Admiral Share Discussion Threads

[broadwood] 08/8/2007 09:17

Just tried to sell - won't take order.

[c3jns] 08/8/2007 09:14

Somethings up........

[sat69] 07/8/2007 21:18

Closed at 852p - doesn't look like we will be seeing below £8 again. I got out too early (as usual). Oh well, as they say, a profits a profit!

[sat69] 06/8/2007 09:57

As expected, swinging about wildly today.

[graham99114] 03/8/2007 22:56

after seeing the share price performance over the last week I'm more then happy to hold - even increase my holding - a couple of broker recommendations can only help to put a stop to the falling share price - more rises to come over the next week me thinks

[sat69] 03/8/2007 17:46

I'm expecting the trading next week to be in line with the general market sentiment. Large swings in the DOW/FTSE will probably have an equivalent effect in the ADM share price

[sat69] 02/8/2007 13:31

Couldn't resist the temptation to take profits. Sold out today at 830p. With broker upgrades over the past week, we should still head higher. It's just that the current volitility has persuaded me that it is equally possible we may see below £8 again - in which case, I'll be back!

sat

[sat69] 01/8/2007 17:51

Closed down 10p to 810p. Still nicely over £8. Not a bad performance since the ftse closed down 110 points.

[sat69] 31/7/2007 16:42

Closed up 7% to 820p. There you go C3! Looks like the next stop is 880p

[c3jns] 30/7/2007 16:41

Thanks.........

[sat69] 30/7/2007 16:36

Held up well today in a choppy market. Looks like we have hit the bottom - soon be over £8 again.

[nicksoj] 30/7/2007 15:20

The fact that the company has not given in to RNS posting whilst conceeding 40% value and with half yearly results coming up in 5-6 weeks time - IMO - This is a sign of yet another strong 6 months. Has this company ever produced anything other than forecast beating results? Looking forward to see how Spain has fared and if Germany will launch this autumn? Oh yes, and how much money Confused has made.

Now is the time to be in.

[c3jns] 30/7/2007 14:11

Have we bottomed? Any thoughts would be appreciated....

[w r] 30/7/2007 10:10

sat - do you still hold prty?

[sat69] 27/7/2007 17:21

A small recovery today in a falling market - always a good sign. Should be back to £8 next week.

[baughfell] 26/7/2007 22:59

This baby goes thru support like a knife through butter. Major support is at £5.50 - but is has to stop before then?!

c3jns, my advice is don't buy till there is a definate turnaround and then set a stop below the turn.

[slogsweep] 26/7/2007 08:16

This is oversold , but that does not mean it won't fall further . I see it as a buying op. but got in too soon topping up @ 870. I dont buy argument that floods could result in subtantially higher claims . Cars unlike houses can be moved to higher ground. Reduced traffic due to flooding could cut accidents. So expect effect negligible.

[c3jns] 25/7/2007 09:28

Any views on the bottom here.........

[baughfell] 24/7/2007 21:40

Yes, there seems to be quite a few outperform recommendations. I've been spreadbetting ADM both long and short but bought some for my ISA today and will probably get the opportunity to buy cheaper tomorrow. Looks a good medium term hold. However, the chart (from which i do all my short-term trading) looks bloody awful!

[nicksoj] 24/7/2007 20:49

Baughfell, more detail on that Barclays upgrade:

We have just upgraded car insurers Admiral back to Outperform. The shares have fallen more than 35% since mid-April, which should make this an excellent buying opportunity. Admiral has a simple but very strong business model, and leads the industry in several areas including its underwriting track record, flexible reinsurance agreements and low expense ratios.

The Cardiff-based company was founded in 1993 to sell insurance directly to customers (a relatively new idea at the time), particularly to those who then found it hard to get traditional insurance, such as younger drivers, city dwellers and performance-car owners. It now has a strong stable of brands including online insurers elephant.co.uk, Diamond (for female drivers) and confused.com, a 'one-stop shop' search engine for the cheapest car insurance deals, which trebled its profits to £23 million last year.

Admiral was one of the first car insurers to sell online (back in 1995), which gives it an advantage in this area. Competitors could close the gap in the coming years, but the increasing number of web shoppers should keep Admiral's internet sales ship-shape.

It has been a tough few years for the motor insurance industry, but Admiral has proved that it can deliver even at the bottom of the cycle, with compound annual growth of over 20% since the company was founded. We expect the underlying cycle to turn positive shortly – Admiral is highly geared to the health of the industry, and well-placed to benefit from any turnaround.

Admiral has low capital requirements, and pays out around 80% of its earnings as dividends – testament to its powerful cash-generating abilities. The shares could also benefit from international growth; the group currently has a seed operation in Spain, and more overseas ventures are expected.

We think Admiral shares are worth 1150p, over a third more than the current price. This is equivalent to 25 times prospective earnings, which may seem high, but we think this is justified. With its excellent growth record, high dividend payout and low risk of failure, Admiral should sail ahead in 2007.



However, fortune continues to favour the falling knife. But for how long...?

[liquidkid] 24/7/2007 12:37

I see lots of cars floating around car parks, is that claimable?

[nicksoj] 24/7/2007 10:58

Why not £6 ? This insco is a shorters dream !