Highway Insurance Share Discussion Threads

[leslas] 11/5/2006 12:42

A good buy at this price i think

[jpalmer25] 11/5/2006 12:35

IC for market comment article, Sorry Paid subscribers only, but headlines are free:
11 May 2006 "Get ready to party !"

[noiseboy] 11/5/2006 10:37

well shes pulling back now

[factsonly] 11/5/2006 10:34

NJP - I think their investment funds is a separate cashpile they have built over the years (from retained profits etc), hence the high NAV/share. They have £395m (2005) of investment funds and the actual amount of premiums they write per annum is only about two-thirds of that.

[njp] 11/5/2006 10:31

Factsonly

The funds for investment come from insurance premiums!

[noiseboy] 11/5/2006 10:27

Nah...Theyve missed the boat!

[jpalmer25] 11/5/2006 10:26

Shorters moved in. Good sign ?

Hi Factsonly ...

[factsonly] 11/5/2006 10:22

It's just broken through a support level. I think that management aren't trying hard enough to drive the business forward and only maintaining a hold position. Surely they should be raising premiums a little bit more!? If the company isn't making money from it's insurance premium side and only on its investments, then why continue with the insurance business!?
Also, a target of 6.5% returns on the investment side isn't exactly exciting either. At 6.5%, they will only make £25m (less than last financial year)? So with their business ratio at near 100%, that could mean a drop in annual profits, which explains the drop in the share price.
They need new bolder blood in their management team to make best use of their assets/business, or become a takeover target again to others who can make better use of them.
(I don't hold and have not shorted).

[jpalmer25] 11/5/2006 10:20

If you look BUY and SELL levels, there is a big mismatch.
Someone at the background scooping the shares up.
When they tried to buy some shares approximately week ago
or so price went to 90p.
I have feeling that MMs are filling a big buy order.
We had a same scenario March/april time.
Just look at the chart.
( well, I hope anyway :-) )

[noiseboy] 11/5/2006 09:53

Good call taylor buyers coming in at this level now

[taylor20] 11/5/2006 09:50

Its the income I'm here for, so topped up at 73p.

[noiseboy] 11/5/2006 09:41

must be testing the bottom now

[karldinnel] 11/5/2006 09:34

That is precisely my thinking. If last year's divi (5.3p) is maintained, then we are looking at a yield of around 7% at these prices. That's a nice piece of income, especially if held within an ISA. I expect this to come back up now. If it falls further, I may throw more of my ISA cash at it.

[noiseboy] 11/5/2006 09:21

nice one karldinell hopefully a temporary blip...Tasty yield at this price

[karldinnel] 11/5/2006 08:38

Surely, this is just another case of market makers having a bit of fun. When I sold half my stake at 80p a couple of months back I thought I was being a bit clever by locking in some profit, but was soon kicking myself when I saw the shares approaching £1. Anyway, the fall back below 80p is an opportunity to top up I reckon, so I have!

[njp] 11/5/2006 08:06

What was the shocking new news in the AGM announcement, marky? We all know that they don't make much money from straight insurance. Earnings are primarily driven by investing activities.

[markycrispy] 11/5/2006 07:05

How can a Director sell the day before this announcement and not claim to have knowledge that an announcement was due the next day which would influence the share price. Scandalous!

One rule for us and one for them!

[noiseboy] 10/5/2006 18:55

a nicely timed director sell then!

[jpalmer25] 10/5/2006 14:21

The share price is bargain levels at the moment.
My charts show a quick recovery time due to attractive buying opportunity.

EDIT: WoW, the price drop way overdone. Should be approx 85p
      Any views ???

[miamisteve] 10/5/2006 11:33

Highway always make an underwriting loss. More importantly the investment portfolio stands at +3% after 4 months with a target of 6.5% for the year. Looks like on that front they will significantly beat expectations.

[jpalmer25] 10/5/2006 11:09

Any predictions ?

Looking at the sell numbers that there is not many sells and we knew their situation before.
They have mentioned that months earlier but share price still had gone up.

[taylor20] 10/5/2006 11:02

Ouch! Makes a mess of our lovely chart too.

[drsous] 10/5/2006 10:51

agm statement has same effect as results statement /initial dive /hopefully will also have same effect on share price as the following days after results

[eipgam] 10/5/2006 10:43

AGM statement went down like a lead balloon!