Goshawk Insurance Share Discussion Threads

[theberg] 22/3/2005 02:32

Paddy Fool,

What do you want me to do buy a BRIT Insurance Holdings PLC without Neil Eckhart?

A JR Charman and others without John Charman!

A IC Agnew and others without Ian Agnew?

No thank you!

Respect where it is due Management is everything in equities and I rate the GOS Re/Rosemont Re Bermudan team!

I think Russel Brooke and team are professionals-END!

Berg:)

[theberg] 21/3/2005 23:28

Paddy,

LOL, So you like it then?

72p or 106p by June 6th IMO

Berg(;-)0

PS Russell Brooke wrote both the impressive Goshawk Re book and the evolving Rosemont Re book, IMO and I understand also Warren Buffet's view in equities 70% is Management, Management, Management-END!

PPS Can you select a better recovery play on 52p NTA IMO 57p NAV priced at 44p with a 40% increase in Jan 2005 GWPI at an 18% increase in rates for CAT and X/O/L Covers written?

PPPS You are not a Fool, so you buy Low and Sell High-END 2

PPPPS I have never met an Irish Man or Woman that was a Fool, I just think the Taffs (and half Irish/Welsh) Welsh play Rugby better (;-)0

[knowing] 21/3/2005 23:13

Their client base ?

[paddyfool] 21/3/2005 23:03

Welcome back Ashley! For what its worth the whisper in Bermuda is that the reason the sale didnt go through last time was the issue surrounding syndicate 102 and the fact that the reserves for the outstanding court case on the bond reinsurance were too low. There maybe potentially more than £20 million downside from here on these two issues. Also 2002,2003 and 2004 are still developing and it is more than possible they will worsen potentially materially. 2004 will be known six nine months from now. Whereas 2002 and 2003 with significant amounts of long tail business have a significant while to develop yet. Only a whisper though, nothing here based on fact!
Anyone looking to buy this franchise will want finality (hmmm same word which trouble SVB) on both these issues.

Also ask your self this. Why would a company/investor want to buy Goshawk?

a) For the tax losses? No they've been sold.

b) For their proven underwriting team? No they are writing a new book of short tail business as yet no track record.

c) To get access to the bermudian market? Its very easy to set up in Bermuda, they are begging well capitalised start ups to come along.

d) For their reputation? They dont have one.

e) Because they are buying something at a discount to its true net asset value? Not when you take the views outlined above vis reserves.

f) for their technology? No you can buy a turnkey back office contract very cheaply, after that you are using the likes of RMS and Cat-trader which virtually all the major players now use.

The fool!

[knowing] 21/3/2005 20:43

Let's hope that they fill tomorrow.

[theberg] 21/3/2005 19:07

Pommie,

Gaps:-

44.00p/45.25p
46.75p/47.00p



51.75p/72.00p



87.00p/106.00p

[theberg] 21/3/2005 18:57

At last the Goshawk learns to start to fly!

Berg(;-)0

[smallchange] 21/3/2005 16:45

lol, not watching the indexes at the moment everything I am involved in has something on the horizon drawing attention. I'm having a grreat time in the markets at present. Sitting watching a drinking oooops.

[knowing] 21/3/2005 16:05

Nice and safe in here away from the madding DOW ;-)

[knowing] 21/3/2005 15:13

Need to close that spread down.

[knowing] 21/3/2005 14:37

Note the previous takeover attempt. With Phoenix adding it looks interesting that someone is now going to attempt again.

[knowing] 21/3/2005 13:56

You haven't been reading the thread then ?

[robin van persie] 21/3/2005 13:54

Knowing what takeover?

[knowing] 21/3/2005 13:50

Are we getting closer to the takeover then ?

[robin van persie] 21/3/2005 13:47

44.00p mid price

[knowing] 21/3/2005 13:17

Well who knows. Phoenix aquire for someone. GS and Fidelity add to their stakes and when all are happy bob's your uncle ;-)

[pomp circumstance] 21/3/2005 13:05

Language?

A wellknown high street logo and 5 english dictionary words? is there a problem?

Heb jij een probleem?

[robin van persie] 21/3/2005 13:01

Pomp circumstance language, language!

[shirishg] 21/3/2005 12:58

POST REMOVED BY ADVFN

[pomp circumstance] 21/3/2005 12:57

do you not think they might negotiate faster without he distractions of a tripical island!!