Hardy Underwriting Share Discussion Threads

[dumpling] 26/5/2006 19:08

Do any of you good people know the dividend position? I thought they were maintaining it but there is a "-" in the financials for this year.

[saucepan] 11/4/2006 09:10

Hello to regulars on the thread. I went long on HDU today, with a view to long-term hold (December spreadbet, set to roll over).

It was a fairly dispassionate decision. I undertook a stock screen based mainly on low PEG, steadily growing EPS and turnover, and positive broker sentiment. HDU came out from this, looking good, and a bit of further research convinced me to buy.

[moogies] 31/3/2006 09:39

IC has reiterated it's BUY rec of 27/01/06.

M.

[alexandrews] 23/12/2005 14:34

Wouldn't this placement still have shown up in the trade logs, presumably as broker-to-broker deals?

Alex

[charlie] 23/12/2005 14:29

Any views on how this will affect the underwriting culture? Earlier this month Peel Hunt described the new chairman as "David Mann, formerly lead underwriter on syndicate 435, who sold his agency with great aplomb to Berkshire Hathaway." Which sounds vaguely encouraging, but the trouble is the record of HDU / Syndicate 382 is the record of Peter Hardy, and now he's (nearly) gone.

[charlie] 23/12/2005 14:26

LONDON (AFX) - Hardy Underwriting Group PLC said its founder and outgoing chairman Peter Hardy has sold 2,289,838 shares in the company, leaving him with a holding of 375,000 shares.

As part of this placing, new chairman David Mann, chief executive Barbara Merry and active underwriter Adrian Walker have purchased 750,000, 100,000 and 50,000 Hardy Underwriting shares respectively.

All trades at 212p.

So Peter Hardy appears to be retiring more or less completely.

[moogies] 21/12/2005 11:48

December 19, 2005 11:08 AM US Eastern Timezone

A.M. Best Affirms Ratings of Lloyd's Syndicate 382

OLDWICK, N.J.--(BUSINESS WIRE)--Dec. 19, 2005--A.M. Best Co. has affirmed the Best's Syndicate Rating of A (Excellent) and the issuer credit rating (ICR) of "a+" of Lloyd's Syndicate 382 (United Kingdom). The outlook for both ratings is stable.


Syndicate 382's ratings reflect its strong financial performance and excellent business profile. An offsetting factor is the risk associated with underwriting new classes of business.

The ratings also reflect the financial strength of the Lloyd's market which underpins the security of all Lloyd's syndicates. The syndicate is managed by Hardy Underwriting Agencies (HUA), a wholly-owned subsidiary of Hardy Underwriting Group PLC, which is listed on the London Stock Exchange. Syndicate 382 has raised its capacity for the 2006 underwriting year (supported by a letter of credit for GBP 19 million (USD 34 million)) to GBP 110 million from GBP 100 million in 2005 (USD 194 million from USD 176 million), in anticipation of a hardening market for certain classes following the 2005 hurricane season.

A.M. Best anticipates a solid operating profit of 10% on capacity for the syndicate when the 2003 underwriting year is closed, in line with the syndicate's September 2005 Quarterly Monitoring Report. In 2004, the combination of a large number of natural catastrophes and exceptional losses from new classes written (financial institutions and political risk) will have an impact on the syndicate; nevertheless, A.M. Best forecasts a modest profit for the year. Despite estimated net exposure of between GBP 11-14 million (USD 20-25 million) due to the 2005 hurricanes, A.M. Best believes syndicate 382 is likely to remain profitable when the 2005 year of account closes.

Syndicate 382 benefits from an excellent market profile for the specialist short-tail classes it writes. The account written is well diversified in terms of classes of business and territories written, and the syndicate leads 40% of risks accepted, enabling it to determine pricing and underwriting terms. However, AM. Best believes that the syndicate continues to be exposed to risks associated with underwriting new lines of business, principally from its financial institutions and political risks accounts.

For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com.

[danny murphy] 20/12/2005 20:34

218.25p (from 212p) why the rise???

[danny murphy] 22/9/2005 07:14

Good interim results today. Share price should rise from the present level of 207p to 230p++ in the next 10 days unless Rita dampens down enthusiasm.

[danny murphy] 14/9/2005 08:34

Bought in at 206.8p. Katrina net cost at £2.5m (after provisions) looks good.I see no reason HDU cannot reach 230p by the time of the results on 22 Sept.

[danny murphy] 06/9/2005 18:38

193.5p, looks like the Katrina effect. Looking for possible re-entry level at 150p.

[danny murphy] 04/9/2005 18:18

I wonder if Katrina will have an adverse effect on HDU???

[finess] 25/8/2005 12:08

Spread not good.

[finess] 17/8/2005 15:59

Trend is down, who is selling those 50K blocks.

[danny murphy] 01/7/2005 10:42

As I thought the takeover talks were a waste of time.

[danny murphy] 20/6/2005 08:51

The takeover talk seems to be a non starter.

[danny murphy] 14/4/2005 07:07

Now quoted in the FT just as the price starts to creep up.

[danny murphy] 04/4/2005 07:15

Anyone know why the share price is not quoted in the FT any more???

[theberg] 21/2/2005 12:24

RNS Number:8305I
Hardy Underwriting Group PLC
21 February 2005



Date: 21 February 2005
On behalf of: Hardy Underwriting Group plc ("Hardy")
For immediate release





Hardy Underwriting Group plc



The company has been informed by a fax dated 18 February 2005 from Hermes
Administration Services Ltd. that as at 17 February 2005 the following entities
had a material interest(s) in shares of Hardy Underwriting Group plc.



BriTel Fund Trustees Limited, The Trustees of the BT Pension Scheme :

Registered Holders: Britel Fund Nominees Ltd. 1,252,851 shares 3.533%

Chase Nominees Ltd. 281,597 shares 0.794%


Amount of shares on loan 300,000 shares 0.846%

Direct Holding: 1,234,448 shares 3.481%



Enquiries to:

Hardy Underwriting Group plc Tel: [phone]
Theresa Hutchings

Redleaf Communications Tel: [phone]
Emma Kane/James White




This information is provided by RNS
The company news service from the London Stock Exchange
END

HOLEAFAFASXSEFE

[theberg] 17/2/2005 09:55

Adaremi,

FYI ILV Annual Results Due Dates

ILV Market caps per 16/02/2005

AML £628.51m Full Year Results Tuesday 8/03/2005
AUW £105.12m Full Year Results TBA
BEZ £404.69m Full Year Results Tuesday 15/03/2005
BRE £825.53m Full Year Results Tuesday 01/03/2005
CGL £525.73m Full Year Results Friday 11/03/2005
CHU £156.31m Full Year Results Friday 18/03/2005
COX £256.78m Full Year Results TBA
GOS £ 70.78m Full Year Results Tuesday 8/03/2005
HDU £ 79.96m Full Year Results Thursday 24/03/2005
HSX £503.97m Full Year Results TBA
HWY £ 78.28m Full Year Results TBA
KIN £174.90m Full Year Results Tuesday 5/04/2005
SVB £109.83m Full Year Results TBA
WUN £445.57m Full Year Results Friday 4/03/2005

[theberg] 16/2/2005 12:33

Tulk,

FYI Annual Results Due Dates
ILV Market caps per 16/02/2005

AML £628.51m Full Year Results Tuesday 8/03/2005
AUW £105.12m Full Year Results TBA
BEZ £404.69m Full Year Results Tuesday 15/03/2005
BRE £825.53m Full Year Results Tuesday 01/03/2005
CGL £525.73m Full Year Results Friday 11/03/2005
CHU £156.31m Full Year Results Friday 18/03/2005
COX £256.78m Full Year Results TBA
GOS £ 70.78m Full Year Results Tuesday 8/03/2005
HDU £ 79.96m Full Year Results Thursday 24/03/2005
HSX £503.97m Full Year Results TBA
HWY £ 78.28m Full Year Results TBA
KIN £174.90m Full Year Results Tuesday 5/04/2005
SVB £109.83m Full Year Results TBA
WUN £445.57m Full Year Results Friday 4/03/2005

[tulk] 22/10/2004 22:18

short this?!!!


Figures trend 2004
(last 3 months) (Previous month) Current
Earnings per share (EPS) (in BPC)
47.90 28.70 26.27
Price earnings ratio
5.03 7.93 8.24
Cash flow per share (in BPC)
n/a n/a n/a
Earnings growth (in %)*
67.48 41.92 41.92


What I dont like is the protected trade over 550.000 ... they look like buy. But why price not moving? By the numbers above I would not short or even sell. It has retraced 50%, look like a move north will be due soon, would be supported when FTSE moving also north.