Nahl Share Discussion Threads

[bc4] 07/6/2019 17:35

Big volume today all 110p

[someuwin] 04/6/2019 10:31

Interesting to note that since I last posted the significant holders list in the header (28th Feb 2019) Lombard Odier has increased from 6.13% to 14.24%.

Between them now Schroders and Lombard hold over 30% of the stock! Shows great confidence in the story here.

[mister md] 04/6/2019 10:29

well, this is one of my 'hold forever' dividend stocks so I only check occasionally, but price activity looks to be improving

[basem1] 04/6/2019 08:44

Nice buying I couldn't resist a final 3000 top up before we set sail to yonderland

[owenski] 04/6/2019 08:41

Yep, does look like a good income play here.

[someuwin] 04/6/2019 08:39

The good thing about this one is that they don't need to exceed expectations. Just stick to the plan, and in a few years we could well be a few multiples from here.

And in the meantime we should get a steady stream of high% dividends.

[basem1] 04/6/2019 08:32

Good to see you here someuwin I knew you were invested here Must be a good one if your in it It is my largest holding by some way Looking for 150p and then onto 200p hopefully this year

[someuwin] 04/6/2019 08:27

Only about 6 weeks until the next trading update...

18-Jul-19 Pre close trading update

17-Sep-19 Interim Results announcement and interim dividend announcement

End Sep 19 Ex-dividend date

[basem1] 04/6/2019 08:24

Chart playing out nicely 112 on Friday night was resistance/support Last nights close was on supportHoping to see 120p this week

[basem1] 31/5/2019 07:22

My dividend is in my account already

[someuwin] 30/5/2019 15:22

Dividend payday tomorrow. So might see a few re-investing here.

[bc4] 21/5/2019 07:57

Well the divi looks safe with a bit more 8.9p last year so could be 10p plus this year not a bad yield of over 8%

[aleman] 21/5/2019 07:46

Outlook for full year UNCHANGED. April's National Accident Law launch "is expected to deliver materially enhanced profits and cash flow in future years".

Just what we wanted to hear.

[someuwin] 21/5/2019 07:29

AGM Statement
Caroline Brown, Chair of NAHL (AIM: NAH), the leading UK marketing and services business focused on the UK consumer legal market, will make the following statement at the Group's Annual General Meeting ("AGM") to be held at 10am today:

"During the first four months of 2019, the Group has continued to make good progress with its strategy. In April, our Personal Injury division commenced trading in its own law firm, National Accident Law, which was launched on time and on budget.
As noted in previous announcements, this is expected to deliver materially enhanced profits and cash flow in future years as the profile of cases being processed by National Accident Law matures. The PI market continues to be competitive and trading conditions in our Residential Property division remain challenging. Our Critical Care division continues to generate growth. Overall, the Board's outlook for the full year remains unchanged."

[basem1] 20/5/2019 09:53

Should get a TU tomorrow Quite looking forward to it

[danieldruff2] 18/5/2019 14:03

Oil is slippy, could cause more accidents

[bc4] 18/5/2019 13:55

NAHL into oil as well

[thecashmoney] 18/5/2019 12:57

Great news novum sacked. 5000 bopd at 120m US per annum revenue. Is going to make these prices look very cheap. 12 m raised and set to rocket on proven formation. Big gas with majored all over area . This is the best play at this m cap. Big potential and huge gains to come here .

[bc4] 14/5/2019 07:08

AGM update in 7 days topped up yesterday

[someuwin] 26/4/2019 16:03

AGM in just over three weeks time (21 May 2019).

And If the same as previous years they will put out a an AGM statement with an update on current trading.

[basem1] 24/4/2019 18:51

Loglorry has explained it well. Expect a 5 or 6p drop tomorrow as we go ex dividend

[mr. t] 24/4/2019 18:26

Aleman, loglorry1, thank you for your helpful explanations. I'll take a closer look at their accounts and the turnaround story.

[loglorry1] 24/4/2019 17:55

Mr T that's a very good point and it is in my mind where the opportunity lies. The market looked at the poor cash flow, dividends being paid while net debt increases and just says Yuck!

As Aleman points out though when you dig deeper and understand how they are transforming you start to get really much more excited. Simply put NAH used to generate legal claims and sell the leads to law firms. They still generate the leads but now they process them themselves (and also sell some) which means it takes on average 2 years to get paid. That explains the blow out in receivables and poor cash generation. BUT it now means they have a pipeline full of valuable legal claims which pretty much offset net debt if they just let them run down (which they are not doing). Better still they actually get a better NPV from processing them than selling them as they did before so are potentially going to come out of this much more profitable.

Also Bush a smaller part of the group has been growing profits well and applying a conservative p/e for a growth business to that business just about covers the market cap anyway.

I think something else that is overlooked is how resilient earnings are to a recession. People still have accidents in an recession and need legal redress. This company should do just as well in a downturn as in a bull market.

Log

[bc4] 24/4/2019 17:55

You see most of the time they do not answer we will see

[bc4] 24/4/2019 17:49

Well I did can you read? What you obviously do not know is, when a share price is rising, unknown people come on the BB boards with negative comments for whatever reason, it happens every time.