NARS.L Share Price (NARS)

Doesn't seem good to be acquiring so many sites, with work volumes flexible Work volumes across the country are way way down from previous years, Recent hail damage wrote a lot of vehicles off or was subcontracted out to hail specialists flown in from abroad. When have we had a bad winter of heavy snow is any poor weather predicted. Acquiring way to many overheads creates serious cash burn. The bigger NWCR become the more they need to be fed, when there isn't much food available not good.

@bankster you are doing well now...... QPP though....might look like a bad sell - I suppose they needed the cash.

Did someone just BUY a total of 99 pounds worth at .97. After commission buying and selling the outlay will be £120. No return whatsoever on the offer price of £1

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12302010.html

Nationwide, the largest dedicated provider of automotive crash repair services in the UK, is pleased to announce that it has completed the acquisition of Seward Accident Repair Centres Limited ("Seward"). The total net cash consideration is £3.8m and will be funded from the Group's own cash and banking resources. Seward is the tenth largest independent bodyshop chain in the UK and operates from a Head Office in Hampshire with eight bodyshops, together with mobile vehicle repair services, in the areas of Poole, Bournemouth, Southampton, Portsmouth and Brighton, providing repair services to retail customers, insurance and fleet companies. For the year ended 31 March 2014, Seward generated revenues of £16.0m and profit before tax and depreciation of £1.1m. Its net assets stood at £1.5m at 31 March 2014. The addition of Seward's bodyshops gives Nationwide greater coverage in the South and improves economies of scale and flow whilst extending the Group's presence in its target markets of insurance, fleet and retail.