Highway Insurance Share Discussion Threads

[pdyke14856] 04/1/2005 22:40

Them Times boys should be guilty of insider trading methinks!

[helpaargh] 04/1/2005 19:08

Glad I bought in last week in ISA whoopeee

[tole] 04/1/2005 17:56

Released late today. Interesting development after the sunday times tip.


RNS Number:0013H
Highway Insurance Holdings PLC
04 January 2005


FOR IMMEDIATE RELEASE

Not for release, publication or distribution in whole or in part, in or into the
United States, Canada, Australia, Japan or any other jurisdiction if to do so
would constitute a violation of the relevant laws of such jurisdiction.




4 January 2005


Highway Insurance Holdings Plc ("Highway" or the "Company")

Discussions Relating to a Potential Offer

The Board of Directors of Highway (the "Board") confirms that it has received
approaches from a number of parties who have expressed an interest in making an
offer for the Company. Discussions are at a preliminary stage and it is too
early for the Board to be able to determine whether these discussions will
result in any formal offer being made for the Company. Shareholders will be
updated on further developments as appropriate.


- Ends -

[sandyfoundation] 03/1/2005 17:12

Regarding the Sunday Times piece (2/1/05), HWY was John Waples' tip for 2005:

"Highway Insurance came close to being bought up by its larger rival Cox last year, but the deal fell through at the eleventh hour. This year, I predict that Britain's 12th biggest motor insurer, which underwrites 600,000 policies, will face another takeover bid and this time it will go.

Even if it doesn't, Highway cannot get much cheaper. It is trading on a p/e ratio of six and its shares are yielding 7%. The group should also benefit from improved returns from its £350m investment portfolio. The management of this was transferred to a Swiss bank a year ago and the decision is starting to pay off.

The shareholder register features some interesting names - Laxey, Fidelity and JO Hambro - fund managers with a record of spotting promising situations early. Follow their lead and buy at 33¼p."

[c lau] 03/1/2005 15:18

Yes, it was on Sunday times.

[sharegod] 02/1/2005 20:29

I think it has been tiped in the times for 2005.

[tacman] 17/12/2004 08:40

Major new research report on Equity Development site:

www.equitydevelopment.co.uk

(register for free and access report)

[thecleaner] 10/11/2004 19:49

Current Outlook:

One of the best dividends on the market.
Growing through aquisition
Better strategy for managing their £330m fund should soon shine through.
Trading at around NAV.
Very undemanding PE ratio.

There is only one way this can go in the long term.

[eithin] 08/11/2004 19:05

Near 8% divi. At/nearbottom don't think can go far wrong.

[warranty] 08/11/2004 18:48

And down just as soon no doubt once the novelty wears off.

[thecleaner] 08/11/2004 18:21

Going up in sympaphy of COX bid.

[eithin] 08/11/2004 08:17

Nice tick up. In the money already.

[thecleaner] 03/11/2004 08:12

Agree, good yield, reasonable growth prospects. This one will dubble (eventually). This one is the main part of my portfolio.

[eithin] 02/11/2004 16:38

250k "T" trade at the end. Got in @ 31.34p on Friday. Looks A/OK!! 7.94% inc as well.

[eithin] 02/11/2004 09:33

100k mm buy. Yielding 7.94%.

[alexandrews] 13/9/2004 17:18

No comments on the interims???

Information that stands out by its absence from the announcement:

- no claims ratio reported
- no combined ratio reported
- no net asset value per share reported
- no net tangible asset value per share reported

6m EPS of 1.7p puts them on a P/E of 9.9 at 33.75p.

Anyone have an email address for their Finance Director or their Investor Relations Department?

Alex

[thecleaner] 03/9/2004 18:24

results Monday?

[pdyke14856] 29/8/2004 10:21

I have bought in and out of these on a cycle ever since they were Ockham holdings.

Good return, always tick up 10% or so before interims, so if you want a quick 10/15% short term this is it.

[mattboxy] 25/8/2004 11:22

Just picked up on these
Interims must be due very soon
Worth a punt?
Anyone got a feeling?

[warranty] 25/7/2004 17:43

Any holders any views on where this is going?

[squareroo] 02/7/2004 10:52

monday is the day.

[squareroo] 01/7/2004 13:38

lots of volume.small tick up this is the highway to monetary heaven.

[thumbtwiddle] 30/6/2004 15:49

thnx for pointing these out, SQ, I shall keep an eye on them.

[squareroo] 30/6/2004 15:40

someone else bought a huge stake.looking good.