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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Conduit Holdings Limited | CRE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -7.50 | -1.69% | 436.00 | 16:29:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 442.50 | 432.00 | 443.50 | 436.00 | 443.50 |
| Industry Sector |
|---|
| NONLIFE INSURANCE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 31/07/2024 | Interim | GBP | 0.14 | 15/08/2024 | 16/08/2024 | 05/09/2024 |
| 21/02/2024 | Final | GBP | 0.14 | 21/03/2024 | 22/03/2024 | 24/04/2024 |
| 26/07/2023 | Interim | GBP | 0.141521 | 17/08/2023 | 18/08/2023 | 08/09/2023 |
| 22/02/2023 | Final | GBP | 0.15 | 23/03/2023 | 24/03/2023 | 21/04/2023 |
| 27/07/2022 | Interim | GBP | 0.152014 | 18/08/2022 | 19/08/2022 | 09/09/2022 |
| 24/02/2022 | Final | GBP | 0.136399 | 24/03/2022 | 25/03/2022 | 22/04/2022 |
| 28/07/2021 | Interim | GBP | 0.13 | 19/08/2021 | 20/08/2021 | 10/09/2021 |
| Top Posts |
|---|
Posted at 04/10/2024 08:06 by eigthwonder Management are not pump and dump merchants, far from it. But they have sold a business in the past and they are not spring chickens. Plus, this business is cyclical, capital comes and goes, and there are smart players run by entrepreneurial types (including CRE) and there are players run by employees with less skin in the game, and then tend to make less smart decisions. |
Posted at 03/10/2024 17:39 by elbrus55 I was hoping that this would be a stock that would earn me on average 8-10%pa for the next 30 years as it part of my retirement planning. The Bermuda domicile helps me (no IHT).5%pa divi and 3%pa growth would be fine. The target is much higher but it is optomistic - a bonus if they can hit ghatm Disappointed if the objective of the management and other shareholders is only to pump it and dump it to a greater fool who doesn't have any confidence that this management can earn 8 to 10%pa longer term. Kind of wonder what you would plan to do with the cash if it is bought out - look for another company which can provide that return? |
Posted at 24/9/2024 09:36 by 2magpies elbruss55 & eigthwonderI doubt if NE & TC have entered this venture with a 'long-term' view (as they are not 'young-guns' of the sector, as it were). And a pro rata book does have a tail! Fatten up the golden goose, and flog it off, methinks, and then, finally, retire to some enchanted isle (not Bermuda, for sure! Ha ha!) Perhaps CRE is just a thrilling, tax-exempt, career swan song for them both? (btw, chart: could be an inverted IHS, or could breakdown --- interestingly poised) |
Posted at 16/8/2024 08:30 by 2magpies Well, Trevor bought another GBP50k worth ust a few days ago.btw today is the record date for 14p dividend. |
Posted at 31/7/2024 08:27 by 2magpies "elbrus5531 Jul '24 - 08:40 - 76 of 76 0 0 0 Nice results. .................... What will come first - A major cat. loss or a dividend increase?" Or...... an offer for the Company? Will NE make a bumper turn here too, as he did with Climate Exchange?? |
Posted at 31/7/2024 07:40 by elbrus55 Nice results. CR still low at 75 and some economies of scale on expenses. The $20m estimated claim on Baltimore bridge didn't make much of a dent.They've about a $1bn of capital and it is returning 20%pa while things are this good, although most of that profit is being used to fund business growth. Shares are trading almost exactly the same as tangible net assets per share (528p at 30 June)What will come first - A major cat. loss or a dividend increase? |
Posted at 03/7/2024 09:53 by elbrus55 They are well capitalised - better than most.A bad hurricane season will happen every few years, cannot predict when, but they should be able to withstand it OK. The exposure is listed in the annual report and isn't that huge to Florida windstorm. Occasionally they may need to skip a dividend or two.Not sure who would buy them in such circumstances or what that would actually achieve. If there is a once in a millennium Armageddon type event the whole industry will need recapitalising with government support. |
Posted at 02/7/2024 15:27 by 2magpies A VERY active hurricane season forecast for 2024.My view: CRE will sell out (i.e. agree to a takeover)BEFORE the possible tidal wave of claims shoves loss ratios well into three figures (+decimal places). There will be a time-lag: pro rata book. As I say, my view. fwiw |
Posted at 20/5/2024 19:58 by triktrak Revenues at Conduit Holdings (CRE) are strong and rising, leaving the shares looking ‘very attractive’, says Berenberg.Analyst Tryfonas Spyrou retained his ‘buy’ recommendation and increased the target price from 695p to 700p as the Citywire Elite Companies AA-rated reinsurer rose 0.7%, or 3.7p, at 512p this week, adding to the near 10% rise in the shares this year. First-quarter results from the business confirmed ‘gross premiums written grew strongly during the period, up by 28.3% year-on-year to $356.8m’, which was 6.6% ahead of Spyrou’s expectations, thanks to ‘risk-adjusted pricing’. Growth was mainly driven by property and speciality lines of business, where premiums grew. ‘Revenue growth also looks very strong, rising by 35.1% year-on-year as premiums written in prior years continue to earn through, further boosting earnings,’ said Spyrou. ‘Conduit believes that the broader reinsurance landscape remains very attractive, allowing for many opportunities to deploy capital and drive profitable growth.’ He added that the shares ‘remain very attractive… on five times full-year 2025 price/earnings’ hxxps://citywire.com |
Posted at 21/3/2024 11:54 by rolo7 Ex dividend today |
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