Castelnau Share Discussion Threads

[bareknee] 04/7/2024 11:35

Pleasant surprise today. I'm only in here because they bought Dignity, but if they can turn it round then there's money to be made.

Quite a big if that though.

[catabrit] 04/7/2024 10:37

Nice. I still think there is a tonne of upside here so will be buying when I change brokers in Q4.

[cousinit] 04/7/2024 10:26

I managed to in IG.

Had loads of pointless emails with HL though so had to buy in an ISA and not SIPP as I'd wanted.

[catabrit] 04/7/2024 10:17

Really bummed ii would not let me buy this.

[catabrit] 28/9/2023 21:37

There is a tonne of upside here if they execute on Dignity. I’m adding to the watchlist.

[topvest] 11/4/2022 18:56

Looks a bit of a Berkshire Hathaway vehicle this. It's not got off to a great start with Dignity, Hornby and Stanley Gibbons all undergoing turnaround plans, but its an interesting vehicle. It's surprising that its still on a premium though. This may not last.

[hyper al] 11/4/2022 18:17

1 Added 22/03 Faucet Dry

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sikhthetech

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[hyper al] 07/4/2022 08:59

No posts ?

[hyper al] 06/4/2022 11:23

From their website at

"Castelnau Group was formed by Phoenix Asset Management Partners Limited in 2020. The listed structure provides the manager with a permanent capital vehicle with which to make long-term investments and acquisitions of all structures and sizes."

They have some very nice holdings, see

[rock star] 16/11/2021 07:10

Is an investment of just £8000 worth an investment and RNS?

Be wary. Very wary.

[irenekent] 05/3/2018 08:30

Well of all things! AXA to take over XL Group with 33% uplift on the closing price on 2nd March 2018. Glad I hung on to these. Will have to wait until second half of the year for the cash though. Don't suppose there will be a counter offer.

[irenekent] 18/5/2016 17:12

Now changing domicile to Bermuda with new ticker. It'll be shifting to Panama next!

[llados] 18/5/2015 15:53

irenekent - cash received, phew!

[llados] 16/5/2015 19:00

irenekent I am with Selftrade and have been allocated some XL shares, but no cash - yet! I wait.

[irenekent] 15/5/2015 14:50

Has anyone received a cheque yet? I think the deadline for sending them out to certificated holders is today. Also still no news on allocation of XL shares.

[santar] 07/5/2015 15:32

Still nothing from IB (no problem with holding US securities in my a/c)

I contacted them and they responded that their back office is still working-out the conversion. Seems pretty lame.

Edit: I will sell them as the yield on XL too low. Haven't decided on a target price. I note Goldman has just resumed coverage with a target of $39, however I am concerned there may be a significant correction in the US markets.

[enami] 07/5/2015 14:58

Got my XL GROUP PLC Depository Interests allocated today.

I had opted for default in trading account.

The shares that I held in ISA I had opted for maximum cash but I was still allocated a few Depository Interests - 29 for 1000 original GCL shares. Sell target $38+.

[chairman20] 05/5/2015 14:01

Cheque your IB account rules

R U sure they can hold non-UK securities?

what do you intend to do with them anyway?

[santar] 05/5/2015 08:21

Anybody hear anything on allocation? I thought accounts should be credited with new XL shares on 1st May but nothing showing on my IB account.

[irenekent] 28/4/2015 10:29

Last day of dealing. Bye, bye, Catlin - you've served me well and made me a good profit! Thanks

[tomrob] 22/4/2015 10:51

I have until midday on 24th April to make the election for my wife. The max share option comes out slightly ahead on current value and exchange rates but after this morning's market slip and assuming US equity markets follow suit when they open this afternoon an election for full cash would be advantageous.
I'll be electing for full cash anyway since the shares are held in my wife's ISA which cannot hold US equities.

[enami] 21/4/2015 18:56

Interesting I got a corporate action notification today, I did not realise there were 3 options for the takeover.

(Option 1: Receive the Basic Cash and Shares Offer (Default))
Or under the Mix and Match Facility
(Option 2: Elect for Maximum Cash)
(Option 3: Elect for Maximum Shares).

The default Option will apply to all holders who do not make an election by the deadline date (23rd April for my broker).


Elections made by Catlin Shareholders under the Mix and Match Facility will be satisfied only to the extent that other Catlin Shareholders make
off-setting elections. To the extent that elections cannot be satisfied in full, they will be scaled down on a pro rata basis. As a result, Catlin Shareholders who make an election under the Mix and Match Facility will not know the exact number of New XL Shares or the amount of cash they will receive until settlement of the consideration due to them in respect of the Acquisition. New XL shares will be issued as CREST depository interests and will not be tradable online.

[enami] 09/4/2015 10:59

It is ex dividend for the ITB special dividend today.