Helios Underwriting Share Discussion Threads

[topvest] 29/5/2013 12:01

Steady progress being made here - further growth in 2013 to look forward to + there is a hint that they are looking at development plans for the group. Needs a transformational deal here, but there is a good platform and base to deliver something so I will keep with this for another year or so and see what happens.

[topvest] 25/5/2013 08:20

Results next week I suspect, so it will be interesting to see what their plans are now that they have a new CEO in place and a bit more traction.

[gilston] 27/3/2013 17:44

Encouraging aggregate market results from Lloyds today for 2012 with 14.8% return on capital.

[topvest] 26/11/2012 08:21

Another deal today and a similar deal last month with more in the pipeline. A tad disappointing that no dividend again, but probably the correct capital allocation decision at this point. The company needs critical mass and so more deals are needed. That having been said, a dividend policy needs to be introduced to attract funds, so it is a bit of a catch 22 situation. Anyway think this company is run by very wise individuals so am hopeful that they will pull this off.

[topvest] 29/9/2012 07:20

Big jump with the results back to NAV - that will help the CEO execute his strategy. Looks like I timed my purchase well.

[topvest] 28/9/2012 07:42

Well I do like these interims. A new CEO taking shares and providing more syndicate capacity. This should be the start of the expansion phase. This is a very interesting proposition in my opinion. Scope for it to grow very substantially if it can buy other namecos and they are very well placed to do so.

[gilston] 30/8/2012 16:14

This is a useful chunk of various Lloyd`s syndicates capacity. Hopefully a dividend next year. I suppose the discount could entice a buyer for the whole lot if the nav. holds up.

[topvest] 29/8/2012 14:12

Thought I would start a thread here after buying a few of these. Hampden have a very impressive team behind them, if you look at the wider Hampden group. I am hoping that they can grow this vehicle after taking a few years to get the business running.
The company is too small at the moment, but the Chairman has indicated that the time is right to grow, so interested to see what happens. On quite a big discount at the moment, but very volatile to any activity. My view is that this model seems to make sense and could return 15 per cent or so over the cycle. Obviously needs to have bigger scale to do this though. Any thoughts from anyone else holding this or watching?