Admiral Share Discussion Threads

[charlie9038] 07/5/2021 10:49

Good time to top up

[user859537] 06/5/2021 18:34

The xdividend drop today was 146 for a divi of 86p last time the drop was a max 112p for a higher dividend of 91.2p on 3/9/2020,on which day price moved back above the pre XD date price only 4 days later does not feel like it's going to be so quick this time round!

[2000max] 06/5/2021 08:25

Why the drop today?

[jonut] 30/4/2021 13:26

ADM proceeds £460m Shares out 297m £1+/share

[charlie9038] 30/4/2021 13:12

With the RNS today & div next week i'm in. Has to be a winner.

[rik shaw] 30/4/2021 12:22

Admiral Group plc announces completion of sale of Penguin Portals and Preminen comparison businesses to RVU Admiral Group plc (“Admiral̶1; or “the Group”) announces that, following regulatory and competition authority approvals, ZPG Comparison Services Holdings UK Limited (“RVU") has completed the purchase of Penguin Portals Group (“Penguin Portals”, comprising online comparison portals Confused.com, Rastreator.com and LeLynx.fr and the Group’s technology operation Admiral Technologies) and its 50% share of Preminen Price Comparison Holdings Limited (“PreminenR21;). MAPFRE has also sold its 25% holding in Rastreator and 50% holding in Preminen as part of the transaction. The total transaction value, including the amount attributable to MAPFRE, is £508 million, and has been satisfied in cash on completion. The proceeds to Admiral, net of minority interests and transaction costs, amounts to approximately £460 million. In light of the strong solvency and liquidity position of the Group, Admiral expects to return a majority of the net proceeds to shareholders, though will retain a portion to support investment in new business development over the coming years. Further details will be provided at the Group’s Interim Results in August 2021.

[charlie9038] 27/4/2021 14:27

Was going to top up for Div next week, however looking at the previous div dates there is the normal drop afterwards or is it evens?

[unastubbs] 24/3/2021 07:54

The only Welsh company in the FTSE100 - and that's a sosban fact! from Questor (Daily Telegraph today) Questor: buy this car insurer – its 5pc yield won’t stop it growing Questor share tip: this company seems to do everything right, from the way it funds its business to how it uses its data An entrepreneurial insurance company sounds like a contradiction in terms: we tend to expect our financial services firms to be predictable and staid. But the London stock market offers at least one exception. Admiral may now be a household name and have millions of customers, but it was founded just 30 years ago and retains the entrepreneurial spirit of its founders even though they have stepped back from running the company day to day. “It was started in 1991 by two guys who’d been to business school together,” said Simon Young, who has held the stock in his Axa Framlington UK Equity Income fund since he took it over in 2018 and in other funds before that. “But the new chief executive has also been there a long time and is cast in the same mould.” He said the business had innovated constantly over its three decades and remained ahead of its rivals. “It’s always been a low-cost operation,” Mr Young said. “The founders realised that people loved to be surprised by low prices and innovation. It very quickly started to cut out the middleman by selling its car cover directly over the internet – even in the early 2000s it did more than 60pc of its business online.” The most important thing for an insurance business is the underwriting: assessing the risk involved in each policy accurately and pricing it appropriately. Admiral got off to a good start by getting this right. “By great attention to detail the founders got to the point where they really understood underwriting. In particular, they realised that the more questions you asked, the better you priced your policies,” said Mr Young. “Other insurers have not really caught up. Some don’t have the analytics, the best-in-class underwriting discipline, and end up more with a boom-bust cycle in profitability. Admiral has been consistently profitable.” Next the firm’s bosses realised that they had a lot of data and thought: what can we do with it all? “So they started confused.com, the price comparison website,” the Axa fund manager said. But they also used their data to help the company diversify into other types of insurance. Now, in addition to almost 4.8m cars in Britain, Admiral insures 1.2m homes and 100,000 travellers. It has further broadened its offering into personal loans, for which it has 100,000 customers. Then, in Mr Young’s words, came the realisation that “people in Europe want the same things”. He said the insurer had suffered a “false start” in Germany but now had businesses in France, Italy and Spain, as well as America. All told it has about 7.5m policyholders. “Five years ago the firm was losing £5m a year in Europe but it now makes £100m, against £600m in Britain,” Mr Young said. “I think it’s at a tipping point on the Continent and the eventual prize could be multiples of the current figure.” He said the insurer had also adopted a clever way to fund its operations. “It’s good at getting third parties – ‘reinsurers217; – to provide the capital to back the policies it sells. In Britain it underwrites only about a quarter of its business itself but it still earns a commission on each policy as well as any income from add-ons. “Also, as an insurer you get paid up front when the policy starts. This cash, called the ‘float’, is about £4bn a year and, because it earns interest, Admiral will be a big beneficiary if interest rates rise.” He said that, as a result of this funding structure, the company made returns on its equity capital of more than 50pc. Using other people’s capital also allows you to pay most of your profits to shareholders as dividends – almost 90pc of profits in Admiral’s case, a very high figure. Normally keeping back so little to fund expansion might ring alarm bells, but Admiral’s model clearly works: since flotation its shares have achieved an annual total return of more than 22pc. “People ask: what is Admiral’s secret sauce? My answer is that it does many things better than anyone else in the market and doesn’t rest on its laurels. The direction of travel is right and I hope it will retain the nimbleness it had when it was a ‘challenger217; business,” Mr Young said. The 5pc yield (if we include the special dividend)is naturally attractive to income investors but those who want growth could do worse than simply reinvest the dividends. Questor says: buy

[ygor705] 06/3/2021 07:49

Somebody mopped up a lot of shares at the close on Friday. Nevertheless, a poor share price performance after excellent results but I've noticed that people are tending to take profits on shares which have benefited from the pandemic. Nothing wrong with the fundamentals here but I suspect that sentiment has moved towards recovery situations for the time being.

[xamf] 05/3/2021 16:40

Talk about sell on results. Balance sheet shows decent growth over the past five years. Bought in near close. Any views on todays movement from those more informed on this stock?

[topvest] 04/3/2021 19:44

Agreed. It's a class company. Probably the best company ever to come from Wales, unless anyone has anything better?

[ygor705] 04/3/2021 07:37

Good numbers from Admiral this morning with a 12% increase in the full year dividend. Has definitely been a beneficiary of the pandemic but is also a very well run company offering a good income stream.

[thewheeliedealer] 04/1/2021 23:33

Hi all, My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes ADM. We also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management. Anyway, if you use Youtube, Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 39) and you can find it on Soundcloud at the link below. I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !! Happy New Lockdown !! WD @wheeliedealer hTTps://soundcloud.com/user-479955511/conkers3-wheeliedealer-39-2064-profit-aph-clin-merc-pdd-axs-som-itm-adm-swg-vle-ai

[rik shaw] 29/12/2020 07:44

Admiral Group PLC Admiral Group Plc Announces Sale Of Penguin Portals And Preminen Comparison Businesses To Rvu hTTps://uk.advfn.com/stock-market/london/admiral-ADM/share-news/Admiral-Group-PLC-Admiral-Group-Plc-Announces-Sale/83986602 'The proceeds to Admiral, net of minority interests and transaction costs, will be around GBP450 million. As noted above, the final transaction value will depend on the completion date. In light of the strong solvency and liquidity position of the Group, Admiral expects to return a majority of the net proceeds to shareholders, though will retain a portion to support investment in new business development over the coming years.'

[trainsailing] 04/11/2020 13:03

Outstanding stock and has been for many many years. Quietly chugs along and the quiet BB is an additional positive so i'm gonna shut up now and finish my tea.

[imastu pidgitaswell] 28/10/2020 16:43

Carnage and wailing and gnashing of teeth all around. And then there's this - steady, growing, FTSE 100 dividend payer. And no comment since early September. You do wonder sometimes, you really do.

[ygor705] 09/9/2020 18:23

Bought some more of these just after they went xd. The solid yield will probably provide steady support as the year wears on and Covid continues to cause dividend uncertainty.

[undervaluedassets] 03/9/2020 08:23

XD today. Those looking for sustainable yield will surely end up here one would think Car insurance will continue to be paid COVID or no..

[thewheeliedealer] 17/8/2020 21:04

Hi all, My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion covers ADM. We also chatted about loads of other Stocks and we managed to include a lot of educational stuff in this one – things like how much Research you need to do and what to consider regarding Retirement. Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 29) and you can find it on Soundcloud at the link below. I hope you enjoy it and find it useful, Cheers, WD @wheeliedealer hTTps://soundcloud.com/user-479955511/conkers3-wheeliedealer-29-compounding-investing-winners-adm-loop-swg-boo-5g-loop-midw

[imastu pidgitaswell] 12/8/2020 13:49

Ah yes. That too... They're still that sort of 'storytelling' narrative in their blurb, as if writing for dramatic impact and reader engagement. Must be a Welsh thing... "A year ago I described our results as 'frankly a bit dull'. With the benefit of hindsight there's a lot to be said for 'dull' if the alternative is a global pandemic. "

[penycae] 12/8/2020 13:45

Welsh.....

[imastu pidgitaswell] 12/8/2020 08:32

Yes - not too many FTSE 100 businesses that are largely unaffected by the pandemic - just keeps on doing what it does, very well. Both an investor and a customer here. We're running at a rate of about 10 posts a year - think of the wasted effort on everything else that just goes down...

[ygor705] 12/8/2020 07:17

Some very good numbers from Admiral this morning with a big increase in the annual dividend and confirmation that the special dividend will be paid. Looks pretty good in comparison with many other announcements being made to the market of late.