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Only bought in recently so am about nil loss and nil gain. Interesting that the MMs will take my 20k shares with little to no discount to price. Makes me think that without sustained buying or news we will be bump around this price as they scoop up shares from the weak or bored…
I work in this industry, not at Hiscox. Some of the price rises going through the book across the London market are very high. Basically the market works by you make bumper profits for 2-3 years and then live off them (through reserve release) for the next 5-10. As long as the hurricane season is kind then insurers should do very well this year. Hiscox has the advantage of being diversified that Lancashire and Beasley don’t. Lancashire in particular is like a box of fireworks - either nothing happens and they make a big profit or their book is toast. Have to admit I am baffled by the price fall here as the market has never been so good for a long time.
Too many shares in AIM! My point holds. If people genuinely believe that the first the parties will hear is when the public do they are naive in the extreme. Think of how prices move on all markets before news. “Buy on rumour” - it’s often not rumour. Just saying there is another lens this info could be looked at with. If you don’t want to that’s fine - just wanted to put out a view
This is AIM. Not saying it’s the BoD culpable at all - it can leak from any of the parties. Have you noticed price rises and falls before company RNS in AIM. Coincidence? Of course not. Second it wouldn’t actually contradict the RNS - the verdict isn’t known by the company / hasn’t been announced. Third in this sort of situation the verdict will get out - guaranteed.
Came on board here recently and wanted to add a thought. For these sort of cases the written verdict is released by the Judge to the legal teams for proof-reading a day or so in advance. They can’t petition that the verdict is wrong or submit new evidence. It is error correction only. Now of course it should stay 100% confidential but let’s suppose it hadn’t stayed 100% confidential.....
Any thoughts on the price drop today?
I can’t see this share on the HL platform? Is it because it’s new to market?
Almost as telling when you watch the full version of the clip is the facial expressions of the guys top left and bottom right at 31 minutes. Bottom right in particular who is barely containing a smile all the time David is talking.....