Chaucer Hldgs Share Discussion Threads

[tom111] 12/3/2011 12:28

Could be overblown what i read is that the Japanese goverment have there own ins for earth quakes

[iomhere] 11/3/2011 12:43

Total cost £500. Last of the big spenders!

[peterz] 11/3/2011 12:22

Director dealings! RNS

[harleymaxwell] 11/3/2011 10:51

quite! so much for the double bottom!

[lord gnome] 11/3/2011 10:34

That double top doesn't look so 'nice' now. Where's that bid then? Harry Hindsight tells me that I should have sold out at 65p!

[harleymaxwell] 10/3/2011 22:29

ft article today bout Novae having another look....

[blueledge2] 10/3/2011 12:00

Looking to buy again at 55

[harleymaxwell] 09/3/2011 13:10

dreaded double top !! same pattern a few years ago at 120p i recall.

[asagi] 08/3/2011 14:52

Now we have seen the finals perhaps a bid will be forthcoming.

[lord gnome] 08/3/2011 07:52

65p and we keep the dividend? Sounds like a done deal to me. I'd take it with a smile and move on.

[dashton42] 08/3/2011 07:47

From today's City AM (following on from the Telegraph article):

CHAUCER'S share price was barely changed after the company reported a smaller-than-expected profit for 2010. For most investors, last year's results are old news: all anyone cares about is the impending bid.

Chaucer again said it had received a "number of takeover approaches" but was tight-lipped otherwise. But how much would a successful suitor have to pay?

Despite a lower combined ratio – the key measure of profitability for insurance firms – the same fundamentals that made the insurer so attractive to buyers still remain.

Firstly, the diversification of its underwriting exposure is extremely reassuring. In 2011, for example, rate increases of 10 per cent in energy and 14 per cent in UK motoring will offset a reduction of 10 per cent in US?property and a broadly flat picture elsewhere.

Second, its presence in Lloyd's offers a perfect entrance for a private equity or trade buyer. Thirdly, it is strongly capitalised, with economic capital of £435m, including a buffer of £60m.

For that reason, any buyer will likely have to pay a premium to its 2011 net tangible asset value, forecast at 54p by analysts at Shore Capital. A premium of around 20 per cent would likely be justifiable, meaning the magic number is around 65p. With the shares trading at 58.5p at yesterday's close, buyers could still make a tidy profit.

[solarno lopez] 07/3/2011 08:20

yes I suppose it is an interesting question just that its text book stuff and the proverbial fall has occurred .....I am a shareholder so looking forward to the bid if it materialises

[solarno lopez] 07/3/2011 08:14

A nice double top in the charts above

[edmundshaw] 04/3/2011 17:43

I think 61p says "if someone's offering 60p, hey, if you're giving the company away, give it to us! Here's another penny for your trouble...".

Not enough.

[asagi] 04/3/2011 17:17

61p? I've had better offers from the tooth fairy.

I cannot imagine Chaucer would go be taken over for 61p.

Still, it's an improvement on the 57p given in the press at the time the takeover was announced!!!

Asagi (long CHU)

[lord gnome] 04/3/2011 09:59

Bah... only 61p per share? I'd rather keep my shares and collect the dividends every year.

[harleymaxwell] 04/3/2011 09:50

article in tgraph today , Goldman Sachs / TPG join the bid race....

[solarno lopez] 02/3/2011 16:38

I prefer double bottoms

[harleymaxwell] 02/3/2011 16:33

dreaded double top?!

[edmundshaw] 01/3/2011 12:21

Let us know if you find sth you like, E66.

[peterz] 01/3/2011 08:04

Does someone know something re jump in sp?