Aston Martin Lagonda Glo... Share Discussion Threads

[rambutan2] 04/9/2003 09:48

thats more like it. well done amlin.

[paddyfool] 04/9/2003 08:48

Once the brokers have been pitched to this will do very well. the results are great and by year end have the chance to improve. Most ILVs reporting in the next few weeks will tell similar stories...long may the sun shine.

[hamilkar] 04/9/2003 08:32

They are crazy - on those results and the old adage - never sell a rising share. They will regret their decision at the close today. H.

[ishwar] 04/9/2003 08:24

but why offload so soon...

[ishwar] 04/9/2003 08:21

??? started offloading....means it may slow the momentem for the timebeing.

[barnetpeter] 04/9/2003 08:16

On a PE of about 13; provided they make nothing at all in the rest of the year. Of course if they match this performance in the 2nd half ....

Look very cheap to me.

[gardenboy] 04/9/2003 07:40

Harvey Bowring - 75% !

[paddyfool] 04/9/2003 07:29

the results are stellar!

[paddyfool] 03/9/2003 13:30

Amlin moving along nicely, tomoorows results should not dissapoint.

[cyberian] 01/9/2003 10:44

Guess the RSA rights issue has effected the sector and certainly AML. However, the MM's appear to be keeping the offered high as one senses that the company has already flagged some good results. Thursday will see whether they are even better than expected and that the trend/forecast for next year and longer continues. Again the fall coincides late last week with rumour of the RSA rights and that has continued today.

[cyberian] 31/8/2003 01:39

Have just returned from a 10 day break, and so catching-up on the recent price movements. I think perhaps the sight of two major institutions selling down slightly may have caused some reaction...but that happens all the time and is not significant in the medium picture. Both remain substantial holders and not really a concern. However, we do need to get through the 137p level again to help move to higher ground...results due out Thurday but believe company has internal meetings earlier in the week so we may see some positive signs sooner. Anyway, must look for indication of future profile from management to determine whether a more favourable re-rating can be justified. I was about to add that the major fund managers should buy some insurance in these uncertain times... but they can see whether their portfolio has sufficient weighting in a sector which is at last showing some solid earnings growth. Also with AML one can see a much improved management and approach to their mix of cover.

[ursus] 30/8/2003 00:52

i was just about to buy until i read that piece of tea-leafery.

[royal trader] 30/8/2003 00:23

hello all,

the reason for the current drop is that we have encountered resistance @ 145p set in 1998. The fact that the stock was also overbought resulted in the current fall in price.

However dont expect the rsi to go back to very oversold positions. The results are out on the 4th of September and more importantly there is support at 134p

Imo, good buy at current levels and there will more than likely be some great leaps in price towards results day.

[hamilkar] 28/8/2003 19:58

Samansh - My feelings exactly. I attribute it to the market sentiment rather than this individual share. Current broker forecasts show a 30.40% rise in EPS for this year ending Dec 2003 followed by a 32.14% rise in EPS for the year ending Dec 2004. There are not too many about in the FTSE 250 presently with those forecasts. You should also note the recent upbeat statement issued on 15th August. The recent breakout (see my note of 21st August) is a classic and IMO we are about to see a test of that breakout. When it turns I think it will turn quickly so those not already in should set alerts on this share and buy on the bounce. If you can't watch it then if you can get it for 135 or thereabouts it is a strong buy. Certainly a buy before the interims on the 4th.

[samansh] 28/8/2003 15:46

Even when Amlin has been tipped by number of brokers and its fair price value has been estimated somewhere between 165-170, I don't understand why the stock is moving down. People should be buying this stock ahead of company's interim results on 4-Sep-2003.

[hamilkar] 21/8/2003 13:22

As mentioned by Cyberian and Gardenboy the chart is looking very strong. The breakout on 15.08.03 through a resistance line going back to 15.01.03 was a classic gap up accompanied by heavy volume. This is one of the most reliable type of breakout to higher ground. My calculation is that this means a rise to around 162. Hopefully those who have read my recent comments on Broadcastle, WSP and Dyson Group will take note and now look more closely at AMLIN.

[gardenboy] 15/8/2003 18:41

dayjob,

AML own 78% of capacity this year - so 860m is right - (100% from next year)

cyberian,

chart is good - was no. 1 in Investtech top 50 last night!

[cyberian] 15/8/2003 10:43

Purely on a chart signal we have broken the critical 138.5p level and that bodes well. The count-back, current, and future growth appears encouraging with the news release this morning.

[paddyfool] 15/8/2003 09:00

dayjob,
You are right the liklehood it will be the upper end. 2002 is earning well accross the piece in the market. I think there is some way togo good luck.

[dayjob] 15/8/2003 08:52

gardenboy, re. that afx - i'm not sure it's right that Amlin's share is 860m, i thought plc owned 60% of the 1.1bn - the difference between 860m and 1.1bn being qqs. can anyone confirm?

Figures for 2002 u/w year in the range 12 - 17%. I'm sure they are understating this at the moment. If it's 17% (i reckon 20% would be nearer) then 136m, of which plc have 72.3% = £98.33m, less (say) 25% expenses = £73.75m. That's more than double the current consensus forecast for 31/12/03, or 19p per share or p/e 7.36. Tempted to top up.

[gardenboy] 15/8/2003 07:45

LONDON (AFX) - Amlin PLC said it is is continuing to experience good trading
conditions in all of its principal lines of business.
Syndicate 2001 has 1.1 bln stg of capacity in the current year, of which 860
mln is Amlin's share.
The syndicate's gross written premium (net of brokerage) was 634 mln in the
six months to June 30 2003, up 22 pct over 2002.
Referring to forecasts it said the second quarter forecasts for the 2001 and
2002 years of account are unchanged from those made after the first quarter.
It added the 2001 year of account continues to develop in line with
expectations.
The 2002 year of account has benefited from low loss incidence to date.
Underlying improvements in the quarter have been partially offset by exchange
rate movements.
A substantial amount of business remains on risk for this year, but Amlin
expects the forecast to improve if a normal level of loss development is
experienced for the remainder of the year.
Charles Philipps stated "2003 continues to develop well and business written
in previous years remains in line with our expectations. We are increasingly
confident about the financial outcome for this year and look forward with
optimism."

[cyberian] 13/8/2003 09:41

I maybe wrong but re-casting trades on Monday from ADVFN believe the MM's could be short well over 1 million shares (even 1.5 million). However, they may have built-up a holding in anticipation of demand if presentation given by the company was well received. Still, whatever, one should see a convincing run up and through the 1H results on 3/9.....even a bit of a re-rating?