Admiral Share Discussion Threads

[deanroberthunt] 11/11/2011 13:42

i'll be richer than Cruella de Ville, the bosses Missus

[deanroberthunt] 11/11/2011 13:42

I'll be alright anyway Was thx, shorting this down to 2p at £100 a pip

[deanroberthunt] 11/11/2011 13:41

Jon, it's worse than YELL....2p target

[was mejmillys] 11/11/2011 13:40

get some CAD this next week or so Deano, you'll be alright ;-)

[jon827] 11/11/2011 13:40

is it the next YELL?

[deanroberthunt] 11/11/2011 13:39

it'll be out of the ftse at the next review and all the funds will be forced to sell.....game over

[deanroberthunt] 11/11/2011 13:38

Jon,

opened 2 shorts mate, it's done for.

[deanroberthunt] 11/11/2011 13:38

Why Was? it's ex growth and profit warnings come in 3......and when they get the policy change through govenement, mostof their profits will be gone, then it's 200p at best

[deanroberthunt] 11/11/2011 13:37

another token gesture from the rich Directors and their wives....

[was mejmillys] 11/11/2011 13:36

I've gone long.

[jon827] 11/11/2011 13:36

Are you capitulating dean?

[deanroberthunt] 11/11/2011 13:33

every rise gets sold into, so no worries, just open up another short.

[deanroberthunt] 11/11/2011 13:27

that article from Was did it for me, looks like evryone thinks it's done for and are short, so can't beat em join em.

[deanroberthunt] 11/11/2011 13:25

that should give me 50 pips, but if its screwed then I might get it to 500p or less.

[deanroberthunt] 11/11/2011 13:23

looks like you're right and I'm wrong, so gone short.

[macau] 11/11/2011 13:21

hate to think what would happen when ftse has a down day!

[was mejmillys] 11/11/2011 13:20

They're that rich I don't think they care about trying to prop the price up!

price comparison sites must be burying them as well.

[deanroberthunt] 11/11/2011 13:17

Well, i'd question the sensibility of all the Director buying before this fall, at prices more than double this......cos if they couldn't see this profit fall coming, then they might aswell just get ernst and Young in.

[was mejmillys] 11/11/2011 13:09

deano:

Eamonn Flanagan, analyst at Shore capital said Admiral would have to present the market with new ideas to increase share price.
"The conference call at 8am did not do any good whatsoever so unless they regroup and hit the market with new stuff, it probably will not allay the fears of the market.
"It's starting to unravel," he explained. "We had the first incline of this in August when Admiral suggested it was receiving some experience of personal injury bodily claims and an increase in new personal injury claims coming through and that has caused the share price issue.
"It has had to make a profit warning and that indicates its profit expectation was £325m before today and that has come down closer to £290m. It's way below what the market was expecting.
"When the stock is that rated at a premium in the London Stock Exchange, it's vulnerable to these hiccups. The market will be genuinely concerned about the whole black book of Admiral and whether it has got its reserves right. "We have entered this dangerous downgrade cycle so when an insurer's premium rating is downgraded, it causes a problem for the stock market on how to value it."
Kevin Ryan, analyst at Investec Securities said: "Admiral needs to address what is going on with claims and if they do that then their shares will either steady or if they don't, they will go down further.
"Admiral has effectively given us a profit warning. It said it was better a underwriting than the rest of the market and now it turns out that is not the case. In March, it said it had not a bodily injury shock and today it is saying it has. It does not look great. It is the shock of that."
Ryan told Post reinsurers such as Hannover Re, Swiss Re and Munich Re would be concerned about the profit commission.
"It has never been revealed how the profit commission is calculated but the key thing is the claw back of profit commission and how that profit commission will be affected going forward."

[deanroberthunt] 11/11/2011 12:58

Engelhart should take it private for 1000p

[deanroberthunt] 11/11/2011 12:57

only 10% growth when the country is 0.2% at best....lol