Castelnau Share Discussion Threads

[237gmoney] 15/11/2013 07:50

Richard, insurance is rarely bought in south east Asia especially in the region where the storm hit. Early reports are the insured loss will be about $700m or there about. A few Marine losses but nothing major. Certainly nothing to worry about for Catlin I think

[iomhere] 14/11/2013 10:05

Richard
If there were it would already be in the price so I don't think there's need for concern.

[richardbroughton] 14/11/2013 09:13

Anyone know if there is exposure to Phillipines disaster?

[gingerplant] 11/11/2013 17:35

Well FWIW, I looked at it this morning and had kind of already decided to bank a good gain so was tempering my judgement a little more towards the negative than I should have - but couldn't really see how and why it was anything less than c.£2,250m which equates to 620p, though I fully accept that insurers are hard for us mere mortals to value accurately.

[237gmoney] 11/11/2013 16:00

Only $148m in Cat and large losses in 2013 is pretty impressive.

2013 has been a pretty quiet year all round so surprised these are not doing better

[chairman20] 05/10/2013 14:22

that os looking a 'toppy' chart

[chairman20] 23/8/2013 22:49

the decline has produced a bounce - above 460p

doesn't seem to me to be a disastrous number, especially
if you want to buy more. Not too many holders seem to have been
shaken into selling. short term traders could be attracted to
look for a short term recovery back over 500, even 530p.

[this_is_me] 13/8/2013 12:02

After the good results I am surprised that it hasn't gone higher, but then if markets were rational it would be much harder to make money. At least my relatively small holding is well in profit.

[dope007] 13/8/2013 09:56

Sums up the crazy situation in the markets. Poor results and after the initial drop the markets pushes it back up. Stock markets are now overvaluad on all measures, driven by failing QE, and momentum algo trading.

[chairman20] 13/8/2013 08:14

chart says share price is trying to break back up through the pennant to rise above 500op

a key test over the next few days.

[iomhere] 09/8/2013 09:45

Round Tattenham corner they come!

[iomhere] 09/8/2013 09:26

The question is, "Why"? A possible answer is the attraction of being with the herd.

[fabius1] 09/8/2013 09:17

What is more, I have a feeling the market may challenge the present rating.

[iomhere] 09/8/2013 09:15

Chairman20
If one goes back to the week ending 22/03/13 CGL closed at 525.25p bid with the UKX standing at 6393 (just to give a general feel for the state of the equity market as a whole), so what's changed since then?

[chairman20] 09/8/2013 08:43

given the risks its not poorly rated nor does the chart look at all bad.

You pays your money....

[this_is_me] 09/8/2013 08:26

I bought a small stake this morning.

[iomhere] 09/8/2013 08:23

I realise it's unprofitable to bet against the market but looking at the progression of dividend payments over the last twelve years or so and the current dividend yield of 6% it seems strange that this share is so poorly rated.

[ddahj] 09/8/2013 07:59

Unexciting consequently good results. Leading insurance company marketing through underwriting contribution by non-London hubs, 35% to 43%. Net book value £5.35 per share, (tangible assets £4.22).

[chairman20] 12/6/2013 18:01

ursus

can you explain further - and is there a source for these?

[ursus] 12/6/2013 16:58

It's the outlook implied by cat rate renewals, I reckon. These hit the likes of Catlin and Lancashire harder than most.

[chairman20] 12/6/2013 15:59

looks like something is doing a good job of driving these down

[dope007] 10/6/2013 11:48

I agree Chairman, and have read the views on here and iii. Yield supports the stock, but would be nice to see sub 450p, however that could depend on the general market trend in the short term

[chairman20] 10/6/2013 11:29

brokers make money only when someone is buying and someone else is selling

Shares that are thinly traded and go in one direction are a nightmare for them
and guranteed that they loose money on deals.

so analysts have a simple job = shake the tree; generate some trades.
In this case Numis wants stock so its recommended holders to sell...

I never tajke onything I hear in the markets at face value without
asking "cui bono?"

[dope007] 10/6/2013 10:50

Spoke to my broker and Numis downgraded these recently. The belief was people are not happy with the USA numbers on the business. Keeping these on my watch list with the hope of buying sub 450p. But that most likely depends on the general direction of the overall market.