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CHU Chaucer Hldgs

53.125
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Chaucer Hldgs CHU London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 53.125 01:00:00
Open Price Low Price High Price Close Price Previous Close
53.125
more quote information »

Chaucer Hldgs CHU Dividends History

No dividends issued between 25 Apr 2014 and 25 Apr 2024

Top Dividend Posts

Top Posts
Posted at 27/5/2011 09:03 by carl79
I reinvest my divis automatically. Will my CHU divi, paid today - at some point i guess, not there yet - be reinvested and then against that total i get 53.3p or is there another arrangement? tia

I do not think 0.5% in 2 months is a good return btw...i am used to outperforming that quite consistently...touch wood it continues :-)
Posted at 05/5/2011 14:10 by lord gnome
Interesting debate. I too have a load of BT - worth more than my CHU - and only just back in profit having bought a load at 220+ and then averaged down disastrously.
Some good property REIT stocks to look at. I have a shed load of IFD and would be happy to double up, IRET is also back on the watch list having sold out for a nice capital profit some months ago. ILH is on the short list as well.
I did very nicely on prefs before selling them on as prices recovered and yields dropped. Still quite a few yielding around the 8% level, but the downside is no growth in divi and limited upside in capital appreciation.
Posted at 05/5/2011 13:50 by edmundshaw
6 months to a year back, some really nice divi plays around. Mostly the share prices have risen to bring back the yield. Not that I'm compaining. :)

I bought into BEZ recently, same sector as CHU and decent yield. It is about where I bought it, but ex div. Their exposure to Japan is rather bigger, but they are more than correspondingly bigger than CHU.

Of course, if interested, dyor.
Posted at 04/5/2011 11:02 by carl79
Sorry, I thought that the Divi was being paid for out of the take over? Or do we still get 56p in addition to the 2.7 divi??
Posted at 28/4/2011 17:04 by little beaker
Effortless Cool (post 1846 and thereabouts), what are you on about?

I made my point clearly in one simple sentence that even someone like you could understand. Let me spell it out one more time for you in 6 words:

INCREASED PREMIUMS + SECTOR RE-RATING > 2011 CATASTROPHES

Geddit?

----------------------------------------------------------------

HDU rejected a 1.5 x NTAV bid from BEZ - incorrectly IMO. Now, CHU directors have undersold the company: they should have got a similar multiple to that which HDU refused. It's a better market to that which BRE was acquired last year and also CHU has a niche market position vs BRE; CHU was simply hit by poor investment performance rather than underwriting performance. Still, looks like this deal's going to go the distance.

Other insurance companies rallying; HSX breaking out, hitting new highs, CGL, BEZ, AML, NVA moving to retest highs and at dividend-adjusted highs. Lloyds ILVs still trading at a discount wrt. long term P/NTAV; I still see value in the sector although now diminished somewhat with too much capital still swishing around.

Btw, I don't even own shares in CHU and haven't for a couple of years.
Posted at 26/4/2011 11:50 by carl79
Check the financials tab on advfn and scroll down to the dividend section...simples
Posted at 21/4/2011 08:52 by fatken
@Boros10 and @Effortless Cool - according to the Times today, Pamplona bought in at 44p and is currently sitting on a tidy profit. I agree with the others that a higher bid is unlikely, given the Japanese, NZ and Chilean disasters. If the bid falls, my concern is that near-term dividends will be reduced or even suspended to preserve capitals.

Having sold out my position in Chu, I am actively looking at other Lloyds insurers such as Omega/Novae. Any views?
Posted at 21/4/2011 07:10 by effortless cool
Management has done well in these negotiations and those of you that are bleating about the price are, I believe, simply showing that you don't have a clue about what you are invested in.

Challenge - can any of you present a cogent argument as to why the price should be higher?

Even at this price, Pamplona's stance suggests this is not over yet. They hold/control enough to block compulsory purchase, and are no doubt actively lobbying uncommitted institutions to join their game of hardball.

Possible outcomes:
(a) The Hanover raise their price to bring Pamplona (and any other holdouts) on board;
(b) Someone else comes in with a higher offer;
(c) The Hanover call Pamplona's bluff and either Pamplona accept the offer or The Hanover tolerates a fractious minority shareholder; or
(d) The Hanover withdraw and we are as you were.

The most realistic hope for those wanting more is (a), although with the offer already being at a fairly full price, I find it impossible to imagine any increase exceeding 2p.

The terms of the Hanover offer, I believe, effectively scupper (b). The additional costs involved simply make CHU too expensive.

Regarding (c), I don't see Pamplona conceding and think it unlikely that The Hanover will accept a continuing minority interest (but can't speak with any authority in either respect).

It's very hard to call, but my money would be on (d) at the moment.
Posted at 20/4/2011 18:33 by bestace
Chaucer Holdings Plc (CHU)'s biggest shareholder, Pamplona Capital Management LLP, said it won't accept Hanover Insurance Group Inc. (THG)'s 313 million-pound ($510 million) offer for the Lloyd's of London insurer.

"We believe that the price is inadequate and have no current intention of accepting this offer," spokesman Peter Hewer said by telephone today.
Posted at 24/2/2011 08:59 by terzoalan
Bought here around 43p based on value with the dividend yield in mind. Selling now would be just guessing... no point in my opinion, happy to hold.

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