Castelnau Share Discussion Threads

[ddahj] 10/6/2013 08:54

Oklahoma storms and European storms may be effecting Catlin more than others. Also they have said they want to move into more motor insurance in UK, that's why I thought they might be interested in Co-op general insurance.

[dope007] 07/6/2013 15:32

Maybe this had a few leveraged longs chased out ;)

[237gmoney] 07/6/2013 15:30

I don't hold these but do follow and fwiw the only reason for the decline here is general market sentiment and a couple of recent broker notes to say that CGL was over bought. The drop here has certainly been over done.

There has been no large CATs in the first half of 2013 so far and in fact very few large losses (Utah mine, Argentina Refinery Fire, US Tornado's will probably hit the Lloyd's market). Also Superstorm Sandy does not look to be as bad as first thought with some reductions in case reserves. CGL are in a strong position and I wouldn't have any worries if I was a holder.

[al101uk] 07/6/2013 11:22

A nearly 15% decline seems a little bit steep vs general market for that to be the only reason Dope007?

You only have to look at the interim management statement to see there is no fundamental reason for the decline (not public anyway). In fact the lack of catastrophes in the first quarter must surely help.

I tend to agree with hew, but I don't think the two views are mutually exclusive, it's perfectly possible that market weakness pushed us below a major trend line, the technicals and herd instinct did the rest.

I doubled my position a few days ago and will add again on further weakness.

[nitnia] 07/6/2013 11:19

AML and HSX have fallen as well but not by as much.

[hew] 07/6/2013 11:10

Dope, thanks for thought and lets hope. Just done a 5 year comparision of CGL with the FTSE100. Of course, as a single share, CGL is far more volatile generally but the recent CGL fall stands out substantially comp with the FTSE. Bond market losses will have contributed too though. No time to investigate that. (Glad CGL just part of a portfolio!)

[dope007] 07/6/2013 10:55

hew, the fall is with the general market. It is really is as simple as that

[hew] 07/6/2013 10:51

Hmmm.......Nothing I can see in the recent results and statements to account for this sudden share price fall. There is no fall of both comparable size and rapidity over the last four years. Yes, three recent chunky director sales of portions of their option awards but routine and small beer in context.

Sandy losses have been quantified a while ago and I know of no major catastrophes outstanding. So nothing to go on at all. Chart followers may well have sold on principle when 510p was broken as even I can see that represented a major trend line.

So I conclude either something rather substantial but as yet unannounced, or a reaction (temporarily overdone on a chart basis alone) to the long steady rise and now in the context of the investment value falls consequent on the recent bond and equity market drops.

As an income holder, I'm sticking with the latter view and staying in. If other views, do please tell!

[chairman20] 06/6/2013 18:40

Managerial options day

I suspect many of the management have had to
sell in the market all or part of their option
entitlement in order to fund the purchase from
Treasury stock.

best ask the Co Sec for verification if you want
to act on this info...
I am not an insider and do not actually know.

[deadly] 06/6/2013 13:54

big fall on no news,and director buying big now.

[chairman20] 22/5/2013 11:00

totally different business model
to Co-op.

The word "Insurance" does not mean they do the same thing

[ddahj] 22/5/2013 09:29

It would be good if Catlin bought the Co-op Insurance. Any views?

[deadly] 08/4/2013 18:30

Good trading share with no stamp duty. Back in at 505p today on the low as the market went up.

[al101uk] 05/3/2013 23:24

Equivalent to new highs pre ex-div.

[thamestrader] 21/2/2013 08:54

There is no reason a share should go up the day after ex-div, there is nothing magical about this day, it'll just do whatever the market tells it to do, and today is a down day all round.

The value of the div payout has been extracted from the company books for ever. It has to be re-earned.

[8mp] 21/2/2013 08:19

Hi, ex-div date was yesterday and share price dropped accordingly by c20p. Shouldn't it be up today by same amount? Seems to be falling further. Appreciate some insight, thanks in advance!

[deadly] 13/2/2013 10:07

Sorry - wrong date, was relying too much on m-oneyam which has been flaky recently.
Still a nice top up this morning for the dividend next week.

[eeza] 13/2/2013 09:40

XD is 20 Feb (next Wed). Record date is 22 Feb.

[jscowi] 13/2/2013 09:32

I thought it was only the 13th Feb today not 22nd?


RNS Number : 4729X

Catlin Group Limited

08 February 2013

CATLIN GROUP LIMITED

DIVIDEND DETAILS

HAMILTON, Bermuda - The Board of Directors of Catlin Group Limited has declared a final dividend of 20 pence per share in respect of the year ended 31 December 2012, which will be paid on 22 March 2013 to shareholders of record at the close of business on 22 February 2013. When added to the declared interim dividend of 9.5 pence paid on 21 September 2012, this will make a total dividend for the year of 29.5 pence.

[deadly] 13/2/2013 09:28

Considering it went xd for 20p today, it's a good start.

[nb1979] 12/2/2013 21:19

Thanks both for your insight! Appreciated. Fundamentals look quite good. But might wait for some support before potentially buying.

[chairman20] 12/2/2013 16:02

OK understood

sounds like you have got some local knowledge

[iomhere] 12/2/2013 15:51

Chairman
I was meaning to say two separate things. Firstly there's no stamp duty payable so, for example, a trader who sold part of his holding a couple of weeks ago at around 520p might well find its worth buying back today at around 505p. (I didn't have day traders in mind).
Then someone who wants income buys and holds with a 5-6% return and the expectation that dividends will increase year by year.

[chairman20] 12/2/2013 14:35

no share goes up forever

If its income you are after you certainly dont try and trade this

fact is stock in such short supply I have no idea how anybody not
a market maker could run a trading strategy with this.

[iomhere] 12/2/2013 12:39

NB1979
I think it's a traders' share. Compared to say HSX it looks a bargain on account of its far better yield, which is especially useful with the poor interest rates we have now.