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As far as I'm aware not exactly, when rates go up it just means costs go up not neccessarily margins, insurance is a bit of a weird one in terms of how rates affect it.
With Admiral owning a lot of sub companies its got the option to lower and raise margins to compete with itself to get business. I couldn't tell you how it works completely but its an interesting read if you dig into it.
There's been a lot of discussion on the Hive around insurance firms recently, mostly Lgen and Phnx but admiral has cropped up a few times.
https://t. me/+R5joYzhzMi4yNTFk
Sector set to be more profitable in the year ahead because it ‘is pricing much more effectively for costs they have to suffer’, says head of market intelligence
Average gross written premium (GWP) in the UK motor insurance market grew by 25% in 2023, reaching “a level not seen in recent memory” as insurers grappled with the ramifications of claims inflation.
This is according to the latest edition of business management consultancy Oxbow Partners’ Motor Market Report 2024, which is due to be published tomorrow (23 May 2024).
Steady increase so far today. Be interesting to see if 28 broken...or not, again.?
2 months ago I asked why can't this get above £28. Well, it did for a short time but that was it. Frustrating that it plods along below 28 again.
Is it true that if interest rates go up, insurers make higher profits ?
Would appreciate opinions. I have no fixed view
YAY. Keep going please
It's trying hard today......so far.
....oh when, is this gonna get past the 2800 mark ?
I suppose it's stagnating like most others because it's in the ftse100 . Boooorrriing
In insurance news today I note that Admiral is "calling time" on the recent premium increases which might have taken the edge off broker's future profit forecasts. I would imagine that other general insurers will have to fall into line in due course.
Dividend remains flat, so does the shareprice. While over at Aviva, dividend increases, so does the share price.
Why?
Results out today and dividends to be paid. What's not to like?
My best guess is staff have received their shares and want to cash them in straight away.
Good opportunity to top up maybe?
Predictive text made the man a Marvell not a Mardell.
JLR’s foot in mouth from Adrian Marvell says it all…manufacturers do not make their vehicles adequately protected against theft and then get bolshie with everyone else because insuring against the nick- ability of their cars is putting off buyers…JLR tried their hand at car insurance and gave it up..it’s a specialist market needing experts not car salesmen…go, Admiral!
More gobbledegook from Stargate.
I didn't go in to "great length" on the LGEN forum. I asked for people's opinions and recieved some wise words. In the end i sold 50% of LGEN and expect to exit completely soon.
I know when to buy and sell ADM thanks (a GBP 30k entry @ GBP 19.72 August '22 exit GBP 27.15 Dec '23 was particularly lovely) and I don't have "excessive focus" on them. GBP 55k in a GBP 605k portfolio so about 9%. A little high but manageable.
My region split is 50% USA, 35% UK and 15% other. Any problems with that oh wise one?
Like I said before, if tea leaf reading (sorry charting) worked you wouldn't spend one second on these boards. You'd spend 18 hours a day following dozens of stocks around the world and timimg your entry/exit to perfection. But it doesn't work so you don't do that.
Moneybox007, goes to great length on the LGEN, comment site to persuade other users, to ditch their FTSE100 equities, in favour of USA equities, in which he supposedly has investments, yet for some unknown reason, he got very angry, at my apparently "wrong" comment of 3/8/23, which I subsequently pointed out, would not have resulted in exit from the stock, if the simple mechanism of a stop order under the low price of 3/8/23, was actioned. It just seems out of proportion for a supposed large holder of USA stocks, to place what seems excessive focus on the UK equity ADM.
It is a pity, that you appear not to have knowledge of the use of stop orders . The chart for 3/8/23, clearly shows that a stop under that price low, would have kept anyone in ADM. Aside from which if you had followed the advice about the RSI(relative strength index), indicating the trend, you ought to have bought on the subsequent 8/8/23, when the RSI, crossed above 50. Apart from one brief dip below 50 in the subsequent months, you could have has another profitable buy entry when the RSI crossed above 50 again. Also the RSI, cross below 50, would have saved you from the most recent decline. I assumed that most judicious investors use stop orders, to cover for any eventuality, but maybe in your case my assumption was incorrect.
Stargate
Just go away with your lame predictions. On August 3rd you said it was going down to GBP 19.73 and it rose to GBP 24.90 over the next 4 weeks and on to GBP 28.01 by early December.
If you were making money from looking at tea leaves (sorry charting) why would you spend one second posting it here?
I sold at 27.50, put it in Bt at 1.29
The Williams%R, indicator, on the one year chart, provides the weekly interpretation of the weekly candlesticks. Just follow the little dots, shown by the Williams%R, when high, look for a lower dot, to sell ADM. When the indicator is low, look for a succession of lower dots, followed by one higher dot, and buy. The sell, is simply the reverse of what I described for the buy. Always, for a buy, include a stop, say under the price of the lowest dot.
Breakout in August, 2 retests around 2361 and then higher from early/mid October. Today its price was helped by this, "Admiral Group Raised to Buy From Sell by Citigroup".
I held
Wondering if I should sell this tomorrow and put funds into phnx ?
Glad I bought at 1750 and 1900 last year , so far.
I've invested here based on good positive momentum and a decent dividend.
That's cleared that up, thanks I was wondering too.