marktime1231
01 Dec 2017
Strong surge late today The NAH share price surged to 170p late on this Friday afternoon, before settling back around 165p which is still a one-day gain of 8%.Welcome pick-up from an over-sold p/e of about 6 ... but I wonder why?No news, announcements or gossip that I can find about NAH nor about industry issues.
Ewan Hoosami
22 Jul 2017
Re: In line, robust decline I've been out of NAH over a year now and so have been trying to find out why the sp has reacted so badly to the government's proposals and why the share is yielding an incredible 15%. And here it is, from the RNS of 14/3/17:Along with a short term impact on operating profit, cash generation is likely to significantly reduce in 2017 and 2018 before returning to levels previously achieved. Despite the increased investment and deferred profits, the Board still intends to maintain the Group's policy of 1.5x dividend cover.---------- -----So, not back to normal until 2019 and an unsustainable dividend. Add in the uncertainty over the timing of new legislation and it's hard to see a short term catalyst for a rerating. (Strange use of the word 'despite' in the RNS excerpt by the way. Intentionally muddying the waters?)
marktime1231
19 Jul 2017
Re: In line, robust decline Took my own advice and added a third small and final stake at 131p.Even with a dividend dent this is seriously good value, NAH are profitable and here to stay.Looking at the trades today it appears there have been some serious buys at that level and even higher, as though income seekers consider this trading update to have provided assurance about future dividends.FWIW I did also take a bite of NANO.
marktime1231
19 Jul 2017
In line, robust decline Never know what to make of "in line with expectations" alongside "expected impact on comparative results" but given the warnings about a decline in PI business maybe eps has taken a hit to say 20p from 25p. I didn't detect anything worse than that, did you?Other sectors robust, too early to comment on the new tv campaign and the effect of new business links, less worried about government intervention on small claims litigation.We will learn more when interim numbers are published on 19 Sep when the interim dividend will also be announced c. 6p. Even if that is trimmed and yield is cut to an annual 15p from 19p then NAH remains really good value. More positive signs would make this a strong buy under 200p.Might be worth adding another slice before it hits 150p, but I am also tempted by news of progress at NANO ... or a punt on both?
marktime1231
07 Jul 2017
Added PI and so NAH is here to stay whatever the dent which might be caused by changes to curtail minor injury claim litigation. The renewed TV advertising campaign is part of the plan, I wonder how it is going.Surely scaredycat investor anticipation of any bad news has been way overdone, with p/e under 5 and yield from this free cash flowing business approaching 15%, I have added another slice at 130p.Let's hope for some not-so-bad news on 19 July.
evenlongershot
21 Jun 2017
Re: Due a recovery I'm tempted to add a few at these levels. As you say PI won't suddenly go away, but the market is pricing in the worry that management may not be able to profit under the new regulations. Speaking of which, doesn't this all happen in October 2018 anyway? So revenues this year and most of next could be good. That, combined with the board usually paying out a high and established (is it one third fraction??) of profits as dividend, this year could well see a whacking dividend. Maybe??
marktime1231
09 May 2017
Due a recovery Not a pretty industry to invest in, but a high-margin one. NAH looks like a bargain under 200p.The business seems to be well managed with a sharp eye on costs and is clearly alert to risks to its performance. The market over-reacted to management's cautious view of changes which might curtail short-term cash flow, and has ignored the opportunities which litigation co-financing on fewer high value cases might bring in the longer term. Personal Injury management is here to stay, whether or not we do away with whiplash and raise the threshold for self-litigation in small claims courts.So I have taken a small slice to start with at 145p this week.
Dino78
21 Mar 2017
TV Interview Morning. Short TV interview with CEO Russell Atkinson following this mornings YE Results announcement[link]
Rusty Jock
23 Feb 2017
Re: Today's 25% Rise Maybe this .... ?[link]
Rusty Jock
23 Feb 2017
Today's 25% Rise Anyone got any information behind the massive increase in volume and the 25% rise in the share price today ? I cant see anything , but am enjoying the ride having topped up at 130p and now in the blue .
LoadsaDosh2
02 Dec 2016
Re: broker view Can't read it; premium content apparently. What's the gist?
city watcher
17 Nov 2016
Today's Fall [link] (AIM: NAH), the leading UK marketing and services business focused on the UK consumer legal market, notes the publication today by the Ministry of Justice (MoJ) of a consultation regarding Personal Injury ("PI"
claims following the comments made in the Autumn Statement of November 2015. The Government's proposals seek to restrict the ability for sufferers of minor whiplash injuries to claim compensation and to raise the upper limit for the small claims court for personal injury claims from £1,000 to £5,000. NAHL, through National Accident Helpline ("NAH", the Group's PI division, has been fully supportive of the Government's work in tackling insurance fraud via its involvement in the Insurance Fraud Task Force and we welcome the increased clarity the consultation will bring, which, from an initial review, we believe to be in line with the Group's expectations. The Group will now be reviewing the content of the consultation in detail and responding appropriately.
Dino78
21 Sep 2016
Interims - TV interview Short video here following this morning's Resultswww.fmp-tv.co.uk/company/nahl-investor-relations-news-and-videos/?
Pad Mc Pad
27 Mar 2016
20% up 20% increase in share price! anyone know why?Cheers
Ewan Hoosami
23 Mar 2016
Huge trade 1.1m shares at the mid price at 12:23 - must be a buy surely? You can't sell twenty times the average daily volume without crashing the price. Another 292k went through 20 minutes later. That's over 3% of the company changing hands - holdings RNS seems likely tomorrow.Shares now stupidly cheap with nearly 10% yield and earnings growth expected for 2016.
