Castelnau Share Discussion Threads

[enami] 17/12/2014 08:29

++++++++++++++++

Through to new ATH

[enami] 10/12/2014 15:43

588 good enough for me, profit sliced on third of my holding.

[rcturner2] 10/12/2014 11:13

I wonder if money is flowing here as there are so many stocks that people are getting out of.

[mayzerg] 08/12/2014 17:58

Currently up 7.64% with total returns of 8.88% including dividends. Happy with the progress since my purchase 3 months ago.

[enami] 08/12/2014 14:51

Going very well today, passed my target (573.7). Next Fib target 623.8

The highest intraday last December 30 was 591 with highest ever close that day of 586.5. There was an intraday spike to 597 in May 2013 but a bit of an amomaly I think.

12 February 2015 Preliminary results for the year ending 31 December 2014
05 May 2015 Annual General Meeting
06 May 2015 Interim Management Statement

[enami] 21/11/2014 10:01

Deutsche Bank Upgrades to Buy Target Increased from 546.00 to 585.00

The reason for today's big gap up at the open I guess.

[nigelmoat] 21/11/2014 10:00

And more reasons to be cheerful - Deutsche Bank today raises target price from 546p to 585p and upgrades to "buy".

[deadly] 21/11/2014 09:56

Looks like good news:

21 November 2014

CHINA RE RECEIVES FINAL APPROVAL FOR LLOYD'S SYNDICATE FOR 2015

The China Re Syndicate (Syndicate 2088) will be managed by Catlin Underwriting Agencies Limited, a subsidiary of Catlin Group Limited ('CGL'; London Stock Exchange).

[chairman20] 14/11/2014 12:22

All fine

but anyone got any actual analysis of the 3Q statement?
these things need to be read.

[nigelmoat] 14/11/2014 09:49

The dividend yield here is particularly attractive at above 6%. Further there has been nine past years of consecutive dividend increases so reckoning on that continuing as this is a well run Company. All imho/dyor.

[rcturner2] 14/11/2014 08:09

The softening has been known about for a while, but Catlin seems to be doing better than its peers, which is why I think the share price has held up reasonably well.

[chairman20] 13/11/2014 18:18

very careful statement

at 3Q no mention of profit - to be expected

warning about a number of major claim events - underwriting impact
not likely to be known - no suprises flagged.

Business ex London is proving resilient - just as well as there
is miniscule UK growth and investment returns are (as we know) piddling.

Slight worry about the softenning in underwriting premium rates -
indicates that we are entering the less profitable phase of the
underwriting cycle - will need to watch out for that.

[rcturner2] 13/11/2014 13:47

The IMS seems all fine, anyone got any comments?

[chairman20] 05/11/2014 18:20

more search for safe yield??

[enami] 05/11/2014 09:03

This is going really well this week.
Maybe expectations for good results next week?

Thursday 19 November Interim Management Statement

July intraday high 553p within reach.

[sirhedgealot] 30/9/2014 14:28

520 - like giving birth lol

[rcturner2] 24/9/2014 08:49

Bought back in today.

[mayzerg] 12/9/2014 14:22

Congrats grahamg8, I would have echo'd the sentiment given by Jammy00. It's currently my 4th largest holding at 8.60%.

Nick Mackintosh

[grahamg8] 09/9/2014 17:15

Jammy, I finally cracked and bought in today. It was a bit of a toss up with Amlin who have a similar profile but were not doing quite so well at the half year stage. Even with a moderate second half profits should be higher than last year and the dividend just keeps on rising.

[jammy00] 31/8/2014 10:07

grahamg8

The results are based on insurance company accounting
which basically equates changes in the value of the
balance sheet to profit or loss. They did well because
the surprise of the last year was that bond markets did
well even though everyone thinks bonds are overvalued.

On operations - reinsurance - they did much better than the
doomsayers had expected who forecast large losses from
catastrophe's - but brokers are not expecting another
surprise of the same sort twice.

They may be right they may be wrong...

As for growth this depends upon capital - the more they
have capacity and the competition does not the more they
will grow. Assuming they remain as well managed as they
appear to be the company is positioned well.

hope that helps

[grahamg8] 31/8/2014 09:46

Help me out folks. The company seem to be quite bullish on their prospects. But the brokers expect profits to be flat for the next two years at least. Who is right? CGL looks very strong financially with a massive cash reserve so the dividend should be pretty safe, and has been regularly increased each year. So for an income seeker it is a strong contender for some investment. But is there a case to be made growth as well?

[spob] 27/8/2014 08:48

520p 1883m

[deanroberthunt] 25/8/2014 12:59

Excellent divi + low per.....

might start accumulating here for income

[mayzerg] 18/8/2014 19:02

To all who are interested:

[mayzerg] 15/8/2014 08:32

Recently invested and have an article awaiting publication on Catlin Group.

Its one of the cheapest companies to own at the moment out of my bucket list of 71 companies. List is from cheapest to expensive based on multiple valuation metrics.

BP, ULVR, GSK, RDSB, SBRY, BLT, SGC, BSY, CGL, EZJ