Highway Insurance Share Discussion Threads

[dumpling] 08/11/2007 17:22

Why the drop? The co. is short on the sub-prime market and would only be affected if this market recovered.

[pinemartin9] 22/10/2007 15:01

You could be right. Also the solid dividend and the quality of the investment portfolio will help no end. This has been my best performer over the last couple of months - 14 % in 9 weeks. I'll continue to hold and firmly believe we will see further upside when the markets have decided what they are doing and as the final div date gets closer.

[nigelwestm] 22/10/2007 14:37

Highway is holding up remarkably well considering the falls on Friday afternoon and today. Maybe there is a rerating going on...

[ursus] 11/10/2007 12:05

a gentle rerating taking place as motor rates harden. much the same happening for chaucer, perhaps.

[nigelwestm] 11/10/2007 10:54

Quite surprised that there has been no comment on the current share price strength. Anyone got any information as to why HWY is performing so well?

[barkjon23] 04/10/2007 10:54

Maybe this is the reason for the spike

[barkjon23] 03/10/2007 16:08

Up 5p? I'm seeing 1m traded, no RNS. Looks a bit strange, but not in a bad way

BTW divi pays on the 12th Oct

[nigelwestm] 03/10/2007 13:54

I topped up at 66p, although I bought many more of these at lower prices a couple of years back.

I hope this share price move on no news is due to something substantial happening, even if it is just institutions waking up to the dividend.

[taylor20] 03/10/2007 13:51

Back to the price I doubled up at a month ago, should be more to come!

[nigelwestm] 03/10/2007 13:33

well they appear to have moved the share price, anyway

[nigelwestm] 03/10/2007 10:33

Er... has anyone seen these buys go through this morning? What's that all about?

[taylor20] 01/10/2007 21:45

FWIW: Luke warm buy recommendation from JMFinn

[nigelwestm] 26/9/2007 12:39

Wow! Share price has moved up a whole penny.

[taylor20] 26/9/2007 10:01

Those large trades last week may have been the last of our seller, could see a reasonable rise from here (market willing of course).

[nigelwestm] 25/9/2007 16:58

Yeah. 8% dividend yield. Chairman has just trebled his stake in the business, and will the shares go up?

Who cares anyway? Just hold for the divi...

[taylor20] 25/9/2007 09:50

Certainly a disappointing performance, I guess since they only got .25% investment return in the two months of the second half, dividend cover could be quiet tight for the full year, if that was extrapolated?

I'm not expecting much improvement in the operating ratio for the full year.

> 8% yield FFS!

[nigelwestm] 25/9/2007 09:09

Quite! What does this share have to do for people to take an interest in it? It's already paying a very generous, well-covered dividend.

[dumpling] 24/9/2007 14:14

Can't understand this fall.

[oniabsta] 06/9/2007 08:10

From the Times:-

Those who seek the casualties of this summer's sub-prime mortgage meltdown in the United States can cross Highway Insurance off their lists.

The motor insurer is known for pursuing a more adventurous investment strategy than many of its peers, with a target of generating returns on its portfolio of two percentage points above three-month interbank rates. As such, about 23 per cent of its £416 million fund is allocated to hedge funds, with a further 8 per cent committed to equities. So there was relief yesterday that Highway's first-half figures showed it to have produced a resilient investment performance. Its portfolio gained 3.9 per cent in the six months to June 30 – or 7.8 per cent on an annualised basis – and edged further ahead, albeit by 0.25 per cent, during July and August. Rather than being hit by exposure to structured credit instruments, it has profited from modest short positions in US sub-prime assets.

Such returns proved to be the brightest spot in otherwise in-line interims and helped to offset weakness in underwriting and broking. Encouragingly, Andrew Gibson, chief executive, echoed Admiral, Chaucer and Royal & SunAlliance in suggesting that motor insurance premium rates are finally on the upturn after four years in the doldrums. But it is Highway's prospective full-year dividend yield of 7.7 per cent that is the lure. The outlook for investment returns for the remainder of the year remains uncertain but the payout is covered 1.7 times by forecast earnings. Buy.

[dumpling] 05/9/2007 16:52

I'm quite overweight in insurance, losing on AV. Last week I sold BRE for 346P only to see them rise to 353 within minutes - now down to 336P. HDU has been my best performer this year. Have 4500 HWY - small fry to you guys I'm sure. All the best.

[toffeman1] 05/9/2007 16:29

This board very quiet since 15/8. Looked in yesterday to try and get some encouragement to buy pre results. Didn't get any but went ahead and bought anyway. Glad I did should motor from here as it's one of few positives on a bad day ! !

[ccrowth26] 05/9/2007 16:00

Removed apologies

[nigelwestm] 05/9/2007 15:43

We can see the announcement in the header. Please don't copy the whole text as it clogs up the BB.

[ccrowth26] 05/9/2007 15:06

Director buying. Nice!