Goshawk Insurance Share Discussion Threads

[greenpastures] 19/8/2005 09:24

Pomp- do you think we will get a successful take-over bid this time? If one hurricane pushed them into loss how will they be fixed if we have another bad season this year as some are predicting?

[peter11] 16/8/2005 12:20

SAR 3 - Goshawk Insce Hldgs
RNS Number:1397Q
Phoenix Asset Management Partners L
16 August 2005
FORM SAR 3
DISCLOSURE OF ACQUISITIONS
(Rule 3 of The Rules Governing Substantial Acquisitions of Shares)


Name of acquirer PHOENIX ASSET MANAGEMENT PARTNERS LTD

Beneficial owner, if different from above

Names of any other persons acting by agreement
or understanding (see SAR 5)

Company dealt in GOSHAWK INSURANCE HOLDINGS PLC

Class of voting shares (eg ordinary shares) ORDINARY

Date of acquisition 15/08/05

Number of shares acquired 29,546

Number of rights over shares acquired # 0

Nature of rights over shares 0

Total holding of voting shares (and percentage of
total voting shares in issue) 51,042,954 (29.01%)

Total holding of rights over shares (and
percentage of total voting shares in issue) 0

Combined total holding (and percentage) of
voting shares and rights over shares 51,042,954 (29.01%)

[mr ashley james] 29/7/2005 08:09

Pommie,

Similar Price Action on GOS as per SVB Yesterday before sudden move mms seem to be walking offer up.

Time MM Bid Offer Bid Sz. Offer Sz.
07:56 ALTI 44.00 48.00 50,000 50,000
07:54 KBC 44.00 47.00 50,000 50,000
07:53 MLSB 44.00 47.00 50,000 50,000
07:53 BGWL 43.00 47.00 25,000 25,000
07:53 NUMS 44.00 47.00 50,000 50,000
07:52 44.00 46.00
07:52 43.50 46.00
07:52 NUMS 43.50 46.50 50,000 50,000
07:51 NUMS 43.00 46.00 50,000 50,000
07:51 TEAM 43.00 46.00 50,000 50,000
07:50 SCAP 41.00 46.00 50,000 50,000
07:32 PMUR 43.00 46.00 50,000 50,000
07:31 43.00 46.00
07:31 WINS 43.00 46.00 50,000 50,000

[mr ashley james] 14/7/2005 15:20

Still only MLSB Left on the Offer

[mr ashley james] 14/7/2005 09:13

Andrew, Yes whenever possible.

Only MLSB Left on Offer at 46.50p (expecting a cheeky reply from some bright spark)

Viren intercedes:-It won't be Pommie then!

[alexandrews] 12/7/2005 12:52

Ash, are you now planning to c&p every RNS for Goshawk?

[mr ashley james] 12/7/2005 11:03

RNS Number:7739O
Goshawk Insurance Holdings PLC
12 July 2005


Goshawk Insurance Holdings PLC

("the Company")


Goshawk Insurance Holdings PLC was today advised that as at 7 July 2005,
Barclays PLC, through the legal entities listed below, had a notifiable interest
in 7,146,479 ordinary shares in the Company representing 4.06% of the issued
share capital of the Company.

Legal Entity Holding
-------------- ---------
Gerrard Ltd 8,000
Barclays Life Assurance Co Ltd 669,400
Barclays Global Investors Ltd 4,513,452
Barclays Capital Securities Ltd 1,884,221
Barclays Bank PLC 71,406







This information is provided by RNS
The company news service from the London Stock Exchange

END
HOLRTMMTMMABBLA

[mr ashley james] 11/7/2005 16:42

RNS Number:7276O
Goshawk Insurance Holdings PLC
11 July 2005


GoshawK Insurance Holdings Plc

Annual General Meeting ("AGM")


At the AGM of GoshawK Insurance Holdings Plc ("GoshawK" or the "Company"), Paul
Spencer, Chairman of GoshawK, made the following comments:

"2005 has been a good year so far for your company. In our trading update
released this morning we stated that for the underwriting year to date premiums
written total $117m an increase of approximately 35% over the same period last
year. We performed well in Japan at the April renewals thanks to the excellent
relationships Russell Brooke, CEO, has further developed with the leading
Japanese insurers. In June and July we saw a 70% increase in volume, coupled
with good renewal rates, in our US renewals capitalising on the established
relationships of Steve Velotti our new US underwriter.

Your company is well positioned to continue to grow profitably in its chosen
markets. This is in marked comparison to the dire straits we found the Company
in when myself and Russell took over in late 2003.

The Board regrets that our largest shareholder Phoenix Asset Management has
decided to attack the Board in public when other major shareholders have made it
clear that they would not accept Phoenix taking management control without
paying a premium.

The Board will answer all your questions including governance and remuneration
but it is important you understand why the Board believes this move by Phoenix
is all about trying to get control.

In 2004, the year in question, although approached by the Company, Phoenix did
not want to meet. During this period we did consult with two other major
longstanding shareholders on issues including our 2005 remuneration. In 2005,
the Company has met four times with Phoenix.

In our meetings with Phoenix, they have never mentioned any concerns regarding
remuneration. The first we knew about these concerns was on 1 July 2005, by
fax, immediately prior to their announcement. In our meetings, all Phoenix
wanted to talk about was taking management control and managing the assets. But
they made it clear they were not prepared to make an offer with an appropriate
premium for management control.

I have recently spoken to a significant number of shareholders, representing
approximately 45% of the shares, who fully support the Board and have no support
for Phoenix or their desire to take control. They want Phoenix to put up
(meaning make an offer at an acceptable premium) or shut up (meaning support
management in continuing to grow the value of the group for all shareholders).

Certain shareholders I have spoken to provided us with feedback concerning the
breadth of consultation, structure and disclosure, all with respect to
remuneration. However, not in a single case were these concerns about the level
of remuneration. These shareholders recognise how management have turned round
the company and this has been reflected in the share price rising 57%. We have
tried to incentivise management in a manner where shareholders also benefit and,
in consultation with shareholders, would like to continue to do so.

Following this AGM your board will continue to drive forward with the strategy
we have consistently outlined to you. We believe this strategy is in the best
interests of our shareholders as a whole and will produce superior returns.
However if Phoenix or other shareholders discuss constructively with us ways of
performing better which are in the interests of the shareholders then we will
listen and act. We strive to do what is in the best interests of all our
shareholders.

Your management team in Bermuda under Russell's leadership is doing a great job.
Any shareholder disputes when read about by clients, reinsurance brokers, the
rating agencies and, of course, our staff makes their job harder. Surely we
should be trying to help not hinder. Can we please listen to what the majority
of the shareholders want and help create an environment where Russell and the
team can thrive."

Result of AGM



All resolutions at the meeting were passed. The board has noted certain
shareholders' views on remuneration and will consult with them accordingly.



Paul Spencer, Chairman of GoshawK, commented:

"2005 has been a good year so far for GoshawK.

The board will continue to drive forward with the strategy we have consistently
outlined to shareholders.

I am delighted shareholders voted in support of the Board."


11 July 2005


Enquiries:

GoshawK Insurance Holdings plc Today: 020 7457 2020
Paul Spencer, Chairman Thereafter: 020 7499 2355
Russell Brooke, CEO Thereafter: [phone]

College Hill 020 7457 2020
Tony Friend
Richard Pearson


This information is provided by RNS
The company news service from the London Stock Exchange
END

RAGPKDKDNBKDNOD

[alpha6] 11/7/2005 13:42

AQL set to reach between 3.5p and 5 current price only 1.9p

'New' Aquilo well set to flourish
Update by John Borgars, Jul 11, 2005 (login for full report)
Questions? Contact our analyst


• Business now radically transformed
• Similar improvement in balance sheet (net cash)
• Attacking huge insurance outsourcing market
• Potential to cut insurance fraud (> £1bn est. size)
• Moving into profitability
• Leaves 3.5p-5p as short term 'fair value' target

[mr ashley james] 11/7/2005 13:42

ROFL Did you see GOS increased their premium income by 35%?

[ursus] 11/7/2005 13:13

maybe it's an svb type breakout.

[mr ashley james] 11/7/2005 12:36

Pommie at last a break out?

[mr ashley james] 07/7/2005 14:17

Pomp,

For the record GOS Write a short tail mainly Excess Of Loss Property/Marine Portfolio and are highly unlikely to be even vaguely effected by this morning's events IMO.

It will however undoubtedly cause Underwriters to harden Reinsurance Rates in G8 Nations so could well lead to greater potential profits for GOS/Rosemont Re IMO.

Cheers

Ash:)

[mr ashley james] 06/7/2005 14:19

Pomp,

LOL!

Anyway the parrot is starting to flutter it's wings.

ZZZZ

Cheers

Ash:)

[mr ashley james] 06/7/2005 10:32

Alex,

Nope, charts are the most important quick reference point for most of us, you must be the lone voice that does not want charts in a header.

Sorry, but I need a quick reference point, can I suugest you cough up for broadband?

Cheers

Ash:)

[mr ashley james] 05/7/2005 16:53

A,

But they have been.

Controversy is good anyway gives something for people to talk about.

Cheers

Ash:)

[atharsherwani] 05/7/2005 16:28

dear ash
As shareholders, we are entitled to know certain information relating to the directors. I am not concerned about phoenix one bit! I am not suggesting that the directors are overpaid but when terms are altered, these should be intimated to shareholders, particlurly, those relating to performance of share price and bonuses/options.