Hardy Underwriting Group Plc - good value stock

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Hardy Underwriting Group Plc - good value stock

An SI Board Since September 2010

Posts	SubjectMarks	Bans	Symbol
1	0	0	HDU

Emcee: mr market	Type: Unmoderated

Introduction Market Data Compact

Hi,

I am trying to build my skill in value investing and would like some feedback. I believe Hardy Underwriting Group (HDU), listed on the London stock exchange is a good value pick. It is a P&C insurer/reinsurer on the Lloyds market:

Price to net working capital = 0.85
Combined ratio: 83% (8 yr avg)
Eps growth: 23% (8 yr avg)
75% of assets are debt but this is not unusual in insurance

Can't find any flaws after combing the public documents. Any feedback?

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