Highway Insurance Share Discussion Threads

[leadersoffice] 09/9/2005 16:33

thanks for the above info on divi
But it did say you had to be on the share register 16th Sept for the payment in Oct
Given that I bought them this morning on a T10 I wont be on the share register in time.

[mertles] 09/9/2005 15:01

14th randv will be the ex- date.

[scotch broth] 09/9/2005 14:42

Whilst jam tomorrow stories often disappoint, Highway's results are usually biased towards the second half.In each of the past two years the final earnings quadrupled the interim figure.Fingers crossed. I,ve bought lots.

[gorse] 09/9/2005 13:09

But don't forget the final dividend will be at least 3.4p. The company has too much cash!

[randv] 09/9/2005 12:58

as long as you hold them till close of business 16th September

[mertles] 09/9/2005 10:46

Leadersoffice. HWY goes ex-divi next week so you won't miss out on the interim divi.

[leadersoffice] 09/9/2005 10:06

Just bought into this.
Based on yesterday's results...looks tasty!!!
And you get a juicy divi which i will miss out on this time.

Will the share price hold up? and what are the chances of a possible takeover or is the door slammed closed for the time being?

[nigelpm] 09/9/2005 08:29

absolutely Gorse.

I certainly did!

It looks like that placing was holding it up yesterday.

[steeplejack] 09/9/2005 08:01

66p would give a yield on forecasted final of 7.5%,i don't think that's asking too much.

[gorse] 09/9/2005 07:43

Some punters must have been doing their calculations of the cash flow and dividends of this one, as there's lots of buys this morning.

[mertles] 09/9/2005 06:50

Quote from the times today:

"Highway Insurance, the motor insurer that has previously drawn bids from Cox Insurance and Chaucer, rose 11p at 56¼p on proposing an 89 per cent increase in its full-year dividend to 5p, indicating strong cash generation. That increase - which gave a prospective yield of 10 per cent - triggered interest from income funds, helping Arbuthnot Securities to place a block of 12 million shares, or a 5.9 per cent stake, at 55p."

[049balt] 08/9/2005 17:15

Who would want to sell out with a near 10% divi. on the way.

[robbi123] 08/9/2005 16:30

what the hell was that 11m X trade all about??

[nigelpm] 08/9/2005 15:04

Great results. should see some pick up in coming weeks.

[alexandrews] 08/9/2005 13:03

One thing is sure, you won't get this yield anywhere else unless the company is going under.

I guess we'll just need to wait for the other ILV's to finish reporting their interims 8-)

Alex

[049balt] 08/9/2005 12:42

A nice 250,000 T trade just gone through.

[factsonly] 08/9/2005 12:41

I liked the results so much, that I couldn't resist topping up at 51p this morning.

[thecleaner] 08/9/2005 12:38

One thing is sure, you won't get this yield anywhere else unless the company is going under.

[makingheaps] 08/9/2005 11:12

So many positives in this statement. I like the way they didn't announce a dividend hike as part of the defence against Chaucer because it would have been read the wrong way. Its much more credible to announce it now. Look at the re-rating in the share price as a result. Consolidation in the industry remains sensible but HWY is now in a stronger position to act as consolidator with its revalued paper

[alexandrews] 08/9/2005 10:01

I love blanket statements like "the cover is not an issue". The cover isn't an issue provided profits/earnings are growing - but then what is an issue when profits/earnings are growing?

Alex

[drsous] 08/9/2005 09:59

tried x3 this am to get in this am failed on limit order until put in 2p over offer .still a bargain at this price

[049balt] 08/9/2005 09:45

Great looking chart also.

[skyracer] 08/9/2005 09:14

Agreed, the cover is not an issue. Looking back at Interims 2003 & 2004 earnings were only 1.7p and 1.6p yet Final earnings were 7.4p and 7.5p respectively so Final earnings 2005 of 10p would not seem unreasonable. Amazed that CR hasnt popped up here.

[factsonly] 08/9/2005 09:04

the cover is not an issue, it is covered. More importantly, there should be some momentum behind profits growth and so even if the divi is flat the year after the cover will be much better. The most imortant thing about the announcement is the show of confidence from actually hiking the dividend up so much now and what they intend to do for the final divi too.

[alexandrews] 08/9/2005 07:54

The prospective dividend yield looks most attractive, but the prospective dividend cover, at only 1.6, is by the far the slimmest in the sector...

Alex