Aston Martin Lagonda Glo... Share Discussion Threads

[cwa1] 20/8/2014 08:36

Morning All

Decided to join you all here with a few at 430p. Probably a bit too early but hopefully in the fullness of time it will prove its worth. Results didn't seem TOO bad to me and with a fair wind and improving currency things will hopefully get better. Time will tell I suppose.

Bon chance to all who hold here.

[scottishfield] 19/8/2014 18:48

A good adding point around here if folk want to (add) imo.

[keith95] 19/8/2014 16:30

Ummmmm no .. there were a lot of trades last friday hitting the share every time it tried to go above 450 so I think it safe to assume that heavy shorts were being put in place.

[deadly] 19/8/2014 15:48

The fall today looks like a panic, and good buying chance.

[edmundshaw] 19/8/2014 09:11

Seems fair. Still cheap but not quite so safe. The insurance sector not the bargain it was in 2011/2012. But then not much is imho.

[speedsgh] 19/8/2014 09:02

Amlin looks for growth but beware increased risk exposure

Insurer Amlin (AML) may have contained losses but there are fears about the strategy of the group.

Peel Hunt analyst Anthony Da Costa retained a 'buy' rating and a target price of 550p on the shares, which were trading at 450p yesterday.

'Amlin continues to see growth opportunities and has managed to contain large losses with favourable prior-year reserve releases,' he said. 'While interim results exceeded both our and consensus expectations, we are becoming more nervous over the strategy being pursued by the group, and in particular we note that risk tolerance has been increased despite the availability of cheap retrocession [transferring risk from one insurer to another].'

[scottishfield] 18/8/2014 19:09

many tks edmund, appreciated.

[edmundshaw] 18/8/2014 18:33

sf, I too am in two minds.

On the plus side underlying profits (before adverse foreign exchange swing) is £11m up. However last year's foreign exchange gains were good - this just underlines that last year's H1 results were not as good as all that: the foreign exchange swing was not headlined there when it was favourable. Hm...

Also a plus is that the business has continued to grow (c.25%) in the last 3 years. This has added to the returns here.

Large cat losses - part of the game. Last years were big but not so big - the previous year was a bit too wonderful, really.

Still, combined ratio of 87% is still very good, historically.

Slightly disappointed in some of the larger rate declines and the lack of progress in the "Solid investment return" of 1.3%: I am expecting this to improve as bond rates rise. Some upside there I think.

It is important to realise that the very good returns a couple of years ago were offsetting two bad years of catastrophes. These results here seem more normal to me. But at the moment there is just a bit too much capital looking for a return in the insurance/reinsurance arena.

I sort of feel some negativity is in the price going forwards. I continue to hold a moderate amount of these as 6% yield is still very decent, and I think the price could go either way in the short term, while I am hoping the end of QE will reduce competition longer term. Still not expensive imo; but please DYOR.

[keith95] 18/8/2014 16:49

... isn't 'buying' and 'selling' trading?

[scottishfield] 18/8/2014 14:21

edmundshaw, if you're there, do you have a view on the interims? Seems some folk think one thing & some another.

[2ngh] 06/8/2014 21:15

410 and 390 if the madness continues.

[edmundshaw] 06/8/2014 20:40

Shorts? Charts? Not interested in trading. Bought as an addition to investment as cheap, jsut as I sold some at 490p as getting more fully priced (in my view).

[keith95] 06/8/2014 18:01

Still falling on big volumes ... See tomorrow if the shorts have closed.

[edmundshaw] 06/8/2014 16:49

Added a little nevertheless.

[scottishfield] 06/8/2014 14:00

yes perhaps so keith

[keith95] 06/8/2014 11:22

.. be slow .. very slow.

[scottishfield] 05/8/2014 17:39

rather a poor finish, perhaps a topup tomorrow if I'm quick?

[micos] 29/5/2014 14:21

Got my divi today at 11.58. Now just ADM to come tomorrow and I'm off.

[spob] 29/5/2014 14:10

Halifax share dealing

Dividend will be credited to my account overnight tonight

[gostevie63] 29/5/2014 12:34

Hi micos,

I'm with Stocktrade (part of Brewin Dolphin) and got my Amlin payment this morning.

hxxp://www.stocktrade.co.uk/

Gostevie

[micos] 29/5/2014 12:03

has anyone received their payment today? I'm with Selftrade until I get my ADM dividend tomorrow and then I'm moving to I Web. I've been with ST for 14 years but as they propose moving all accounts to Equiniti so I think I'll jump before I'm pushed. Anyone any other ideas?

[spob] 16/4/2014 09:58

Correct

To be paid May 29

[equs] 16/4/2014 09:37

ex div day 18.2 pence

[yewtrees] 16/4/2014 09:34

Why the drop today?

[deadly] 14/4/2014 10:08

The fall looks interesting as a chance to top up in view of the XD this week.