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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Castelnau Group Limited | CGL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 91.50 | 08:00:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 91.50 | 89.75 | 91.50 | 91.50 | 91.50 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 14/2/2012 11:09 by timtom2 RB - normally options are exercised and re-sold the same day so their is no need for the holder to put his hand in his pocket to pay for them. The sale proceeds pay for the options. Options are not free - they have to be paid for at the exercise price.If you exercise and don't sell the same day you have to find the full excercise price in cash to pay for them. You then end up with stcok in the company, on top of any other stock you may already own, a reduced cash balance & increased exposure to the company that also pays your wages and gives you bonusses. This is not good risk planning - typically. This was a good strategy in dot come days in dot com companies - although extremely risky with hindsight. Nowadays its normall exercise-sell same day with a single notification. Excercise (pay for) and sell a while later is a ringing bell for the top of the stock ie) we now see the perfect time to sell but didn't before. That can indicate a time for other investors to exercise even more caution. What they have done makes perfect sense, reduces risk & gives maximum flexibility. It can also encourage them to do it again - pushing the company forward for the next wad of options money on increased share price Good luck to them. As for your buying/selling - good luck - but don't be so sensitive. |
Posted at 09/12/2011 16:51 by jammy00 that Nov 24 investor presentationseems to have had a positive result |
Posted at 24/11/2010 15:13 by q4z jonwigYour post makes it seem difficult but it's hardly quantum mechanics. They sell insurance and when claims go up the premium rates invariably follow. The money in hand is invested conservatively so on that score if CGL gains or loses, it's a reflection of what the markets as a whole are doing. Unless you have extensive inside knowledge you can't judge the edge one company has over another and even if you could there's no guarantee things won't soon have changed. (Witness the situation where company directors at large have bought or sold at what appears to be the wrong times). It's appreciated that private investors come at the end of the food chain but on balance it seems better to invest than deposit any spare cash one has. It's not difficult also to find investment trusts or other vehicles which have a record of outperforming the average so that's another way to go. |
Posted at 24/11/2010 14:18 by jonwig I'm amazed at some recent posts - today for example. Its business is not too difficult to understand so we know the fundamentals and that CGL offers a very good dividend. I've spent ages trying to get to grips with the Gen Ins market and it's far from simple. And the dividend is predicated on so many factors, not the incidence of cats, the regulators and the much-loved A M Best. If there are big catastrophe losses, investors here will cry "Woe, Woe, Thrice Woe" not realising that these losses are the clue to future rising profits (via higher underwriting rates). Quite honestly: we need to realise that the divi comes at a cost. A big attraction for me is that performance ought to be un-correlated to the wider stockmarket. In other words, the share price will fall if the market falls, but the actual prospects for the company depend on other things. Most of their cash is invested in bonds, which is a factor worth watching. |
Posted at 28/10/2008 21:06 by joan of arc As an aside support the Kill the Spread campaign. It is in all our interests!!See below :- www.killthespread.co October 2008 (2) Dear Supporter, We wrote to you earlier this month with details of the Kill the Spread campaign objectives - since then word has really started to spread! Below are the links to the latest news and articles written about the campaign over the last two months. Were you aware that the London Stock Exchange is facing a High Court claim of anti-competitive behaviour from Plus Markets?? Change we need.....so what's next? Since we last wrote to you, we have been approached by several brokers, wanting to know more about the Campaign and offering their assistance! We were very encouraged by this it's comforting to know we aren't the only ones complaining about the AIM and its Market Maker system. It's killing their business too! We have learned a lot from their perspective on the way the AIM works and have now started discussions on some interesting initiatives including: 1/ Ways of creating an alternative Broker account for AIM shares, which could effectively cross stock between buyers and sellers, bypassing Market Makers and avoiding spreads. 2/ Creating a "ring-fenced" nominee account, offering guarantees to shareholders that their stock will not be loaned in the Market to cover short selling. We think these could be very compelling propositions for Investors and any views or feedback you could give us on this would be very helpful; info@killthespread.c We are also discussing ways forward to achieve the big systemic changes we are looking for with Direct Market Access, and we hope to be able to update you shortly with some very interesting developments. We are finding that there is a willingness to listen to the voice of the Private Investor, but to turn these initiatives into constructive measures, we need to prove we have sufficient numbers behind the Campaign.......... and this is where you come in! Hitting those Numbers! At this crucial stage your support is essential and we are now asking you to make a really big effort on behalf of Kill the Spread..... As a growing grass roots movement, we are now being taken seriously. We want our demands to be implemented as soon as possible and the only way we can ensure this happens is to prove beyond questionable doubt that a significant number of Private Investors are totally dissatisfied with the way the AIM market currently operates and are demanding change. In simple terms - we need to get the numbers up - and fast! 5,000 supporters = ACTION! Our target is to get to up to 5,000 supporters. We're getting there but we need to get there quicker!! We are currently up to just over 1,300 supporters on the Poll - so there is still a way to go. We are getting publicity but we really need the word to spread......So please, make sure you tell as many Investors you know about Kill the Spread. You can spread the word in the many ways: Talk to others Investors about the campaign Post a link to the site on your Blogs Post a link to the site on Bulletin-boards, Tell people in you Share Club/Investor Group Tell Everyone!! Ask people to sign up at the website and get them to complete the on-line poll it won't cost you anything and will only take a few minutes of your time. Help give us a real push and remember if every supporter brings in just 3 new supporters - our numbers will quadruple!! We are now on the brink of making a real difference for all Small Cap Investors - so a big push for more supporters right now is just what we need! Thank you once again for supporting Kill the Spread with your support change really is possible! Kind regards Campaign Coordinator Kill The Spread www.killthespread.co info@killthespread.c Please email us at info@killthespread.c Recent News: The London Stock Exchange is facing a High Court claim of anti-competitive behaviour from Plus Markets Great Article by Tom Bulford another mention from Dominic Frisby (mention is at the end of this article) |
Posted at 04/7/2007 08:51 by tboulton I agree - I don't think it is the floods - the shares I think were going down before that, nor the Bonds. Investing is a strange business!! As I mentioned, I am also looking at BRIT Insurance. Per FT Broker consensus out of 5 where 3 is hold: Catlin 1.85, BRIT 3.36! Investors Chronicle: Last 4 Brokers recommendations since April: Catlin 4 Buys (2 upgrades), BRIT 4 underperform/hold (all downgrades)! Yet BRIT is outperforming Catlin during this period! Looking at the charts, MACD and RSI, Catlin has been in a serious oversold position but the MACD has now turned up and indicates a Buy - but it no guarantee that it may not go down! .. especially as we are not sure of the reasons for the downward trend although it has now turned up. The trading volumes are pretty normal apart from a couple of massive spikes in Mar/Apr which must have been Kelly selling out as an ex-director. I am equally baffled as to why BRIT are going up so strongly versus Catlin, given the Brokers recommendations mentioned above! As I said, investing is a strange business! |
Posted at 03/6/2005 09:15 by mr ashley james Rambutan,I thought these forecasts were pretty impressive:- RNS Number:9681M Catlin Group Limited 1 June 2005 CATLIN GROUP ISSUES QUARTERLY FORECASTS FOR CATLIN SYNDICATE AT LLOYD'S HAMILTON, Bermuda - Catlin Group Limited ('CGL': London Stock Exchange), the international specialist property and casualty insurer and reinsurer, has today issued forecasts relating to the open 2003 and 2004 years of account of the Catlin Syndicate (Syndicate 2003), which is managed by Catlin Underwriting Agencies Limited. The forecasts, which are set out below, are expressed as a percentage of capacity based on figures as at 31 March 2005: Year of Capacity Current Previous Account (#m) Forecast Forecast (%) (%) 2003 #500.0 13.7% - 18.7% 13.7% - 18.7% 2004 #500.0 8.8% - 13.8% No previous forecast The forecast for the 2004 year of account is the first forecast issued for this open year and should be treated as preliminary as a considerable amount of business written in the 2004 year of account remains on risk. Catlin Group Limited provided 100% of the capacity of the Catlin Syndicate for both 2003 and 2004. - ends - For more information contact: Media Relations: James Burcke, Head of Communications, Tel: +44 (0)20 7458 5710 Mobile: +44 (0)7958 767 738 Email: james.burcke@catlin. Investor Relations: William Spurgin, Head of Investor Relations, Tel: +44 (0)20 7458 5726 Mobile: +44 (0)7710 314 365 E-mail: william.spurgin@catl Notes to editors: 1. The Catlin Group, headquartered in Bermuda, is an international specialist property/casualty insurer and reinsurer writing more than 30 classes of business worldwide. Catlin wrote gross premiums of US$1.43 billion and reported record net income of US$154.1 million in 2004. Catlin shares are traded on the London Stock Exchange (ticker symbol: 'CGL'). 2. The Catlin Group operates three underwriting platforms: * The Catlin Syndicate at Lloyd's (Syndicate 2003). The Catlin Syndicate is the eighth largest syndicate at Lloyd's based on 2005 premium capacity of #500 million. It is a recognised leader of numerous classes of specialty insurance and reinsurance. * Catlin Bermuda (Catlin Insurance Company Ltd.). Catlin Bermuda began underwriting in 2002 and writes property treaty and casualty treaty reinsurance and property and casualty insurance for US risks on a surplus lines basis. * Catlin UK (Catlin Insurance Company (UK) Ltd.). Catlin UK specialises in writing commercial property, general liability, professional indemnity, directors' and officers' liability and commercial crime insurance for UK clients. It also writes other classes of business written by the Catlin Syndicate. All three Catlin Group underwriting platforms have been assigned 'A' (Excellent) financial strength ratings by A.M. Best Company. The Catlin Group also operates subsidiaries located in Houston and New Orleans in the US, as well as in the UK, Canada, Germany, Belgium, Singapore, Malaysia and Australia. These subsidiaries allow Catlin to work more closely with local clients and their brokers. 3. The Catlin Group's website can be found at www.catlin.com. This information is provided by RNS The company news service from the London Stock Exchange END MSCABMRTMMIJBBA |
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