It looks like the ESURE applications have been scaled back - unfortunately to an amount that is hardly worth the bother. (40% @£2.90).

Esure Website

Sheila's Wheels Website

Recent Broker notes

BarChart Indicators

Recent Market news

Esure Fundamentals (ESUR)

Yes - its going to break one way or the other soon!

Peel Hunt Hold 201.70 190.00 200.00 Reiterates

Interesting developments in the progress of self driving cars.
FT - "Motor insurance is likely to shift from coverage of the driver to product liability coverage, especially as the technology shifts towards partially and fully autonomous vehicles. This is supported in the UK by the government's expected plans to retain compulsory motor insurance for autonomous vehicles in the Modern Transport Bill, due to be published soon. Motorists will likely have coverage from their insurers in the event of an accident, even if the vehicle was operating autonomously, because the coverage will be extended to product liability. Where the vehicle is at fault, the insurer will then be able to seek compensation from the manufacturer.

Concerns were expressed over the risks of intermediate technologies, as drivers may not always be aware that they need to be ready to take over from the vehicle at any moment. Some manufacturers, concerned with the risks, have decided to skip the intermediate stages entirely. In jurisdictions where the law is not clear, insurers may find determining liability for accidents difficult.

There is still a lot of uncertainty over who will have access to connected car data. This is especially pertinent for insurers who will need at least a basic level of data in order to determine liability in the event of an accident.

For motor insurers globally, all this means that adaptation is crucial to ensure future competitiveness. In the short term we would expect increased technology in cars to reduce the frequency of claims for insurers, possibly leading to higher profits. However, 5-10 years out, we think insurers may need to find new pools of risk, or expand to become service providers for motorists."

Preliminary results

A strong year of growth in premiums, policies and profit

Highlights

· Gross written premiums up 19.0% to £655.0m (2015: £550.3m)

· In-force policies up 8.6% to 2.174 million (2015: 2.001 million)

· Underlying profit after tax(1) up 18.0% to £80.5m (2015: £68.2m)

· Combined operating ratio 1.0ppt higher at 98.8% (2015: 97.8%)

· Full year dividend of 13.5p (2015: 11.5p) reflects a payout ratio of 70% of underlying earnings per share, inclusive of a 20% special dividend

· Strong capital position with Group coverage(2) at 149% (2015: 123%)

· Demerger of Gocompare.com completed on 3 November 2016

Gap to be filled?

Yes, to be sure.

I'll get my coat :o)

Peel Hunt Hold 239.95 200.00 200.00 Reiterates

Shore Capital Sell 239.95 - - Reiterates

Ah, so nice to have uniformity between brokers!🤣

Kim - what is that emoji?

Hysterical laugh skinny. On my iPhone.

Interim results



An excellent first half with growth in premiums, policies and profits

Highlights

· Gross written premiums up 22.8% to £393.3m (1H 2016: £320.4m)

· In-force policies up 8.8% to 2.258 million (1H 2016: 2.076 million)

· Profit before tax from continuing operations up 44.6% to £45.1m (1H 2016: £31.2m)

· Combined operating ratio improved 2.6ppts to 96.6% (1H 2016: 99.2%)

· Interim dividend of 4.1p per share (1H 2016: 3.0p per share) reflects a payout ratio of 70% of earnings per share, inclusive of a 20% special dividend

· Solvency coverage(1) at 153% (FY 2016: 152%)

Peel Hunt Buy 195.75 - 300.00 Reiterates

Interims tomorrow - looks 'leaky'!

And there it is - no leak what so ever!!!

Possible Offer

The Board of esure Group plc ("esure" or the "Company") notes the recent movement in its share price and confirms that, having received an unsolicited proposal from Bain Capital Private Equity, LP and its affiliates ("Bain Capital"), it is in the advanced stages of discussing a possible offer for the entire issued and to be issued share capital of the Company by Bain Capital.

Following discussions and a period of due diligence, Bain Capital has submitted a proposal to acquire all of the issued and to be issued shares of esure at 280 pence per share in cash (the "Proposal").

The Proposal represents:

· a premium of approximately 37 per cent. to the closing share price of 204 pence on 10 August 2018 (being the last business day prior to this Announcement);

· a premium of approximately 40 per cent. to the one month volume weighted average price of 199 pence per esure Share to 10 August 2018; and

· a premium of approximately 29 per cent. to the three month volume weighted average price of 216 pence per esure Share to 10 August 2018.

Well done Skinny - I take it you've got some. I sold my CFD's a while ago at 196p when I got fed up with day-trading and packed that in.

Only on a S/B so reasonably small (now closed) - Unfortunately I sold my shares some time ago.