, so another poster decided to get his own back on QP by pointing out weaknesses in one of QP's little "longs" ...

.... he clearly didn't like a taste of his own medicine as I (keith95) said already.

QP might do well to join the Gym Club .. to let off some of that couch potato frustration ....

... then be prepared give NAH a call because I'm a member of one of these Gym Group venues and the quality of staff and equipment maintenance leaves much to be desired .....



;)

ALL IMO NO OFFENCE INTENDED ETC

[bc4] 19/9/2017 16:26

Redde 6% yield

[cheshire man] 19/9/2017 11:19

Pleased with results as expected and where else can you get such a yield on your investment:-)DYOR

[mnomis] 19/9/2017 10:43

Results look fine to me (still to do detailed analysis when time permits). Re-financing together with these results suggests all ok. Read comment about not catching a falling knife earlier, but question - if nobody ever catches a falling knife, how do share prices ever move out of a bear market??

[actofwill] 19/9/2017 08:22

The way I understand is that the returns due to the ABSs will accrue in receivables as cases are admitted to court, with a time delay of 18m from the point of investment (through cost of sales). So I don't believe that once accrued in receivables there is an additional performance related element to it afterwards (maybe some slight discounting of say 10% to cover between case admitted to court and pay-out).

But I am happy to be proven otherwise on this one!

[aleman] 19/9/2017 07:55

The numbers look to be headed for a full year in line or marginally under forecasts. The market has behaved as if they would be nowhere near. The performances of the Fitzallan and Bush suggest a significant value, probably not fully reflected in the share price. The balance sheet seems to have behaved as expected. Cash has turned into receivables as profit is delayed - not foregone. Does anyone know if the fees due are all fixed or if there might be a performance-related element that will not show up on the balance sheet? Anyway, the numbers seem to be support the plan while the share price seems to have reflected excessive worry.

[grahamg8] 19/9/2017 07:39

These results look pretty good. There is no sign of a collapse in revenue or profits which the market seems to have priced in to some extent. The focus of the business is changing 40.6% of revenue and 52.8% PBT from Fitzalan and Bush. The ambulance chasing could fade away over time and there would still be a viable business.

[someuwin] 19/9/2017 07:15

NAHL Group plc

("NAHL" or the "Group")



Interim Results



NAHL, the leading UK marketing and services business focused on the UK consumer legal market, announces its Interim Results for the six months ended 30 June 2017.



Financial Highlights

· Revenue of £24.9m (2016 H1: £25.8m)

· Underlying operating profit of £7.3m (2016 H1: £8.8m)

· Underlying operating profit margin of 29.5% (2016 H1: 34.0%)

· Profit before tax of £5.3m after £1.0m brand repositioning charge in Personal Injury ("PI") business (2016 H1: £7.5m)

· Basic earnings per share of 9.0p (2016 H1: 13.2p)

· Interim dividend of 5.3p per share (2016 H1: 6.35p)



Operational Highlights

· PI division brand relaunch for NAH

· Successful establishment of Alternative Business Structure ("ABS") venture with NewLaw

· Strong margin performance from Residential Property division

· Critical Care division continues to perform well with new strategic business opportunities being pursued



Russell Atkinson, CEO of NAHL, commented:



"The first half of 2017 has been a busy period for the Group across all of its divisions and performance is in line with our expectations. We have relaunched the National Accident Helpline in our PI division and have been working hard to deliver our first ABS structure, with NewLaw, which began shortly after the period end. Initial signs are encouraging and we are working to deliver the second ABS by the end of the year.



"The Group's Residential Property and Critical Care divisions have made good progress year on year and we expect this to continue through the second half.



"Second half trading has continued in line with our expectations. We will further develop our PI proposition and explore enhanced PLF arrangements, driving increased volumes with our refreshed marketing plans. As previously reported, we expect both 2017 and 2018 to be years of transition in PI however we expect this to be complemented by growth in both Residential Property and Critical Care."

[someuwin] 18/9/2017 15:04

Yes - holding a few IMG for the takeover but not expecting much unless several bidders appear. Seems unlikely.

[touche] 18/9/2017 14:49

I should post more often, now gone blue! You still in IMG someuwin? Good luck on the bid if you are.Cheers

[someuwin] 18/9/2017 14:42

...Difficult to know which way it will go.

[touche] 18/9/2017 14:40

Results tomorrow very quiet here

[quepassa] 17/9/2017 11:08

Very much downside potential with this share.
Graph looks dire.

Looks like a falling knife to me.
You know what happens if you try to catch a falling knife.
I'd be worried. Very worried.

ALL IMO. DYOR.
QP

[keith95] 16/9/2017 11:03

I'd ignore QuePassa folks - A "Squeaky Troll" that can't take a dose of his own medicine ...... he will know what I mean :)

[quepassa] 15/9/2017 18:50

Very much downside potential with this share.

QP

[actofwill] 15/9/2017 16:44

This share has some significant upside prospects.

AoW

[quepassa] 15/9/2017 16:24

This share has some significant downside prospects.

QP

[cheshire man] 14/9/2017 14:25

Certainly good to see the chart turning up :-)

[someuwin] 14/9/2017 14:00

Interest picking up ahead of results next Tuesday.

[aleman] 14/9/2017 09:27

It's starting to look perky. It makes the chart look a lot more promising, even if the downtrend was actually broken weeks ago. It's not just the chart - the last two pieces of news were positive. The chart is only now beginning to reflect that.

[keith95] 12/9/2017 20:02

Looks to me as though we are up and away from here :)