Share Name Share Symbol Market Type Share ISIN Share Description
Hastings Group Holdings Plc LSE:HSTG London Ordinary Share GB00BYRJH519 ORD GBP0.02
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 249.60 249.60 249.80 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 741.3 82.1 10.6 23.5 1,653

Hastings Share Discussion Threads

Showing 26 to 46 of 75 messages
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Just taken a tiny piece here at 181 in the hope that it is a bit oversold following the last update. Probably a bit too early-but liked the look of the company and wanted to dip a toe in the water. Hoping for a medium term recovery.......
Aye...looks interesting....and I've taken a small position...
Seems like an undiscovered gem Undiscovered by me until just now - and I insure with them!
Not to bad a trading update I thought but the share price has certainly suffered !!! RNS Number : 1630X Hastings Group Holdings plc 26 April 2019 Hastings Group Holdings plc Trading update for the 3 months ended 31 March 2019 26 April 2019 Hastings Group Holdings plc ('the Group', or 'Hastings'), the technology driven insurance provider, today provides an update on its trading performance for the quarter ended 31 March 2019. The Group has made positive progress delivering on its strategy, with policy count growth in a competitive market through improved retention rates. The tender of the Group's claims service partners has been successfully completed and further progress has been made on the programme of digital initiatives. Financial and Operational review -- Gross written premiums up 4% to GBP235.5m for the 3 months ended 31 March 2019. -- Live customer policies up 3% to 2.75 million, in a competitive market environment. -- Net revenue down by 1% to GBP183.1m due to lower earn through of premiums and reinsurance income from 2018 relative to the equivalent period last year, which benefitted from favourable 2017 premium dynamics, offset by retail income which has grown in line with policy volume. -- Claims inflation remains high across the industry, with the main drivers continuing to be repair costs and further increases in third party property damage costs. -- Material progress made in the transformation of repair and mobility services. This will provide improved commercial terms, better customer experience and new digital functionality, with the appointment of Vizion Network, Enterprise Rent-A-Car and Autoglass BodyRepairs as our new claims service partners. -- As a part of the Group's strategic initiatives, new renewal models were tested and rolled out in the 3 months ended 31 March 2019 which amongst other initiatives have increased retention rates by circa 4ppts. -- Focus remains on delivering operational efficiencies from the continued digitalisation of the business. Whilst we are starting to see the early sign of benefits, we anticipate that certain expenses in 2019 will increase compared to the prior year, due to recent changes in UK law restricting VAT recoveries and increases in both the Financial Services Compensation Scheme and Motor Insurers' Bureau industry underwriting levies. -- The Group's digital and technology investments are delivering, with the mobile app having been downloaded over 200,000 times, almost 35% of total loss claims now being settled digitally and more than 1.6 million policies on Guidewire. Toby van der Meer, Chief Executive Officer of Hastings Group Holdings plc, commented: "I am really pleased with the progress we have made towards the strategy and plans we set out with the full year 2018 results. We have clear areas of momentum that leave us very well positioned for ongoing profitable growth in 2020 and beyond. Alongside many other initiatives underway, our new claims supplier deals, increased customer retention and digital enhancements demonstrate the significant progress made in the first quarter of 2019. "The motor market continued to be competitive in the first quarter of 2019, but as always, we will trade through this environment with discipline whilst remaining focused on the execution of our strategy. "My continued thanks go to my 3,400 colleagues for what they do for each other and our customers every day." Outlook The Group continues to closely monitor market premium rate dynamics and claims inflation, and in particular third party property damage costs which remain high across the market. The Group's full year loss ratio outlook depends upon the market environment during the remainder of 2019. If the current market premium and claims dynamics continue through the year the Group loss ratio would be expected to move towards the higher end of the 75% to 79% target range. In light of the good progress on key initiatives, including renewals, digital and the new claims service partners, as well as Hastings' strong capital position, the Board remains confident in the Group's profitable growth opportunities driven by its competitive advantages. Group performance 3 months ended ========================== 31 March 31 March Growth 2019 2018 ======================= ======== ======== ====== Gross written premiums (GBPm) 235.5 226.0 4% Net revenue (GBPm) 183.1 184.5 (1)% ========================= ======== ======== ====== As at ========================== 31 March 31 March Growth 2019 2018 ======================= ======== ======== ====== Live customer policies (million) 2.75 2.67 3% UK Private car market share (%) 7.6% 7.4% 20 bps ========================= ======== ======== ======
I bought into Hastings this morning after I found it via a screen. Seems like an undiscovered gem.
Strong level two - hopefully we can move up and breach £2 now
In answer to the question above, this downgrade by Caz might have had an effect:- 03 Jul JP Morgan Cazenove Neutral 234.90 335.00 315.00 Downgrades
No idea - it's not ex-divi date, there are no relevant RNSs and my other insurers are up....let's hope it's random noise.
Anyone any idea what’s caused today’s 12p price drop? bad news etc that I’m aware of!!
Another solid company for the income portfolio and a bit of diversification with the inclusion of an insurer this time around. Dividend yield is about 5.3%.
shard of glass
At 297 this has to set up again, but looking fine.
better to individual policies imho as you claim one one it would not affect every policy in the same way i had seven car policies a few years ago mostly with different insures it was under half the price of fleet or multicar much lower excess and full value for car
Hastings are great on price, and if you dont have an accident. But if you do, they are just appalling!
Essential - I have not - motorcycle insurance is the tricky one - 3 big Harleys and a BMW - I am now going down the route of talking directly to insurers with a view to having a private "fleet" policy, if that makes sense. Odd that living in rural Mid Wales that the premiums are so high. Must be because I have advanced motoring and riding qualification, locked and heated garages, the estate is secured each evening, all buildings and outbuildings are alaramed with redcare, motion sensors for lighting and CTV covers all outside entrances, parking, driveways and the interiors of garaging and storage..... oh and for good measure, there is electronic tracking on the Harleys Perhaps if I were some delinquent herbert with a series of ASBO's to my credit, unemployed and a string of offences pending....... ?
erogenous jones
EJ, have you not tried Direct Line out of interest?. And 3.5K is a fair chunk.
What a hopeless outfit...... attempted to add another couple of vehicles onto my policy with them and it started with a barrage of questions to identify me - 8 and I was not prepared to answer any more impertinence. Customer services were little better. A representative rang me back. As they had terrible diction, I could not even elicit their name despite asking 4 times. It might have been John or Tom or Jim or Tim - it transpired neither and I was transferred to another bloke, Giles. An hour later and no further forward. Have taken matters up with executive level complaints. I know my account is only worth about £3,500 premium each year to them, but have a 42 year NCB with neither accident claim nor conviction in that time covering well over 1m miles by car and a further 200,000 on motorbikes. Money for old rope I would have thought to add another car and a motorbike onto the policy. Can only ride or drive one at a time.
erogenous jones
sold out today, probably to early again though we will have to wait and see
nice breakout over the last few days, maybe a bid forthcoming from new slarge shareholder or is it just the broker upgrades
heavy trading in auction, breakout time or a fat finger?
Prelims out.....
Good news on Hastings today relative to the Direct line and Admiral. Direct Line and Admiral hit badly. Esure (1ST place) and Hastings (runner up) in much better shape. What an absolutely ridiculous decision by the Government. Guaranteed to add 5% to insurance premiums from March and destabilising the insurance industry in the meantime as none of the companies were projecting such a low discount rate and this hits their capital surpluses. To me a negative discount rate is ridiculous. I'm an accountant and don't see discount rates below 1% on anything I look at. Having a negative discount rate looks and is totally ridiculous and a direct result of printing money. The government are stoking up massive inflation for later in the year. First food and energy, now insurance. What next?
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