Heritage Und. Share Discussion Threads

[cambium] 30/11/2006 16:15

Liars, have a look at CB.

same kinda business

[liarspoker] 30/11/2006 16:14

Level II steady.

3 buys today - no sells.

[what is a login ?] 29/11/2006 09:23

Concerning Richard Ratner. There was a man on CNBC this morning talking about Tesco reducing non-food prices, deflation and a grim outlook for non-food items - except niche and luxury retailers and maybe Marks and Sparks. He knew what he was talikng about. It turned out to be none other than the ubiquitous Richard Ratner!
I think HUA will be all right. Wonder why it's called Heritage?

[tom.muir] 28/11/2006 19:47

except for BPM - up 2p. lol.
I'm still not in btw :-)) Tom

[what is a login ?] 28/11/2006 17:10

Looks like some greedy, jittery individuals couldn't wait to take profits. That's the only explanation I can think of for today's share price fall.

[what is a login ?] 27/11/2006 09:33

One thing I've learnt is that there was a big placing a few days ago at 91p. Over 15 million pounds. The insties like to buy at a premium of about 20 per cent. Nice Christmas bonuses for them when the share price goes up to 110p.

[what is a login ?] 27/11/2006 09:27

Hi Tom! I have a small stake in this company. Fortunately I don't know nuffink about insurance. However, I'm learning. Moreover: Great oaks from little acorns grow.

[tom.muir] 26/11/2006 12:30

Ratner specialises in the retail sector, login, so I doubt it's him.
This is not one for me either but I will be interested in watching progress. Having worked in the sector for over 40 years I have been making a determined effort to forget everything I ever knew about insurance. If I do ever invest in insurance then you know my choice from another thread Liars. Tom :-))

[what is a login ?] 25/11/2006 17:42

I see the Selftrade "analysis" has one broker recommending this as a strong "blue" buy.I wonder whether the broker concerned is the ubiquitous Richard Ratner of Seymour Peirce.

[liarspoker] 24/11/2006 16:58

I'm hoping for 50%+.

Obviously not in a straight line but it'll get there.

It looks like they have set themselves up well for 2007 and they want to give a divi too !!

Ps Welcome onboard login. :O)

[mykai] 24/11/2006 16:55

LS how far do you think this could go!

[liarspoker] 24/11/2006 14:46

Too late for me if it isn't mykai. ;O)

From Shares ( Vol 8 Issue 39 ):

Recent AIM entrant Heritage Underwriting enjoyed an average 28% rise in property-related rates and has increased its underwriting participation in Syndicates 1200 and 3245 from Stg 64 million to Stg 99 million to cash in on the strong environment

[mykai] 24/11/2006 14:35

looks like you found another LS

[liarspoker] 24/11/2006 14:28

That's OK.

May I ask why not Hectorp ( just out of curiousity )?

[hectorp] 24/11/2006 14:15

Not one for me I'm afraid.

[liarspoker] 24/11/2006 11:45

More to come imo.

Look at the director buys in the last few weeks/months - there are plenty.

In other situations like this ( ie placing/ director interest ) I have seen the share price increase 50%+ in no time.

Granted the interims are hard to get through but I have enlisted the aid of someone more knowledgable in order to get through it. Bodes well for 2007.

[liarspoker] 24/11/2006 10:07

Any thoughts on this :

* Service income from managing third party underwriting capacity is #0.9m
(2005 H1:#3.1m), a reduction of 73 percent due to a reduction in profit
commission. This arises from the deficit clause being triggered on the
worldwide property unit's 2006 profit commission earnings as a result of the
2005 loss making year. This loss has now been largely "earned" by the end of
2006.

[liarspoker] 24/11/2006 09:09

A newbie. :O)

[liarspoker] 24/11/2006 09:09

The Business

Heritage is an established, specialist insurer based in London and underwriting
through Lloyd's of London. Its business is focussed on underwriting worldwide
property and non-US liability risks.



The worldwide property unit (Syndicate 1200) concentrates mainly on underwriting
short-tail risks with an emphasis on commercial property. The unit has a
flexible approach to underwriting and can identify and respond to opportunities
in territories and classes of business as they arise.



The non-US liability unit (Syndicate 3245) underwrites non-US professional
indemnity insurance and other liability classes.



Heritage obtains its underwriting capital from a variety of sources and seeks to
maintain a balance between capital managed on behalf of third parties and
investment of its own capital. The flexibility in the sources of capital allows
Heritage to manage its underwriting exposure over the insurance cycle with a
view to maximising profitability. In 2005, Heritage managed total premium
capacity of #208m, of which #51m was funded by the Group.



Heritage earns its income from return on the underwriting capital which is
provided from its own resources, investment income and from commission earned
from the management of third party capital. This commission is largely linked to
profits earned on such capital.