Broker Network operates in the Insurance sector, as a network organisation for independent community insurance brokers. Company have gone from strength to strength in last 2 years. Today they have just released excellent Interim figures which I will post below, even before these results forward EPS to 2007 was only 10.77 and 2008 = 9.72. Should be a new Broker Forecast out soon, but if you check the Interims you will notice how cheap these shares still are, even after recent increases. Fundamentals all look very stong, with very stong balance sheet and margins are very healthy and improving.

Because of new and tighter FSA rules Broker Network have and will continue to benefit because of the Thousands of small partner firms in this sector who struggle with the tighter regulation. They are coming under the Broker Network umbrella, who then take care of the FSA rules for them ( For a fee of course )

Spitfire. I agree with you. The Board have rolled over far too quickly. The market seems to have taken it as a done deal. I have been running the profits on both BNH and ASOS against bid rumours. Both have such a strong position in their respective markets you actually feel disappointed when one is satisfied with the bird in hand. Where is Richard Branson?

Eric

Unfortunately I think it is a done deal now, at least it's more money to the pot for a market correction, when it comes. Will have to find myself another BNH, if you have a chance take a look at EDD one of the few companies I still hold. SP has increased since August, but could be another BNH in it's sector. imho.