Juzzle
- 23 Nov 2004 14:12
gibby
- 09 Nov 2011 13:30
- 53 of 105
hmm mini revival
gibby
- 09 Nov 2011 13:52
- 54 of 105
lol lol lol bouncing!!!!!!!!!!!!!!!!!!!!!!!
gibby
- 09 Nov 2011 14:05
- 55 of 105
yeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
easy wonger again!! :-))))))))))))))))))))))))))) ftse 100 co bouncing
gibby
- 09 Nov 2011 15:08
- 56 of 105
get in there!!!!!!!!!!!!!!!!!!!
:-)))))))))))))))))))))))))))))))
gibby
- 09 Nov 2011 15:12
- 57 of 105
lol back to 9 squid
gibby
- 09 Nov 2011 15:19
- 58 of 105
strong last hour ahead - yeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaa
gibby
- 09 Nov 2011 16:20
- 59 of 105
we're off again
gibby
- 09 Nov 2011 19:48
- 60 of 105
what a day - iis been waiting for a weakness like this and been snapping up panic sells and at triggers - additionally ceo bought another 1 million shares - looking fwd to tomorrow - satisfactory day at the office :-)
gibby
- 09 Nov 2011 21:09
- 61 of 105
very interesting day tomorrow especially in current mkt conditions - wonder how many will follow the money the 1M ceo buy today and other director buying is more than interesting additionally:
09-Nov-11 Nomura Buy 887.50p 1,900.00p - Reiteration
gla
mitzy
- 10 Nov 2011 09:05
- 62 of 105
Still a sell.
skinny
- 10 Nov 2011 09:06
- 63 of 105
:-)
HARRYCAT
- 10 Nov 2011 13:15
- 64 of 105
"UBS has downgraded insurance titan Admiral from buy to neutral and slashed the target price by a whopping 45%, from 1,610p to 890p, following the groups statement yesterday which resulted in over a quarter of its market value being lost.
Although we believe that Admiral remains among the best managed non-life companies in Europe, earnings transparency is low until the reasons for the acceleration in large bodily injury claims become clear, said UBS analyst James Pearce.
Other brokers have cut their ratings and/or targets today on the stock: Nomura kept its buy rating but reduced its target price from 1,900p to 1,100p; Credit Suisse downgrades from neutral to underperform, target cut from 1,500p to 1,100p."
dreamcatcher
- 10 Nov 2011 13:34
- 65 of 105
Brokers' round-up, major downgrades for Admiral Group
StockMarketWire.com
UBS downgrades Admiral Group from buy to neutral, target price cut from 1610p to 890p.
Credit Suisse downgrades Admiral Group from underperform to neutral, target price cut from 1500p to 1100p.
Deutsche Bank downgrades Admiral Group from buy to hold, target price cut from 1500p to 1100p.
Collins Stewart downgrades Admiral Group from buy to hold, target price cut from 1700p to 880p.
Numis downgrades Admiral Group from buy to add, target price 1040p.
skinny
- 10 Nov 2011 13:41
- 66 of 105
Its disgraceful (but nothing new) the number of brokers that have recently been issuing buy notes on this with 19 targets.
mitzy
- 10 Nov 2011 14:14
- 67 of 105
numpties each and every one.
dreamcatcher
- 02 Dec 2011 20:55
- 68 of 105
{ Rachel Cooper, 19:50, Friday 2 December 2011
As the blue-chips steamed ahead, Admiral was becalmed as analysts forecast stormy waters ahead for the insurer
Last month, Admiral shocked the market with a warning that profits this year could come in at the lower end of expectations due to a jump in injury claims, succumbing to an industry trend that the motor insurer had previously resisted.
Admirals shares have fallen 40pc in the past year and 24pc since the profit warning alone, and analysts at RBC (MCX: RBCI.ME - news) cautioned that they do not expect a recovery following underperformance.
Beginning coverage of Admiral with an underperform rating, the broker argued that competition could intensify, partly due to the proliferation of price comparison websites that allow customers to track down the best deals.
We believe that the price comparison sites should continue to grow in popularity and further dominate the UK car insurance market, said analysts. The benefits to the customer are high, which should increase their popularity as the number of customers using the Internet to purchase insurance increases over time. We view this as negative for the profitability of the industry, as price competition should increase further, leading to declining margins.
But having dipped as low as 872p, Admiral finished just a hapenny lower at 911p while banks and other financials helped lead the blue-chips higher.
HARRYCAT
- 06 Dec 2011 16:18
- 69 of 105
Investec note:
"Admiral Group: Going like a freight train. Downhill.
We retain our Sell recommendation and have cut our TP from 843p to 570p.
The profit warning at 9M 2011 has increased the risk in holding this stock, in our view. Our old TP equated to a PER of 10.4x, a premium to the market which we feel is no longer deserved. There is a significant risk of next years earnings being hit by additional reserve strengthening.
The shares have recovered from the lows following the profit warning. However, we feel a market PER of 8x our forecast 2012 earnings is the most that an optimist could justify and this equates to a share price of 800p.
It seems inevitable to us that as the business continues to grow strongly, there will be shocks such as those that occurred with the 9M IMS. Admiral is still significantly more profitable than all its competitors. It is our view that given the commoditised nature of the UK motor insurance market, this will change as the competition narrows the gap.
It is not clear whether the claims shocks described in the 9M IMS will be a one-off. This note illustrates what could happen with a significant reserve increase next year. If an event like this did occur, the 10% dividend growth we currently forecast would be void. In such an event, it seems likely the company would revert to its original pay-out policy of paying 45% of earnings. This would see the 2012 dividend reduce to something in the order of 44p. It could be that earnings will not be hit by a one-off increase in reserving but the company may feel it sensible to retain more earnings and cut the dividend.
Given all these unquantifiable risks, we retain our Sell recommendation."
skinny
- 03 Feb 2012 07:10
- 70 of 105
Admiral Group PLC : Extension of Reinsurance Ar...
HUG
Admiral Group plc
Extension of Reinsurance Arrangements for UK Car Insurance
3 February 2012
Admiral Group ("Admiral") today announces that it is extending its existing UK Car Insurance reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re into 2014. The cost of these arrangements to Admiral is unchanged.
The extended arrangements are in addition to the current co-insurance agreement with Munich Re (covering 40% of the UK business), which runs until at least the end of 2016. Admiral has committed to retain at least 25% of the UK underwriting for the duration of this agreement, whilst the allocation of the balance is at Admiral's discretion.
Share of UK Car Insurance underwriting:
.................2012.........2013..........2014
Admiral..... 25.00%......25.00%......25.00%
Munich Re..40.00%......40.00%......40.00%
New Re......13.25%.....13.25%.......13.25%
Hannover Re8.75%......8.75%..........8.75%
Swiss Re.....7.50%......7.50%..........9.00%
Mapfre Re....3.00%......3.00%..........4.00%
XL Re 2.50% 2.50%
Total 100.00% 100.00% 100.00%
Commenting on the developments, Chief Executive Officer, Henry Engelhardt, said: "We are happy to announce these extensions to our underwriting arrangements into 2014. Reinsurance has been at the core of Admiral's successful business model since 2000 and we look forward to continuing our mutually beneficial relationships with our partners for many years to come."
skinny
- 03 Feb 2012 09:33
- 72 of 105
In auction +10%