Highway Insurance Share Discussion Threads

[badtime] 17/3/2005 09:36

Hm...i c yur point...but i c enuff buys going thru.. so there is interest..as i type another 50k...i cudnt c directors wanting share price to run away without itself while talks r ongoing..tad hard..shifting goalposts and all that..as someone said above..modest uptick on fav press..wud be expected.

[richiericher] 17/3/2005 09:25

sorry badtime - I was just trying to be a little balanced here....

There is no interest at 43p with these extremely bullish results - We should ask oursleves why?

I think it is due to the fact that the takeover talks have already rallied the price (What was it in Jan?) and if these come to nothing, like Cox last year, they will fall back...

[badtime] 17/3/2005 09:19

Erm..bit like any business rich...wud u rather they weren't? Results seem to speak for themselves

[richiericher] 17/3/2005 09:17

Hmmm...

Would the Directors not want to be as bullish as possible with takeover interest?

Great results, but the market continues to be extremely competitive and volatile.

Surely the real value of HWY today is what Chaucer/Fortis or others are willing to pay?

[topinfo] 17/3/2005 09:03

And they have upped the dividend.

LONDON (AFX) - Highway Insurance Holdings PLC has raised its dividend and
flagged up 5 pct increases in payout in the next two years, after its full-year
profit came in little changed from last year.
The company also said it was continuing to hold "detailed discussions" on a
possible offer.
Highway made a full-year profit before tax of 21.4 mln stg, compared to 21.9
mln last year, with net earned premiums rising to 225.6 mln stg from 168.0 mln.
It raised its final dividend by 10.1 pct to 1.85 pence, giving a full year
payout of 2.65 pence, up from 2.48.
tc

[iroll] 17/3/2005 08:46

A solid set of results with only a few months' contribution from the businesses acquired in the second half.

The message coming through strongly is upbeat and positive and I believe we will see a modest rerating with the benefit of favourable press comment.

The possible enhancement should the takeover talks come to fruition, seems to be a bonus thrown in for nothing.

[thecleaner] 17/3/2005 08:41

RNS Number:8639J
Highway Insurance Holdings PLC
17 March 2005

Not for release, publication or distribution in whole or in part, in or into the
United States, Canada, Australia, Japan or any other jurisdiction if to do so
would constitute a violation of the relevant laws of such jurisdiction.

Highway Insurance Holdings Plc ("Highway" or the "Company")
Update on discussions regarding a possible offer for the Company

On 4 January 2005, the Board of Directors of Highway (the "Directors") first
announced that it had received approaches from a number of parties who had
expressed an interest in making an offer for the Company. The Directors confirm
that they continue to hold detailed discussions and that the Directors remain of
the opinion that these discussions could result in a formal offer being made for
the Company. There can be no certainty that an offer will ultimately be made.
Shareholders will be updated on further developments in due course.

[thecleaner] 17/3/2005 08:29

Topped up this morning

[oniabsta] 17/3/2005 08:29

did you see this just above?
Highway is unique in its sector in applying FRS 17 in full. Had FRS 17 not been adopted net assets would have been #83.4 million (41.9p per share).

[factsonly] 17/3/2005 08:22

Just spotted a nice line in the announcement "Net assets were equivalent to 40.4p per share at 31 December 2004 (2003: 35.1p)", I'm tempted to top up.

[badtime] 17/3/2005 08:05

and a nice couple of 50k buys

[thecleaner] 17/3/2005 08:02

Nice results. Marked up a miserly 1/4p. This one deserves a serious re-rating.

[adon] 16/3/2005 18:26

Under 'Chaucer' it is suggested that they are the likely bidder? Will we find out tommorrow?

[lbo] 16/3/2005 10:46

Cox Insurance have just recived an offer of 92p + 2p div

[lbo] 15/3/2005 18:20

Todays Telegraph highlights the sector

Lloyd's insurers were better on the back of pleasing results from Hiscox, up 1¾ to 173¾p. Amlin gained 5 to 177p while insurance broker Benfield Group recovered 7 to 265p.

[warranty] 14/3/2005 22:24

Not much to say TOPINFO just watching and waiting for some news which will maybe come with results. Until then as you say we know numbers will be good so any other news will be a bonus as long as it's positive.

[topinfo] 14/3/2005 21:26

Very quiet on a thread of a stock thats results are out in 3 days time and is in advanced takeover talks..

[topinfo] 11/3/2005 21:29

Results out on 17th March, should get an update on takeover or firm confirmation of offer and terms, and figures are expected to be good. Looks like this date may be turning point for HWY and could test some new highs very soon.

[tiraider] 09/3/2005 20:42

I wonder if Norwich Union's bid for RAC will have any effect on HWY re valuation? Maybe NU are one of the intersted parties after HWY?

It's all about gaining/buying motoring insurance customers.

[superdonkey] 07/3/2005 19:17

all buys today - but no price movement ?

[badtime] 03/3/2005 18:51

148k rollovr at end of day

[theberg] 01/3/2005 13:37

Ursus,

Thanks will update my chart on results dates.

Thought BRE Results were excellent, your views?

[theberg] 01/3/2005 13:35

Any views on Bear Sterns CFD Long Positions?

[still waiting] 28/2/2005 20:29

May dip in for more tomorrow...