Share Name Share Symbol Market Type Share ISIN Share Description
Lancashire Holdings LSE:LRE London Ordinary Share BMG5361W1047 COM SHS USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -8.00p -1.39% 567.50p 569.00p 570.50p 583.00p 566.00p 576.50p 968,834 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 354.5 -54.0 -26.7 - 1,142.62

Lancashire Holdings Share Discussion Threads

Showing 1351 to 1373 of 1375 messages
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DateSubjectAuthorDiscuss
30/5/2018
18:07
Setanta picked up an additional 2 million odd shares, declared position 11.15%>12.16% i.e now +24.5million/201million in issue. RNS was post-close, 5.12pm. Maybe some +ve reaction tomorrow?
jrphoenixw2
29/5/2018
19:09
hTTps://seekingalpha.com/article/4177812-weaker-expected-pricing-spoiled-lancashires-2018-story?dr=1 A viewpoint/outlook from SeekingAlpha today.
jrphoenixw2
08/5/2018
07:16
JRP,Good read.
garycook
08/5/2018
06:46
Lancashire Holdings' (LCSHF) CEO Alex Maloney on Q1 2018 Results - Earnings Call Transcript [of the meeting on 3-May] hTTps://seekingalpha.com/article/4170867-lancashire-holdings-lcshf-ceo-alex-maloney-q1-2018-results-earnings-call-transcript
jrphoenixw2
04/5/2018
10:29
dd. 3-May, Extract: 'Earlier this year, shares in Lloyd’s of London insurer Lancashire Holdings (LSE: LRE) slumped after the company announced its first underwriting loss since its IPO, thanks to the string of hurricanes that whipped the east coast of the United States throughout the second half of 2017. While this was disappointing, the fallout from these catastrophes has allowed insurers to increase rates charged to customers for the first time in several years. As Lancashire’s first quarter results show, the company is taking full advantage of the favourable environment to make up for last year’s issues. Profits rising Today the insurance group reported that pre-tax profits for the first quarter of 2018 nearly doubled to $42.4m on gross insurance premiums of $216m. Higher rates charged to customers as well as a benign loss environment help boost profits. The company’s combined ratio — a measure of underwriting profitability — improved to 65.2% from 85.6% (a ratio of less than 100% indicates a profit). Based on these figures, I’m expecting the company to announce a bumper dividend payout towards the end of the year. Lancashire has a history of paying out almost all of its profit to shareholders via special dividends. Unfortunately, last year due to catastrophe losses, the group decided not to issue a special payout as it needed the cash to meet claims. But with profits rising, it’s more than likely that the group will reinstate its distribution policy towards the end of the year. City analysts have pencilled in a special distribution of approximately 30p per share, giving a dividend yield for the full year of 5.6%. However, if profits continue at the current rate for the rest of the year, according to my figures, Lancashire is on track to earn a net income of $170m for 2018, similar to the level recorded for 2015 and 2016. In both of these years, the company paid out a special dividend of 60p. With this being the case, I believe the City’s 30p estimate is far too conservative. A special payout of 60p per share would leave the stock yielding 9.6%.' hTTps://uk.finance.yahoo.com/news/one-8-dividend-stock-one-104037600.html
jrphoenixw2
03/5/2018
20:55
It opened guns blazing, high of c648 @ 8.10am, but hit a wall of selling. Close at 604p. LSE have the volume at 2.739M which is high.
jrphoenixw2
03/5/2018
08:32
Well, market reacts in rational manner shocker. Who'd've thought it....
cwa1
03/5/2018
07:57
On a quick glance those look like solid 1st quarter results to me. Assume that share price will fall now that I've said that just to make a fool of me!
cwa1
01/5/2018
10:37
Peel Hunt: outlook to improve at Lancashire - HTTP://citywire.co.uk/money/the-expert-view-sainsbury-s-wpp-and-interserve/a1115375#i=6 Insurance group Lancashire (LRE) has had a benign start to the year but Peel Hunt believes the picture should continue to improve as premiums increase. Analyst Andreas van Embden retained his ‘add’ recommendation and target price of 690p on the shares, which rose 1p to 596p yesterday. He said that market conditions were ‘improving but not sufficiently to warrant a material expansion of Lancashire’s underwriting capacity’. ‘Instead, selective growth combined with high single-digit rate increases should see an improvement in Lancashire’s underlying margins,’ he said. ‘We have assumed a modest decline in the company’s risk profile as Lancashire keeps its excess capital powder dry ahead of the June/July renewals. The first quarter 2018 numbers on 3 May should see support from a benign start to the year.’
speedsgh
30/4/2018
08:26
Nice start
harleymaxwell
27/4/2018
18:30
Just think they are a sitting duck. Probably can't acquire , best days behind them. Multiple platforms to operate from .....
harleymaxwell
27/4/2018
15:46
Yeah... well...! I don't know :) The share price movement is 'interesting' but considering it's relatively low volume I understand how it can get whip-sawed around. Hopefully we might be able to figure out the volume and any block-trades after the close... Invesco were recently hovering around an 18% holding, close to the limit without making a formal bid. We'll see! - despite my apparent 'weariness', I'd [obviously] love to see the share price do well...
jrphoenixw2
27/4/2018
15:15
Still think somethings afoot!
harleymaxwell
26/4/2018
19:54
I salute your optimism! :) But on 15cents/1.39=10.8p/582p=1.86% I don't see suitors forming a queue. I suspect they're still 'repairing the balance sheet'. And I reckon that the periods of turbo-charged returns are gone for the foreseeable. Meanwhile let's see what next Thursday brings... '03 May 2018 First Quarter 2018 Results' hTTps://www.lancashiregroup.com/en/investors.html
jrphoenixw2
26/4/2018
12:50
Flush out a few more sellers for the new buyer?
harleymaxwell
25/4/2018
13:16
Yep, that's true, it's also the case that a bidder might try to coolly build a non-reportable position while sounding out other major holders to see where the latter's position might be available to buy, then if a deal is brewing, boom they might leap into compulsory bid territory. Perhaps also worth watching any shorts as they've usually got their ear to the ground; and LRE has been rumoured as a potential bid target perhaps every other year in the say 10 years I've owned it. hTTps://shorttracker.co.uk/company/BMG5361W1047/ Total short reportable right now = 4.91% Made up of: Numeric Inv -0.51% Worldquant -0.60 Odey -3.80% Overall short hasn't really materially changed this year, but changes in position seem to take a day or two to feed through.
jrphoenixw2
25/4/2018
12:25
Fair observation but a stake builder has to start somewhere!Let's see
harleymaxwell
25/4/2018
11:07
Does anyone get to see decent figures for volume? I no longer do since Google/Finance completely shafted their own site a few months back. Just wondering if there were any notable trades/candles this morning, or if it was simply more of a bigger trade than usual amongst a general dearth of volume. We have seen similar before, someone puts in a chunky non-limit buy order and the share price spikes out of sight - for a while. FWIW the Stock Exchange showed vol of circa 150k at 9.45am/Lon, perhaps before the offer-side was out of reach? If it is a predator, it's going to take 'a while' to build a position accumulating through the market at that rate...
jrphoenixw2
25/4/2018
08:56
Still ticking upSmall volume but still a target for a take out imho
harleymaxwell
23/4/2018
12:51
Nice move up today - must be a takeover candidate given consolidation in the Lloyds market at present
harleymaxwell
25/3/2018
09:50
Note to self for future reference: Per 1324/13-Mar^ 'Just going on the FX chart of Google/Finance I'm estimating the rate was circa 1.397, so looking for circa US0.10/1.397=7.16p' My broker paid out at 7.15077p. I still don't know if that is correct, and they've got it wrong before. Meanwhile the LRE website STILL shows '$0.10 (or approximately £0.07151)' hxxps://www.lancashiregroup.com/en/investors/shareholders/dividend-history.html So it seems you can estimate the converted div closely by taking the GBP/US$ rate from Google/Finance at noon on the record date, versus, the LRE site which even weeks later still doesn't publish what the actual rate was.
jrphoenixw2
22/3/2018
17:36
Setanta have crossed the 10% mark.
11_percent
21/3/2018
10:22
More deals expected as insurer M&As heat up - HTTP://www.businessinsurance.com/article/20180320/NEWS06/912319967/More-deals-expected-as-insurer-M&As-heat-up Merger and acquisition activity appears poised to accelerate in 2018 despite healthy valuations as insurers pursue various growth strategies, analysts say. Deals will also come as companies try to reinvent themselves for the digital age. “Deal activity in 2017 contained signs of the M&A trends that we expect to see accelerate as more insurers seek to transform, using business acquisitions or disposals as elements of that transformation,” said consultancy Ernst & Young L.L.P. in a report called Global Insurance M&A Themes, 2018 Moving from Optimization to Transformation, issued Tuesday. Acquisition prices are robust but not so high as to deter buyers. “There is some level of anticipated consolidation in the valuations, but nothing prohibitive yet,” said Meyer Shields, Baltimore-based analyst with Keefe Bruyette & Woods Inc. In January, American International Group Inc. bought Bermuda-based Validus Holdings Ltd. for $5.56 billion in cash, and on March 5, France’s Axa S.A. said it would buy Bermuda-based XL Group Ltd. for $15.3 billion in a blockbuster deal. “The deals that have happened the past couple of years haven’t been sellers that are in trouble,” said James Auden, managing director at Fitch Ratings Inc. in Chicago. “These deals are more strategic in nature; you’re seeing premium in the purchase price.” Growth is a driver behind the deals. “The buyers want to grow strategically in a mature marker,” Mr. Auden said. “The sellers are getting favorable prices.” Valuations vary in the insurance sector, with some mid-sized insurers and reinsurers trading at a premium. Companies in the reinsurance and insurance sector are trading around book value on average, said Taoufik Gharib, senior director, North America insurance ratings, at U.S.-based S&P Global Ratings Inc., with the exception of a few Bermudian players including Hiscox Ltd., Arch Capital Group Ltd., RenaissanceRe Holdings Ltd. and Lancashire Holdings Ltd. “Those are the positive outliers in terms of trading at a premium relative to their year-end 2017 book value.” Broadly, book value is calculated by subtracting liabilities and intangible assets, such as goodwill, from a company’s assets. The early activity could signal further acquisitions. “I think we’re going to see a lot more of it, and a lot of it will be in response to these deals,” Mr. Shields said. Some acquirers will be seeking added reach and diversity. “When companies consolidate, one of the things they are looking for is to be able to provide a greater array of product expertise to brokers and clients,” Mr. Shields said. Companies must expand cautiously, however. “There’s definitely benefits to diversification in insurance, but acquirers must have the expertise to operate in the various market segments,” or risk dragging down performance, Mr. Auden said. “Scale is important to effectively compete in a consolidating market and potentially absorb some of the volatility we’ve seen in 2017 due to catastrophe losses,” Mr. Gharib said. “A global (insurance and reinsurance) company needs a large geographic footprint to access business and generate diversified and sustainable earnings.” Mr. Shields says he remains skeptical of the absolute value of scale, “but if executives are worried about scale, they are going to pursue acquisitions that help them with it.” The insurance sector’s move toward a more digital future will also spur some deal activity. “We see a range of likely M&A activity forming part of the overall transformation of the sector in the short-to-medium term,” Ernst & Young said in its report. “The question of ‘buy or build’ has become central to many insurance M&A decisions and will continue to underpin consolidation as well as targeted acquisition of capabilities.” Insurers continue to invest into insurtech businesses, Ernst & Young said, partly in response to the ongoing question of buy or build, but increasingly as a way of accessing and operating in emerging “digital ecosystems.”
speedsgh
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