Esure Share Discussion Threads

[gutterhead] 23/7/2014 21:09

Think we will be alright. But dividend will do if it remains static or declines a bit. Fair value does seem above 300 IMO

[jbat] 23/7/2014 10:48

Down for quite a few days now. Think it might have found a bottom(ish) as we're near the primary trendline.

Interim results out on 4th August - likely to cause a significant dislocation in the share price, as results are wont to do. Up or down though, that's the question? They better not bodge it up like August 2013! :)

[gutterhead] 09/7/2014 20:40

Dr, hopefully not due to admiral but could be.
Might just be a shake out before the results

[dr biotech] 09/7/2014 10:41

And down again. Probable reason today is Admiral have a pretty average set of results, says UK premiums are lower than last year.

[jbat] 09/7/2014 10:40

Thanks gutterhead.

Dr Biotech - your assessment on 4th July has proved remarkably accurate - lol!

[gutterhead] 06/7/2014 20:52

I think your comments apply to us both. No personal offence intended. We are all here for the same reason

[jbat] 06/7/2014 15:35

Unkind? Maybe because when you disagree with someone, it's generally polite to criticise their ideas rather than be rude to them personally.

I hope everybody here, gutterhead included, make plenty of money on ESUR. No need to go through forums being a ballbreaker just for the sake of it....

[gutterhead] 04/7/2014 22:35

Well done redsonnong, volatility explained. Quite how my comments could be described as unkind is very funny. "It's only a share" lol

[renew] 04/7/2014 13:52

Thank goodness for some sanity!

[redsonning] 04/7/2014 11:27

I have certainly not found the recent volatility in ESUR to be anything unusual. This is especially so when one takes into account the particularly large dividend which was paid - the market takes some time to adjust after that kind of huge (real) cash reduction to the company even where the cash is known and provided in advance.
As for valuation, the reality is that there is no such thing as a correct valuation. Especially when PE ratios are being assessed, one has to appreciate that this is largely a matter of personal opinion and comparison against other companies where, once again, the PE valuation being compared with is really just a matter of opinion.
Additionally there are all kinds of reasons why the balance of risk may alter from day to day in any particular share, and we know that there have been concerns about insurance premiums recently. Concerns about premiums or perceptions about insurance risk will have significant impact on a company like ESUR, and one should not be surprised about such movements. In addition there are interest rate perceptions, political risk, as well as wider economic and social factors. I find it worrying that there are investors who take such a simplified view which says this company is worth X pence per share - that is never the case. The market will always ultimately punish such a simplistic approach.
One must be constantly vigilant for alterations in price and look to understand what is going on. Sometimes there are reasons to sell, and sometimes there are reasons to buy or to add to holdings. When we get our decision wrong it is because we have failed to understand what is happening and not because the market is wrong in some way. The market has no brain at all - it is simply the resultant price from a range of information and trades, and we as investors need to interpret all of that too. The market is neither right nor wrong - it is simply the market.
It is not easy - if it were so then everyone would be millionaires.

[dr biotech] 04/7/2014 09:05

Given the recent history perhaps today is good day to sell? I am more of a long term holder here but I wouldn't be adverse to a spread bet on the side.

[jbat] 04/7/2014 08:49

Thank you for your comments everybody. Gutterhead is entitled to his (unkind) opinion, but it's nice to think there are others here as genuinely mystified at the current level of ESUR volatility as I am.

[gutterhead] 03/7/2014 19:36

You obviously haven't read all of jbst posts

[masurenguy] 03/7/2014 14:36

gutterhead - 441: "Go and buy a piggy bank, you have neither the intelligence or disposition to invest in shares."

jbat - his username tells you where he is 'coming from' and all that you need to know about him !

[dr biotech] 03/7/2014 11:38

Up 10% on a broker rec, down 10% as blackrock sold some, up 10% because?

It does seem a little silly. Just have to remind myself to buy more at 250 should the chance arise. Probably next week.

[jbat] 01/7/2014 21:25

Oh don't be so petty. We're just discussing shares.

[gutterhead] 01/7/2014 20:29

Go and buy a piggy bank, you have neither the intelligence or disposition to invest in shares. Filtered

[redsonning] 01/7/2014 11:37

Presumably the current volatility in the upwards direction is OK, or should we blame the market about that....?

[gutterhead] 28/6/2014 13:13

Jbat
If you bought for the dividend, you've bought long term and shouldn't be concerned about shirt term movements? That's what happens with share investing
You bought at top of the moving average, that's not the markets fault. Maybe you should have bought more to enrich your dividend yield?
You should take comfort that the management of this company are in my opinion, the best in the industry and that when sentiment improves and premiums are in the right cycle, this should be over 300p. I think your investment will be fine medium term. Good luck with it
Regards
Gh

[redsonning] 27/6/2014 14:00

Jbat - If you want stability then why are you buying shares of individual companies? There are hundreds of trusts which will give you relative stability. And who exactly are you upset with for a share price being volatile? It's simply the market taking it wherever it's going. If you can't live with that then don't buy shares. On the contrary as others point out volatility is often the friend of the investor since it sometimes enables good shares to be bought at attractive prices. Apart from anything else you then say you are not trading it - so what exactly is your problem? - the price is simply a daily valuation; it changes nothing real which is happening in the company!

[gutterhead] 24/6/2014 20:37

6% dividend just come in and its a buying opportunity again! I love this share
Patience will see it 300p plus
Judging it on ten days movement, in line with the sector, when you're not looking at selling?

[jbat] 24/6/2014 12:48

It's really hard for me to find words to express how disappointed I am with ESUR over the last ten days. From 280p to 255p or worse is great for traders, but I'm not trading it - it's just nauseating volatility with no regard for the underlying at all.

[dr biotech] 20/6/2014 10:27

Its bonkers. It appear to go up nearly 10% because a broker said buy - then down as blackrock sold out. None of it seems to be particularly relevant to the longer term outlook. I guess the 50% free float adds a bit.

Some way below the IPO price, even including the divi. With a few exceptions the larger IPOs over the last 1-2 years have not been great. I suppose we need to look who is selling - private equity is never going to let us have a bargain.