Novae Share Discussion Threads

[brancho] 16/12/2015 22:53

when it holds above 900 at close we have break out to the next level. Next stop 1050/1100

[hawaly] 16/12/2015 18:19

On the cusp.....

[tintin82] 01/12/2015 10:57

Time to wake this thread from it's slumber!

So JPM and Blackrock taking positions within a few days. I wonder what is behind this? Rumors on the street? Takeover coming?!

[spob] 09/9/2015 09:38

hmmm 5 to 9 pounds in 12m

not for me right now

maybe after we get the big one in California

[rickyvader] 08/9/2015 11:47

That sounds feasible for the ex AML but hopefully there is a takeover brewing!

[shauney2] 08/9/2015 11:03

Never got around to buying AML.But i hold here and in LRE.

I would guess some ex AML holders will invest their proceeds here.

[tintin82] 08/9/2015 10:45

Amlin takeover. NVA next?

[rickyvader] 08/9/2015 10:16

What's the news with the rise today

[tintin82] 08/9/2015 08:12

Good run something to do with the Amlin news?

[tintin82] 03/9/2015 11:37

Big jumps, and again the rise on ex div is a sure sign of the quality. The takeover potential is too great for my selling, can see this going further imo

[ganthorpe] 03/9/2015 10:50

NVA seems to have gone ex div 7.25P without a pause. It is up from 700p in mid July to about 870p now.That's quite a rise in current markets.
I don't think that the interim figures would justify that.
But not for selling?

[shauney2] 02/9/2015 21:25

Ex divi tonight so lets see.

[janeann] 02/9/2015 21:12

just how far can this go?

[hawaly] 01/9/2015 18:54

Yes a bright star in a galaxy of black holes..........

[tintin82] 01/9/2015 15:24

Markets in turmoil, yet NVA hitting new highs all the time . Speaks volumes of the quality here.

[janeann] 20/8/2015 16:58

well rightly or wrongly have sold a third of mine today. Surprised this has climbed so far so quickly and given the general market malaise decided to take some profit. And in just the last year it has moved from around 5.20 - now 8.30!

[tintin82] 18/8/2015 19:03

Sure is. Someone building a position before a bid? Who knows, but I wouldn't be surprised in the least. If there was ever a target, NVA.

[janeann] 18/8/2015 16:23

stellar performance again today.

[janeann] 07/8/2015 18:25

double post

[janeann] 07/8/2015 18:25

well if that is the case I hope it is a good one!

[plootocrat] 07/8/2015 12:00

Looks more like a bid is anticipated than delayed reaction to results.

[janeann] 07/8/2015 09:18

into new territory now - a delayed response to the results perhaps?

[it_trader] 05/8/2015 08:11

Not even a flutter. Crazy market.

[janeann] 05/8/2015 07:18

looks fairly solid to me:

Novae Group plc ("Novae" or "the Group"), the specialist insurance group,
today announces its interim results for the six months ended 30 June
2015.


-- Gross written premium of GBP463.1 million (H1 2014: GBP362.6 million)

- 7.7% like for like growth from existing units at constant rates of
exchange

- 13.0% growth from investment in new underwriting teams


-- Claims ratio improved to 47.8% (H1 2014: 48.9%)


- Attritional loss ratio of 51.1% (H1 2014: 51.0%)


-- Combined ratio improved to 89.8% (H1 2014: 91.8%)

-- Underwriting contribution increased by 57.6% to GBP27.9 million (H1 2014:
GBP17.7 million)

-- Net investment income of GBP3.8 million (H1 2014: GBP7.4 million)

-- Profit before tax and foreign exchange of GBP29.0 million (H1 2014:
GBP22.6 million)

-- Weighted average rates on renewal premium reduced by 3.3%

-- Interim dividend up 10.6% to 7.3p per share (H1 2014: 6.6p per share)


Matthew Fosh, Group Chief Executive, today said:

"Novae has achieved a strong performance in the first half of 2015.
Investment in underwriting has produced disciplined growth in targeted
classes, delivering a record underwriting contribution.

Novae's agility and expertise, together with ongoing improvements to the
business, enables us to find and exploit good opportunities in a
challenging market."

[tintin82] 17/7/2015 13:59

Strong run pre results, possibly breaking new highs? Should be interesting.