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 Shares Traded Last Trade
  -14.50 -1.92% 742.50 97,062 12:17:39
Bid Price Offer Price High Price Low Price Open Price
742.00 743.00 753.00 727.00 740.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 371.06 90.11 44.49 16.1 1,801
Last Trade Time Trade Type Trade Size Trade Price Currency
12:16:34 AT 247 742.50 GBX

Lancashire (LRE) Latest News

More Lancashire News
Lancashire Takeover Rumours

Lancashire (LRE) Discussions and Chat

Lancashire Forums and Chat

Date Time Title Posts
26/8/202017:08Now time to buy Lancashire Holdings1,407
23/6/201105:22Lancashire Holdings General Discussion with Charts15
10/12/200711:24lancashire holdings3

Add a New Thread

Lancashire (LRE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Lancashire trades in real-time

Lancashire (LRE) Top Chat Posts

Lancashire Daily Update: Lancashire Holdings Limited is listed in the Nonlife Insurance sector of the London Stock Exchange with ticker LRE. The last closing price for Lancashire was 757p.
Lancashire Holdings Limited has a 4 week average price of 727p and a 12 week average price of 727p.
The 1 year high share price is 852.50p while the 1 year low share price is currently 481p.
There are currently 242,510,007 shares in issue and the average daily traded volume is 374,803 shares. The market capitalisation of Lancashire Holdings Limited is £1,800,636,801.98.
pogue: Major flooding on coast but inland wont feel it so damage is limited compared with what was expected which is why the share price here is rising IMHO.
speedsgh: That is the CFO's second open market purchase since results were released on 15/2. In fact there has been concerted buying by the board since results which currently amounts to c£465k. Remains to be seen whether they are merely attempting to support the share price or whether they genuinely believe the shares are substantially undervalued at the current price level. Only time will tell. 16/2/18 Michael Dawson (NED) bought 3,800 @ 588.5p = £22,363 16/2/18 Peter Clarke (Non Exec Chairman) bought 16,000 @ 566.9p = £90,704 16/2/18 Elaine Whelan (CFO) bought 20,000 @ 589.5p = £117,900 16/2/18 Alex Maloney (CEO) bought 21,700 @ 573p = £124,341 19/2/18 Samantha Hoe-Richardson (NED) bought 1,409 @ 567.75p = £8,000 20/2/18 Robert Lusardi (NED) bought 5,000 @ $7.89 (c564.5p) = c£28,225 20/2/18 Elaine Whelan (CFO) bought 13,500 @ 557.5p = £75,262 By way of comparison 2016 Final Results released on 16/2/2017 were followed by just a single open market purchase: 28/2/17 Michael Dawson (NED) bought 7,200 @ 693p = £49,896
cwa1: Not exactly enough to account for it but every little helps:-
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.
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.
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 share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200922 11:32:59