Kin Share Discussion Threads

[dayjob] 13/8/2003 09:06

Has anyone any views on this one? Seems to have been left behind, trading at only 10 p/e, in the bottom quartile of its last 12 months. A good team of underwriters,no skeletons in the closet that i know of, and potentially bumper results to be announced mid sept.

[macduck] 03/6/2003 07:40

URSUS-re your comment of May16-would you like to elaborate as to why Kiln is worth holding?

[ursus] 17/5/2003 00:15

dont forget this one- the market seems to have!

[pyman] 13/3/2003 08:49

The whole sector seems to be getting beaten up! any change in the fundementals over the last couple of months or just general nervousness?

[macduck] 06/3/2003 23:36

Why does Kiln need to take a minority interest in a new company being formed by Berkley?
Why don't they stay the course with what they do best.
An investment like this will not add value to KIN shares.

[king rat] 06/3/2003 20:40

... and downgraded to "sell" by Altium.

[gardenboy] 06/3/2003 17:29

London, March 5 (Bloomberg Data) -- Kiln Plc (KIN LN) was raised to ``add'' from ``hold'' by analyst Nicholas Johnson at Numis Securities Ltd.

[square1] 26/2/2003 09:59

Well looks like 80p soon. That's the level to buy IMHO.

[square1] 26/2/2003 00:04

22k sell 2p below bid. Bid clearly v. weak

[harleymaxwell] 25/2/2003 14:00

paddy
who do you work for if you dont mind me asking

[king rat] 25/2/2003 13:58

Paddyfool,

Since you're around, are you in aposition to update us on the SVB reserve deterioration reinsurance?

Regards.

King Rat

[paddyfool] 25/2/2003 13:46

I think its a very badly kept secret that near enough all ILVs are looking to raise capital. The view permiating is that in two/three years time the market may start to soften considerably, so we have to be in there now writing more. This is of course potentially a self fullfilling prophecy. The only thing holding back these offerings is the dilutive effect of the current shareprice.

[square1] 25/2/2003 11:42

Temper, temper. I love the sector but nothing goes up in a straight line.

[skrill32] 25/2/2003 11:34

Square1, pop that chart back where it belongs, you know where the sun doesn't shine.

[square1] 24/2/2003 09:03

Chart indicates a fall to around 80p. I also have heard rumours of another capital raising. Heard the same about GOS too.

[pyman] 24/2/2003 08:55

Fall presumably chart related-now looks oversold-buying opportunity? reults from the rest of the pack still showing strong business and premium levels.

[sunsetwarrior] 11/2/2003 19:54

Does anyone have any news on the WR Berkeley bid ?.
Or is it just "pie in the sky" ?.

SW

[shanklin] 07/2/2003 15:56

Janemary

Yes, its Shanklin, IoW. I lived in Shanklin until I was 25.

Thank you for your suggestion. I'll read up on WUN.

Regards

Shanklin

[janemary] 06/2/2003 22:58

Shanklin

I currently hold WUN and I think it has the biggest upside potentional, having increased it's capital by a significant amount and it also underwrites in sectors with the highest premium growth. Also the institutions are increasing their stakes in this company, the management are well respected according to a sources.

Also monitoring KIN with the view to investing subject to being able to buy-in
at the right price.

? is that Shanklin I.O.W. ?

Regards Janemary I.O.W.

[shanklin] 06/2/2003 22:36

King Rat

Would welcome your thoughts on the best Lloyds Underwriters to invest in... ...do you see any or many of them as particularly undervalued?

I currently have shares in AUW and KIN, which have been my two biggest % gainers of the tax year. Had considered switching out of one of these, into another underwriter, to use some of my capital gains limits and offset losses elsewhere whilst staying in the sector.

Thanks & Regards

Shanklin

[king rat] 06/2/2003 20:58

Shanklin,

$17m of losses have apparently come into London from Columbia, so $2m to Kiln does not seem unreasonable. I agree that it is not significant, and probably is not terribly material to Goshawk either.

Regards.

King Rat

[shanklin] 06/2/2003 19:10

King Rat

Following your post, I contacted Kiln re Columbia and got an E-mail in reply from Roy Butler the FD.

He confirmed that their "biggest syndicate 510 has a small exposure through the cargo account of the marine and special risks division". He states that they " do not expect the loss to exceed $2m which is not particularly significant bearing in mind the size of the syndicate (£480m or $770m)."

Thoughts welcome. Given that I contacted them at 16:45 yesterday, I was impressed to get a reply, in writing, before 8 a.m. this morning, albeit that I had left for work by then.

[king rat] 05/2/2003 06:58

I believe Kiln and Goshawk have losses arising from the loss of Columbia.

[gardenboy] 04/2/2003 16:15

pyman,

As far as I understand, none of the listed ILV's have asbestos related claims problems (DYOR)

re Columbia - not sure

[pyman] 04/2/2003 15:35

Re the loss at AIg-does kin have similar potential problems-asbestosis or is this all wrapped up in equitas? as reported in the US the climate of litigation and enormous awards for not very much seems to have no end in sight-as a long term holder of kin should I be worried or do they underwrite differring risks?i