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Insurance Valuation News

Listing Brokers Say $2.50 Is Fair

Wednesday June 28, 2000
Brokers to the float of NRMA Insurance Group have clustered their official valuations for the company around the $2.50 per share mark, but some believe the shares could show early upside to more than $3. The most bullish appears to be joint global co-ordinator, Macquarie Equities, with a mid-po

Surviving Gst: Cutting Through The Red Tape

Tuesday June 20, 2000
TAX reform and its prodigious offspring, the Goods and Services Tax, will be here in just ... days. Whether we are buying or selling goods and services, trading shares or investing in property, our lives will change after June 30. But to what degree? And how can we structure our financial affa

Hedging Policies Hold Back Oil Producer Profits

Monday June 19, 2000
The oil price is booming, but it isn't rubbing off on Australian producers, who may be paying the price for taking insurance against the punishingly tough market that prevailed until a year ago. Since early 1999 the price of West Texas Intermediate crude oil has more than doubled, from below $US

Oil Price Twist: Heaviest Hedger Faring The Best

Monday June 19, 2000
The oil price is booming but it isn't rubbing off on Australian producers, who may be paying the price for taking insurance against the punishingly tough market that prevailed until a year ago. Since early 1999 the price of West Texas Intermediate crude oil has more than doubled, from less than

Nrma Offers Rate Reward To Members

Saturday June 17, 2000
NRMA Insurance Group will seek to immediately increase the penetration of financial services into its membership base when it lists by offering shareholders a premium deal from its building society. Assuming the sharemarket listing proceeds either late July or early in August, shareholders who pu

Hih Dismisses Calls For Capital Injection

Friday June 16, 2000
"HIH Insurance yesterday moved to stem the tide of ill will towards the company by denying it needed to raise fresh capital, but the jury remains out as to whether the company's share price can recover so soon after its recent dismal performance. The general insurer's managing director, Mr

Nrma: Has Done Better

Friday June 16, 2000
NRMA Insurance Group will go into its $4 billion listing later this year forecasting a lower 2000 net profit, although it expects earnings to rise in the year to June 2001, thanks to improved investment returns and early gains from the group's strategy of increasing its penetration in the financial