Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Helios Underwriting Plc LSE:HUW London Ordinary Share GB00B23XLS45 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 100.00 95.00 105.00 100.00 100.00 100.00 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 47.6 4.3 25.6 3.9 18

Helios Underwriting Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
01/6/2020
21:59
Earnings per share of 25.64p [diluted 24.86p] & profit after tax of £4.043m. Plus the portfolio is 70% re-insured for younger on-risk years.
gilston
29/5/2020
09:16
Nav of 206 but trading at 90! I know there are some losses coming down the pipeline, but I doubt more than10% each year, and a lot of the losses will be covered. Surprised this has only bounced 10 p so far
ian davenport
01/5/2020
17:26
Some more news or updates would be nice.
gilston
10/1/2020
21:46
Hopefully we will soon see a 2020 Capacity Update. No longer sub-scale but for availability of shareholder support, check out the principal shareholders.
gilston
08/6/2019
19:49
Looking at the Annual Report. Steady as she goes is the phrase that springs to mind. Obviously, returns have been poor for the last 2 years, with Lloyds having two loss making years on the trot. HUW is invested in the better syndicates and continues to out-perform. More capital is needed here though to get the fund to £100m. Anyway, happy to hold on and see what the future holds. The Board are certainly not young. Nigel Hanbury is 62 and the Chairman 71. Now is the time to be getting on with it and acquiring more, if they could only issue some shares at a premium. That's the problem I guess.
topvest
10/5/2019
20:50
It's a good time to be buying Lloyds syndicates at the moment in my view. They need to buy some at lower prices now.
topvest
10/5/2019
17:21
Lloyds syndicates forecasting overall losses in 2017 & 2018 so results to be declared in 2020 &2021 will produce losses. Lloyds vehicles for sale are now selling at well below NAV so strategy of buying up vehicles at high prices in the past has failed. Sold out completely now because no confidence in Hanbury. He is a busted flush.
atholl91
15/1/2019
17:46
At £52.6m capacity,this is no longer truly sub-scale. The Board`s strategy for the next 2/3 years would be useful to know. Will they continue to buy in & protect with reinsurance at the cost of ceding premium income? What is their target for capacity, if any? Why are they so vigorously buying back shares on the market; is that only to support NAV?
gilston
15/10/2018
17:20
Do shareholders face another rights issue? Capacity auctions imminent.
gilston
09/6/2018
15:27
Had a look through the Annual Report. Share buy backs and acquisitions planned. Seem to be doing OK, but still sub-scale. They have £3m of cash and a £1m bank loan with potentially another £1m to draw-down. Now is the time to maybe buy more capacity or do share buy-backs, but they only have limited financial firepower to do so. It's going to be a slow-burn here in my view. They need to move faster.
topvest
26/2/2018
20:21
No doubt this year's results will be poor along with a lower dividend. Future probably looks a little better.
topvest
26/2/2018
18:51
The share price when he was appointed CEO in Sept. 2012 was 0.72p. In June 2017 it reached £1.58 with a 5.5p divi. Not much value destruction there before the US cat losses of $136b. hit the market & Lloyds auction prices fell. It`s easy to claim he "overpaid" for acquisitions but what is the evidence to support that? There did not appear to be much quality capacity available for sale much of that time. I`m just curious, I have no personal connection with Hanbury other than Helios.
gilston
26/2/2018
10:49
Gilston, I do not hate Hanbury. His job is to earn a total return for shareholders notwithstanding his own shareholding in Helios. He hasn't done that and should be replaced. I ran a listed company for 20 years earning a total return for my shareholders that exceeded the FTSE indices. I understand the pressure but when you use other people's capital you perform or you go.
atholl91
22/2/2018
08:52
Why do you hate Hanbury so much? What has he ever done to you?
gilston
22/2/2018
08:39
Thankfully sold out. Hanbury has presided over value destruction buying Lloyds vehicles at premiums which are now available at discounts to NAV. This has nothing to do with 2017 hurricanes. He should be removed & replaced with an experienced Insurance professional and quickly.
atholl91
13/10/2017
17:47
Four hurricanes, two earthquakes & now Californian wildfires. Puerto Rico appears to be a total loss. Another month to go for the hurricane season. The global insurance industry can expect some heavy claims.
gilston
03/10/2017
09:39
Yes. Bought a little ahead of current price but never took up rights thankfully.
atholl91
02/10/2017
18:40
Do you own shares here as well?
topvest
02/10/2017
14:26
No - they have on balance the same quality as every Underwriting vehicle. It's no better than mine for instance. Good syndicates are limited. If Hanbury's Strategy is good where are the buyers of Helios shares. Lloyds members would be buying in droves if a Disc of 35% to NAV was a bargain. The Board should be buying in stock and that they're not tells you what the NAV is. Any Investment Trust Manager with this discount would be fired if not narrowing it now.
atholl91
02/10/2017
12:54
I suppose it depends on the quality of the syndicates in each limited liability vehicle. Have they got a better than average mix as they say they have?
topvest
02/10/2017
10:04
Topvest. They are using a valuer who had cornered the market in valuing Lloyds vehicles and as I've noted before the NAV is overstated. If it wasn't why no buyback when Disc -35%. This is the best way to use funds. Lloyds vehicles now at discounts to NAV and being offered every week.
atholl91
29/9/2017
14:45
Yes, agreed rather poor. Due to this really which is all a bit odd given the US$ rate changed last year. No quantification either! Operating costs have increased as a loss on the conversion of the US$ profits to sterling received in the distribution from the 2014 underwriting year was realised. Nevertheless, the outlook is probably better as more bargains to be had with big losses in H2 2017 for all Lloyd's insurers. This vehicle is ideal and should have done a better job raising capital and getting to a critical mass than they have done. Still too small and missed an opportunity to raise more than they did earlier in the year.
topvest
29/9/2017
09:21
Poor interim results. Disc to NAV now 35% which clearly indicates that the market has no confidence in this strategy. They should be buying in shares. I reiterate my view that until Hanbury goes this will continue to underperform.
atholl91
29/8/2017
14:43
He has been buying Lloyds vehicles at high prices and these vehicles have now become available at much lower prices in greater volume than the market has ever seen.Lloyds has had superb results over the past three years, seen bids for quoted insurers with Lloyds interests at good premiums to NAV and this stock has gone nowhere. Need the cobwebs swept away.
atholl91
Chat Pages: 4  3  2  1
ADVFN Advertorial
Your Recent History
LSE
HUW
Helios Und..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200605 20:00:43