Brit Insurance Share Discussion Threads

[dilly4] 01/3/2010 14:29

cup seems to have collapsed sold up at 741.5 ,could be wrong or right ,who know's

[edmundshaw] 01/3/2010 13:50

BRE is FTSE 250, of course it should be OK.

[boadicea] 01/3/2010 13:45

Barclays online reports that BRE is not permitted in an ISA.
Selftrade will allow it to be purchased.
Which is right?

[jtcod] 01/3/2010 12:24

237
I thought the investment record was pretty good. That's where the profit is after all. I haven't had time to look at the others yet but I am comfortable with those results.

[dilly4] 01/3/2010 11:56

i bought 5ks @ of this will sit on it for the rest of the day - might even end blue later

[237gmoney] 01/3/2010 11:18

JT, the results could have been much better. Hiscox, Amlin and Catlin have forged ahead and Amlin's combined ratio of 72% makes Brit look like it had a poor year. D&O claims have hit Brit hard and with rates pretty flat in January across the board its going to be a hard year ahead.

The recent storms in Europe will be costly for many as well.

[lonrho] 01/3/2010 10:17

guess after the results someone has downgraded them,judging by the fall must be one of the big investment banks, goldmans possibly.

[jtcod] 01/3/2010 09:50

Thanks 237. It was the only thing I could think of.

Got to say I was pleased with the results btw.

[edmundshaw] 01/3/2010 09:42

So all we can come up with is duff reasons for a 6 or 8% fall?

It must be a buying opportunity then! :-)

[masurenguy] 01/3/2010 09:39

kiwi2007 - 1 Mar'10 - 6149: Institutions taking money out of the rest of the insurance sector in order to help fund the PRU/AIG bid? "Reportedly, the Pru will pay $25bn in cash and $10bn in shares and other securities such as preferred stocks and options for AIA. The cash component would be funded by an underwritten rights issue, that could be the biggest in UK corporate history."

Also a potential factor !

[edmundshaw] 01/3/2010 09:33

Hm. Now just Brit and Beazley down according to Digital Look

[237gmoney] 01/3/2010 09:25

Chile wouldnt be the cause of this fall JT. Not many buy Insurance in Chile. Think this fall is a little over done. Brit have been made to pay their share of Standfords lawyer fees, but even still, It wouldnt cause this damage. I think the shorters have come en masse here now that the share price has consolidated. I would like to see how much stock is now out on loan??? both pre consolidation and afterwards.

[edmundshaw] 01/3/2010 09:24

Chile not impacting other non life insurers so much. Apart from Brightside -4%& a small dip in Beazley & 3 others, the other 20 are flat or up.

Maybe some confusion re consolidation at results time? It certainly caused Halifax some trouble.

Nice results for Amlin this a.m. btw.

Don't see much relevance to PRU...

[crawford] 01/3/2010 09:19

IOM,
yes, other reinsurers doing ok.

[iomhere] 01/3/2010 09:16

CHU up. Wasn't it targeted by BRE about a year ago? CGL and, after good results, AML also up.

[palmleaf] 01/3/2010 09:11

Myopia - you have the right name!

Friday was a 4:1 consolidation - not "a massive rise".

[masurenguy] 01/3/2010 09:10

Looks like the whole sector is also being hit by the PRU suspension and projected massive dilution in order to raise funds for this potential acquisition. AV and L&G also both down today albiet by a lower factor than BRE.

The Times today commented: Prudential is poised to make the biggest cash-call in British corporate history to help to finance an audacious acquisition of American International Group's Asian assets. Britain's second-largest insurer will tell the stock market this morning that it is in advanced talks to buy AIA for about $30bn (£19.6bn). The Pru plans to ask investors for about £15bn.

[investoree] 01/3/2010 09:09

Myopia there was a 4 for 1 recapitalisation with BRE which caused the jump in the share price. Have topped up again this morning in my ISA as their payments take the form of a capital gain and not as a dividend. Hopefully the problems in Chile won't impact too much on BRE

[myopia] 01/3/2010 08:59

bound to be a bit of profit taking after such a massive rise on Friday

[jtcod] 01/3/2010 08:57

I assume Chile

[oniabsta] 01/3/2010 08:45

anyone know what's causing this fall?

[effortless cool] 26/2/2010 16:07

Yes, it's not often I'm left cursing a 291% increase.

[18bt] 26/2/2010 16:01

Re the distribution: it also means I believe that it is subject to CGT not income tax.

Results looked to beat market expectations, so the share price reaction looks churlish.