I apologise, If I was wrong

[colvic]

At the start of the week, I made a posting on yet another thread about the huge increase in insurance premiums, in this case over 200%, from Pantaenius insurance. My posting pointed out that Mr. Barry Sullivan, the M.D. of Pantaenius Insurance Brokers had, earlier in the year in a statement published on this forum pointed out that the sum of £1/2million transferred to Germany was a dividend payment to shareholders. My posting mentioned the fact that as there are, according to Pantaenius accounts lodged at Companies House some 10,000 shares, now in German hands, then the dividend per share is £50, which by any stretch of the imagination has to be a bloody good return.

Mr. Sullivan has demanded that this posting be removed, pending legal advice, which Dominic, standing in for KH, has done as he is being very cautious. I understand his position.

As I said, if I was wrong I apologise.

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[Breoch]

Your maths seem OK to me, so what you say is why such huge prmium hikes when profits are obviously so good. Good point.

Don't let them grind you down

JE

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[qsiv]

I dont think that the rate of return is remotely linked to the number of shares in issue. As far as I am aware every analyst in the world links the rate of return to the price of the shares.

FWIW, my premium leapt 10% this season, not 200%

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