Curiously this time in my long term Income portfolio ... the sustainability of a 10%+ dividend on the evidence of continuing eps of 20p+ and free cash flow while the business model is restructured ... and a chance of a twang back to 250p if the new strategy is shown to succeed in the next 18 months.
A bit of a gamble but so is everything at the moment, we might see the sp plunge when it goes ex-div on 26 Apr, but I don't think this is a trap like other stocks which tempt you in with extraordinary dividends only to collapse.
a small stake at 132p, seems such a good bargain, a splendid dividend on the way and a p/e which does not reflect the resilience or the potential of the business. Not sure we have hit the bottom but we can't be far off, doesn't really matter, the medium term outloook is to double up from here.
A lot of companies float on AIM with a generous dividend policy to get the floatation away and then settle on something more reasonable. 2x cover is ok. At the moment I would say this is underrated giving still a high yield and low PE at current price. Should really be in the 200-250p range
those results were as good as could be hoped for. The short term outlook is not exciting but the business has been upfront in saying it would take a couple of years to turn things positive again. Treading water at this eps is obviously not good enough for some.
The p/e and dividend look very attractive to me at this cheap price.
My new dealing account at AJB has a pretty wide spread and won't give me an online quote to replenish my NAH holding, a lack of liquidity rather than the platform at fault maybe. So it looks like I have missed the boat here. Instead I have traded a cycle with P500 for a quick 10% gain and switched now to ALFA hoping to ride a recovery on its sp.
I share your reluctance to buy back in immediately, if it can plummet 15p for no reason yesterday then it can do so again tomorrow or next week. As soon as I can log in to II again I will be moving cash across to my new Dealing account with AJ Bell, and NAH will be top of my list.
My broker was still asleep at around 8:25 this morning when the sp suddenly snapped down from 191p through 175p. I wonder why, nothing especially going on with NAH just the market continuing to wobble, no massive trades.
Someone took advantage.
Nice gain but still a shame, was looking forward to the divis. Top of my list for a re-buy.
"2017 was a strong year for the UK's army of smaller quoted companies. With a 24.6% return, the Alternative Investment Market (AIM) outpaced all the main London indices. But for investors considering buying into this small-cap world, it's ..."
The trading update on Weds was positive about the business, reporting increased activity following the relaunch of NAH tv advertising. The extra good news that eps is expected to be ahead of expectations due to things like good financial management, the release of a provision etc
My take is that the dividend will still be trimmed but not as hard as previously feared. A final of 10.6p if the cut is in line with how the last interim was trimmed ... so annual yield of 8.5% and p/e around 8 while the sp sticks on 184.
The update has not translated into sp movement, like all the good news was already anticipated? Surely not.
Actual financials for 2017 and divi announcement due 20 Mar.
Another chunky increase on an already big stake taken by Independent IT, quite a vote of confidence in the prospects for NAH.
IIT have only recently shown up on my radar, a Baillie Gifford umbrella-mate for smaller cos mostly UK but unhelpfully classed as Global equity .... which has had a spectacular growth in 2017, NAV up nearly 50% thanks to the likes of FeverTree. All for a miserly 0.34% annual charge.
So impressed with IIT might take a chunk in my longer term SIPP alongside SMT as an alternative to SLS ... not a lightly taken decision since I am a Nimmo fan.
Makes me even more confident NAH is heading for a great recovery in 2018 and worth a double up on this news.
longshot - the Bartholomew article and tip was back in 15 Mar 2015 when the SP was mid 260s. In the same article he wrote:
'Globo is an exciting company thats growing fast. Among other things, it enables people to use their own mobile phones for company business in a secure way. Employers get to save money by not buying hundreds of mobile phones for staff.'
One of the biggest cons on AIM, ever.
Those points aside NAHL is a very interesting play - and way below what it could and should be with far more upside than downside potential. I believe consolidation is expected in the sector it operates in - there may be an acquisition soon, or on the multiples it sits on just now it could be a target itself. That said the volumes of late don't indicate anything is about to happen - so maybe the governance there is strong.
With you. Good to have a winner when this week has been a gloomy one. I have a habit of selling up too soon, but I might let this ride a while longer - still like to know why it is gaining! Did they win a big case? These days you expect to see a prompt announcement.
NAH is still an excellent dividend prospect, maybe another 10p next May, and deserves a sp 200p+. We know we have a couple of turnaround years ahead, but these shares have been way oversold. If other investors start to agree then more days like today ...
No RNS to shed any light on the rise. I'm in quite heavily here, and averaged down back in June so this is pleasing to see that I'm out of the red and well into the green now. I followed James Bartholemew's advice in The Telegraph. Also can't see that personal injury is going to go away completely despite the planned reforms and they're reshaping their business anyway - short term pain for long term gains. I've made plenty of bad decisions with shares but I'm a holder on this one as I think the recovery will have legs. And a decent divi too.
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