As probably no one has missed by now in the blog world, Protector's Q4 report was astonishing and the stock market received it with open arms. Protector is now up 10.11% since the announcement of the report.
The best announcements in the report from my side were that Sweden and Denmark are now showing profit and that is under extreme growth. Sweden is growing GWP by 121%, Denmark with 89% and Protector overall with 28% to 2375M NOK (1861).
Here are some more candy from the report,
- Protector forecast higher profit 2015 and with 18% growth.
- Protector increases the dividend from 1.75 NOK to 2 NOK. 14.28% increase!
- Combined net ratio down to 84.5% from 86.7% last year.
- Investment portfolio know has a value of 4 958M NOK up from 3 999M NOK last year.
- Profit per share grew from 3.47 NOK to 4.63 NOK.
New target price for Protector are 68 NOK, this comes from that I think they will make around 5.785 NOK per share. Which means a profit growth on 25% and a future P/E 11.75, should be doable for the great company Protector!
Besides Protector's marvelous announcements I have increased my share in Vardia Insurance at the price 27.9 NOK with 1400 shares. Total numbers of shares in Vardia are now 3200 shares and a total market value of 102 486 SEK. I will continue to grow my shares in Vardia since that it the most udnervalued company at the moment.
Best regards,
Eighth Wonder Investing
Inga kommentarer:
Skicka en kommentar