We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Below 600 again, ready for the 10% wash cycle.
As always, a sound investment but the moves need played.
Dividend picked up and out having been long since mid £5. Reentered to rebuild position on Fri, tranche 1 and happy to see it drop again if necessary.
Will hit £7 again at some point, higher.
Merry Christmas.
And there we are, over 700p net to anyone holding from before the xd a week or so ago. Nice ongoing rise, broker ratings for high 700s rather than 600s may be helping.
Including the special dividend this is not far off back to the recent highs. I wonder if it will go on to test 700 given the positive coverage and dividend forecasts? Pre covid since it broke that figure.
While we are talking recommendation he dividend expections for next year were interesting.
RBC, which reiterated its 'outperform' rating on the stock, said Lancashire's valuation "remains cheap" in its view at 1.3x book against an average 2023-25 return on equity of 22% with double-digit yields.
"We make no changes to our net income forecasts while our EPS increases by 2% reflecting the announced $50.0m buyback. For 2023e, we continue to forecast a final dividend per share of $0.15 to be announced giving a full-year total DPS of $0.70. For 2024e and 2025e, we forecast total DPS of $0.90 (up from $0.75) and $1.20 (unchanged), respectively, or a yield of 10.5% and 13.9% in each year. We assume no further buybacks," concluded the analysts.
Well, it may also be to do with xd date... Special dividend payable for shareholders on the register this morning 16th, record date 17th
'Lancashire’s Board of Directors has declared a special dividend of $0.50 per common share (approximately £0.41 per common share at the current exchange rate), which will result in an aggregate payment of approximately $119 million. The dividend will be paid in Pounds Sterling on 15 December 2023 (the “Dividend Payment Date”) to shareholders of record on 17 November 2023 (the “Record Date”) using the £ / $ spot market exchange rate at 12 noon London time on the Record Date. Shareholders interested in participating in the dividend reinvestment plan (“DRIP”), or other services including international payment, are encouraged to contact the Group’s registrars, Link Asset Services, for more details.'
To let people like me join the band wagon
Have been lightenin up but will retain for the 41p special and may buy back on a down day after ex dividend. Plenty more to come.
Nearly got your 700, in reach now.
Buying the dips
Roll on 10th August. This is my favourite mover, average here is 119.28p aiming for free holding in the next swing up.
Conduit Re out today...not surprising...excellent figures, hope it has a contagion effect on Lancashire Re
Day 3 of another up move - will it last - aiming for £7 here
Not sure but the moves are great to trim and readd and crush the average cost. Currently sub 280p. Fab trader.
Results not far away maybe the words out!
Day 2 and again a surge for no reason, someone is accumulating
Wowser - anyone hearing a bid rumour?
Another nice buying dip. With LRE adding on drops and trimming in the 630 level pay the piper.
Rinse and repeat.
Mine arrived today with HL as expected. if you held on the close before the ex div date, it will be there.
Anyone know what has happened the recent dividend? Should have been paid on June 2 still waiting at Hargreaves
Nice buying dip.
Probably printer's leak of the amazing results. Should be a positive day.
Has anyone know what caused yesterdays SP spike to over £6? Thanks
Not such a good trader now what's changed?
Beazley delivers strongest year end underwriting performance since 2016