Lancashire Share Discussion Threads

[speedsgh] 16/2/2017 08:31

MMD - Those dividends are historical. On the assumption that the market is forward-looking, it is not the $0.10 final dividend that is driving the price forwards this morning. Either results are better than forecast or there is some other factor in there that I haven't identified yet. Will be interesting to see what comes out of the conference call.

[mister md] 16/2/2017 08:24

I guess this is the part you like the most, Garycook:

Dividends

The Lancashire Board declared the following dividends during 2016:

-- A final dividend relating to 2015 of $0.10 per common share;
-- An interim dividend of $0.05 per common share; and
-- A special dividend of $0.75 per common share.


I make it $0.9 = 72p approx = 10% yield approx at current shareprice levels...

[11_percent] 16/2/2017 08:23

7% up, and we are ex divi.

[garycook] 16/2/2017 08:10

Must have been better than expected,and the market like it.BEZ was the same.

[this_is_me] 16/2/2017 08:10

Nice jump this morning after the RNS.

[jrphoenixw2] 16/2/2017 08:06

@716 +35.5p at 8.05hrs

+5% in 5 minutes, nice :)

[garycook] 16/2/2017 07:25

Has expected in current market conditions.

[speedsgh] 16/2/2017 07:23

Yes, no second special div alongside the final payment this year.

[jrphoenixw2] 16/2/2017 07:09

'Lancashire announces that its Board of Directors has declared a final dividend for 2016 of $0.10 per common share (approximately (£0.08) per common share at the current exchange rate), which will result in an aggregate payment of approximately $19.8 million. The dividend will be paid in Pounds Sterling on 22 March 2017 (the "Dividend Payment Date") to shareholders of record on 24 February 2017 (the "Record Date") using the £ / $ spot market exchange rate at 12 Noon London time on the Record Date. '
------------------------
Per the results this morning.

[jrphoenixw2] 15/2/2017 17:41

Mebbe they're going to drop a really big div on us, so it's trading off in anticipation of the XD? hehe...

[speedsgh] 15/2/2017 16:57

You'll find out in approximately 14hrs :o)

[billy5] 15/2/2017 16:44

does this mean bad news tomorrow

[billy5] 13/2/2017 13:43

Thanks, speedsgh.

[speedsgh] 13/2/2017 13:17

Final Results are due this Thurs (16/2)...

[billy5] 13/2/2017 12:53

It seems that the Final was announced last year on the 18th February. Do we have any indication as to when info will be forthcoming for 2017?

Thanks.

[cwa1] 24/1/2017 08:18

Lancashire Upgraded to Add at Peel Hunt; PT Raised to 710p

[garycook] 13/1/2017 15:36

Think you could be correct on that Pheonix.

[jrphoenixw2] 13/1/2017 14:44

My current estimates re: the next div:
Results: 20-March
X/D: circa 3-April
P/D: X/D + [just under] 4 weeks

The 'historic' base-line for this div has been US$0.10
In 2014 [20c] and 2015 [50c] they additionally paid a Special div alongside the baseline.
In 2016 this seasonal Special was stopped due to losses, both insurable ones plus something of an exodus of key-staff from the Cathedral insurer they had recently taken over.
But in 2016 I don't recall talk of any material headline losses. Has anyone else? I'm mulling the odds of the Spring Special being reinstated this year.

[garycook] 12/1/2017 11:26

Figure,s should be good then,and profits increased.

[jrphoenixw2] 12/1/2017 08:04

It's going to be interesting seeing to what extent the recent £ weakness vs majority non-£ income boosts the bottom line.

4Q15 @ c. 1.396
4Q16 @ ? 1.226 [a/o this morning]

That FX move alone equates to +13.9% YOY on $ profit translated into the £div

[garycook] 12/1/2017 00:45

Finger,s crossed there are good !!!

[jrphoenixw2] 11/1/2017 18:43

RNS tonight: -
'Lancashire Holdings Limited ("Lancashire" or "the Company") will be announcing
its 2016 fourth quarter results at 7:00am GMT on Thursday 16 February 2017 and
hosting an analyst and investor conference call at 1:00pm GMT / 9:00am EST on
Thursday 16 February 2017.'

[garycook] 10/12/2016 04:13

Novae,Affecting both BEZ,and LRE,with there profit warning,but I believe only a blip.BEZ,and LRE in a different league IMHO.

[phoenixw2] 05/12/2016 10:56

Thanks Speeds I've been waiting for the actual FX rate.
Still rather confused why it took them 2.5 weeks to publish it since it being set on the Record Date [18-Nov]. Perhaps shareholder enquiries reminded them it wasn't declared yet...