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The 8p dividend is noce to collect but I am holding until way over £7+, with trading to improve averages.
Each sock can meander and then least expected shoot up to a better level.
Patience.
GLA
it might go on a bull trend prior to the AGM
I'm holding
Im now thinking its worth holding until dividend date at the least. 8p per share subject to AGM approval in April?
None that I can see.
When I buy I hold until my exit price is reached (no matter how long)
I used to exit only to see the SP of the stock just sold in haste, recovered and significantly higher.
I am happy making 20% on a stock within a year.
Don't get me wrong, next day, week or month is always welcome though.
Any reason for the fall today?
Bit of a topsy turvy day but will take a small increase. Its held well amidst the US volatility for the past week or so. Hoping this time next week we are closer to £7.
Nice price rise today, despite US futures doing their best to dampen the UK market.
Good timing for you. I see 665 so far.
Thank you MaryBr190. Very useful as I'm still very much learning. I would be very happy with £7. Some nice steady rises recently. Hoping it continues. I also follow SGC which seems like another solid performer in recent weeks
This is quite an interesting article.
https://www.shiftingshares.com/what-is-an-uncrossing-trade/
FWIW
£7.60 or higher, even over £8. I plan to reduce over £7 as is my MO. Average down on spikes. Buy low sell higher etc.
GL
DYOR
Welcome. Very few post here so glad of the company.
The trade is an uncrossing trade - UT
An uncrossing trade is where buyers on the bid and sellers on the ask match together in a single trade at the end of an auction period. The uncrossing trade shows up with the trade code “UT” on the London Stock Exchange.
Hi newbie investor. Invested at 632 here and looking for an exit point. Has anyone noticed the 1m buy a couple of times. Always tends to happen at 16:35?
HTH
MMs playing games as far as I can see.
I bought in on the falls and am now average below £6 and expect it to be £7+ a lot.
The results that caused MMs to drop is summarised below. In my view, oversold big time.
Post the drop (10th Feb) brokers reiterated BUY targets of 830 and 945. Would suit me fine but will reduce part at it rises over £7.40
This stock zooms up on little news or warning. A comparative would be Beazley. (£3 to £3.80 back to £3.30 now £3.60 in a few short trading sessions.
11th & 12th Feb
Lancashire Holdings: Berenberg reiterates buy with a target price of 945p.
Lancashire: JP Morgan reiterates overweight with a target price of 830p.
DYOR
GLA
Story re drop
Lancashire Holdings posted a slump in full-year profit on Wednesday, but the results were ahead of expectations for a loss as the insurer's investment portfolio recovered.
In the year to the end of December 2020, pre-tax profit fell to $5.9m from $119.5m the year before, but this was better than analysts' expectations for a loss of $31.4m.
Gross premiums written increased by 15.2% on the year to $814.1m, in line with consensus expectations of around $812m. Meanwhile, the combined ratio - which measures an insurer's profitability - came in at 107.8% compared to 80.9% the year before, including the impact of the Covid-19 pandemic. A ratio above 100% means the insurer is paying out more money in claims than it is getting from premiums.
Lancashire said its investment portfolio contributed significantly to profitability, generating returns of 3.9% for the year.
Chief financial officer Natalie Kershaw said: "We are pleased to have navigated 2020 relatively unscathed given the number of catastrophe and risk losses incurred in addition to the financial impacts of Covid-19.
"In such a difficult year we consider making an overall profit after tax of $4.2m and comprehensive income of $24.3m a very positive result."
Do we know what caused the big dip?
Lonely board here.
On way back up it seems.
Does anyone follow this stock?
Odey have a near 5% short position and increased their short on 5th November 2018.........hmmmmm
And Peter Clarke (chairman) bought 30,000 shares on 2nd Nov @ 746 which cost him �223,000.
There's been "talk" of further consolidation within the insurance market for some time, and LRE would surely be a target if there is a bidder lurking in the wings. I can only think that there are no many big sellers in the market and any small chunks are quickly being gobbled-up. I'm holding for the time being.
This share price is acting in a rather strange way ... effectively LRE are market limited, they can't generate a vast increase in profits or profitability as they are tied to what they underwrite ... so a declaration of no major capital return (profit) for the year (ie no special) should devalue the SP considerably. Yet it not only holds up it increases ... me thinks there's something else going on in the background ... Does any one know of any merger or acquisition rumours that are going around for LRE? Mike
Gents. Me too, sold all at 7.30am thinking the price would collapse, still made an 18% profit. Can`t understand how it is almost as high as it was. Then remembered that of course money will not be paid out of the Company accounts as dividend, so the Co. goes forward in a strong position. Never know, if the last Qtr. is good may get a SD in march, like we used to.
Me too ... I'm income driven and was in here for the long term income flow which has done me very nicely over the years (18% pa overall). With the removal of the special and the ominous shift in words to using surplus capital in other ways I decided to get out and go somewhere else. Without the special this yields 1.5% and its easy to find 6%+ else where. What has really puzzled me is the way the share price has held up ... looks very suspicious to me ... there was some steady buying up to the results and I get the impression that the institutions are moping up shares. So what do the big guys know that they're not sharing with us little folk in the playground? Mike
Me too ... I'm income driven and was in here for the long term income flow which has done me very nicely over the years (18% pa overall). With the removal of the special and the ominous shift in words to using surplus capital in other ways I decided to get out and go somewhere else. Without the special this yields 1.5% and its easy to find 6%+ else where. What has really puzzled me is the way the share price has held up ... looks very suspicious to me ... there was some steady buying up to the results and I get the impression that the institutions are moping up shares. So what do the big guys know that they're not sharing with us little folk in the playground? Mike
SP held up well! I sold yesterday on early morning dip thinking it would drop. Nice to bank some profit but I could have done better.
This year