Market's view on Nahl Group
Published on April 2024
- Bush & Co, part of the NAHL Group, reported substantial growth with revenues up by 11% to approximately GBP14.6m and operating profits up by 29% to approximately GBP4.4m. This strong performance suggests that Bush & Co could be undervalued at the rumoured sale price of GBP40m.
- NAHL Group’s consumer legal services, including National Accident Helpline and National Accident Law, are showing positive trends with a significant increase in claims settled and new enquiries, indicating potential for substantial future growth.
- There are rumours about NAHL Group considering the sale of its critical care business, potentially to a private equity firm, with a speculated price up to GBP40m, which matches the valuation of its largest shareholder’s buyout unit.
- There is speculation of a possible takeover bid for NAHL Group, considering the delay in financial results and the short-term extension of their debt facility. This speculation is fuelled by recent activities and strategic moves within the company.
- A stock watcher highlighted potential undervaluation of NAHL stock at 72p, suggesting it could be worth double considering the current financials and market position.
- The discussion includes a broader market context where there are expectations of continued profitability and growth for NAHL Group, especially with a focus on high-margin business sectors within the company.