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Helphire

March 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HHR
  • Price:
  • 6.65p
Together with interims this month Helphire has announced the acquisition of New Law Legal, a legal practice operating primarily in road traffic personal injury and other consumer legal services. Post the implementation of the LAPSO Act in 2013, there is a ban on the payment of referral fees in personal injury cases but Helphire, like QPP, is getting round it by carrying out the work via a subsidiary hence the reason for the deal. Such personal injury claims total £3,000 each on average and generate a gross margin of 25% which is also better than that for credit hire. Helphire is paying £24.5m for New Law with £10.5m based on future performance. New Law made a pretax profit of £7m on £29.4m sales last year against Helphire's ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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