The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
When they say underlying profit will be well ahead of last year, I want to know what that means. Clearly insurance is on its knees and continues to perform badly, what’s the plan? Doesn’t look like the old fabled growth is returning at any point soon, so at what point does it become a distraction. If it was me, I’d be looking to sell the book in addition to offloading AICL. Stick with PMI, travel, pet and lifestyle type insurance. Motor and Home insurance just hurts the brand if you can’t supply competitive prices. And if it’s not making huge money there isn’t any trade off.
Overall not a horror show of an update, but when the MC and share price is where it is currently, how much more bad news can there be? The market movement yesterday suggests it’s not going to be taken badly, I really hope that’s the case. I reduced my previous £2 get out price so hopefully I’ll be able to get out at some point this year.
Knowing my luck we’ll be punished for the insurance performance but I hope not after the goodwill write off last time out.
A long long way to go……
Have to admit, I didn’t realise I’d need a letter of representation! I better call my broker! Attending won’t make any difference but I want to see their faces when they spout the next round of excuses for such a woeful performance. You’d think it would be embarrassing to take bonuses but clearly not
I’ve voted…..if you’re a long suffering shareholder, I’d urge you to vote too. Appreciate it will hardly make any difference but you never know, there may be some institutional investors that vote against some of the resolutions……they have previously. I’d love to see Euan booted out sooner rather than later, stealing a living