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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Conduit Holdings Limited | LSE:CRE | London | Ordinary Share | BMG243851091 | COM SHS USD0.01 (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 2.50 | 0.67% | 376.50 | 574,756 | 09:25:38 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 376.00 | 377.00 | 376.50 | 372.00 | 372.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Fire, Marine, Casualty Ins | USD 197.7M | USD 125.6M | USD 0.7616 | 4.92 | 616.76M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 09:33:41 | O | 2,000 | 376.74 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 16/6/2025 | 07:00 | UK RNS | Conduit Holdings Limited Transaction in Own Shares |
| 13/6/2025 | 07:00 | UK RNS | Conduit Holdings Limited Transaction in Own Shares |
| 12/6/2025 | 07:00 | UK RNS | Conduit Holdings Limited Transaction in Own Shares |
| 03/6/2025 | 07:00 | UK RNS | Conduit Holdings Limited Transaction in Own Shares |
| 27/5/2025 | 07:00 | UK RNS | Conduit Holdings Limited Holding(s) in Company |
| 27/5/2025 | 07:00 | UK RNS | Conduit Holdings Limited Transaction in Own Shares |
| 23/5/2025 | 07:00 | UK RNS | Conduit Holdings Limited Transaction in Own Shares |
| 22/5/2025 | 07:00 | UK RNS | Conduit Holdings Limited Transaction in Own Shares |
| 20/5/2025 | 16:53 | UK RNS | Conduit Holdings Limited Transaction in Own Shares |
| 20/5/2025 | 07:00 | UK RNS | Conduit Holdings Limited Transaction in Own Shares |
Conduit (CRE) Share Charts1 Year Conduit Chart |
|
1 Month Conduit Chart |
Intraday Conduit Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/4/2025 | 15:21 | New insurer Conduit to take advantage in a hardening insurance market | 122 |
| 31/10/2021 | 20:58 | RIDING ALONG ON THE CRESTON WAVE | 4,931 |
| 23/11/2012 | 13:57 | Proposal to remove renumeration committee | 13 |
| 06/12/2005 | 11:19 | Creston gets REAL | 1,084 |
| 14/9/2005 | 19:42 | Claude Resources: "Treat mining like a business" | 4 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:33:42 | 376.74 | 2,000 | 7,534.80 | O |
| 08:25:38 | 376.50 | 34 | 128.01 | AT |
| 08:25:38 | 376.50 | 161 | 606.17 | AT |
| 08:20:19 | 376.00 | 1,992 | 7,489.92 | AT |
| 08:20:19 | 376.00 | 1,289 | 4,846.64 | AT |
| Top Posts |
|---|
Posted at 16/7/2025 09:20 by Conduit Daily Update Conduit Holdings Limited is listed in the Fire, Marine, Casualty Ins sector of the London Stock Exchange with ticker CRE. The last closing price for Conduit was 374p.Conduit currently has 164,908,997 shares in issue. The market capitalisation of Conduit is £617,584,194. Conduit has a price to earnings ratio (PE ratio) of 4.92. This morning CRE shares opened at 372p |
Posted at 19/2/2025 08:23 by elbrus55 Basically, the whole reinsurance profit from 2024 went up in smoke with the January wildfires.I estimate current net tangible asset per share at roughly 470p/share, so share price is at a bit of a discount to that.A tough start to 2025. |
Posted at 08/10/2024 09:58 by 2magpies At these levels (sub- £5) it's still a smidgen below IPO price. |
Posted at 04/10/2024 09:06 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 24/9/2024 10:36 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 24/9/2024 10:22 by eigthwonder They're both right in that it reflects what they believe are their strengths; Beazley have been doing cyber long enough that they probably think they know what they are doing, whereas if Conduit think they don't have the expertise on board they aren't going to be involved. But back to my original point, Beazley are more like a B2C business and Conduit a B2B business - with a little less granularity and broader spectrum of risks, and likely more price driven. And pricing is as much driven by the cost and availability of capital as it is customer demand |
Posted at 18/9/2024 09:40 by 2magpies eigthwonderNE and TC have been around for a very, very long time, through multiple market cycles. Yes, their's is a reinsurance portfolio (and pro rata to boot), but it would be surprising if they did not have 'detailed knowledge' of the individual reinsureds. NE has a track record of making money at Benfields and for making mega-bucks from sale of Climate Exchange (where he was CEO, I believe). It would be a big surprise, to me at least, if NE entered this eterprise without a VERY clear eye on an exit strategy. I'll say it again: IPO was @£5. Any exit price would have to be significantly above that for NE to say 'yes'! This, pro rata, reinsurance portfolio, would be a neat, big-ticket, item for bigger, possibly composite, fish to swallow whole, imo. |
Posted at 16/9/2024 16:40 by eigthwonder I’m sure I am about to do the insurance business a disservice with the following, but Beazeley has direct contact with the original insured, so that requires a detailed knowledge of individual customers in order to write the policy - that’s worth a premium. Reinsurance is insuring other insurance companies - it still requires knowledge but is a bit more of a wholesale business IMO, and a bit more price driven, hence fickle, hence worth les of a premium. |
Posted at 05/9/2024 15:21 by 2magpies These were floated at £5Question is: will NE (et al) accept less than £8 as exit price? Just saying. |
Posted at 31/7/2024 08:40 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 20/5/2024 20:58 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 |
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