26 Quotes by Colin Morton
- Author Colin Morton
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We've seen quite good sales figures from all the UK life insurance stocks. It looks like people are buying savings products once more and the sector seems to be performing relatively well again now after a tough few years.
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I would be surprised if the stock does not react pretty strongly.
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I would be surprised if someone was willing to pay at this price for the stock. I am pretty cynical, but I am loath to dismiss it completely.
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Overall it looks okay, with earnings in line with expectations. Barclaycard is as bad as people thought it would be and retail is better than thought.
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Market confidence towards savings products seems to have returned. As a result, the life insurance sector is getting back on track after a couple of tough years.
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Margins are much more of an issue than they were, but hopefully if they can get the growth, it should help offset any margin pressure they see.
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We like these stocks. You can have more confidence in the profits.
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It wouldn't be a surprise if one of the smaller UK banks got bought, but Northern Rock have always had a disciplined organic growth investment model of their own, so it would be something new for them.
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These companies should, touch wood, have a guaranteed growth pool, because people will have to save more for their retirement.
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