Team Internet Share Discussion Threads

[brando69] 27/4/2011 22:32

i can't see what numpter boy is writing as i've got him on filter, but i suspect he's here to stalk me, so can only apologise to others for his presence here

[bunnji] 27/4/2011 22:17

"look more like shemales to me"

LOL...familiar as you are !!

[brando69] 27/4/2011 17:34

new 12 month high at the close. steady climb into the results i reckon

[brando69] 14/4/2011 16:19

reckon we'll move sharpish to 20p

according to the bulging double maribuzu in my boxers

[brando69] 14/4/2011 14:18

long awaited breakout...

[targatarga] 14/4/2011 13:31

little blue line moving up....

[targatarga] 14/4/2011 10:56

could be another large volume day.... Bring it on....

[brando69] 12/4/2011 13:46

wld guess that mckenzie is currently tugging frantically on his mini-inverted maribuzu in excitement

[brando69] 12/4/2011 13:45

slow burner

[brando69] 08/4/2011 23:45

looking good right now

[jarvis4] 07/4/2011 10:35

brando69

You're very welcome.

[brando69] 07/4/2011 10:02

jarvis - again, i will say: appreciate the effort.

[jarvis4] 06/4/2011 08:56

Hey guys I'm not saying they won't succeed just that there are very real practical issues that have to be very carefully managed. "stick to your knitting" is one very sensible piece of advice and, as I have mentioned, I am not sure that this company any longer know what their knitting is. More than one string is fine, it's stopping it getting knotted that's the trick.

Lloyd's of London is an interesting comparison. As a market it almost went bust in the 1990's if you remember. Why was that? It was because of long-tail asbestosis claims where the US class actions were for the sorts of sums that no-one had contemplated. Plus there was an excess of loss spiral that dragged in syndicates that did not think they had any exposure to asbestosis. In other words it was claims that almost did for a 300 year old market.

I do not intend to buy for the above reasons. My only reason for posting was to give a little insight. Best of luck all.

[breliz] 06/4/2011 08:25

Hear bloody Hear!

[spec7] 06/4/2011 07:50

Maybe but he paints a picture of "impossible to succeed" on the grounds of diversification. Tens of thousands of companies thrive on having more than one string to their bow in fact that is often the key to success.It doesn't automatically follow that they will be Jacks of all trades and masters of non. If foreign jurisdiction and the US was really that much of a mine field would anyone operate beyond these shores.....Where would Lloyd's of London be ? ....lol If you are not happy then sell, if Jarvis is not happy then he should not buy, I suspect the majority will hold and do rather well hence the healthy chart.

[brando69] 06/4/2011 00:09

jarvis highlights issues that i've not considered. i for one welcome that

[spec7] 05/4/2011 22:41

You really do have to take everything with a pinch of salt !!

[jarvis4] 05/4/2011 19:02

brando

You're welcome and I wish you good luck with this. My other issues are whether this company is a techie systems company, a manager of outsourced services, a manager of service suppliers, a claims management company or a data warehouse. Claims, in my experience, to be handled properly require dedicated, well trained, motivated and savvy staff who know the client(s) well. Their work should be complemented by excellent systems which can crunch the numbers and run off the comparative data to hit the differing KPI's for differing clients. Also, if they are running client funds so that they can pay claims quickly and report on a bordereau basis, unless there are sh*t hot accounting systems in place backed up by frequent reconciliations again the possibilities for error/fraud are huge. As I have said, all of this is difficult enough to manage in just the UK. Add foreign jurisdictions with all the legal, language and custom and practice differences and the potential for foul-ups increases enormously. Put the US in the mix, with their attitude to litigation and anyone outside of the US, and a bad situation suddenly gets even worse. I've done it and still have the scars.

[targatarga] 05/4/2011 12:26

Always nice to see large sells and the price firm. Someones adding... imho

[mrdonofrio] 04/4/2011 19:48

I must admit this is my largest holding and have been in since 6p. But I am concerned about the legal case pending and the effect it will have on the company. Does anyone know for sure the implications as I hear some people talk of insurance covering the claim or will tig be fully liable?

[brando69] 04/4/2011 19:08

interesting to hear more about your perspectives jarvis, thank you... especially as this has become something of a club for bulls(hit) on this board

[jarvis4] 04/4/2011 19:03

Goodwill of £67m on the balance sheet does not fill me with confidence going forward. I'm not convinced, even after the re-structuring, that this company fully knows what it is trying to be. Managing garages, builders etc in the UK as well as fraudsters is bad enough. Add the geographical spread (not to mention legal differences) and the potential for a client to take this company to the cleaners after a foul-up is huge. Not a punt for me and I have been 40 years in the claims game.