Aston Martin Lagonda Glo... Share Discussion Threads

[sdtoot] 12/3/2007 09:29

The special dividend is 8p/share plus 7.8p/share ordinary dividend, payable to shareholders on the register on 30th March 2007. (edited!)

[jamesjoel] 12/3/2007 09:08

yes
think so and any growth leading up to the payment!

[gurshb] 12/3/2007 08:23

does anybody know if i buy the shares now i will still recieve the special 16p divi.

[paddyfool] 09/3/2007 19:16

paddy quadrise?

[jamesjoel] 09/3/2007 16:46

From Robbie Burns:

One buy and some profit taking! The market will probably shift one way or another after some figures due in the USA at 1.30pm - go figure as they say! I bought 1,500 shares in Amlin (AML) the insurer today at 318.89p. Target 380 Stop 271.

Really excellent results and they are awash with cash, so much show there is a special dividend as well as an increased dividend - if I hold the shares till near the end of March I pick up a 16p total dividend. If it can go up between now and then that's going to make a pretty decent return!

In fact everything about the statement was good, it should hold up om if the market slides back again and there looks to be plenty of upside as well as the juicy dividend.

[holts] 09/3/2007 16:01

would you be paddy quadrise ?

[solomonthewise] 07/3/2007 08:54

Paddy....I'm sure it already is/has been behind the scenes...a vibrant cash-generating growth company with (to date, IMHO) effective and focussed management in a very competetive field.

Fingers crossed for all those passengers on this particular train...

Sol

[paddyfool] 06/3/2007 10:53

I am afraid this will attract very bullish attention and soon.....

[solomonthewise] 06/3/2007 09:41

The results just posted are indeed very encouraging and I wouldn't be surprised to see vultures circling if this is maintained.......(DYOR...IMHO..ETC).At time of writing I'm in for s long a haul as possible and hope to be adding soon...so a rapid rise wouldn't suit me entirely..

Sol.....

[paddyfool] 05/3/2007 11:18

Well roe was 34% cash to be returned through extra dividend. This year also looks great! If only we hadnt been amongst the wreckage of a falling market! However the results and performance will prevail be patient. I am looking for £4 to be breached by June.

[spob] 05/3/2007 08:04

5th March 2007

PRELIMINARY RESULTS FOR THE YEAR ENDED

31 DECEMBER 2006 (UNAUDITED)


AMLIN DELIVERS OUTSTANDING 2006 RESULTS



Record results


* Gross written premium up 12% to #1,113.8 million (2005: #993.5 million).

* Best ever combined ratio of 72% (2005: 82%).

* Record profit before tax up 84% at #342.7 million (2005: #186.7 million).

* 47% increase in earnings per share to 50.4p (2005: 34.3p).

* Record return on equity of 34% (2005: 29.6%) increasing five year average
ROE to 27.9%.


Dividend and capital management


* Basic dividends per share increased 17.5% to 12.0p (2005: 10.2p).

* Special dividend of 8p per share increasing total dividends to 20p,
equivalent to 40% of 2006 earnings.

* Active capital management policy.

* #230 million long term debt issue increases capital flexibility.


Positive outlook for 2007


* Continuing healthy environment in many classes.

* Amlin Bermuda growing.

* Continually well reserved balance sheet.

* Healthy net unearned premium reserve of #507.8 million.

* Improving prospects for investment returns.

[spob] 05/3/2007 08:04

CHAIRMAN'S STATEMENT


Amlin delivered an outstanding financial performance in 2006 with pre-tax
profits up 83.6% at #342.7 million and earnings per share up 46.9% at 50.4p.


This result is influenced by the low level of natural catastrophes in 2006 which
was in stark contrast to the previous two years. However, we were well placed,
having formed Amlin Bermuda, to grow our catastrophe income into very buoyant
market conditions. This was achieved while managing our downside risk through
fundamental changes in the reinsurance markets.


Return on equity ("ROE") is a key measure for our business and I am particularly
pleased that our 2006 ROE of 34.0% was a record for Amlin and increases our five
year weighted average ROE to 27.9%.


Total shareholder return for 2006 was 35.7%, and over the last five years has
been 378%, one of the highest returns of a non-life insurer worldwide over that
period.


Dividend and balance sheet management

The Board proposes a final ordinary dividend of 7.8p per share and an additional
special dividend of 8.0p per share. This makes ordinary dividends for 2006,
including the interim dividend already paid, of 12.0p per share (2005: 10.2p per
share) and total dividends for 2006 of 20.0p per share. These payments
materially exceed our commitment to pay at least 30% of earnings for 2006.


Both the final and special dividends are to be paid on 30 May 2007, subject to
shareholder approval at the Annual General Meeting to be held on 24 May 2007, in
respect of shares on the register on 30 March 2007. The Company's dividend
reinvestment plan is available to shareholders in respect of both dividends.


We will keep under review the appropriate level of capital for the future needs
of the Group, mindful of the Company's potential to enhance long term
shareholder returns through active balance sheet management. The strong cash
generation of the business, together with the cyclical nature of the non-life
insurance industry, means that Amlin may return significant capital to
shareholders over the coming years. The amount will depend on major event loss
experience and strategic considerations.


Current trading and prospects

Trading conditions remain good in most of our business areas, although we
anticipate increasing competition and, in our UK commercial and airline
insurance areas, conditions have already become very competitive.


There has been an increased divergence between our classes of business in their
cyclical patterns in 2006. This could well enhance our cross cycle fortunes as,
with Amlin's excellent diversity of risk, there is an increased ability to
allocate capital between classes according to market conditions.


With a record net earned premium reserve of #507.8 million and still buoyant
conditions in many classes of business, 2007 holds out prospects of being
another excellent year.


Governance

The Board of Amlin is committed to the highest standards of corporate
governance. It also seeks to ensure that the Company is managed within risk
guidelines established by the Board and that the strategy as proposed by the
Executive is appropriate for the continued delivery of growth in shareholder
value.


In a climate where governance arrangements are under increased scrutiny, Amlin
has adopted a transparent approach to its reporting which both increases
accountability and, we intend, will result in increased confidence in the
Company. I was pleased that in 2006 we won our second Building Public Trust
Award for "telling it how it is" in our Annual Report, this time for our People
reporting.


Following the closure of the 2003 Lloyd's year of account in 2006, which was the
last year of account on which independent capital participated on Syndicate
2001, we decided to increase the alignment of membership of the Amlin plc and
Amlin Underwriting Limited boards. This has resulted in greater efficiency as
well as providing the Board with another level of depth of reporting on its
principal trading business.


Board

The Board welcomed Sir Mark Wrightson as a new non-executive Director in March
2006.


Lord Stewartby, my former Deputy Chairman and the Senior non-executive Director,
retired from Amlin at our AGM in May 2006. He first became involved with our
business through a subsidiary in 1993 and became Deputy Chairman of Amlin from
its formation in 1998. We have benefited enormously from his contribution
throughout this period and thank him for his service to the Company.


Nigel Buchanan has taken on his responsibility as the Senior non-executive
Director.


At our AGM in May 2007 one of our directors, Tom Kemp, will be retiring. Tom was
originally a director of Murray Lawrence and has served this Company since its
formation in 1998. The Company has consistently received valuable insights to
its trading, particularly in the United States, from where 49% of our premium
originates, and we owe a great deal to him for his contribution.


The Amlin team

2006 has been a very successful year as we produced another set of record
results and completed the first year of trading in our new company in Bermuda. I
would like to thank Charles Philipps, his executive team and all our employees
for their skill, effort and teamwork.


Roger Taylor

Chairman

[spob] 05/3/2007 07:56

Amlin FY pretax profit up 84 pct


LONDON (AFX) - Amlin PLC, the Lloyd's insurer and reinsurer, said full-year
pretax profits rose to 342.7 mln stg from 186.7 mln in 2005, an increase of 84
pct.
The results beat analysts' expectations of 300.13 mln stg, according to a
forecast supplied by the company.
Gross written premiums rose to 1.113 bln stg, although this was below
Seymour Pierce's forecast of 1.2 bln stg.
Combined ratio -- costs and claims expenses expressed a proportion of
premium income and a key indicator of profitability -- fell to 72 pct from 82
pct.
The result beat the 76.9 pct average forecast of three analysts polled by
AFX News.
Amlin also declared a special dividend of 8 pence per share, and added that
it would pay a basic dividend per share of 12 pence, taking the total payout for
the year 20 pence.

[paddyfool] 19/2/2007 10:11

The announcement with the results will go something along the following lines imho. We will return cash to our shareholders....this year is going great...roe 25-30%

[paddyfool] 16/2/2007 20:42

well its like waking the dead here record results coming 25% plus roe let it be known I told you!

[paddyfool] 09/2/2007 16:03

These guys will post their best results ever. A combination of retaining more risk and a beniign claims environment have left them with a very high ROE. I'm in.

[makingheaps] 10/1/2007 11:58

Market reaction to todays statement seems overdone. Prices are up 1% on average which is disappointing but not surprising given the 2006 claims situation. But does it matter so much when premiums written are up 12 % The key thing is what quality is the additional volume I suppose. I hold Amlin Novae and Brit and expect to see all three make ground this year.

[broadwood] 11/12/2006 15:28

Time to get out.

[cwa1] 08/12/2006 10:16

Barclays just announced as having added a few...

[oniabsta] 06/12/2006 12:27

UBS (Virt-X: UBSN.VX - news) has issued a note on the UK Insurance shares, in which they have downgraded Hiscox (LSE: HSX.L - news) to neutral from buy, they have initiated coverage of Beazley appending a buy recommendation and says buy Chaucer , Kiln (LSE: KIN.L - news) , Novae and Amlin (LSE: AML.L - news) and reduce Brit Insurance .

[broadwood] 29/11/2006 09:04

Cracking results today.And because of fewer claims, of course.

But will premiums have to soften now?Probably.

[broadwood] 07/11/2006 07:46

Munich Re's figures beating the market by £600m.

You'd think that that would be pretty positive for Amlin when the market opens.

But as usual, looks like recent gains have priced it in.

[broadwood] 25/10/2006 08:57

So, the hurricane season typically ends 30 Nov but went on longer last year.

It looks as though its going to be pretty tame this time around.

Good - and bad, softer premiums next year..

[ursus] 24/10/2006 20:56

What hurricane? If you mean Paul, it's never been a threat, whatever its strength, as its a west coaster that will only hit uninsured peons.