Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on NAHL GROUP PLC. We currently have 12 research reports from 2 professional analysts.
|18Jan17 07:00||RNS||Pre Close Trading Update|
|12Jan17 12:23||RNS||Holding(s) in Company|
|06Dec16 07:00||RNS||Director/PDMR Shareholding|
|01Dec16 11:51||RNS||Response to Government Consultation|
|17Nov16 08:20||RNS||Initial Response to Government Consultation|
|13Oct16 12:34||RNS||Response to media speculation|
|21Sep16 07:00||RNS||Interim Results|
Frequency of research reports
Research reports on
NAHL GROUP PLC
NAHL GROUP PLC
Response to Government consultation
02 Dec 16
In the 2015 Autumn Statement, the Government stated the intention to remove the right to general damages for minor soft tissue injury claims with compensation for injuries such as whiplash now being made in medical care rather than cash. In addition, the Government proposed to raise the small claims limit for personal injury cases from £1,000 to £5,000.
21 Sep 16
H116 earnings growth of 10.7% highlights the business tracking in line with our full year forecasts as the cost plus model minimises the expected downside from reduced Personal Injury case loads and growth at Critical Care mitigates its impact on group earnings. The shares now appear in recovery mode with scope for further upside given the modest rating under 9x and yield of 7.4%. Delivery of resilient earnings and the strong track record of the management team within evolving markets support our assessment that the upside opportunity strongly outweighs the downside risk.
Trading update – no change to forecasts
20 Jul 16
NAHL is trading in line with Arden’s forecast earnings growth of 10% in FY16 as the cost plus model minimises the downside from reduced Solicitor Income and growth at Critical Care mitigates its impact on group earnings. The shares have recently been hit by post Brexit sentiment on UK small caps and now trade on an FY16 rating of under 8x and yield of approaching 9%. Given resilient earnings and the strong track record of the management team within evolving markets, we firmly believe the upside opportunity outweighs the downside risk and reiterate our Buy stance at current levels.
N+1 Singer - Small-cap quantitative research - Momentum screen refresh + 10 focus stocks
12 Jan 17
We have refreshed our momentum style screen for the first time since inception on 26 July 2016. As before, the screen selects the 25 stocks exhibiting the most extreme momentum characteristics, according to our measurement method. From these we have selected 10 to focus on. Since inception the screen has underperformed both the main small-cap and micro-cap indices against a background of generally rising momentum. We have noted a subset of the basket, where decelerating momentum at the time of measurement appears correlated with significant share price falls since selection. We shall monitor this factor with the new screen, albeit there are only two such stocks showing this pattern, namely Lamprell (not rated) and Gear4music (not rated).
N+1 Singer - Morning Song 12-01-2017
12 Jan 17
As anticipated, the second half has again been stronger than H1 and results will be broadly in line with expectations. In line with this, the order book has continued to grow and is at record levels. This confirms that significant progress has been made in the Group’s shift towards its Technology Products division which, as targeted, contributed c.60% of group revenue in FY16. The small acquisition of Cable Power also gives a complementary boost to the product range. It is also worth noting the significant reduction in net debt, £1.0m ahead of our forecast. We remain supportive of the Group’s strategy and continue to see a bright future as this transition towards a design led technology solutions business continues. We look forward to more detail in March at the final results.
Conviction List Q1 2017
05 Jan 17
Since its inception in 2010, the Conviction List has outperformed the market in 11 of 19 periods and a reinvested Conviction List would have returned 260% against a Small Companies index that would have returned 194%. Our Conviction List returned 0.4% over the last quarter; this was set against the benchmark UK Small Companies index that returned 4.0% over the same period.
Share & share alike
11 Jan 17
Last week’s note ‘2016 AIM IPOs- Another discerning year’ *prompted further perusal of the AIM December 2016 Factsheet. With acknowledgement to BuzzFeed – we have set a simple quiz~. Which are the largest companies on AIM, which trade most and how much? It is a timely reminder that at the year end, focus remained on the FTSE 100 and larger companies, yet the prospects for smaller companies continue to be broadly positive. As the company trading statement season gets underway, the initial signs are encouraging. The tone of these updates will set the trend near term.
What a year it was!
16 Jan 17
2016 got off to a rocky start. Not long into January, after just a few trading days, global equity markets lost more than US$4tn of value due to investor sentiment towards China’s economic slowdown and depreciating currency. This was immediately followed by a slump in the oil price. By the third week of January, Brent Crude hit its year low at $27.10 a barrel causing an immediate sell off in the energy sector. Once the Q1 dust had settled, attention turned to the UK’s vote on whether to remain a member of the EU. The Brexit vote result proved to be a genuine shock for markets, with many investors having believed that the UK would stay within the European Union. Attention soon turned to the equally ill-tempered US Presidential elections and all the political and economic unknowns that Trump’s victory has spawned. As a result, AIM, has seen a roller-coaster of a year in 2016.
Small Cap Breakfast
11 Jan 17
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