Broker Network Share Discussion Threads

[sbbowie] 25/6/2007 22:21

I would also like a copy please, much appreciated. Thanks.

[e-mail]

[ramu231] 25/6/2007 18:00

Geovest,

Did u get a chance to go thro Cobra's prospectus? It will be interesting to know your thoughts. Thanks.

Ramu

[recruiter] 25/6/2007 14:44

done aswell.
Right I am off now. seeya !

[geovest] 25/6/2007 14:42

Recruiter,

Many thanks

[recruiter] 25/6/2007 14:30

geovest, I have been sent one via email.
If you want it put your email on here & get rid of it by 3pm & I will send you a copy.

[geovest] 25/6/2007 14:09

Comparing commission rates between groups are nearly impossible nowadays given the extensive use of incentives, overriding commisions, profit sharing commisions etc, etc. This depends on the insurers appetite for new business, volume of business, loss ratio experience with the broker or network and market conditions. Incentivised commisions are not published and comparing rates on one class of business is meaningless unless you can compare the aggregate of the basket.

"BNH dont venture south at all" - I guess the branches in Berkshire, Somerset Herfortshire and network members in the area don't count ;=)

I'm still keeping an open mind untill I've seen the prospectus. Having a hard time getting it though as I'm being given the runaround, which doesn't inspire confidence.

[recruiter] 25/6/2007 13:18

sorry, I mistook what you wrote as in "what are my commission figures to the companies".

The commission figures differ on many things:
A: what type of risk is being placed:
2: If it is being placed through a preffered insurer.

No2 is the winner for COBRA to BNG where brokers are receiving upto an astonishing 21% commission on certain risks.

[liarspoker] 25/6/2007 13:15

But surely you must know the commission numbers if you say things like:

'I have run the rule over both networks & COBRA do offer better commissions to their members than BNH do. '

I'd be interested for 2 reasons. 1) To see if the BNH figure has changed from when I last looked and 2) To see the actual difference between the two companies.

[recruiter] 25/6/2007 13:15

looking forward to receiving prospectus details as I would like to know why COBRA are valued at £45m when BNH has on a pound for pound level a lower valuation.

[recruiter] 25/6/2007 13:13

lol........

just trying to give people here an insight which I have on the cmopanies that others may not.

[liarspoker] 25/6/2007 13:11

What are your commission figures for both companies Recruiter ?

[recruiter] 25/6/2007 13:09

COBRA management will be far more aggressive than the BNH board is, trust me on that.
Geographical differences in the company's aswell. BNH dont venture south at all, COBRA are predominantely southern based but growing their membership nationally.
I have run the rule over both networks & COBRA do offer better commissions to their members than BNH do.

[giddygoat] 24/6/2007 20:39

Mo,

BNH M/Cap £59m at share price of 384p

Dont have any info on Cobra but think Geovest gave you the info on when Cobra formed in post 1303 "formed Cobra in 2005 they set a target of 125 network members"

[supreme mo] 24/6/2007 16:30

Wow, I thought bnh was a unique business model, it will be interesting to see how well they both fair over the next year or so... bnh have the advantage in that they have been listed for nearly 3 years now but cobra been the new kids on the block could steal business from bnh.

whats the mkt cap of bnh now??
are there any forecasts for cobra in its maiden year? Also, how long has the business been running??

Many Thanks if anyone could answer these questions.

[sbbowie] 24/6/2007 11:56

Any idea what historic/prospective PE a market cap of £45M would be for Cobra? Thanks.

[recruiter] 22/6/2007 16:30

okay, cheers.

[geovest] 22/6/2007 16:28

Steve Burrows. Broker normally won't give you anything as a private investor.

[recruiter] 22/6/2007 16:19

who did you contact, the acting brokers ?

[geovest] 22/6/2007 16:13

Cheers. I've requested some financial information from them. Will see how good the service is and what the numbers tell me.

[recruiter] 22/6/2007 16:06

I Recruit for them.
I used to recruit for the individual co's before they formed & made COBRA aswell, hence my knowledge of them.

[geovest] 22/6/2007 15:53

Recruiter, when you say you deal with them, in what capacity? (Insurer, Broker, Supplier, Other?).
Hope you don't mind saying ;=)

[recruiter] 22/6/2007 15:44

dont own BNH. I dont like the management - so its a personal not a business thing !
lol..