Highway Insurance Share Discussion Threads

[siskinbird] 08/3/2006 11:17

rob
I don't think analysts' meetings have outcomes as such, and there won't be any announcements about it - I think the idea is just to brief people and to answer any questions about the results. What the analysts then do with the information is up to them!

[rob1914] 08/3/2006 11:09

does anyone know when we will here the outcome of the analysts meeting?

[jpalmer25] 08/3/2006 11:00

Well, whoever had a spare cash that missed a golden oppurtinity to buy @73.5p today.
Unfortunately we will not see it again in short term ...

[siskinbird] 08/3/2006 11:00

What does going into auction involve?

[smarm] 08/3/2006 10:58

..however, fall was way overdone.

S

[smarm] 08/3/2006 10:56

Gorse - the numbers are excellent but the chairman's statement is just as important when looking at results.

S

[jpalmer25] 08/3/2006 10:50

May I say " What a tree shake ! "

[gorse] 08/3/2006 10:50

Reckon I misread the results. The outlook is full of cautions and warnings. Not clear, of course, where the sales are coming from ... but they're not all tiddler sales. I will hold.

[fundamentalist1] 08/3/2006 10:42

down 11% and gone into an auction mid morning by the look of it

[siskinbird] 08/3/2006 10:41

Oh dear - freefall.

[siskinbird] 08/3/2006 10:22

Ouch! Typical. 2 of the companies I have shares in posted results today. Both really good sets of figures. Result....one down 6%, the other down 14%.

[smarm] 08/3/2006 10:21

Siskinbird - I have to agree that there are negatives in there. I decided to sell to bag a nice 40% profit. Will look to get back in again but all that challenging stuff puts me off in the short term. The dividend is great but I can live without it.

What puzzles me is why the forecast isn't better, I thought the insurance sector was going very well.

S

[eipgam] 08/3/2006 10:19

Ananlyst meeting can't be going too well... 6.6% down already. It is a difficult job forecasting the market at the mo'!!

[siskinbird] 08/3/2006 09:43

Great numbers in the results but quite a few negatives:-

- resignation of finance director
- loss of 3 non-exec directors
- extremely cautious outlook, with worries about competition
- on the investment side, market conditions were "kinder to us than we might have hoped", and the company's profits are arguably made up entirely of the £27m investment income.

It will be interesting to see what happens to the share price once the analysts' meeting (which starts at 10am) is over.....