THB Group Share Discussion Threads

[davidmoran] 15/12/2003 20:11

I thought an anticipated drop in profits would make little difference, so why so many over-react?

The company seems to have taken it in their stide with the chairman stating last Friday...

* Profit before tax #1.05 million (2002: #1.64 million) on turnover of
#13.76 million (2002: #10.54 million) reflects:

- changes in the mix of the North American business, from
open market to binding authorities, further accentuating the second
half bias;

- loss of US open market terrorism business and continued
decline of the US dollar, slowing growth in the North American
division, which nonetheless achieved budget;

- higher E&O insurance costs (despite no claims);

- growing competition in the motor fleet sector; and

- satisfactory performances from THB Clowes provincial
broking operations and British Equestrian, but poor trading in two
other provincial businesses.

* Acquisition of a North American team from Alexander Forbes fully
integrated into North American division and trading profitably.


* Acquisition of Rarrigini & Rosso Group completed - trading below
expectations to date and likely for the balance of the current year.
However, long term prospects still remain very positive.

Do people not read the item as the truth? If not what am I missing?

[morose] 29/11/2003 15:18

It'll take me an age to cover the 4p spread - as a recent buyer I'm still losing.

[stevemarkus] 28/11/2003 18:31

Isn't it, but I am happily still up (a little) on my buy. I don't mind having the odd share like this that compensates for the volatility of some of the others in my portfolio.

[morose] 28/11/2003 17:02

What a boring share this is

[morose] 28/10/2003 13:21

Read somewhere it was the AGM yesterday.No RNS or other news.

[stevemarkus] 25/9/2003 00:52

Yes, I managed quite happily through Schwab. Nice to see a small tickup today.

[hawkeye] 19/9/2003 18:04

Grovenor, THB was also a tip in Redsky Research's AIM & OFEX newsletter last Friday. Bought without any problem through iDealing.com

[grosvenor] 19/9/2003 09:41

Tip in todays IC - but cannot buy this through my regular broker - any one know why?