Helios Underwriting Share Discussion Threads

[atholl91] 18/1/2017 09:37

The shares are back to where they were 3 years ago. My confidence in Hanbury running this is wavering.

[gilston] 05/10/2016 17:29

Directors may be hoping to pick up some capacity in the forthcoming auctions.

[topvest] 30/9/2016 21:29

Interims are good and the fundraising is sensible, albeit with more of a discount than you would ideally like. I've bought back in, albeit I will miss the record date for the open offer. Shouldn't have sold out a few years back. Think the strategy is good and this could be a very attractive vehicle once they gather more of a following in the city. Think they are definitely heading in the right direction!

[atholl91] 20/9/2016 14:12

Interims due - should be interesting as Lloyds continue to produce strong results ?

[gilston] 02/6/2016 18:39

Scrip dividend being offered as an alternative to cash, price discount not yet published as far as I know.

[atholl91] 02/6/2016 12:05

Gilston can you explain why the 4 Lloyds Quoted Corporates trade at premiums of between 47-88% of NAV and Helios is at 10% Discount? Do you think giving away 70% by Re-ins cover is the problem?

[topvest] 31/5/2016 21:33

Steady, if unspectacular progress. Share price continues to weaken. They need more capital really to spread the cost base over more assets. Still, an interesting company. Will look to get back in when the price is attractive.

[gilston] 31/5/2016 20:51

Good 2015 final results today with increased capacity, 5p dividend & 70% reinsurance protection. NAV estimated at £1.97.

[gilston] 26/11/2015 17:34

The s.p.has gone up this year from about 1.20p to 2.00p reflecting the increase in net asset value.

What more do you want?

[atholl91] 24/11/2015 08:20

Q3 Estimates for 2013 - current year - released on 19 Nov by Lloyds. They are very good so no excuse for HUW to do the same. After the poor interims lets see.......

[atholl91] 16/10/2015 18:39

Agreed Topvest. Will have a better handle on the year when my Q3 Syndicate estimates are out next month.

[topvest] 25/9/2015 15:20

Not based on these very poor interim results...surprised.

[atholl91] 24/8/2015 13:49

Looks like 30 June estimates could bring EPS for 2015 to 18p (PER 11x) with dividends of 7.5p.

[gilston] 15/7/2015 19:28

More Lloyds`capacity being acquired in exchange for paper shares, so preserving cash.

[gilston] 03/6/2015 17:36

Good results & 5.1p dividend. Scrip issue as an alternative will be a good way of retaining cash for more acquisitions of Namecos.

[atholl91] 17/3/2015 08:04

Syndicate Profit £3.1m against £1.3m last year should be large increase in Dividend on the cards.

[atholl91] 07/3/2015 06:31

2012 syndicates results now out and overall exceed expectations so significant increase in dividend must be on cards?

[gilston] 20/2/2015 17:25

It would be interesting to know the current NAV after all these acquisitions.

[ian davenport] 18/2/2015 16:59

latest RNS even more interesting!

[ian davenport] 18/2/2015 09:19

Hanbury's trade explains yesterdays moves on not much activity - and shows just how illiquid this is - definitely one to buy and hold, not to try and job around

[atholl91] 18/2/2015 08:09

Looks like strong results for 2012 underwriting year starting to come through and 2013 shaping up well. CEO buys at 145 interesting.

[topvest] 23/5/2014 10:36

Solid results and dividend policy initiated. Bit disappointed that I sold these at 110p. Still, why buy at 160p on such a premium. Crazy!

[gilston] 06/1/2014 19:28

HUW now owns £20.2M prime Lloyds capacity on its balance sheet priced off the 2013 autumn auctions. Demand outstripped supply as apparently capacity was perceived to be a non-correlated asset with equities/bonds. Prices therefore rose. So did HUW`s nav. & this has been recognised in the market share price

Reinsurance of half of the 2013 p`folio released cash £4.1m FAL which is being disbursed on buying in more capacity. It also bought some protection against direct claims exposure which is one of the principal benefits of reinsurance.

Just watch HUW`s balance sheet.

[topvest] 06/1/2014 19:01

There is a lot they can do about it. They need to raise funds at a premium to NAV to acquire more corporate members. They need to be many times bigger than they currently are. Only at that point are they truly a business worth backing. They are at the mercy of Lloyds, but that is always going to be the case and on a medium or long term basis this gives a good return.