Member Info for Nick1234

I'm surprised they didn't snap up NIG from Direct Line instead of it going to RSA. As far as acquisitions go, it would have been fairly easy to integrate given the geographical and product overlap with Aviva's existing commercial brokered general insurance book.

Will this mean another buy back is on the way?

You can't seriously compare this company to CINE or Superdry.

Agreed, massively oversold now.

Will surely bounce back to £25+ soon.

4th trance of the share buyback to start with immediate effect. Hopefully that can be a catalyst for some growth in the SP.

V tempted to up my holding ahead of the interim results on 21 September.

If JD maintain their full year forecast for FY24 of £1bn PBT then this is very undervalued.

Not sure about the sale of NIG to RSA. Yes it plugs a gap short term and raises capital but it could have been a big growth area with some work and it provided some diversification from basic personal lines household and private car policies.

Should really be heading higher as we move towards ex-divi date on Thursday.

Starting to move up nicely now. Hopefully should get up towards the 80p mark very quickly.

Don't think there was ever a realistic expectation of a buyback and so wasn't factored in to the share price.

Great set of results. Bit baffled by the reduction in the share price this morning.

I deal with Hiscox on a daily basis through my job and after 3 pretty shambolic years, it looks and feels like they have turned a corner.

This and Beazley are massively under valued in my opinion.

Sounds like Wilkos is on the brink. Would surely be beneficial to B&M. Any thoughts?

I'm sure the latest results said they expect to be in profit next year.

It's Barenberg, I'd take it with a huge handful of salt. I suspect 290p will be nearer the mark.

Last year's HY update was on 25 July so there should be a RNS later this week or early next week.

I'm fully expecting good news across the board which will hopefully get us out of this recent share price weakness.

I would very much welcome a share buyback at these prices to stimulate the share price. Look at a companysuch as Aon (NYSE:AON) due to buybacks, there has been a 38% net reduction in number of shares between 2010 and 2022.

Obviously you can't do buybacks on this scale AND pay a 9% divi, but if we are to get out of this malaise I think a reduction in the number of shares is needed.

You are right, it doesn't give margin or profit figures but it does say "Strong, profitable trading momentum"

If this level of growth can be maintained I would be surprised if there is another special divi at some point.

Massive buy opportunity here.

Absolutely superb update. Hoping for £40 in the next year which seems very achievable.

Broker target prices usually have a year timeframe. But that's obviously a long time in the world of investing and a million and one things could happen between now and then which gives the brokers a few excuses when they invariably don't hit their target price.

This share was certainly oversold last week. The fall in the price of oil today obviously helped the mood too.

I fully expect the SP to move back above £30 pretty quickly. Looking at the current pattern it may dip again but I'm happy to hold and I would not be surprised to see £40 in the next year (assuming there's no escalation in Ukraine, a serious recession in Europe or a new covid type event etc). Obviously DYOR, I'm just a stranger on the Internet and don't know your risk appetite or individual circumstances.