NAHL Group (NAH)

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Media

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109.50p
   
  • Change Today:
      0.75p
  • 52 Week High: 126.50
  • 52 Week Low: 76.00
  • Currency: UK Pounds
  • Shares Issued: 46.18m
  • Volume: 26,693
  • Market Cap: 50.57m
  • RiskGrade: 178
  • Beta: 0.00

NAHL Group's profits dive amid 'significant transition'

By Duncan Ferris

Date: Tuesday 19 Mar 2019

LONDON (ShareCast) - (Sharecast News) - The National Accident Helpline on Tuesday recorded a drop in annual profit, revenue and dividend as the outfit progresses with plans to deal with regulatory pressures.
The AIM traded company's 2018 profit before tax came in at £9.8m, down by 21% compared to the year before, as revenue decreased by 6% to £49.0m due to an ongoing decline in Panel Law Firm demand as a result of the forthcoming regulatory changes.

Meanwhile, NAHL proposed a final dividend of 5.7p per share, resulting in a total dividend of 8.9p, which constitutes a 44% decrease on 2017's dividend.

The Civil Liabilities Bill, which was passed on 20 December and is expected to be implemented by 2020, will increase the small claims limit to £5,000 for road traffic accident claims and £2,000 for all other types of personal injury claims, while also reducing compensation available to victims of whiplash injuries.

A statement from the company said that heightened competitor activity also depressed enquiry volumes in November and December and a significant Google algorithm change increased consumer acquisition cost.

As such, the company said it is midway through a "significant transition" but chair Caroline Brown said it is "obvious" to her that the firm has a "realistic and achievable strategic plan in place".

Having gained a licence from the Solicitors Regulation Authority in 2018, April will see the opening of NAHL Group's wholly-owned law firm, National Accident Law, a key component of this new strategy.

Russell Atkinson, chief executive of NAHL, said: "We are excited about the potential for our wholly owned law firm, National Accident Law, which was granted a licence by the Solicitors Regulation Authority and is scheduled to launch in April 2019. This will give us a full economic interest in the success of a whole claim, bringing a state of the art, consumer-focused, technologically enabled volume processing capability as we aim to become the UK's leading volume Pl processer."

Meanwhile the Critical Care division achieved double-digit profit growth on the back of increased market share, while the Residential Property business continued to trade profitably as a new management team launches strategic initiatives designed to return the business to growth in 2019.

"After an extended period of uncertainty, the regulatory landscape in personal injury is finally becoming clearer. There are still details outstanding surrounding implementation that will help to validate the assumptions on our post reform small claims model and core technology platform but we expect clarity during 2019, giving us better visibility for 2020 and beyond," said Atkinson.

NAHL Group's shares were up 15.21% at 103.00p at 1129 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

NAHL Group Market Data

Currency UK Pounds
Share Price 109.50p
Change Today 0.75p
% Change 0.69 %
52 Week High 126.50
52 Week Low 76.00
Volume 26,693
Shares Issued 46.18m
Market Cap 50.57m
Beta 0.00
RiskGrade 178

NAHL Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.43% above the market average98.43% above the market average98.43% above the market average98.43% above the market average98.43% above the market average
97.10% above the sector average97.10% above the sector average97.10% above the sector average97.10% above the sector average97.10% above the sector average
Price Trend
28.4% below the market average28.4% below the market average28.4% below the market average28.4% below the market average28.4% below the market average
8.57% below the sector average8.57% below the sector average8.57% below the sector average8.57% below the sector average8.57% below the sector average
Income
96.11% above the market average96.11% above the market average96.11% above the market average96.11% above the market average96.11% above the market average
94.29% above the sector average94.29% above the sector average94.29% above the sector average94.29% above the sector average94.29% above the sector average
Growth
96.08% below the market average96.08% below the market average96.08% below the market average96.08% below the market average96.08% below the market average
93.85% below the sector average93.85% below the sector average93.85% below the sector average93.85% below the sector average93.85% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 0
Sell 0
Strong Sell 1
Total 1
strong_sell
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NAHL Group Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-19 27-Sep-18
Paid 31-May-19 31-Oct-18
Amount 5.70p 3.20p

Trades for 17-Jun-2019

Time Volume / Share Price
15:34 5,000 @ 109.00p
15:00 3,341 @ 109.08p
13:02 2,500 @ 110.00p
13:02 2,500 @ 110.00p
12:21 5,000 @ 109.80p

NAHL Group Key Personnel

CEO John Russell Atkinson
CFO James Saralis

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