Lancashire Share Discussion Threads

[woody6] 04/8/2010 11:01

mopping up about £500k worth of shares a day

[woody6] 10/6/2010 14:31

14 million shares left to buy back. Gives us good support here.

[thorpematt] 08/6/2010 18:04

What are we looking at for PE and yield ratios guys?

Is this stock silly cheap (or is it just me?)

[gargoyle2] 27/4/2010 07:56

Or did I read that wrong...?

[gargoyle2] 26/4/2010 12:50

Going to be bouncing off support pretty soon, I think, then onwards and upwards till the Q1 trading statement, I reckon...

[woody6] 23/3/2010 22:56

really busy here all of a sudden. Nice to see you CR.

[gargoyle2] 23/3/2010 21:14

I agree. Been adding the last few days.

[cockneyrebel] 23/3/2010 11:06

Lovely buy point on the chart here imo.

A run to the Q1 t/s May 5th - new high then?

CR

[woody6] 24/2/2010 22:12

What a nice quiet thread. Good to see this share grow nice and steady. If you don`t like too much excitement this is ideal.

[investinggarden] 14/1/2010 10:00

What Investment Stock Picks: Lancashire set to build on growth

[ursus] 30/12/2009 09:21

must be someone's new year tip!

[woody6] 23/12/2009 21:05

nice little director purchase, over £60k worth

[topvest] 05/11/2009 21:37

Well the US$1.25 special dividend is a nice surprise.

[topvest] 27/10/2009 21:47

Added a few today. This is a quality business. Spotted this a bit late, but better late than never. Still good value at a little over NAV and a very low P/E. Should deliver $10 a share in a year or two in my opinion, from $7.50 at the moment

[alphatrends] 08/10/2009 10:29

All time highs could run to £6 quickly with no resistance and nice uptrend in place

[investinggarden] 29/7/2009 16:32

Quarterly progress at Lancashire

[simon gordon] 24/6/2009 13:47

His company is one of the backers:

Barry Volpert (age 49) Non-Executive Director

Barry Volpert is co-founder, chairman and chief executive officer of Crestview Partners, L.P. a private equity firm. Prior to founding Crestview Partners, he was a partner at Goldman, Sachs & Co., where he was most recently head of the Merchant Banking Division in Europe, co-Chief Operating Officer of the Principal Investment Area worldwide and a Director of Goldman Sachs International. He has a J.D. and M.B.A. from Harvard and received an A.B. from Amherst College. He has served on the boards of many public and private companies, including Oxbow Carbon LLC, FHC Health Systems, Inc, and Key Safety Systems Inc.

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I'm surpirsed they didn't offload more.

[rivaldo] 24/6/2009 11:32

Funny how we've gone in completely opposite directions on this one - I sold as soon after the big director sale yesterday as I could for a small loss.

Good decision so far. Who knows long-term, but it doesn't look like the tracker buying is going to offset general sentiment, especially with large director share sales. Good luck anyway.

[simon gordon] 22/6/2009 19:47

Bought back in at the lows today. Sweet to scalp with no stamp duty.

Oriel have initiated coverage with a 582p target. Reckons LRE have "underperformed the market rally by 25%." "Investment return track record is the best of peer group for 2008 and Q1 2009." Q2 results 29/7.

[rivaldo] 20/6/2009 15:55

Perhaps, but with 6.7m shares to be bought by the trackers I'm hoping this will be a punt for some decent short-term upside with minimal downside. It's working a treat with ALN (on a smaller scale)!

[simon gordon] 19/6/2009 16:26

I thought LRE would move closer to £5.00, could the initial backers be selling out, thus meeting 250 buyers? Any other views?

*I sold yesterday as I did not like the price action.

[sportbilly1976] 19/6/2009 10:54

6.7mln shares to be bought in LRE, based on the reweightings...

[typo56] 12/6/2009 09:25

No. LRE enters the FTSE 250 on Monday 22 June.

[simon gordon] 12/6/2009 09:19

Square,

I saw your post on CR.

Is it correct that LRE join the FTSE 250 on the 18th June?

Bank of America - 11/6/09:

'We reiterate our Buy rating and price objective of 585p on Lancashire, offering 27% upside potential. Lancashire has underperformed the wider insurance market in the recent dash for beta and we believe the valuation remains attractive relative to peers. Lancashire is trading at a discount to its peers at 80% of fully diluted 2010E TNAV (Lloyd's vehicles at 90% of 2010E book value; Bermudian peers at 80% of 2010E book value) and at 4.6x 2010E EPS (Lloyd's vehicles at 5.7x 2010E EPS; Bermudian peers at 6.6x 2010E EPS). The company's imminent entry into FTSE 250 also makes it attractive to us from a technical standpoint. We expect demand to equate to about 14.5 days of average volume.'

How do you see the share price panning out?