Nahl Share Discussion Threads

[ali47fish] 12/1/2021 18:37

deadline is tomorrow 13 january?

[scepticalinvestor] 16/12/2020 08:59

not bad - positive update.

[scepticalinvestor] 13/12/2020 11:27

So should have final confirmation this week.As Frenkal has such a large holding I doubt they will walk away.But who knows?!

[scepticalinvestor] 09/12/2020 14:13

bought a few more todayeven if merger does not go through its still on a very low metric...

[scepticalinvestor] 30/11/2020 14:08

Volume picking up!

[scepticalinvestor] 18/11/2020 09:43

Lol read the rns released today dimwitAnother month to waitI reckon it 90% a done deal and am buying moreAimho

[ali47fish] 18/11/2020 09:19

thought today is thed dealine to offer or stumm?

[scepticalinvestor] 17/11/2020 14:01

very much agree.might take a tiny punt though

[ali47fish] 16/11/2020 17:54

unfortunately from experience when things get delayed it often means no deal done!

[scepticalinvestor] 15/11/2020 09:53

last few days for bid to be agreed...

[johnhemming] 01/10/2020 14:00

I now know what is happening. Trades declarable by the underlying purchaser or seller are declared on form 8.3. Some market makers need to declare trades as well and that appears to be on form 8.5.

[tiltonboy] 01/10/2020 07:16

Aleman,

They are!

[aleman] 30/9/2020 19:19

I thought they were market maker declarations for some reason.

[johnhemming] 30/9/2020 17:37

I don't know the Takeover code panel rules inside out. I don't see any declarations of share trading by Frenkel. That may be that they don't need to.

[grahamg8] 30/9/2020 17:33

What are Frenkel up to? They seem to be trading Nahl shares, and doing a pretty dreadful job of it. Only a few shares each day granted, but they buy at a higher price than they sell at. Madness. I find it increasingly difficult to believe that this approach is a serious preliminary to an offer. If they thought 55p+ was a sensible price then they should be mopping up anything spare going, not p*ssing about.

[johnhemming] 30/9/2020 11:52

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.

[loglorry1] 24/9/2020 21:57

Agree topvest but why do you think Mills will be generous?

[topvest] 24/9/2020 21:16

Chris Mills is the key here. Remember that Harwood Capital have a major holding in both. They aborted their takeover bid on FEN in the summer. We know why now....presumably because of the idea of using FEN as a vehicle to combine with NAHL was an enticing prospect!

[grahamg8] 23/9/2020 17:02

Fairly predictable big rise and slight retrace. Not much turnover so it seems wait and see is the overall conclusion of most shareholders.

[energeticbacker] 23/9/2020 15:54

NAHL and Frenkel Topping: the combination of these two, relatively low profile, AIM companies could be a good move.

More on the Investor's Champion website.

[apfindley] 23/9/2020 09:04

I think rather than a cash offer it will likely be new equity in the predator company exchanged for your nahl shares.

[loglorry1] 23/9/2020 08:36

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.

[someuwin] 23/9/2020 08:11

'National Accident Helpline' must be the most well known brand in the sector. Must be worth a hefty premium on its own.

[someuwin] 23/9/2020 08:07

Wonder if CEO Russell Atkinson resigning two weeks ago was because he intends to put together (or front) an alternative bid?

He's been with the company since IPO.

[loglorry1] 23/9/2020 07:48

I would strongly dissagree that it is more than fully valued. Look at how much cash was generated last half year, how much debt was paid down. Post new regulations they will be very well placed to generate a lot of cash going forwards. FEN do look a bit small to take on NAH but I suspect this might well flush out some new bidders. Chris Mills via Oryx and NAS have been buyers and they could take the company private for example.