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HWY Highway Ins.

73.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Highway Ins. LSE:HWY London Ordinary Share GB0006561137 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 73.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 73.50 GBX

Highway Insurance (HWY) Latest News

Real-Time news about Highway Ins. (London Stock Exchange): 0 recent articles

Highway Insurance (HWY) Discussions and Chat

Highway Insurance Forums and Chat

Date Time Title Posts
16/10/200820:37Highway Holders Proactive Newsroom1,016
06/3/200708:57Where to for Highway-
07/11/200518:34Highway to move higher!264
09/9/200508:01Highway - dual carriage way to money218
25/2/200514:23jghk1

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Highway Insurance (HWY) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Highway Insurance (HWY) Top Chat Posts

Top Posts
Posted at 05/9/2008 10:51 by nigelwestm
I know what you mean. I first got into HWY a few years back when the shares were just over 40p because it was already a high yield play, but then they increased the divi aggressively and the shares shot up to 93p. I'd bought all the way up, and was hoping to see a pound but it never happened.

I've been trading in and out ever since (my last really good sell was 5,000 shares at 81p earlier this year) but I still had plenty of shares when the share price headed south. Overall all, if you count divis, my average purchase price of the shares works out at around 55p so I can't complain too much.

Still, I am holding for a few more weeks to see if another bid emerges...
Posted at 03/9/2008 08:39 by 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...
Posted at 28/8/2008 08:31 by 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!
Posted at 28/8/2008 06:33 by welsheagle
RNS Number : 1797C
Highway Insurance Group PLC
28 August 2008


Highway Insurance Group Plc

28 August 2008

Recommended cash offer by Liverpool Victoria Friendly Society
The Board of Highway Insurance Group has announced today that it has reached agreement on
the terms of a recommended cash offer that is
to be made by Liverpool Victoria Friendly Society for the entire issued and to be issued share
capital of the Company. Under the terms of
the proposed offer, the shareholders of Highway Insurance Group will receive 73.35p per share
in cash as well as an interim dividend of
1.65p per share with respect to the six months ended 30 June 2008. Further details are set out
in a separate offer announcement that has
been released today.

Interim Results 2008

6 months ended 30 June 6 months Year ended
2008 ended 30 31 December
June
2007 2007
Gross written premiums £130.7m £131.2m £250.6m
Profit before tax £1.4m £11.8m £24.3m
Operating ratio 98.5% 100.9% 101.4%
Net investment return 0.4% 3.9% 7.9%
Retail broking revenues £12.0m £12.7m £25.6m
Net assets £98.0m £93.8m £102.7m
Investment funds £414.0m £416.0m £439.0m
Earnings per share (basic) 0.5p 4.1p 8.6p
Interim dividend 1.65p 1.65p N/A


Commenting on the results, Richard Gamble, Chairman said:

"Although the result for the six months ended 30 June 2008 is disappointing when compared
to previous years, we are pleased that our
investment managers have protected capital during what has been a period of extreme conditions
in financial markets in early 2008.

The improvement in underwriting conditions that accelerated in the second half of 2007 has
continued in 2008. Our underwriting and
distribution businesses remain well positioned to take advantage of the upturn and the Board
remains confident about the outlook for the
business. We are therefore paying an interim dividend of 1.65p per share, the same as last
year."
Posted at 27/8/2008 15:36 by wallywoo
Aslong as there is no further deteoration in the results (from the previous profit warning), I reckon we should sale up to 80p plus. I would be surprised if the talks are a fire sale (ie hwy are in trouble) but lets wait til tomorrow.
Posted at 27/8/2008 15:12 by abcd1234
HWY are reporting on the 28th August/tomorrow??
Posted at 27/8/2008 13:07 by alexisk
I agree, it would need to go for a lot more than the current share price (around 60p) in my opinion
Posted at 25/8/2008 12:39 by welsheagle
From August's 'Company Refs', when price was 50.5p:-
a/ Prospective PE ratio of 6.25 (based on three broker forecasts, two recommending 'buy', and one recommending 'hold').
b/ Positive cash flow per share of 13p per share.
c/ Net cash per share of 61.3p.
d/ Prospective dividend of 12%.
e/ Four directors buying recently.
Posted at 27/5/2008 12:59 by wallywoo
blue: the Level 2 order book looks incredibly thin, so I would be surprised if you manage to get many shares at this level. Does not mean that it won't fall futher mind, catching a falling knife here - alot of other investors prefer to wait until the share price starts recovering.

IMHO with this share though, if order book picks up and you are able to buy decent volume you cannot go wrong at this price
Posted at 22/1/2008 15:24 by bracke
For those who are interested in charts the long term one above appears to be culminating in a 'hinge' - lower highs and higher lows, which looks set to 'arrive' just about March in time for the results to influence a breakout either way. Moving sideways after the 'arrival' is a possibility but the chart shows little evidence that hwy share price moves in this manner.
Highway Insurance share price data is direct from the London Stock Exchange

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