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all things considered it wasnt too bad.
heavy down too.... kinda numb to it now.
maybe they'll pick some business up from all of the argy bargy to do with fuel bust ups. What a comedy show this currently is.
I didn't think the results were bad. I think they did quite well considering. Let's see if they take on some related covid work.
not the best results i've ever seen, but i guess if you lockdown idiots then less legal claims and accident compensation claims are going to be a side affect, in addition to massively reduced cars on the road through the pandemic goes without saying a lot less RTAs..... at least we made a little money and reduced some of the debt
the slower than expected recovery is however worrying.
if it dips below 40p I might have to avg down, because right now i'm a long way under water
interim results due, company doing a presentation, it's either to showcase the recovery and new direction they are taking or to get the begging bowls out.
wonder how far it will fall after the results and the presentation!
explain pls
Well … sometimes one takes a bigger risk holding.
Looks like insiders are buying into a sale of assets?
unfortunately at my current holdings vs cost level, i need a big spike!
We all know NAH will take a little spike when it sells its coneyancing business.
Sold at a loss maybe?
"Britain could slash environmental and safety standards 'a very long way' after Brexit, Tory MP Jacob Rees-Mogg says"
Good for NAH
of their 6.11 percent holding :o
Just picked more up at 45p or thereabouts. Little bear raid trying to trigger stops maybe?
Colebrook increased holdings. We could do with some more of that. All good though
Dirt cheap at this price
beautiful end of the week.
Thanks threeput
Looks very interesting at this price. I'm going to create a small position on this.
I bought very recently mainly on this section from the most recent update, I always like the 'transformational' word:
"Over the last five years, and in advance of the implementation of the Government's reforms, the Group has been executing its business transformation strategy, with the successful launch of National Accident Law ("NAL") in April 2019. This has included transitioning from being a claims management company into a modern, technology-enabled law firm, with a market leading brand that is able to process its own enquiries"
It may stay down here for a while before moving, but I have high hopes here
Thanks Florence
I'm most definitely tempted on this as a speculative punt, especially considering your comments.
Hi Bismarck,
Personally I’m invested because despite some restructuring costs and write downs, the underlying business has remained cash flow positive throughout. I agree that a lot of the problems were pre Covid but a significant amount of the recent drop in profits is due to fewer people on the roads etc.
If you discount the exceptional items from the 2019 figures (I think mostly impairment of goodwill and some restructuring) then the underlying operations made a circa £9m profit, if they return to those numbers once the Covid/restructuring is out of the way then it’s very, very cheap, in fact around a 4x EV/net income multiple.
Of course though that is a big 'if' as the new legislation regarding road traffic accidents will likely cost them some business, exactly how much remains to be seen. In my opinion the share price is currently factoring in a catastrophe where we may only see serious distress.
All IMO of course ????
I'm looking for undervalued UK listed micro/small caps on Stockopedia. Nahl has come up in my research. A few of the companies I've uncovered thus far still look undervalued, obviously revenue and profits having been adversely affected due to Covid, and may be due for re-rating . In most cases however I think the train most definitely left the station some months ago and there are very few real bargains remaining.
Nahl looks different. Revenue, profits and SP in significant decline for 5 years. Obviously not Covid related and no sign of recovery.
I'm curious as to what they are doing wrong and why anyone (myself included) might be tempted to invest?
Taken a tiny punt today .. still a couple of thousand down from 2019 but bailing was a sensible move .... housing market is buoyant for the time being - check, a lot of nutters on the roads enjoying sparse motorways - check, medical enquiries set to spike with pressurised NHS - check.
Competition in the sector is the worry .. so not entirely confident ... but can see £1 a share with divi reinstated plus noted some debt paid off from last results.
A pleasant bounce up today.
Also it's relatively new to the stock mRket. Companies sometimes take a while to settle. Lots to come, give it a few years and this can bounce big time. It could even be primed for a takeover one day by an Industry major. Many options for NAHL going forward.
It's Times like this we all need to see the light and the possibility of great gains that could be achieved. Remember 2020 was a tough year for most companies , let's see what recovery looks like in 2021/2022/2023
In my opinion, NAH will come back. Give it time, decent company and will come good. I wouldn't panic sell at all tbh hold this even if takes 2-3 years I think will get back to 200-300p
Im buying low and holding as I think within next 24 months post covid this will prosper
IMO
Yep, silly money
Looks so cheap at the current price
Looking to buy below 40p
Overlooked your post, sorry. I hear you on holdings. I’m big in red too, too much to write off and to average down to sub £1 would be like taking a mortgage out. Waiting game now I guess. I’ve tried to find out about what’s happening.... bummer if dead in the water, either way too. Last I knew and to find out was the reverse takeover option. Oh well, time will take time I suppose. At least it’s not a failing company. Flippin cheap at the moment too.