SUN - Suncorp Group

[AnDy62]

Re: SUN - Suncorp-Metway

Bought in today at 15.04. Looking at the chart, I think support has been found around $15, give or take some. Combined with over 7% ff yield, with interim dividend in a week or so, I think longer term it should be a decent buy. Also encouraged by strong number of buyers

 

[ROE]

Re: SUN - Suncorp-Metway

Bought in today at 15.04. Looking at the chart, I think support has been found around $15, give or take some. Combined with over 7% ff yield, with interim dividend in a week or so, I think longer term it should be a decent buy. Also encouraged by strong number of buyers

I don't think it will go below $15 unless some real bad news comes out.
if they can save and on tract with the Promina merger and the signs ok so far there is potential for this guys to make some good money.

I think SUN is an unlove stock right now, it will be love again once it show investors the money

 

[So_Cynical]

Re: SUN - Suncorp-Metway

Hello...Intra day lows of below $15 on 3 of the last 6 trading days...including today.

U guys buying at market?

 

[AnDy62]

Re: SUN - Suncorp-Metway

I was planning to get them at a touch under $15 (aware of that fact), but I had to work at 4 yesterday so I amended so that I could get on board before the weekend. Btw, hopefully there will be an increase of buyers before the divy which might help the s.p a bit in the very short term. For a long term buy, I don't think you can go wrong with the current price/dividend .

 

[AnDy62]

Re: SUN - Suncorp-Metway

These latest storms will only send the price one way...

How much bad luck can SUN have? Well, I think they have capped their exposure (for claims in wild weather) for the rest of the year so the damage won't be too bad. 15m well spent.

 

[ROE]

Re: SUN - Suncorp-Metway

These latest storms will only send the price one way...

How much bad luck can SUN have? Well, I think they have capped their exposure (for claims in wild weather) for the rest of the year so the damage won't be too bad. 15m well spent.

It actually good for SUN, they capped paid out and once they paid out watch those premium coming back at next insurance renewal

 

[ROE]

Re: SUN - Suncorp-Metway

Good day to buy SUN stock I just load up another 1300 shares

I own SUN stock and I'm pro SUN so Do your own research.

 

[doctorj]

Re: SUN - Suncorp-Metway

It actually good for SUN, they capped paid out and once they paid out watch those premium coming back at next insurance renewal

It's not all cheesecake and french champagne - the increased premiums will come hand in hand with increased reinsurance premiums and probably reduced exchange commission.

 

[ROE]

Re: SUN - Suncorp-Metway

It's not all cheesecake and french champagne - the increased premiums will come hand in hand with increased reinsurance premiums and probably reduced exchange commission.

That is quiet ok, higher payout command higher premium and that the insurance risk and even reinsurance premium is higher, you can still pocket a higher premium from the chain and if it'd down right too risky don't insurance them.

QBE and various other insurers already flag that the current margin is too low and they need to rise it else they wont insure you.

So you can either take the risk and not insure on the extra and face the possibility of lose everything if sh*t happen or come up with the extra few bucks

 

[blinkau]

Re: SUN - Suncorp-Metway

Suncorp just keeps getting cheaper! The yield looks great as well. Might have to pickup a bit tomorrow but I think if I keep putting on anymore orders at work they are going to shoot me. I wonder if we will see below $13 soon if the dow slides down over a few nights

 

[So_Cynical]

Re: SUN - Suncorp-Metway

SUN got too cheap for me today...got in at 14.45

Just cant see SUN going under $14 but ive been wrong before...its a crazy market.

 

[Julia]

Re: SUN - Suncorp-Metway

I'm interested to know why those buying are doing so at present.
We are far from finished with the storm season and things could well get worse for SUN.

Just looking at the SP performance over the last few years, it has hardly been great!

I bought it early 2004 at $13 and sold when it flattened out fairly early 2006 at just under $21. Since then it hasn't really done anything.

Aren't there other great companies out there which have turned in a far better performance during the last few years?

 

[So_Cynical]

Re: SUN - Suncorp-Metway

I'm interested to know why those buying are doing so at present.
We are far from finished with the storm season and things could well get worse for SUN.

Just looking at the SP performance over the last few years, it has hardly been great!

I bought it early 2004 at $13 and sold when it flattened out fairly early 2006 at just
under $21. Since then it hasn't really done anything.

Why buy in?....I'm Hoping for a repeat performance.

Aren't there other great company's out there which have turned in a far better performance during the last few years?

MON perhaps?

But seriously...the SUN SP seems to have more resilience than the other banks/insurance
company's...buying low risk, blue chips at 3 and a half year lows, has to be good buying.IMO

 

[Bill M]

Re: SUN - Suncorp-Metway

I'm interested to know why those buying are doing so at present.
We are far from finished with the storm season and things could well get worse for SUN.

Well Julia I bought today too. I sold SUN 4 years ago for the price I bought it today. In a couple of days it goes ex div and it is a 7% FF Div which equates to 10% grossed up.

I can not get 10% anywhere in the market right now anywhere. This dividend is guaranteed aready.

I know nobody should chase a dividend, however we have a great company with good a banking business and a good insurance business that has be sold off to the tune of 35% from it's highs. There has been too much GLOOM AND DOOM factored into the share price of this great company. If the price of SUN was $16 I wouldn't touch em but for $14 it's a steal. Don't worry too much about the storms, storms come and and go be we are all still here needing insurance.

As a long term investor with a long term outlook I ask myself "what price will SUN be in 5 years time"? It will be no where near todays lows of $14. SUN can and will prosper, I have no doubt and in the mean time I will collect my 7% FF Dividends that has already been declared. Buy in Gloom sell in Boom and you will be ok.

 

[ROE]

Re: SUN - Suncorp-Metway

I'm interested to know why those buying are doing so at present.
We are far from finished with the storm season and things could well get worse for SUN.

Just looking at the SP performance over the last few years, it has hardly been great!

I bought it early 2004 at $13 and sold when it flattened out fairly early 2006 at just under $21. Since then it hasn't really done anything.

Aren't there other great companies out there which have turned in a far better performance during the last few years?

I'm buying and if it drop today again I'm buying some more
I done my home work with SUN and not buying a good stock on what if
"more storms, more claims" is bad decision you may regret.

Insurance is not only SUN business ..they have banking arms, investment arms, fund management arm, share trading platform, property (Hope Island), and to my surprise own LJ hooker when I did my research The list just goes on ...

 

[Julia]

Re: SUN - Suncorp-Metway

Well Julia I bought today too. I sold SUN 4 years ago for the price I bought it today. In a couple of days it goes ex div and it is a 7% FF Div which equates to 10% grossed up.

I can not get 10% anywhere in the market right now anywhere. This dividend is guaranteed aready.

Yes, the dividend is good, so if that's your reason for buying it, I'd agree.
Beats bank interest.

There has been too much GLOOM AND DOOM factored into the share price of this great company. If the price of SUN was $16 I wouldn't touch em but for $14 it's a steal. Don't worry too much about the storms, storms come and and go be we are all still here needing insurance.

Perhaps. But if market sentiment is doom and gloom, then belief in what a good company it is isn't going to push the SP up. I genuinely hope it does get better, but personally I'd just prefer to wait until I see an uptrend established. Here's the shareholder return for the last ten years:

1yr 3yr 5yr 10yr
-30.8% -3.2% 13.1% 13.2%
Sure, few companies are going to have a good figure for 1 Yr at present, but historically it's not that great compared to many others.

As a long term investor with a long term outlook I ask myself "what price will SUN be in 5 years time"? It will be no where near todays lows of $14. SUN can and will prosper, I have no doubt and in the mean time I will collect my 7% FF Dividends that has already been declared. Buy in Gloom sell in Boom and you will be ok.

Yep, just that SUN hasn't done too much of the 'boom" in the last couple of years. Compare with, just as an example, CPB and MND.

Good luck. Do hope it picks up soon and that you've managed to pick the bottom.

 

[YELNATS]

Re: SUN - Suncorp-Metway

I only hold SUN by virtue of having them allocated to me when they took over Promina, as I was a Promina holder.

Promina was going great guns until the takeover, and SUN haven't done much good since then.

I only hope that SUN can turn their act around soon.

 

[qr2007]

Re: SUN - Suncorp-Metway

Hi Friends,

How do you compare SUN and QBE? which one is better investment? I know the SPs are diff. but the return?

I have a bit of cash which I want to invest but not sure which one to put money in?

Thanks.

 

[ROE]

Re: SUN - Suncorp-Metway

Hi Friends,

How do you compare SUN and QBE? which one is better investment? I know the SPs are diff. but the return?

I have a bit of cash which I want to invest but not sure which one to put money in?

Thanks.

You got to have a bit of understanding on what you buy..better teach yourself before getting a high risk stock market.

Both sun and qbe run insurance business and it hasn't been hammer lately by bigger claims and lower margin the other nasty beast is IAG which 68% drop in profit came out today.

so for you to buy in either stock you have to have confident that these business can turn around and make more money in the future.

and what if you buy say qbe and sun and it drop another 10% would you have the nerve to right it out ?

 

[qr2007]

Re: SUN - Suncorp-Metway

You got to have a bit of understanding on what you buy..better teach yourself before getting a high risk stock market.

Both sun and qbe run insurance business and it hasn't been hammer lately by bigger claims and lower margin the other nasty beast is IAG which 68% drop in profit came out today.

so for you to buy in either stock you have to have confident that these business can turn around and make more money in the future.

and what if you buy say qbe and sun and it drop another 10% would you have the nerve to right it out ?

Hi Roe,

Thank you for your advice. I know they are both Insurance Business. I did some research on these two and they are similar but it seems the mgt of QBE is better than SUN, however SUN is more diversify business than QBE. That is why I am not sure which one to pick???

Not sure if my research is 100% right.

I will do stop loss if it dropped further 10%...

Thanks.