Share Name Share Symbol Market Type Share ISIN Share Description
Esure LSE:ESUR London Ordinary Share GB00B8KJH563 ORD 1/12P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.30p +0.11% 276.00p 275.70p 276.00p 277.00p 272.90p 275.30p 417,503 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 647.5 72.7 64.6 4.3 1,151.56

Esure Share Discussion Threads

Showing 826 to 847 of 850 messages
Chat Pages: 34  33  32  31  30  29  28  27  26  25  24  23  Older
DateSubjectAuthorDiscuss
19/9/2017
07:28
Ah................thanks
soundbuy
18/9/2017
17:18
"Wouldn't this result in a mandatory bid for the entire capital of the Co.?" Checkout post #828 above !
masurenguy
18/9/2017
15:07
'Peter Wood was looking to sell his 30.8% stake in the firm' Wouldn't this result in a mandatory bid for the entire capital of the Co.? If somebody wanted a 'stake' rather than mounting a takeover they'd have to acquire 29.99% (or less) or perhaps I'm mistaken......... Sure Tosca would be happy with an exit. Interesting times.
soundbuy
18/9/2017
12:45
"Shares in motor insurer Esure have charged ahead of the wider market over the past year, gaining nearly 40% excluding dividends year-to-date. And this morning, the shares have added another 6% after a report published over the weekend suggested that the insurer’s biggest shareholder, Peter Wood was looking to sell his 30.8% stake in the firm. This report has sparked speculation that Esure could fall prey to a larger peer after Wood offloads his stake. According to the Sunday Times, which broke the story, Wood has already been approached by other insurance company bosses about a potential deal, and he believes he can have a deal in place by next month. Chances of a takeover It’s hardly surprising that Esure is being touted as a potential takeover target. The company is on track to nearly double revenue over the space of seven years, from £512m in 2012 to an estimated £900m for 2018. That said, profit during this period has remained stable. Still, the company has proven itself as a dividend champion since its IPO in 2013 having paid out 55p per share in regular and special dividends since 2013, around 18% of its IPO price. Analysts have pencilled in a dividend payout of 12.5p for 2017, giving a dividend cover ratio of 68%. Esure’s interim results showed that at the end of the first half the company had a solvency coverage ratio of 153%, indicating that the firm’s balance sheet is strong enough to support further generous payouts. Esure’s strong balance sheet and record of steady cash distributions makes the company an attractive target for both peers and investors alike. While you should never buy a company just because it’s a rumoured takeover target — in case the deal never materialises — as a standalone business, Esure is an attractive investment in its own right. With a prospective dividend yield of 4.7% and forward P/E of 14.7, the company looks like an attractive income and growth play to me at current levels. The prospect of a takeover is just a bonus." http://www.fool.co.uk/investing/2017/09/18/2-dividend-growth-stocks-with-takeover-potential/
masurenguy
17/9/2017
12:39
Whatever price it was at anytime over the past 12 months - ranging from 200p to 300p - is largely irrelevant. Any bid premium will be calculated at the shareprice on the date that it was actually made.
masurenguy
17/9/2017
11:32
It was £3 about 3 months ago so to me £3 isn't a premium. Even £3.25 would seem low. Will be interesting as u say to see what shares do in the morning.
nicbw01
17/9/2017
11:15
I think it largely depends upon who the successful predator is. A US, or even possibly an Asian/ME, financial services company wanting to move into the UK may be prepared to pay a premium to acquire Esure particularly if there are rival bidders. However, a UK or European operator who sees synergy with Esure is more likely to have a limit upon what they will pay. The headline in the article reflects the valuation at the current shareprice. However, I would guess that a takeout price from an overseas bidder might be in the 300p - 325p range, valuing the company at £1250m - £1375m, but again it might be higher if a real bidding war breaks out. It will be interesting to see what impact this has on the shareprice tomorrow and that may provide some indicators on a takeout price expected by the market.
masurenguy
17/9/2017
09:24
What would be the expected premium for take out £3.50 - £3.80 or is that too high.
nicbw01
13/9/2017
14:02
What's going here. I thought this was going to be taken over
nicbw01
13/9/2017
08:22
Hmmmm......broker downgrade I'm guessing
soundbuy
05/8/2017
21:45
Lv= read across. I.e. More competition?
r ball
03/8/2017
19:41
Walked down for buyer. Definitely look like a takeover candidate...
nicbw01
03/8/2017
19:23
Bizarre response from the market. What didn't it like? Results looks stunning to me. Salty
saltaire111
03/8/2017
17:19
Results obviously below expectations!
deadly
03/8/2017
09:40
Mention in FT AV 2 or 3 weeks back that eSure has been weighing up whether to remain independent.....rumoured of course....
soundbuy
03/8/2017
09:35
PW would be receptive.
r ball
03/8/2017
09:16
I wonder how long it will be before Esure is the target of an external bid from within the sector !
masurenguy
03/8/2017
08:10
Outstanding interims ! Highlights An excellent first half with growth in premiums, policies and profits -- Gross written premiums up 22.8% to £393.3m (1H 2016: £320.4m) -- In-force policies up 8.8% to 2.258m (1H 2016: 2.076m) -- Profit before tax from continuing operations up 44.6% to £45.1m (1H 2016: £31.2m) -- Combined operating ratio improved 2.6ppts to 96.6% (1H 2016: 99.2%) -- Interim dividend of 4.1p per share (1H 2016: 3.0p per share) inclusive of a 20% special dividend -- Solvency coverage(1) at 153% (FY 2016: 152%) Sir Peter Wood, Chairman, said: "esure has performed very well in the first half of the year as the Management team continues to drive the Group's profitable growth strategy. Our solid capital position has led the Board to declare an interim dividend of 4.1 pence per share, which includes a special dividend, at the same time as allowing esure to retain sufficient capital and flexibility to continue to pursue our profitable growth ambitions." Stuart Vann, Chief Executive Officer, said: "I am delighted with our performance in the first half of 2017. We have delivered strong growth in premiums, policies and profits as the success and momentum of our footprint expansion programme and disciplined underwriting continues to drive the business forward. In Motor, we are growing across all our customer segments, demonstrating the value and service proposition we offer to customers. I am really pleased with the outcome of our reinsurance renewal on 1 July which is testament to our focused underwriting approach and strong relationships with our reinsurance panel. As indicated earlier in the year, we have increased prices in the first half of the year which mitigate this increased cost to the business, whilst continuing to grow. Overall, it has been a great start to 2017, and we are firmly on track to deliver results at the positive end of our 2017 guidance."
masurenguy
03/8/2017
07:25
Also read across for Lv=
r ball
03/8/2017
07:23
Stocking results? Superb performance, well ahead of expectation. Salty
saltaire111
02/8/2017
06:33
Direct Line Group.
masurenguy
02/8/2017
00:22
R ball. What do u mean Dlg.
nicbw01
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