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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hardy Under. Bm | LSE:HDU | London | Ordinary Share | BMG429851048 | COM SHS 20P (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 279.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 279.50 | GBX |
Hardy Underwriting (HDU) Share Charts1 Year Hardy Underwriting Chart |
|
1 Month Hardy Underwriting Chart |
Intraday Hardy Underwriting Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 06/4/2012 | 14:25 | Hardy Underwriting Group Plc | 85 |
| 14/12/2010 | 13:41 | *** Hardy Underwriting *** | - |
| 08/10/2010 | 09:57 | Hardy Underwriting Group Plc | 52 |
| 03/9/2010 | 18:14 | Right time to buy? | 4 |
| 05/8/2010 | 09:00 | Hardy? Solid as mahogony | 89 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 05/4/2012 18:07 by boros10 I've been selling at 2.765p - so losing 3.5p a share plus £12.75 in dealing costs (so I have lost 1.265% or 3.8% annualised if the deal goes through in 3 months). As you suggest the pull back in the market offers some interesting opportunities so I am happier with the cash. |
Posted at 21/3/2012 17:23 by edmundshaw well done folks. I left this one alone, but no hard feelings.At least the Beazley share price is now up on the news they are NOT taking out HDU! :-) |
Posted at 21/3/2012 15:17 by a0148009 280p is a very full price considering catastrophe book losses and NTAV, I am very satisfied with this. Skyracer hope you took a few on board when we last talked on 1st March. I doubt if anyone will top this price and seems to me they have got the best deal, will hang on a week or so just in case the rumour of a counter bid runs. AO |
Posted at 21/3/2012 14:51 by topvest Great news - well this was a quality company. That is reflected in the price. Very pleased with this outcome! |
Posted at 21/3/2012 14:42 by effortless cool That's a nice outcome for holders and for staff. The price actions tells us that they kept it commendably tight, as well. |
Posted at 01/3/2012 10:31 by skyracer A sad end. I liked Barbara Merry and Hardy. However it is a good illustration of what can happen if a company is too operationally focused and lacks effective strategic thinking, and indeed is not flexible enough to modify their strategy according to changing circumstances. Hardy's timescale is long and they have not exploited this, eg missing out on the biggest bull market in bonds in living history. You cant lead a company based on statistics and analysis, just as in the same way you cant be a successful investor just based on these things because you end up underperforming the indices and are always vulnerable to unexpected shocks. Everyone is allowed to make mistakes but the market is ruthless in punishing those that have made "below the waterline" mistakes. A low price sellout now seems inevitable (and sensible). Barbara, you are too good not to be a CEO, but next time find an ally in a pragmatic & intuitive strategic thinker. One who would scream at you to sell at 350p, because you can always live to fight another day. |
Posted at 27/1/2012 09:34 by 1nf3rn0 A punt with a tight stop-loss. If a takeover goes ahead it should rise, if it falls through then I expect to share price to drop. But I think the potential rise outweighs the potential fall so the odds look decent. |
Posted at 01/12/2011 08:02 by 1nf3rn0 Ha. Now they consider offers, after the share price has been decimated. I bet they are praying BEZ will offer the same price they offered last year... probably not though. |
Posted at 17/11/2011 21:03 by goldibucks The Hardy Board made the right decision at the time in turning down the Beazley offer. It was a pitiful premium to net tangible assets adjusted for overprovisioning so it only offered shareholders a change of management and money in the bank plus a year of profit for the business. They didn't know there was going to be an earthquake in Japan and a near collapse of the Euro at the time they rejected the offer. I didn't hold then but if Beazley made another offer at a similar premium to tangible net assets, I would vote no. Peel Hunt estimate net tangible assets per share of 232p post the Q3 update and they are not particularly bullish so I will be buying more every month at this price. Although the share price has fallen from 300p to 190p, net tangible assets are only forecast to fall 14% from 270p to 232p and that is after a very long run of strong growth. Against that backdrop, Hardy have delivered an 8.5% increase in premiums this year to date and been able to attract external capital to carry on growing premiums in spite of internal capital constraints after an unprecedented run of catastrophe losses. Hardy still has the ability to generate excellent returns for shareholders on a pot of money per share significantly higher than the current share price and those returns are not as affected by economic woes as companies in other sectors or subject to UK corporation tax. The references to historical share prices are interesting because if you compare Hardy on fundamentals across those periods like net premiums written and net tangible assets per share you will see that Hardy is superb value sub 200p. Last time I checked, earthquakes led to higher premiums, not more earthquakes, so although I am annoyed by the Board's inability to pin down historical catastrophe losses, I will continue to add to my holding at every opportunity. I think Hardy will recover to 300p within 12 months. |
Posted at 17/11/2011 08:57 by inntolife I agree very difficult to make the decision, but I have decided to keep away from this one. When compared to BEZ profit margin 14.75% BEZ, 4.96% HDU....Net income of Revenues 10.98% BEZ, 1.34% HDU...ROCE 4.34% BEZ, 1.75% HDU... The last time the share price got around these levels was August 2006 £1.96 before that was September 2005 £1.92 and before that was 2003.. "My havern't the board done wonders" The board should of taken the money and run IMO As I said at the start I don't know or feel just how low this is going to go before it attracts another bid and I'm not prepared to put my money in it, but I will enjoy watching and hopfully learning a bit about how these sorts of things pan out. BTW is Billinsgate still going? |
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