Resources In Insurance Group Share Discussion Threads

[8trade] 15/9/2009 09:12

Took a small hit on them, not tying up a grand in this market, nothing
bad but nothing exciting in those results so i'll use that money for
trading elsewhere !

[8trade] 14/9/2009 23:19

safman !...any day now i would say !

"I expect the interim results, which we anticipate announcing mid-September, to
show a significant improvement on the same period last year.The second half of
the year is predicted to show continued improvement, in part due to the
reduction in costs following the sale of the loss adjusting division in April,
which will be coupled with further financial gains from new business wins"

[8trade] 14/9/2009 10:09

Thanks.

Wish i could sell on plus, it's showing 1.2-1.5p ! :-))

Definately a glitch or mistake.

edit...back to 0.6-0.8p :-))

[safman] 14/9/2009 09:36

Good luck 8trade, interims were 29th sept last year, not sure if anyone has contacted management to find this yrs interims..

saffy..

[afrorich] 13/9/2009 13:28

this week results, strange no activity

[afrorich] 10/9/2009 22:13

they were .58 ask when the news broke that when i bought in ...

[safman] 10/9/2009 16:21

best of..

saffy..

[8trade] 10/9/2009 16:20

I will if the price stays there saffy, just looking in all the accounts,
everything is going up, it would be foolish to sell a winner to buy this
today, if i sell something tomorrow i will get 100k but right now i need
to hold everything and no spare funds, the market is so good right now.

[safman] 10/9/2009 16:14

8trade, insurers recovering v. strongly, not many companies left with a mkt cap of under 1 mill.. fully funded @ the moment otherwise worth a gamble, or if you prefer await results..

saffy..

[8trade] 10/9/2009 16:02

Down on a £60 sale.

Almost back to where it was before the news, might have a few more to
gamble ahead of results ?!

[afrorich] 04/9/2009 09:18

results out soon
10 or so days

[afrorich] 01/9/2009 13:54

I just had a look at Sand 4 new contract wins on the bacl of poor results.
thats Sandvine

I am hopefull ON RIIG, but time will tell.

[safman] 01/9/2009 09:00

morning..

8trade, 136 mill shares in issue, my current online limits 250K @ 0.84p.

saffy..

[8trade] 31/8/2009 17:41

No, Zoo is on my monitor and i have traded in the past, just wondered
why all the excitment when it was clear all the profits were made by
favourable currency movements so wondered if there was something new,
chart does say good news coming but incredibly illiquid this one.

[afrorich] 31/8/2009 17:22

I have sent an email to the company and hopefully they will repsond.

If I hear anything I will let you know

I see your are also invested in Zoo

[8trade] 30/8/2009 16:20

Very true and why so many shares have a good rise on the run upto
results but fall on results day no matter how good they are.

[afrorich] 30/8/2009 14:57

that spoils the fun

its the anticipation that makes it all worth while...

[8trade] 30/8/2009 13:52

Only 3 weeks maximum for interim results so might as well wait for
them rather than guesswork on this thread imo.

[afrorich] 30/8/2009 11:42

if pretaX losses WHERE £636,203 last year and their was a non recurring cost of £300,000 in the pre-tax loss. then that would equate to about 323000 pound loss without recurring cost.

If business remained the same then they would report a 50% decrease in cost anyway as the one off cost of 300000 would not be included this year.

have i got this right ?

or are you guys expecting to see a further reduction not inlcluding the one off cost

hope this is clear if not let me know.

[safman] 29/8/2009 12:54

8trade it looks like the insurance market is making a v. strong recovery indeed,



Insurers post record results
Hopes that the UK general insurance industry will emerge relatively unscathed from the economic downturn grew on Tuesday after Admiral and Hiscox reported record results.

[8trade] 28/8/2009 15:34

Giving up a lot of it's gains simply due to the fact that most of
the sellers are those who bought thinking it would jump 200% and thus
make easy money.

I'm going to hold and see what happens, was fortunate to get in near
the low so happy to let it run and see what happens.

[jhan66] 28/8/2009 13:42

I don't follow this one much & no idea how the unit sale affects things, but the Board said this two weeks ago-


"Interim results, which will be announced in mid September, are expected to show losses reduced by approximately 50% compared with the same period for the
previous year."

[afrorich] 28/8/2009 13:21

just a question

if they showed a loss of 636000 and 300000 of which was non recurring loss
which would have been taken care in the previous years accounts.

Then am i right to assume that their is a reasonable chance that they will post some profit in this year. (any ideas what you are expecting)

the trading statement seemed very upbeat.

only investigating this stock at the mo

[lord santafe] 28/8/2009 11:33

8trade, seen these @0.6p but had no funds. Although once any share has risen past what I wanted to pay, I will not buy. Surprised if you got in late, since you usually just stick to the guarenteed returns, such as OHM, PPA, TND. See you over on the OHM thread, where I will be seriously averaging down.