|Highway Insurance Holdings
||EPS - Basic
||Market Cap (m)
Real-Time news about Highway Ins. (London Stock Exchange): 0 recent articles
|nigelwestm: It's funny. The current share price is what I was expecting if HWY had simply maintained its divi, yet it is being taken out!
I think LV have got themselves a real bargain. Wish I had a much larger holding (like 20% of the business or something) because if I did I wouldn't be selling...|
|nigelwestm: I have to say that I am very p1ssed off with that IMS earlier in the year. It was that statement that sent these below 50p (from above 80p each) and now we are being told we are getting a premium of around 50% for our shares!!
The point is that this company is still in very good shape and I think it is not a suitable time in the cycle to be selling up.
I held on because I was convinced that things couldn't have been as bad as the reaction to the IMS suggested, and that the divi would not be cut. But what's the point in holding on for a maintained divi, and share price recovery, if the company is then sold...???
I shouldn't get too upset since I just worked out that - with the divis I've been paid already - the current offer gives me a 30%-plus upside to my investments in Highway over the past three years. But I was hoping for much more.
I just hope that there aren't too many insurance industry executives on holiday at the moment. Surely, rival companies paying attention to the situation will recognise a bargain!|
|alexisk: I agree, it would need to go for a lot more than the current share price (around 60p) in my opinion|
|nigelwestm: Yes. Looking forward to my 4.1p per share in May.
These results look better than forecast. I suppose the small rise in the share price so far is because many private investors just aren't investing at the moment. Fund managers, of course, always need to spend time looking at the figures in much more detail before they decide to buy more or sell...|
|nigelwestm: Not sure what to do about Highway. I'm quite heavily in but the shares have not been going up or down much for a while, despite the volatility in the market.
I suppose that the fact that the share price has not gone down today in spite of the FTSE100 falling 4% is a good sign. Might mean the upcoming results will be good. Meanwhile, the divi (assuming it is maintained/increased) is fantastic. What do others think?|
|nigelwestm: Quite surprised that there has been no comment on the current share price strength. Anyone got any information as to why HWY is performing so well?|
|nigelwestm: well they appear to have moved the share price, anyway|
|nigelwestm: Wow! Share price has moved up a whole penny.|
|a2336418: Does this HWY share price chart look like a reverse head and shoulders........if so can a chartist amongst you give a target price? Cheers.|
|little beaker: Yes, I believe that the HWY price may have slipped versus CHU because people believe there is a risk that the deal won't go through; this is seen as negative for HWY share price. If this weren't the case, it would be possible to short CHU and buy HWY to arbitrage.
The premium in the HWY share price was already there before the merger announcement. I believe the deal is unambiguously good for HWY shareholders and unclear for CHU holders.
I only own CHU. I believe CHU is more cash-generative and therefore more attractive than HWY, as I believe there is more scope for dividend increases going forward. However, I am prepared to accept the merger may be good for CHU mainly because of the cross-synergies it is likely to create, and therefore cost savings, brand recognition, and an increase in pricing power.|
Highway Insurance share price data is direct from the London Stock Exchange