Esure Share Discussion Threads

[yam114] 08/1/2015 09:09

Nice to see an improvement in price.

[dr biotech] 08/1/2015 09:08

Ah yes. Apologies for the mix up.

[diku] 07/1/2015 21:22

Not me....somebody using a similar username....

[dr biotech] 07/1/2015 09:52

You were predicting 140p four weeks ago, whats made you change your mind?


dlku 10 Dec'14 - 22:28 - 548 of 553 0 1

looking like 140p

[diku] 06/1/2015 22:13

Hope so....domestic play...

[bikeaholic] 06/1/2015 16:59

Can we break and stay above 214 this time?

[bikeaholic] 23/12/2014 17:42

What are the chances of hanging on to these modest gains? Bouncing off a double bottom but need to avoid the double top now.

[dr biotech] 19/12/2014 09:40

It would have been good if this was made available to retail punters too. As far as I can see the minimum application size is £100k which is beyond most PIs

[bikeaholic] 18/12/2014 16:56

"esure Group plc

£125,000,000 6.75 per cent. Subordinated Notes due 2024
Issue price: 98.703 per cent

The Notes will bear interest from (and including) the Issue Date at
the rate of 6.75 per cent. per annum."

My fear is that this will impact on the divi for ordinary shares.

[dlku] 10/12/2014 22:28

looking like 140p

[gutterhead] 10/12/2014 21:49

Yes obviously....

[brancho] 10/12/2014 21:31

Assuming they maintain the divi

[gutterhead] 10/12/2014 20:35

Goodness me, what a bargain. Yield must be in 8% territory.

[masurenguy] 08/12/2014 16:06

RNS Number : 0530Z
08 December 2014

esure Group plc's proposed Acquisition of the remaining 50% of Gocompare for £95m

esure Group plc ("the Group") today announces that it has conditionally agreed to acquire the outstanding 50 per cent. of Gocompare.com Holdings Limited ("Gocompare") for a consideration of £95m, increasing its holding to 100%. ("the Acquisition"). The Acquisition is subject to Competition and Markets Authority approval.

Funding

The Acquisition will be funded by an issuance of up to £125m of dated ten year tier two subordinated notes. Deutsche Bank AG, London Branch, has been appointed to act as sole lead manager and sole book runner. Stuart Vann, Chief Executive Officer, and Darren Ogden, Chief Finance Officer, will commence a debt marketing roadshow with fixed income debt investors later this week and the Group expects to announce the final terms of the placement in due course.

Solvency Capital

Following the Acquisition of Gocompare, the Group's capital ratio under the current regime will improve modestly as the notes will qualify as lower tier II capital under Solvency I, restricted to a maximum value of 25% of the minimum capital requirement. The Group's capital position will be strengthened under Solvency II as tier II debt will be permitted as qualifying capital up to a maximum value of 50% of the solvency capital requirement.

[dr biotech] 08/12/2014 13:54

Well todays news hasn't been met with a great boost to the share price

Can't say I really know whether its a great deal or not. I'd rather that they hadn't raised debt to pay for it though. I would run a company along the lines I run my own finances and unless its short term being in the black is always better than having to give money to the bank. Having said that, if they can get it at 2-3% then is does make sense.

[bikeaholic] 25/11/2014 09:48

Standard Life dumping again. Did anybody see an RNS for the reduction from 37,356,547 to 34,353,412 shares?

[bikeaholic] 21/11/2014 22:43

Aviva...............So who wants to take over esur?

[dr biotech] 19/11/2014 11:57

I'd always wait for 2 blue days before trying to catch a falling knife - but I hold too many of these at 230 to want to average down. Just have to hope they keep the divi at a similar value to last year.

Hopefully this is the bottom, though a change in the market it what is needed.

[bikeaholic] 18/11/2014 17:26

Hallelujah................A BLUE DAY.

[nofool] 17/11/2014 12:44

I added this morning too. Seems to be a tad oversold just now.

[dr biotech] 17/11/2014 11:52

Seems to be totally friendless at the moment. Longer term you would think that premiums will have to harden. There was an article over the weekend about insurers needing to ensure they keep their reserves up - doesn't help already poor sentiment.

[wllmherk] 17/11/2014 11:10

Bought some this morning, the yield alone makes these tempting and the share price must have a floor at some point.

wllm