London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
as more people may be reading the rns may be seeing more buyers coming in , some sellers cleared then more nice sized buys ,as more read the rns here tonight and future days may see more buyers , I had been buying shares in pel after share price drop there , hed planned to buy more today now may buy adm ,, have read this rns again the more io read it and research this share the more interested I become ,while some may have decided to sell and others may be thinking of taking profit I thinking of buying ,each to make their own investing decision
nice to see results , nice to see how profits moving ,also nice to read of employee share scheme ,
Admiral: rainy day savings: Admiral, the U.K. auto insurer, like most, provides for heavy weather. It surprised the market on Wednesday with some sunshine. It clawed back loss reserves from previous years, beating expectations for profits. Customer numbers were beaten, too. The shares rallied 5%. In its favour, Admiral has a low cost base. This is measured by comparing insurance claim losses and expenses to the premiums received. This “combined ratio” has fallen to a very low 73% at Admiral, far below UBS’s estimate for the U.K. industry of 105%. A reading above 100 denotes underwriting losses. While the insurer flattered this ratio with reserve releases, it still shows the company is making strong profits in an intensely competitive market. To stay ahead, Admiral also earns revenue by selling services — such as legal cover — alongside insurance. Such extras equate to 39% of the profit from the U.K. auto insurance division. Rivals, such as esure, have similar business models, so the extras could diminish in importance.
Roughly five blue chips made headway, including Hikma. Admiral (AFM), up 3.07% to 1511p, led on a 1% hike in H1 pretax profit to £186.1m, with improved dividend and customers. Imperial Tobacco Group (IMT) wheezed up 0.02% to 3240.5p as it reported continued progress on its strategic objectives and is on track for the FY.
Be interesting to see if this starts to affect Admiral. One thing Zurich have never cracked in the UK is the direct market, so this (or esure) might make sense!
British car insurance premiums jumped by more than 5 percent in the second quarter compared with the previous three months, and a rise in insurance tax is likely to add to price increases, recovery service the AA (AAAA.L) said on Tuesday. The average quote for an annual comprehensive car insurance policy was 549.46 pounds ($854.74) in the second quarter, the AA said in a statement, a rise of 5.2 percent over the first quarter and 5.5 percent over a year earlier. FTSE-100 firms such as Aviva (AV.L), Direct Line (DLGD.L) and RSA (RSA.L) operate in the highly competitive car insurance market.
Avoid Admiral until its growth path is clearer: Ahead of the insurance sector’s interim results next month, Questor takes a look at Admiral, one of the more colourful firms in the car insurance market. When Admiral sets out its half-year earnings on August 19, it could be the last time that Henry Engelhardt presents the figures. The American who helped to found the firm is due to leave before next May, ending 25 years in charge. Admiral was among the first car insurers to raise prices in late 2014. Several years of fierce price cuts since a Government clampdown on dubious claims are now giving way to new forms of claims inflation. The car hire firm Uber recently chose to underwrite its own drivers, according to UBS analysts who said this was the sort of nasty shock facing insurers that do not adapt to new technology. Meanwhile, up to half of all cars will be autonomous in some way by 2025, Deloitte has predicted, making them safer but shifting the risk from motorists to manufacturers. Admiral set up Confused.com in 2002, and while the site’s revenues of £81 million and profits of £16 million last year are a drop in ocean, the firm has made its mark online. The trick now is to keep up. Admiral is one of the most generous dividend payers in the FTSE 100, handing over 95% of its earnings per share last year. This payout is uncertain, with an expected profit dip, an unsustainable release of reserves in recent results and a surprise £200 million bond issue last year. Questor would sit on the sidelines until the firm’s trajectory is clearer.
Motor insurance premiums on the rise, according to Confused survey Comprehensive car insurance premiums have started to rise during the second quarter of 2015, with motorists now paying £21 more than they were this time last year, according to the latest Confused Car Insurance Price Index in association with Towers Watson.
Admiral seals connected car agreement with Redtail Telematics: Admiral has struck a connected car agreement that will allow the motor insurer to generate video footage of a crash using Google Earth within minutes of the accident occurring — even though no camera was present.
The admirable Engelhardt to leave Admiral with grown-up issues: Henry Engelhardt, co-Founder and driving force behind insurer Admiral Group for 24 years, is to step down in a year. His monument is a FTSE 100 company that shook up the staid motor insurance market, but which is now struggling with the challenges maturity brings. Admiral has maximised returns by basing itself in south Wales, selling on chunks of risk at good prices to reinsurers and reaping large returns from “ancillaries”, including, in the past, referral fees from personal injury lawyers. The company prospered by selling cover to younger drivers who could not obtain it affordably from incumbents. The total shareholder return since the initial public offering has exceeded 800%. However, the stock has never recovered the heights reached in the summer of 2011. It has been held back by Admiral’s scale, underwriting overcapacity and reforms to curb the merry-go-round of referral fees. Admiral has notably failed to make profits from most of its overseas ventures. These include the U.S. operation run by Kevin Chidwick, a former Finance Director once tipped to replace Mr Engelhardt. Instead, Chief operating officer David Stevens will get the job. Mr Englehardt, 57, says he is stepping down to give younger colleagues a chance. But charity is required to describe Mr Stevens as one of these. He is 51, and may lack the radicalism needed to pull out of failed diversifications, particularly with his old Boss on hand as a part-timer.
Set up to keep rising.
Profits at insurer Admiral fall for first time in a decade: Elephant and Diamond insurer Admiral said its profits fell for the first time in a decade as it wrote fewer car policies in a “highly competitive” market.
Still looks pretty good to me!
The chairman of Serco has, this week, announced that he is standing down following the disaster which is that company's sp. The chairman of the privately-owned Towergate, where debt trades at 60p in the £, has today announced that it has appointed advisers to explore a sale, which given the cashflow and absence of growth difficulties, will likely be a buyers' market. No prizes for guessing that the chairman of these two organisations is also the chairman of ADM.
imo = a good time to be buying this.
They took a view sp will drop more than divi. And hopping Other market jitters will nock sp more, if nothing else is known to them. I wouldn't be surprised if they had shares (longs)to. Proz make money aether way, hedging .
Did you know Hedge fund Odey (no stranger to Admiral) have increased their short position again on the 5th September to the highest they've ever shorted Admiral to 1.2%? - which is significant. and shows serious intent. You can see in the chart a few days before their position is declared by the FCA the SP dropping as the acquired short shares were sold into the market. ACR 's position is still open from 25th July at 0.5% making a total short on Admiral of 1.7% What do they know?
Hmm 60p down today because of Ex-Dividend date. As I suspected - that's greater than the actual dividend. It might drop further to the 12th Sept (Recording date) - or not :) Whatever, looks like some may have been buying in since the 3rd Sept for the dividend as it rose sharply from that date - until today ex-divi day. Straight after this Fri close of the 12th it's in to the coundown to the referendum , so it's hit and miss if the SP will fully recover after ex-dividend date due to polls favouring the Yes vote. Then there's the outcome after the 18th. If it's a Yes vote, will all shares suffer (as was thought of Monday's fall)? 9 out of 10 of the individual markets on the LSEchcange today - are down - that'll be Scotland ahain, no doubt. Add to that the charts are not looking favourable towards the share plus interim lacklustre results, it's possible the SP could drift lower over the next fortnight. So, more downside risk than upside means I'll sit this one out and see which way the wind's blowing after the 18th.
Forgot to mention, divi adjustment for leverage trading will take place on Wednesday morning whilst share holders will have to wait for record date to get divi.This will affect speed and direction of sp movement .One more thing to consider in forming a view about immediate (ex and poss ex divi date) sp and possible dynamics of it.
Sp price will be adjusted (reduced) by same amount as divi on opening Wednesday morning (from Tuesday closing price). Adjustment of the opening sp on Wednesday will take 1 second, but ''market forces ''will take sp afterwards. Question is what will be sp price on close of business Tuesday. If you think this sp is ok to invest in adm, than divi is good bonus. If you are hoping to pop in on Monday or Tuesday afternoon for a quick divi gain and no pain you might not get lucky, but than again you might. If you are going for any leverage trading multiply divi x position and that is what will be taken or added to your cash position on Wednesday morning. If you are going short and sp does not stay 50p below Tuesday close sp you will be waked twice. IMO this is good sp and should hold at least. Not an advise to take any particular position but personal opinion. Gla
Yes ditto same here - for that divi on the 10th. What's not factored in though is by how much does ADM traditionally fall during ex-dividend period, because this time round it could prove more laborious to climb back from. That's what I'm debating right now. It's a nicely predictable share, but these winds of economic underperformancet... sometimes getting back from the ex-divi period price in conditions as ADM now find itself can take longer than traditional expectations. A fall to 1260's the other day, immediately followed back up to 1280's, less than a week before the ex-divi date period, and the SP is still in sub-MA area, suggesting it could linger a little longer at lower levels, means it's not so clear cut for me. Hmm. Decisions. Decisions.
I'm thinking of the same but maybe better off buying Monday holding for a 50p divi untill, and pretty sure it will, recover to levels above this. Doubt it'll go up by enough to make it a short term trade before divi on Wednesday. Sure, it should drop by 50p but reckon it'll recover well and fairly quick. That's my take on it.
What do you think will happen next week with dividends due. I'm not usually a hunter of dividends but its starting to tick up over the last couple of days and could be quite a spike by the middle of the week? Doesn't really affect underlying risk / opportunity with ADM (which I'm undecided on) but a little short term gain up for grabs for sure......
when a share drops 79 p then 41 p the next day understanding cycles is not what share holders want to hear. the market wont disappear but the share price certainly is