Nahl Share Discussion Threads

[keith95] 28/4/2018 16:39

"Anyone know who the seller is?"

NAH sold heavily into the 12p dividend last year from 162p .... ended up down to 121p or so then rallied strongly through the interim dividend back up to 190p ...


At the current price, you have a projected dividend cover of 2 with a yield close to 8% .... hard to beat these numbers in the current market ...


.. it might go as low as 111p quite easily and lower still if the MMs are happy to shake the tree ...

GLA

[slaccs] 26/4/2018 17:37

Anyone know who the seller is?

[zangdook] 26/4/2018 15:06

Thanks. So far, that's reassuring.

[rcturner2] 26/4/2018 13:49

In the final results they said:

Dividend Policy

In 2017, we have invested over GBP6.5m in PI cases through our ABS ventures and with our PLF partners. With positive early indications from both ABS structures as well as the identification of ways of enhancing their future returns, we expect to accelerate this investment in 2018. Whilst our internal projections show significant banking facility headroom available we wish to maintain this to preserve maximum operational flexibility and to allow us to take advantage of opportunities which may arise in due course.

Accordingly, the Board intends to fund further ABS investment partly by amending its dividend policy. With effect from the 2018 interim dividend, dividend cover will be increased from 1.5x to 2.0x EPS though the total dividend will continue to be paid as to one third at the interim stage, with the balance to be paid following full year results. We will review our dividend policy again in 2020, having regard to our rate of cash generation and to our debt levels, both in absolute terms and as compared to our operating profits.

[zangdook] 26/4/2018 13:41

I'm surprised to see this is paying over 12%. Has the price fallen too far, or is the dividend likely to reduce substantially?

I'll do the research, but if there's a quick answer it would be helpful. TIA

[aleman] 26/4/2018 12:23

10% down? 137.5p mid yesterday lunch and 136.5p at 4:30. 129.75p mid now. After going ex-dividend by 10.6p, that is a good rise of about 4% in my book.

[imranawan] 26/4/2018 11:57

Ex dividend date today, hence the price fall.

[ali47fish] 26/4/2018 11:35

10pc down does anybody know why

[keith95] 25/4/2018 18:04

People have obviously forgotten the spikes late last year ...

Onward upward ... :)

[deadly] 25/4/2018 17:55

buying for the XD tomorrow I think.

[mister md] 25/4/2018 17:37

Indeed. Oddly price was at 140p on many days intra-day but always closed in the 130s. Today is finally a close above 140

[professor x] 25/4/2018 16:57

Not too shabby today Mister MD!

There has been some impressive buying as of the last few weeks, so something had to give.

[mister md] 20/4/2018 14:40

one week on and it's still

"Very encouraging price action over the last few days!" ;)

[professor x] 13/4/2018 11:05

Very encouraging price action over the last few days! But what is going on with that spread? I've never seen it that wide!!!!

[massimoj] 06/4/2018 15:29

Annual report is out btw - on the website

[mister md] 06/4/2018 11:51

recovering a bit

[topvest] 03/4/2018 17:56

I’m awaiting the Annual Report. May top up later in the year.

[rcturner2] 03/4/2018 09:29

My entry here would be around £1.

[keith95] 29/3/2018 21:43

"I am waiting, there is no rush to buy stocks like this."

More than happy for you to buy my shares when I've finished with them.

:)

[wllmherk] 29/3/2018 17:25

I bought back in today at 135p, previously sold at 193p, would be delighted if I could repeat the trick although my recent track record has been patchy to say the least.

wllm

[rcturner2] 28/3/2018 08:35

I am waiting, there is no rush to buy stocks like this.

[keith95] 28/3/2018 00:06

Aleman

"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."

Agreed - and a low wage low regulation hire and fire Prof Mindy Minford type of Tory Brexit will help too.

Kept half profits from last year .. started buying back at 148 grabbed some more today at 132.5 ...

.. will we see 100p? Maybe after ex-dividend date but a 10p dividend covered twice over for a stock at 130p is excellent value.

[westcountryboy] 27/3/2018 21:19

Price now seems to be assuming a few years of dividends and a decline to bankruptcy - a tad pessimistic surely?!

[mnomis] 27/3/2018 20:34

@ RCT indeed it does. Buying now when factor in 10p dividend looks attractive, but looks like could drift lower and my 145p top-up was early. Would expect some buying in run-up to 26th Apr ex-div date.