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Very very ADMIRABLE results and share price racing ahead.
Very pleasing results this morning reflected in the SP.
Key thing is the managed to grow profitability, total customers and return on equity in the very worst part of the cycle, the cycle has now turned and Admiral are ahead of the market having raised prices first. Very, very good place to be looking forwards
Correction, 1973, not 1910, for likely sp, trough.
Bear rally today into overhead supply relating to a higher price bottom, so expect rally to be overcome, and resume fall, to about 1910. Largely sideways pattern since sp, broke above major down trendline from 2021. Last peak somewhat higher than previous congestion, however , expect bottom about 1910, before uptrend can resume . RSI, is below 50, which provides confidence that sp, has not yet found its expected trough.
Down 116p
What's not to like?
Hmm. Well someone pulled the plug at COB before the weekend.
- Premiums up very significantly
- Inflation (finally) coming down
- Those two things together should mean greatly improved margins
- Higher interest rates means much higher interest earned on the group’s substantial ’float’ which should boost profits too
- A bit of momentum, an excellent dividend and a quality FTSE 100 business. These shares were at £35+ not long ago and the cycle is clearly turning very favourable again
Well, one reason to go long on the UK insurance sector is that, following the thrashing they took a couple months back, all of them, in lock-step, have bumped their prems about 25% so nex qtr or so they might surprise on earnings. So a poor beleaguered Brit might get back a few pennies from his car insurance hike.
Cost push inflation for U.K. insurers over next few years terminal…..why would you bother with stock specific risk in dogshxt U.K. stocks when you can buy US treasuries 3 month T bills yielding 5.20pc risk free return. Even the brexit morons would understand that haha.
.... down again tomorrow because 23 is being kept the limit for some reason. ?
Sharepad who are usually 100% spot on have the f/c divi at 5.8& at a price of 2211 so well over 6% when you posted 3 weeks ago.
I’m sorry I know this has nothing to do with ADM but I’m trying to push as far as I can to raise funding for experimental treatment to hopefully save a friends life or at least extend it. https://www.gofundme.com/f/dendritic-cell-therapy-help-me-to-fight-cancer?viewupdates=1&rcid=r01-167904678216-9605b6bec4a911ed&utm_medium=email&utm_source=customer&utm_campaign=p_email%2B1137-update-supporters-v5bIf anyone knows anyone who might be willing to donate that would be very appreciated and outright kind . Follow the link above for detailsRegards,
So I have decided to use the following figures for my ongoing dividend level forecast on my spreadsheet.
(37.5+14.5 = 52p) so 78p on 2 thirds annual split. This includes some special which could be cut or increase depending on how trading performs. Stripping out the specials would leave just 56.25p
So buying now would yield around just over 4% (or 3% without the specials)
Anyone want to convince me I have it wrong and should change those figures
I have 1500 of these at an average of £24.7233, so it stings a bit, including the dividends reduces the pain a little.
I am not going to average down, simply because I don't want to go over weight on this stock, so for myself I'm just going to let it be.
I think (or perhaps just delusional) that eventually the SP will climb back up, but its going to take a while.
While I wait hopefully some level of dividend will be maintained, although there is little doubt it will be reduced from the levels I previously enjoyed.
Looks like I might have "lucked in" buying them in the wrong account and having to sell them, after Mr Markets wobble today.
Not sure the yield merits a repurchase just yet but I will reassess when the cash comes back
Meconopsis, 52p is the total divi from the finals. So what is the annual???
if 37.5p is the final, then with a two thirds split, its 56.25 plus any special. So only an annual divi around 2.8% plus any special
The shares that were last purchased have been sold for a small profit. Unfortunately they were purchased in the wrong account and this could not be corrected.
Normally they would be kept longer term for dividends but now I have become a trader, well this week.
Paul , alls good, don't take it in negative way at all, all the best with your investments.....
@Gerry557 - not sure on the confusion, but 52p if you’re working out your yield.
It’s worth noting that the yield published by financial providers usually excludes special dividends - so they will tend to use the 37.5p number. This is because special dividends are usually used for on-off distributions of capital back to shareholders - such as when a company disposed of a business unit and has no use for the capital. Admiral, and some other companies, seem to use the approach of having a lower normal dividend that they aim to grow with a special to return annual excess capital.
"The Board has proposed a final dividend of 52.0 pence per share (2021: 72.0 pence per share, plus 46.0 pence per share special dividend from the sale of Penguin Portals) representing a normal dividend (65% of post-tax profits) of 37.5 pence per share and a special dividend of 14.5 pence per share."I just wanted a simple figure to put in my spreadsheet that would give me a useful yield figure.
Roofer61
My post was in response to your post, but it wasn't intended to be aimed at your credibility, or any kind of slur.
I just don't trust the press to tell whe whole story, they just like headlines to improve circulation/read hits.
Thanks for your response and hope you didn't take my post the wrong way, which having read it again, it you could have through no fault of your own.
ATB
Paul...after reading the article just a thought crossed my mind that's where the 27% reduction in dividend payment went , probably jumped the gun ..atb
Dive centre check his posting history either has grudge against ftse stocks or a shorter gla holders regards jack
Porscha1946
You sound like you hold a grudge.
Admiral have served me well over the years and I'm £500 up on my purchase this morning.
Roofer61
Typical press half trues.
It is UP TO £3600 of free shares, I suspect the majority of employees don't see near that.