Nationwide Accident Repair Svc Share Discussion Threads

[bigdazzler] 24/12/2014 09:17

No I have said in the 40's not 40p so please keep up. As always it is a target with strict stop loss points therefore low risk high reward trade if entered.

Please read the post next time if your going to comment.

Oh and merry Christmas gutterhead.

[gutterhead] 23/12/2014 22:28

Wow, 40p really? Do you know anything about this company? Don't bother answering, I don't want to get into a conversation. Good luck

[bigdazzler] 23/12/2014 21:37

Well the head and shoulders pattern is now complete. Price is still hoovering just below the neckline, so would be more confident if there was now a nice break to the downside and then the target into the 40's price wise.

Merry Christmas everyone.

[gutterhead] 23/11/2014 15:29

You can't believe anything q say. They are proven liars and won't get best price by saying they are desperate to sell the nars shares (which they must be)

[deanowls] 23/11/2014 10:52

TBH it doesnt matter what QPP say, it will all be used against them, the only thing that can get them out of the mess their in is cash, cash, cash.

[topvest] 23/11/2014 10:44

Interesting article on an offer for the stake. So QPP couldn't even put out a straight RNS on this point as well then. Rather than not actively looking to sell why didn't they just say that they had rejected an offer. It wouldn't surprise me whether this offer came from Christopher Mills which would have triggered a mandatory bid.

[lymewalker] 23/11/2014 08:37

Daily Telegraph last night:
"Quindell may sell peripheral businesses"

"It is understood that the company does not need to raise cash, and in fact rejected an offer last week for its 25.3pc stake in Nationwide Accident Repair Services.

[p@] 20/11/2014 08:38

Any directors or advisers connected with QPP?

[harrogate] 20/11/2014 07:59

If I were them I would not want a potential buyer of the Company picking up a 25% stake so I think they will be talking to QPP about it already.

[spob] 20/11/2014 07:57

The board should def not buy the shares back

They should wait until qpp becomes a forced seller at any price

Only after that process has concluded should NARS go into the market and buy back shares at a silly price just as I would do myself

Not saying it will play out that way

But that's the best way to go about it


NARS should not try to defend the share price by buying directly from the qpp administrators :) ( not saying qpp will go bust but many others value the company at 0p and do expect it to be suspended )

It is in the best interests of long term shareholders for NARS to do any future buy backs at the lowest possible price

[supreme mo] 20/11/2014 07:41

RNS Number : 5343XQuindell PLC20 November 2014Quindell Plc("Quindell" or the "Company" or the "Group")Response to speculationQuindell Plc (AIM: QPP.L), a market leading global provider of professional services and digital solutions, confirms that, contrary to speculation, it is not actively seeking to sell its shares in Nationwide Accident Repair Services plc.For further information: Quindell Plc Tel: [phone] David Currie, non-Executive Interim Chairman Robert Fielding, Group Chief Executive Stephen Joseph, Head of Investor Relations Cenkos Securities plc, Nominated Adviser and Tel: [phone] broker Stephen Keys/Mark Connelly Bell Pottinger Tel: [phone] Victoria Geoghegan/Will Powell This information is provided by RNSThe company news service from the London Stock ExchangeEND

[supreme mo] 19/11/2014 21:45

I would favour Nars to buy shares back. Who knows it could get them at a good price...I wonder if the BoD are aware of todays article?

[harrogate] 19/11/2014 18:33

Hi Mo. Yes I remember it well. I have my cash from JCR this week having sold out for 45p in a tender offer. I see this as very different as JCR was almost a micro cap, was protected from any bid activity by majority board holdings and NARS is a much bigger morsel for someone in the UK market and I see it as a springboard for a bid or as I say for the company to spend £8m or so which I think they could do. Let's see what happens!

[coolen] 19/11/2014 16:47

Do not overlook Miton Group. They built up a 15% stake in NARS before selling it to Quindell.

[supreme mo] 19/11/2014 16:17

Harrogate, not often I disagree with you, but on this occasion I do. You will probably remember the impact Rapid Realisations fund had on Just Car Clinics when it sold all the JCR stock as it was closing down. JCR eventually delisted after price was smashed in to as low as 15p from over £1 at its highs.The best situation would be to see an off market agreement at x % below share price in one go rather than dripping a huge anount of shares into an illiquid market. It would be good to see whoever buys the stock buy additional stock in the market to support the price.Fingers xd. GL all.

[harrogate] 19/11/2014 14:42

I don't see it going lower ..I don't think they will dribble it out but it will either go to a bidder or the company and I see the price going up either way

[spob] 19/11/2014 14:39

If a forced seller could knock these down by 50%

I'd be so chuffed

[spob] 19/11/2014 14:38

I'm relishing the prospect of a forced seller

I will double my holding at a stupidly cheap bargain price.

[harrogate] 19/11/2014 14:09

Given that qpp paid in shares for the majority of the stake not sure they actually paid very much for the stake at all

[gutterhead] 19/11/2014 14:06

They owe qpp 84p and although qpp are desperate for the cash, would they sell?
Think it makes great sense from a nars perspective and it would enhance share price as you say.
They have been acquiring more body shops and may want the money to continue this though?
I think it's going to be an interesting next six months for nars, they look well set for the years results and don't look expensive.

[harrogate] 19/11/2014 14:00

I don't think the £8m is too much for the company to buy back themselves. if they could would be massively earnings enhancing and remove the block in one go

[supreme mo] 19/11/2014 13:56

Shareprophets article out stating thet have it well sourced QPP are open for offers for their stake in NARS.How will management react?

[gutterhead] 18/11/2014 08:21

Is that a statement or a question or a guess?

[onjohn] 18/11/2014 00:56

quindell is going to dump its load at 20p????