Lancashire Share Discussion Threads

[salpara111] 08/5/2015 10:24

Not sure about that....I am a holder and must admit that I am considering using the euphoria of today to get out.
The divi is very attractive but their underlying business environment is still very difficult.

[scottishfield] 08/5/2015 08:10

Should make up some ground now; added.

[farmsted] 06/5/2015 06:33

Barclays must have got there figours wrong as they say 460p target price,

[shauney2] 05/5/2015 15:14

Barclays Capital seem to have gone underweight on all the Lloyds insurers.

A director buy today i see.Initial purchase.

[wllmherk] 05/5/2015 15:02

Any reason for todays sell off ?

wllm

[hooley] 30/4/2015 10:04

Coy overcapitalised at present point in the u/w cycle. More specials to come. Combined ratio only 70% thanks to selectivity of risks undertaken. For this year and probably next LRE likely to remain a cash cow. Novae looks even cheaper in terms of the cf/sp ratio.

[speedsgh] 30/4/2015 08:39

1st Quarter Results -

Would recommend to all that they read all 4 paragraphs of the CEO's summary + not rely on just the headline figures.

Also worth noting in GCFO's summary...
"Price reductions on our January and April renewals were broadly in line with expectations and, absent a market changing event, there is no reason to believe the continued decline in pricing will reverse anytime soon. It is therefore more likely that we'll RETURN CAPITAL RATHER THAN RETAIN IT later in the year, but as always, that will be driven by market outlook. While we don't anticipate any need to raise capital in the current market, I'd like to thank our shareholders for continuing to appreciate our need for flexibility to manage the cycle with their approval, as in former years, at our AGM yesterday of the issue of up to 15% of our share capital on a non-pre-emptive basis."

So very much swings + roundabouts. LRE are in a part of the cycle where they are more likely to return excess capital to shareholders but when the cycle turns, they will look to shareholders for support via placing which would obviously lead to dilution. Unsure as to whether PIs would be invited to take part in any future placing.

[salpara111] 30/4/2015 07:35

Difficult to know what to do here.
Their market is clearly very difficult and shows no real sign of improving BUT unlike most companies operating in adverse trading conditions they are very profitable and provide a seriously attractive income stream.
There is also the risk that they will be taken over as has happened to several of their competitors, having said that I never hold a stock solely on the hope that they will be taken over.
I am ahead here when I include over £1 of income over the last 18 months but struggle to see how they can advance in the foreseeable future.

[wllmherk] 25/4/2015 06:32

these are starting to look tempting along with a few others,

wllm

[scottishfield] 24/4/2015 15:20

Topped up yesterday. Look on the bright side, only one day out.

[cwa1] 17/4/2015 13:05

That prompted me to have a look at IG and I'm pleased to say they have now stumped up. So I guess we may have to call that an honourable draw? Unless, of course, anyone is still waiting at one of the other brokers?

[shauney2] 17/4/2015 12:46

Paid into my ISA account today but i have some in a trading account paid direct to my bank.
No show with the latter so we are neck and neck CWA1.

[robert0taylor] 17/4/2015 08:56

In my account on 15/4. Ty HARGREAVES LANSDOWN

[cwa1] 17/4/2015 08:24

Just checked and IG Index are STILL in the race to be the slowest paying broker....

[badtime] 16/4/2015 17:03

Youinvest credited this morning

[shauney2] 16/4/2015 14:29

Your on CWA1

[cwa1] 16/4/2015 14:24

Race you my IG Index to your Barclays to be last then....

[extrader] 16/4/2015 13:56

Hi ,

iDealing credited yesterday.

ATB

[papy02] 16/4/2015 08:20

Morning CWA1

yes, dividend received at Selftrade (dated yesterday, though I only checked just now)

[cwa1] 16/4/2015 07:47

Morning All

Anyone had their dividend yet? IG Index haven't paid out yet FWIW.

[hooley] 02/4/2015 14:40

First quarter figures to be published 30/3. Based on the excellent numbers for Q4, the statement should be bullish. Worth a punt now the divi is out of thee way?

[speedsgh] 27/3/2015 09:17

"On 11 February 2015 a final dividend of $0.10 and an additional special dividend of $0.50 per common share, a total of $0.60 (£0.4060), was declared. The dividends will be paid in Pounds Sterling on 15 April 2015 to shareholders of record on 20 March 2015."

[eeza] 19/3/2015 12:21

Stirling amount is set according to Exchange Rate @ 1200hrs tomorrow.