Highway Insurance Share Discussion Threads

[the drawf] 15/3/2004 11:39

hope its more than that

[pdyke14856] 15/3/2004 11:23

Always been worth 40p this one.

[biomax] 15/3/2004 10:34

I recknon downside is limited, in the midterm,
whereas up side could be as high as 100%

[stoneme] 15/3/2004 10:08

this_is_me,

The results are a slight improvement on 2002, but hardly anything to shout about - You have to look very carefully at the detail. Pensions and accoutning methods should assist with your assessment.

Stone

[this_is_me] 15/3/2004 09:19

After these results they would have to offer nearer £1 a share.

[pav 1] 15/3/2004 09:16

yep good set of results, should get a boost from here, possible t/o target

[stoneme] 15/3/2004 09:12

If £70m is not fair value Factsonly, what would?

Paddyfool is quite correct in the point he makes and as such, a merged operation would benefit all shareholders - What am I missing?

Stone

[pdyke14856] 15/3/2004 09:00

Good looking set of results.

[thecleaner] 15/3/2004 08:19

Results out today looking good. The chart is starting to look fantastic. Bought in first thing. Now on a p/e of 5 and a possible takeover target to boot. Can't lose on this!

[paddyfool] 14/3/2004 21:01

The business is terribly capitaly restrained. They would have to go to the market for more to grow the business. A takeover by a company with better access to capital could be seen as a good move.

[factsonly] 14/3/2004 19:55

Apparently the Sunday Telegraph says that Cox Insurance is in talks of buying Highway. It says Cox will buy it at £70m. I don't think anyone would sell out at that price, it would be criminal for anyone to accept it or for the board to recommend it.

[ydderf] 08/3/2004 14:16

the problem with this one, is that the management intend to obtain a 5.5 return in investment assets from more active management - mainly through using specialists (see last a report) this means that......oh well, draw your onew conclusions, the market clearly has!

[ally42] 05/3/2004 20:20

Anyone have a strong view on this share? Dividend seems safe and very high.

[looneytune] 02/3/2004 10:08

The results are out in 2 weeks, if good, does this price increase on the rumour before the results or traditionally after the results???

[pdyke14856] 17/2/2004 11:06

Its been interesting recently. I stuck £10k in a few weeks ago only to watch it stay the same. There was a bit of volume but then little movement.

There was some big instituional purchases over the last couple of years and I have always thought 50p was a good price but always seems to drift.

Anyway I still believe 40p in the next month or so and with a divvy of 7% should be a good return IMO.

[spinvest] 17/2/2004 11:03

Decided I liked this one today and bought in at just under 35p, which appears to be good value - with a net asset value of 36.4p per share and a dividend yield of just over 7%.

Results should be out in less than a month, so we shall see!

[factsonly] 15/2/2004 20:51

Erm, isn't the car sales industry indicating record high sales... hence...

[rambutan2] 09/2/2004 17:12

how low can it go?

[pdyke14856] 09/2/2004 10:31

"Looks like this is going to move."

Errr. Down. :-(

[pdyke14856] 20/1/2004 14:24

Bit of volume today, yield of 7%+, bottom of it's cycle (I hope).
Looking for 40p in the next couple of months + a 5% divvy in Quarter 2.
Im back in.

[pdyke14856] 20/1/2004 14:01

Looks like this is going to move.

[rambutan2] 25/9/2003 17:26

must be bid possiblities. perhaps cox or rbs or ????

[pdyke14856] 25/9/2003 17:01

Well sometime since I was here and having a little look.
HWY are coming close to historic lows, so as soon as I have done a little research I can decide on what to do.

Any opinions.

[factsonly] 18/8/2003 10:25

Here it comes, the MMs are knocking it down a little despite the net buying, might see a jump within the week.

[factsonly] 14/8/2003 08:50

Based on everything available to date, I can see this hitting 48/9p within a couple of weeks.