donna blitzen
19 Mar 2015
Re: Great value now Why? Well, probably there is a steady trickle of people who get fed up/nervous and sell for those reasons whilst some others may just think that there are better short term opportunities elsewhere. Buyers will mostly hold off until they see that the decline has stopped and a turnaround has started - happy to pay a bit extra for the reassurance that brings. Shares move in price in response to news, but also just because a trend (up or down) has been established and people like the comfort of that and join in. Simples.It'll turnaround, on the proverbial sixpence, when it seems, to enough people, to be too ridiculously low in price both to sell and to hold off from buying. Could happen spontaneously or may need some good company news to trigger it. Just need patience.
silent but deadly
19 Mar 2015
Re: Great value now It is great value, interims were good, but it still keeps dropping in price. 33% in 6 months. Has anyone any ideas why ?
IOMINVESTCOM
12 Feb 2015
Trading Update 2014 and Strong Outlook for 2015 Gable Holdings Inc12 February 201512 February 2015Gable Holdings Inc.("Gable" or the "Company"
Trading Update - Guidance for Full Year 2014Strong start to 2015 TradingGable Holdings Inc. (GAH.L), the European non-life insurance company, announces that it expects 2014 to show continued strong growth in Gross Written Premiums at levels some 35 per cent above those reported in 2013. In addition, the outlook is for this growth in Gross Written Premiums to continue through 2015 and 2016. The Board expects to release Gable's results for the year ended 31 December 2014 during May 2015.2014 Financial YearAs announced at the half year stage, Gable's results were hit by an individually large fire claim in France, 80 per cent of which was recovered against reinsurance policies, the impact of which has also been felt in the second half through the cost of reinstating the reinsurance cover. During the year, the French market also suffered from an increase in attritional losses and Gable has acted to mitigate the impact of this by re-examining its risk exposure to the French market, amending policy terms and conditions and tightening the range of risks written together with strengthening pricing policies where appropriate to manage these factors and protect the Company in future years. Nevertheless, this claims experience in 2014 together with the impact of the weakening Euro means that the second half profit is unlikely to exceed that recorded for the first half of the year.OutlookJanuary 2015 has started extremely well with an estimated Gross Written Premium of GBP15 million including GBP9 million of new commercial SME business introduced to Gable via its broker network. The Company's focus continues to be on profitable niche business with the objective of generating a strong underwriting profit at CORs of under 90 per cent. Gable has also commenced the process of putting part of its cash resources, which exceed GBP42 million, to work through a measured investment programme with a specialist advisor.The Board expects to continue to deliver profitable growth for the foreseeable future and the Board will continue to manage the business in a prudent and professional manner. Gable's Solvency II preparations are well advanced and the Company remains committed to building capital reserves to prudent levels.Commenting, William Dewsall, Chief Executive, said: "2014 saw an increase in claims activity which has impacted our profitability but I remain pleased that we will still report a creditable result. I believe that our risk management protocols provided the Company with the essential protections which mitigated a large proportion of the downside, whilst allowing us to provide a swift and efficient service to our insured customers. January 2015 was the strongest single month of new premiums in the Company's history and I fully expect this growth to continue throughout the year. We will build upon the strengths the business has accumulated in both balance sheet terms and as a reliable brand in a growing number of product categories and countries in Europe."End
IOMINVESTCOM
11 Feb 2015
Needs reassuring trading statement Huge disappointment on the share price performance and if the company is continuing their hard work with their heads down surely an update that trading is in line would stabilise / start a recovery in the share price.No one likes to see departures on the back of weak share price even if we have seen directors buying recently which did not give support to the share price for very long.GLTA
Johandesilva
04 Feb 2015
Risk from Europe We know GAH is exposed to the risk from the Euro zone and so shows compelling value on fundamentals. Greece (followed by other countries) will slowly delay payments. What would be the effect on Gables businesses as dept repayments allow more money to flow in the economy?
Abcd4321
18 Dec 2014
looks cheap There seems to be no reason for GAH being this low. Sell off of late seem's well overdone. It's just business as usual at Gable insurance.and this morning it appears the directors agree with a small top up. DYOR but am a buyer in the 50's without a doubt. fingers crossed will go lower for an even cheaper top up.long term buy rather than a quick trade though.
