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NAH Nahl Group Plc

66.00
-1.00 (-1.49%)
Last Updated: 08:04:02
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Nahl Group Plc NAH London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-1.00 -1.49% 66.00 08:04:02
Open Price Low Price High Price Close Price Previous Close
66.00 66.00 66.00 67.00
more quote information »
Industry Sector
HEALTH CARE EQUIPMENT & SERVICES

Nahl NAH Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
17/09/2019InterimGBP0.02626/09/201927/09/201931/10/2019

Top Dividend Posts

Top Posts
Posted at 26/7/2023 07:36 by grahamg8
Well I ripped into NAH on the presentation of the final results, my post 741 22/3/23. These are a joy to behold in comparison. I just hope that the full year figures can be presented in an equally clear manner.
Posted at 25/5/2023 07:23 by someuwin
25 May 2023

NAHL Group PLC

("NAHL" or the "Group")

AGM Statement

James Saralis, CEO of NAHL (AIM: NAH), a leading marketing and services business focused on the UK consumer legal market, will make the following statement at the Group's Annual General Meeting being held at 10 a.m. today:

"Since the publication of the 2022 Final Results on 22 March 2023, the Group has continued to make progress in scaling both of its divisions.

"In Consumer Legal Services, the number of personal injury enquiries generated in the first four months of the year (the "Period") was consistent with last year (excluding tariff-only road traffic accident ("RTA") claims, which we ceased processing in February 2022) and the Group's market-leading brand, National Accident Helpline, delivered a good performance in organic search. The business saw higher than expected supply of RTA enquiries in the Period, which may be due to recent consolidation in the industry, which has resulted in the division placing increased levels of RTA work into its wholly-owned law firm, National Accident Law ("NAL"). The Group will continue to utilise its agile placement model to manage volumes.

"The Group continues to make progress in scaling NAL and placed 8% more enquiries into NAL in the Period. Cash received from settled claims in NAL increased by 108%.

"In Critical Care, Bush & Co. has grown both Case Management and Expert Witness services, and

issued 25% more Expert Witness reports in the Period than the same period last year. As a result of its marketing and business development activities, the pipeline of work for Bush & Co. remains strong for the remainder of the year.

"Finally, in April and as previously announced, the Group completed the sale of its conveyancing business, Homeward Legal. The subsidiary was considered non-core to the Group's principal focus in Consumer Legal Services and Critical Care and its sale will allow us to further focus on delivering value in these key areas.

"The Board's expectations for the full year remain unchanged and we look forward to providing a trading update later in the year on the half year results."
Posted at 25/1/2022 22:44 by blackhorse23
Company making profit & pays good dividend
Posted at 23/12/2021 10:40 by loglorry1
Covid had an early affect and NAH did use it as an early excuse. Quite early on driving movility data showed driving was back to normal as ppl avoided public transportation.

Clearly during furlough less at work so less work accidents. Also probably slower to settle cases. Again if they published claims book size this would all be visible.
Posted at 22/12/2021 20:55 by loglorry1
Bully I've held quite a few NAH for many years (to my cost). The story is always that there is latent value in the claims book and that it takes 1-3 years to materialise. They are not starting from a standstill and they are still sending a lot of claims to panel law firms. So I fail to see why the claims book is not throwing off more cash as claims roll off the end and new ones are added? This is not a company going from an empty claims book building it up.

Further we were always told in the past that the debt was "covered" by the value of the claims book and if marketing spend was stopped and leads not generated (apart from organic) the claims book could be run down to pay off debt. Clearly with 17m of net debt that is begging to look less than truthful.

I really do hope you are right and the market cap is so low now I do still see value here but the message from directors is far from clear.

I wish the would just tell us the following :

* How many leads do they generate
* How much does on average does it cost to generate a lead.
* What split from that is RTA/Non RTA/Specialist
* From that split what is the value in each case and how long does that take to settle.
* Currently in the claims book what value (using the metrics above) exists if we were to just put it in run off.

Perhaps you know the answer to these basic questions but whenever I try to find out I just get obfuscated or partial answers.

Lastly, if the legal business was valuable then FEN would have taken NAH and flogged it off to a buyer and kept BUSH. That transaction failed. Wonder why?
Posted at 22/12/2021 15:27 by loglorry1
Clearly, mills wanted FEN to take Bush but the legal business is the sticking point. FEN can't own it and it can't be sold off intil it pays off debt.

I still don't get how NAH can make money and avoid low value whiplash. They basically have to sift out the whiplash and process them via the small claims supported channel. Is that profitable though? Are they not having to pay for leads many of which are v low or no margin.
Posted at 03/8/2021 16:25 by sphere25
Had a quick look into serial disappointer NAH and it has been unusually well bid.

Is something about to happen here?

Just a normal market move as per the chart or some form of corporate activity (FEN won't come back) on its way?

"Since the Group announced that it intended to investigate a possible sale of its Residential Property business in May 2021, the Board has been encouraged by the level of interest received. A further update will be made when appropriate."

Warning:

- Highly illiquid share.

- Watch with popcorn from the sidelines.

All imo
DYOR
Posted at 30/9/2020 11:52 by johnhemming
In the circumstances (with the cross shareholdings) I assume that an independent report on the offer will be required. Myself I think NAH is undervalued by the market whereas FEN is not. We will have to wait to see what the offer is.
Posted at 23/9/2020 08:36 by loglorry1
NAS has a good brand but sadly these sorts of legal service aren't really what you buy every week at the supermarket!

The good part about the brand is that it generates almost free web traffic to their site in the form of highly lucrative leads. A lead is probably worth £250 to NAH so as you can imagine the brand and associated web traffic is worth a lot of money.

Bush is the real jewel in the crown however. If you put the Bush earnings (once covid is worked out) on the same multiple as FEN earnings (and they are reliable and steady like FEN) you will see a lot of upside.
Posted at 23/9/2020 07:36 by grahamg8
Frenkel don't look big enough to force this through. But NAH might quite like the fit between the two businesses. Success will therefore probably depend on which individual directors end up with the best jobs. From a shareholder perspective the best outcome is likely to be that this approach teases out a counter offer from a company with deeper pockets. PFG being the obvious candidate, and a nice bit of revenge for them too.

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