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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Broker Network | BNH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 595.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 595.00 | 595.00 |
| Top Posts |
|---|
Posted at 12/10/2007 08:46 by ronmikeh They can sell out to an institution, make themselves very rich, be incentivised by buy out and continue to run it for the next 10 years. Only losers are long term investors being sold short.As directors own nearly 25% and there are only two institutions (marlborough Fd. & JP Morgan Assetts owning about 10% they will have little impact on the decission). |
Posted at 19/7/2007 21:57 by lomax99 Deathly quiet around here, everyone on their holidays? Growth Company Investor issued an update yesterday, hopefully we will see a resurgent upward trend shortly - with a combination of good prospective growth and a low PE my target over the next 12 months is £5+ - any other views/targets/timescArticle: Broker Network (BN), whose shares have almost doubled since Growth Company Investor recommended them in October at 189.5p, is worth looking at in a different light ahead of September's results for the year to April and growing institutional support. The last update from management revealed strong trading during the 12 months in question and new broker Cenkos, appointed in March, has upgraded its forecasts for 2007 to £22.6m revenues, £6.3m pre-tax profits and earnings of 29.9p per share. BN recently improved terms with its insurers for the premium it buys in bulk for its network of brokers and its own 'retail' division. This means, from each £1 of premium the brokers now get 15.3p instead of 15p and BN skims 2.9p instead of 2.5p. With the insurance sector experiencing a 'soft market', chief executive Grant Ellis has secured long three-to-five-year contracts with insurers on these improved terms. More problematic have been acquisitions of new brokers for the BN stable there have been none since July last year. But, after a period of stalling in the market, brokers are becoming increasingly sold on the excellent terms BN offers. Ellis's expectations are for around 'four, five or six' acquisitions a year and he is currently in discussions with 15 'interested' parties, adamant 'there is still a huge amount of consolidation to be done in the market' and pointing to recent purchases of smaller brokers by two big French insurers, AXA and Groupama. With earnings forecast to grow steadily to over 40p by 2009, the shares continue to look good value and should become more stable in coming months as management corrals further institutional support. BlackRock and Fidelity have recently joined the register with JPMorgan and Hargreave Hale having topped up existing holdings. Now could be an opportune time to join them. Market cap: £57.8m PE Forecast: 12.5 Share price: 375.5p |
Posted at 22/6/2007 16:28 by geovest Steve Burrows. Broker normally won't give you anything as a private investor. |
Posted at 05/6/2007 08:49 by geovest Hectorp, you can be certain that they did not spent a lot of money on this, after all they are all from Yorkshire. The old brand needed a bit of a lift and the new designs look a bit more modern. Good visual branding adds to the marketability of the group with potential network members and investors. |
Posted at 25/1/2007 11:22 by blockbuy morning all...........I take it you've all read this weeks Super Small Caps headline feature in Investors Chronicle...........They pick 3 super duper stocks based on their method and BNH is one of them............... good luck............ ;-))))))))))) |
Posted at 24/1/2007 11:20 by hectorp 5 yrs too long for me. I agree on 'stakebuilding' though. Note my post on that a few days ago. Thats why I staed long till yesterday. I've only closed bcause the RSI is over 90. Long term 'investors' will ignore this. But if its stakebuiding, we should plateau, not fall back. H. |
Posted at 16/1/2007 10:33 by lomax99 I have been lurking for about a year and thought that it was about time I posted. Bought most of my holding at £1.24 and topped up at £1.83, have only sold a few since. Looking for some broker eps upgrades following the recent results and think that this still has some way to run (target - hopeful of £3.75 - £4.25 within 12 months, primarily based on a multiple re-rating).Recent commentary on growth investor: Broker Network - HOLD Companies: BNH 11/01/2007 In spite of a tough market, Broker Network up over a third since being recommended by Growth Company Investor at 189.5p in October has demonstrated that its model is robust enough 'to prosper at all points of the insurance cycle'. And it has the buoyant interim results to prove it. The group's network of insurance brokers increased by seven to 162 in the last six months, the majority of which were 'members' that buy insurance through BN and pay it a percentage of each premium they write. BN now owns 19 of the brokers outright after acquiring two during the half, including its largest-ever purchase, of TL Risk Solutions, (TLRS) for £12.5m. Chief executive Grant Ellis admited that competition for new recruits to the network was tougher than ever and that the number of newcomers was not as high as he'd like 'but we're not reducing our requirements for return on capital'. Happily, the group is seeing an 'increasingly positive attitude' towards its structure from brokers, and accordingly plans to increase recruitment this year by 'beefing up the sales team'. Nine new members are already contracted to join in the second half. The TLRS acquisition helped boost sales growth by 79% (44% was organic) to a total of £10.5m for the six months to October. Profit before tax and goodwill came in higher than the whole of the previous year at £2.7m to provide a 74% rise in earnings to 8.10p. Cashflow of £1.68m plus bank financing of £12.9m to pay for deferred acquisition payments drove total debt from £1.1m to £13.9m, mostly due to the acquisition of TLRS. Operating margins grew from 16.8% to 19.5%, though the company acknowledged depressed insurance premiums made growth 'more challenging'. The 2.3% fall in like-for-like premiums was more than offset for members by a 5% increase in earnings. Forecasts from house broker Teather & Greenwood have been upgraded very slightly to £5.2m pre-tax profits and 24.6p earnings. Changing hands for just over ten times full-year earnings, the shares are still worth holding for more upside. Oliver Haill Market cap: 262.5p PE Forecast: 10.7 Share price: £40.4m |
Posted at 28/12/2006 17:29 by hectorp The last few such upswings averaged nearly 30 points per time. The last big one was 40p. There has to be a good bit to come on this leg. I'm sure a lot of people watch BNH. I know a few, some are not yet investors and of course some are. Pity we can't place it on the 'stocks to double in 2007' thread. I don't think she could manage that. It's the 2006 similar thread which drew BNH to my attention. |
Posted at 27/12/2006 10:50 by hectorp I notice competitor Jelf is doing very well too. IN fact their charts almost mirror BNH's, at times lagging ( but from a higher P/E base). Jelf's results should be good, 'in line' in January. But they tend to be buyers of Insurance Companies to add to a stable. There is a downside to this as well as an upside, the more Insurers 'bought' as opposed to partnering, which is the mainstay of BNH, the greater the risk JELF or BNH becoe exposed to if there were to be a downturn in the Insurers' markets. So I'd be happier if BNH bought over only around one Insurer per year, eg last year's was Towry Law as we know. - BNH have a low risk profile as long as 90% of their income is from Partnering. Even in a market downturn, the partners still benefit from the BNH package. IF I were an investor in some Insurers just now, I'd be inclined to buy into BNH for some stability, and also many JELF. I see no sign of such a downside, simply that it might appear if the UK and US markets are to take the expected downswing in 2007. I'd be interested in any other views on this. |
Posted at 17/1/2006 10:26 by ramu231 GG, thanks for sharing details of your phonecall with us. On valuation, BNH feels the current shareprice should be around 240p and this is something they will be working on. They should have worked on this more than a year ago. BNH must change their PR company and their communications strategy. Even their e-mail contact for enquiries on their website doesn't work. In this age of broadband and online share trading, you cannot afford to be complacent with IT. In today's AIM, it's not just sufficient to issue an RNS and just sit back. It is equally important to work on investor relations and communications as you would work on the business to improve the financials. Any plc worth it's listing needs to actively engage in publicity to improve investor relations and communications to the general public. I don't like to draw parallels but look at ASC and COH, very good PR and the share price is always at the top quartile. ASC just has to squeak and the Daily Telegraph etc will be at their doorstep and even something minor is given airtime. Only BNH can make 16 acquisitions, improve market share and operating profit and see it's share price drop! Sorry to be negative but I have held this share for more than a year and just see the share price drifting down on the back of good financials. It is NOT strange - BNH just need to get their act together on PR and communications in general. After all, consistent growth in share price normally equates to a healthy organisation and a growing business and improves investor confidence. C'mon BNH, get a grip with the PR machine and let's see the share price ascend gradually! Good luck to all investors. |
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