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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Admiral Group Plc | LSE:ADM | London | Ordinary Share | GB00B02J6398 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-4.00 | -0.15% | 2,706.00 | 2,705.00 | 2,707.00 | 2,711.00 | 2,688.00 | 2,706.00 | 103,712 | 12:24:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Ins Agents,brokers & Service | 742.2M | 338M | 1.1146 | 24.26 | 8.2B |
Date | Subject | Author | Discuss |
---|---|---|---|
10/4/2024 12:03 | As a long term customer of Admiral I have spotted a couple of issues with their business model that would worry me as an investor. Their systems take more than a week to pick up new cars registered with the DVLA - which is longer than other insurers. I have found that I can't add my new car to my existing multi car policy as they don't recognise the car as registered and so I may take all of the cars to another insurer. Also having their call centre manned in India may save some money but unfortunately the call handlers are not given any autonomy and so can't help when an issue arises. Shame as Admiral have been good value as an insurer but too frustrated to continue with them. | omron | |
19/3/2024 13:22 | Well Sabre had results today.. And they were great. Bodes well. | undervaluedassets | |
12/3/2024 13:51 | Berenberg: Admiral leads insurers on price rises Profits are ‘primed to soar’ at Admiral (ADM) as the insurer cuts prices and grows market share, says Berenberg. Analyst Thomas Bateman retained his ‘hold’ recommendation and increased the target price from £29.61 to £29.73 on the Citywire Elite Companies A-rated stock, which advanced 4.9%, or 125p, to £26.98 on Monday. Although the share price reaction to annual results last Thursday was muted, there ‘were plenty of reasons to be very optimistic about the outlook and we are raising estimates strongly in 2024 and 2025, up by 38% and 27% respectively’, said Bateman. ‘We believe the hesitancy of investors to keep buying Admiral is driven by a nervousness that UK motor insurance prices will fall,’ he added. Bateman agreed this was a risk but said the market ‘did not fully appreciate how far ahead in pricing Admiral is versus the rest of the market’. ‘Admiral raised prices by 37% in full-year 2023, well ahead of the market average 25%, and this gives Admiral scope to cut prices a little, while maintaining excellent margins and growing market share,’ he said. | pj84 | |
28/2/2024 12:24 | I found it, its a Bloomberg suggestion that Direct Line rejected a bid from Ageas recently - so either a second choice target or just a reflection that Insurance is undervalued, but Aviva has not risen. | fenners66 | |
28/2/2024 12:14 | An 80p spike straight up , fat finger or some rumour ? | fenners66 | |
11/1/2024 19:58 | Yes, you only have to look at credit card interest rates even when the base rate was at historic lows or store cards etc. | pj84 | |
11/1/2024 17:37 | Yes could be related to APR rates for installments but given the lack of specifics the reaction here seems to be overdone. High APR rates are the norm more often than not for installment payments for many consumer products not just insurance. | bountyhunter | |
11/1/2024 09:39 | They do, at a price. I'm guessing the issue is with the apparent APR for paying by installments. Which will affect those who can least afford it the most. As city1911 says, the performancen of policies paid by installments is probably worse, not neccessarily due to fraudsters but from people having claims in the early months then not paying the remaining installments. It's also those with the higher premiums (and hence probably higher risk) who are liley to pay by installments. | ldavis | |
11/1/2024 09:35 | However what is wrong that customers who are eligible pay the same APR rate for instalments regardless of their credit rating | city1911 | |
11/1/2024 09:20 | Not sure what your point is? Not everyone can afford to pay in one lump sum. My point was that policies paid by instalments generally perform worse. Some customers purposely pay in instalments if eligible knowing the repercussions of being fraudulent if they pay in one lump sum | city1911 | |
10/1/2024 18:54 | Most insurers would allow both payment methods surely. | bountyhunter | |
10/1/2024 18:33 | I would argue that policies paid by instalments perform worse than policies paid in one lump sum.Fraudsters for example generally pay by instalments knowing that if they have a claim rejected for fraud they do not have to pay any further instalments and just get the policy cancelled. They then move onto the next insurer and try do the same | city1911 | |
10/1/2024 17:32 | Seems a bit of an overreaction to me. | bountyhunter | |
10/1/2024 12:31 | legal, regulated loan sharks 'outliers' is also the term used by Govt Cert Statisticians to remove any result that is at variance with their personal and political views after a survey conducted to agreed, acceptable standards of honesty | ccnp | |
10/1/2024 12:27 | Found it, not that I understand the potential implications.. premium finance outliers? | bountyhunter | |
10/1/2024 12:21 | Interview with the FCA in the insurance post regarding premium finance. Has effected all insurance stocks | city1911 | |
10/1/2024 11:19 | What's spooked this today? | bountyhunter | |
22/12/2023 10:37 | That makes a lot of sense, a downgrade raising their target price! These analysts make me laugh. I guess they could see that their previous target of £25.43 is already looking ridiculous. | bountyhunter | |
22/12/2023 09:50 | Strangely Berenberg downgrades Admiral from buy to hold on concerns about it's complex accounting and already high valuation whilst at the same time increasing it's share price target from £25.43 to £29.61. | pj84 | |
14/12/2023 17:55 | A bit of a damp squib today in a bouyant market. Never mind I've got post #1000, it must be my lucky day! ;-) | bountyhunter | |
16/8/2023 10:09 | Too early to judge, I feel. Give it a while... | glavey | |
16/8/2023 09:12 | Yes, e.g. customer numbers up :) | bountyhunter | |
16/8/2023 09:08 | Profits down 5% and divi down 15%, but other metrics up. Obviously better than market expectations which must have been low. | deadly | |
16/8/2023 07:52 | Results not bad? Interim dividend of 51.0 pence per share representing a normal dividend (65% of post-tax profits) of 38.0 pence per share and a special dividend of 13.0 pence per share. The interim dividend will be paid on 6 October 2023. The ex-dividend date is 7 September 2023 and the record date is 8 September 2023. | bountyhunter |
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