Share Name Share Symbol Market Type Share ISIN Share Description
Admiral Group Plc LSE:ADM London Ordinary Share GB00B02J6398 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  16.00 0.63% 2,536.00 268,419 16:35:05
Bid Price Offer Price High Price Low Price Open Price
2,533.00 2,535.00 2,539.00 2,511.00 2,522.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 2,198.40 522.60 148.30 17.1 7,457
Last Trade Time Trade Type Trade Size Trade Price Currency
18:47:24 O 33 2,536.00 GBX

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Date Time Title Posts
27/4/202007:26 *** Admiral ***634
10/8/201912:47SELL in Admiral Group PLC (AMD.Lon)3
31/5/201915:18ADMIRAL launched317
31/5/201915:18Admiral Group - Not admired enough!287

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Admiral Daily Update: Admiral Group Plc is listed in the Nonlife Insurance sector of the London Stock Exchange with ticker ADM. The last closing price for Admiral was 2,520p.
Admiral Group Plc has a 4 week average price of 2,264p and a 12 week average price of 2,200p.
The 1 year high share price is 2,539p while the 1 year low share price is currently 1,858.50p.
There are currently 294,037,749 shares in issue and the average daily traded volume is 410,685 shares. The market capitalisation of Admiral Group Plc is £7,456,797,314.64.
rik shaw: Ord Div confirmed, special div deferred: hTtps://
garycook: Great core holding in anyone,s Portfolio.The results were above expectations,but no surprise because the share price as been outperforming the FTSE 100.Also tipped for £20
ganthorpe: The way they declare the dividends , there won't be cut as such , they would just reduce the special dividend. Profits may be flat to 10% down , suggesting 45P total next div instead of 50P. Prob not a disaster at present share price? GAN
fenners66: Or is the share price fall today indicative that someone had agreed to maintain the price just long enough and then bailed after FTSE status retained?
this_is_me: Share price making steady progress.
deanroberthunt: there are some recent sell notes out with share price targets as low as 520p....
brain smiley: 67. Overall, the group posted a 7% increase in pre-tax profit to £172m in the first half, beating analyst estimates of £168m. But growth slowed at its core UK car insurance business with the number of vehicles rising 7% compared with the first half last year to just over 3m. That means vehicle numbers rose by just 1.6% in the first half, implying a slowdown in the company's key market. Admiral said: After favourable conditions during 2010 and the first half of 2011 in the group's core UK car insurance market, there has been a marked change in 2012, with premium rates falling and competitors seeking to add market share. In this environment it was appropriate to moderate the rate of growth in the UK. Revenue from so-called ancillary products – such as personal injury referral fees, breakdown cover and car hire cover – also dropped, though it is unclear by how much as the company now includes "instalment income" under this heading. Eamonn Flanagan at Shore Capital – who estimated that ancillary products actually fell by between 5% and 10% in the first half – said this was worrying as it was this part of the business that had driven the valuation in recent years. Analyst reaction was mixed but, notably, some brokers took a very dim view of the results. Flanagan, for one, wrote: Admiral reported interim results which were well below our expectations and included a number of features which reinforce our concerns over the group's business model within the UK motor insurance industry, especially in the context of the group's very punchy valuation metrics. These include a slowdown in the rate of growth reported by the group, an increase in the overall loss ratio and, most worryingly for valuation purposes, a net contribution from ancillary products which has ground to a halt. He said the shares were "materially overvalued given the likelihood of much reduced earnings growth in the coming years and the threat of a formal referral to the Competition Commission of the UK motor insurance market with the accompanying risk of wholesale change to the business model of players in that market". He reiterated his sell recommendation on the shares. Numis also cut Admiral to reduce saying: We expect UK customer growth to flat-line and margin pressure is also likely if the more competitive rate environment continues. We therefore think the UK business is at an inflection point and with the drag from the international businesses yet to reverse we see diminishing earnings growth. Joy Ferneyhough of Espírito Santo was similarly unimpressed and asked whether Admiral was running out of steam. She said the consensus forecast for full-year pre-tax profits to rise by 12% – compared with 7% growth in the first half – looks "a little stretched", if you dig into trends on pricing, margins and volumes. With UK motor pricing and volumes under pressure and the international business getting further from, not closer to break-even, we struggle to see how investors can push the stocks much further. She kept a neutral rating on the stock but suggested there was significant risk that things could get worse from here. Stuart Duncan of Peel Hunt, however, maintained a buy recommendation on the stock: Interim results have marginally exceeded our expectations, driven by international price comparison, while the remedial actions taken last year in UK motor are paying dividends despite increasing competition. He said Admiral remained attractive due to what he called an "asymmetric balance of risk and reward", whereby the company retains just 25% of the underwriting risk but 89% of the profits. He said the chance of big increases in the share price are now far more limited but noted that shareholders can still look forward to an annualised return of around 10%, due to the healthy dividend return.
grahamg8: Perhaps it's because the CEO is a bit different that causes the shares to be so unloved by the 'suits'. A rising share price and great yield do it for me. If the trend peters out or the share price rises above my target then I will review the investment case. But until then they can keep up the good work.
was mejmillys: 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."
masurenguy: A recent TMF article on ADM which appeared prior to this weeks IMS. Unfortunate timing but still a good summary of the bull case with an even better prospective trailing yield of 8.3% based on last years payout or possibly even 9.9% this year if the H1 increase is repeated at the year end. Of course the dividend could be cut if margins fall but even if it was reduced by 25% it would still be circa 7.4% in the current year. This could be today's no-brainer So what might Neil Woodford and Warren Buffett buy now? Here's one no-brainer idea for them and of course for you as well: Admiral (LSE: ADM). As you may already know, Neil Woodford likes shares with high, rising and reliable dividends. Warren Buffett meanwhile likes shares with tip-top management and strong competitive positions. Buffett also likes insurance companies, which is lucky for him as Admiral is one of the country's largest motor insurers. Anyway, here are ten facts about Admiral you might want to consider while everyone else panics about Greece: 1. It has grown from nothing to become a £3 billion FTSE 100 share in 20 years; 2. It floated during 2004 at 275p and the price reached £17 earlier this year; 3. It has expanded rapidly, despite the recession and Greece. Between 2006 and 2010, profits and the dividend jumped more than 80%. 4. It continues to grow, with first-half profits this year up 27%; 5. It has consistently reported underwriting profits, unlike most of its rivals; 6. It hasn't needed to retain capital to grow, and therefore regularly distributes about 90% of its earnings as ordinary and special dividends; 7. It offers a trailing total dividend of 74.6p per share and 6.7% yield at £11; 8. It has a forecast P/E of 13 for 2011 and 11 for 2012; 9. It is run by founder management that has an enormous £540m riding on the share price, and; 10. It has seen its share price fall since the summer on fears of rising costs, and Greece. Enough there for Woodford and Buffett to pile in? Well, they'll need to do their own further research, just like you and me. However, there are some dangers. Insurance is an inherently risky and competitive industry, and is not known for pleasant surprises. Admiral also pays out almost all of its earnings as dividends, so if costs rise and profits fall, the payout would come under threat. But on the face of it, this looks to be a no-brainer opportunity to buy a well-run blue-chip at a very reasonable price. I mean, you can leave your cash in the bank earning nothing, or you can buy shares in Admiral, enjoy a dividend income of 6%-plus, and be exposed to the company's future growth.
Admiral share price data is direct from the London Stock Exchange
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