Share Name Share Symbol Market Type Share ISIN Share Description
Blue Capital LSE:BCGR London Ordinary Share BMG1189R1043 ORD USD0.00001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +$0.00 +0.00% $0.96 $0.94 $0.98 $0.96 $0.96 $0.96 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -6.9 0.0 - 191.14

Blue Capital Share Discussion Threads

Showing 1 to 18 of 25 messages
Chat Pages: 1
DateSubjectAuthorDiscuss
04/11/2016
08:57
My strategy might be to tender all of my holding, so getting an optimum number of red shares. Then buy more ords as each redemption date approaches, providing the shares trade at a discount. Since others could do the same, the discount (currently 11%) could narrow on a long-term basis.
jonwig
04/11/2016
07:37
Tender offer, complicated! ... Http://www.investegate.co.uk/blue-capital-global--bcgr-/rns/tender-offer/201611040700062997O/
jonwig
21/10/2016
06:46
Hurricane Matthew, which devastated parts of the Caribbean before battering the U.S. East Coast, may cost insurers as much as $8.8 billion, according to AIR Worldwide. The catastrophe-modeling firm estimates insured losses range from $2.2 billion to $6.8 billion for the U.S. and from $600 million to $2 billion for the Caribbean. ... At $8.8 billion of insured losses, Matthew wouldn’t make it to the top 10 list of the costliest claims for insurers and the re-insurers who help them shoulder risks. Http://www.insurancejournal.com/news/national/2016/10/13/429272.htm May help explain why there has been no cautionary statement from BCGR or CAT.
jonwig
19/10/2016
15:27
September NAV published, 2.8% performance over the month. Tender offer should be between 1.09 and 1.12 I'd think. About time they announced this. And no comment on Matthew from either BCGR or CAT.
jonwig
05/10/2016
20:51
I'll keep an eye on it. It's very illiquid and hardly any trades. Very few posts as well.
kev0856153
05/10/2016
16:46
I'd have said relatively low until last weekend - hurricane Matthew is likely to pass along the east coast of Florida from tomorrow. I'd imagine that could be significant enough for a few cents off the NAV. The flip side of that would be hardening reinsurance rates and future higher returns. This hasn't been a sparkling investment(compare CAT, much better), but it's giving me a steady yield of over 6%, and the coming tender offer will be useful. And it's uncorrelated with equity markets.
jonwig
05/10/2016
15:13
This looks quite interesting but where does it sit on the risk scale? Low, Medium or High? TIA
kev0856153
19/9/2016
19:08
31/08 NAV up smartly to $1.0933. No mention of loss reserves of provisioning.
jonwig
02/9/2016
09:42
From Dec 2012 prospectus: The price at which the Ordinary Shares may be tendered will be determined by the Directors at the time of such tender offer but is currently intended to be at the Net Asset Value per Ordinary Share on or around the record date for the tender offer less a pro-rated share of the costs of the tender offer So the relevant price could be determined after the 31 August NAV calculation and might include a loss provision for Hermine. Not a very large one, according to the Artemis blog.
jonwig
02/9/2016
08:59
Good spot Jonwig. Proposed Tender Offer The Company's shares have traded at an average discount of more than 5 per cent. to the net asset value per Ordinary Share over the three month period ending on 31 August 2016. As a result, the Directors intend to offer shareholders the opportunity to tender Ordinary Shares in issue in accordance with the discount management policy of the Company implemented at launch. Proposals to effect the tender offer will be put to shareholders in due course.
rambutan2
02/9/2016
06:11
I don't know whether the 31 August NAV will include a provision for Hurrican Hermine, but the 30 Sept one should show some impact. First category 1 hurricane to hit Florida in 11 years: Https://www.washingtonpost.com/news/post-nation/wp/2016/09/01/florida-empties-popular-labor-day-site-ahead-of-hurricane-hermine/?utm_term=.d0450e20dac4 Probably a couple of weeks before company can make a loss estimate statement. However: Http://www.artemis.bm/blog/2016/09/01/hurricane-hermine-insured-losses-expected-to-be-manageable/
jonwig
01/9/2016
07:50
Very likely: "The Ordinary Shares traded at an average discount to their Net Asset Value of 9.6 per cent. over the period. [31/12/15 - 30/06/16.] The Company's discount management policy, adopted at the time the Company was launched, includes a requirement for the Directors to consider a tender offer if the shares trade at an average discount of more than 5 per cent. to the net asset value per ordinary share over the three month period ending on 31 August each year. In the event this proves to be the case in 2016, the Directors intend to offer Shareholders the opportunity to tender up to 25 per cent of Ordinary Shares in accordance with this policy." The average discount appears to be well over 5%. has this been overlooked by the market?
jonwig
18/8/2016
14:52
May provisions for events in US, Canada, Japan impacted that month's NAV. Latest for July appears to write these back, though danger period comes from now to November. Discount of 12.5% to NAV looks excessive compared with CAT's. There's a share buyback process in place which ought to help if used.
jonwig
31/12/2015
06:29
Reinsurers hit by falling renewal prices: Http://www.ft.com/cms/s/0/f8c525bc-af05-11e5-993b-c425a3d2b65a.html#axzz3vX4jEehK Hence the point of post #4
jonwig
17/12/2015
12:26
The discount here contrasts with the premium on CAT. The latter has been more rewarding, but it also has greater cat exposure, so risks also greater. Target returns reduced to LIBOR + 8% but management fees down too. Dividend policy unchanged at LIBOR + 6%.
jonwig
12/9/2013
07:59
BCGR listed on the the London Stock Exchange's Specialist Fund Market ("SFM") (ticker: BCGR) and the Bermuda Stock Exchange on 6 December 2012, raising $100.1 million. The Company subsequently raised $52.3 million pursuant to the First Closing under the Placing Programme in May 2013. The Company provides investors with the opportunity to access the global catastrophe reinsurance market and to invest in an alternative asset class whose returns have historically been largely uncorrelated to those of other asset classes, including global equities, bonds and hedge funds. ... The Company is targeting an annualised dividend yield of LIBOR plus 6 per cent. per annum on the Issue Price of the Ordinary Shares and a net return to Shareholders (comprised of dividends and other distributions to Shareholders together with increases in the Company's Net Asset Value) of LIBOR plus 10 per cent. per annum to be achieved over the longer term, net of fees. Latest NAV (July 2013) $1.0158.
jonwig
22/5/2013
06:17
Interesting to see what they have to say re. Oklahoma tornado. [IRIS no impact, CAT not known yet - probably not zero.]
jonwig
19/3/2013
08:06
. Http://www.bluecapital.bm . ~~~~~~~~~~~~~~~~~~~~ The Company is targeting an annualised dividend yield of LIBOR plus 6 per cent per annum on the Issue Price of the Ordinary Shares and a net return to Shareholders (comprised of dividends and other distributions to Shareholders together with increases in the Company's Net Asset Value) of LIBOR plus 10 per cent per annum1 to be achieved over the longer term, net of fees. ~~~~~~~~~~~~~~~~~~~~ Significant Holdings at 23/03/13 (total 100.1m shs) Montpelier Re .......... 50,000,000 50.0% F&C Asset Management ... 15,100,000 15.1% Baillie Gifford ........ 10,010,000 10.0% ~~~~~~~~~~~~~~~~~~~ NAV monthly: 31/03/14 ... $1.0362 30/04 ...... $1.0352 31/05 ...... $1.0379 30/06 ...... $1.0416 31/07 ...... $1.0551 31/08 ...... $1.0429 (xd $0.032) 30/09 ...... $1.0682 31/10 ...... $1.0804 30/11 ...... $1.0831 31/12 ...... $1.0882 31/01/15 ... $1.0582 (xd $0.033) 28/02 ...... $1.0610 31/03 ...... $1.0637 30/04 ...... $1.0656 30/05 ...... $1.0673 30/06 ...... $1.0751 31/07 ...... $1.0496 (xd $0.033) 31/08 ...... $1.0701 30/09 ...... $1.0919 31/10 ...... $1.1092 31/11 ...... $1.1147 31/12 ...... $1.1217 31/01/16 ... $1.0935 (xd $0.033) 29/02 ...... $1.0967 31/03 ...... $1.1003 30/04 ...... $1.1019 31/05 ...... $1.0816 30/06 ...... $1.0871 31/07 ...... $1.0663 (xd $0.033) 31/08 ...... $1.0933 30/09 ...... $1.1239 30/10 ...... $1.1216
jonwig
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