marfthew/IR Response31 Jan 2018 16:04
A fellow private investor did get a response from IR actually and it makes the continued drops even more perplexing. It does not reflect well on the market.
***********************************************************************************************************************************
In 2014, the year we floated on the stock exchange the company reported profit of c. �165m. This year the City is predicting that we will grow profit to c. �190m. This will be a record high level of profit for the company. Cash generation is very strong, and we have paid down a significant proportion of the debt we inherited at IPO.
The Group�s dividend has grown strongly throughout the past few years and again, we hope to pay a record high level of dividend to our shareholders this year.
Since IPO, we have been investing in our capabilities. Our new claims platform is now live and our broking platform is in the final stages of testing. The renewal of our shipping fleet is underway. We have launched our motor panel and our membership program, Possibilities. We have improved our ability to attract, retain and grow our High Affinity Customers ("HACs"). With greater customer insight and a stronger business platform, now is the right time for us to make targeted marketing investments to grow the business.
***********************************************************************************************************************************
Does that sound like a company in trouble or justify a near halving of the share price in a matter of months?
Sign In
Follow the stocks
