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Insurance is so unloved at the moment, but ADM seems to be hit harder than some of its peers.
Happy to hold for the dividend while waiting for a little improvement in the SP.
Earnings are forecast to decline 5% (average of analysts exectations).
I can see that inflation will leave less money in people's pockets, they'll be looking to cut expenses, even mandatory like car insurance.
The SP left its long-term trajectory at start of covid as less going-out would mean fewer accidents and higher profits. Now the SP is back on the long-term uplift.
I'd have thought that higher fuel costs would discourage travel and lift margins? Why are earnings expected to decline?
Paul,
I'm still holding DLG, have collected a divi, and also now in profit again at current SP,
waiting to see if my exit target SP gets hit or not.
Sold LGEN last week to lock in profit and free up the funds, which have gone into ADM today.
I missed out on the recent low with PHNX, all my funds were tied up, which has now bounced back nicely.
ADM was due a big correction on the long term TA chart , which we've now seen more than enough of!
Time for it to catch up with DLG, LGEN, and PHNX again.
I'm like a used car trader!
I don't like to hold shares for too long, prefer to keep the stock churning over.
Goodluck with your holdings.
Sigma1
Nice average.
ADM is a permanent stock in my portfolio, but my average is way over yours.
I hold 1500 shares at an average including costs of £24.7233.
I aim to keep the overall average below £25 and add accordingly when funds permit.
Insurance (life and general) are two particularly unloved sectors at the moment so for me a good time to buy.
I also hold LGEN, DLG, AV, and PHNX.
I am too heavy in insurance I know, so will probably offload PHNX and DLG in the next few years as the SP picks up.
LGEN, AV and ADM are keepers unless something unforeseen changes.
Catching the knife!
Just doubled my holding at SP 2154.
Average now SP 2278.
Trade exit price lowered accordingly.
This morning has been a market down day, so added another 300 shares at £21.67503.
This looked too much of a bargain to miss as a long term holder.
I held Admiral Shares 2 years back and sold at a small profit and with a little dividend, just bought back in... such a low price at the moment and a high dividend. best find and buy of the year, I hope
Nice £100 000 director share purchase just popped through.
In case you missed it:
https://www.ukdividendstocks.com/blog/admiral-7-5-dividend-yield
Currently very undervalued, good value with DIV at £33.
I topped up a few more shares and will reinvest the div. Insurance is seemingly undervalued atm.
"You will not get the divi if you bought through a broker as your trade will not have settled."
Fortunately that all gets covered by the settlement dates and times. The dividend is often paid much later than the ex divi date so allows time for the last day adjustments to take place and you do get your dividend.
It seems insurance stocks in general are taking a hit at the moment, I'm sure it will even out eventually.
Bought in this morning at SP 2388 for a trade.
Possibly a little prematurely!
ADM SP has seen a circa -36% drop in SP from Aug 21 (SP 3700) to Today May 22 (SP 2388).
This has reset the SP back to the bottom of a long term (circa 10 year) rising channel.
Hopefully it will remain it that channel for the trade.
Check your charts and DYOR.
Well i added another 277 shares today @ £23.85. I hold stock already which get the divi, but these will help on the next one.
I think some folks might have missed the info regarding ex-divvy date - this is a sort of artificial construct. The Date that is important is the record date - if you are a registered shareholder on that date you get the Divvy.
Now to try keep things simple they publish an ex-divvy date - this is date that if you buy the shares before that date - the business days tick up to the record date.. so weekends are covered.
If you bought shares today on Star Wars day - you should get the dividend as the record day is 6th of may. If you sold shares today then on 6th of may you will be removed from share register - no dividend. If you sell shares tomorrow you will still be registered on 6th of may and get dividend,
The buyer and seller cannot be on the register at same time - only one dividend - what a scam if you could!
I bought through II (is that considered a broker) today and my settlement date shows as 6th of May..so I guess I will get the divvy?
Gerry, that is not correct. You will not get the divi if you bought through a broker as your trade will not have settled.
If you bought today, you get the divi.
I will open lower tomorrow morning by the divi amount
If you brought the ADR shares today, you would be entitled to the Dividend, as it would take 2 working days to settle the trade, which would be 6th, this date is also the record date, and therefore on the books you would have owned the shares and entitled to the dividend payment.
That is correct. You have to have them and not have sold regardless of settlement date to get divi.
This is an interesting point...would that mean also that if you sold the shares the day before it went ex-dividend, you would still get the dividend?
If you buy today you still would not have divi as buy would not be settled.
Maybe a little sell off after the DLG update?
Anyway, glad to say I took advantage at 2442p.
yes it is tomorrow. dip today allowing investors to get in at a nice price to bag it.
Thanks
Dlg rns