Share Name Share Symbol Market Type Share ISIN Share Description
Nahl Group Plc LSE:NAH London Ordinary Share GB00BM7S2W63 ORD GBP0.0025
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 0.11% 93.90 93.80 94.00 93.80 92.00 92.00 36,655 16:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Health Care Equipment & Services 49.0 9.8 14.5 6.5 43

Nahl Share Discussion Threads

Showing 976 to 998 of 1300 messages
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DateSubjectAuthorDiscuss
20/3/2018
19:59
Aleman - I followed the link to the explanation of the spread between OIS/LIBOR I get what it portends and why. What I didn't fully get was the use of the term "swap" in the OIS and what exactly they are therefore pricing to come up with the comparative rate. LIBOR is pretty self explanatory. If OIS was based on a feds fund rate I would follow that - but there's a bit in the middle I'm not getting - can you explain ?
fenners66
20/3/2018
19:14
Just to be clear, one of the reasons I bought NAH is because I thought it would not be affected by the economic cycle that I think is now turning. When people get financially stressed, they are more likely to make claims. Also, insurers are more likely to reject claims and that will lead to more legal attempts at redress. Although NAH will have to work a little harder to filter out the more tenuous claims, I think they could see a rise in demand - not that I assumed that when I decided to invest. I'd be happy enough for turnover to remain flat. topvest - ?
aleman
20/3/2018
18:16
A lot of this is £ related is it not?
topvest
20/3/2018
16:26
So it looks like the end of the world sorry for being off sub
bc4
20/3/2018
15:53
Apologies for off-topic. Death crosses are generally a snowball effect. One or two shares won't make a difference to an index but once several have gone through a death cross, their plunges will tend to drag the rest of the index through. High Income index was first, then FTSE100. Now shares all over seem to be going through them so a market collapse seems very likely as downward momentum increases. FTSE High Income index FTSE100 This is a fund of small high income shares. High income tends to be where there might be a few more shares with more problems. It's okay in good times and great in recovery but will suffer more when things turn down. (Same for Nick Woodford's value shares probably.) It tends to lead the market in downturns - so watch out.
aleman
20/3/2018
14:55
I think (imho) this chart (link below) is very illustrative of the change in sentiment since, probably, June of last year. The appearance of a potential Death Cross could be a portend of lower lows. More recently it's interesting to see the dearth of 12 week upward breakouts compared to those breaking downwards through support. https://uk.advfn.com/p.php?pid=chartscreenshot&u=LxPpa3qlk9ENigwPsr7qqLgN2uAbsZSs&kslash=s
hawaly
20/3/2018
14:29
Well, it's a relief finnCap have taken an optimistic line about the cost and revenue balance for the ABSs. I do hope they are right and the end of the tunnel is sooner rather than later. Thanks, hawaly. Another significant point I forgot is the LIBOR/OIS spread is the highest since 2009, indicating unseen stress in the banking system. (Note it has risen again to nearly 56 since this article.) The flattening yield curve stresses financials. LIBOR/OIS rising is the bending branch starting to creak. Https://www.zerohedge.com/news/2018-03-16/where-will-it-stop-libor-spread-blows-out-beyond-eurocrisis-highs-central-banks
aleman
20/3/2018
12:47
All very short term. They are investing in cases. The payback is a couple of years. Happy to hold. Management are strong and they run the business well.
topvest
20/3/2018
12:25
Good posts Aleman - I raise my (half-empty) glass to you. GLA
hawaly
20/3/2018
12:12
fwiw finnCap today initiates coverage of Nahl Group (LON:NAH) with a corporate investment rating and price target of 257p.
mister md
20/3/2018
11:53
Finncap note out today. Pretty detailed. forecasting about 19.5p earnings next year and 20.5p the year after. Highlighting that in next couple of years NAH will likely take more control over enquiries and capture more of the value.
horndean eagle
20/3/2018
10:37
I know 3 business owners who had a best year last year and who are now worried by sales trends. That's what happens as recessions start. They are in fashion, orthopaedic sales and retail and industrial shopfitting manufacture.
aleman
20/3/2018
10:29
I see a mixed picture myself, employment and unemployment figures are very good. House prices cooling off is not necessarily a bad thing. The fall in car sales is perhaps a worry, but falling off from very high levels, sales are still very high compared to a few years ago. In my own business I am about to complete my best year since 2008, although the order book has softened recently.
rcturner2
20/3/2018
10:15
Another one that did not see the last recession coming. PMI figures used to be fairly good but they don't track as well as they used to. I noticed a weaker link with (revised) GDP from around the last recession and I now consider them a bit misleading so don't bother with them much any more. An index of 50 does no equal zero gowth either. That is only in theory. If you compare PMIs to revised growth figures, some countries are neutral up to 52 and some down to 45. Different countries have different biasses in reporting and assessment. Reporting, therefore, of what PMIs indicate are sometimes naive.
aleman
20/3/2018
10:13
http://www.bbc.co.uk/news/business-43449632 The British Chambers of Commerce (BCC) has raised its UK growth forecast, but warns it will be among the worst performing G7 economies until 2020. The BCC has raised its GDP forecast for 2018 from 1.1% to 1.4% and in 2019 from 1.3% to 1.5%. Its first forecast for 2020 is for 1.6% growth.
rcturner2
20/3/2018
09:32
Trump is on his way to engineering a recession in the USA , so after that.....
fenners66
20/3/2018
09:25
Aleman, why do you think recession is coming? Quarterly growth figures are positive and all the PMI surveys are over 50 so still expansion.
rcturner2
20/3/2018
09:20
fenners66 - you are going off forecasts from before the results. The extra investment is likely to see lower forecasts for EPS. It could be offset by the first two ABSs starting to generate returns but analysts tend to be conservative on new sources of revenue - so I'd expect 16p earnings and 8p dividend and the market is in a bad mood for valuations. If we look at operating cashflows, the multiple is about 5 times and likely to fall as revenue picks up and start-up costs fade. That is cheap for a business that can usually have high payouts. It's about half price. Hopefully EPS and the dividend will recover in a few years to make that cheap price more evident. Don't expect it soon, though. It will probably be a good buy for those prepared to sit through a recession and take a 5-6% yield (at 8p dividend) while they wait, but be prepared for the shares to go lower once the recession becomes more evident.
aleman
20/3/2018
09:13
Huge over reaction. NAH management are a little too open and honest. They could have just left the dividend as it was to avoid all this negativity. They could have left establishing the 3rd ABS until the financials started to normalise. Those would have been short term measures to appease the market. The decisions they have taken are the correct ones for the business going forward. Very short sightedness rules the day again on NAH. I imagine the shares will recover a fair chunk of losses once management go around meeting shareholders. At some point the market will start looking forward past regulatory changes. Had thought we had reached that point a few months ago but apparently not. Once we come through the other side the company should be back to generating close to 100% fcf conversion and earnings will be much higher. Share price likely to as well.
horndean eagle
20/3/2018
09:11
On the face of it the earnings look ok - but they are signalling that these earnings are not translating into cash - and may not do so until 2020 at the earliest as that is when they plan to look again at the dividend policy. I get why that has spooked the market as - say - the warning signal of CLLN was that for all the reported profits they were not translating into cash. Now where other companies are reporting failure to turn profit into cash the market is attaching more risk weighting.
fenners66
20/3/2018
08:44
Hmm, dunno. The two reasons for institutional support are now not as compelling. You’ve got a contraction in eps, and you’ve got a contraction in divvy yield as well. I can see this hovering around current levels, or even dropping back to September lows in run up to April divvy record date (with a bit of a short term bounce leading up to that date, given yield on just the final divvy alone is around 7% or more at moment), but after that, I can see a gradual selloff as funds rebalance their portfolios. If future divvy is going to be based on 2* earnings cover, then total 2k18 divvy likely to be around 10p total, so interim divvy prob around the 3p mark, and final around 7p next year, and that’s assuming no earnings growth next year of course. With divvy and earnings contractions likely during next couple of years, funds have less reason to stay as heavily invested in Nahl as they are at present, hence I see a bit of a sell off over an extended period after April. The one good point is that trading still seems fairly strong. L.
lazygun
20/3/2018
08:42
added a few here this morning
mister md
20/3/2018
08:29
Opportunity possibly. Fall looks excessive.
its the oxman
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