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might just be the nail that seals this coffin in this for me, i can't see it ever getting back to my current average, slashing the dividend crippled the sp, suspending it has i think just guaranteed this is not going to recover anywhere near £1 any time soon. Too many things now seem to be on shaky ground.
And they're all buying in at a premium as well, 56-57p.
Several £50k+ buys coming through in the last 2 hours. The big players definitely know a bargain when they see one
What a bargain at this SP, massively oversold
Ouch .... somone is hurting this morning.
Correct ... I’ve been out since April .... the share has held up well so I would have been better hanging on ... but there is a lot of competition in the sector now with lawyers4u that hits the top of the Google search engines and NAH doesn’t want to go into a price war ... with the law panel disintegrating .... that model is dead as far as I can see .. but I do like the small claims developments ... but as software and a web site ... strikes me as a good idea but not too difficult to replucate.
"...NAHL has a c.19% share of the £157m claims management market but its move into claims processing increases the addressable market to £3.9bn."
18 July 2019
NAHL Group PLC
Pre-Close Trading Update
NAHL (AIM: NAH), the leading UK marketing and services business focused on the UK consumer legal market, is today providing a trading update for the first half of its current financial year, covering the six months to 30 June 2019.
The Group has performed in line with the Board's underlying earnings* expectations, with revenue and underlying operating profit** both showing growth against the same period last year, as well as sequential growth on H2 2018. Net debt at 30 June 2019 was GBP17.6m, which was marginally lower than the Board's expectations.
Within the Group's Personal Injury division ("PI"), National Accident Helpline ("NAH") continues to operate in challenging market conditions, driven by competitive pressures. The Board expects these to persist until the implementation date of the legal reforms, currently planned for April 2020. NAH management continue to adapt the division's marketing and placement tactics to respond and optimise the results. The strategic transformation of PI continues and, pleasingly, the contribution from its Legal Services business unit is slightly ahead of expectations. This includes the Group's wholly owned law firm, National Accident Law, which has made encouraging progress since its launch in April 2019.
The Group's Critical Care division has performed in line with the Board's expectations and delivered double digit profit growth in H1 2019.
Whilst the residential property market has deteriorated further in H1, we have continued to progress a number of initiatives to drive growth in H2 and are beginning to see some market share gains.
Overall, despite no noticeable improvement in market conditions, the Board is pleased with the Group's strategic progress and its underlying earnings* expectations for the full year remain unchanged.
NAHL will announce its results for the six months ended 30 June 2019 on 17 September 2019.
Russell Atkinson, CEO of NAHL, commented:
"The first half of 2019 has been an exciting period with the successful launch of the Group's wholly owned law firm, National Accident Law, which has demonstrated encouraging progress. Critical Care has continued to perform well, generating a strong profit performance, while the Residential Property team have concentrated on driving share growth in a difficult market environment.
"The Board is pleased with the Group's performance during the first half and remains excited about the opportunity that National Accident Law represents for the PI
slashing the divi killed this
A bit of upward movement Friday let us see what next week brings
I'm out now .... so GLA ......
These were the items I didn't like from the results:
"As anticipated, the PI division has seen an ongoing decline in Panel Law Firm demand as a result of the forthcoming regulatory changes. "
.. and when I look at New Law - the new venture .. it has the same registered office as YouLaw LLP which has dire reports as an employer ......
.... plus I'm seeing a whole bunch of PI adverts on TV .....
.. .so happy to let the dust settle and see what happens.
Stephen English of Blankstone Singleton gave some favourable comments yesterday " one of the best restructuring stories on Aim" hence the tick up. I like the wholly owned law firm great move and divi soon to come.
You should hope I do sell out ... a sure fire one way bet it will double a year later!
Nothing wrong with taking profits, hope you kept plenty this should easily regain its £3 -£4 price of several years ago medium term.
Took some profits at 121p today ... shown as buys but the spread was high .... GLA
Indeed ... hold onto your hat some big trades posted
Looks like the next leg could be imminent, ex divi in 4 weeks with profits increasing the divi now looks safe at these levels
Sold a few on the 107 spike last week ....
... look for a sub 100 buyback.
;)
Looks like the little recovery has stalled at 102
Fair enough ... I also bought at 90p 83p and 77p and have sold those today keeping the shares as profits ....
..all helps to get the average down.
oh i see, not sure, there's been so many RNS's lately regarding various holdings it would have been easy to miss.
Results out, market seems to like, i missed my chance to avg down i think, but, that dividend means they cut the yearly dividend by nearly 50% that hurts
Crystal: Lombard Odier Asset Management (Europe) Limited now has 14.2% ....
... didn't have them with any shares at all.
https://nahlgroupplc.co.uk/investors/significant-shareholders
How come they leap to 11%
been watching this one closely as i need to average down, but didn't have the funds at the recent lows, so the question on my mind now is are we going to see a sustained recovery
What are you asking Temple ?
Up to 11% of have I misread?
Hard to keep track ... I don't have this company with any shares ..... beforehand ...can anyone help?
Try not to be too offended when people don’t take you seriously.