Goshawk Insurance Share Discussion Threads

[mr ashley james] 03/6/2005 11:22

Wow your position must have been enormous!(;-)0

[knowing] 31/5/2005 13:51

LOL paid for Disney

[mr ashley james] 31/5/2005 13:50

TK,

We are off to see the Wizard, the Wonderful Wizard Of Oz!

Trust you and you family had a fabulous Bank Holiday Weekend!

Cheers

Ash:)

[knowing] 31/5/2005 12:15

Mind the gap ;-)

[pomp circumstance] 31/5/2005 12:15

Flying now!!!!

50p by 2010?

[knowing] 31/5/2005 10:49

Probably threw a few ;-)

[pomp circumstance] 31/5/2005 10:46

yeeeeeehhhhhhhaaaaaaaaaa? what Ashleys finally tried to grow or 1p?

[knowing] 31/5/2005 10:36

Yeeeehhhhhhaaaaaa

[pomp circumstance] 31/5/2005 10:31

Well Well, Ashley must be on a growing course or something that is more importnat than Goshawk!!



ITS UP a PENNY!!!!!!

[mr ashley james] 25/5/2005 11:35

Pomp,

Well I can not see it the Bermudan Operation seem to know their stuff Russel is South African as far as I understand it, nice bloke.

You should ring Paul Spencer if you want to understand the restructuring but basically Goshawk Re ie Rosemont Re looks a neat little Reinsurance business.

Cheers

Ash:)

[pomp circumstance] 25/5/2005 08:55

Ive got a mate called Russell Brooke, hes sells bacon!! I hope the other hasnt make a pigs ear out of the restructure!!!

[knowing] 25/5/2005 08:51

Pomp probably fallen off his chair ;-)

[mr ashley james] 25/5/2005 08:49

TK,

Yup moving again I have just revisited Russell Brook's commentry on 2004, it really strikes me the GOS has turned the corner.

Up another 0.25p this morning so slowly but surely breaking out of pennant, resistance of offer much more spread than before on L2.

I thought this read well personally:-

LONDON (AFX) - Russell Brooke, chief executive of Goshawk Insurance Holdings
PLC, said the company is on track for profitable growth in 2005 after completing
a major restrucuturing excercise last year.
"The tide has now turned. Having re-shaped our portfolio and done good work
in 2004, we are now extremely well positioned," he told AFX News.
In late 2003, Goshawk was forced to close down its Lloyds underwriting
business, Syndicate 102, which had racked up annual losses of 73.2 mln stg after
failing to take out enough reinsurance cover to pay the claims it faced during
the year.
The company also re-focused its other main business, Bermuda-based Rosemont
Re, on property and marine insurance, abandoning 65 mln usd worth of renewable
long-tail contracts.
Earlier on Tuesday, Goshawk said the overhaul had helped cut pretax losses
for 2004 to 3.2 mln usd from 102.9 mln the previous year. The company added that
it would have made a profit had it not been for a 40 mln usd hit from the
hurricanes that devastated the south-eastern US in September 2004.
Brooke said 2005 had got off to a good start, with January policy renewals
up by 40 pct compared with the same period last year.
"That is a clear indication that we have client and broker support," he
said.
Brooke said that while rates in the global insurance market were softening
overall amid intensifying competition, policy renewal prices in the
industrialised regions affected by natural disasters last year would rise.
"There is still a lot of capacity in the market, and that will be a
challenge going forward," he said.
"But we expect prices in the Florida renewables season, which comes in June
and July, to be up in the 15-20 pct region. We will benefit from that," he said.
Goshawk shares were down by half a penny at 40-1/2 at 2.30 pm.
[e-mail]
mn/ec

[knowing] 24/5/2005 22:20

Hello...nice day ;-)

[pomp circumstance] 24/5/2005 17:28

Why did i know you be barring up!!!

[mr ashley james] 24/5/2005 17:25

Pommie,

We're Off up 0.25p:)

[mr ashley james] 24/5/2005 10:50

Who is he?

Mind the Gap!

[pomp circumstance] 24/5/2005 09:53

Pennants gone to Brum, hes not a problem anymore!!

[mr ashley james] 24/5/2005 09:50

Pommie,

With Pennants once the Resistance and Support are at equality ie sellers offering to sell at the dropping price have dried up, and buyers bidding to accumulate stock have not managed to fill their orders at rising prices to the pennant point, the stock moves rapidly in one direction or the other.

In this case we have the added benefit of short interest at the pennant point which have spent months in their positions who need to buy to close their short positions, which means there is the added pressure upwards of contained buying undoubtedly above the bid prices that the Bears have sold at, never mind T25 time pressures of having to roll over at a premium, or to have to buy to cover every 25 trading days.

The Bears basically only have two options:-

Buy to close have sold at 41.00p to 42.50p and cover at 44.00p ie take the loss and move on, which including transaction costs, interest, brokerage fees is unlikely to be less than 6.75% to 7.50% of their capital.

Reverse short positions into longs ie buy twice position back to close and go long and trade in the direction of the chart making loss back on pennant break north into vacuum of resistance.

Bluntly the Bulls are in a no lose situation they know shorts must buy to close and that whatever happens the strong likelyhood is a break north into gaps all the way to 78.00p above short term.

So most of us are just sitting and waiting for the time bomb of tedium and margin pressure to take their toll.

Cheers

Ash:)

[knowing] 18/5/2005 11:20

Paying over the odds for sells again. Do we have a delayed buy in the system ? Price is up from 42.35 to 42.55.

There's your excitement for today.

[joe moon] 17/5/2005 18:46

ash the first chart is bobbins ..ditch it imo

[pomp circumstance] 17/5/2005 18:44

exactly!!!

Why isnt it being shorted in Berlin or by the evil shorters circle?

At least theres some excitement then!!

[knowing] 17/5/2005 16:10

What you mean it doesn't drop like the others.