Nahl Share Discussion Threads

[linton5] 10/4/2017 11:29

Mms not keen here to move Nahl lol.back to my garden in fife (gods country)🤓

[linton5] 03/4/2017 14:35

I would purchase if the spread was more acceptable no need for it.come on mms

[linton5] 31/3/2017 08:25

Wow lovely purchase there 400k at 164

[rcturner2] 28/3/2017 09:39

It's not necessarily a new holding.

I would be very surprised if they could buy 5% of the company in the open market without moving the price.

Most likely they held say 4.5% before and have added to their holding.

[basem1] 28/3/2017 09:37

RCT, That's what's lead me to believe it was a new holding ??

[rcturner2] 28/3/2017 09:06

basem, it appears to me that HSBC have gone above 5% for the first time. So they have bought enough shares to go over the 5% mark, although it is impossible to know what they held before.

[basem1] 28/3/2017 07:53

A new position for HSBC ?? It's high time these stupid holdings forms were modified and made clearer.

[markie7] 21/3/2017 21:26

That's exactly the analysis. Screaming buy at these levels. Held back by regulatory concern which isn't totally clear but is getting clearer

[garycook] 21/3/2017 10:09

Linton,Cheers.Also thanks RCT2.

[qs99] 21/3/2017 10:00

Arden partners just reading their note and DYOR but they are talking about the shares being "meaningfully oversold", and "expect a recovery bounce to over 200p
short term." so am in for the ride and the yield....DYOR and IMO etc...

[linton5] 21/3/2017 09:56

Bargain going at Cnct also gaz

[linton5] 21/3/2017 09:55

Gary the divi king is sniffing about (he knows a gid yin when he smells it)🦉

[qs99] 21/3/2017 09:52

and 1.5 X divi cover statement gives market clear indication IMO of likely yield going forward depending on their profit forecasts...

[rcturner2] 21/3/2017 09:50

lol Gary, the current PE is 6

If profit halves then it doubles the PE.

[garycook] 21/3/2017 09:46

So the current P/E is 24 ?

[oshy92] 21/3/2017 09:40

Morning. Short TV interview with CEO Russell Atkinson following this mornings YE Results announcement

hxxp://fmp-tv.co.uk/company/nahl-investor-relations-news-and-videos/

[oshy92] 21/3/2017 09:39

Morning. Short TV interview with CEO Russell Atkinson following this mornings YE Results announcement
www.fmp-tv.co.uk/company/nahl-investor-relations-news-and-videos/

[basem1] 21/3/2017 09:35

There's a 30p pop on the chart to come too.......

[qs99] 21/3/2017 09:27

which if you read the RNS, IMO is unlikely to happen. Maybe a drag, yes, but that also assumes the other divisions don't grow, which IMO is unlikely to be the case...so IMO, the yield on this alone provides decent support....DYOR but will be interested to see how city views this post insti meetings...

[rcturner2] 21/3/2017 09:10

Yes, if total profit halved, the PE would be 12 and the dividend would be about 5.5%.

[ccraig69] 21/3/2017 08:32

well even if it fell 75% profit would be 8 mill so half divi would still be agood divi

[rcturner2] 21/3/2017 08:28

They have roughly £15m of profit, of which £10m comes from PI, is that correct?

How vulnerable is that £10m?

[basem1] 21/3/2017 07:53

It's the numbers going forward that are a constant drag on the price.

[masurenguy] 21/3/2017 07:39

Current PER of 5.9 and yield of 12%!

Final Results

NAHL, the leading UK consumer marketing business focused on the UK legal services market, announces its Final Results for the year ended 31 December 2016.

Financial Highlights

-- Underlying revenue declined 2.6% to GBP49.4m (2015: GBP50.7m)
-- Underlying operating profit up 15.1% to GBP18.0m (2015: GBP15.6m) -- Underlying operating profit margin increased by 5.6 percentage points to 36.4% (2015: 30.8%)
-- Profit before tax increased 13.3% to GBP15.8m (2015: GBP14.0m)
-- Cash generation of 79.7% (2015: 97.4%)
-- Adjusted net debt of GBP8.2m at year end (GBP8.3m at 31 December 2015)
-- Basic earnings per share of 27.0p (2015: 25.6p)
-- Recommended final dividend of 12.7p, increasing the total dividend for the year by 1.6% to 19.05p (2015: 18.75p)

Operational Highlights

-- First full year as a more strategically diversified business operating in aligned legal services markets
-- Continued focus on sourcing high quality enquiries in Personal Injury (PI) division -- Accelerated investment in PI cases under new commercial and structural arrangements in light of regulatory changes
-- Strong contribution from Critical Care division which has continued to trade ahead of plan
-- Solid revenue and profit growth in Residential Property division despite challenging market backdrop

Russell Atkinson, CEO of NAHL, commented: "2016 saw the Group make continued progress as a diversified business, with all three of our operating divisions contributing meaningfully to a solid full year performance. Our Critical Care division benefited from the investment made in the business development function and management team, growing its market share. Against a challenging market backdrop, the Residential Property business also saw revenue and profits grow thanks to its broadened service offering. In a more challenging year for our Personal Injury (PI) division, we delivered a resilient trading performance. As part of the Group's long term planning since the Government's consultation was first announced in 2015, we took the strategic decision to invest in a proportion of our enquiries through different commercial and structural arrangements. We have a clear strategy in place to develop our business model while our proven track record of responding to regulatory change and underlying brand strength leaves the PI division well positioned to succeed in the new landscape. We have started 2017 on plan and believe that our continued evolution into aligned legal services areas, strong balance sheet and management experience will enable the Group to navigate the future with confidence."

[basem1] 21/3/2017 07:26

Impressive figures given the uncertain backdrop. The main negative is the further contraction of profits in the PI division in 2017 leading to uncertainty going forward. The Searches acquisition was extremely impressive for £2.1m generating £0.6m profit (bought on a PE of 3.5 ) albeit only a very small percentage of the overall business. It does demonstrate that management have the capability of doing excellent deals. I'd be a buyer round this level.