Member Info for KNIGELK

Page 6 of the Annual Report mentions that changes have been made in how personal injury referrals will be passed to their solicitor panel from April meaning reduced cases but on better terms - still think acquiring or merging with a law firm is the answer and will be interested to see what the BOD come up with. It is a part of their revenue but obviously needs to be protected... this obviously is good news..

Yes did some research and it is there in black and white on the postonline website. Drive Assist gone into administration as substantial debtor discrepancies (rumour) are found and Esure has move a number of cases to Helphire as the insurer used both credit hire firms. If HHR can retain this additional business going forward it might boost revenue..wonder if any of Drive Assist insurers also used Helphire as a partner and may move the business across?

Were did you get this news from please? Postonline? If true this is an excellent development because I was worried that QPP and Enterprice would grab the business. Even if Helphire gets just 10% of the revenue that Drive Assist had before admin - this is equal to £ 11 million p.a. A very positive development and the share price might just have been given some more momentum...

Yes discount to NAV (which increased!) is outrageous imo. A couple of contract wins and/or director buys should get this discount down. Share price s/b 20p imo

AGM statement - fairly positive imo. So in today at 0.53p

Good results. Good reaction!

I doubt it - probably not much free float and so it only took some decent buying volume to shift it - still the share price looks oversold so await developments

I think "are you for real" needs explaining. There are pently of private investors who are very active buying and selling numberous holdings each week. As I said, do not intend to be this active going forward but I was overexposed to one share and had to reduce down and invest elsewhere. TBH there are simply too many shares on the AIM which are at 52 weeks low and offer pently of upsides. I doubt I will be adding many more shares to my portfolio but PAA might be one...I presume you only have a couple of shares then?

Yep you must have read the advfn sty thread - lets just say selling down some of my 7 million HHR holding has meant a very active 1/2 weeks increasing my portfolio to circ 20 shares. What about you?

Think it might be time to take a position here..

Sorry Dan, I am not following you. What is happening on 13/2/13? You have been mentioned in a case?? BTW even if only 10% of Drive Assist revenue came to Helphire that will be more than an extra £ 10 million per year in revenue looking at the advfn link

Once this sinks in overnight, I wouldn't be surprised to see more PIs buying tomorrow and another tick up in the share price...sentiment definitely appears to be changing with Helphire at the moment....

Drive Assist were the 5th largest accident repair company in the UK (link on advfn) but made a £ 133 million loss last year due to goodwill writedowns and had a negative balance sheet. (sounds familar). They have 1,000 employees. Helphire is the 2nd largest credit hire company in the UK (behind the new competitor - Enterprise?) so as you say, this will only benefit them.....

Thanks for letting us all know. Very sad news for the employees just before Christmas - but obviously means it is still tough out there.

At the AGM it was mentioned that some older cases had been written off and/or settled so that debtor days should fall further. (probably a decision from the "new" CEO). Most new cases are now being settled within 90 days. I top sliced a few more today as share price is moving up and down so much atm there still might be an opportunity to buy in lower and also to reduce my excessive exposure. A 7p target seems reasonable and I reckon there's a good chance of this within 2 years - presuming continued recovery. GLA

Well as far as I am concerned, we are all Earthlings. Personally I am an quarter Irish, Welsh, Scottish and English!

And in Klingon?

Yes don't remind me of AEA lol. Worse investment I have ever made. However I am going though a purple patch at the moment with the top 3 risers all being shares I hold. Its getting an eye out for sp movements and RNSs. For example ahg just issued a rns so just got in there. Pently of opportunities out there atm and will hold here and await developments! GLA

No RNS actually issued yet and company has cash to go into 2014. Maybe there has been an offer or the directors think this is the only option to realise value. Probable "share price movement " RNS coming!

Not sure but share price suddenly shot up and talk on advfn of company putting itself up for sale. Worth a small punt imo so got 100k at 0.98p