Admiral Share Discussion Threads

[phatfinga] 31/8/2010 07:35

We don't do toppy at Admiral mate....just good value!
Good luck with our short. May payoff in the short term, but longterm we're in a great postition to continue to increase.

[tweeeek] 26/8/2010 16:56

This has done remarkably well over the past few months, but looking rather toppy to me know so am considering taking up a nice short postion in the coming days.

[phatfinga] 26/8/2010 10:41

The Admiral goes from strength to strength.....great company to invest in....great company to work for. ;-)

[phatwallet] 21/7/2010 14:06

"When Admiral Group floated on the London Stock Exchange at 275p in September 2004, its super-rich Chicago-born boss Henry Engelhardt, whose 15pc stake is now worth around £568m, said: 'Do one thing well and it's a blessing. Do more than one thing and it's a step too far.'
That was in response to City questions as to why the group would be concentrating solely on motor insurance.

Analysts were fearful it was spreading itself too thin, but driven by its thriving online business, which includes elephant.co.uk and comparison website confused.com, Admiral has come on leaps and bounds, along with its share price.
Setting sail: Admiral is set to expand into other insurance markets
So much so that Engelhardt is now said to be at last considering gearing up and will provide customers with household insurance possibly later this year or early next. The speculation helped the shares climb 16p to 1425p.

Analyst James Shuck at broker Jefferies believes the market has yet to grasp that Admiral's potential lies in so much more than simply car insurance.
The same can be said for Confused, since this can develop into much more of a lifestyle brand than is currently the case. He lifted his target price to 1633p from 1439p ahead of next week's interims."

[enami] 09/3/2010 12:44

Date Broker name New Price Old price target New price target Broker change 09-Mar-10 UBS Buy 0.000p 1,339.00p 1,387.00p Reiteration

[enami] 04/3/2010 10:43

BROKER CALL: Admiral downgraded by Citi
4 March, 2010 07:40:20 AM

Broker says the results put paid to the bear grumbles about the stock, but the prospects are captured in the stock. Moves price target up 150p to 1250p a share but goes to hold from buy. Broker adds: 'The positives to the Admiral story are intact, with some "bear"
concerns well addressed with results. That said, given the extent of share price outperformance vs peers over the last year, it is hard to argue that this is not largely
captured in the share price, and we remain reluctant to put a price on the overseas
operations at this stage.'

[enami] 04/3/2010 10:39

BROKER CALL:Morgan Stanley downgrades Admiral
4 March, 2010 07:45:54 AM

Morgan Stanley has cut its rating in the insurance group to Equal-Weight from Overweight though raised its price target to 1411p from 1344p believing the shares fairly reflect its thesis of near-term risks with longer term opportunities. The broker added that pricing improvements in the UK are prvig sluggish, and mangement was also unwilling to provide any material comfort over the risk of losing ancillary income as a result of recommendations from the Jackson Report.

[enami] 03/3/2010 09:56

BROKER CALL: Admiral downgraded by Merrill
3 March, 2010 07:03:51 AM

Broker goes to neutral from buy with a 1200p a share price target. Broker says: 'We continue to like Admiral's fundamentals - it remains one of the few organically growing names in insurance with a clear, defensible competitive advantage in the form of its direct distribution business model. Admiral trades at a deserved premium to the wider insurance. However, since July 2009, the stock has performed exceptionally well, rising nearly 40%. As a result, the shares are trading at 18.1x 2010e earnings.'

[arja] 02/3/2010 15:41

charlotte,
I guess it is a conservative strategy as results are rarely much better than expected . chart still looks good and ADM likely to bounce back .

[charlotteandcressida] 02/3/2010 10:47

Thanks Arja, good advice the dilemma is that if the results had been way better and I had sold the day before I would be playing catch up just to get back to my original holding. Still you pays your money and takes your chance, as Phunky Prophet says the dividend will get people back on board...

[phunky prophet] 02/3/2010 10:34

It'll probably climb again as people get onboard for the divi.

[arja] 02/3/2010 10:20

quite normal. A stock goes up steadily ahead of results announcement and ,unless profit is way above expectations, a sell off is likely . so never if ever hold on day of results if you have a nice paper profit . I wish I followed my own advice !

[phunky prophet] 01/3/2010 12:44

Yup. As I've posted previously, I work for Admiral and the results are expected to be very good from what I gather.



"Admiral took on 0.9 per cent to £12.10 after Redburn Partners started coverage of the car insurer with a "buy" rating and £14.92 target price."

[enami] 01/3/2010 10:57

Results tomorrow, at ATH now.

[phunky prophet] 17/2/2010 15:25

MIDAS UPDATE Amlin and Admiral ride the crest of a wave

The financial reporting season has begun. Over the next few weeks, hundreds of companies will be reporting their 2009 figures, giving shareholders some guidance about how they will perform in the current year.

Two of those businesses are Amlin, reporting on March 1, and Admiral, on March 2.

Midas recommended Amlin almost a year ago when the shares were 343p, and Admiral just over a year ago at 891p.

Both are in the insurance sector but Admiral focuses on direct motor insurance, largely in Britain, and Amlin works within Lloyd's of London, insuring businesses all over the world.

Both companies have done well over the past year, benefiting from an environment where the cost of insurance is rising. Brokers expect Admiral to deliver profits of £214m for 2009, up five per cent from 2008, increasing to more than £250m in 2010.

Admiral pays a generous dividend too, with the 2009 payout forecast at 56p, rising to 63p for 2010.

Amlin's profits are expected to surge from £122m in 2008 to £337m for the year just ended, rising to £354m in 2010. The dividend is forecast to rise from 17p in 2008 to 18.7p in 2009 and 20.4p for 2010.

• Midas verdict: Conditions in the insurance industry are extremely robust, not for the buyers of insurance, but for the sellers. Amlin shares have risen 14% over the past year to 391½p, while Admiral has surged 31% to 1163p.

Keep a close eye on these companies in the run-up to their results and immediately after.

The shares should remain firm over the next few months and dividend payments are healthy, but insurance is a cyclical business. During economic downturns, claims rise and premiums follow suit. As conditions improve, premiums fall and insurers' profits can come under pressure. It may be wise to sell a chunk of stock - say 30% - in the spring to stay ahead of the game.

[enami] 16/2/2010 16:30

Went up anyway, a new ATH and 2 broker upgrades this month.

Broker recommendation full details
Date: 4 February, 2010
Broker: UBS
Company: Admiral Group

Recommendation:
Starts with Buy - price target 1,339p


Broker recommendation full details
Date: 16 February, 2010
Broker: Jefferies
Company: Admiral Group

Recommendation:
Starts with Buy - price target 1,355p

[phatprofit] 22/1/2010 15:26

Failed @ 1180 countless times.

The only way is down.



P

[phatprofit] 04/1/2010 16:22

uva - berkshire's decision to buy out geico was founded on the ability to leverage the cash flow for trading opps. reasons rather than the 'admiration' of continued growth. With this tinkering near all time highs and a full possibility of new highs being created in the next few weeks, i would be careful of building a position at such levels. Though i can see this challenging £14 soon, i can also see that the PE cannot be sustained and a massive drop is due, perhaps mid-year to end year.

Sell above £12

36 month target - £4


P

[undervaluedassets] 22/11/2009 17:26

I think this is seen as reliable and therefore "boring"

IMHO reliable and boring companies being sold off to buy exciting gold and silver mining companies (which will tank eventually)

Good opp being afforded here for those who want to get into a great company at a cheap price - this lot will be churning out megacash years into the future long after gold has lost its lustre - car insurance is mandatory- we have to have it - year after year after year.

For decades Warren Buffet's favorite stock of all time was Geico - a car insurance company; In the end he bought geico outright he liked it that much. He liked it for its cash flow and its float. And Admiral is a similiar story in many ways.
.
Might be worth waiting a little longer as is not really cheap yet (pe 18ish) but then again you have to pay for quality and this is quality so if you buy now I doubt you will be disappointed 5 -10 years down the track. and you will probably have garnered 200-300p in divs along the way as well.

[guru167] 20/10/2009 07:52

ADMIRAL GROUP – We are retaining our outperform recommendation on Admiral, with a fair value of 1450p....Roll on..

[erdingtonian] 06/10/2009 10:31

27.7p divi tomorrow; Yum!