Brit Insurance Share Discussion Threads

[harry rags] 10/12/2007 11:30

Share price will rise significantly when they start the next buy back IMHO

[dumpling] 07/12/2007 16:16

Dane Douetil CE of BRE was perplexed at poor share performance... no black hole within the co. Supportive broker notes from UBS and Bear Stearns - Daily Telegraph today.

[dumpling] 05/12/2007 15:07

Apparently recent drop is due to exposure to the $ and sub-prime fears (Daily Telegraph today).

[harry rags] 05/12/2007 11:34

Hervey

Yes 221.75 my mistake

alansmith23

I should not really advise anyone about oil stocks as I want to buy more if the price drops however if you have a few quid to invest then try FPM

[jonak] 04/12/2007 22:02

Oh so the price dropped because they are increasing their business base ?
errr ?

I'd guess its more likely that Goldman Sachs dropped a bunch at the end of Nov and are planning to (trying to ) drop some more .

My gut tells me its a buy at just over 2 quid but I need to have a look around at their prospects before I jump in

[hervey] 04/12/2007 19:55

That surely isn't the only reason for the fall:

"On the second line, Brit Insurance Holdings fell back 24-1/4 at 216-1/2 after the group said it has signed contracts for the launch of Norton Re II, a Bermuda-based reinsurer, with 118.2 mln usd of capital."

[dumpling] 04/12/2007 16:49

Continued fall in the price in the post dealing session. A reassuring statement from the board would not come amiss. I see Goldman Sachs have got rid of an undisclosed no. of shares. Are institutions trying to improve their liquidity by having fire sales?

[liquidkid] 04/12/2007 16:46

Consensus 2007 PBT currently stands at £182m puts it on EV/PBT of 4
A forecast dividend of 20p and the yield's at 9%

[hervey] 04/12/2007 16:06

Harry you mean 221.75 surely, good luck! This is one sick puppy, but why?

[harry rags] 04/12/2007 15:46

In for the first time at 211.75 does not seem much downside IMHO

[dumpling] 04/12/2007 14:50

It is rare for insurance underwriters to be taken over. It is more likely that staff who perform underwriting get poached by a rival.

[alansmith23] 04/12/2007 13:52

dipped a toe at 225

rsi weak, pointing towards a bounce, as commented, rns's released not indicating any particular bad news

sp possibly just market troubles where then calling a low is difficult, but share price trading extremely low given the usual indicators, p/e, div etc


also a potential takeover at these levels?

[makingheaps] 04/12/2007 12:32

They've issued a RNS today so you would have thought they would be obliged to say somehting if there was anything to say. Maybe this is a buying opportunity. Certainly the underlying insurance business should be in a sound state and enjoying rude health.

[dumpling] 03/12/2007 15:36

Someone knows something we don't. I don't like the look of this.

[makingheaps] 03/12/2007 14:30

What I'm worried about is the recent share price movement. Seems overdone again today. Maybe there are noises of losses?

Alistair

[jonak] 30/11/2007 23:19

their specialised insurance - so no direct exposure
but ins cos make money out of their investment portfolio (premiums get paid before payouts are made = an investment float), so could be they've lost money in the recent mess

[makingheaps] 30/11/2007 16:51

Do BRe have an exposure to sub prime like Caitlin?

[madbadtrader] 09/11/2007 14:23

May be a divi in a couple of weeks, but it is diving today!

[jonak] 08/11/2007 02:44

divi in a couple of weeks
bright spot in a gloomy market

[bloodsports] 27/9/2007 12:05

Share price seems stronger-hope the share buy back did some good. Think it must have price does seem firmer.

[bloodsports] 06/9/2007 14:15

The results seem fine. better then forcast, just hope next half bears up ok.

[dumpling] 29/8/2007 17:10

Paragraph 10

[jonak] 28/8/2007 21:08

I missed that - got a link ?

[dumpling] 21/8/2007 17:00

News today about unspecified problems at Brit Insurance.com. Is this part of Brit Insurance Holdings does anyone know?