Lancashire Share Discussion Threads

[j2m] 15/10/2024 18:47

Wrong thread!

[buoycat] 10/10/2024 09:27

When we were in New Orleans in January everything closed early because of an approaching storm which was really just a bit of wind and lashing rain.However we did get heavy snow in Alabama. They don't salt the roads, even the interstate in Alabama...

[justiceforthemany] 09/10/2024 13:50

On the contrary, reports now saying may not be as bad as feared.

[bulltradept] 09/10/2024 06:45

£5.75 might be a good entry..

[novision] 08/10/2024 22:03

Seems like Hurricane Milton is a big one. I'm holding off my top-up for now....

[vulgaris] 07/10/2024 19:10

Hurricane Helene has done a lot of damage in the Appalachians





Helene has set off devastating mudslides. Although these are in a bit of the USA that the ruling elites don't give a damn about - hence the limited coverage - it has been costly of lives (200 & counting) and much of the property may be insured.

[buoycat] 07/10/2024 18:24

Seems a good opportunity to top up to me

[louis brandeis] 07/10/2024 17:37

Never understood share sell offs when news of hurricanes presents itself.

YOU ARE IN THE INSURANCE BUSINESS FOR GOODNESS SAKE!

You either have faith in the underwriters or you don't. If you don't why are you a shareholder?

Hurricanes are nothing new and, with warming sea temperatures, they are here to stay. Hell, I'm a hurricane veteran. I've been in three: in the eye of Charlie, nearly the eye of Irma, and on the perimeter of one in the Pacific who I forget the name of.

I've also owned a second home in Florida, just inland off the Gulf Coast in a place called Brooksville. The place essentially had 8ft high glass walls! Still very much insurable as inland the hurricane soon dies off. Those with real issues are those in trailer parks and in demographics where insurance is a pipe-dream luxury.

This is the issue: the risks are now very well understood, and with increasing frequency, are being understood better. Florida especially, and even states north including the Carolinas. Events like these help insurance premium hardening, which given good underwriting, improve shareholder returns. One could argue you should be buying on such news!

Anyway I topped up. My property saw many storms but was generally built to withstand them. The only insurance claim I made was for a lightning surge which blew the AV system along with a few TVs. ;)

[novision] 07/10/2024 15:28

This maybe??

[bulltradept] 07/10/2024 15:20

HSX got hit today as well, not by as much but still.

[wassapper] 07/10/2024 14:52

yes - weird. Why?

[novision] 07/10/2024 14:37

bit of a hit today...

[cwa1] 12/8/2024 11:33

Jefferies raises Lancashire price target to 750 (740) pence - 'buy'

[kirkie001] 08/8/2024 11:47

Somewhat surprised in the divergent price reaction today between here and Beazley - both what appears on first glance to be great results (although I've looked at Beazley's closer than LRE's so far), but BEZ up 11%; LRE down 3%.

Fortunately I'm sized somewhat larger in BEZZ than LRE....

Anyone else attempted to compare and contrast?

[1knocker] 08/8/2024 11:44

Top notch half year results
And the share price is down, and not from any very heady price!
Lancashire has delivered for me over many years. I am fairly full, but may buy a few more on any further price weakness.

[novision] 08/8/2024 10:48

PAT $200m vs $159m +25%

6p interim div, to be paid 13/9/24.

[wassapper] 08/8/2024 10:04

Brilliant - record results! Sell on the news?

[novision] 07/8/2024 22:13

Sharepad’s really good. But costs a bit.
The Q2 interim is usually c4p I think.
Would hope there is a special announced.

[j2m] 07/8/2024 20:09

Thanks for that Novision. How are you finding Sharepad? Enjoyed the special divis so Are we looking at circa 7.00c as an interim?

[novision] 07/8/2024 11:50

Q2 Results due tomorrow (8/8)
On Sharepad yield is shown as 12% - but includes 79p of special divs...

[justiceforthemany] 18/7/2024 11:32

What sort of special dividend are we expecting this year?
100c again?

[csalvage] 02/7/2024 14:06

Must be down due hurricane .