Aston Martin Lagonda Glo... Share Discussion Threads

[ursus] 29/1/2013 11:24

coolie or someone else who knows the sector ---

what do you make of these board changes? do they explain relative weakness against both general market and sector?

[thamestrader] 20/12/2012 10:34

Agreed, and the market seems unworried by the figures. Same for another company I follow (CGL) who announced a similar estimate ($200M in their case) this week.

Must admit, I did think of selling and buying back after the figures were "out there", but my apathy paid off.

[edmundshaw] 30/10/2012 17:28

Hurricane Sandy is already expected to cost more than $20 billion in repairs to homes, offices and major infrastructure, Bloomberg News reports.

An Oakland, California-based risk assessor "estimated Sandy would cause as much as $20 billion of economic damage with about $5 billion to $10 billion of that in insured losses," says the report.

Similar to my insured loss estimate. I'd imagine cat insurance in the N.E. of the U.S. might be (a) less common, but (b) cheaper as the likelihood there is much lower. So maybe somewhat worse than my first thoughts, but still well within the industry comfort zone.

Sad to see reported deaths, I was hoping the advance notice for this storm would minimise this more.

[edmundshaw] 30/10/2012 09:48

Some selling doubtless because there's a near-hurricane raging through the U.S.

However, last time I saw the estimates for damage were $15 billion in property damage (so about $7.5b insurance claims). Katrina was $81 billion. Because of its extent, business losses from Sandy may be higher than normal, and some of these will be insured, but still, this is just normal business for Amlin.

Happily, because of the slow moving nature, loss of life is likely to be minimal. And without hurricanes there would be no cat business, and every hurricane puts upward pressure on rates, so I cannot see a serious downside for Amlin in this case. I have added on weakness...

[edmundshaw] 20/8/2012 08:01

Obviously an excellent H1. Bear in mind though that catastrophes have been few this year to date. The comparison with last year is striking...

[cwa1] 20/8/2012 07:09

Sounds reasonable on first glance:-



Charles Philipps, Chief Executive, commented as follows:
"This is a welcome return to profit and the strength of our underwriting result underlines the quality and diversity of our business. The improving trading environment is creating many opportunities for profitable growth, for which we have both the capital and the underwriting capability to take advantage."

[edmundshaw] 10/5/2012 16:01

Added a few after Beazley's IMS today. Cat activity has been benign (must be the weather, next door's moggie is usually yowling away around now). Bodes well for Amlin...

[wllmherk] 04/4/2012 19:10

other trades didn't go to plan so no harm done. Markets seem determined to fall for no apparent reason as far as I can see.

[edmundshaw] 04/4/2012 08:33

Ex div today, my error. Subtracting 2 days from the record date doesnt work over Easter! D'oh!!

In fact it should work whenever the following Thursday & Friday are not bank holidays - almost always...

[wllmherk] 27/3/2012 19:35

cheers Ed,

might buy back in before then if other trades go to plan and I can release some cash.

[wllmherk] 26/3/2012 22:27

When does this go ex div, can't find on website, some sources state 4th April 2012, others 8th April ?

thank you in advance

wllm

[edmundshaw] 07/3/2012 16:36

One director (NED) bought 10k directly on the market today.

[edmundshaw] 05/3/2012 09:56

ok, ok, chairman. You know what I meant. :)

[gj2] 05/3/2012 09:16

I believe the Chairman is to retire.

[effortless cool] 05/3/2012 09:13

New CEO? Does Charlie know?

[edmundshaw] 05/3/2012 08:50

The lower US exposure does balance my insurance portfolio better, so this looks a good hold to me.

[utsushi] 05/3/2012 08:05

Looks to me like the co has done well considering an exceptional catastrophe year, that is all behind, premiums can rise a bit, divi held, share price up with events, no real disequilibrum.

[charles oliver] 17/2/2012 19:23

Steady recovery on this one.

[l2user] 04/1/2012 12:37

David Kempton: my guide to 2012's best investment opportunities
CITYWIRE
Jan 04, 2012