Highway Insurance Share Discussion Threads

[warranty] 20/2/2005 16:13

Thanks theberg looks like it's recovering and surely we must hear something one way or the other soon.

[theberg] 17/2/2005 10:07

RNS Number:6703I
Numis Securities Limited
16 February 2005


FORM 38.5 (SUMMARY)





Lodge with a Regulatory Information Service and the Panel. Use a separate form
for each class of securities in which dealings have been made.





CONNECTED EXEMPT MARKET- MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS





Name of EMM Numis Securities Limited............................



Date of disclosure 16 February 2005....................................



Contact Name HGE Jenkins.........................................



Telephone Number 0207 776 1584..........................................





Please see attached disclosure of dealings under Rule 38.5 in the securities of
the following companies:



Highway Insurance Holdings PLC Ord 20p - Ordinary Shares.



..............................................................................



..............................................................................



..............................................................................



..............................................................................



..............................................................................



AMENDMENT



If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of the previous disclosure was incorrect:



Not Applicable.................................................................



..............................................................................


In the case of option business or dealings in derivatives full details should be
given on a separate sheet so that the nature of the dealings can be fully
understood. For options this should include the number of securities under
option, the exercise period (or in the case of exercise, the exercise date), the
exercise price and any option money paid or received. For derivatives this
should include, at least, the number of reference securities to which they
relate (when relevant), the maturity date (or if applicable the closing out
date) and the reference price.



For full details of disclosure requirements see Rules 8 and 38 of the code. If
in doubt contact the Monitoring Section of the Panel, Tel No: 0207 638 0129.



CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS





Dealing in Highway Insurance Holdings Plc.............(Name of company)



Class of security Ordinary shares 20 pence..............................



Date of disclosure 16 February 2005...........................................



Date of dealing 15 February 2005.......................................



Name of EMM Numis Securities Limited.................................



Name of offeree /offeror with whom connected...Highway Insurance Holdings Plc

Total number of securities purchased 50,000



Highest price paid* 38 Pence



Lowest price paid*. 38 Pence







Total number of securities sold 160,193



Highest price received*. 39 Pence



Lowest price received* 38.462 Pence





*Currency must be stated


This information is provided by RNS
The company news service from the London Stock Exchange
END

EMMILFSLFDIRLIE

[theberg] 17/2/2005 09:55

Warranty,

FYI ILV Annual Results Due Dates

ILV Market caps per 16/02/2005

AML £628.51m Full Year Results Tuesday 8/03/2005
AUW £105.12m Full Year Results TBA
BEZ £404.69m Full Year Results Tuesday 15/03/2005
BRE £825.53m Full Year Results Tuesday 01/03/2005
CGL £525.73m Full Year Results Friday 11/03/2005
CHU £156.31m Full Year Results Friday 18/03/2005
COX £256.78m Full Year Results TBA
GOS £ 70.78m Full Year Results Tuesday 8/03/2005
HDU £ 79.96m Full Year Results Thursday 24/03/2005
HSX £503.97m Full Year Results TBA
HWY £ 78.28m Full Year Results TBA
KIN £174.90m Full Year Results Tuesday 5/04/2005
SVB £109.83m Full Year Results TBA
WUN £445.57m Full Year Results Friday 4/03/2005

[warranty] 15/2/2005 23:18

Falling back now, does somebody know something???

[ursus] 08/2/2005 08:25

nothing's changed since my post 46, except the nice little story about hwy being over-reserved - these insurance "bids" take forever - look at cox.

[jhan66] 08/2/2005 08:08

worthwhile dividend just 6 weeks away.
probable takeover + sector rating improvements.
got to hold for a while yet.

[tole] 07/2/2005 20:37

Eipgam
Yes all quiet on here - forcing people to sell through boredom I think. Though personally feel its the lull before the storm...

To form a golden cross, the 50 day moving average must cross from below the 200 day MA to above the 200 day MA, whilst the 200 day MA must also be rising (Charting bullish indicator). Though not so sure it really applies to bid situations causing the rise, but it sure makes the charts look good...Am looking for a spike to the upside here soon, reckon some news will soon be forthcoming. Staying long for a while yet.

[eipgam] 07/2/2005 20:14

Tole... I agree, 50p doesn't seem too much to ask! It's strange how you get a big announcement about a poss bid and then total silence for a whole month and nothing much happening to the share price either (after the initial rise, that is).....

A2etc.... What on earth is a golden X?

[a2336418] 07/2/2005 12:23

Is that a Golden X I see on the above chart?.......if it is......

[etacarinae] 25/1/2005 12:33

No news..still....

[ursus] 12/1/2005 14:47

my take on the takeover.....

"a number of parties who have expressed an interest..." in the RNS must mean 3 or more. the newspapers have so far mentioned chaucer and i think fortis as two possibles, and neither has denied it so far as i can see. there must be others, i think. i suspect that the present share price - hovering either side of 40p - is at or about any price indication given so far by a bidder. and i seem to remember that 40p was at or about what cox was in principle prepared to pay 6 mths ago.

so it is wise to be cautious abt the prospects for a much higher price.


but that said, there are good reasons for believing that some more will be offered -
a) the ntav in last a/cs is 32p, and this yrs profits will increase it to say 34-5p
b) the current cox bid must be at or abt the current share price - ie 90p, and cox's ntav is 38-40p
c) the motor market remains strong, and will not reduce prem's significantly - see admiral's trading s/m today.
d) hwy is out of line with its comparators on valuation grounds even at the current price.

so my guess is that the offers will slowly seep in, and i expect 45-50p. with the price underpinned by a strong yield and the prospect of further bid interest even if this round flops, it is a reasonable arbitrage opportunity -- buy now, get divi then sell to bidder!

[topinfo] 11/1/2005 20:47

I would say more likely to be 54-58p.

[factsonly] 11/1/2005 12:12

should get a better offer this time around than what was being dangled around last time. I think 48p-52p per share would be about right.

[topinfo] 10/1/2005 22:02

Very quiet on here for a stock in takeover talks...anyone else got an interest in this stock.?

[topinfo] 07/1/2005 22:47

Should possibly see update in papers over weekend, maybe in the Times as it was them that quoted it last weekend.

[harvester] 07/1/2005 14:05

looks undervalued on fundamentals. Should be worth a punt and hold even in the absence of bids or bid rumours .

[eithin] 06/1/2005 14:30

Mirroring rise last March on rumour of deal with Cox. Guessing stays around 40p till more on "bid". If rumour peters out reckon back to 34ish.

[topinfo] 06/1/2005 13:59

In for 10k of these, they look very cheap and cant see them letting this company go cheap given low P/E..60p plus would be something like the price needed to tempt it into hands of predator.Looks like possible 50% upside even after news of takeover released.

[harvester] 05/1/2005 12:21

I have not "invested" (speculated?) in small tiddlers for a while but the Sunday Times article alerted me to this and it looked a little gem not to be missed. So tipped my toe in and bought 10K for March expiry by spreadbet @ 37. So far so good. Looks promising .

[superdonkey] 05/1/2005 11:41

Great piece of research on HWY by equity research thanks for the info tacman.

With being tipped by Sunday times & potential bid the only way is up.

Just bought 5006 shares for 39.45p. Good luck everyone.

[shirishg] 05/1/2005 10:40

Post removed by ADVFN

[shirishg] 05/1/2005 10:40

Post removed by ADVFN

[alansmith23] 05/1/2005 02:04

Well well well, first takeover speculation share of 2005 that I have, got them months ago for the excellent reasons outlined in the header. Not much seems to move them though so not expecting a lot of tick-up as a result of that rns, speculate maybe an extra 2p. If so might add.

ps a personal bugbear, why do some posters add dyor to their posts, it's patronising and annoying. (it annoys me anyhow) Personally I couldn't care less whether anyone does any research or not, it's none of my business, it's their money. Anyway off my soapbox now.

dyor


lol