Admiral Share Discussion Threads

[godel] 09/6/2007 10:55

Missed the low on Friday ... pesky work getting in the way of my trading.

Will be dipping my toe again on Monday though ... how to get another load of these as low as I can.

Happy Trading!

{;-)

[graham99114] 08/6/2007 22:22

wouldnt like to be holding a short position with ADM at the moment

[nicksoj] 08/6/2007 14:01

Agreed graham,

filled my boots this am too. Well done to all those shorters out there though !
Should get some confused news next week ??

[graham99114] 08/6/2007 13:44

sure was a bargain nicksoj - dipped my toe in this morn @ 9.05 - already in profit

Its hit the bottom of the trading range - time now to recover some of the recent losses

[baughfell] 08/6/2007 10:18

Getting very close to my £9 target but this is looking so weak I may hang in there.

If £8.80 breaks this will fall below £8 imo

Is anyone else short?

[nicksoj] 07/6/2007 13:12

@ this share price its turning into a real bargain.

[nicksoj] 07/6/2007 13:12

@ this share price its turning into a real bargain.

[baughfell] 07/6/2007 11:32

Doubled up on the bounce at £9.50

[baughfell] 06/6/2007 15:44

Looks like support has given way - shorting big time!

Target £9

[l3gend] 06/6/2007 15:35

why so weak?

[m.t.glass] 03/6/2007 23:08

attaboy 'ennery. You tell 'em!

[l3gend] 03/6/2007 22:23

any news on confused

[l3gend] 02/6/2007 19:43

anyone think confused.com will be sold or retained?

[m.t.glass] 01/6/2007 08:14

Admiral wins 'great place to work' award

Jun 1 2007
by Sion Barry, Western Mail


INSURANCE group Admiral Group has won a top award from the Great Place to Work Institute of Europe for being the best company for camaraderie.

Admiral, which has been named as one of the 100 best workplaces in Europe for the past five years, won the special camaraderie award in recognition of its fun culture at this year's awards in Dublin.

It beat two other shortlisted companies for the award, ConSol Software from Germany and Management Events from Finland.

London Stock Market-listed Admiral, which employs more than 2,000 people in Cardiff and Swansea, encourages its employees to have fun in the workplace and even has a Ministry of Fun to organise events. It has a philosophy that if people enjoy what they do, they will do it better.

More than 1,000 companies from across Europe participated in this year's competition.

Admiral people services manager Jackie Miles said, "As we have grown over the years we have managed to keep the culture and atmosphere of a much smaller company, so people feel part of the family."

[m.t.glass] 29/5/2007 09:32

Independent on Sunday
MARKET WHISPERS: Admiral (confused.com would be an easily digestible morsel for
the likes of Tesco or Royal Bank of Scotland, which are both said to be
interested in making a splash in the price comparison sector)

[m.t.glass] 25/5/2007 10:05

and moments later..


" However, Admiral said retention of the unit, or a partial or full disposal,
are all under consideration."

[m.t.glass] 25/5/2007 10:04

Update:

(Adds company reaction, analyst comment, clarifies source of report)
LONDON (Thomson Financial) - UK motor insurer Admiral Group PLC is in talks
to sell its price comparison website confused.com for up to 700 mln stg after
receiving several approaches, the Daily Telegraph reported, citing sources
familiar with the matter.
Admiral has appointed investment bank Merrill Lynch to advise on a strategic
review of the site, which could lead to a sale or demerger, the paper wrote.
It claimed a sale process is underway with a select group of bidders, one of
which is thought to be Barry Diller's InterActiveCorporation.
Admiral declined to comment.
Confused.com, which allows customers to compare price quotes from a range of
insurers, has become one of the company's principal growth drivers. In 2006, the
website's pretax profit almost trebled to 23 mln stg, while group profit rose
23.2 pct to 147.3 mln stg.
Analysts said a disposal would be well-timed in view of mounting competitive
pressure in the market for online price comparison services.
"A sale at this stage may be a smart move for Admiral given that the online
quote comparison industry is likely to become more competitive going forward,"
analysts at Numis Securities, who have a "buy" stance on Admiral shares, wrote
in a note.
"In addition, distancing itself from confused.com would enable management to
focus all efforts on the core underwriting business durign the next upturn in
the cycle."
The analysts added the reported price of 700 mln stg is ahead of their own
440 mln stg estimate of Confused's value.
By 9.37 am, Admiral shares were up 0.4 pct at 982 pence, valuing the company
at about 2.6 bln stg.
[e-mail]
ab/jfr/mn/jr

[poppa07] 25/5/2007 09:35

Admiral are going to put out a statment confirming an approach has been made....you heared it here first!

[poppa07] 25/5/2007 07:51

Shows what I know! Looks like we're selling our price comparison arm...CONFUSED.COM.

[poppa07] 23/5/2007 12:58

We've heard nothing, and the management don't seem unduly preoccupied...then again, you never know!

[m.t.glass] 23/5/2007 07:55

And a slight variation of same rumour in today's Independent

"..The rumour of the day in the mid-caps surrounded the insurer Admiral Group, 14p better at 991p. The word doing the rounds is that the long-awaited consolidation of the sector could begin with Admiral and that a bid could value the shares at up to 1,200p each..."

All sounds a bit phoney, but ya never know.

[nicksoj] 23/5/2007 07:25

Monday's ft.com ?:

"Traders kept a close watch on Admiral, the motor insurer. Although its shares eased 0.6 per cent to 977p, the talk in the market late Monday was of a rival preparing a £12.50-a-share takeover approach".