Nationwide Accident Repair Svc Share Discussion Threads

[topvest] 06/2/2011 08:13

Yes, their pension deficit would be a bigger issue if the company also had debt and didn't have a cash generative model. I agree it needs to get sorted medium term, but it can be managed and is in the price anyway.

[bookbroker] 05/2/2011 23:03

At the half year this cos. pension deficit was in the region of £25m., they are injecting £2.5m. each year for the forseeable future to reduce it, off course markets have risen significantly since the last valuation, however this is still significant in terms of the degenarative effect that the current rate of RPI is having on the value of assets.

[gutterhead] 05/2/2011 14:59

inadequate funding?
they have no debt

[bookbroker] 04/2/2011 21:09

I would feel a good deal happier if their pension deficit was a good deal smaller, far too large for a co. of this size,irrespective of the contributions being made, small cos. should not have these millstones around their necks, somehow it seems to smack of gross negligence by the managers in charge of ensuring adequate funding.

[bookbroker] 04/2/2011 21:02

Can't cease banging on about this, but it seems that the IMS has has left investors bemused by this stock, they would have been better to have kept their mouths shut, as it contrary to the statement being positive , all it has done is send the share into a spin - bizarre!

[bookbroker] 02/2/2011 14:44

Line of stock here creating what seems a fair problem here to clear, impression that IMS fairly positive, however it seems a lack of flow through causing share price to drift, needs a catalyst to alter trajectory, another frustating situation for holders, is there really any point in being involved with small caps.!

[red ninja] 18/1/2011 16:14

I wonder if the cold weather was positive due to more accidents or did they lose revenue as people could not get into work.

Hoping for the former and holding ...

[bookbroker] 18/1/2011 14:28

What is it that will move this co. forward in terms of its relative, is it the overall performance or the pension fund deficit that is holding it back, they stated at their last IMS that internal forecasts were expected to be better than estimates, it is likely that they are having to work hard to maintain performance within, however they are actively recruiting personnel so the co. is being forward-looking all the same, a shame that the valuation is unable to move forward with the efforts of management.

[bookbroker] 20/12/2010 14:41

Chunky buys going through as I speak, time the mm's gave this a shove.

[bookbroker] 20/12/2010 14:40

Too cheap these are, strong balance sheet, net cash and the way the weather's going, high motor excesses or not, there is going to be a lot of repair work avaliable, that is off course unless the snow becomes a hindrance to themselves.

[wjccghcc] 13/12/2010 23:07

I added some a couple of weeks ago at 92p when the snow started.

[red ninja] 13/12/2010 17:28

Mmm looked like chunky 50k and 25k buys today.

I'm suprised that there hasn't been more interest in NARS given the weather has been raising accident levels ..

[anusol] 13/12/2010 13:28

Is this the quietest BB on ADVFN?

Nice news today, Hoping it will break the £1 and stay there.

[muffinhead] 25/11/2010 21:38

stairs up, escalator down

hope the market doesn't go bump in the night

[topvest] 21/11/2010 22:10

Why should there be any. They have already made announcements on this years trading being good. Just because the shares drop by 10% doesn't mean they should react.

[envirovision] 21/11/2010 19:58

but why no news?

[topvest] 21/11/2010 18:48

Yes, bargain territory again! Time to add more on any weakness.

[anusol] 27/9/2010 08:11

well all quite on the BB, so that's usually a good sign :-)

[anusol] 23/9/2010 07:41

nice steadfy growth share - one for longterm holders who want both income and growth. PLUS it avoids cap gains tax ! perfect :-)

[topvest] 22/9/2010 21:28

Yes, good news. Still undervalued.

[red ninja] 22/9/2010 07:17

Nice results :-

Key Points

? Good progress in first half and three year growth plan underway

? Revenue of GBP87.25m (2009: GBP90.94m) - up 9% on H2 2009

? Gross profit margin increased to 48% (2009: 44%)
- reflects continuing operational efficiencies & cost base realignment
completed in H2 2009

? Profit before tax increased by 26% to GBP3.03m (2009: GBP2.41m)

? Earnings per share increased by 28% to 5.1p (2009: 4.0p)

? Net cash at 30 June 2010 at GBP8.15m (2009: GBP7.88m)

? Strong operating cash generation - GBP3.3m

? Interim dividend increased 6% to 1.8p (2009: 1.7p)

? Major new insurance contract win, with Groupama, secured in April 2010
- Nationwide to manage the deployment of all Groupama's vehicle repairs

? Additional repair capacity added in the North East region to fulfil
demand

? Board believes Nationwide is well-positioned to deliver profits ahead of
current market expectations for the year


Michael Marx, Chairman, commented,

"Results are very encouraging, with profit before tax up by 26% to GBP3.03m, and
cash generation remains strong. In addition, Nationwide continues to maintain a
robust balance sheet, with substantial net cash and no debt. This all provides
a firm platform for the Board's progressive dividend policy and, accordingly, we
have raised the interim dividend, reflecting the Group's good performance.

Nationwide is well-positioned to continue to execute its growth plans. We are
investing in the business to take advantage of the growth opportunities we see
in our core insurance market as well as in the allied fleet and retail markets.
At the same time, we are considering acquisition opportunities, which complement
our existing operations.

Given our good performance over the first half and current trading to date, we
believe that results for the financial year to 31 December 2010 will be ahead of
current market expectations."

[value viper] 15/6/2010 15:27

solid, reassuring update really.

[anusol] 30/4/2010 14:27

GREAT NEWS today - come on NARS get me back over 100p and lets see you stay there.