Share Name Share Symbol Market Type Share ISIN Share Description
Novae Group LSE:NVA London Ordinary Share GB00B40SF849 ORD 112.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +0.16% 626.50p 626.50p 629.00p 650.00p 621.00p 625.50p 90,916 16:29:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 677.8 23.7 34.3 18.3 403.63

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Date Time Title Posts
27/2/201712:09Novae with Charts & News197.00
08/12/201612:48*** Novae ***2.00
03/3/201117:27Novae group (previously SVB Holdings)135.00
21/12/200615:00anyone watching NVA creep up steadily? Looks very interesting IMO-
22/5/200620:04NOVARA. Stock Rising. Interesting Developments.17.00

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Novae (NVA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-04-26 15:43:18626.154,60528,834.21O
2017-04-26 15:43:06622.473,61322,489.86NT
2017-04-26 15:35:05626.5012,80380,210.80UT
2017-04-26 15:29:54626.5022137.83AT
2017-04-26 15:29:54629.00109685.61AT
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Novae (NVA) Top Chat Posts

Novae Daily Update: Novae Group is listed in the Nonlife Insurance sector of the London Stock Exchange with ticker NVA. The last closing price for Novae was 625.50p.
Novae Group has a 4 week average price of 600p and a 12 week average price of 569.50p.
The 1 year high share price is 858p while the 1 year low share price is currently 569.50p.
There are currently 64,425,640 shares in issue and the average daily traded volume is 69,493 shares. The market capitalisation of Novae Group is £403,626,634.60.
janeann: surprised at the decline in share price especially given todays comment ... The Company's outlook for the full year remains in line with previous guidance; as previously announced the Company will provide an update on Q3 trading on 9th November.
janeann: The share price action always seems surprising on NVA but the complete lack of response to what seems like a decent set of results is quite unbelievable.
tintin82: Catching up on various publications over the weekend and see Shares have a very positive article on M&A focussing on Novae. The sell-off in Lancashire’s (LRE) shares in early December 2015 may have prompted some investors to believe it could be next in line if a predator takes advantage of share price weakness. We don’t share this view, instead believing Novae (NVA) is the most likely of the four Lloyd’s underwriters left on the stock market to receive a bid. Buy at 869.5p.
janeann: well the share price has certainly been moved around a bit today. Nice to see it is finishing near where it started! Trying to force a few sells before the results perhaps?
typo56: janeann, they went ex-return of capital this morning. With the consolidation it effectively means that today you've sold 1/9th of your holding in return for 45p. In theory there will be little effect on the share price due to going ex today because it is about matched by the share value increase due to the consolidation. That's why it's done. It looks like some may have forgotten about the consolidation and sold this morning, thinking the price should have dipped 45p. A buying opportunity!
18bt: It depends on what the share price is on the ex-date. All other things being equal, the share price will be the current market cap - the distribution divided by the smaller number of shares. As the share price is going up, we're better off following the announcement.
janeann: return of capital of 45p /share plus a consolidation from 9 to 8 ordinary shares . this implies I am losing current share price minus 45p for every 9 shares held. can someone explain what clealry I am not undertsanding many thanks
asagi: what a poor reaction to what looked a very solid set of results this morning. profitable on the year with NTAV nearly 50% higher than the current share price. Dividend up 10%. Substantial talk of a capital return. Regards, Asagi (long TND)
18bt: Let's hope this report in the Sun Telegraph is confirmed: Novae set to merge Novae Insurance with Novae Syndicates Lloyd's of London insurer Novae Group is set to carry out a major restructuring that involves a merger of its two main divisions. By Ben Harrington Published: 6:48PM GMT 06 Dec 2009 Novae is expected to announce this morning that it will fold Novae Insurance, which provides cover to small and medium-sized businesses, into Novae Syndicates. Novae Syndicates underwrites through Lloyd's in areas such as property reinsurance, medical malpractice and political risk. The move is designed to free up about £60m of spare capital that is not being actively used by Novae Insurance. According to people familiar with the matter, the cash could be given back to shareholders or be used to for further insurance underwriting purposes. The restructuring process, though, is expected to take at least six months. Novae was formed from the underwriting group known as SVB, which suffered heavy claims after the bursting of the dotcom bubble. However, it was refinanced and reinvigorated under the leadership of Matthew Fosh, who has a strong following in the insurance market despite his background being in fixed income and equity derivatives. Mr Fosh co-founded derivatives broker Seagray Fosh in 1989, which he then sold in 2002 to inter-dealer broker Icap, which is run by the Conservative Party treasurer Michael Spencer. This November, Mr Fosh said Novae is "absolutely determined" to increase Novae's return on equity (ROE). It is hoped the restructuring should improve ROE over the next twelve months. Earlier this year, Novae made a takeover offer for rival Chaucer in attempt to improve its returns on capital. However, the takeover was aborted after both management teams failed to agree on terms. Mr Fosh subsequently set up Novae Re, a reinsurance unit focused on Europe and the Far East that should start underwriting in time for the January 1 renewal season. Indeed, Novae has already hired over ten experienced underwriters for its new resinsurance unit. Sources said that if the latest restructuring move helps boost Novae's share price the company could look at further acquisitions as the management is keen to participate in the consolidation of the sector. Novae, which has a market capitalisation of £202m, declined to comment.
jancarl1: Results 2008 Splendid results I must say. Rock solid in the face of the financial storm. All the more obvious becomes the huge (45%) gap between share price 300p and NAV 434p that does not seem to be deserved any more. Huge dividend increase from 7.5 to 14p is another indicator of current strength. Given the weakening competition, I am tempted to see a bright future, if it was not for the Chaucer thing (see above). All IMHO.
Novae share price data is direct from the London Stock Exchange
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