Hansard Global (HSD)

Sector:

Insurance

Index:

FTSE Fledgling

 48.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 55.50
  • 52 Week Low: 39.60
  • Currency: UK Pounds
  • Shares Issued: 137.56m
  • Volume: 0
  • Market Cap: £66.03m
  • RiskGrade: 154

Market forces weigh on Hansard

Date: Friday 21 Sep 2012

LONDON (ShareCast) - Long-term savings provider Hansard said continued instability in the Eurozone weighed on new business sales and, it warned, damaging market forces show few signs of abating.

As at 30 June assets under administration fell to £1m for the year ended June 30th 2012 from £1.2m before.

In 2011 investment income came in as a £112.9m profit but, for the year ended June 30th 2012, it recorded a £145.7m loss.

Single premium new business sales more than halved to £51.3m compared to £109.1m the year before. Regular premium new business sales increased to £124.4m during the period from £112m earlier.

"New business levels in the first two months of the financial year reflect the cautious stance of policyholders and are significantly below the level of the corresponding period in the prior year. However the board expects new business to gather momentum in the second quarter on the back of new product launches and also more positive investment market conditions."

IFRS profit after tax fell to £11.2m during the year from £16.5m.

Chief Executive Leonard Polonsky said: "In line with our new business strategy we continued to invest in regular premium flows and to focus on growth markets."

He cautioned: “Single premium business remains constrained by market volatility and the instability in the Eurozone that shows few signs of abating. While the economic environment remains challenging, we have a robust strategy in place and are successfully developing the business in the growth markets of the Far East and Latin America.”

Hansard has recommended a final dividend payment of 8p, unchanged from last year.



CJ

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hansard Global Market Data

Currency UK Pounds
Share Price 48.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 55.50
52 Week Low 39.60
Volume 0
Shares Issued 137.56m
Market Cap £66.03m
RiskGrade 154

Hansard Global Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.82% below the market average7.82% below the market average7.82% below the market average7.82% below the market average7.82% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
61.49% above the market average61.49% above the market average61.49% above the market average61.49% above the market average61.49% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Income
93.18% above the market average93.18% above the market average93.18% above the market average93.18% above the market average93.18% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Growth
38.87% above the market average38.87% above the market average38.87% above the market average38.87% above the market average38.87% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Hansard Global Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Mar-24 05-Oct-23
Paid 25-Apr-24 16-Nov-23
Amount 1.80p 2.65p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Hansard Global Key Personnel

Chair Philip Kay
CEO Graham Sheward

Top of Page