||COMS SHS $0.01
||EPS - Basic
||Market Cap (m)
Catlin Grp Share Discussion Threads
Showing 701 to 723 of 725 messages
|Now changing domicile to Bermuda with new ticker. It'll be shifting to Panama next!|
|irenekent - cash received, phew!|
|irenekent I am with Selftrade and have been allocated some XL shares, but no cash - yet! I wait.|
|Has anyone received a cheque yet? I think the deadline for sending them out to certificated holders is today. Also still no news on allocation of XL shares.|
|Still nothing from IB (no problem with holding US securities in my a/c)
I contacted them and they responded that their back office is still working-out the conversion. Seems pretty lame.
Edit: I will sell them as the yield on XL too low. Haven't decided on a target price. I note Goldman has just resumed coverage with a target of $39, however I am concerned there may be a significant correction in the US markets.|
|Got my XL GROUP PLC Depository Interests allocated today.
I had opted for default in trading account.
The shares that I held in ISA I had opted for maximum cash but I was still allocated a few Depository Interests - 29 for 1000 original GCL shares. Sell target $38+.|
|Cheque your IB account rules
R U sure they can hold non-UK securities?
what do you intend to do with them anyway?|
|Anybody hear anything on allocation? I thought accounts should be credited with new XL shares on 1st May but nothing showing on my IB account.|
|Last day of dealing. Bye, bye, Catlin - you've served me well and made me a good profit! Thanks|
|I have until midday on 24th April to make the election for my wife. The max share option comes out slightly ahead on current value and exchange rates but after this morning's market slip and assuming US equity markets follow suit when they open this afternoon an election for full cash would be advantageous.
I'll be electing for full cash anyway since the shares are held in my wife's ISA which cannot hold US equities.|
|Interesting I got a corporate action notification today, I did not realise there were 3 options for the takeover.
(Option 1: Receive the Basic Cash and Shares Offer (Default))
Or under the Mix and Match Facility
(Option 2: Elect for Maximum Cash)
(Option 3: Elect for Maximum Shares).
The default Option will apply to all holders who do not make an election by the deadline date (23rd April for my broker).
Elections made by Catlin Shareholders under the Mix and Match Facility will be satisfied only to the extent that other Catlin Shareholders make
off-setting elections. To the extent that elections cannot be satisfied in full, they will be scaled down on a pro rata basis. As a result, Catlin Shareholders who make an election under the Mix and Match Facility will not know the exact number of New XL Shares or the amount of cash they will receive until settlement of the consideration due to them in respect of the Acquisition. New XL shares will be issued as CREST depository interests and will not be tradable online.|
|It is ex dividend for the ITB special dividend today.|
|Can anyone see a reason why that RNS justifies a 15p drop on the share price?|
|I missed this RNS last week, amount of BOX dividend and dates for takeover timetable set.
Record date for the ITB (BOX) Special Dividend (11.7p) 10 April 2015
Payment date for ITB Special Dividend 24 April 2015
Delisting of Catlin shares becomes effective and issue of new XL shares 1 May 2015
Dispatch of cheques (or electronic settlement through CREST)
By 15 May 2015|
|Gradually closing the dividend gap.
I do not know when the XL takeover will be completed, they were trading at 7 year high today.
My calculation of the takeover value and Box cash return.
OFFER VALUE FOR EVERY 1000 SHARES
1000 @ 1.5365 USD/GBP
£3,074 130 XL SHARES @ 36.33
£6,954 TOTAL OFFER VALUE
£6,905 CURRENT VALUE
p PER SHARE GAIN 4.88 p
CASH FROM BOX SALE 12p 12.00 p
PER SHARE GAIN + BOX CASH 16.88 p|
|Many Thanks Enami and CWA1.|
|The Board of Directors has declared a 2014 final dividend of 22 pence per common share (33.5 US cents), payable on 19 March 2015 to shareholders of record on 20 February 2015. Combined with the interim dividend, the total dividend payable for 2014 of 32.5 pence per share
(51.2 US cents) represents a 5 per cent increase compared with the 2013 total dividend. In addition, the Board expects to declare a special
dividend of approximately 12 pence per common share following completion of the sale of ITB.|
|GARY - historically, the week after the announcement so I would guess 20 Feb.|
|Anybody know when this goes XD. No mention in the Final results ?|
|Reckon latest potential value for CTG shares is 729p based on XL at $35.64 and $1.51 to £1.
I should get out more
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|Excellent news...my broadband not working since I posted that calculation earlier so a bit surprised to see it over 700 when reinstated. 703 as i Type is enough for me to close half my positions.|
|Short XL now.|