We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hardy Under. Bm | HDU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 279.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 279.50 |
| Top Posts |
|---|
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 01/12/2011 12:02 by a0148009 AnalysisShares in issue: 51.1m Ordinary Shares in Issue, as at Last Close. Major Shareholder InformationSharehold Arab Insurance Group (B.S.C) 3,613,495 7.07 Majedie Investment Management 3,475,554 6.80 Baillie Gifford 3,086,252 6.04 Hermes Pensions Management Limited 2,291,263 4.48 Henderson Global Investors Ltd 2,230,809 4.36 JP Morgan Asset Management 2,146,081 4.20 Carlsson Capital 1,843,787 3.61 Hardy Underwriting Bermuda EBT 1,707,503 3.34 Aviva Investors 1,548,950 3.03 Director ShareholdingsDirecto David Preston Mann 1,277,500 2.50 Barbara Jane Merry 562,493 1.10 Patrick James Gage 172,426 0.34 Jamie David MacDiarmid 112,018 0.22 William Paul Bailie 41,479 0.08 Allan Harry Dunkle 22,000 0.04 Anthony Taylor 17,000 0.03 Julian Michael Cusack 3,800 0.01 Obviously concerned with the catastrophe losses although the rest of the book is very good. Looks to me that they were too aggresive to grow the business and picked the wrong lines. They are important lead underwriters in their traditional business. 350p is out of the question but somewhere between 250 and 280 is possible, whether they will swallow their pride to become part of a larger group is anyones guess. I think they got a little too arrogant relying on their excellent long underwriting record and took larger lines on catastrophe than they would normally have done. I am sure there is serious acquisition interest in them and a prospective buyer would probably not find a better opportunity. edit NAV 30th June 2011 223p AO |
Posted at 31/8/2011 22:42 by goldibucks Not sure what would possess an investor to sell 234p of net tangible assets for under 200p when there is potential for the 234p to recover to 250p-270p in the next 4 months but you never know. As an existing investor I am buying more at the current price, not selling. Underwriting isn't a momentum business, a bad period for claims will eventually lead to a bumper year, not more bad years like in many other businesses. I would rather be exposed to natural disaster statistics than the wider economy at the moment, Hardy was making an average of 15% ROCE until 2010, which is now tax free in Bermuda. When the incident of natural disaster reverts back to some kind of long term average, it will do very well. |
Posted at 20/3/2011 08:33 by goldibucks Article in the Investors Chronicle says Collins Stewart estimates Hardy Japan losses at 16% of net tangible assets. Says that while painful in the short term the cumulative global catastrophe losses for the sector could now top $50bn which is the consensus view for what is required to turn the global cycle. Concludes that rising rates could allow Lloyd's underwriters to grow their long term profits at a potentially impressive rate and that the sector is too cheaply rated for the earnings potential ahead. |
Posted at 10/3/2010 12:02 by kevink3 Hardy and Chaucer both cheap. Have a look at the brief report on:I think its a good summary |
Posted at 04/10/2004 15:44 by creddy I may be wrong but i think the ex d date has been changed to fri 8th. hopefully price will appreciate more between now and then so any drop in share price on fri can be offset meaning you benefit from the full 25p dividend. thats my thinking..!! in this am for a more modest 1000 and 2000 (2 diff dealers) at 127.85. Investors chronicle rated these a buy back in c.march at around 225 and again this fri just gone, describing them as 'too cheap at this level'. |
Posted at 16/7/2003 19:13 by rambutan2 i was going to ask you the same, but prob nothing. hadnt heard of them before... Redleaf Communications, founded by Emma Kane MIPR in January 2000, is a specialist media and investor relations agency. It was ranked in the top ten financial PR agencies handling IPOs, and 7th and 8th in deal values for M&A work in January 2003 and February 2003 respectively. |
Posted at 01/7/2003 14:09 by rambutan2 in at the right price yet again gdb! - you beat the director to it.i reckon they put out the atrium comment just to remind folks what theyve got on their balance sheet and the bargain price they paid for it. remember, it only valued at 95p approx in the accounts. and from today... HARDY UNDERWRITING GROUP PLC Increased underwriting capacity for syndicate 382 in 2004 In view of continued favourable underwriting conditions and opportunities resulting from the recruitment of additional underwriters, syndicate 382, managed by Hardy Underwriting Group plc, through its subsidiary, Hardy (Underwriting Agencies) Limited, proposes to increase its underwriting capacity from £100m for the 2003 underwriting year to £115m for 2004. The increase will not have a material effect on the balance or composition of the syndicate's business. As part of the new arrangements implemented by Lloyd's centrally, the increase is subject to confirmation from the Lloyd's Franchise Board. Hardy Underwriting Group plc owns 80.4% of the capacity of syndicate 382 and the effect of this pre-emption will therefore be to increase the group's own underwriting capacity from £80.4m to approximately £92.5m. Commenting on the increased capacity, Barbara Merry, Chief Executive of Hardy Underwriting Group, said: 'We remain confident of the continuing positive outlook for the underwriting market in 2003 and beyond. We have accordingly strengthened our underwriting team, which has enabled us to increase capacity for the 2004 year of account. The increase in the Group's own underwriting to approximately £92.5m will further our stated intention to create a more substantial business for investors in Hardy Underwriting'. |
Posted at 09/12/2002 01:10 by mr ashley james Tinker,Apparently Investors Chronicle have tipped HDU. Cheers Ash |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
