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So why the drop?
I believe you are correct
5% Drop? Ex divi tomorrow isn't it. Have I go my dates wrong
Ignor, wrong bb.
Sorry
AV. seems to have high hopes of ULTRA ELECTRONICS HOLDINGS PLC (ULE)
I guess the rise in oil prices will reduce mileage driven by customers. Reduced mileage will mean reduced accidents and claims. Just a thought. DYOR GLA
Paul,
I think it needs to be placed in context against pay levels and bonus payments.
So I'm not "that" impressed, although it better than nothing.
A couple of buys from insiders is a good omen.
I listened to the call last night. So whilst most was ok there were a few cons :-
I wasn't aware of the sold division - bumping dividends which appears to be over a couple of years.
I wasn't aware of the Covid positives - this will fall away as normality resumes.
I wasnt aware of the USA Divisions - currently acting as an anchor.
DYOR and all that but mine was more of an opportunistic buy "on a dip" quickly done and into something new with some cash needing a home and only a smallish amount. If only my crystal ball was a bit clearer! Whilst markets have been hit hard by current events in Ukraine, top ups just drop under water too. It hard to see your bargain fall by over 10% in a short time and wonder if the bigger bargain might just get even bigger again.
Currently mulling a third batch.......... wot could go wrong?
I agree. Inflation will impact all stocks to a degree, but most people need insurance, and premiums are likley to increase along with its peers.
that ADM reinsures about threequarters of its insurance exposure via, predominantly, Munich Re - this makes the company very stable compared to other insurers. As for inflation concerns - well that will affect everybody in the insurance business and it is always possible to raise premiums - which I expect to happen across all companies so nothing out of the ordinary there. On a more positive note do not see this company in particular or sector more generally exposed to Russian sanctions etc. Overall ADM a well-run company.
squadraazzura I would disagree to an extent. One of the issues that is having a big impact on Insurers is the dramatic increase in the value in the second hand car market. Insurers are having to pay out more when vehicles are written off or stolen. Also sourcing parts is taking longer than usual which increases hire/courtesy car charges which insurers foot the bill for.
ADM is also insensitive to any inflation negative effect as there is no material purchase for the business at all; while retailers, industrials, oil/gas explorers and food producers would suffer from increase in cost of energy and raw materials. Insurance has no exposure to inflation.
I would add one thing: In times of peace and war, who does not need insurance ? ADM is not only one of the best yielder on offer, but also the most defensive during hard times. This is the type of strong defensive stock offering a steady stream of passive income to have in any balanced portfolio.
Gerry557
dividenddata.co.uk quote divis with and without specials
I'm probably the last person to learn this but,
the international operation swung to a £11.6m loss from an £8.8m profit a year earlier.
Like someone else said, they're worth hanging onto nevertheless and will come good long term.
I have held Admiral since 2013 and my holding has a book cost of £14 per share. They have always paid a special dividend and the dividend has always risen and the yield has always been 6% or more until last year when the sp shot up to £35. The return of capital has boosted recent dividends but do not be fooled into thinking that the special dividends will dry up. I fully expect them to continue and I have taken the opportunity to add to my holding at £25.29. I consider it to be a bargain price.
A trailing divi yield is not much use, its looking forward that matters. I tried to strip out specials to find the underlying amount and then any special is a bonus.
I also think it more muddled as it includes what appears to be a return of capital from a sale, and it looks like the last part of three. So it should start to settle down dividend wise. Not sure about the SP current events wont help.
I had a quick look this morning and thought it was ok. Not had chance to listen to the call yet to see what they thought.
Not sure why it fell so much. Anyway I tried to catch the falling knife and added some more, which looks like its gone underwater already too.
They have always paid a "special". It's 99% a given each year.
Share price not a concern for me as will be holding for 15-20 years minimum.
@moneybox007
Div was 187p excluding specials.
P65 of results says 65% of profit each half-year, but then expect normal + special to be 90-95% of earnings.
So you are expecting future special divs to match 2021 even though it was due to one-off events ?
Div over 7% using 187 & current SP ~2600
Sadly, todays drop likely to exceed next years div.
Better than leaving money sleeping in a building society.
279p paid out Oct '21 - June '22 so over 10% trailing 12 month dividend.
My biggest holding just got bigger.
With a final dividend of 118p, the market is stunned. Recovery at the end of play then from next week.
Sometimes the market is irrational. Topped up a few times too. Not to miss such opportunity. Plenty of positives despite past pandemic.
hTTps://www.insidermedia.com/news/wales/uk-motor-insurance-division-drives-strong-year-at-admiral