Aston Martin Lagonda Glo... Share Discussion Threads

[jarsav] 14/3/2004 23:31

The Week In Review: Amlin set to pay the price for failure to look beyond Lloyd's
By Stephen Foley
13 March 2004


The past few years have been short on natural disasters, long on fears about madman-made atrocities. Insurance has been in demand, while insurance pay-outs have been falling. No wonder Amlin, a leading insurer in the Lloyd's of London market, put in a stonking financial performance in 2003. Profits more than doubled to £120.3m.

Can it last? The effect of soaring premiums will continue to show in profits for a couple of years to come, yes. But, while the company talked about "discipline" in its results, meaning the industry is not yet settling for lower premiums in many of the insurance lines it offers, some rates are off their peak.

Amlin is undoubtedly an efficient outfit, focusing on increasing margins rather than chasing new business. But is everyone this sensible? The increase in underwriting capacity since the 11 September attacks means the stock market will soon start anticipating a downturn, even though Amlin can trumpet good returns on capital for another two years.

Amlin is also way behind the curve in creating a non-Lloyd's operation. A dividend hike yesterday takes the likely 2004 yield to 4 per cent, but this is a top-of-the-cycle payout rather than a forever-sustainable one, and the shares are expensive on other measures. Take profits.

[oniabsta] 10/3/2004 14:19

Seems to me the mm's are picking up stock on the cheap - 164p, they'll be offering these shares at a much higher price in the not to distant future... IMO

[ursus] 10/3/2004 09:12

also a very smart investment performance - see they switched to an equity mix for their solvency funds in march 2003!

i also liked the bit about possible acquisitions in 2005 and on, when the cash flow will become a flood. tho they talk of a non lloyds acquisition (Goshawk re???? a possibility), i'm sure they will look also at another lloyds vehicle if its share price remains out of kilter with the market. that to me means chu or wun, of the shares that have no back year baggage. at least that's what i'm hoping!

[chris001] 10/3/2004 09:12

this looks very interesting

[oniabsta] 10/3/2004 07:33

These results are excellent - P/E of 7.6 Too cheap!

[gardenboy] 04/3/2004 19:12

24m traded today - anyone any ideas why or who?

[oniabsta] 04/3/2004 12:06

I'm thinking it must be the institutions realigning portfolio's

[oniabsta] 04/3/2004 11:44

anyone know what the hell caused this sell off today ?

[royal trader] 20/2/2004 17:40

No idea but loving every second of it!

Could be due to markets rallying though, ftse has had a few good days despite yanks underperforming which is a bit odd.

[deio1] 20/2/2004 16:59

Anybody know what's happened here? A 6% increase today!

[little beaker] 08/2/2004 16:54

Still looking good value at these levels; looking for fair value around 180-200p mark. Low P/E but NAV will keep a lid on the share price medium-term. Still bullish on the insurance sector as a whole, and rate this as one of the strongest buys, despite its recent price rise and strength versus the sector over the past couple of years.

Watch for further dollar weakness as a good reason to take profits, and a strong stock market as a big positive for the stock.

[jarsav] 06/2/2004 23:39

blood hell sky rockets and all that. Ah well thats life I will be back on the pull back!

[hsmattu] 06/2/2004 13:06

Wise choice Jarsav, but I'm going to hold that tad little longer. Think the broker recommendation may still take this a little higher IMHO!

[jarsav] 06/2/2004 11:30

thanks cleaner I will have a look I have taken profit today on Aml as I beleive it is now over bought, may go high but a profit is not profit and all that!

[thecleaner] 06/2/2004 08:26

If you are interested another insurer worth looking at is ALEA. It is doing very well.

[thecleaner] 06/2/2004 08:25

I reckon this will go over 2 quid in the near term

[thecleaner] 06/2/2004 08:25

Hi jarsav,

other projects taking all my resource at the mo. I am losing out but don't have much choice bacause of the Mrs.

[jarsav] 05/2/2004 09:02

sharecast

JP Morgan has started coverage on a number of Lloyd's of London insurers, with Amlin and Wellington Underwriting both benefiting from an 'overweight' rating.

[jarsav] 05/2/2004 08:32

Hey nice to have other here! welcome I was getting a bit lonely!

Royal you still around?

[hsmattu] 04/2/2004 22:26

Hi people, have been following AML for two months now. Agree with next level 158 -160p.

[gardenboy] 04/2/2004 18:28

new closing high

[jarsav] 04/2/2004 13:53

150 next stop 160p

[jarsav] 29/1/2004 13:11

hello any one here!! knock knock! royal you still in this one?