||ORD 6.5P (DI)
||EPS - Basic
||Market Cap (m)
Hiscox Share Discussion Threads
Showing 126 to 149 of 150 messages
|Don't see that the IMS should be read so negatively.
Gross written premiums increased by 12% to £561.7 million (2014: £501.6 million) in the first quarter as the Group continues to find good opportunities for profitable growth.
"It's been an excellent start to the year, flattered by a good claims experience and favourable foreign exchange movements. While the market has been tough, with a reduction in pricing in the big ticket businesses, we have continued to grow in our specialty lines and expand our ILS business."|
|ganthorpe - just look at the same arguments here a year ago.|
|Are HSX pulling off a version of the three card trick?
They seem to be paying out 60p per share and consolidating with 88 shares for 100 now held.
Based on 1000 shares we get £600 cash capital return
and lose 120 shares worth £950, if the share price stays the same after the consolidation as HSX expect.
A similar thing seems to have happened last year.
What point have I missed?
|Good reaction to IMS today; breakout and new high|
|In fact price went up to 730p today, even better. That despite insurers getting hammered by the budget.|
|Thanks for that, deadly, I guessed it must need to; I had been making the assumption that, as with most of these consolidations/returns of capital, it had been calculated to resume on the same share price; not in this case, clearly.|
|You are missing the fact that after the ex-rights date the share price should increase to around 676p to reflect the increased value/share. The value/share will not drop, because there are fewer shares.|
|I'm completely bemused about the return of capital.
1000 shares at current share price = £6,520.
After consolidation/dividend = 890 shares @ 652p + dividend 1000 x 50p = £6,300
Surely the value must drop after 18 Mar, due to their use of the NTA as a basis for the consolidation, so why would a holder not sell now and buy after that date?
Or am I missing something???|
|It's fallen quite a bit since December, but the results were good and the return of capital is a bonus. So as always, good value here and nice quiet board.|
|One of Zak Mir's tips for 2014. http://bit.ly/19qBcsZ|
|Hope get a decent update on WedIve signed up to IC and articles on www.traderdiary.co.ukWorth it as it saves hunting for decent shares.I just research shares after reading article.|
|They may not handle their AGM well, but they are a fine business for generating shareholder value. Tremendous record.|
|The Hiscox AGM showed how shareholder democracy is being undermined and AGMs turned into an obsolescent tradition by some companies.
This was interesting in that the company held their AGM in Bermuda where they are now domiciled so there was a video link to a meeting room in London. You might think that would be a useful technique for other companies to adopt (for example those registered in Scotland who hold their AGMs in Edinburgh or Glasgow), but not when it is handled in the quite appalling manner as did Hiscox.
Questions from the audience were challenged as to validity, separate resolutions combined into one vote and there was a general rush to complete the meeting in record time.
See here for the full report if you are a ShareSoc Member:
Broker upgrade today|
The insurance market changed as a result of the spate of catastrophes this year and last. Insurers tend to rebound after one big hit, but rates rise as losses accumulate. That was the story insurer Hiscox was telling yesterday with its first-quarter results. Reinsurance rates are back up to last year's levels and higher in some cases. It expects widespread increases in June and July this year, with the potential for a 10% increase in US catastrophe insurance. Hiscox is expensive and insurance is not for the faint-hearted. That said, the company is well placed to take advantage of rising reinsurance rates. A cautious buy.|
|These things happen in insurance - no big deal. Still makes a good return.|
|Interesting - drops 3% because it's quantified the expected losses from a couple of events today.
These losses are within budget and, more significantly, will be replicated among much of the quoted sector, which hasn't budged.|
|Agree, strong possibility, xd 8.5p today.|
|Great year end results - this is a quality player heading for the FTSE 100 in the medium term.|
|Looks as if this could be breaking out here, added bonus no stamp duty to pay on this one.|
|They seem to be developing their retail brand quite strongly as well. Potential FTSE100 player in a few years time.|
|Agreed - for insurance, this is one inovative company fully focussed on bottom line. The seem to attract the best talent (on the ground spies have told me) from the relevant markets they work in...|
|Yes, I am. Bought a few today. Think Hiscox have lots of potential - one day I can see them being in the FTSE100. They seem to have the right attitude and a strong business model. Not cheap, but quality rarely is!|