Share Name Share Symbol Market Type Share ISIN Share Description
Hardy Underwriting Group LSE:HDU London Ordinary Share BMG429851048 COM SHS 20P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 279.50p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 190.5 -42.1 -67.5 - 142.95

Hardy Underwriting Share Discussion Threads

Showing 226 to 250 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
06/4/2012
13:25
topvest, I sold too. Felt it better to have the cash in the bank and figured there may my a tiny weeny chance that the offer could fall thorugh due to some unforseen circumstances. As Boros10 points out, for a small percentage difference may as well have the cash now ready to reinvest.
1nf3rn0
05/4/2012
17:07
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.
boros10
05/4/2012
11:57
Looks like it will be 3/4 months until we get the cash here given the approvals required. Still inclined to wait, rather than to lose out on 2% or so of the offer, but might change my mind if the market crashes again, and there is better value around. What are other doing?
topvest
21/3/2012
18:25
I'm in Beazley too. A win-win I figured. And it's probably put Beazley back in the shop window.
1nf3rn0
21/3/2012
17:23
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! :-)
edmundshaw
21/3/2012
17:10
I am pleased with this outcome :)
1nf3rn0
21/3/2012
15:17
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
a0148009
21/3/2012
14:51
Great news - well this was a quality company. That is reflected in the price. Very pleased with this outcome!
topvest
21/3/2012
14:48
A great offer well ahead of TNAV for 2011 and forecast TNAV of 218p for 2012. Having bought in at around 205p in the hope of a bid I am naturally delighted.
boros10
21/3/2012
14:42
That's a nice outcome for holders and for staff. The price actions tells us that they kept it commendably tight, as well.
effortless cool
21/3/2012
14:40
I can't see that being rejected to be honest. Now which daily paper wants to start the counter bid rumours?
chillwill
21/3/2012
14:27
Fair offer s
stephanie_m
01/3/2012
15:32
at 1.2/1.3 x NTAV, this should be taken out at 220 - 240. Worth a punt at 190P?? What do u think?
panachegrp
01/3/2012
14:05
Just managed to squeeze 5k out of the market at 190, market maker has not put it on the screen yet, unless there are other problems lurking in the woodwork can't see it going for less than this, the thrill is getting it right rather than the few bob to made. AO
a0148009
01/3/2012
13:47
Not a name AO, but have a consultant background, and took an interest in Barbara Merry's style over the years of holding Hardy. She seems a clever girl and I hope she pops up again after a handover period with the new owners. She needs to gather the right team around her.
skyracer
01/3/2012
13:33
Your memory serves you well, I was feeling a bit clever for while until the good years came in the naughties. It does appear that they are too small and do not wish to go it alone any longer or sell off some of the book.Any ideas of the possible outcome. AO
a0148009
01/3/2012
13:03
You may have missed some excellent returns over the last decade but, before that, you missed some bloody awful returns on 1999 - 2001 so, overall, I think you can view it as a well-timed retirement!
effortless cool
01/3/2012
12:48
Sad indeed, I can remember when it was easier get an invitation to a Garden Party at the Palace than get an underwriting line on Hardy. I still think there are some directors and underwriters that would prefer their independence, often a fault of former directors of private companies to overvalue their worth when they go public. Skyracer you seem informed were you a name on Lloyds, I was for 20 years 1978 - 1998 and did well, but resigned in 1998, and missed some excellent returns over that last decade, at the time I retired very early to manager the family money full time, and did not think it appropriate to remain an underwriting name. AO
a0148009
01/3/2012
10:31
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.
skyracer
01/3/2012
08:23
They will have conservatively reserved for catastrophe losses in this account. NAV 183.5p with a 20 to 30 per cent premium take out price over NAV would be 220p - 230p not expensive for a syndicate of this quality. AO
a0148009
08/2/2012
16:09
Anyone who took a punt as mentioned in post #62 with a tight stop loss could now raise their stop to lock in current gains and be in a no lose situation. It's all about the takeover. If that doesn't happen I expect it to fall back fairly sharply. Given the rise though it looks like a deal may be fairly close...
1nf3rn0
08/2/2012
13:08
Hm. Interesting situation. But given the scale of losses and potential losses in the last 2 years, I shall leave this one to the experts...
edmundshaw
08/2/2012
09:24
http://www.businessinsurance.com/article/20120207/NEWS04/120209920?tags=%7C306%7C285%7C76
1nf3rn0
27/1/2012
09:34
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.
1nf3rn0
27/1/2012
07:15
Mmm...worth a punt I think?
harmonics
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