Admiral Share Discussion Threads

[wish i wasnt in rbs] 20/11/2024 15:57

Thank the Brexiteers for destroying the UK as an investable market. Majority of wealth is based in the USA and they don't see the UK as good choice right now.

[pander45] 20/11/2024 12:26

I agree the market is very disjointed, almost nonsensical.

[louis brandeis] 20/11/2024 12:22

I'm down circa 16% on this and it isn't the only share with similar % falls.

I find stock markets, economics and politics incredibly tiring ATM.

[pander45] 20/11/2024 12:17

It's ludicrous. This company is as solid as it gets. Someone is making a fortune on a short here.

[m w] 20/11/2024 10:28

Why is this still falling any ideas

[pander45] 31/10/2024 13:38

Ridiculous falls

[undervaluedassets] 27/9/2024 15:26

Considering the amazing recent results the retrace is looking somewhat overdone.

I think the market will work this one out.

[pj84] 26/9/2024 08:04

"Admiral underscoring its superiority

Admiral (ADM) is ‘excelling’ in delivering consistent returns through different market cycles, says BlackRock’s Adam Avigdori.

He holds the Citywire Elite Companies + rated insurer in his £225m BlackRock Income & Growth (BRIG) investment trust.

In his latest fund update, Avigdori – who runs the trust with David Goldman – said the group reported strong results, ‘once again underscoring the quality of the organisation and its consistent performance’.

‘Despite offering a homogeneous product, we believe Admiral continues to excel in understanding market cycles and delivering consistently superior returns compared to its peers,’ he said.

The group reported 15% year-on-year growth in UK motor policies, as the largest player, while the claims combined ratio continues to decline, which Avigdori said ‘is particularly impressive.’

‘The insurer’s conservative approach to loss ratios and reserve ratios is expected to result in a healthy release of reserves in the future, thereby supporting profitability,’ he said.

The shares gained 0.4% to £27.86 on Wednesday, extending gains to 16% over the last 12 months."

[undervaluedassets] 21/8/2024 21:23

There is a bit of a gap fill going on .. hence the retrace..

Once that is done there will be a charge.

Results were just too good + increasing its share of the Uk insurance market.

[portside1] 20/8/2024 14:09

Now looking to buy around 40k

[roguetraderuk] 16/8/2024 06:57

about 15% abv the 200dma. if you take out the post covid run where everything was overpriced due to excess funds, then its not often that the shares were 15% abv the big average. id say they are fully priced here.

[greengold58] 16/8/2024 00:06

Yes, they know how to make money.By ripping people off. Massively selfish company who don't care about other humans as long as they make money.They have some great staff but they are unfortunately governed by people who have no consideration for lesser mortals.Buy their shares but beware if you are a customer.

[martinmc123] 15/8/2024 14:05

Admiral Group plc posted bumper HY results this morning with strong growth in its UK motor insurance business and increased profits for the first half of 2024. There was a 12% increase to 10.53 million Group customers at 30 June 2024, Group turnover was 43% higher to £3.21b. Group pre-tax profits were up 32% to £310 million, while H1 EPS was up 35% to 77.5 pence. The board announced an interim dividend of 71p which was 39% higher than the interim 2023 dividend. Valuation is expensive looking, but the share price has positive momentum and has broken higher to new 2 ½ year highs. BUY...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/ADM/848

[bountyhunter] 15/8/2024 06:41

Strong results with revenue up 43% and profits up by 35%.

Dividend
The Board has declared an interim dividend of 71.0 pence per share (2023 interim: 51.0 pence per share) representing a normal dividend (65% of post-tax profits) of 51.3 pence per share and a special dividend of 19.7 pence per share. The interim dividend will be paid on 4 October 2024. The ex-dividend date is 5 September 2024 and the record date is 6 September 2024.

[skyship] 29/7/2024 10:43

Ennismore Fund Management make ADM a strong BUY - see the June newsletter of the Global Equity Fund:



Decided to join in, so bought a few at 2666p early this morning.

[zam1] 26/6/2024 10:21

Does any one else another bank recommend?Looks like it is the same bank all the time.

[pj84] 26/6/2024 08:58

Berenberg now buying ‘wonderful’ Admiral

Analyst Thomas Bateman increased his rating from ‘hold’ to ‘buy’ and raised the target price from £29.73 to £31.27 ....

‘The stock now looks cheap again,’ he said. ‘Admiral is trading towards the bottom end of its price-to-earnings range and we think there is scope for further earnings-per-share upgrades, in particular because we feel the price increases are still not appropriately reflected in consensus estimates for 2024 – we are 20% ahead of consensus earnings per share for full-year 2024.’

[omron] 10/4/2024 11:03

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.

[undervaluedassets] 19/3/2024 13:22

Well Sabre had results today..

And they were great.

Bodes well.

[pj84] 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.

[fenners66] 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 ?