Lancashire Share Discussion Threads

[woody6] 04/4/2008 11:46

ding dong.

[cockneyrebel] 04/4/2008 07:56

Been a CGT seller in here imo - reckon he'll be done today - some big buys going through.

CR

[cockneyrebel] 02/4/2008 13:46

Decided it was time to byuy these back today - screaming cheap, big director buying - results and analyst call will be very interesting imo.

CR

[miamisteve] 26/3/2008 11:02

Agreed. Just plays on general uncertainty whch isn't helped by the fact that the company has little track record. With Catlin group they admitted having sub-prime exposure and wrote down almost their entire related holdings. I think it was $75m. After that the mkt cap. lost $400m in total. After it's results it's been the top performing stock in the sector.

[lonrho] 25/3/2008 11:43

miami

but they are backed by the us government,so it is highly doubtful they would be allowed to go bust,it would make bear stearns look like a cakewalk.

[miamisteve] 17/3/2008 11:52

Seems the company has $246m exposure to fannie mae's and freddie mac's MBS/ABS

[miamisteve] 12/3/2008 14:29

Purchased a few today.

Does seem that there is a seller in the wings. Noted a 30,000 sell order in yesterdays auction.

Will hold off for further buys as with results recently announced doesn't seem to be a catalyst to rerate the stock in the short term.

Today was a strong day for the markets but LRE couldn't hold on to it's gains.

[owen999] 12/3/2008 13:02

It seems that a few thousand share traded can move the stock, I purchased 4000 this morning and it moved the stock up 5p in less than an hour.It has tailed off now with a few sellers .

[miamisteve] 10/3/2008 10:26

This company has found it's way through my filter. Am heavily invested in other insurers at present. cgl, chu, hwy.

ABN said ........it believes a combination
of falling rates and a management style that seems more suited to alternative
investors will limit its appeal.

-----------------------

Could someone explain what is unusual with management style?

Also gross premiums collapsed 22.5% in Q4. Is there a specific reason behind this and what bearing does it have on '08 outlook?

[jakleeds] 05/3/2008 09:39

Another massive director buy

[woody6] 27/2/2008 09:47

large sale this morning.

[jakleeds] 26/2/2008 11:00

Another director purchase, same guy :-)

Lancashire Holdings Limited ("Lancashire") was advised on 22nd February 2008
that Richard Brindle, Executive Director and Chief Executive Officer of
Lancashire, purchased 48,630 Lancashire common shares of par value US$0.50 each
at an average purchase price of 308p each. The purchases took place on 21st and
22nd February 2008. Richard Brindle now holds 392,745 common shares, time
vesting warrants over 7,625,217 common shares, performance vesting warrants over
2,745,079 common shares(after accounting for performance warrants that have
lapsed); and options over 912,522 common shares awarded pursuant to the
Lancashire Long Term Incentive Plan.

[cambium] 22/2/2008 17:39

Good day Jak, Have a great weekend

[jakleeds] 22/2/2008 17:18

Evening Cambo :-)

[cambium] 22/2/2008 16:03

Lancashire Holdings Ltd said chief executive
Richard Brindle purchased 44,115 shares at an average price of 306.6 pence each,
and now holds 344,115 shares.

[charlie] 13/2/2008 22:47

Always a bit suspicious when results get slid out after hours

I would agree with that where a company unexpectedly issues after hours, but that is not the situation here. Lancashire always issue results after hours, every single quarter. And then the next day, there is always a conference call, where the management answer questions very fully. Which anyone can listen to - see the numbers on the RNS. I have found the corporate governance at this company absolutely A1, exemplary, first class.

I also think the shares look unreasonably cheap at the moment, even in a softening market.

[lonrho] 13/2/2008 20:40

its common knowledge across the insurance sector that rates are softening,brokers forecasts are for lower profits over the next two years,but it is on a current p/e of 3 which is lower than any other insurance share i know of.Still in this market probably down tomorrow.

[kallista] 13/2/2008 20:01

Always a bit suspicious when results get slid out after hours. I suppose being Bermuda based that is their excuse (the RNS said to be released tomorrow).

Looked like a pretty positive set of results to me, though I am by no means an expert in the insurance market. Q4 figures turnover down but profit up.

Several references to a "softening Market"...hmmmm.

On the other hand, a couple of parties engaged in stake building, so limited downside risk.

[lonrho] 13/2/2008 19:36

I thought insurance companies were supposed to trade at a premium to net assets not at an 8% discount which is increasing daily.

[cootuk] 13/2/2008 18:37

Prelims out

"Lancashire Holdings Limited ('Lancashire' or 'the Company') today announces its results for the fourth quarter of 2007 and the twelve month period ended 31
December 2007....."

etc etc etc

"Earnings Call

There will be an investor and analyst conference call on the results at 12:00 UK
time / 07:00 EST on Thursday 14 February 2008. This call will be hosted by
Richard Brindle, Chief Executive Officer, Simon Burton, Deputy Chief Executive
Officer and Neil McConachie, Chief Financial Officer.

The call can be accessed by dialing [phone]/ [phone] with
the passcode 5204778. A replay facility will be available for two weeks until
Wednesday 27 February 2008. The dial in number for the replay facility is +44
(0) 20 7806 1970 / [phone] and the passcode is 5204778#.

A replay facility can also be accessed at www.lancashiregroup.com "

[cootuk] 08/2/2008 12:31

Divi finally paid...

[cootuk] 04/2/2008 19:31

how come some people get their divi from bloody Selftrade and others don't?

[cambium] 01/2/2008 16:19

got mine today

[woody6] 01/2/2008 11:34

buys certainly outweighing sells at the mo.BTW got my divi in TDW account on Tuesday.