AUW Is this the cheapest fully listed share????
The latest trade of breakout trading site www.chart-breakouts.co.uk , i bought yesterday on the breakout at 285p. Check out the facts below, the special divi soon to be announced is bound to shove another 30p on todays current price. A screamer of a buy imo.
Thursday 29th March 2007
Atrium Underwriting plc ("Atrium")
Announcement of preliminary results
Unaudited preliminary results for the year ended 31 December 2006
Record Results and Increased Dividend
* Record pre-tax profits of #44.7m (2005: #10.0m) up 347%
* Net tangible assets per share up 39% to 188.1p (2005: 135.8p per share)
* Return on equity of 38% (2005: 9%)
* Earnings per share 63.7p (2005: 14.0p) up 355%
* 13p final dividend makes 15p for full year (2005: full year 10p)
* Gross written premiums #152.0m (2005: #171.9m) down 12%
* Net combined ratio for aggregate managed capacity 75% (2005: 108%)
* Intention to return significant capital to shareholders in the second
half of 2007