Castelnau Share Discussion Threads

[ch1ck] 27/8/2010 19:44

Boad

you are right

[boadicea] 27/8/2010 08:28

Today is register record day.
xd was two days ago - Wednesday.

[ch1ck] 27/8/2010 07:44

There has been strong institutional buying over the last few days with buys in bundles of 150,000 shares.


EX Dividend today so we may see the price dip to mid 320's price range. I believe we will see more buying at these levels.

Probably will pick up some more

[tarvold] 26/8/2010 09:42

All insurance companies fall on the back of a fall in equity markets because they invest the premiums received in equities.

[ch1ck] 26/8/2010 08:19

Insurance along with most stocks have taken a beating and have been forced lower by the American market sentiment. Companies with strong growth and dividend streams are worth buying for the recovery which I see occurring in Oct

[ddahj] 26/8/2010 08:08

A good way to profit from Insurance shares could be to sell short now while there are no reported big disasters then buy when the disasters occur. This action would depress the shares at times such as this. What do you think? Is this why insurance company shares are so depressed?

[ch1ck] 25/8/2010 12:48

Topped up with some more @335 having sold some shares that looked over bought

I dont think it will fall but if it does I still have a bit in reserve to pick up some more

[ddahj] 25/8/2010 11:33

Seems incredible value at net assets of 388p. Who would start up an insurance company? This one is valued at 87% of net assets with no value given for a business with T/O of £2bn, $3bn. Perhaps we are due for some big disasters, or premiums are too low. The USA might be a very risky place to do business as BP has found out.

[evox] 24/8/2010 16:16

Agree Ch1ck. Back in at 3.40 with xd tomorrow. Hoping for a replay of earlier this year when I entered at 3.40 and escaped at 3.70 with the div. Thought I'd missed the boat when these reached 3.90 recently but I've learnt to be patient!

[ch1ck] 23/8/2010 21:43

shrewd

My advice is buy on any cut back the share looks like it is trading in a channel the next peak looks to be around 400p

[shrewd_n_sharp] 23/8/2010 12:29

I keep coming back and looking at Catlin. The P/e is nice and low. Dividends is good. Even the price-to-book ratio is nice. On the face of it, as a value and income play it's attractive.

Return on Equity is around 15% but ROCE is 5%. Isn't it that the company has been increasing it's borrowings to pay for the higher profits?

[thelongandtheshortandthetall] 23/8/2010 11:00

good start today.

[ch1ck] 23/8/2010 08:58

time to reverse the trend I am back in

[joesoap3] 06/8/2010 16:52

I have only just started watching this one and am puzzled at how cheap it APPEARS to be even before todays results and increased dividend. Very low p/e and dividend just under 6.5% and increasing - so why is the price so apparently low. Ayone with knowledge of this company know why

[barrygibb] 06/8/2010 14:25

time to enter here imho
bg

[irenekent] 21/7/2010 11:21

Good article in FT today on Stephen Catlin.

[effortless cool] 15/4/2010 21:34

Catlin: $3,715k GWP, 1389 employees
Lancashire: $628k GWP, 101 employees (and a dog)

I just prefer my insurance investments to be something more than some underwriters and a pile of money.

No info on Chaucer. Developments there would all seem to hang off Pamplona's intentions.

[ursus] 13/4/2010 15:24

LRE no real substance - what do you mean? Undercapitalised?? Surely not. And how does an astute insider such as yrself view the recent CHU movement? Just a catching up with other ilv's or is there something more exciting lurking there?

[ursus] 13/4/2010 15:24

LRE no real substance - what do you mean? Undercapitalised?? Surely not. And how does an astute insider such as yrself view the recent CHU movement? Just a catching up with other ilv's or is there something more exciting lurking there?


(questions so interesting that they are worth asking twice - sorry!)

[effortless cool] 13/4/2010 02:24

R&M,

A similar tale. I made a lot mainly on shorting insurers, took out about half, and then blew the rest on spread bets that I knew less about. No complaints, however - I've done very well on conventional equity investment since then.

My current insurance longs are CGL, CHU and BRE. I've considered LRE - the underwriting seems strong - but am put off because there doesn't seem to be any real substance to the company beyond the underwriting.

EC

[randolph and mortimer] 12/4/2010 11:09

Hi EC,

Haven't heard from you since your bear trade here two years' ago. I made poor use of my Alea gains. They are still listed, which is bizarre.


I see Chaucer are in one-way traffic, but I don't like the outfit. LRE are my favourite.

[thelongandtheshortandthetall] 25/2/2010 14:48

thanks ddahj
good of you

[ddahj] 25/2/2010 09:12

No, The Net Assets are given in dollars.
The net value of the share at YE is £3.64 or £4.74 including intangible assets.
See page 19 of:

[thelongandtheshortandthetall] 24/2/2010 18:28

have i got this rigth

mkcap £1.2B
Assets after libilities £3.2b

seems like quite a bargin really