Catco Reinsurance Opport... Share Price (CAT)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Catco Reinsurance Opportunities Fund Limited	LSE:CAT	London	Ordinary Share	BMG1961Q2095	ORD USD0.00013716 (DI)

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	0.00	0.00%	0.125	40,484	08:00:00

Bid Price		Offer Price	High Price	Low Price	Open Price
0.12		0.13	0.125	0.125	0.125

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Equity Investment Instruments	4.49	-10.41			49

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
09:46:50	O	22,259	0.12	USD

Catco Reinsurance Opport... (CAT) Latest News

Catco Reinsurance Opport... News

Date	Time	Source	Headline
26/6/2019	14:37	UKREG	CATCo Reinsurance Opps Fund Ltd Net Asset Value(s)
05/6/2019	10:54	UKREG	CATCo Reinsurance Opps Fund Ltd Holding(s) in Company
03/6/2019	13:18	ALNC	CATCo Reinsurance Opportunities Increases 2017 And 2018 Loss Reserves
03/6/2019	08:01	ALNCF	Alliance News Flash Headline
03/6/2019	07:01	UKREG	CATCo Reinsurance Opps Fund Ltd Portfolio Update
28/5/2019	16:00	UKREG	CATCo Reinsurance Opps Fund Ltd Director/PDMR Shareholding
23/5/2019	16:31	UKREG	CATCo Reinsurance Opps Fund Ltd Result of Annual General Meeting
20/5/2019	07:00	UKREG	CATCo Reinsurance Opps Fund Ltd Net Asset Value(s)
13/5/2019	18:09	UKREG	CATCo Reinsurance Opps Fund Ltd Holding(s) in Company
29/4/2019	07:02	UKREG	CATCo Reinsurance Opps Fund Ltd Net Asset Value(s)

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Catco Reinsurance Opport... (CAT) Discussions and Chat

Catco Reinsurance Opport... Forums and Chat

Date	Time	Title	Posts
13/7/2019	15:45	CATCO REINSURANCE OPPORTUNITIES FUND LTD.	267
01/7/2014	12:13	Caterpillar - CAT in USA	5
26/1/2009	15:00	Fancy having a Dig at DISNEY thats really CAT.	57
17/8/2007	23:29	Fat Cattery	1
16/5/2006	08:15	CAT Where from Here	519

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Catco Reinsurance Opport... (CAT) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
2019-07-18 08:46:50	0.12	22,259	2,671.08	O
2019-07-18 08:40:09	0.12	18,225	2,187.00	O

View all Catco Reinsurance Opport... trades in real-time

Catco Reinsurance Opport... (CAT) Top Chat Posts

Date	Subject
18/7/2019 09:20	Catco Reinsurance Opport... Daily Update: Catco Reinsurance Opportunities Fund Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker CAT. The last closing price for Catco Reinsurance Opport... was US$0.13. Catco Reinsurance Opportunities Fund Limited has a 4 week average price of US$0.12 and a 12 week average price of US$0.12. The 1 year high share price is US$0.64 while the 1 year low share price is currently US$0.12. There are currently 391,666,430 shares in issue and the average daily traded volume is 52,560 shares. The market capitalisation of Catco Reinsurance Opportunities Fund Limited is £48,958,303.75. Read Full Thread Reply
07/12/2018 18:36	jonwig: The share price of Markel Corp has fallen today from $1.135 to $1.058. Presumably the speculation is that the parent could be on the hook if the fund is insolvent? @ danieldruff - no bounce, I think. Read Full Thread Follow Reply
15/5/2018 15:01	spectoacc: @jonwig - I did notice CAT declaring how investors had had 75% of their money back already in divis up to now. But the corollary of that is that at the now 50c share price, a buyer of CAT at issue has made all of 25% non-compounded if they sold out now! So actually pretty poor, and even worse if they'd reinvested the divis as scrip. One other thing I noticed - before the latest CAT write-down, they'd said 35% was being reinvested into the new C shares. I'm guessing much of that is now off the table? Read Full Thread Follow Reply
15/5/2018 13:47	jonwig: @ riverman - I think the point is that insurers lay off their excess to re-insurers, and then re-insurers do the same with the likes of CAT! So CAT ultimately protected the companies you mention. In fact, CAT produced excellent returns (dividend, return of capital) over its first seven years (end of 2010). The whole point of the company is to risk single big events against steady outsize returns. However, this has failed because lack of cat events up to 2017 meant that non-specialists (pension funds, hedge funds) thought the returns were a free lunch and bid up the prices of cat-bonds and similar products, thus depressing returns. Actually, holders here had a chance to exit. Look at the share price in Aug-Sept. A cautious investor could have gotten clear by reading the hurricane season newsfeed. FWIW I sold at 112.3c on 20/09 and bought CATC at 102c on 22/12. So I was a bit slow to react, and will be sharper next time. (False sell signals could come, though!) Read Full Thread Follow Reply
22/1/2018 11:42	stonesfan: It is to be hoped that they've taken the opportunity to include all the bad news in that update and the bottom is in for the share price. Considering dipping a toe back in. Read Full Thread Follow Reply
19/3/2016 16:10	jonwig: A month old: Shareholders in the retrocessional reinsurance linked investment focused CATCo Reinsurance Opportunities Fund Ltd. benefited from an 18.1% total-return over the course of 2015, as dividends boosted the 11.58% net return. The 11.58% net return that insurance and reinsurance linked investment manager CATCo returned to shareholders could have been as high as 14%, equaling the 2014 figure, were it not for the UK floods at the end of the year. The provision of dividends and capital return throughout the year make the share price total-return of the fund much higher, which helps to make this type of ILS investment a buy and hold style investment for many shareholders. Http://www.artemis.bm/blog/2016/02/22/markel-catco-fund-shareholders-benefit-from-18-1-2015-total-return/ More up-to-date, explaining why NAV above xd effect in Feb: Reinsurance and retrocession linked investment and fund manager Markel CATCo Investment Management Ltd. has released a portion of side pocket investments set up in December 2015 for potential exposure to the UK floods and U.S. severe convective storms. In an announcement related to the retrocessional reinsurance investment focused listed CATCo Reinsurance Opportunities Fund Ltd. the investment manager said that the amount of collateral it needs to hold against potential losses from these events had shrunk. Http://www.artemis.bm/blog/2016/03/07/markel-catco-ils-fund-reduces-side-pockets-for-uk-floods-us-storms/ Read Full Thread Follow Reply
15/1/2015 07:12	jonwig: Portfolio update includes: FY15 portfolio provides for an indicative net return of 19% 2015 average risk per pillar decreased to 3.3% (2014: 4.1%). Helped by reduced cost of hedging the portfolio This really ought to eliminate the current share price discount to NAV. Read Full Thread Follow Reply
29/9/2014 10:31	jonwig: Given the reinsurance climate, recent strength here is a bit puzzling. Perhaps they intend a dividend of around 12c (as per guidance) and returning another tranche of capital. We get not only the share price increase, but currency translation effects too. Read Full Thread Follow Reply
06/12/2013 21:08	topvest: Seems a rather odd announcement today, given the share price is close to NAV. Lets wait and see what happens. At least 2013 looks a good year. It will be interesting to see what return they have generated. I suspect it's not as much as originally envisaged. Maybe too much capital around. Read Full Thread Follow Reply
29/5/2013 16:53	jonwig: Hurricane Sandy estimate repeated as $18.75m. "The existing retrocessional reinsurance loss reserve provision that is included in the Company's Net Asset Value calculation is based on an insured industry loss of $20 billion. The Board of Directors remains of the opinion that there is no need to amend the existing retrocessional reinsurance loss reserve provision that is currently in place." Presumably that will be the end-Nov 2012 NAV. The share price looks to be matching the likely end-May NAV. Read Full Thread Follow Reply
26/3/2013 20:58	topvest: Everyone to his own. CATCo's share price will depend on whether they can show some NAV growth on top of the dividend. We need NAV growth to $1.20 or so this year, to help the sentiment here. Lonrho is a dog in my view. Held some in the Lonrho Africa days. Read Full Thread Follow Reply

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