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Esure Group PLC with EPIC/TICKER LON:ESUR has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘OUTPERFORM’ this morning by analysts at Credit Suisse. Esure Group PLC are listed in the Financials sector within UK Main Market. Credit Suisse have set their target price at 240 GBX on its stock. This is indicating the analyst believes there is a potential upside of 15.9% from today’s opening price of 207 GBX. Over the last 30 and 90 trading days the company share price has increased 7 points and decreased 72 points respectively.
Toscafund started buying again, another 4 million. D.
I don't expect any news until new year. £1.85bn would be a fair price. The MOJ consultation in reducing the number and cost of low value personal injury claims will no doubt assist when implemented next year. If a hedge fund is thinking of making an offer they will want to do so before the final divi and before the £ recovers, assuming its US based.
Hi sufc555. Wouldn't argue with anything you say. I've always believed the hiving off of goco. was more to do with making esure a more streamlined business fit for takeover than anything else. Don't know the exact figures but esure's m/cap was reduced by over £300mill. When goco went, as far as I can work out total capital spend on goco during Esure's part and total ownership was under £150mill ? Has anyone got a different view on the figures. I can't help but see some relevance in Mr Woods holding on to his 128 million goco shares. Perhaps he'll need a new home when this is gone. Just thinking that's all. D.
Deliberately undervalued, this will company will be subject to a takeover before next dividend is paid by a US based hedge fund, the only question is the price, £4.50 would appear reasonable? Enjoy
Hi Cobalts I'm still convinced this has been undervalued before,during and after the de merger. Time will tell I suppose. D.
Wouldn't we all?!!!
Wouldn't we all?!!!
Wouldn't we all?!!!
I always thought the de merger was done in double quick time. There was rumour of take over earlier in the year. If there was any substance to that rumour you would think it certainly wasn't goco that was the prize any possible suitor was after. Worth hanging around here for a while to see what happens. Read somewhere before de merger chairman said he would sell up at 500p a share. " SO WOULD I " D.
With the Goco demerger the market cap is now below £800m, which makes it more digestible by a trade sale entity maybe?
Can't see how having Toscafund on "our side" can be a bad sign, let's hope Mr Hughes keeps accumulating. I've done a wee' bit of counting, this last tranche bought ( 5.1mill. ) can only have been acquired between 03/11/16. and 08/11/16. Four trading days. The total volume for these four days was (7.1 mill.) Meaning, on this shares approx. 60/40 buy to sells ratio they must have purchased just about every share available during the above trading days.. Think the man's in a hurry ??? D.
Toscafund now holds 15.38% of this. Let's hope he has picked another winner here!
Lets see if anyone fancies either company. MM''s will have there fun initially but I assume if there is sustained buying in either company they will have to let the share price go. We will see. D.
stand alone target.see who buys in big today.
One goco share allocated per one esur share. Judging by esure opening price around 190p that would make a goco share worth around 75p approx. Goco market value will be around 300mill which is roughly in line with what esure said on announcing the de merger. Who knows where will go from here " up I hope " Goco share should be in our account and able to trade later on in the day. D.
One for One according to my broker. So we are about 10p per share up at the moment.
Has anyone any idea of how many shares in goco are allocated for each share in esur ? Im a shareholder and haven't had anything from my broker !
All bets that they will add here.
now got to be a take over target.
Interesting, he has more than doubled his investment in recent weeks.
He's now increased the holding to 12.4%. I wonder what he knows?
Market Cap is £1,228m, so 10% is around £130m, not £65m.
The hedge fund boss dubbed The Rottweiler has doubled his stake in insurer Esure just weeks before its Go Compare arm is split off. Martin Hughes, who runs Toscafund, is now one of Esure's biggest shareholders, with a 10 per cent stake worth £65million. It is not known what Toscafund's intentions are with Esure, whose shares have lifted 24 per cent in the past year, but the firm and Hughes have built reputations for pushing for change at the businesses they invest in. Mail money
Esure Group PLC 18.6% Potential Upside Indicated by JP Morgan Cazenove Esure Group PLC with EPIC/TICKER LON:ESUR has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Esure Group PLC are listed in the Financials sector within UK Main Market. JP Morgan Cazenove