Nationwide Accident Repair Svc Share Discussion Threads

[smarm] 02/2/2009 17:09

Mas - agreed. They had a solution but problem is how much worse it's getting as the market falls. I guess we won't know until back end of March. Like you it's on my watchlist.

S

[masurenguy] 02/2/2009 16:46

Hi Smarm - no position - been on my watchlist for a while. Like the company but not the pension deficit !

[smarm] 02/2/2009 16:20

Mas - hey, how's things.

Thanks for the link. I lost money back last year on these after buying at 1.45 and 1.34. One of my worst trades, lost 23%. All looks/looked fab on paper other than the pension deficit but they just kept going down. I presume the logic was high oil price, people driving less so less accidents. Now I'm just looking at it thinking, is there an upside. I hate two market maker stocks.

Are you in?

S

[masurenguy] 02/2/2009 15:18

Todays price rise probably due to the Investors Champion tip !
..............................................................

NATIONWIDE ACCIDENT REPAIR SERVICES
2nd February 2009

Share price 94.50p

The snowy conditions suggest that crash repair companies are worth assessing – especially if they come with a 6% yield and decent cash generation!

Nationwide Accident Repair Services has over 70 vehicle repair centres in the UK and employs over 2,200 people. For the full year ending 31st December 2007 it generated revenue of £152m, pre-tax profit of £6.1m and earnings per share of 11p. The group recently reported that full year results would be in line with market expectations, representing a record year (Consensus broker estimates are for pre tax profit for 2008 of c£7.8m and eps of 12.7p). The group had net cash at 31st December 2008 of approximately £5.4million (£4.6m 30th June 2008) after the acquisition of six body shops over the period. Accident rates were apparently down in the second half so the group would appear to have gained market share.

[energeticbacker] 02/2/2009 14:24

The AIM quoted vehicle crash repairers Nationwide Accident and Just Car Clinics should do well out out of the current snow across the UK.

Commentary out on Investors Champion www.investorschampion.com.

[westcountryboy] 29/1/2009 08:33

Daniel Stewart forecast for 2008 is 12.7p eps and 5.1p dividend, rising to 13.3p and 5.5p in 2009. So current price seems attractive to me.

[harrogate] 29/1/2009 07:35

Dont hold these - good TS - Does anyone know what market expectations are in terms of earnings for 2008. Possible issue with the pension fund? I hold JCR the number 2 to these guys so pleased with this TS for what it tells us about the market.

[masurenguy] 29/1/2009 07:26

RNS Number : 4189M
Nationwide Accident Repair Srvs PLC
29 January 2009

Pre-Close Trading Update

Nationwide, the largest dedicated provider of automotive crash repair services
in the UK, is pleased to make the following update on trading for the year ended 31 December 2008, prior to entering its close period.

The Directors are pleased to report that Nationwide's full year results are
expected to be in line with market expectations, representing a record year. The balance sheet remains strong, with nil borrowings and net cash as at 31 December 2008 of approximately GBP5.4million. This is after the acquisition of six body shops over the period. The performance demonstrates the success of the Company's twin track strategy of growth, organically and via acquisitions. In particular, results reflect the benefits of contracts and volume extensions won in the previous financial year. The Directors remain confident that the business is well positioned for long term growth.

[topvest] 08/10/2008 21:12

Bought a few of these today. Looks a strong company. No debt other than a pension scheme deficit. Should get a 5p annual dividend. Largely recession proof.

[hsbcpremier] 27/9/2008 14:26

A total of 300 staff have lost their jobs at Motor World, the car parts chain, after it went into administration. Ninety-five of the group's 237 stores have been closed.

[dorkus maximus] 27/7/2008 10:25

High oil price
-----> fewer people driving
======>fewer accidents
--------> high fixed costs of centres uncovered
===========> profit warning

just a theory

[whiterussians] 11/7/2008 15:08

down down deeper and down - status quo

[westcountryboy] 08/7/2008 15:52

It looks ripe to hit old lows to me, and then, as a defensive, high-yielding, cash-rich business, to bounce off them!

[whiterussians] 08/7/2008 15:49

tanking now. looks ripe to hit new lows

[hsbcpremier] 07/7/2008 23:25

high oil price = fewer people driving and having accidents = less work for NARS?

It seems like high gas prices are finally having an affect on the US. For a while, people got by on the hope that prices were just in a spike, but with oil prices soaring above even the most cynical forecasts, it looks like expensive gas, and changed driving habits, are here to stay.

The Federal Highway Administration (FHWA) just released their March, 2008 numbers, and they show a huge decline of 4.3% over last March. 4.3% might not seem like a whole lot, but just by looking at the above graph, you can see that any drop would be in huge contrast to the trend over the last 25 years.

[anusol] 09/5/2008 16:59

sure is a steady riser this one..... shame I missed an apportunity to average down couple of months ago, but confident I'll be back to break even at the end of the year - then who knows, might even see a profit next year!

NARS must be pretty much recession proof, and credit crunch proof? car repair business is essential whatever the business cycle.

[sharedobby] 09/5/2008 13:10

heading in the best direction !! :-)

[sharedobby] 08/5/2008 15:46

Nice little divi and nice little rise...

[sharedobby] 06/5/2008 11:00

hmmmmm.... looking ok....

[sharedobby] 06/5/2008 09:28

Still slowly slowly........

[anusol] 26/3/2008 09:26

noticed JCR have stronger growth at the moment, but smaller mkt cap position to start from - any chances of consolidation?

obviously the cash position at NARS would help them out with their expansion in current debt mkts. Like the emphasis on team & employees in the JCR interims statement.