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 Shares Traded Last Trade
  0.00 0.0% 249.60 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
249.60 249.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 741.30 82.10 10.60 23.5 1,653
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 249.60 GBX

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Date Time Title Posts
28/10/202016:57*** Hastings ***65

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Hastings Daily Update: Hastings Group Holdings Plc is listed in the Nonlife Insurance sector of the London Stock Exchange with ticker HSTG. The last closing price for Hastings was 249.60p.
Hastings Group Holdings Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 662,217,197 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Hastings Group Holdings Plc is £1,652,894,123.71.
pj84: From below it appears anytime from now until 30 April 21 could be extended if both parties agree. They expect it to be completed by late 2020. That's a long way of saying your guess is as good as mine. "Event Expected time/date Latest time for lodging Forms of Proxy for: Court Meeting (PINK form) 11.00 a.m. on 18 September 2020(1) General Meeting (WHITE form) 11.15 a.m. on 18 September 2020(1) Latest time to request to attend 6.30 p.m. on 18 September 2020(2) the Meetings by way of telephone Voting Record Time 6.30 p.m. on 18 September 2020(3) Court Meeting 11.00 a.m. on 22 September 2020 General Meeting 11.15 a.m. on 22 September 2020(4) The following dates are indicative only and subject to change; please see note (4) below Court Hearing As soon as reasonably practicable after Bidco confirms the satisfaction or waiver of Conditions (b) to (e) set out in Part A of Part III (Conditions to and further terms of the Offer and the Scheme) of the Scheme Document ("D")(5) Last day of dealings in, and D(5) for registration of transfers of, and disablement in CREST of, Hastings Shares Suspension of listing and dealings 6.00 p.m. on D(5) in Hastings Shares Scheme Record Time 6.00 p.m. on D(5) Effective Date of the Scheme D + 1 Business Day(5) Cancellation of listing of Hastings By no later than 8.00 a.m. on Shares D + 2 Business Days(5) Latest date for dispatch of Within 14 days of the Effective cheques/settlement through CREST Date for the Consideration due under the Scheme Latest date by which Scheme 30 April 2021(6) must be implemented Notes: (1) The PINK Form of Proxy for the Court Meeting must be received by 11.00 a.m. on 18 September 2020 (or, if the Court Meeting is adjourned, 48 hours (excluding non-working days) before the adjourned Court Meeting) in order to be valid. The WHITE Form of Proxy must be received no later than 11.15 a.m. (London time) on 18 September 2020 (or, if the General Meeting is adjourned, 48 hours (excluding non-working days) before the time fixed for the adjourned Meeting) in order to be valid. (2) If either the Court Meeting or the General Meeting is adjourned, the latest time to request to attend the relevant adjourned Meeting by telephone will be 6.30 p.m. on the date which is two days (excluding non-working days) before the date set for such adjourned Meeting. (3) If either the Court Meeting or the General Meeting is adjourned, the Voting Record Time for the relevant adjourned Meeting will be 6.30 p.m. on the date which is two days (excluding non-working days) before the date set for such adjourned Meeting. (4) To commence at 11.15 a.m. or, as soon thereafter as the Court Meeting shall have concluded or adjourned. (5) These times and dates are indicative only and will depend on, among other things, the dates upon which (i) the Conditions are satisfied or (where applicable) waived; (ii) the Court sanctions the Scheme; and (iii) the Court Order sanctioning the Scheme is delivered to the Registrar of Companies. Hastings will give notice of these dates and times, when known, by issuing an announcement through a Regulatory Information Service, with such announcement being made available on Hastings' website at Any further updates or changes to these times will be notified in the same way. (6) The process is expected to be completed by late 2020 but the parties have agreed that the latest date by which the Scheme must be implemented shall be 30 April 2021. The date may be extended by agreement between Hastings and Bidco with the prior consent of the Panel and (if required) the approval of the Court. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy."
r9505571: Happy with 20% premium. No insider trading. It was reported in the Times that the take over price would be higher!
globalalpha: £2.2 (standard 30% premium to undisturbed) to £2.4 (Rand's original in-price)
wba1: I am conflicted about whether Hastings is an opportunity. On the one hand, Hastings management are a bunch of salesmen who do not understand risk pricing (please do not say Van der Meer does because he came from MoneySupermarket. Pricing for a broker - which is what MoneySupermarket is - is entirely different to risk pricing. I should know as an ex Underwriting director). But on the other hand, the last set of Hastings results were so poor (including the outlook which, to me, suggested a further circa 4% deterioration in motor loss ratio in the 2020 accident year) that the positive impact of reduced claims due to less driving will be disproportionately beneficial. If you are Sabre and have a healthy COR any reduction in claims, whilst welcome, will have less effect on the bottom line (as a %) than if your COR is poor, like Hastings. My guess is that the 2020 COR (ex prior year movement) will be circa 10% better than it would have been (based on claims halving for 3 months). Allow for the 4% deterioration previously mentioned (due to previous lack of pricing discipline) and the net benefit will be 6% (or roughly £50m more underwriting profit than in 2019). So forward p/e may be nearer 10. The problem is that the salesmen running Hastings may see this as a trigger to price more aggressively to get volume and while that will not have any material effect on 2020 results it will hit 2021 and completely screw 2022. Based on all this I am looking for an entry at 150 with a view to trading rather than holding. I think there is an opportunity, but I would not want to be holding Hastings for the long term.
eastbourne1982: Why has this held up so well ? The share price is currently at pre market crash prices when most others in the sector are down 40 - 60%. Very odd, was this going to get taken over or something ?? Seems very fishy.
masurenguy: Peel Hunt issued a new Add recommendation today with a target price of 220p.
paleje: Tempus in today's Times rates them a Buy ......Hastings has 2.8 million customer policies and makes 90 per cent of its money in the car insurance market, with the rest from bikes, vans and home cover. Hastings has a key advantage over some of its competitors — its focus over the years on technology, allowing it to play successfully in the price comparison market. Last year it went through a major tech overhaul that has enabled it retain more customers and win new business. Toby van der Meer, 42, took over as Hastings’ chief executive in March last year from Gary Hoffman, 58. A lower profile figure than Mr Hoffman, Mr Van der Meer has long experience in technology and pricing movements, having previously been a managing director at Those areas are key to most insurers’ future success, and many of Hastings’ larger competitors are rushing to catch up with its know-how. ADVICE Buy WHY The company has been buffeted but its model is smart and it has been oversold.
johnsoho: 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 ========================= ======== ======== ======
johnsoho: Anyone any idea what’s caused today’s 12p price drop? bad news etc that I’m aware of!!
ntv: 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 share price data is direct from the London Stock Exchange
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