Share Name Share Symbol Market Type Share ISIN Share Description
Lancashire Holdings LSE:LRE London Ordinary Share BMG5361W1047 COM SHS USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50p -0.38% 658.50p 658.00p 659.50p 664.00p 657.00p 662.50p 207,447 16:29:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 447.3 121.8 62.4 11.9 1,313.71

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Date Time Title Posts
18/1/201818:58Now time to buy Lancashire Holdings1,282
23/6/201104:22Lancashire Holdings General Discussion with Charts15
10/12/200711:24lancashire holdings3

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Lancashire Holdings (LRE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-01-18 16:53:48658.502001,317.00O
2018-01-18 16:53:18659.735183,417.39O
2018-01-18 16:53:10659.50100659.50O
2018-01-18 16:52:55660.201,5009,902.99O
2018-01-18 16:52:38659.924,40029,036.66O
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Lancashire Holdings (LRE) Top Chat Posts

Lancashire Holdings Daily Update: Lancashire Holdings is listed in the Nonlife Insurance sector of the London Stock Exchange with ticker LRE. The last closing price for Lancashire Holdings was 661p.
Lancashire Holdings has a 4 week average price of 648.50p and a 12 week average price of 648.50p.
The 1 year high share price is 773.50p while the 1 year low share price is currently 608p.
There are currently 199,500,392 shares in issue and the average daily traded volume is 608,343 shares. The market capitalisation of Lancashire Holdings is £1,313,710,081.32.
jrphoenixw2: Transcript of their analysts call, typos, audio problems and all: Nice to hear their confidence. They reiterate they expect renewal rates/ margins to begin improving from the start of 2018, and in Jun-18 they'll re-assess whether the sufficient profitable opportunity continues, to justify a capital raise to write more cover. I infer if they're capital raising that makes Specials, that come from 'excess capital', unlikely. Perhaps the share price, vs the potential for a Special, is going to be the focus for investors well into 2018.
johnroger: The share price is not performing as though the company was going to cut or omit its special dividend payment. Or could it be that a predator is waiting in the wings if the results disappoint?
rdcdragon: The rumour mill in the city is suggesting Lloyd's maybe on course to make a loss this year. I've sold out of LRE pending a statement or the 3rd quarter results. The risk of cutting the special dividend feels high and I think it would seriously effect the share price in the short term.
jrphoenixw2: That explains it, thanks. [extract] 'Novae said it will be bought at 700.00 pence per share, a premium of around 20% to its closing price of 581.50p on Wednesday. This also represents a premium of around 29% to its volume weighted average closing share price for the month up to July 4, the last business day before the announcement. The acquisition is also a 1.5 multiple of Novae's reported book value of GBP318.8 million as at December 31. Novae's market cap was GBP374.6 million at Wednesday's close. ... A number of acquisitions in recent years has seen other insurers, such as Amlin PLC and Brit PLC, similarly bought by overseas rivals, the newspaper noted. Novae's takeover will leave just three specialist Lloyd's insurers listed on the London Stock Exchange, namely Beazley PLC, Hiscox Ltd and Lancashire Holdings Ltd.' ... LRE sits at the side like a damsel waiting to have her card marked for the last dance. I'm finding it impossible to trim/re-balance my position with this seemingly perpetual 'what if' in the background. Still, I'd rather wait in hope on the benches coining the div than be flayed alive on the floor like Odey with his -4.49% short, bwahaha hTTp://
jrphoenixw2: Thx CWA, can you clarify 'UT'? - And all things being equal, where might one expect it to open on Monday, 685, or 697.5p? I'm all for conservatism, but that's a material difference. - Interesting to note LRE quote 685p as the close px too hxxp://
jrphoenixw2: 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. ----------------------
jrphoenixw2: Woodford picked up another 180k shares on Monday, with the RNS showing his holding as 25.95mm/13% ... And a few minutes later, L+G sold c55k taking them from 4-3%
jrphoenixw2: Hi FP, here's a file-note I had for the previous div :- ---------- 'LRE Results [dated 18/2/16] - Dividends The Lancashire Board declared the following dividends during 2015: -- A final dividend of $0.10 and a special dividend of $0.50 (both relating to 2014); -- An interim dividend of $0.05 per common share; and -- A special dividend of $0.95 per common share. Lancashire today announces that its Board of Directors has declared a final dividend for 2015 of $0.10 per common share (approximately GBP0.07 per common share at the current exchange rate), which will result in an aggregate payment of approximately $19.8 million. The dividend will be paid in Pounds Sterling on 23 March 2016 (the "Dividend Payment Date") to shareholders of record on 26 February 2016 (the "Record Date") using the GBP / $ spot market exchange rate at 12 Noon London time on the Record Date.' ------------ So, the short answer is I hear the results in US$ [as above], and can make an estimated conversion to £. A few days later on the R/D I'll note the £/$ rate at noon, and if I've time refine my noted estimate. This is pretty much precisely the accrual I expect to see on my broker statement. The actual rate is published somewhere. It might come through as an RNS alert in the news-feeds, get advised by my broker, and/or get noted on the LRE/Investors website; right know I don't quite recall. Ironic you ask this, as each time I seem to go around in circles trying to remember where the definitive final real rate is listed... hehe... so I'd be interested if there is a bullet-proof source for this info too, so I can note it down once and for all!
jrphoenixw2: 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.
garycook: Speedsgh,Thanks for the Info.So this year roughly 15% return for LRE Shareholders.So looking at 5 previous years the worst case scenario would be a full year Dividend of 80 USD or 50p a Share giving roughly a 9% return if LRE Share price stays around 560 ?
Lancashire Holdings share price data is direct from the London Stock Exchange
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