Best Of The Best Share Discussion Threads

[waldron] 30/11/2002 08:33

maywillow.i take it you are less concerned now after this apparent good news.

[maywillow] 29/11/2002 08:39

Good News from Fresenius Medical. Apparently it has settled most of its Asbestos claims. Share price rises on the news.

[ariane] 20/11/2002 22:31

ebomber,does that mean reduce their exposure by reducing likely clients that might be at risk,or it is a physical action to remove asbestos products from buildings at risk.
clarification would be appreciated

thanks

[ariane] 20/11/2002 22:31

ebomber,does that mean reduce their exposure by reducing likely clients that might be at risk,or it is a physical action to remove asbestos products from buildings at risk.
clarification would be appreciated

thanks

[ebomber] 20/11/2002 18:11

Aviva (Norwich Union) have an active programme to remove significant amounts of asbestos from its UK and European portfolio of occupational property.

[waldron] 20/11/2002 18:02

thanks for the links

[maywillow] 17/11/2002 08:20

Thought the Asbestos article in the Sunday Herald gave a good overview of the situation.

[maywillow] 16/11/2002 21:21

Waldron, found the link for the Hanson Story





with one for Hallibarton

v


cheers

[maywillow] 16/11/2002 17:47

Saw something,but forgot where!

[waldron] 14/11/2002 20:17

anyone know about Hanson being hit by the Asbestos exposure?

[waldron] 14/11/2002 19:24

Surprise surprise despite the double wammy for siemens, its up substantially.

The DAX is on the way up.

belabed, you are so right that insurance companys will be hit,but why oil companies?

[belabed] 14/11/2002 19:18

Halliburton have been hammered this year due to asbestos claims.They have over 200,000 claiments.This could affect lots of oil and insurance companies in the forthcoming years.

[waldron] 14/11/2002 19:14

Apparently the risk for Invensys is minimal. Time will tell.

[maywillow] 11/11/2002 19:32

Invensys(ISYS) Thursday is reporting day,but there is again a cloud on the horizen.

This time its an asbestos cloud,apparently the UK factory might well be at risk from asbestos litigation.

On Thursday we should know the worst, or should i say the Best.

[waldron] 11/11/2002 07:26

Expect Siemens to fall during the week from a double wamy.

Pensions Shortfall and yes you have guessed right,possible asbestos claims which willing apparently be nothing like the scale of ABB.

We shall see. Siemens much like Alstom seems to have been indemnified by previous owners of the asbestos hit co.s

[maywillow] 08/11/2002 08:17

i see that ABB continues to fall. Some 6% this morning.

Asbestos fears have certainly hit confidence.

[waldron] 06/11/2002 08:43

After reading the Les Echos,it seems that again Alstom has not managed to convince the market that there is little or no risk from Asbestos claims.

Expect Alstom to fall to day. Disappointed.

[waldron] 05/11/2002 22:51

Maywillow, thanks for the info. should be in the press in more detail tomorrow

[maywillow] 05/11/2002 16:31

Well Alstom fell something like 10% after Bilger stated that there was 160 asbestos cases.

100 of these cases are related to the purchase of Combustion Engineering from ABB.Apparently the good news for Alstom, is that ABB agreed to indemnify Alstom for the costs involved.

60 of some 6500 cases are unrelated to the above, and according to Alstom there should be no financial impact. Lawyers have said that the 60 claimants will get no more than $10 Million. Alstom said it would not pay spurious case.

No doubt it will become clearer as the days and weeks go by.

[maywillow] 05/11/2002 07:39

Apparently Alstom has stated that its Asbestos liability exposure is minimal.

Lets hope so,because i don`t think it can take an other hit.

[waldron] 05/11/2002 06:44

i see that Biliger has been replaced by some one from the French Insurance Association.

Bloomberg mentioned this morning that Alstom is affected by asbestos exposure,but gives no details.

[waldron] 04/11/2002 20:59

Can anyone clarify whether Alstom has been implicated in this asbestos fiasco.

People seem to have some how tarred Alstom with the same brush as Saint Gobain,ABB and Alfa Laval.

i feel it might be a case of mistaken identity.

[waldron] 02/11/2002 00:27

Maywillow,take a look at the RSA thread by Bearer. Apparently RSA denies all.

how can one make decisions with all this contradictory news?