Hansard Global Share Discussion Threads

[this_is_me] 22/11/2012 08:10

I piled in yesterday. I hope that I got my timing right!

[deepvalueinvestor] 21/11/2012 23:30

true but most of the claims relate to the same investment but from different angles so the amounts involved are not as much as it first seems.the reason they do not take it too seriously is how can an administrator be blamed for a bad investment?

[grahamburn] 21/11/2012 09:42

There is still, however, the threat of successful claims by some policyholders hanging over the company, though the company seems to think it has a good defence. It steadfastly refuses to make any provision for the prospective claims which implies it is either unconcerned or doesn't want to fuel further claims. (The legal costs are already significant and rising, but are written off as the are incurred.)

[deepvalueinvestor] 20/11/2012 23:40

Better bid in size today so perhaps a rally will now occur. Institutions are struggling to find stock at current levels - the next resistance looks to be 92p.

With lots of cash, a steady stream of income from regular premium business and a yield of over 9% in 2013 and beyond,one might forget that is actually an interesting long term emerging market growth story.

[fangorn2] 13/11/2012 11:39

Director/PDMR Shareholding

[this_is_me] 09/11/2012 08:01

This is starting to look very good at these levels.

[aleman] 02/11/2012 16:46

It's in the notes to the accounts:


The Board has resolved to pay a final dividend of 8.0p per share on 19 November 2012, subject to approval at the Annual General Meeting, based on shareholders on the register on 28 September 2012.

[afpk53] 02/11/2012 16:39

I've been looking for an ex-div date for the final dividend and haven't found one so far in the accounts. Can any of you regulars help? thanks

[aleman] 30/10/2012 11:28

I see they've already revised Spanish GDP up a touch.

[paul_butcher1999] 28/10/2012 21:10

loganair - the market is already pricing this in to a large extent. The reality will push lower for a bit - but the reality of euro break up is priced in. People are not total morons. The question is then whether the break up is more or less benign than the market thinks. I suspect it would be better than people think once settled down. But this is a whole market issue. Hansard is actually one of the (much much) less exposed companies to the Euro.

[loganair] 27/10/2012 12:22

pb1999 - I totally disagree, if one or more of the Med countries have to leave the Euro, then there will be a massive and sudden fall in the stock market. Financials and insurance companies will be hit extremely hard, therefore the likes of Hansard will be hit extremely hard compared to the likes of Sainsbury.

[paul_butcher1999] 26/10/2012 20:41

Logainair - if you want to make general comments on stocks then make it on a general comments board. There is nothing specifically relevant to Hansard about a euro collapse. In my view Spanish, Italian, Portugese and Greek (and possibly others including even Finland for the opposite reason to the others) is 100% certain at some stage in the next few years.

But does this impact Hansard more than the general market? No.

Are people who invest in Hansard sold policies at risk to the extent they are exposed to Spain, Portugal etc, yes - but I doubt any sane investment manager would be doing that .... Ad that is a different question to whether Hansard is exposed above normal shares to the euro collapse.

[vosene] 24/10/2012 11:02

Surely the bigger worry for HSD is losing their court case? A Euro crash may or may not happen but HSD having a year of dividends wiped out by a negative court judgement is a more concrete concern. I didn't like the way the potential liability increased from 7 to 11 million this year, and it will probably grow further before it gets resolved in court. The only real certainty is a drain on HSD for legal fees.

[loganair] 24/10/2012 10:26

pb1999 - It is very relevant to Hansard as 27% of their business is derived from the EU and 27% of their financial instruments are denominated in Euro's. When what happens, happens it will initially effect the entire stock market downwardwise, especially financials and insurance companies.

pb1999 if you think otherwise then I would seriously consider if it is a good idea for you to be invested in the stock market.

Aleman - Spain has slashed it's education budget with a further to come over the next couple of years. Pupils will now be expected to pay for all their books & the Spanish still do not like paying taxes as most jobs are still paid cash, with out going through the books.

Spanish politicians, are debating a new budget plan that would add an additional €39 billion in savings, as part of the plan to reduce spending by €150 billion between 2012 and 2014 with pay cuts and tax rises.

During my last visit to Spain is was so quiet, no building going on at all. It was building that was much of the growth in the Spanish economy over the past 10 years. And I only received one Euro bank note with a 'V' Spanish prefix. In fact the majority of Euro bank notes in the local area are prefix 'X' Germany followed by 'N' Austria and 'P' Netherlands. There were No Greek, Portuguese, Cyprus, Italian, Slovenian, Slovakian Euro notes to be seen.

[paul_butcher1999] 24/10/2012 08:23

All this euro stuff is interesting, but to be fair to Hansard it's not really relevant to Hansard which is focused in high growth areas rather than the EU.

[loganair] 23/10/2012 14:50

I'm still holding fire:

Spain - now 5 quarters of negative GDP and now the number of people employed is down another 4.25%.

Greece - Largest constituent of the Greek stock market which is 20% of the entire Greek stock market going to de-list moving to London.

IMO with in the next couple of years there is going to be an almighty crash and therefore am keeping as much cash available for this time when IMO will be able to pick-up HSD for sub 70p. I also think RSA (Royal Sun Insurance) will be in the same boat.

[westcountryboy] 03/10/2012 08:08

I have also bought back in, FWIW. Yield confirmed at 9% and still lots of positives in the results, including 48p of cash ps. It has fallen 50% since the high which might be enough for the moment. I can't see why it should go any lower.

[pvb] 02/10/2012 17:48

Director Buy today.

[loganair] 29/9/2012 13:16

I read a report that gave HSD a Fair Value of 96.32p per share which was written when the share price was 118p. Well! we are nearly there now.

I am holding fire as I still think some thing is going to happen with the Euro whether it be Greece, Spain or even France. When it does I can see stocks such as Hansard and the insurance stocks fall by at least 25% or even may be a little more at which time I'll pile back-in.

Look at France how their unit labour costs have risen by nearly 30% since 2000 while Germany by no more than 8%. Some thing has to give....... France is more a Latin counrty like Spain rather than Northern European like Germany and the Scandinavian countries.

[sparty1] 26/9/2012 13:04

SO.......if I buy today through barx nominee account will I get the divi? cheers...

[cwa1] 26/9/2012 09:38

MMD

Register date always 2 working days AFTER XD date. XD date almost invariably a Wednesday.