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
  +1.50p +0.26% 571.50p 572.50p 573.00p 582.00p 558.00p 569.50p 1,364,947 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 354.5 -54.0 -26.7 - 1,140.14

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Date Time Title Posts
16/2/201813:54Now time to buy Lancashire Holdings1,314
23/6/201104:22Lancashire Holdings General Discussion with Charts15
10/12/200711:24lancashire holdings3

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Lancashire Holdings Daily Update: Lancashire Holdings is listed in the Nonlife Insurance sector of the London Stock Exchange with ticker LRE. The last closing price for Lancashire Holdings was 570p.
Lancashire Holdings has a 4 week average price of 558p and a 12 week average price of 558p.
The 1 year high share price is 773.50p while the 1 year low share price is currently 558p.
There are currently 199,500,392 shares in issue and the average daily traded volume is 1,247,019 shares. The market capitalisation of Lancashire Holdings is £1,140,144,740.28.
jrphoenixw2: Extract dated today: 'In reaction to the results, City stockbroker Numis Securities upgraded its rating for Lancashire to ‘add’ from ‘hold’ citing recent share price weakness and the positive outlook, maintaining its share price target at 775p. In a note to clients, the Numis analysts said that although the quantum of January reinsurance rate increases was less than the most bullish expectations, they believe that the breadth of price increase/stability is turning out to be wider than anticipated. They added: “This is consistent with what we would expect given Lancashire’s risk profile and the record catastrophes loss incidence in 2017, both in terms of quantum and frequency.” The analysts concluded: “We think current market earnings forecasts for financial year 2018 are well supported.”
pogue: 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.
speedsgh: 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.
pogue: 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.
jrphoenixw2: Transcript of their analysts call, typos, audio problems and all: Nice to hear their confidence. They reiterate they expect renewal rates/ margins to begin improving from the start of 2018, and in Jun-18 they'll re-assess whether the sufficient profitable opportunity continues, to justify a capital raise to write more cover. I infer if they're capital raising that makes Specials, that come from 'excess capital', unlikely. Perhaps the share price, vs the potential for a Special, is going to be the focus for investors well into 2018.
johnroger: The share price is not performing as though the company was going to cut or omit its special dividend payment. Or could it be that a predator is waiting in the wings if the results disappoint?
rdcdragon: The rumour mill in the city is suggesting Lloyd's maybe on course to make a loss this year. I've sold out of LRE pending a statement or the 3rd quarter results. The risk of cutting the special dividend feels high and I think it would seriously effect the share price in the short term.
jrphoenixw2: That explains it, thanks. [extract] 'Novae said it will be bought at 700.00 pence per share, a premium of around 20% to its closing price of 581.50p on Wednesday. This also represents a premium of around 29% to its volume weighted average closing share price for the month up to July 4, the last business day before the announcement. The acquisition is also a 1.5 multiple of Novae's reported book value of GBP318.8 million as at December 31. Novae's market cap was GBP374.6 million at Wednesday's close. ... A number of acquisitions in recent years has seen other insurers, such as Amlin PLC and Brit PLC, similarly bought by overseas rivals, the newspaper noted. Novae's takeover will leave just three specialist Lloyd's insurers listed on the London Stock Exchange, namely Beazley PLC, Hiscox Ltd and Lancashire Holdings Ltd.' ... LRE sits at the side like a damsel waiting to have her card marked for the last dance. I'm finding it impossible to trim/re-balance my position with this seemingly perpetual 'what if' in the background. Still, I'd rather wait in hope on the benches coining the div than be flayed alive on the floor like Odey with his -4.49% short, bwahaha hTTp://
jrphoenixw2: Thx CWA, can you clarify 'UT'? - And all things being equal, where might one expect it to open on Monday, 685, or 697.5p? I'm all for conservatism, but that's a material difference. - Interesting to note LRE quote 685p as the close px too hxxp://
garycook: Speedsgh,Thanks for the Info.So this year roughly 15% return for LRE Shareholders.So looking at 5 previous years the worst case scenario would be a full year Dividend of 80 USD or 50p a Share giving roughly a 9% return if LRE Share price stays around 560 ?
Lancashire Holdings share price data is direct from the London Stock Exchange
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