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CRE Conduit Holdings Limited

497.00
4.50 (0.91%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Conduit Holdings Limited LSE:CRE London Ordinary Share BMG243851091 COM SHS USD0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  4.50 0.91% 497.00 361,259 16:35:05
Bid Price Offer Price High Price Low Price Open Price
494.50 495.50 496.50 490.00 490.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Fire, Marine, Casualty Ins USD 255.5M USD 190.8M USD 1.1547 4.28 817.11M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:45:10 O 9,317 496.037 GBX

Conduit (CRE) Latest News (1)

Conduit (CRE) Discussions and Chat

Conduit (CRE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:45:33496.049,31746,215.77O
16:45:19496.956063,011.52O
16:44:04495.847,58537,609.69O
16:44:00494.444,02219,886.50O
16:43:35495.4515,95379,039.78O

Conduit (CRE) Top Chat Posts

Top Posts
Posted at 18/4/2024 09:20 by Conduit Daily Update
Conduit Holdings Limited is listed in the Fire, Marine, Casualty Ins sector of the London Stock Exchange with ticker CRE. The last closing price for Conduit was 492.50p.
Conduit currently has 165,239,997 shares in issue. The market capitalisation of Conduit is £817,111,785.
Conduit has a price to earnings ratio (PE ratio) of 4.28.
This morning CRE shares opened at 490p
Posted at 29/1/2024 14:01 by houseofpain1
Frustrating I agree but if the team keep on delivering as they appear to have done to date, then the market will wake up to this one eventually Riverman.

And if it doesn't, someone will take it out or, perhaps more likely, management will look to sell up. They are heavily incentivised by TSR and if the market doesn't get them to the relevant hurdles on its own, then I've no doubt they will try to engineer a sale at a price that does. And that would mean substantial upside from here...

Detail on incentive plan is here at page 42/3 in case of interest: hxxps://conduitreinsurance.com/media/yiepe1dt/conduit-holdings-limited-registration-document.pdf
Posted at 29/1/2024 11:16 by flagon
26.01.24 RBC raises Conduit Holdings price target to 575 (550) pence - 'outperform'

29.01.24 Berenberg raises Conduit Holdings price target to 635 (620) pence - 'buy'
Posted at 27/1/2024 09:15 by riverman77
Strong trading update the other day but not even a flicker of interest from markets or indeed anywhere else. Not sure what it will take to inject some life into this share. Thankfully they at least pay a dividend so it's not completely dead money.
Posted at 26/12/2023 22:04 by texaspete2
CRE is one of Shares Magazine 10 stocks for 2024. For those with no access here is a short snippet .... To give some impression of how fast the company is growing, it wrote more than $900 million worth of premiums in the first nine months of this year, an increase of 56% on this time last year, and since inception it has written $2 billion with what is called 'unearned premium' of $676 million which is yet to f low through to profits. This means in less than three years the firm has almost hit its five-year target already, Carvey tells Shares.
Posted at 20/8/2023 11:49 by jm65
Looks like the two Directors buying shares have a basic remuneration package of just over £4M between them so I don't think a couple of £100k's worth of share buying is a big deal, more like a token show of confidence...especially as every news bulletin seems to show the rest of the world on fire.
Also plenty of commentary in the natural disaster section of the AR regarding Earthquake and Offshore Wind damage and the briefest mention of Wildfires: maybe they've been caught out?
Posted at 18/8/2023 10:31 by sleepy
Flagon - I believe your numbers refer to the share price/book value ratios rather than the book values
Posted at 18/8/2023 08:21 by flagon
According to Yahoo finance price/book (mrq) values of UK listed peers are ...

Conduit Re : CRE : 1.05
Beazley : BEZ : 1.78
Lancashire : LRE : 1.20
Hiscox : HSX : 1.60


Link :
Posted at 21/7/2023 22:16 by flagon
From CityWire today ...

Berenberg predicts inflection point for Conduit
Specialist property and casualty reinsurer Conduit (CRE) has had a better start to the year than its peers and its fundamentals have improved, says Berenberg.

Analyst Tryfonas Spyrou retained his ‘buy’ recommendation and increased the target price from 595p to 600p on the Citywire Elite Companies AAA-rated stock, which climbed 2.2%, or 10p, to 470p on Thursday.

‘Conduit has – in relative terms – had a better start to the year than its London-listed peers Beazley (BEZ), Hiscox (HSX) and Lancashire (LRE), with the shares up 7.3% year-to-date versus peers that are down 7.5% on average,’ Spyrou said.

‘On the other hand, the shares continue to trade close to one times net asset value – structurally lower than its wider reinsurance peer group.’

Spyrou said the low multiple is ‘partly a function of the broader subdued appetite for UK shares and Conduit’s lack of a track record’. However, he believes that the ‘fundamentals for the industry and for Conduit have improved significantly over the past 12 months’.

‘As we have previously discussed, 2023 will be an inflection year for the company. We expect Conduit to post its first ever net profit of $55m,’ he said.
Posted at 12/2/2023 11:21 by flagon
Tipped today in Mail on Sunday.

Link :
Posted at 25/1/2023 09:43 by flagon
This morning ... Berenberg raises Conduit Holdings price target to 590 (570) pence - 'buy'
Conduit share price data is direct from the London Stock Exchange

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