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.
Started: pickedpeck, 5 Apr 2024 11:45
Last post: pickedpeck, 5 Apr 2024 11:45
Below 600 again, ready for the 10% wash cycle.
Started: NOMOL, 16 Nov 2023 13:22
Last post: MaryBr190, 17 Dec 2023 14:25
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.'
Last post: MaryBr190, 14 Nov 2023 20:41
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
Started: Happening, 1 Apr 2023 09:32
Last post: MaryBr190, 11 Jul 2023 09:34
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.
Nice buying dip.
Probably printer's leak of the amazing results. Should be a positive day.
Started: Happening, 11 Jun 2023 12:31
Last post: MaryBr190, 15 Jun 2023 04:00
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
Last post: Happening, 22 Mar 2023 08:44
Not such a good trader now what's changed?
Started: MaryBr190, 2 Mar 2023 07:45
Last post: MaryBr190, 2 Mar 2023 07:45
Beazley delivers strongest year end underwriting performance since 2016
Started: MaryBr190, 26 Jan 2023 12:26
Last post: MaryBr190, 10 Feb 2023 09:30
what a great trader this sold half ahead of results and just nipped back in sub £6 and up she goes.
over halfway there now £7 on results day - Friday?
the dip to 599 the other day, back to old routine again or mm fun and games. Expecting towards 660p soon.
Even stronger buy now :)
JPMorgan says Lloyd's insurers 'on cusp of a golden era', upgrades Hiscox
(Sharecast News) - JPMorgan Cazenove upgraded Hiscox on Thursday as it took a look at Lloyd's insurers.
The bank upped Hiscox to 'neutral' from 'underweight' as it believes the retail issues that have dogged results in recent years are likely to be behind the company and an improving reinsurance market should allow it to retain more business in this segment. The target price for Hiscox was lifted to 1,200p from 930p.
JPM's favourite names in the space remain 'overweight' rated Beazley and Lancashire. The bank placed Beazley on 'positive catalyst watch' heading into full-year results in March.
Looking ahead to this year and beyond, JPM expects the three Lloyd's insurers to produce the strongest return on equity since the mid-2000s with its average ROE for 2023/24E at 24%/21%%.
"At this stage in the cycle, with all three names set to deliver, we believe the Lloyd's insurers are on the cusp of a new golden era similar to the one that we saw in 2012-15," it said, noting that its pre-tax profit estimates are 21%/13% ahead of Bloomberg consensus for 2023/24.
At 1035 GMT, Hiscox shares were up 1.3% at 1,136.75p.
Started: share_monster, 24 Aug 2022 11:38
Last post: MaryBr190, 15 Jan 2023 14:42
well overdue the good old 10% up day.... for a trim
heading thru £7 and to £8 a la Beazley
Credit Suisse raises Lancashire price target to 725 (675) pence - 'outperform'
Started: joteller, 10 Mar 2022 10:06
Last post: katenip, 23 May 2022 20:40
JPM taking a stake...living in hope
Yes it looks like it's happening. Average broker rating over the last month 705. Undervalued or what!
Seems like they have gotten out the bad news, and looking at their strong portfolio and what the CEO this looks really for a bounce back up
Started: ikikik, 3 Mar 2022 16:38
Last post: tothesix, 8 Mar 2022 20:21
Would make sense at these levels. Any colour on potential acquirer? How credible is the source and how high is likelihood? Thanks
Since Feb 25th, there is an increased sell off pressure on insurance stocks. I am surprised that since LRE was already at low levels but it went lower. I don't know the main reason why there is a sell off or maybe it is just a part of geopolitical risk off.
Not priced in? This share has just dropped to lows not seen since 2008!
I don’t know the source of your rumour, but the SP would suggest it has no substance.
Not priced in yet
That doesn’t explain the huge drop over last couple of sessions
Started: Hopan, 18 Feb 2022 20:24
Last post: Hopan, 18 Feb 2022 20:24
Hope it does create too much damage
Started: MaryBr190, 28 Jan 2022 08:33
Last post: MaryBr190, 28 Jan 2022 08:33
HODL and ignore the turbulence. Opportunities galore.
Barclays set a target price of 781 GBX for the company, which when compared to the Lancashire Holdings Limited share price of 555 GBX at opening today (20/01/2022) indicates a potential upside of 28.9%. Trading has ranged between 5 (52 week low) and 564 (52 week high) with an average of 746,856 shares exchanging hands daily. The market capitalisation at the time of writing is £1,323,822,868.
Lancashire Holdings Limited is a Bermuda-based insurance company. The Company is a provider of global specialty insurance and reinsurance products operating in Bermuda and London. It is focused on short-tail, specialty (re)insurance risks within four general segments: Property, Energy, Marine and Aviation. Its property segment includes its property reinsurance lines, such as property catastrophe and retrocession, as well as property insurance and terrorism and political risks. Its aviation segment include aviation insurance products. Its energy portfolio include upstream energy, downstream energy, power and utilities and renewable energy. Its marine segment encompasses all aspects of the marine industry from cargo to cruise liners; it underwrites the marine class from both its Lloyd’s and Company platforms.
The share price for Lancashire Holdings Limited (LRE.L) is currently trading at GBp554.50 (2.97%)
https://www.***************************/lancashire-holdings-limited-28.9-potential-upside-indicated-by-barclays/4121045747
Started: clairesmith, 9 Nov 2021 21:04
Last post: katenip, 8 Jan 2022 17:58
A wise man said LRE will either pull through or get bought out; either way this is not a stupid hold at the mo
share looking good again, company making profit and pass the big payouts, so looking like based on forecast they are moving into good revenue times.
time to get in now and hold to make some good profit.
LRE was last trading at any meaningful period at this price In summer 2016. This is at a more than 5 year low if you exclude very brief price crashes seen in the first lockdown. Why are people still selling. It’s crazy! This has to be one of the best opportunities I have seen for a while
I see over the last several days a large amount of transactions in shares. Does this bode well for the company? I'm well down on this one.
The share got hammered by 2 factors:
1: Lancashire (LRE) in 2020, as the specialist insurer was forced to swallow $244m (£177m) of losses even before the small matter of Covid-19.
Claims stemming from the pandemic, largely from property exposures, came in just shy of the $42m forecast in July. The remaining exposures – including losses from hurricanes as well as “unusually high level of frequency in non-natural catastrophe” lines – were within Lancashire’s risk tolerance, but 88 per cent ahead of 2019.
2: they had to pay out for hurricane and unrest in South Africa.
However, their order book increased from 600m to 900m from 2020 to 2021. Which means the share has been lowered due to some big insurance pay outs, but the funds and potential revenue for 2021 onwards appear to signal the massive revenue and profit margins on the horizon.
Also this company consistently pays out dividends, so a great one to buy and potentially get 3 pay outs a year to make consistent profit.
Started: clairesmith, 9 Nov 2021 11:16
Last post: clairesmith, 9 Nov 2021 11:16
Company book is loaded, and the worse of the news is out. Looks like it's reached the floor and dividend potentially on the way.
Started: clairesmith, 8 Nov 2021 16:36
Last post: clairesmith, 8 Nov 2021 21:21
Traditionally this company has given out consistent generous dividends, wonder if they will announce soon a dividend payment?
Michael Dawson, Non-Executive Director, that on 5 November 2021, bought a total of 5,000 shares
The directors can see the value in this company and this is oversold
Started: clairesmith, 24 Oct 2021 19:23
Last post: clairesmith, 8 Nov 2021 16:18
Good luck getting in now, very cheap compared to past and in a healthy profit road
Topped up sub £5 as my gut feeling it there will not be an event like IDA every year and even if 1 in every 4 years the managment should be better prepared next time.
At the lowest point in a long time, they have now released the worst of the news, more buys than sells, this can easily bounce and recover
Started: fatprofits, 24 Oct 2021 17:16
Last post: fatprofits, 24 Oct 2021 17:16
It was distribution!!
That's why I questioned the recent price weakness a number of times,
it looked like.. something Wicked this way comes
which it did.
Started: Hopan, 23 Oct 2021 19:26
Last post: MaryBr190, 24 Oct 2021 01:46
Doubt it although I would take it up should it happen.
Anyone thinks they might announce capital raise through right issues at the trading update this November after $200mio loss from cats? Is market pricing in such a possibiity? Any thoughts on this subject?
The last capital raise of £287mio was last year June 2020 for about 39.6 million new shares (19.5% of shares) at the price of 726p..
Do your own research before making any decision.
Started: clairesmith, 22 Oct 2021 09:56
Last post: clairesmith, 22 Oct 2021 14:13
real barrel scraping happening today to get any shares, the selling seems to be drying up now, and the buys are still strong.
this should bounce back easily, the company deals in reinsurance of course they are going to have some big pay-outs once and a while, however this doesn't stop them making money and being essential to the industry.
Couldn't agree more, 1000 bought.
Seems to have had the worst news passed, set for a climb back
Started: Ken23, 22 Oct 2021 07:04
Last post: katenip, 22 Oct 2021 10:59
funny business reinsurance...you never know what is lurking in the deeps or shallows
So I think it's time to dip a toe in and test the water as it approaches the March 20 low
Started: Happening, 18 Oct 2021 14:25
Last post: Happening, 18 Oct 2021 14:25
Hello Mary,
Do you think this continues to be suffering from Hurricane freeting or something else? Just seems to be sinking vitually every day with new lows, as far as I can see the company appears to be okay so surely must a turnaround point soon.
Started: fatprofits, 4 Oct 2021 19:55
Last post: MaryBr190, 5 Oct 2021 15:55
I am accumulating anyway.
really?
Started: fatprofits, 28 Sep 2021 12:40
Last post: MaryBr190, 28 Sep 2021 21:12
Accumulation phase before the rise
????