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CHU Chaucer Hldgs

53.125
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Chaucer Hldgs LSE:CHU London Ordinary Share GB0000293950 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 53.125 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 53.125 GBX

Chaucer Hldgs (CHU) Latest News

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Chaucer Hldgs (CHU) Discussions and Chat

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Date Time Title Posts
05/7/201119:15Chaucer - Cheap on Fundies1,896
10/3/201012:17Chaucer Holdings plc10
31/7/200620:27chaucer holdings1,059
07/3/200512:31charts-
25/9/200314:06WHO 's BUYING????????23

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Chaucer Hldgs (CHU) Most Recent Trades

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Chaucer Hldgs (CHU) Top Chat Posts

Top Posts
Posted at 21/5/2011 09:04 by nigelmoat
Is the sale now all but a done deal?
I have held a substantial number of these shares for many years enjoying the respectable dividends despite the poor stock vauation. When a few months ago other interested parties started sniffing around Chaucer the market pushed the share price to a more respectable 62p - surely this was more like its value than the now agreed figure! We seem to have finished at a sale price which pays heavily for a couple of recent natural disaters which long term would have had little effect on Chaucers performance and is what insurance is all about!
Posted at 05/5/2011 13:50 by edmundshaw
6 months to a year back, some really nice divi plays around. Mostly the share prices have risen to bring back the yield. Not that I'm compaining. :)

I bought into BEZ recently, same sector as CHU and decent yield. It is about where I bought it, but ex div. Their exposure to Japan is rather bigger, but they are more than correspondingly bigger than CHU.

Of course, if interested, dyor.
Posted at 03/5/2011 21:25 by harleymaxwell
i guess the trade off comes down to a hurricane that could send the share price down to say 40p or less and a really cheap offer ensuing or take a slightly lower price now but with better long term security for the business.,,,
if you are part of the business ie management then you go for the latter....
Posted at 28/4/2011 17:04 by little beaker
Effortless Cool (post 1846 and thereabouts), what are you on about?

I made my point clearly in one simple sentence that even someone like you could understand. Let me spell it out one more time for you in 6 words:

INCREASED PREMIUMS + SECTOR RE-RATING > 2011 CATASTROPHES

Geddit?

----------------------------------------------------------------

HDU rejected a 1.5 x NTAV bid from BEZ - incorrectly IMO. Now, CHU directors have undersold the company: they should have got a similar multiple to that which HDU refused. It's a better market to that which BRE was acquired last year and also CHU has a niche market position vs BRE; CHU was simply hit by poor investment performance rather than underwriting performance. Still, looks like this deal's going to go the distance.

Other insurance companies rallying; HSX breaking out, hitting new highs, CGL, BEZ, AML, NVA moving to retest highs and at dividend-adjusted highs. Lloyds ILVs still trading at a discount wrt. long term P/NTAV; I still see value in the sector although now diminished somewhat with too much capital still swishing around.

Btw, I don't even own shares in CHU and haven't for a couple of years.
Posted at 28/4/2011 14:14 by this_is_me
When I bought (3 lots) at an average price of 50 -51p it was because I thought that all insurance companies were u8ndervalued. ( Yes I have holdings in others) I was expecting that the yield would drop to around 5% giving a share price of around 80p so I am annoyed that the directors have given away the company at the current price. It seems to suit the directors to do so. What salaries and bonuses will they be on after the takeover? What about the influence of Aberdeen asset management on the board. What are they and Mr Aberdeen himself getting out of it? I have been investing so long that i have become cynical about deals like this one.
Posted at 21/4/2011 10:39 by little beaker
London-quoted Lloyds ILV price/NTAV ratios have been rising sharply over the last few months on the back of the various disasters - the promise of increased premiums have trumped the costs of the disasters, along with a revaluation of the sector.

Have you actually bothered to look at the share price movements of peers such as HSX, CGL, AML, NVA, HDU, etc? You, sir, are an idiot.

I agree with Pamplona's stance and expect a higher price.
Posted at 21/4/2011 07:10 by effortless cool
Management has done well in these negotiations and those of you that are bleating about the price are, I believe, simply showing that you don't have a clue about what you are invested in.

Challenge - can any of you present a cogent argument as to why the price should be higher?

Even at this price, Pamplona's stance suggests this is not over yet. They hold/control enough to block compulsory purchase, and are no doubt actively lobbying uncommitted institutions to join their game of hardball.

Possible outcomes:
(a) The Hanover raise their price to bring Pamplona (and any other holdouts) on board;
(b) Someone else comes in with a higher offer;
(c) The Hanover call Pamplona's bluff and either Pamplona accept the offer or The Hanover tolerates a fractious minority shareholder; or
(d) The Hanover withdraw and we are as you were.

The most realistic hope for those wanting more is (a), although with the offer already being at a fairly full price, I find it impossible to imagine any increase exceeding 2p.

The terms of the Hanover offer, I believe, effectively scupper (b). The additional costs involved simply make CHU too expensive.

Regarding (c), I don't see Pamplona conceding and think it unlikely that The Hanover will accept a continuing minority interest (but can't speak with any authority in either respect).

It's very hard to call, but my money would be on (d) at the moment.
Posted at 07/2/2011 15:41 by topinfo
DJ Chaucer Holdings PLC Statement Re Share Price Movement

TIDMCHU

RNS Number : 8129A

Chaucer Holdings PLC

07 February 2011

Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction

Chaucer Holdings PLC

("Chaucer" or the "Company")

Statement Re Share Price Movement

Chaucer Holdings PLC, the specialist Lloyd's insurance group, notes the recent share price movement and confirms that it has recently received a number of approaches regarding a possible offer for the Company.

There is no certainty that these approaches will result in any offer being made for the Company, or as to what terms any such offer may include.

A further announcement on this subject will be made if and when appropriate.

Enquiries

Gavin Kelly/ John O'Malley

Kinmont (Financial Adviser to Chaucer)

T 020 7087 9100

Michiel Bakker

Willis Capital Markets & Advisory (Financial Adviser to Chaucer)

T 020 3124 8123

Justin Griffiths/ Sarah Gestetner

Citigate Dewe Rogerson (PR Adviser to Chaucer)

T 020 7638 9571

E chaucerpr@citigatedr.co.uk

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers ("the Code"), the Company
Posted at 30/6/2009 08:23 by hmkwan
now we know that: no any bid.
the CHU share price play by bid news at this month.
will go up or down? do not sure..
--------------------------------
looking cash follow book, maybe not ok???
many good and low P/E company at market,why hold for this company for long?
Posted at 19/6/2009 07:39 by jdung
newspaper say:BRE offer CHU shares holder 0.23 BRE share= 1 CHU share
so BRE closed price is 176p. CHU share price will 41.5-42p.
but if CHU shareholder rejet this offer,
how about this CHU share price at today's market?
no sure? maybe go downside again..?
Chaucer Hldgs share price data is direct from the London Stock Exchange

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