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Pin to quick picksCastelnau Group Share News (CGL)

Share Price Information for Castelnau Group (CGL)

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Share Price: 78.50
Bid: 77.00
Ask: 80.00
Change: 0.00 (0.00%)
Spread: 3.00 (3.896%)
Open: 78.50
High: 78.50
Low: 78.50
Prev. Close: 78.50
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Catlin profits fall short but dividend payout plans confirmed

Tue, 10th Feb 2015 11:12

Full year profits from Catlin were slightly behind analyst forecasts, though the speciality property and casualty insurer delivered higher net asset value (NAV) than expected, with its takeover by US rival XL expected to be effective later in the year.Profit before tax climbed 13% to $488m, behind the consensus estimate of $492m, but helped by the sale of Box Innovation Group (BIG) which lifted the investment return by around $31m.Basic earnings per share was up 5.4% to $1.17 and the total dividend was lifted 5% to 32.5p with an expected 12p from the sale of BIG.Net tangible assets per share increased during 2014 by 8% to $7.73, while book value per share rose by 6% to $9.47.The return on net tangible assets was down to 16.3% from 17.0% the year before, while return on equity down to 13.1% from 13.4%.Catlin's combined operating ratio was up slightly at 86.8%, reflecting a more benign year for insured catastrophe losses, down to $85m from $156m but included larger risk losses of $107m from events such as the Malaysian airline losses and the Tripoli airport losses.Chairman John Barton said: "While I am pleased with Catlin's performance in 2014, I also believe that the offer to acquire Catlin by XL Group plc would result in a business combination that will become a leader in the global property/casualty insurance industry and result in the realisation of significant value for our shareholders."Broker Shore Capital said the strong finish to the year "leaving us to wonder 'what if' in terms of possible return of capital".Catlin has nevertheless agreed to a take-out by XL at 388p cash, a 22p final dividend and 0.13 XL shares for each Catlin share. Analyst Eamonn Flanagan noted that at current prices, with XL around $35.7 and the sterling-dollar rate at 1.53, this equates to circa 713p per share, with the bid expected to be effective mid-2015.
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19 Apr 2024 22:03

EARNINGS AND TRADING: Nostrum swings to profit, Albion grows value

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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29 Jan 2024 17:36

Silverwood reports trading in-line; converts loan into equity

(Alliance News) - Silverwood Brands PLC on Monday reported in-line trading as it unveiled an influx of fresh funds and the conversion of an existing loan into equity.

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14 Sep 2023 12:15

Castelnau asset value falls but says outlook still "very promising"

(Alliance News) - Castelnau Group Ltd on Thursday said its net asset value decreased during its latest half year although its pretax loss narrowed, but said it is "still early days" and is confident in its outlook.

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6 Sep 2023 15:46

UK shareholder meetings calendar - next 7 days

Thursday 7 September 
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Baillie Gifford UK Growth Trust PLCAGM
Chariot LtdAGM
Chaarat Gold Holdings LtdGM re sale of Chaarat Kapan
Currys PLCAGM
De La Rue PLCAGM
ECO Animal Health Group PLCAGM
Jet2 PLCAGM
LXI REIT PLCAGM
Monks Investment Trust PLCAGM
Montanaro European Smaller Cos Trust PLCAGM
Mulberry Group PLCAGM
PayPoint PLCAGM
Picton Property Income LtdAGM
Polar Capital Technology Trust PLCAGM
Powerhouse Energy Group PLCAGM
Semper Fortis Esports PLCAGM
Sivota PLCGM re directors' remuneration policy
Speedy Hire PLCAGM
Wise PLCAGM
XPS Pensions Group PLCAGM
Friday 8 September 
Berkeley Group Holdings PLCAGM
Byotrol PLCAGM
Gear4Music PLCAGM
JLEN Environmental Assets Group LtdAGM
Kenmare Resources PLCEGM re proposed tender offer
Mid Wynd International Investment Trust PLCAGM
SVM UK Emerging Fund PLCAGM
Monday 11 September 
SDCL Energy Efficiency Income Trust PLCAGM
Tuesday 12 September 
DWF Group PLCGM re cash acquisition by Aquila Bidco Ltd
Northern Bear PLCAGM
RC365 Holding PLCAGM
Rockwood Strategic PLCAGM
Sure Ventures PLCAGM
Warehouse REIT PLCAGM
Wednesday 13 September 
BH Macro LtdAGM
Castelnau Group LtdAGM
Creightons PLCAGM
Eckoh PLCAGM
Glantus Holdings PLCEGM re takeover by Basware
Hornby PLCAGM
Marlowe PLCAGM
Worsley Investors LtdAGM
  
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10 Jul 2023 09:28

Castelnau assists its brand Hornby in Warlord minority stake deal

(Alliance News) - Castelnau Group Ltd on Monday said it assisted Hornby PLC, which is part of its portfolio, in its 25% stake acquisition in Warlord Games Ltd.

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19 Apr 2023 17:39

TRADING UPDATES: Deepverge reviews funding, proposes Microsaic deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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14 Apr 2023 19:42

TRADING UPDATES: Anexo announces proceedings issued against Mercedes

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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4 Apr 2023 21:12

IN BRIEF: Castelnau underperforms benchmark as NAV per share drops

Castelnau Group Ltd - Guernsey-based closed-ended investment company - Reports a net asset value per share of 75.02 pence at December 31, down from 93.55p at the same time a year prior. Total NAV return for 2022 was negative 20% compared to a positive 0.3% return for its benchmark index, the FTSE All Share Total Return Index. Pretax loss in the year totals GBP34.1 million, widening from GBP12 million the year prior. Says that while the short-term performance is "disappointing", the outlook for the future is "very promising." Declares no dividend.

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10 Mar 2023 12:31

Castelnau says Ocula Technologies receives new Lloyds investment

(Alliance News) - Castelnau Group Ltd on Monday said Ocula Technologies Holdings Ltd has received new investment from Lloyds Banking Group PLC and their financial technology investment team.

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23 Jan 2023 17:05

UK stocks rise on boost from consumer firms, miners

Dignity jumps on sweetened buyout

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23 Jan 2023 09:26

UK funeral service provider Dignity agrees to $349 mln takeover

Shares of FTSE Small Cap firm hit over 9-month high

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23 Jan 2023 08:59

TOP NEWS: Dignity agrees to takeover offer as revenue, earnings fall

(Alliance news) - Funeral services profit Dignity PLC on Monday said its board has accepted a takeover offer from a consortium of existing shareholders, while also revealing a decline in revenue and operating profit last year.

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4 Nov 2022 11:23

IN BRIEF: Castelnau invests in data sciences business Ocula

Castelnau Group Ltd - closed-ended investment firm - Invests an additional GBP700,000 in Ocula Technologies Holdings Ltd, in which it owns a majority stake. Ocula is a London-based data sciences business. Castelnau says the additional funding is part of a "proposed additional funding round which it is hoped will see new, third-party investors become part owners of Ocula alongside Castelnau and Ocula's founders and employees".

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14 Oct 2022 07:33

IN BRIEF: Castelnau invests in equity and loan of Silverwood Brands

Castelnau Group Ltd - closed-ended investment firm - Invests GBP1.6 million in equity and an unsecured loan of GBP4.4 million in Silverwood Brands PLC. Says it is the first significant investment in a new entity since Castelnau was listed on the London Stock Exchange in October last year. Silverwood is a London-based investing company targeting food, organic food, wellness, lifestyle and leisure sectors.

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7 Sep 2022 14:38

IN BRIEF: Castelnau posts maiden interim loss of GBP30 million

Castelnau Group Ltd - closed-ended investment firm - Reports loss for its first complete half-year since its initial public offering on the London Stock Exchange in October 2021.

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