We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Highway Ins. | HWY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 73.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 73.50 |
| Top Posts |
|---|
Posted at 05/9/2008 10:51 by nigelwestm I know what you mean. I first got into HWY a few years back when the shares were just over 40p because it was already a high yield play, but then they increased the divi aggressively and the shares shot up to 93p. I'd bought all the way up, and was hoping to see a pound but it never happened.I've been trading in and out ever since (my last really good sell was 5,000 shares at 81p earlier this year) but I still had plenty of shares when the share price headed south. Overall all, if you count divis, my average purchase price of the shares works out at around 55p so I can't complain too much. Still, I am holding for a few more weeks to see if another bid emerges... |
Posted at 03/9/2008 08:39 by nigelwestm It's funny. The current share price is what I was expecting if HWY had simply maintained its divi, yet it is being taken out!I think LV have got themselves a real bargain. Wish I had a much larger holding (like 20% of the business or something) because if I did I wouldn't be selling... |
Posted at 28/8/2008 08:31 by nigelwestm I have to say that I am very p1ssed off with that IMS earlier in the year. It was that statement that sent these below 50p (from above 80p each) and now we are being told we are getting a premium of around 50% for our shares!!The point is that this company is still in very good shape and I think it is not a suitable time in the cycle to be selling up. I held on because I was convinced that things couldn't have been as bad as the reaction to the IMS suggested, and that the divi would not be cut. But what's the point in holding on for a maintained divi, and share price recovery, if the company is then sold...??? I shouldn't get too upset since I just worked out that - with the divis I've been paid already - the current offer gives me a 30%-plus upside to my investments in Highway over the past three years. But I was hoping for much more. I just hope that there aren't too many insurance industry executives on holiday at the moment. Surely, rival companies paying attention to the situation will recognise a bargain! |
Posted at 28/8/2008 06:33 by welsheagle RNS Number : 1797CHighway Insurance Group PLC 28 August 2008 Highway Insurance Group Plc 28 August 2008 Recommended cash offer by Liverpool Victoria Friendly Society The Board of Highway Insurance Group has announced today that it has reached agreement on the terms of a recommended cash offer that is to be made by Liverpool Victoria Friendly Society for the entire issued and to be issued share capital of the Company. Under the terms of the proposed offer, the shareholders of Highway Insurance Group will receive 73.35p per share in cash as well as an interim dividend of 1.65p per share with respect to the six months ended 30 June 2008. Further details are set out in a separate offer announcement that has been released today. Interim Results 2008 6 months ended 30 June 6 months Year ended 2008 ended 30 31 December June 2007 2007 Gross written premiums £130.7m £131.2m £250.6m Profit before tax £1.4m £11.8m £24.3m Operating ratio 98.5% 100.9% 101.4% Net investment return 0.4% 3.9% 7.9% Retail broking revenues £12.0m £12.7m £25.6m Net assets £98.0m £93.8m £102.7m Investment funds £414.0m £416.0m £439.0m Earnings per share (basic) 0.5p 4.1p 8.6p Interim dividend 1.65p 1.65p N/A Commenting on the results, Richard Gamble, Chairman said: "Although the result for the six months ended 30 June 2008 is disappointing when compared to previous years, we are pleased that our investment managers have protected capital during what has been a period of extreme conditions in financial markets in early 2008. The improvement in underwriting conditions that accelerated in the second half of 2007 has continued in 2008. Our underwriting and distribution businesses remain well positioned to take advantage of the upturn and the Board remains confident about the outlook for the business. We are therefore paying an interim dividend of 1.65p per share, the same as last year." |
Posted at 27/8/2008 15:36 by wallywoo Aslong as there is no further deteoration in the results (from the previous profit warning), I reckon we should sale up to 80p plus. I would be surprised if the talks are a fire sale (ie hwy are in trouble) but lets wait til tomorrow. |
Posted at 27/8/2008 15:12 by abcd1234 HWY are reporting on the 28th August/tomorrow?? |
Posted at 27/8/2008 13:10 by nigelwestm Well, we'll have to see what the institutions want? Cash now, or greater dividend income long term.With the way the Credit Crunch is going it wouldn't surprise me if they go for the former... |
Posted at 25/8/2008 12:39 by welsheagle From August's 'Company Refs', when price was 50.5p:-a/ Prospective PE ratio of 6.25 (based on three broker forecasts, two recommending 'buy', and one recommending 'hold'). b/ Positive cash flow per share of 13p per share. c/ Net cash per share of 61.3p. d/ Prospective dividend of 12%. e/ Four directors buying recently. |
Posted at 19/8/2008 01:40 by miamisteve ursus - I knew I was selling low, but I bought LRE low @288p. 15% divi. p/e x 4.Highway promised profits this year from their underwriting but they didn't materialise. I simply don't think that they are an efficient operator and their investments seem more exposed to declining equity markets than other plays. My other insurer which is at a low, but which I prefer the prospects of is Catlin Group. As I also mentioned my bank removed lending value against HWY, so switching to larger players in the sector gave me a cushion against margin calls. I am heavily leveraged. |
Posted at 16/6/2008 07:49 by wallywoo Interesting that Debra Williams (x MD of confused.com) has joined HWY. Show great ambition from HWY, and reinforces the likelyhood of a quick recovery here IMHO |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
