By Jessica Fino
Date: Wednesday 15 Jul 2015
LONDON (ShareCast) - (ShareCast News) - NAHL Group, a consumer marketing business, said it continued to trade well during the first half of the year driven by its personal injury business.
The National Accident Helpline performed in line with expectations and its recent acquired conveyancing business Fitzalan Partners contributed well and is "ahead of plan", the company said.
Chief executive Russell Atikinson said: "The personal injury market continues to evolve and consolidate, creating opportunities to gain market share and evaluate our options to further develop long term relationships with our panel of law firms.
"We are investing in people, brand and infrastructure and are confident that we will see an increasing contribution from the conveyancing business."
As a result, NAHL remains confident with the outlook for 2015, with full-year results due in September.
Investec analysts raised their profit forecasts following the "extremely encouraging" trading update. The broker retained the 'buy' recommendation and raised the previous target price of 350p to 375p.
Shares were up 1.64% to 329.3p on Wednesday at 10:11.
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Currency | UK Pounds |
Share Price | 74.50p |
Change Today | -0.50p |
% Change | -0.67 % |
52 Week High | 76.75p |
52 Week Low | 39.00p |
Volume | 19,909 |
Shares Issued | 46.91m |
Market Cap | £34.95m |
RiskGrade | 198 |
Value |
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Latest | Previous | |
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Interim | Final | |
Ex-Div | 26-Sep-19 | 25-Apr-19 |
Paid | 31-Oct-19 | 31-May-19 |
Amount | 2.60p | 5.70p |
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