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(HSD.L) Hansard Global PLC Buy/Sell
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| 28-01-10 | AFX UK Focus |
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Results diary
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This is "based on upgrade potential (improving revenue prospects, operational gearing), the possibility of complementary acquisitions and the group's status as potential take-over target," the broker says.
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| 28-01-10 | RNS |
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RNS Number : 2354G Hansard Global plc 28 January 2010 28 January 2010 Hansard Global plc New business results for the six months ended 31 December 2009 Q2 New Business Flows 25% up on Q1 Hansard Global plc ("Hansard" or "the Group"), the specialist long-term savings provider, issues its new business results for the six months ended 31 December 2009. Summary * Improved new business margins in the six-month period of approximately 6.5% on Present Value of New Business Premiums ("PVNBP") basis; * New Business of £40.9m PVNBP in Q2 2009/10 is 25% ahead of Q1; * £1.16 billion of Assets under Administration at 31 December 2009, up 15.6% since 30 June 2009. Policyholder cash flows have been strong through the period; * Financial position of the Group remains strong, with no borrowings. Leonard Polonsky, Chief Executive of Hansard Global plc, commented: "The performance of the Group in the second quarter of the 2009/10 financial year reflects improving investor appetite and the continued confidence of intermediaries and their clients in Hansard's products. The financial position of the Group remains strong. We have continued to generate strong cash flows from policyholders, underpinning growth of 15.6% in Assets under Administration since 30 June 2009. We are confident that the outlook for growth in new business and profitability remains positive for the Group. The Board believes its strategy of controlling costs whilst at the same time investing in distribution and systems is beginning to reap rewards." For further information:
Leonard Polonsky, Chief Executive Gordon Marr, Managing Director Vince Watkins, Chief Financial Officer
Daniel de Belder
Hansard Global plc New business results For the six months ended 31 December 2009 Overview The improvement in market conditions and the continuing level of interest in Hansard's products among intermediaries and their clients has resulted in an increased flow of new business over the last three months. New business flows in Q2 2009/10 of £40.9m on the basis of Present Value of New Business Premiums ("PVNBP") are 25% above the flows of Q1 2009/10. New business for the six-month period ended 31 December 2009 (H1 2009/10) of £73.5m PVNBP is approximately 21% below the level of the corresponding period of the previous financial year, reflecting primarily the stronger overall economic conditions in Q1 2008/09. By comparison, at the end of Q1 2009/10 the shortfall versus the comparable period was approximately 36%. This comparison continues to improve with current levels of new business. New business margins for H1 2009/10 are approximately 6.5% on the PVNBP basis (up from 5.8% at Q1 2009/10), due to increased levels of regular premium business and continued expense management. New Business Flows - Three months ended 31 December 2009 The Group has achieved continuing new business flows while retaining its margins. New business flows post 1 October 2009 continue to be strong and above the levels of flows experienced after 1 October 2008, illustrating an improvement in market conditions and the continuing level of interest in Hansard's products among intermediaries and their clients.
New business flows are summarised as follows (comparisons on an actual currency basis):
Premiums
New business premiums on the PVNBP basis during Q2 2009/10 totalled £40.9m, an increase of 25% over the new business levels of £32.6m in Q1, driven largely by a growth of 50% in regular premium business over the first quarter. Regular premium flows in the quarter, particularly from Latin America and the Far East, indicate recovery in investor confidence. The flow of single premium business in Q2 2009/10 of £21.6m is up 10% on Q1, albeit still below comparative levels (Q2 2008/09: £24.0m). One large case received in Q2 2008/09 had a premium of £4.1m, demonstrating that the flow of larger single premium cases can distort the comparisons with the previous financial year.
New business flows are summarised as follows (comparisons on an actual currency basis):
The principal currency receipts (as a percentage of PVNBP) in the quarter to 31 December are set out below.
2009 2008
We have seen a significant increase in the number of policies set up in sterling, particularly from Europe. Any further strengthening of sterling against those other currencies during the remainder of the financial year will reduce reported new business. We are beginning to see evidence of renewed single premium investments after 31 December 2009 and we anticipate that these will be reflected in the results of Q3 2009/10. New Business Margins New business margins on the PVNBP basis for H1 2009/10 were approximately 6.5%. These margins are well above industry average, principally due to the Group's continued focus on the value of new business and tight cost control. Increased regular premium flows, which are higher margin than single premium business, have contributed to the growth in the margin since Q1 2009/10. Assets under Administration
Despite the residual uncertainty in capital markets, strong policyholder cash flows have been experienced in the six-month period. The value of Assets under Administration as at 31 December 2009, at £1.16bn, has risen by 15.6% since 30 June 2009 (£1.002bn).
Trading results for the half-year are expected to be announced on 25 February 2010. Outlook Q2 2009/10 has shown encouraging signs that new business levels are recovering without any reduction in margins. We believe that sustained investment in our distribution proposition, coupled with increased spend on systems efficiencies, will ensure continued profitability. Furthermore, we are confident that the financial strength of the Group means that we are well placed to continue making the necessary investment in sales and systems to further enhance the performance of the Group in the remainder of the financial year. Notes to editors: * Hansard Global plc is the holding company of the Hansard Group of companies. The Company was listed on the London Stock Exchange on 18 December 2006. The Group is a specialist long-term savings provider, based in the Isle of Man. * The Group offers a range of flexible and tax-efficient investment products within a life assurance policy wrapper, designed to appeal to affluent, international investors. * The Group utilises a low-cost distribution model by selling policies exclusively through a network of financial services intermediaries, independent financial advisers and the retail operations of certain financial institutions (collectively "Intermediaries"), who provide access to their clients in more than 170 countries. The Group's distribution model is supported by Hansard OnLine, an award-winning, multi-language internet platform, and is scaleable. * The principal geographic markets in which the Group currently services Intermediaries and policyholders are the Far East, the Middle East, and Latin America in the case of Hansard International Limited, and Western Europe in the case of Hansard Europe Limited, the Group's two life assurance companies. * The Group's objective is to grow its business by attracting new business and positioning itself to adapt rapidly to market trends and conditions. The scaleability and flexibility of the Group's operations allow it to enter or develop new geographic markets and exploit growth opportunities within existing markets without the need for significant further investment. Forward-looking statements: This announcement may contain certain forward-looking statements with respect to certain of Hansard Global plc's plans and its current goals and expectations relating to future financial condition, performance and results. By their nature forward-looking statements involve risk and uncertainties because they relate to future events and circumstances which are beyond Hansard Global plc's control. As a result, Hansard Global plc's actual future condition, performance and results may differ materially from the plans, goals and expectations set out in Hansard Global plc's forward-looking statements. Hansard Global plc does not undertake to update forward-looking statements contained in this announcement or any other forward-looking statement it may make. No statement in this announcement is intended to be a profit forecast or be relied upon as a guide for future performance. This information is provided by RNS The company news service from the London Stock Exchange END
IR PGUMGGUPUGMM More |
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| 14-12-09 | RNS |
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RNS Number : 0726E Hansard Global plc 14 December 2009
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of
2 Reason for the notification (please tick the appropriate box or boxes): YES An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):
3. Full name of person(s)
obligation:
4. Full name of shareholder(s)
5. Date of the transaction and date on which the threshold is 11/12/2009 crossed or reached:
6. Date on which issuer
7. Threshold(s) that is/are
8. Notified details: A: Voting rights attached to shares
if possible using
the ISIN CODE
IMOOB1H1XF89 B: Qualifying Financial Instruments Resulting situation after the triggering transaction
N/A N/A N/A N/A N/A C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
N/A N/A Total (A+B+C)
Number of voting rights Percentage of voting rights
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Held by Aberforth Partner LLP Proxy Voting:
15. Contact telephone number: 01624 688000 This information is provided by RNS The company news service from the London Stock Exchange END
HOLEADALFFPNFFE More |
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| 10-12-09 | RNS |
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RNS Number : 9407D Hansard Global plc 10 December 2009 Hansard Global plc ("Hansard Global" or the "Company") Directorate Change Hansard Global plc today announces the appointment of Joseph Kanarek to its Board, as an executive director, with effect from 1st January 2010. Joseph Kanarek is and will continue to be the Group's Chief Distribution Officer. He has been with the Company since 2000 and prior to that held senior roles with various financial services companies. As such he brings to the Board deep experience of distributing financial services products gained in the USA and internationally. Contact details For further information, please contact: Hansard Global plc
Dan de Belder / Duncan Mayall Notes to Editors: Hansard Global is a specialist long-term savings provider, based on the Isle of Man. The Company offers a range of flexible, tax-efficient investment products within a life assurance policy wrapper, developed to appeal to affluent international investors. Hansard Global was admitted to the main market of the London Stock Exchange on 18 December 2006. This information is provided by RNS The company news service from the London Stock Exchange END
BOABUBDDLGBGGCG More |
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Yes, I was encouraged by the price rise and hopefully there will be more rises over the next week or so. I took advantage of the recent dips to buy more for a long-term hold.
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| 28-01-10 | ||||
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Yes the SP retested over the last few months and hopefully good interim results will lift. I see the SP has lifted again today.
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All reads and looks well for 25th Feb interim results and hopefully a useful divi announcement.
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| 07-01-10 | ||||
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Mortgage Backed Securities are running alot cheaper overseas...
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