Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The fall is because insurance is a disaster, no secret, it’s been reported every time there’s been an update. I can’t see how there won’t be another write and I’d guess that most people will want to see the detail at end of year.
AICLs combined ratios are horrific and the broking business is shrinking with lower retention, lower new business sales and lower margins……hence the business culling yet more people last year.
The only thing that propped up the share price was the Dubai investor, without that this would have dropped further.
The bit we don’t know is what the JV type plans are for cruising. But with so many questions I think the price action is understandable.
The sheer stupidity and obsession with me is embarrassing. As for the analysis, coming from someone who hasn’t actually done any or shared anything, I’ll take your comments with a pinch of salt.
Appreciate you reminding me to never underestimate how stupid people can be, thanks
Lol, it’s all very interesting, looking forward to the trading update. Company has been shafted by mismanagement so understanding the direction of travel for the business is key.
As always I’ll pour over the detail but don’t worry, I’m tired of being trolled by some idiots on this board so I’ll keep my analysis to myself. All I’d say is the Dubai buys have propped up the share price over the last month or so, which for LTH’s I’m happy about!
Aspers mate, your obsession with me is getting a bit much. So it’s fine for you to say you’ve heard this and that but not me…..fair enough. Like I’ve said repeatedly, we’ll see in the trading update. My positives are that cruise and travel will be doing really well and will offset some of the insurance disappointment. The other positive…..using facts which I’ve stated many times, is that the insurance impact from inflation and the price changes that need to be put in will eventually work through the book…it will just take longer than other insurers as the fixed price polices are dragging.
It’s tiring being called out by people who literally have no idea about this business and don’t even read the updates and presentations that are readily available.
I trawl through the numbers and speak to many people about the business and I’d really love some actual insight from the trolls rather than just…..the business is recovering, stop being negative 🤦🏼♂️ or the ridiculousness trust me I’m a doctor comments. There are some absolute tools on this board…..I do appreciate there are many people who contribute great info which Is what I stick around for.
I must have missed the overwhelming positivity from everyone else……I’ve called £1 for a long time now, people may not like it, but I’ve been consistent with my views and I’ve backed those up with my reasons.
I’m very happy that Euan has gone, the damage he’s done is huge and will flow through to Jan’s update where I expect we’ll see a train wreck of results for insurance.
After that things might get better but as I keep saying it’s a long road ahead.