Helios Underwriting Share Discussion Threads

[ian davenport] 20/10/2021 10:07

Anyone got any ideas why this has suddenly burst into life - lots more trades than usual, bit of net buying going through by the looks

[gilston] 13/5/2021 20:28

I never received any link to download from Hardman; disappointing.

Did anyone else get linked in ?

[ian davenport] 11/5/2021 21:27

Yes I'd seen that too Gilston - be interesting to hear what they say - wonder if they think they haven't raised enough in that last round if they are going through an investors beauty parade

[gilston] 11/5/2021 16:49

Helios presenting on Hardman & Co webinar at 3pm tomorrow. We might just get a hint of a current trading update ahead of 2020 final results, but I am not holding my breath.

[ian davenport] 11/3/2021 17:32

Haha Gliston, no, Helios will have loads of money to splash , reckon the price of capacity will rise this year on the back of it - I think the annual auction are usually about £50 mill, they are looking to invest over 60.

whilst I assume they will be offering cash, I noted the comment re issuing more shares

"The Company is in addition seeking authority to issue new Ordinary Shares (representing approximately 20% of the post Admission issued share capital of the Company) as consideration for Acquisitions over the next 12 months period, at a price of no lower than a 5% discount to the then 5-day trailing share price and no lower than 95% of the then ANAV (calculated on a per Ordinary Share basis)."

which made me wonder if they thought there might be demand for this.
Ive put in for my rights , I think its positive for the company getting up to scale. Im impressed with Hanbury managing to get a pump in shares magazine just at the perfect time push the share price up 30-40p

[gilston] 11/3/2021 14:40

Helios now has loads of cash available to buy Namecos [p.13 Circular / Acquisition Strategy] not just share swaps.

I.D. are you a seller? You might need to move fast!

[ian davenport] 10/3/2021 11:00

Topvest - i recall you hitting the top on the first surge, well done. Its an interesting strategy trying to hoover up the namecos - I've been involved in lloyds since I was 30 , when I go to meetings 30 years later I'm still one of the babies, although no longer the youngest by at least 10 years as used to happen. I reckon there are a lot of namecos owned by long standing names in their late 70s, 80s, 90s? who might fancy an exit into HUW , im guessing the are going to offer a share swap . As you say the interesting test will be to see if Hanbury rolls his Namecos into HUW. I do feel for the new holders after the shares magazine pump, hope they are ready for the rights issue 3 weeks in!

[topvest] 09/3/2021 20:02

Well this looks fairly transformational for the company it has to be said. At long last they will be within sight of £100m of assets which is the minimum needed really to be a sustainable cost effective proposition.

On reflection, I was quite fortunate to exit at £2. However, I might consider a re-entry on weakness and at/below NAV.

Given the size of the placing at 160p and pro forma existing valuation of 151p+ an uplift, I'm going to assume that investing at 160p or below might be a reasonable option. Lets also hope that they don't buy loads of stuff from the CEO with the proceeds raised as well!

[ian davenport] 08/3/2021 19:22

Interesting fund raising underway - Nigel obviously very convincing on his “hard market” hypothesis. It will be a real test to see how the offer to existing shareholders goes down , especially the recent recruits to our numbers.

[ian davenport] 23/2/2021 10:43

must be over 50 new shareholders by now looking at those buy orders flowing though - any of you reading this? Id be interested to hear what your thinking is on this share. Ive owned this since the original float and toped up over the years , beginning to think up here that it might be time to lighten the load, trouble is I ate paying the MM 5% spread

[ian davenport] 19/2/2021 10:28

Ah thanks Alex, that would explain it - I worry that there are now 40 new investors who might be a bit shocked by the volatility of a small Lloyd's insurer over the next year

[alex1621] 18/2/2021 15:53

Review in Shares Magazine today, recommended buy in their "great ideas" section.

[ian davenport] 18/2/2021 11:59

do that many people follow HUW? interesting there were 4 buys in the opening 30 seconds. All pretty small, but then its hard to get much more than 2-3000 ever traded in this

[gilston] 18/2/2021 11:44

An upward "adjustment" to NAV by the Board perhaps?

[ian davenport] 18/2/2021 11:35

16 successive buys gone through so far - obviously something is out there

[ian davenport] 17/2/2021 21:26

sadly I missed the mistake - what did they post? Company not covering itself in glory, considering the last RNS I could find was about Hanbury's SIPP provider selling 20 shares by mistake.
Having said that , looking at the last 9 months chart is quite cheering!

[topvest] 17/2/2021 20:55

Yes, bit of a blunder - the valuations historically have an erroneous adjustment. To be honest, the valuation in the first place has always been met with scepticism given they were used for a related party transaction. Really, what is needed is positive cash flows to pay dividends. Even more pleased with my exit into Conduit Holdings. Have also doubled up on Beazley. Much better returns on offer!

[gilston] 17/2/2021 17:38

Yesterday`s RNS needs swift clarification. Just what is the adjusted NAV as at 31/12/20?

[gilston] 20/1/2021 17:46

Interesting appointment of Willis. What might this be leading up to?

[ian davenport] 11/1/2021 20:34

well done topvest , I did think at the time you might have timed it rather well. Im hanging on as obviously something afoot - this was held below 100 all the time the rights issue was going through, then suddenly the explosion. Im sure there is a story somewhere!

[topvest] 11/1/2021 19:06

Blimey - timed my small sale fantastically today. Bit of luck for once!

[topvest] 11/1/2021 09:26

Wow - not sure what's going on here, but I've exited at £2. I've become increasingly sceptical on their sub-scale business model of buying companies through the CEO based on a valuation and where the cost base is too high for the size of company. I have switched my holding into Conduit Holdings instead, basically following Aberforth Partners LLP. They don't normally invest in IPO's but the timing & management team looks a juicy prospect, so happy to follow their choice. Will keep this on the watch list, but happy to bag a profit for now on something that hasn't really been a winning investment choice.

[topvest] 08/1/2021 20:49

Insurance cycle is on the up is the reason.

[gilston] 08/1/2021 18:50

NAV last quoted [Sept 2020] at £2.07 per share.

[ian davenport] 08/1/2021 17:25

yep I've heard of good rates so far this year , but this seems a big mark up- suppose you could argue its just undoing an unnaturally low SP