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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
  +1.00p +0.94% 107.00p 106.00p 108.00p - - - 13,618 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Health Care Equipment & Services 49.0 9.8 14.5 7.4 49.41

Nahl Share Discussion Threads

Showing 976 to 998 of 1225 messages
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
DateSubjectAuthorDiscuss
21/3/2018
11:28
Interesting discussions; I took some profits at £1.92 a little while back on a portion of my holding, and have bought back in with that money plus dividends at £1.45. Good value here imho (but short-term who knows where the market goes) and prudent capital management re dividend decision. Still decent yield and seems well managed to me.
mnomis
21/3/2018
09:37
You hit the nail on the head there. B of E is withdrawing liquidity and deposit rates are rising slightly. It all helps us on our way to recession. Http://www.cityam.com/281203/withdrawal-bank-englands-term-funding-schemes-cheap-money Https://moneyfacts.co.uk/news/savings/notice-accounts-seeing-improved-rates/ Stop Press - UK Claimant Count rose 9.2k last month, continuing its gradual 2 year rise, and possibly accelerating. ILO unemployment rose 24k in the last quarter - the second month it has shown a rise. Poor numbers on government borrowing in February. Spending surged as revenues were weak. No increase in VAT revenues and petrol and alcohol duties fell. Start of recession or bad weather?
aleman
20/3/2018
22:07
Article and readers comments might answer some questions. Https://www.learningmarkets.com/understanding-overnight-index-swaps-ois/ Again, apologies for off-topic.
aleman
20/3/2018
21:50
Thanks for trying - again I can understand the HK$ carry trade and its implications - though really talking about a multi year low when the rate varies between 7.75 and 7.85 seems a bit over dramatic; but again no mention of what OIS really is based upon.
fenners66
20/3/2018
21:12
I actually do not know but I might have some background information that helps. I recall LIBOR/OIS blowing out in the Great Recession and the PIIGS crisis of 11/12. It got bad in the Great Recession until Congress, Fed and regulators started running around making special arrangements. In the PIIGS crisis, I recall liquidity became tight everywhere until the Fed provided some extra liquidity for US banks yet Libor/OIS remain elevated as the crisis rumbled on in Europe where banks had no access to it. Eventually, after the crisis intensified, the Fed and ECB arranged liquidity swaps so that ECB could provide $ liquidity to banks it supervised in Europe and things improved. I can't remember what article I read recently but I gather repatriation of US companies foreign-held profits under Bush tax changes could be contributing to the problem. They are selling short-medium term liquid assets held in foreign currencies for cash and short term $ assets that can be repatriated immediately or allowed to mature soon into $s. This leaves less $ cash and short term $ assets in the market for foreign financial insitutions to meet interest on longer-term $ liabilities. It is perhaps a rerun of 11/12 but I suspect not centred on Europe this time. Given that rising US interest rates will be causing similar stresses in the Far East/Asia where main forex and interest rates are linked to the US, this reduction in short term liquidity is likely to be hitting home there more than in Europe. Europe has its own currency and rates that are not exhibitting the same sort of bubble pattern as the $ yet. Less bubble should mean less stress on tightening. Some European banks will be short of liquidity, and European sovereign and bank debt is undoubtedly still fragile, but I suspect stress will be occurring more in Asia just now. Now, ask yourself which Asian banks.financials have been taking too many risks to borrow short and lend long (or similar gambles such as interest swaps) and now cannot get back the liquidity they need to service the long (or meet maturing contracts). I don't really understand it yet but look at the chart in this article that shows stress on the Hong Kong $ peg - it was last this stressed in 2008/9 and 2010/11. I think the Fed is ignoring the stresses that are appearing and might be about to raise again when maybe it should not. The black swan might not pop up in Hong Kong but it might appear somewhere else in Asia that has been milking the links to ultra low US interest rates for lots of financial speculation. If and when it starts, it will see junk bond yields and rates on riskier sovereign debt blow out rapidly in a flight to safety, which would quickly lead to global recession and probably reignite the European debt crisis which has never really been resolved as indebted entities have also milked low European rates to allow debt to rise even more - but that will be a Euro problem in future. The Libor/OIS spread is indicating $ liquidity stress now. http://www.scmp.com/business/money/money-news/article/2135737/hong-kongs-dollar-weakens-three-decade-low-testing-citys I hope that helps. I don't pretend to understand it all and might be barking up the wrong tree. Some say elevated Libor/OIS is nothing to worry about as there are ameliorating/special circumstances. Given I am seeing deteriorating signals all over the place in the economies of several countries - bad corporate news, rising defaults and weakening housing markets in US, UK, Canada, Australia and India, amongst others - and central banks are STILL talking about raising rates as long bond yields fall and flatten yield curves, I tend to a pessimistic view.
aleman
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
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
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