Admiral Share Discussion Threads

[m.t.glass] 19/1/2007 16:38

Announced 1 minute after market closed:

The Company on 19th January 2007 received notification that as at 16th January
2007 the College Retirement Equities Fund (CREF) had increased its notifiable
interest in the Company from 3.03% to 4.07% of the 0.1p Ordinary Shares. This
represents an increase of 2,727,420 shares since the last notification filed on
19th December 2006. The 10,637,759 shares are held by CREF Global Equities
Account and Stock Account.

[m.t.glass] 18/1/2007 18:27

Ta. I presume the 2006-2007 quote is new though.
So it's pretty well all new really ;o)

[poppa07] 18/1/2007 17:55

The Friary House and Swansea parts are new, bu the quote from Huw isn't.

[m.t.glass] 18/1/2007 14:51

Eh? is the whole story out of date (ie the expanded floor space) or just the quote?

[poppa07] 18/1/2007 12:25

I just spoke to Huw...I sit opposite him (name dropping???).
He said his quote was 2 years old!
Talk about lazy journalism.

Still, the rest of the article is pretty accurate.

[m.t.glass] 17/1/2007 10:42

...."In Swansea the development at SA1 has been able to support aggressive growth and these new acquisitions in Capital Tower and Friary House will ensure that continues. 2006 was an exceptional year for growth and improvement in the Admiral Group and we are confident we will see that continue into 2007."


Not picked up yet in the national press, but sure to appear in trade journals towards the weekend.

[m.t.glass] 17/1/2007 08:04

Local news..



Admiral expands to grow faster
Jan 17 2007

Sion Barry, Western Mail


MOTOR insurance group Admiral has taken additional space at its two office locations in Cardiff.

The London Stock Exchange listed company will expand its office by a further 10,000 sq ft at Friary House on Greyfriars Road in the centre of the capital, as well taking an additional 3,200 sq ft on the first floor of nearby Capital Tower - the tallest office block in Wales at 80 metres high.

Admiral recently also expanded in Swansea taking the new 68,000 sq ft Cyprium Building at SA1 waterfront regeneration project from developers Terrace Hill in conjunction with the Welsh Assembly Government.

Huw Llewellyn, group facilities manager of Admiral Group, said, "This expansion is necessary following further growth of our workforce in Cardiff. Typically throughout our business the customer-facing brands and back office services have expanded.

"In Swansea the development at SA1 has been able to support aggressive growth and these new acquisitions in Capital Tower and Friary House will ensure that continues.
"2006 was an exceptional year for growth and improvement in the Admiral Group and we are confident we will see that continue into 2007."

Admiral's two locations in Cardiff are managed by Arlington Securities on behalf of investment clients.
Arlington acquired Capital Tower in November 2002 and Friary House on behalf of its clients in December 2005.
Following these latest letting agreements Capital Tower is now fully occupied whilst the last remaining space at Friary House is under offer.
King Sturge acted on behalf of Arlington Securities, Admiral was not represented.

[graham99114] 11/1/2007 20:25

£11.00 tomorrow

[graham99114] 09/1/2007 15:05

I previously posted 13 Dec'06 - 12:05 - 138 of 151 £10.00 proving hard to break through - but once broken this will fly

I think we can safely say £10.00 has been broken and holding well - now looking to breach the £11.00 - doesnt seem like a month ago when it was struggling too break £10.00

[m.t.glass] 29/12/2006 12:39

Price has quadrupled since floated, just 27 months ago.
I've been in and out along the way - as is my wont. Congratulations to those who have done very nicely by just holding from the start.

[graham99114] 28/12/2006 11:50

these will be blue before close

[dusky dolphin] 27/12/2006 16:23

OK but how about this year anybody ????

Had to sell, needed the dosh, but looking to get back in... really like it..

[graham99114] 27/12/2006 16:11

microsoft money (I use it to track my shares) is telling me my ADM shares have rose 140% since I bought them in Jan 2006 - not bad eh

[m.t.glass] 27/12/2006 15:22

dd - It already took two breathers this year. A 21% dip in May/June and 11.5% last month - climbing strongly back up in between.

Since floating at 275p, it took exactly 2 years to triple - and will have gone on to quadruple within just 3 more months if it breaks eleven quid this week..

[dusky dolphin] 27/12/2006 14:18

How much further has this to go... goes on rewarding not just it's staff but shareholders as well.. will it take a break or will this year be just as good ?

[m.t.glass] 21/12/2006 11:40

Admiral workers who chose to hang onto their gifted shares will be a pretty happy bunch this Xmas I guess. Share price currently 133% higher than this day last year.

[poppa44] 21/12/2006 11:24

It's also due to their attitude towards selling ancillary products.
While most insurers have to rely solely on policy premiums, Admiral can
offset any losses made by pushing less risky ancillary.
In 2 weeks time, I will be celebrating my 10 year anniversary of working for Admiral. The whole time, I've been extremely impressed with the focus and drive of senior management.

[nicksoj] 20/12/2006 17:13

Year on year ADM consistently turn effective pricing strategy into profitable margin - with a view on the competition. This is achieved regardless of where the industry sits on the underwriting cycle. This might be a bold statement, but the recent renegotiation of the co-insurance contracts is testament to ADM's confidence in its ability to take on more risk with a view on more profit.

[m.t.glass] 20/12/2006 13:20

Yep. If Admiral are happily profitable at present premium rates, and RBS need to ratchet prices higher, just gives Admiral more room to tuck up behind them ;o)

[poppa44] 20/12/2006 12:30

Do they mean Dave Stevens....COO or Henry Engelhardt CEO???
Who cares....check out the share price!

[m.t.glass] 17/12/2006 17:43

Car insurance set for big increases
Andrew Foxwell, Mail on Sunday
17 December 2006

Motorists face big cost increases next year as the UK's biggest car insurer looks set to push through double-digit percentage rises in premiums.

Royal Bank of Scotland Insurance, which owns brands such as Direct Line, Churchill and Privilege, has admitted it is starting to increase premiums, just months after Norwich Union raised rates by up to 40%.
The major players hope cheaper competitors will follow suit.

Henry Stevens, director of underwriting at the Admiral Group, whose brands include elephant.co.uk and Diamond as well as Admiral, said that if Royal Bank of Scotland Insurance continued to increase premiums into 2007, it would be forced to follow rather than risk being left with a lot of poorquality, high-risk and costly customers.

'We believe Royal Bank of Scotland Insurance is the decisive factor in taking the market up in price,' he said. 'If it were to sustain a series of increases over the next 12 to 18 months, that would take rates up substantially.'

Royal Bank of Scotland Insurance said its premiums across all key brands have already increased by 5% since September. If the rises were maintained, that would translate into a 20% increase in 2007.

On an average comprehensive car insurance premium of £762, that would mean a £152 increase.

Royal Bank of Scotland Insurance, the second-biggest general insurer by market share, said it was compelled to increase its premiums because for the past four years the cost of claims had outstripped revenue from premiums.

Ian Crowder, a spokesman for AA Insurance, said the increases were good for the industry. 'You will find people will shop around even more now,' he said. 'The market is going to be even more polarised between the highest and lowest prices.'

[graham99114] 14/12/2006 11:00

there she blows - £10:00 - now lets see if it holds

[graham99114] 13/12/2006 12:05

£10.00 proving hard to break through - but once broken this will fly

[gorilla36] 07/12/2006 22:48

M.T. - Truth is I'm hiding here from the TomL/Nabeel fiasco. Im scared to go to bed in case the FSA truth police have me away as one of the disappeared in the dead of night! The torture would be 12 hours of Tom's market analysis.

Nicksoj - Indeed a good company, I even have my car insured with them! I was up about 60% when they just ran shy of £10 so was happy to get out with over 50% (a profit is a profit after all). I was really waiting to see where it settled. All my cash is in use at the moment but will look tomorrow morning to open a March SB and build it up as things hopefully progress. Agree long term it is a winner.