Blanketstacker
08 Dec 2014
Re: Gocompare Glad to hear you made something here! I certainly haven't. I do remain optomistic however. The last half year saw Gocompare give us £5.4m profit, and before that £6.7. The drop was put down to advertising expenditure. Taking a negative outlook, shall we say we take £10m profit per annum, which with the holding doubled will now mean £20m. That means they have bought out the remaining portion for less than five years' combined profit, or nine years profit of the acquisition. To me that is a decent enough deal.The rest of the company figures remain the same, so again I am positive. I am investing here rather than trading (that plaintive cry of the carp trader!!) so I am happy enough to sit tight until the results appear in the spring. If she goes below 200 again I will sell something else to put more in here. (LAD seems a possible short term home for your money. I am also starting to like BP and BLT for the next month or so! they seem a bit oversold to me, and could bounce off support about here.)Good luck.B
ThanetBoy
08 Dec 2014
Re: Gocompare Hi B, i sold out thurs, for very meagre profit (b/e) - i panicked when the sp hit 208p - then moaned when it went to 214p day after.with hindsight, good job i did sell - market doesn't like this go compare deal!
Blanketstacker
08 Dec 2014
Gocompare ESUR have just acquired the remaining 50% of Gocompare they did not already own. This should prove very profitable. I am now hoping to see this nearer 250 in the new year.
Blanketstacker
25 Nov 2014
Re: CURRENT FORWARD PERs Hi TBSorry to hear about the chest. I hope this is clearing. I am rather gladder to hear ESUR are doing you a good deal. They do not cover my part of the country at all, so I have no experience of them as a functioning business. I have boought in here on the fundamentals and the reports of others. Broker targets have now been falling, and are set at around 220 to 230. Those figures would still put me at a loss!! At under 200 or thereabouts this seems to me to be cheap though. I intend staying in here for the longer term for the dividend.Buying into companies you have experinence of is a very sound practice. I have done this a number of times, and often question family and friends about their experiences of companies as part of my research. If it is of interest I was chatting to an American friend a couple of weeks back, and he was talking about how large numbers of firms over there are only just outsourcing some of their functions. In particular he noted the recent rush to put payroll out. He reckons Paychex and Paylocity could be very good investments for the medium term. A NASDAQ fall is due in the new year, so it may be worth looking at these and picking up some in 2015. The former has a potentially good yield, though the latter has yet to pay out.Be careful and good luck.B
ThanetBoy
24 Nov 2014
Re: CURRENT FORWARD PERs Thanks B, haven't been logged on all week as i have A.Bronchitis - funny when my nickname is TB!Before i was ill i bought in ESUR at 204p - noticed we're at the same.I was trying to fathom out the p/e of 45!!! then your post made it clear.This year i made a decision to only buy shares of companies I use and ESUR is one of them.i took out a new homes+contents policy with esure - no competitor could match them!! nearest price was for buildings only - and i am pretty smart when getting quotes.they are offering free legal protection and home emergency - brilliant package.thanks for the info btb signing off
Blanketstacker
21 Nov 2014
Re: CURRENT FORWARD PERs Just read a piece on Reuter's suggesting the need to expand their capital bases may lead to insurers dispensing with their recent special dividends. That would suggest quite a cut in most of the rates given. ADM, LRE, and Hiscox could see them halved or worse.
Blanketstacker
20 Nov 2014
Re: CURRENT FORWARD PERs Great minds think alike T!!!Consensus estimates for 2015 dividends, with yields at current prices, in descending order:LRE = 55.1, 8.8%EUR = 15.8, 7.9%ADM = 92, 7.6%AMLIN = 29, 6.6%LGEN = 12.8, 5.2%AV = 20.1, 3.8%HISCOX = 25, 3.7%RSA = 11.9, 2.6%TO BE PERFECTLY HONEST, LOOKING AT ALL THE FIGURES, PROJECTIONS AND REPORTS, THE SAFEST AND MOST WORTHWHILE OF THESE WOULD SEEM TO BE LGEN = 12.8, 5.2% OR AMLIN = 29, 6.6%.(Apologies for capitals).Are you thinking of buying into any of these?B
ThanetBoy
20 Nov 2014
Re: CURRENT FORWARD PERs meant 2015 not 014
ThanetBoy
20 Nov 2014
Re: CURRENT FORWARD PERs blanket, whats the pencilled in div for 2014? shows as 15.8p for 2013
Blanketstacker
19 Nov 2014
CURRENT FORWARD PERs PERs of insurance companies in descending order:LGEN = 13.4RSA = 13.4ADM = 12.5HSX = 12.3Amlin = 10.5AV = 10.5LRE = 9.56ESUR = 9.32It seems we may be a little under valued compared to our competitors at the moment.
