Nationwide Accident Repair Svc Share Discussion Threads

[battlebus2] 24/3/2015 10:51

Chart looks ready for the next leg up to 90p imv..

[gutterhead] 13/3/2015 19:59

Yes spob
Q out of the way, great results to come and can see 100p soon with reasonable dividend announcement

[spob] 12/3/2015 10:28

and if i had been able to buy off quindell at 65p, those shares would have hit the market in a flash

surprised that hasn't happened ............YET :)

[spob] 12/3/2015 10:12

sold my nars holding today 89p

around 34% up with dividends over 2 years

isn't bad i suppose, but i cant see another 34% in the near term



reasons

divi cut
pension deficit drain on resources
quindell forced seller at 65p


would consider buying again around 45p

[cestnous] 11/3/2015 10:04

Looks like it has battlebus (recent Highs) :¬) Very quick recovery from the QPP sale

[battlebus2] 11/3/2015 08:58

Hi paleje, yes not that i want any accidents perversely its a symptom of an improving economy. Could break new highs today.

[paleje] 11/3/2015 07:20

FT this morning reporting tough times for motor insurers, good for motor repairers though I would think:-

Financial Times: The share prices of UK motor insurance providers went into reverse on Tuesday, with Esure leading the falls with a 9% drop after it highlighted a rise in accident claims that coincides with robust economic growth and lower fuel prices.

[battlebus2] 10/3/2015 09:02

Any buying now moves the price so i expect to see £1 in sharp time..

[battlebus2] 09/3/2015 20:02

Thats good to hear playful, any more details you can furnish me with, thanks.

[playful] 09/3/2015 19:49

You are in good company BB2 as GW has been buying recently according to the evening standard.

[battlebus2] 09/3/2015 14:37

I've been buying in here over the last few sessions, looking for £1, as ever dyor etc..

[gutterhead] 06/3/2015 23:02

How pleasant. Such lyrical talent. Pointless, idiotic and Filtered

[salpara111] 06/3/2015 15:15

SP action is both impressive and confusing!
25% sold at 65p but the share price is rising?
I have to confess I fully expected the share price to soften back towards the 70p area but clearly not!

[gutterhead] 05/3/2015 21:07

Tidy and very significant that q shares are out of the way.
Door open to all sorts of possibilities now.
Really think they will push on now

[topvest] 05/3/2015 20:23

Yes, very good news indeed. MITON and The Diverse Investment Trust (MITON run) will be holding for a while I suspect. River and Mercantile may be for their small company fund or their recently listed investment trust. They certainly got a good deal. Gervais Williams at Miton buying is always a pretty good sign I think. We should now hopefully see a big push to a £1 which is surely a realistic start point for a new range with their end markets recovering.

[sweet karolina] 05/3/2015 19:38

Not sure which complete moron decided to vote my earlier post down, possibly a moron who thinks more highly of QPP than of NARS.

With the holdings RNS's out already, it would appear the shares were mostly placed with genuine holders, as I hoped they would be.

QPP are going down the pan and very quickly by the looks of things with one of their subsidiaries with a CCJ and now another facing a winding up order for non payment of bills.

Being shot of QPP as a major shareholder should come as a massive relief and I hope the share price responds accordingly best of luck.

[sweet karolina] 05/3/2015 07:16

QPP have placed their NARS holding - this will be confirmed by a holdings RNS in the next few days.

The same basic rules then apply as to an ordinary placing where the company issues more shares. Look out for the holdings RNSs for those who bought. Hopefully the placing has gone to a small number of genuine investors who have exploited QPP's misfortune to pick up a bargain.

It looks like NARS is in a close period, so directors will not have been able to take part, If the company has a resolution for share buy backs then they may have taken advantage, but if they don't then I don't think they can use company money to buy their own shares.

Take the number sold, then take away the numbers bought as announced in holdings RNSs and you can then assume that at least 90% of the difference will be flipped on for a quick profit. With that number look at the average daily volume, divide buy 2 as only half are buys, divide by 2 again because the flippers will not be the only sellers and you will have a rough idea of how long the overhang may take to clear and therefore how painful it might be.

No position here just advising on normal market process, I hope the overhang is small and you all do well out of QPP's misfortune. For what it is worth NARS would appear to be one of QPP's better investments. The fact that they have been able to sell it now in this way rather that as a fire sale later bodes well for NARS.

[deanowls] 04/3/2015 19:41

Hopefully Nars have picked up a few at that price for cancellation, surely they would have known about it.

[cestnous] 04/3/2015 17:48

Tomorrow or the next day probably TV. May see some upward movement now if whoever bought them holds on to them, though at that price they could sell over time and the share price could go the other way. :¬/

[topvest] 04/3/2015 17:44

I wonder who has purchased the Quindell stake then? Overhang gone I guess, so could be very good news. Shouldn't there have been an RNS?

[spooky] 04/3/2015 17:29

That depends on who bought them.

[deanowls] 04/3/2015 17:24

Spotters badge, thanks. Are these now going to be dripped into the market over time.

[spooky] 04/3/2015 17:20

deanowls - Today's trades after the bell.