||COM SHS USD0.50
||EPS - Basic
||Market Cap (m)
Lancashire Holdings Share Discussion Threads
Showing 1076 to 1097 of 1100 messages
|Last time I checked my statement at Interactive Brokers [20/3] they had the accrual at 8.06731p. But from past divs IB do not apply the FX fix rate set at noon on the Record-Date, rather they continue MTMing it right up until the Pay Date - annoying.
So maybe you're right GSB, just ensure your broker doesn't similarly MTM the FX rate, before going out and spending it ;)|
|Final dividend showing in my account as 7.96337p per share.|
|Sure, the 'special' is underwriting/claims contingency held in case of claims for major losses. Get a major hurricane, oil rig disaster or similar, and first step might be checking LREs underwriting exposure [if any].
So it follows that if there are no such major claims during a reporting year, then they have excess capital on their books which they return to shareholders.|
|There's a useful overview of the capital allocation and return process over the course of the year on slide 18 of the Autumn 2016 investor day presentation. (Http://www.lancashiregroup.com/content/dam/lancashire/corporate/documents/Results%20Reports%20and%20Presentations/Presentations/2016/Investor%20Day%20Presentation%20-%208%20September%202016.pdf.downloadasset.pdf). The slide suggests that the ability to pay a special dividend is dependent in part on performance during hurricane season.|
|Thanks for^, noted.
Meanwhile as I have it open here is the Notice of AGM for 3-May.
|Don't really make anything of it. Going by what has happened previously, no info relating to 2017 dividend payments will be released until Q2 Results currently scheduled for 27 July. Bearing in mind that the core interim & final dividends are fixed at USD 0.05 & UDS 0.10 respectively, the next interesting news re dividends will not be until Q3 Results in Nov, although there may be some gentle indicators contained within Half Year (Q2) results.
|Thanks for the above, so what do you make of this from Stockopedia?:
'Upcoming LRE Events
Wednesday 3rd May, 2017
Lancashire Holdings Ltd Annual Shareholders Meeting
Thursday 4th May, 2017
Q1 2017 Lancashire Holdings Ltd Earnings Release
Thursday 27th July, 2017
Q2 2017 Lancashire Holdings Ltd Earnings Release
|jrp - Think you are getting confused?
The next dividend payable will be the interim dividend (paid in Aug/Sep). This is announced in the Half Year Results which are usually released at the end of July. As per 2016 Interims - HTTP://www.investegate.co.uk/lancashire-hld-ltd--lre-/rns/half-year-report/201607270700113195F/
Then, if payable, the first special dividend (paid Dec) is announced in the Q3 Results which are usually released at the start of Nov. As per Q3 Results 2016 - HTTP://www.investegate.co.uk/lancashire-hld-ltd--lre-/rns/3rd-quarter-results/201611030700091933O/
And then the final dividend - and any second special dividend, if declared - are paid in Mar/Apr. Details of this are announced in the Final Results which are usually released in Feb. As per the most recent Final Results for 2016 - HTTP://www.investegate.co.uk/lancashire-hld-ltd--lre-/rns/final-results/201702160700060160X/
Any dividend information contained within the Q1 Results is usually historical & refers back to the dividend already announced in the Final Results and which, by the time of the Q1 Results, will have already been paid. For example, from last year's Q1 Results :
"During the first quarter of 2016, the Lancashire Board of Directors declared a final dividend in respect of 2015 of $0.10 (£0.07) per common share. The dividends, totalling $19.8 million, were paid on 23 March 2016 to shareholders of record on 26 February 2016.
The Group will continue to review the appropriate level and composition of capital for the Group with the intention of managing capital to enhance risk-adjusted returns on equity."
|So rate applied was circa 1.2563, putting Yahoo and DailyFX closest. I'll look at those first re: the hopefully fatter Xmas div.
ps. When they say 'or approximately £0.0796' I wonder what that means, since they surely know the precise rate and sum.|
On 15 February 2017 a final dividend of $0.10 (or approximately £0.0796) per common share was declared. The dividend will be paid in Pounds Sterling on 22 March 2017 to shareholders of record on 24 February 2017.|
|Lancashire website (Investors>Shareholders>Dividend history) showing £0.0796.|
|Will be just under 8p.The GBP/USD around 12 Noon Feb 24 was 1.2520.|
|I wasn't home, but looking now between 1.24 [Forexlive] and 1.2552 [Yahoo and DailyFX]|
|Hmmm.Would love to buy some again at 530p !!!|
|Macquarie issues a broker note on Lancashire Holdings Ltd - HTTP://www.investegate.co.uk/News/broker-forecast---macquarie-issues-a-broker-note-on-lancashire-holdings-ltd/715037/
Macquarie today reaffirms its underperform investment rating on Lancashire Holdings Ltd (LON:LRE) and raised its price target to 530p (from 489p).|
|Enjoyed reading Speeds article.LRE are very shareholder friendly.After first buying in Jan 2015,I have since trebled my holding which now owes me £4.64 a share,with dividends reinvested.So dividend income for 2016,worked out for me at a 15.4% yield.So personally it is a great core holding.Good to see LRE holding cash for maybe another purchase,or return part of it to shareholders in the payment for the Dec 2016 Special dividend.|
|The 10% figure still almost surprises me, but it reflects the risk you take when so much [hopefully] comes in Special divs.
I wonder to what extent the profit-taking was accentuated by the holiday weekend in the US [Monday=Presidents Day]. If at all. These seem rather nervy times, so profit-taking on a Friday appears par for the course these days.
ps. There were some useful insights given in Maloney's talk/analysis [thx Speeds for linking, I don't think I've seen such a transcript for past meetings and it was interesting]. What struck me is how they're strategically de-risking, and running heavy with cash. Either they find good use for it, or hopefully it'll be returned in due course.|
|Phoenix,ADVFN Financials are now showing a rounded up figure of 73p for the yearly div,s,so you are spot on.Shame about the profit takers yesterday.But would have taken 719,before the results announcement.So up over 5% after results.Happy with all at LRE.Fair play to Minerve taking his profits.Just like to know the company he purchased with the proceeds of LRE.|
|The FX rate for the div will be set at noon on the R/D 24-Feb. On the previous div we watched the FX rate on the R/D to get a feel for the rate that would be applied:
In post 996^ I noted:
'Google suggests these two give live rates:
Might be interesting to compare these channels vs the actual applied. Perhaps give us a decent data source for future big divs...'
and after the rate was eventually published it turned out these two sites were the closest of the several sources we looked at on 14th-Dec [R/D].
Of course it's a small div this time, so no big deal. But just wanted to mention it since after all the talk of trying to divine the rate on the R/D, the best source/s didn't get highlighted.
ps.And since I'm doing numbers this morning ...
The current, running or trailing yield = divs over the past year/current share price
If an estimate is included for the latest div it looks like this:
X/D Aug/16 = 3.807p
X/D Nov/16 = 60.404p
X/D Feb/17 = 8.058p [estimated, 10 cents at 1.241]
Total = 72.269p; Current share price = 719p; = Current Yield of 10.05%|
|Worth a read if/when you have the time...
Lancashire Holdings' (LCSHF) CEO Alex Maloney on Q4 2016 Results: Earnings Call Transcript - HTTP://seekingalpha.com/article/4046798-lancashire-holdings-lcshf-ceo-alex-maloney-q4-2016-results-earnings-call-transcript?part=single|
|Sometimes I find myself digging back on these boards looking for deeper context around results and how the share price reacted. To that end maybe this [Evening Standard, yesterday] might yield some value in future...
'Insurer Lancashire Holdings notched up its best day on the stock market as shares surged on better-than-expected annual results.
The FTSE 250 company managed to blow analyst forecasts out of the water for the final three months of the year despite turbulence in the industry. It made a pre-tax profit in the final quarter of $51 million (£41 million), slightly higher than last year thanks to a strong underwriting performance.
UBS analysts had pencilled in a sharp fall, but admitted the result had come in about $20 million, or 64%, higher than they expected as Lancashire “side-stepped some of the larger losses in the market”. The $150 million annual profit was also about $20 million higher than Peel Hunt predicted.
Chief executive Alex Maloney warned that market conditions would remain “difficult for the foreseeable future”, but this did not put investors off, with the added fillip of a special dividend to keep them interested. [*JRP*>Presumably the one that should be due in Dec-17?]
The shares, which were initially floated on AIM in 2005 before Lancashire upgraded to a full listing, leapt 60p, or 9%, today to 740.5p — their biggest-ever one-day rise.
Lancashire was the mid-cap index’s best performer by some distance and its surge stood out on a day when stocks fell.
|I've sold out. Could go higher but wanted to reinvest in another company today. Record high and no real sign of a re-rate is enough for me. Good luck.|