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Omega Insurance Share Discussion Threads
Showing 501 to 524 of 525 messages
|This bid has really caused some excitement....|
|Woodford has been the tail wagging this dog for too long - one might almost wonder if he has been a shadow director. But who is the genius who invented "derisking" last year - the method whereby loss is guaranteed for years? Step forward to take a joint bow: the Chief Exec and the wonder Chairman, John Coldplay!
Only tiny hope now is that, as Woodford has capitulated at the bottom of the market, we may get someone else interested at last. But their bid has to be at or over 74p to release the commitments made to Canopius.|
|Yes, this is a done deal as looks like Invesco have irrevocably accepted this pretty poor deal. It's been a very poor investment for me and I suspect many others. To be honest, even I am happy it's over as management have been a total basket case here for the last couple of years since Robinson left.|
|Higher at 67p than the indicative offer, but at least all cash. Looks like the end of this long running saga.|
|Big chunk (1.3m) bought/sold yesterday. Wonder if it might be an activist investor picking up a stake, with a view to influencing the upcoming AGM. I note that the voting rights for the AGM will be calculated on shareholdings as of 13th April (tomorrow). Wonder if more big chunks will be traded today.|
|Sounds a more interesting alternative. Robinson had a good record at Omega and would be motivated to return it to success. We all know that Omega can be a success given time. We either succumb to short term cash realisation or let someone get the show back on the road. I would prefer the latter option as there is just no merit in selling below book value!|
|Soap opera moves on -
|None of the major Shareholders probably will agree to 65p. But the market doesn't think so - trading at 61-62p suggests the market thinks 65p is the best offer, and even then, that its not very certain?|
|I don't think recovery is the best option at all. The majority of the larger holders want out and would probably accept an offer closer to NAV. I think the 65p is an opening shot and would expect it to be raised to nearer 70p. I think nearly everyone involved is sick to death of the company and want it to be put out of its misery. Woodford probably falls into that camp now as it is becoming an increasingly embarrassing position for him given his support for the failed Haverford offer.|
|reminds me a bit of the Chaucer saga|
|The intrigue goes on! Director sale on the 21st, and also Norges Bank selling off a big chunk on the 21st... both at probably the 50p mark just before it shot up. Looks like that might have been the overhang I was mentioning.
But with OIH announcing they have an offer on the table, and Insurance Insider running rampant with rumours of Canopius and other bidders, its interesting to see this twist. Presumably the offer couldn't have been made before the 21st, otherwise the Director would not be able to sell?
Cloak and Dagger stuff with OIH, especially since they've taken so long to announce the transactions in an RNS....|
|Game on again?
Canopius re-enters Omega takeover battle
28 March 2012
Lloyd's (re)insurer Canopius has laid down the gauntlet to Omega's other suitors with a fresh all-cash offer, as evidence of renewed life in the M&A process continues to proliferate, The Insurance Insider can reveal.
|Pleasing the see the share tick up quite a bit in early morning trading. But volumes are low, and could be just the after-effects of yesterday's volume. Looks more like a large overhang has been cleared, rather than sustained demand.
But going to wait till lunch to see how volume is like before deciding whether to take some profits or whether it is a news leakage that is worth holding on to the shares.|
|You still think nothings going on?|
|It looks as though the big trades of over 870k at 52p were reported with a delay from when the quote had 52 offer.
These things can be manipulated, and 'buy' or 'sell' is guesswork.|
|3.3 million shares sold
share price up 5.5 %
second time this week
what's going on ?
|The scumbags traded in January and only informed the market now. Still it is positive news and am hopeful we will get a deal done within the next 12 months.|
|Carlson Capital have upped their holding to 15,270,257 shares (6.25%)
Carlson Capital seeks to generate attractive risk-adjusted returns with a bias toward non-directional, relative value investment strategies. We use hedging strategies to isolate valuation discrepancies and create an asymmetric risk-reward profile while minimizing market risk. We manage a diversified portfolio by employing multiple strategies and multiple decision makers.|
|Edison have a flash note today, which adds nothing new and anyway has the dividend information wrong.
The FT has a brief comment which adds that renewed bid interest should support the shares. On the other hand, if today's wider market is any guide, there's no hurry.|
|Yes, thought the results were ok. Promise of a capital restructuring in 2012 means some capital back I suspect. Overall, should do well from this level providing they don't make any more major underwriting mistakes, that is!|
|Didn't think results were that bad personally. I am hoping that we get renewed corporate interest here now that results are out. Either that or we go and offer a huge package to someone who knows what they are doing to transform the business. Renewals look promising. Just have to hope they continue to hold up.|
|With NTA of 76p and better business this year (harder rates) I can only think it's the market view of poor management which has sent this even lower.
Must be galling for Woodford as well, getting rid of the last lot and replacing them with this lot at great expense.|
|Only one word for them
W k rs|
|The usual two finger salute from the Omega board!|