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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lancashire Holdings Limited | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
2.00 | 0.32% | 619.00 | 618.00 | 620.00 | 623.00 | 612.00 | 618.00 | 63,834 | 14:23:49 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Fire, Marine, Casualty Ins | 449.1M | 321.5M | 1.3460 | 4.58 | 1.47B |
Date | Subject | Author | Discuss |
---|---|---|---|
15/2/2018 15:18 | selling out now means I can invest in something with a decent yield plus I am still in profit. Just sold and bought some PFC. | pogue | |
15/2/2018 14:55 | I think it highlights how smaller investors should approach shares that pay Specials [SDs]. IME there is a wide variance across companies on how dependable such divs might be. It is a simple oversight to do a sift of a sector or index, see a juicy yield including SDs and misjudge the future security of it; I did it myself, my position used to be 4x the size of what I hold now. I only chopped the holding down as I'm in the final preparatory steps pre early-retirement, and have been de-risking/diversify p.s. don't see any point at all selling out now, odds on the damage is done. | jrphoenixw2 | |
15/2/2018 13:37 | speedsgh I too am mainly an income investor but am trying now to rotate my LTBH shares a bit to protect gains and increase income not an easy combo. Here I see an oportunity to reinvest money elsewhere for a better return for the next year or so, if the special dividend had held then I would stay regardless of the share price. This RNS has highlighted to me what I actually knew, its cyclic share and divi, and has sparked me into action. Good luck with the long term hold here it will pay off I am sure I'll buy back at a later point. | pogue | |
15/2/2018 12:04 | pogue - Thanks for your post #1300. Interesting to hear your perspective and fully understand your position. I suppose a lot will depend on individual investment styles. When I buy, I tend to stick with it for the long long run unless the investment story changes fundamentally. I have been expecting a drought in the special dividend payments for some time. The company has been flagging for 2-3yrs that this would inevitably happen at some point when the benign period for catastrophes ended and the consequent stresses caused by this created opportunities for the company where they would be able to more efficiently deploy the previously under-utilised capital that in recent years has been returned to shareholders via special payments. This in turn should lead to greater profits, a higher share price and potentially greater distributions further down the line. In assessing the return from my LRE investment, and in particular the income, I tend to average out the disributions over a 5yr+ period; this evens out those years with whopping special distributions against those with none. In my own case the average return is more than satisfactory (I try not to be too greedy) but for each it will of course depend on the average price paid in the first place. I am also painfully aware that, whilst being predominantly an income investor, I am notoriously poor at trying to time selling equities in order to get back in lower further down the line. As a result I generally prefer to stay invested and hopefully average down if any opportunity presents itself. It's just what works for me. Others will naturally prefer very different methods which I completely understand. | speedsgh | |
15/2/2018 11:37 | yes good call I held on through inertia should have sold then too. Still in profit just now though so thinking take the few pennies left of profit and go all the money made was on the specials and will be in the future I think. | pogue | |
15/2/2018 11:31 | Sold out of LRE on 06/11/2017 at 756.64.Lucky I got the timing correct.I would not re-invest until the Special is reinstated.Also lucky to buy at 533.69 on 10/03/2016. | garycook | |
15/2/2018 10:56 | yeah thats what I am thinking. Is the share price going to go up with no specials? Not sure. It was the specials that got me here in the first place without them I am not seeing the reason to hold, finger on the trigger just now. | pogue | |
15/2/2018 10:25 | I would be surprised to see LRE pay a Special again this year,maybe Nov 2019. | garycook | |
15/2/2018 10:15 | speedsgh whilst I agree generally with your post I am not so sure of the LTBH quality here just now and think a sell and return in a year maybe more appropriate. The statement below from the RNS is what makes me think this. 'I expect 2018 to be another challenging year for our industry, but I am confident that we have further demonstrated that the Lancashire Group has the appropriate business model, talent and access to capital to maximise underwriting opportunities to benefit our shareholders"' | pogue | |
15/2/2018 10:13 | JSW wrote: 'Problem is erosion - and the fact that it will be a LONG time b4 we hear about the next spec divi.' No kidding, I was mulling that earlier. The first challenge might be 'filling the gap' back to last night's close @ 654p. How much future good news/results will that take ... [rhetorical question]. Buy-out rumours have circulated on/off for years, but that was when specials were more likely and/or being paid; who'd want to buy today... I don't see it. | jrphoenixw2 | |
15/2/2018 08:55 | JSW2,Agree LRE only paying 1.6% Dividend yield atm,when you can get 6% plus elsewhere in this sector ! | garycook | |
15/2/2018 08:29 | Well, compared to its peers a mkt/bk value of about 1.6 is not out of the way. Problem is erosion - and the fact that it will be a LONG time b4 we hear about the next spec divi. 550 ? Could do... Stopping on the sidelines for now. j | jswjsw | |
15/2/2018 08:27 | Gapped lower on the open circa -6.5% | jrphoenixw2 | |
15/2/2018 08:22 | All known about though surely? | bulltradept | |
15/2/2018 07:36 | jrp.It does look bleak.Back to £6 or even lower, | garycook | |
15/2/2018 07:20 | Having skimmed through the results it all looks bleak to me... Anyway, for the record here's the detail of the div. ----- Dividends The Lancashire Board declared the following dividends during 2017: • A final dividend relating to 2016 of $0.10 per common share; and • An interim dividend of $0.05 per common share. Lancashire announces that its Board of Directors has declared a final dividend for 2017 of $0.10 per common share (approximately (£0.07) per common share at the current exchange rate), which will result in an aggregate payment of approximately $20 million. The dividend will be paid in Pounds Sterling on 21 March 2018 (the "Dividend Payment Date") to shareholders of record on 23 February 2018 (the "Record Date") using the £ / $ spot market exchange rate at 12 Noon London time on the Record Date. | jrphoenixw2 | |
15/2/2018 07:09 | Released in last few minutes... Final Results REDUCTION IN FULLY CONVERTED BOOK VALUE PER SHARE, ADJUSTED FOR DIVIDENDS, OF 0.9% IN Q4 2017 AND 5.9% IN 2017 COMBINED RATIO OF 119.5% IN Q4 2017 AND 124.9% IN 2017 FINAL ORDINARY DIVIDEND OF $0.10 PER COMMON SHARE FULLY CONVERTED BOOK VALUE PER SHARE OF $5.48 AS AT 31 DECEMBER 2017 'Financials highlights' = 8 lines, all negative for FY17 vs FY16 .... | jrphoenixw2 | |
13/2/2018 12:01 | It's also going down because the sellers net materially outweigh the buyers. Volume at noon is less than 10% of 30-day [full day] average. I.e. an intra-day run-rate of circa 20% of the usual volume. | jrphoenixw2 | |
05/2/2018 10:25 | This is going down with the bond market. | 11_percent | |
29/1/2018 08:40 | Friday close: 685.5 This morning on the open it hit 699/+1.5% [LSE] at 8.04am, on volume of just 12k. Anyone putting in market orders [versus limit orders] might want to watch out! | jrphoenixw2 | |
26/1/2018 09:55 | I was looking at LREs open this morning, on Google/Finance. I started wondering if the real-time price feed had somehow stopped working as the price didn't move, at all, between 9.35-9.50. But is moving again now and it just seems that there simply were no trades to move the price in that period. Apparently THAT is how illiquid LRE is this morning. | jrphoenixw2 | |
23/1/2018 10:31 | No RNS re: major trades yesterday, at least not yet. But whilst checking there was one last week I missed: Setanta Asset Management Limited 5. Date of the transaction and date on which the threshold is crossed or reached: 16 January 2018 6. Date on which issuer notified: 17 January 2018 7. Threshold(s) that is/are crossed or reached: 9% Position 18.023M > 18.136M = 9.008% Notification dd. 18-Jan 4.30pm Setanta [Irish subsidiary of Canada Life] - ' Investment Philosophy We in Setanta Asset Management do not believe the market is efficient. Our aim is to purchase and own assets at a price below a reasonable assessment of their worth. This is where we focus our resources. Our process is akin to assessing a part ownership of a business rather than trading a security. This assessment of value must always encompass a thorough understanding of where this value is derived. We have a long term investment horizon and risk management is always central. We regard risk as the potential for permanent impairment of value. Integrity is a key tenet of our professional DNA and we embrace a culture of continued learning.' [www.] setanta-asset.com/ab | jrphoenixw2 | |
22/1/2018 17:59 | Thanks for that^ I was wondering if we'd get any clues/RNSs tomorrow. I make the volume [via Google Finance] 859k/338.5k the latter being the 30-day average. Ie. 221%. | jrphoenixw2 | |
22/1/2018 17:15 | In response to the Validus takeover by AIG | chrissh |
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