Member Info for mark-expat

..well that was interesting , some late buying coming in , the low SP level has caught somebodies attention other than us mortals. I think the sector needs to shake off the doubt surrounding the potential write down on company bonds and capital strength. Prudential and Aviva produced good results and I think that until Standard Life report later this week , doubts will remain and drag on the sectors overal value. OML had a wild day going from c.10%+ to c.10%-. LGEN and PRU seeing a little profit take from recent gains from the lows , Standard Life still under the cosh until it can shake the rumours and Aviva having some good initial support.

I think that the Standard Life results due out Wed/Thurs are going to be closely looked at those holding or wishing to hold in the insurance sector. With the US bailout of AIG and the UK siting that some insurance companies capital could be seriously eroded with any exposure to the expected write down of Company Bonds, Standard Life's quaterly results will be interesting to say the least. They are well weighted on bank equities and these , as we all know , have been well and truely battered. Whilst LGEN and PRU are loosing recent gains, to see OML rise and fall intraday on such volumes and from c.+10% to c.-10% was not normal , even in todays trading environment. Friends Provident bouncing off its all time low and then surging to a 25%+ gain on close , again , not normal. Interesting days ahead.

IG Markets are , imo , second to none.

I'm still scratching my head

sorry , I miss the Mr President line and who it is meant to be directed at..

Hi Blue, I am floating around at the mo and tapping in at best from time to time with very poor connection at best. How are you doing? What a rise and fall OML today... real roller coaster stuff.

way ahead of myself , you are quite correct , http://www.dividendinvestor.co.uk/?symbol=oml&submit=GO I am not based from home at the mo with nothing to hand and a slow boat connection at best and woke up thinking it was this week .... well pointed out , OML looking for a nice double digit rise today.

http://www.digitallook.com/news/sharecast/2420579-14121/OML-Broker_snap_Brokers_positive_on_insurers.html Aviva posted a good update today and brokers have viewed the sector oversold , even those with question marks. Aviva have recovered well from their lows and if the DOW starts to now break its loosing streak , such momentum will signal buy ins and those companies with good dividend yields and a strong cash book will be looked at first. OML has a double digit dividend yield and is going ex-div paying an interim c.5% if you hold tonight. If the DOW closes in positive territory tonight , it is unlikely that OML will falter and even if it does , imo , I am pleased that the major brokers now agree with me , lol , and see the likes of this sector recovering quicker than any other should the bottom in general have now been deemed found and recovery start to be in play.

my exposure to FP is lower than some of my other insurers that I am picking up , primarily as they are being sighted alongside Standard Life as being lower capitalised than other insurers and the rumour mill doing the rounds is that the government could step in on some insurers to re-capitalise. But , as far as I am concerned , worthy to start dipping into to the sector and as long as you have the stomach and cash to hold on any further dips , should be a good recovery and dividend in play mid term. I do like OML at the moment , lots of bad press , but not a huge amount of movement in the SP when the FTSE plunged - 8% compared to some others in the sector. Going ex-div on Wednesday so could be a play on Tuesday if the FTSE decides it wants to drop another 200 points +. , just my opinion.

maybe they will be 100 , I'm picking these little gems up on trickle buys on lows just as as I heard that they are a girls best friend , that and their position remains strong now and going forward.

whilst all stocks can be bashed some more , there are some good yielding insurance companies coming into play. I have picked up more FP. today , also OML and LGEN . If they fall off some more , I will simply buy some more as the ftse 100 insures are , imo , at levels that will not be seen again until the next sell off , lol. There are many funds that are being forced to sell on margin calls and remember , only 1 in 10 UK shares issued are stated as being held in private hands , when the hedge funds are forced to sell , time to dig in and start to buy..

I agree with you with regard to everything seemingly being undervalued , I guess the problem with such is whether or not stocks are generally being re-valued and that maybe their current undervalued price is in fact a new all time high! I am tending to buy in on stocks that are producing good profits , have a good dividend yield , are placed in a market of necessity and still required in a downturn , well underpinned financially that will not put into jeopardy payment of dividends and buying in gently and broadly across sectors. I read briefly that only 1 in 10 shares are now held by private investors and that some funds have had margin calls and having to close positions. OML certainly meet cash generation, underpinned financials,healthy dividend and most people still require life insurance and other related products , even in a downturn. Standard Life have recently been over their exposure in the likes of HBOS , etc , Aviva slides and rises with the FTSE overall based on its stock investments , Prudential came out with good figures and says it can whether a slide in related stock investments and re affirms strong capital base , interesting days , months , year.. gl

Well flagged , I think that OML woes have now been over priced , famous last words, and at these levels now presents a buy opportunity. I dipped in yesterday and today and will look to do so again this week and next and will be happy to take the c.11-12% annual dividend. I cannot see the SP having any further major falls and worse case scenario it will still make in excess of c.£1.25B this year. A safe investment and excellent if you like a good healthy double digit dividend at these levels. JP Morgan has an overweight stance. 17-Oct-08 JP Morgan Overweight 52.60p 130.00p 90.00p Reiteration

Bev88 , well posted.

overnight into the trading session of 05.11 , only a part divi of c.5% but I have always been in and out of insurers and , like it or not , OML are bottom lining it and whilst any stock can sink to further levels , I bought CTT when they tanked as they were making more monies than they worth , they subsequently corrected and wham bam thank you mam , the till rang.

I chose to wade in on OML at these prices as they are only valued at 2x net profit , have an excellent double digit annual dividend yield and at these prices would attract somebody more over than FP.

nice one , lol..

lol, you are just trying to get a beer out of me... seriously , I know you are in deep with RBS , I'll make a call to HSBC to see if they can quietly stake build and make a grab for RBS at 225p when the rights issue is announced , lets face it , they will be a bit lonely by themselves without RBS threatening them so they might as well take them out as it will give themselves something to do.. do you know anyone from Santander from your spanish trips , maybe we can get a bidding war going. I here Santander have taken over control of a big chunk of the retail bank they had an interest in stateside.. now there is a bank that seemingly knows what it is doing.

I saw the volume building up this morning in auction but failed to get the order accepted , looks like some proper recovery in play now for DGO , will see if I can bring the price down to buy in :)

... wait out on this and all other equities and go into indices trading until such time that market really shows some sustained upward motion. Funds , institutions and retail investors are pulling out at an alarming rate and there were some very wise investors who lost billions in the likes of Leehman's and many others. I know the majority of investors loath shorters on this board and that they have a hard time morally coming to terms with shorting a stock , but watching your equity holdings crash and averaging down is great if a correction is on the horizon , but as far as I am concerned , it will take some serious growth opportunities to get stocks back up to decent levels and oil producers will have to cut production until such time that demand increases , not in hope to increase price , but because demand will simply fall off ... I like DGO and many other companies but , as stated , got out. http://uk.reuters.com/article/businessNews/idUKTRE4985E620081010?feedType=RSS&feedName=businessNews