Offering all things car insurance, this insurance broker is known for their love of admiral hats.
ADM.L just dropped 14% today. Is this war related, or another event?
lower dividend + loss on its international biz
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OK. EPS fell short. Revenue was still up.
Oh well. Let’s hope their next results are better then 
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I just bought a few just 10 mins ago when it dropped from 26 down to 25
Can some one tell me why the dividend for admiral stock on freetrade is 10.89%
And on Google finance and yhaoo is it 5%
Hi @Trader27
Freetrade have included all dividends paid last year which included a bumper special dividend. While Yahoo / Google are just working off the last dividend.
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Ok thanks a lot for the clarification neil
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What is happening to these today??
Sabres trading update appears to be the new info
Admiral, DLG and probably some other insurers getting dragged down
UK motor insurer Sabre became one of the first casualties of the worsening inflationary squeeze on the sector as it warned of a profit hit from rising costs, sending its shares down more than a third and dragging bigger rivals lower.
In a half-year trading update on Thursday, London-listed Sabre said the annual increase in the cost of claims was running at about 12 per cent. That means it is paying more for parts, labour and replacement cars, among other items.
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What’s everyone’s thoughts behind the further drop today? 2nd highest drop. Seems an overreaction given initial drop was based on another providers results.
I’d be interested what others think. Hopefully an overreaction given it’s my third largest holding! Financials look like a steady profit although slightly low cash balance and quite high liabilities. It’s not being shorted yet though which is also a good sign.
Dividend cover doesn’t have much slack at 1.2~ - https://www.hl.co.uk/shares/shares-search-results/a/admiral-group-ord-gbp0.01/dividends
Compared to 2020 and 2021, people are driving more often leading to increased claims anyway, i.e. more miles/hours driven increasing the likelihood of accidents
Inflation starting to compound this fact with repairs as the above trading update said.
Which might impact bottom lines
Admiral look like they should publish interim results in or around mid August, which will give a clearer picture.
Though I agree somewhat that the severity of the drop is a bit of an overreaction without those interim results, though increased cost is obviously being implied across the sector
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I took the opportunity to buy a few more shares today and reduce my cost average down did the same with DLG.
Still a nice run today.
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Blinking heck down £3.20 within half an hour on the markets opening.
DLG is not paying final dividend. Insurance peers went down in solidarity
Anyone received their dividend yet?
I think this will be the norm this year but we shall see