Member Info for heaveho

Helphire has indicated that a number of insurers are keen to reach settlements with the firm over the use of "dishonest" Autofocus evidence as the company reaches a deal with RSA and Direct Line Group on access to information on the rate surveyor As first reported by Post in June, the credit hirer was granted a High Court order to access information on Autofocus to ascertain how many of its own cases had been affected by Autofocus' "doctored" evidence. RSA and DLG initially objected to the application but the court granted Helphire access with stipulations such as paying an outside body to access the information on its behalf. Helphire said in a statement accompanying its results for the three months to 30 September 2012 that the company had been engaged with solicitors acting for the Autofocus liquidators and DLG and RSA to agree the process to extract the information required by the group. This will enable Helphire to determine the appropriate level of damages suffered as a result of the unreliable evidence offered by Autofocus and then to seek recovery of those losses from defendant insurers. Helphire stated that this exercise is close to completion and the approved intermediaries should soon be able to commence the process to extract and provide the firm with the permitted information. "Once started it will take some time to conclude the process. And therefore it is still too early to quantify the value or timing of any possible settlements that may be obtained," the statement continued. "Where possible, it remains the group's intention to make good its losses through negotiated settlements. A number of insurers have indicated that they would wish to enter into dialogue with the group in this respect." Helphire posted a fall in net debt of £4.6m to £106.2m for the three-month period ended 30 September 2012. Debtor days at 30 September 2012 were reduced to 156 days (30 June 2012: 165 days) and compare with 180 days at 30 September 2011. The company said that financial performance had continued to improve and that it recorded a trading profit against a "significant trading loss during the corresponding period last year". Helphire noted that early indications are that this trend had continued in October, but added: "The coming winter months have a significant weighting in respect of the group's trading so, whilst the early indications have been encouraging, there is still much to deliver."

i think the AGM will provide a proposal and it will detail plans to move forward, we could be surprised. let the games begin. i think we need to ready ourselfs and jump on board. a new model will possibly make attractive to other clients to jump on board making HHR a stronge and very competitive Company in the current climate.

a constructive debate would be on the current model, the changing enviroment. A ideal RNS will include whether its loooking to merge or how it will move forward especially with April hot on its heal. Its no good HHR talking about how the current climate is difficult, we want to know how it will pave the path and find a resolution. HHR have had enough time to absorb the current climate we need a proposal.

could the smalller amounts be helphire employees offloading shares????

HELLO (Hello) ((hello)) (((hello))) ((((hello))))

if i may continue, do you think this will dip more? i am invested. the compay are not expected to do much this year allegedly

Cinders, i assumed they purchased, have you seen todays RNS

Guys can you interpret the RNS for me, is it stating that UBS has purchased 10,495,700 million shares.