Brit Insurance Share Discussion Threads

[scumdog] 06/6/2006 11:41

Sure this fall today is in reaction to inflation concerns and potential interest rate rise. Yield an attractive 7% again. Thinking of a limit buy @ 242p.

[scumdog] 30/5/2006 11:10

Hi spob,
Surprised with share price fall today - although in this choppy market perhaps predictable.
I like the company's strategy as outlined in the annual accounts.
Given the dividend yield I think the share's a bargain at the current price - infact at any price up to 95p should interest rates remain where they are.(Sorry I mean 285p - keep forgetting the consolidation!)
I don't short stocks - just look to get in at a bargain price if possible.
Sometimes trade, other times hold for varying time periods.
Sorry if my comments a couple of weeks back when I "called" for the share price to fall upset you.
I often note my share trades on the relevant BB - and not just the profitable ones! On the same day I purchased BRE I also bought New Star (NSAM). Sold that holding along with BRE on Friday. However, the NSAM trade wasn't successful and I lost 3% :>( (I noted the NSAM trades on that company's BB).

Anyway, all the best with your BRE shareholding.

[spob] 30/5/2006 07:07

nahh - i just think that if you're gonna prattle on about your positions, you should declare them as and when you make them, as opposed to three days after a rebound.

That's all

Glad you like the charts.

The only short term problem with this is the hurricane season which officially kicks off around now.

I know they have a reduced exposure but nevertheless, sentiment and all that.

I'm in for the long haul and the dividends, so come what may.

[scumdog] 30/5/2006 00:35

By the way, impressed with your selection of graphs.

[scumdog] 30/5/2006 00:18

What's your problem, spob - jealous?
I think the share price will continue to rise so it's likely I've sold too early.

[spob] 27/5/2006 07:43

where did you learn the art of hindsight trading Scumbag

[scumdog] 27/5/2006 00:40

Couldn't resist banking a nice 7% profit from Tuesday's purchase :>)
SP should reach 280p without much hindrance but didn't want to stay in over the long weekend.

[spob] 26/5/2006 20:11

They said 5p minimum i think before the split

so that's 15p minimum or 5.6% at current price

[jonak] 26/5/2006 18:23

The yield will change: the 7% ish yield was based on BRE paying out all its profits; the board adopted a policy henceforth of paying just half the profits, which would bring the yield down substantially. Unless profits double of course.

[spob] 26/5/2006 13:42

i'm sure you did Scumbag

[scumdog] 26/5/2006 13:28

Bought in at 250p earlier this week.
The fears over an increase in interest rates caused the sharp fall as basically this is a high dividend yield income stock. Immediate fears somewhat dissipating now. The company is committed to decent dividend payouts. The yield at 250p was 7.2%.

[scumdog] 19/5/2006 14:51

Short-lived upturn. Downward slide continues.

[scumdog] 19/5/2006 11:55

Soon as I say that it starts shooting up!

[hervey] 19/5/2006 10:18

Well, looks like 240 could be the bottom after all...

[scumdog] 18/5/2006 18:05

Yep. Tempting.

[hervey] 18/5/2006 17:06

Sold the lot. Tomorrow it will fly.

[spob] 18/5/2006 14:24

please sell then

[hervey] 18/5/2006 13:48

Looks like it. The minute I sell it will fly...

[scumdog] 18/5/2006 12:07

260p support?

[spob] 15/5/2006 18:16

Brit Insurance Holdings PLC ("the Company"), the UK-based international general
insurer and reinsurer, announces that the one for three consolidation of its
ordinary shares approved by shareholders on 25 April 2006 takes effect from
today, 15 May 2006, and its current issued share capital is now 327,370,267
ordinary shares of 75 pence each.

[spob] 25/4/2006 22:31

BRIT INSURANCE HOLDINGS PLC

AGM STATEMENT

Brit Insurance Holdings PLC ("Brit" or "the Company"), the UK-based
international general insurer and reinsurer, releases the following trading
update in advance of its Annual General Meeting, to be held later today:

"Brit has made a positive start to the year which is in line with our
expectations.



Gross Premiums written to the end of March 2006 totalled #373.9 million compared
with #366.1 million for the previous year. As previously stated this year Brit
is writing less catastrophe exposed business which arises in our Reinsurance
Underwriting Centre and London Market property and marine accounts. Therefore
it is pleasing to report that the reduction in aggregate exposures by a
combination of non-renewal of certain risks, smaller lines and reduced limits
for catastrophe risks in these classes has been more than compensated by volume
and price increases overall in the rest of our business.



We are delighted that the anticipated strong growth in premium income of our
London Market Underwriting Centre has been achieved and our UK business has
performed in line with our premium expectations.

In general, premium rates and terms and conditions remain healthy although, as
predicted, the UK market remains competitive. We are pleased that the average
renewal retention for the first quarter improved to 85.5%, compared with 84.0%
in the same period in 2005.



Claims experience for the year to date has been within our expectations, with no
major catastrophic insured events. Our prior year reserves overall have
continued to prove robust and stable. In addition investment return and
operating expenses have performed as expected.



We continue to explore the potential for establishing a catastrophe
retrocessional "sidecar" vehicle and will provide a further market update in due
course.



We remain positive for the future and continue to believe that Brit is on track
to meet both its near term and five year growth plans."

[spob] 25/4/2006 22:29

Brit Insurance firmed 1¼p to 99p ahead of its annual meeting. The insurer and reinsurer has written gross premiums to the end of March totalling £373.9m - up from £366.1m the previous year. It has smaller lines and imposed reduced limits on catastrophe risk.

[dumpling] 05/4/2006 15:55

Pay out on 28th April in case anyone was wondering.

[dumpling] 05/4/2006 15:55

Pay out on 28th April in case anyone was wondering.