Company website is www.admiralgroup.co.uk

Based on the 6 year chart private.

yes broker targets to 1900 lol...........

25-Oct-11 Nomura Buy 1,220.00p 1,900.00p - Reiteration
19-Oct-11 Credit Suisse Underperform 1,225.00p 1,500.00p - Reiteration
10-Oct-11 Nomura Buy 1,246.00p 1,900.00p - Reiteration


i feel a yeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

noted virtually all at trades :-))))))))))))

gibby - I wish I had a pound for every buy note I've had on these in the last month or so.

lol skinny even so at this sp??? & ref rns "Notwithstanding the continued higher level of large claims in the quarter, I expect us to once again report record profits for the full year, probably some 10% higher than last year. I am confident that with Admiral's enlarged customer base and significant combined ratio advantage we are in a strong position for sustained long term growth and good news in 2012 and beyond."

this sp to my view is excellent buy in opp

@mitzy - surely you can't see ADM dropping to 300p can you?
Forecast yield would then be almost 30%

"....this sp to my view is excellent buy in opp" ....how can you possibly know where the sp will settle gibby? Buying now is a pure punt for an anticipated bounce which may not come.

lol hc - no its a bit more than finger in the air - basing it on the fact that 12 mth low 815 when adm not in such good shape, record profits will be announced even if q4 claims go up - note they only said IF q4 claims go up and even if they do still post record profits, continuous growth expected through 2012 and beyond et cetera - tasty invesment

wow used the strong and it didnt stick again!! :-)))) adm will bounce question is when - looking for ii movement personally as this is ftse only a tad over 270M shares in issue

Profit warnings usually come in 3's and today was the first one.

Investec says that dark clouds [are] forming at insurance giant Admiral, as it reiterates its sell rating and 843p target.

Shares plunged on Wednesday morning after the firms statement which warned 2011 profits would be at the lower end of expectations (just 10% higher than 2010) due to a jump in personal injury claims.

We see this IMS as an admission that Admiral is not immune from market forces and this will disappoint the market, we believe. It remains our view that significantly out-performing a commoditised market for sustained periods is impossible, said Investec analyst Kevin Ryan.

investec what do they know LOL

in these market to increase profits by JUST 10 % is good going and that is only if things go bad currently ahead of that - i wonder how Investec are performing right now lol

Markets are forward looking, hence the drop.

I remember Independent insurance which rose from nothing to 2000p and then collapsed and the Director Alan Bright went to jail for fraud..I got out of them a week before they went to the wall..not suggestimg any wromg doing here.

Its dog eat dog in the insurance market.

lol yes - i know a real good buy homeserve LOL!!! wonder how much worse it will get there - thousands of wrong selling claims going in against them!!

wouldnt want to be in homeserve right now - in fact anytime at all!!!

hmm mini revival

lol lol lol bouncing!!!!!!!!!!!!!!!!!!!!!!!

yeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

easy wonger again!! :-))))))))))))))))))))))))))) ftse 100 co bouncing

get in there!!!!!!!!!!!!!!!!!!!

:-)))))))))))))))))))))))))))))))