Helios Underwriting Share Discussion Threads

[sharesoc] 25/3/2024 14:33

In case you missed our webinar with Helios Underwriting plc #HUW, the recording can be found on our YouTube channel:

[donald pond] 06/3/2024 20:04

I'm hosting the presentation tomorrow so come with questions

[gilston] 05/3/2024 17:14

Let`s hope this Thursday we get a full explanation from Manners as to why share price has fallen recently & on why such a large discount to published nav. Increase in dividend from 6p would be welcome as buybacks seem to have achieved nothing.

[sharesoc] 19/2/2024 21:20

ShareSoc Webinar with Helios Underwriting plc (HUW) 7/3/24 - 11am. Arthur Manners (CFO) will present a full overview of the company and give an update on current performance and future plans. Click here to register:

[sharesoc] 17/10/2023 22:18

ShareSoc Webinar with Helios Underwriting plc (HUW) 7/11/23 4pm. Martin Reith (CEO) will present a full overview of the company and will give an update on current performance and future plans. Register now: [...]

[gilston] 02/2/2022 17:17

An updated NAV is now a must have for shareholders.

[gilston] 15/11/2021 19:37

I.D. see today`s RNS on capacity increase expected by end of the year to £175.8m with a value of £60.2m bases on latest auction prices & consequent uplift in NAV.

[ian davenport] 21/10/2021 17:35

Interesting thought, surely they'll only get capacity at value they pay for it, barring occasional scoops of cheap capacity. Would be surprised if many of the shareholders follow things that closely, unless their name begins with H!

[gilston] 20/10/2021 12:06

Lloyds capacity auctions round one taking place this week. Potential impact on NAV.

[ian davenport] 20/10/2021 11:08

Sorry Gilston, I did watch it, not really anything v exciting as I recall but I've had a difficult summer and last May(?) seems a long time ago

[ian davenport] 20/10/2021 11:07

Anyone got any ideas why this has suddenly burst into life - lots more trades than usual, bit of net buying going through by the looks

[gilston] 13/5/2021 21:28

I never received any link to download from Hardman; disappointing.

Did anyone else get linked in ?

[ian davenport] 11/5/2021 22:27

Yes I'd seen that too Gilston - be interesting to hear what they say - wonder if they think they haven't raised enough in that last round if they are going through an investors beauty parade

[gilston] 11/5/2021 17:49

Helios presenting on Hardman & Co webinar at 3pm tomorrow. We might just get a hint of a current trading update ahead of 2020 final results, but I am not holding my breath.

[ian davenport] 11/3/2021 17:32

Haha Gliston, no, Helios will have loads of money to splash , reckon the price of capacity will rise this year on the back of it - I think the annual auction are usually about £50 mill, they are looking to invest over 60.

whilst I assume they will be offering cash, I noted the comment re issuing more shares

"The Company is in addition seeking authority to issue new Ordinary Shares (representing approximately 20% of the post Admission issued share capital of the Company) as consideration for Acquisitions over the next 12 months period, at a price of no lower than a 5% discount to the then 5-day trailing share price and no lower than 95% of the then ANAV (calculated on a per Ordinary Share basis)."

which made me wonder if they thought there might be demand for this.
Ive put in for my rights , I think its positive for the company getting up to scale. Im impressed with Hanbury managing to get a pump in shares magazine just at the perfect time push the share price up 30-40p

[gilston] 11/3/2021 14:40

Helios now has loads of cash available to buy Namecos [p.13 Circular / Acquisition Strategy] not just share swaps.

I.D. are you a seller? You might need to move fast!

[ian davenport] 10/3/2021 11:00

Topvest - i recall you hitting the top on the first surge, well done. Its an interesting strategy trying to hoover up the namecos - I've been involved in lloyds since I was 30 , when I go to meetings 30 years later I'm still one of the babies, although no longer the youngest by at least 10 years as used to happen. I reckon there are a lot of namecos owned by long standing names in their late 70s, 80s, 90s? who might fancy an exit into HUW , im guessing the are going to offer a share swap . As you say the interesting test will be to see if Hanbury rolls his Namecos into HUW. I do feel for the new holders after the shares magazine pump, hope they are ready for the rights issue 3 weeks in!

[topvest] 09/3/2021 20:02

Well this looks fairly transformational for the company it has to be said. At long last they will be within sight of £100m of assets which is the minimum needed really to be a sustainable cost effective proposition.

On reflection, I was quite fortunate to exit at £2. However, I might consider a re-entry on weakness and at/below NAV.

Given the size of the placing at 160p and pro forma existing valuation of 151p+ an uplift, I'm going to assume that investing at 160p or below might be a reasonable option. Lets also hope that they don't buy loads of stuff from the CEO with the proceeds raised as well!

[ian davenport] 08/3/2021 19:22

Interesting fund raising underway - Nigel obviously very convincing on his “hard market” hypothesis. It will be a real test to see how the offer to existing shareholders goes down , especially the recent recruits to our numbers.

[ian davenport] 23/2/2021 10:43

must be over 50 new shareholders by now looking at those buy orders flowing though - any of you reading this? Id be interested to hear what your thinking is on this share. Ive owned this since the original float and toped up over the years , beginning to think up here that it might be time to lighten the load, trouble is I ate paying the MM 5% spread

[ian davenport] 19/2/2021 10:28

Ah thanks Alex, that would explain it - I worry that there are now 40 new investors who might be a bit shocked by the volatility of a small Lloyd's insurer over the next year

[alex1621] 18/2/2021 15:53

Review in Shares Magazine today, recommended buy in their "great ideas" section.

[ian davenport] 18/2/2021 11:59

do that many people follow HUW? interesting there were 4 buys in the opening 30 seconds. All pretty small, but then its hard to get much more than 2-3000 ever traded in this

[gilston] 18/2/2021 11:44

An upward "adjustment" to NAV by the Board perhaps?

[ian davenport] 18/2/2021 11:35

16 successive buys gone through so far - obviously something is out there