Lancashire Share Discussion Threads

[jrphoenixw2] 18/2/2016 08:02

Right... so, 10 cents but no special.

[ph1ts] 18/2/2016 07:24

Well we got the 10 cents!

[jrphoenixw2] 15/2/2016 10:49

Good point, hmmm, because as I recall the FX rate isn't announced until the Record Date*.

A file-note from last year: 'On 15 April 2015 a final dividend of $0.10 and an additional special dividend of $0.50, a total of $0.60 (£0.4060), per common share was paid.'

*p.s. Another file-note confirms that this was the case for the RD in March-2015

[speedsgh] 15/2/2016 10:29

Or it is perhaps more likely to mean '25 US cents' seeing as LRE dividend is stated in dollars...

special (Dec 15) - USD 0.95/63.1292p
interim (Sep 15) - USD 0.05/3.2492p
---------------------------------
TOTAL FY 2014 - USD 1.85 (120.02p)
special (Apr 15) - USD 0.50/33.8333p
final (Apr 15) - USD 0.10/6.7666p
special (Dec 14) - USD 1.20/76.4112p
interim (Sep 14) - USD 0.05/3.0135p

[jrphoenixw2] 15/2/2016 10:12

I checked the article and it does indeed state '25pc per share'. Presumably a typo and it means 25p? The latter would make some sense as the Special this time last year was 33p.

[speedsgh] 15/2/2016 09:47

Final Results are due on Thurs (18/2)...



Full-year results are under pressure at insurance group Lancashire Holdings. It is estimated that the company will post a 30pc decline in net profit to around $160m when it releases it results for 2015. A combination of lower premium income and higher man-made large losses is expected to weigh on the insurer.

In its fourth quarter, pre-tax profits are forecast to come in at around $37m. However, Lancashire is de-risking its exposure, as it attempts to protect its portfolio with additional reinsurance purchasing. The market also believes the group could pay out a small special dividend of 25pc per share in the first quarter of this year.

[badtime] 20/1/2016 12:03

Bit lower and I might top up

[battyliveson] 12/1/2016 16:21

I would hope the strengthening US$ would help this share as its accounts are denominated in that currency. Rather than a currency headwind, more of a tailwind.

B

[jrphoenixw2] 18/12/2015 23:07

Pidgea. Non gender-specific custodial old-bird of the future.

[shauney2] 18/12/2015 16:52

No nothing from Barclays yet.I think they are still training the pidgeon.

[deanowls] 18/12/2015 16:25

Yes got mine, with TD

[jrphoenixw2] 18/12/2015 16:24

Well if you're with Interactive Brokers that's normal.
They'll blame the custodians, who all sound like they're named after condom or Tampax manufacturers, Asserta, Peoplia, Projecta. Then they'll do everything but tell you who the custodians are, such that one might try to talk to someone speaking sense, and find out where your money is.
Have I received the div today, don't know, but I expect not. That's Interactive Brokers...

[markjdgilbert] 18/12/2015 15:55

Has anyone else not received their dividend today?

[effortless cool] 15/12/2015 12:06

Thanks, badtime. I'm hopefully finally getting the hang of this trading lark.

[badtime] 15/12/2015 11:01

WD effortless

[effortless cool] 15/12/2015 09:59

I have closed my long now. It could well go higher, but there is still potential fall out from the Cathedral mess. Happy on the sidelines for a while.

[carcosa] 15/12/2015 03:27

Thales,

Start with questioning your assumptions.

Carcosa
(Retired/ex-salaried Engineer) ;-)

[thales1] 14/12/2015 16:03

Can anyone help me? LRE share price goes up when sells are much greater than buys?

Am an engineer & deal in facts - my mistake.

[effortless cool] 11/12/2015 13:52

I have been pondering this, and the integration argument does hold water.

An independent Cathedral needed a CEO and a CFO. However, as a subsidiary, those roles duplicate equivalent (but now senior) roles held at Lancashire. Cathedral also has a separate MD to manage the Lloyd's agency, so the Scales and Lynch roles are superfluous - if Lancashire had started with a blank sheet, those roles would not have existed (and now they don't).

I have closed my short and reversed to a long position. Lancashire's news management has been terrible but the changes make the management team less top heavy and the management structure more logical. I don't see any reason for it not to bounce back to where it was before this news broke.

[jrphoenixw2] 11/12/2015 13:31

i.e. an announcement re: the departures issued today via RNS

[effortless cool] 11/12/2015 12:50

At long last.

[plasybryn] 10/12/2015 18:07

Surely no smoke without fire.
Great uncertainity which I don't like at all.
Very surprised there hasn't been an RNS to clarify.

[jrphoenixw2] 10/12/2015 14:11

I was 'surprised' by LREs news management on this matter, but after your last post EC I'm now entering the 'disappointed' stage.
And meanwhile during this period of uncertainty, it's not surprising to see the stock take a beating.
If only they they were half as nimble on the News/PR cycle, as they are on the insurance/sector cycle.

[effortless cool] 10/12/2015 13:43

Of course they should. They are still shown on the website as two of the 10 designated as "Group Executive Management"

[salpara111] 10/12/2015 13:21

Surely they are obliged to issue an RNS about the senior staff departures?