Highway Insurance Share Discussion Threads

[dumpling] 16/7/2007 14:21

I also hold BRE and HDU and their prices have been holding up well. They have exposure to the weather as well.

[taylor20] 29/6/2007 09:02

Ironically a rash of bad weather will help to keep rates higher, so longer term not a bad thing.

A similar argument can be made for Lloyds insurers, a handful of hurricanes making landfall is better than none at all as it prevent rates softening too much over the long term, which is why I also hold CHU.

I've got a research note somewhere, which backs up this view, I'll try and dig it out.

I used to hold JCR, as a hedge against exactly this sort of poor weather concern, but I sold at 75p thinking they had got ahead of themselves (now 90p!), excellent company worth a look IMHO (NARS would be an alternative, but not as interesting).

[davedes] 29/6/2007 07:21

More bad weather due in the next few days!!! How will this affect the share price and divi long term??
Looking for a long term decent divi buy.

[nigelwestm] 28/6/2007 08:58

All insurers have been suffering this week. Apparently there was some bad weather in the UK or something. You may have heard about it...

[timben] 28/6/2007 08:21

whats the news with Highway then? any reason for the share price fall?

[miamisteve] 23/6/2007 09:19

uk motor premiums are due to rise 2% this year and investment return should be a bonanza so the yield is safe.

[dope007] 21/6/2007 16:04

Not bought any yet. It is one of a few I am looking at to be honest.

[huggybear1954] 21/6/2007 15:58

That's what tempted me to buy in a few weeks ago. My timing could have been better as I'm now down about 10%!

[dope007] 21/6/2007 13:53

Having a look at these due to the yield and recovery.

[dumpling] 20/6/2007 16:41

Did not reach the previous high. If you are a candlestick person, it's looking iffy again.

[dumpling] 29/5/2007 15:56

About time - this and VOD have more than made up for the dismal performance of RBS for me.

[nigelwestm] 29/5/2007 12:22

Wow! Highway's finally on the move again.

[meadow50] 24/5/2007 11:22

112p would be rather nice!!Today's 2p a good start!

[eipgam] 24/5/2007 11:21

T20... thanks v.m. I'm not sure I'm a chartist but every little bit helps when it comes to bringing HWY to peoples attention.

[taylor20] 23/5/2007 19:35

Some charty stuff from Zak Mir (via mail shot):

Highway Insurance (HWY)

It would appear that Highway Insurance is a stock to keep an eye on given the extended bull run which has been delivered over the past couple of years. The main feature on the daily chart is an ascending price channel which has been in place since July 2005. The floor here runs via an uptrend line from just under 2 years ago at 71p.

This leads us to conclude that while above 71p on an end of day close basis we could be due for yet further gains, perhaps as high as last year's resistance line projection to 112p. What backs up the bulls over the longer view is the way that 2006 – 2007 support so far is running some 10p – 15p above 2005 resistance, something only normally seen in the most bullish of situations.

[effortless cool] 19/5/2007 10:11

It's short and not very interesting. Upgrade to a greater sum of parts valuation driven by the broker assets. Underwriting and investments as you were. Brokers are selling for silly money just now, and Numis have decided to reflect this (to some extent) in their valuation.

[nigelwestm] 18/5/2007 08:47

I'd like to see a copy of the note. Seems to have prompted a few buys this morning.

[effortless cool] 18/5/2007 07:03

Numis upgrade to buy. Target price 99p.

[leadersoffice] 16/5/2007 23:38

Lovely divi cheque today

[effortless cool] 16/5/2007 21:33

I suspect that Provident's profits came mainly from reserve releases. They will probably have done all they can to boost the profits ahead of a sale. For an alternative valuation comparison, try market cap against GWP.

[nigelwestm] 16/5/2007 15:41

Looks like it is getting back over 80p.

[taylor20] 15/5/2007 23:56

Evening Richard,

Sorry lazy on my part, just saw it in a research note from Dresdner Kleinwort, thought it might have had some bearing on the share price movement, from the note (relating to Prov Finance):

...While the £170m is in line with our sum-of-the-parts valuation, we had hoped a competitive auction might have forced it slightly higher. That said, the offer is in cash & it is a slight premium to its nearest quoted peer (Highway)...

[richardbroughton] 15/5/2007 19:29

Hi Taylor20
HWY Profit £19M Market Cap £156M
Prov Fin Ins Profit £41M Market Cap (sale Price) £170M
How is that a premium? What have I missed? On the same ratio HWY Market Cap should be £120M, an share price of 59p.
Regards
Richard

[ursus] 11/5/2007 13:41

all a bit of a puzzle of late. i can't help thinking that hwy is persistently over-reserved, and that this is an attraction to a predator. at least i hope it is, because pretty becalmed otherwise! and what of the new ceo? he hardly did much for the price when here last time.

[effortless cool] 10/5/2007 21:53

I heard a rumour that Highway were involved in the auction for Provident. If they had bought Provident, it would have been very risky and very dilutative. To the extent that that rumour reached the market (true or not), it may have been depressing the share price. Now, with a holding trading statement and no Provident exposure, we may see a continuation of today's bounce.