Lancashire Share Discussion Threads

[garycook] 07/5/2016 04:57

Do what the CEO does then !!! Buy more if you can afford too.Noticed Beazley is creeping back up from lows.Non Life insurers have been hammered,so time to pick more for the Dividends

[jrphoenixw2] 06/5/2016 14:57

Maloney the CEO has just picked up another 19k shares.

[jrphoenixw2] 06/5/2016 12:49

'In the results release Lancashire’s management reported “absent a market-changing event, there is no reason to believe pricing will improve in the near term, and it is, therefore, more likely that we’ll return capital than retain it later in the year.”'

Ah, got it. This ^ is the point made, quoted within the wider piece ->

[garycook] 06/5/2016 12:20

Motley Fool

[jrphoenixw2] 06/5/2016 09:24

@GaryC
What's the source of that heart-warming little nugget? I'd be interested to read further to try and get a bit of context.

[altom] 06/5/2016 09:07

I am new in this stock. If there is going to be a special in winter, when is it usually announced ?
Any information vet welcome.

[garycook] 05/5/2016 13:03

'Excess capital could be returned to shareholders earlier than November' Quote the LRE Management,because LRE has plenty of excess capital.

[garycook] 30/4/2016 04:37

I am looking for a Special of around 60p come November. In 2015 I received £1179 in Dividends on a holding of 1102.This year I have already had the 7p Dividend,and there will be a 3p Divi in September,so if the Special is around 60p in Nov.,that will give 70p,and on the current share price of 550 gives a yield of 12.72%

[mikeindevon] 29/4/2016 18:17

Speaking of Dividends ... what's the general feeling about the prospects for a special dividend come the November time?

I'm very much into high-yield shares for retirement reasons and I'm trying to plan the size of my LRE holding as we near that part of the calendar. I read the link to the Citigroup update -- the implication being that there would be room for about a 6% addition to the normal dividend stream over the next year or so.

What do folks who've held and watched this company for longer than I have think of the prospects?

Mike

[mikeindevon] 29/4/2016 18:08

@jrphoenixw2

I'm afraid this is not going to make you feel any better regarding your brokers, IB ... put bluntly they do seem to be trying to take you for a ride.

I'm with iWeb and at the time of the ExDiv held LRE in both an ISA and a non-ISA account. Both accounts credited the dividend on 23 March, from what I remember, late morning. In both accounts the funds were immediately available for trading, and in the case of the non-ISA I immediately transferred the dividend amount to a traditional Santander account. It actually arrived on the 30th (a tad slow I would have thought).

Interestingly when funding the iWeb accounts (the other direction so to speak) the money is instantly available for trading but doesn't leave the Santander account for several days.

The above is pretty typical for iWeb ... on some occassions the dividend actually turns up the day before the calendar date! On very rare occassions it's logged onto iWeb's system but not actually available for trading until the day afterwards. It's not clear why these one-day delays occur, but it is rare and I don't chase them on it.

I know that's probably not the kind of thing you want to hear, but it does give you ammunition to confront IB with as regards other brokers operating methods.

Mike

[garycook] 18/4/2016 13:58

Arrogant I would say.Change broker when it is possible for you to do so.I would go to the top at IntB,and complain,and demand compensation for bad service.Tell them about HL,and TDDI.

[jrphoenixw2] 18/4/2016 13:25

Thanks Gary for that. I suspect IntB sit of the dividend for as long as possible then fob off clients with a 'the cheque is in the post' story. Their general lack of concern, with (IIRC) 12 days late being described as 'a few days', and no indication that the situation will ever improve just rubs salt in...
If I could simply switch broker I would, but due to geographic circumstances it's likely not possible for some time yet. Disappointing for a broker that presents so many industry awards on their homepage suggesting that's the kind of A1 service you might expect from them.

I asked them if the probably chunky div due in Dec is going to similarly screw-up, no reply to that ...

[garycook] 18/4/2016 12:24

Jrp,FYI.TDDI credits dividends before opening around 7am on the day payment is due,before the market even opens,and Hargreaves Lansdown credit around 12/1pm on the payment day !!!

[jrphoenixw2] 18/4/2016 11:56

Just wrapping up the 'tale of woe' re: late div at IntB. I queried why it was paid nearly two weeks late, and they replied as follows:
---
'I have checked for you with our Clearing team.
The UK central depository CREST still pays out dividends via physical check. It is policy of Interactive Brokers to wait till when we have received the checks to credit the dividend amount on clients' accounts.
For this reason you might have to wait a few days before you receive a dividend payment from a UK stock in your account.
We apology not to have a more favorable answer to your question, but this is a policy at IB that applies in the same exact way to all client accounts that receive dividend payments from CREST stocks.'
---

[chickenrun1] 18/4/2016 07:30

Citi Group have a buy note out this morning. They raise their status from hold.

[jrphoenixw2] 07/4/2016 09:20

As I wrote on 29th March re: Interactive Brokers-> 'I queried this with Customer Service, but 2 days later they haven't bothered to reply. The query is marked as 'In prog'. Previously they haven't replied until it's fixed when they reply and say 'It's fixed [no explanation, bye bye]'.
-------------------------------------------

There's been ongoing silence from them on 1) the late payment of the most recent div and 2) the mystery parallel 2nd accrued div item on the statement. Until this morning, when they e-mailed me to say... 'The dividend has been paid on your account.'

QED. No explanation why it's 2 weeks late, and no explanation what the 2nd div accrual was. 'Nothing to see move along please'.

[jrphoenixw2] 02/4/2016 12:23

Re: the processing of the Div at Interactive Brokers.

A/o Friday close. The div due on 23-Mar was credited to the a/c on Friday 1-Apr.
There's still a 2nd open accrual with an incorrect Ex-Date and no Pay Date indicated for almost identical total sum. This latter entry in an error. Silence from IB re: what's going on...

[buywell3] 31/3/2016 16:25

Horrid chart this

[jrphoenixw2] 31/3/2016 15:44

I'd like to see a plot of (Prior 12Mo divs) / (share price), over several years. Over the prior 5 years the share price only dipped this low back briefly at the end of '14.
Shares don't get both beaten down and at the same time remain no-brainer sure-wins. That's my concern.

[11_percent] 31/3/2016 14:51

I can't see it going on like this for ever...

--

Why, it has happened for years.

[garycook] 31/3/2016 02:23

Predicted Full year Dividends around 65p.If LRE pays a Special of 58p in Nov/Dec.Last year LRE paid 63.12p.So now appox.12% Yield at 535,if the Special is paid.But would like to see the share price hover around the £6 plus level.Giving a 10% yield,if the year end Special is to be paid.

[jrphoenixw2] 30/3/2016 20:26

Prior 12 month divs = circa 73.5p / share price 536 = 13.7%

What do people think will give? The price rally, the Dec 'Special' get axed, both, neither?

I can't see it going on like this for ever...

[badtime] 30/3/2016 12:20

Got mine last Wednesday

[jrphoenixw2] 30/3/2016 11:45

Following on from my previous. As per IB on yesterdays statement, several entries which are confusing:

'Dividends [payments]
Date 23/3, Cash dividend @ 0.07160760, Total sum = [x]'

'Change in dividend accruals
Date X/D P/D Rate Sum Code/note
16/3 17/3 '-' 0.07 [y] Posting
23/3 25/2 23/3 0.07 [-z] Reversal [of accrual]

'Open dividend accruals
X/D P/D Rate Amount
17/3 '-' 0.07 [y]

Same div accrued at different rates and different X/Ds; weird. The div appears to have been paid yesterday, but there's is a 2nd accrual for that div still in place. So I have asked them what all the above means, what's actually being paid. Who knows if they'll reply...