One of the Lloyds Insurance Brokers and trading derd cheap on a p/E of only just over 4. There is of course a reason for this and it was the termination of talks with Highways Insurance Holdings Plc (late april) were both parties jointly terminated a possible combining of their respective businesses.
Investors took this as a negative sign with Cox and the shares plummeted and have been well oversold.
The plusses are that you can snap this up at a P/E of 4.2
2 Directors have bought into the recovery
The share trades at a large discount to the sector
Last results were excelent
The forward statement is very encouraging and business is well on track
The share is in uptrend and has been for 4 consecutive days.
please DYOR.
cheers GF.