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I think all f the recent drop is due to covid worries. Intercontinental is not a useful comparison because it is so internationally focused, it makes most of its profits from the Far East and the US. It has actually stayed profitable throughout the pandemic.
The interim results for WTB on Tuesday will no doubt be a trigger for further movement in the SP.
Doubt those figures are right looking at the share price! Remember LSE are just guessing which transactions are sales and which are buys. They don't actually hold this data ( and frequently get it wrong).
Quantuma have just been appointed as the administrators for Derby County F.C. Could be a nice little earner... they apparently billed Bolton Wanderers around £1.5m for handling their administration a couple of years ago.
What would be the cost implications for ASC of switching to the FTSE be? Surely it would bring more stability to SP.
Would the increased red tape make it counter productive? Would the extra stamp duty payable stop people trading the share?
The only piece of connected news i can see today is the very small (0.1%)increase in spending by consumers at restaurants. Given its the 1st monthly increase since the pandemic began 17 months ago maybe some are seeing it as a big moment in the recovery.
Part of the reason for the drop today is the introduction of the lifetime cap on care costs of £86,000. The thinking is it might attract more competition as more Insurers enter the marketplace. Not sure it warrants a 2.4% drop in my view.
Any thoughts on this?
https://www.sharecast.com/amp/news/broker-recommendations/ubs-downgrades-beazley-to-sell-after-share-price-gains--8065693.html
Can anyone shed any ligjt on the 'Low capital flexibility concerns?'
I jumped in about 2 months ago and am sitting on a 2% loss at the moment.... that damn spread!!
I'm a Bolton lad so I'm pleased to see a local firm doing so well. This is a long term hold for me, there are huge amounts of potential with this firm. The management are excellent and I fully expect a superb set of results in September.
Jaffjoon: I think the issue is that margins are being squeezed. Customer numbers are up over the year by 17% but costs are up for the same period by 24%. You would have thought that HL's fixed costs are relatively stable and that an increase in customers would really add to the bottom line, but clearly not.
Add in the increase in competition and its difficult to see where (profitable) growth is going to come from.
Ratbags, you can't use Taunton as a yardstick, it's in one of the most rural parts of the country with a very low population density and very few visitors. Come to Greater Manchester, we been ravaged. I know dozens of people who have had CV19, some being very ill with and some long covid.
Hopefully, he'll address some of the service issues which, frankly, are abysmal.
And failing to issue renewal terms even when you are 2 days before the renewal date isn't only a commercial risk, but it could warrant unwanted attention from the FCA.
HSX built a superb reputation for paying claims and providing a top level of service. Both of these are now shot.