FRTEB
29 Jan 2016
Shares suspended Well, that's it then! Shares suspended and I assume we get the wedge of cash next week.Cheers Amlin, it's been a very profitable relationship. If you have a twin please pass my contact details on!So, which insurer to invest in next? They all look fully valued to me. Any thoughts people?
danners
22 Jan 2016
new home for the cash? I'd love to hear what opportunities people have found as a new home(s) for the cash.
adriano
17 Nov 2015
Re: Advice Please Thank you for such a speedy and helpful response.Adriano
whilstev
17 Nov 2015
Re: Advice Please No there will be no more dividends. The takeover will complete sometime in the first quarter next year.
adriano
17 Nov 2015
Advice Please Do forgive me, but I cannot immediately find this out for myself and thought someone on this BB would know.Is it likely that there will be a dividend payment in May 2016 for this stock ? I'm holding on to my shares just in case....
aspace
05 Oct 2015
Re: More consolidation - sold out Reluctantly I have sold out 100% of my Amlin shares on the grounds that the price is unlikely to go up, and there is always a small chance the Mitsui deal could collapse for a variety of reasons. As I said in my previous email, I believe the price has been set at a level which dissuades rival offers, hence my pessimism about Mitsui being trumped by another reinsurer. Potential buyer Berkshire Hathaway, for instance, have a policy of not getting involved in bidding wars. So I have now triggered a personal tax problem, but that was inevitable anyhow. At least the problem originates with having made a great gain on my number two holding. Besides locking in the gain, what I also like about selling out is that in the unlikely case that the Mitsui deal does fall through, I may have an opportunity to buy back in at a lower price.
Inatthetop
24 Sep 2015
Re: More consolidation Following the falls maybe now is the time to buy in the sector in anticipation of more consolidation?
S17
16 Sep 2015
Re: When? Probably first quarter 2016, just in time to frustrate those of us who now have CGT liability they'd like to reduce!
danners
14 Sep 2015
When? Does anyone know when the buyout will be completed?Also, What am I going to do with all that cash? Any ideas for similar suitable (decent dividend) shares?Thanks.p.s. I also help Catlin.
FRTEB
11 Sep 2015
Re: Where are all our UK companies going... Thanks Guitarsolo, there are some 'unknowns to me' there so I will have a look. I have 25 different holdings at the moment, including NG, NCYF, RDSB, BLT, HSBA, CLLN, GSK and recent initial tranches purchased in ADN, AV. and SSE - all three of which are showing a small profit at the moment (well, EOD, haven't checked today) but the volatility isn't over yet - give it another month, maybe... HFEL is still on my watchlist, along with a few others (actually, a lot!) including LRE, PHNX, ASHM, ECM and PFL. I would love some RB. and ULVR but not at anything like current prices. I agree with you regarding DLG and also about the possibility of a Chinese meltdown. I don't think HSBA will go the same way as STAN but anything is possible. Everything seems risky at the moment. The problem is the alternative is ~ 1.5% in a CD account. I can't live on that! Long term all of the above should be OK I think but my biggest concern is cuts to dividends. Some more than others. I wasn't referring to anyone on TSCO. Think large financial institution. Don't want to be too specific - feels a bit unfair. Regards Bill
Guitarsolo
11 Sep 2015
Re: Where are all our UK companies going... Thanks FRTEB, you're right that a decent amount of FTSE350 companies derive their income overseas, so that's an advantage I agree. I just wish there was more and we didn't keep losing some jewels like Catlin (which I held pre-takeover). Like you, I am a dividend income seeker and like to have a number of 6%+ payers, well covered, that can increase those dividends gradually. Not easy to find! (My main ones are NG., IMT, HFEL, NCYF, CLIG, CSN, MLIN, RDSB). You're also spot on about diversification. I'm less diversified than I was a year ago but that's mainly because I have been accumulating cash for a house move and will use further funds coming later to re-diversify. I follow various boards on here and, yes, there a few people who I fear put too much into just a few companies and leave themselves exposed. Are you referring to a poster on TSCO perhaps? If so, I think I know of the chap you refer to and also felt for him as he saw his funds halve. But that's why you don't do it. As a PI, I would aim to hold approx. 20 companies across a least a dozen sectors. Most are income payers primarily with good records. I'm also weighted more towards the most dependable payers such as NG. and NCYF. I used to say the same about RDSB but am getting a touch nervous about the dependability of its dividend!There aren't too many high-divi paying non-life insurers left to invest with. LRE in my opinion is paying out too much of its money. ADM and DLG are solid on the domestic lines front I suppose (DLG has been great but may have peaked). CSN is a solid life insurer but is a bit expensive now. As for other sectors I am struggling:Oilers: Very uncertainMiners: Even worse!Retail: Too competitive Banks: Waiting for the Great Chinese Meltdown from its shadow banks and debt levelsI am still searching! Any thoughts or suggestions are welcome. Lastly, I have a couple of speculative AIM investments where I am gambling on a large capital gain (PRG and GFM. The former could be a multi-bagger for the brave, but equally might achieve nothing). Good luck!Guitarsolo
FRTEB
11 Sep 2015
Re: Where are all our UK companies going? " Have we been too open for our own good? " Yes, I believe we have been too open for our own good and in the rush to do business overseas we have failed to capitalise (as much as we could have) on the desire by foreign companies and countries to do business with us. In other words, we gave away too much for too little return. I just see it as a reflection that the once "Great" Britain is becoming less significant in the world. Whether this is part of a more serious terminal decline of UK PLC, I'm not sure. Time will tell. The only saving grace (IMHO) for us as investors is we can be thankful that a sizeable chunk of FTSE350 company earnings are sourced overseas. We seem to be at the (possible) height of M & A activity (a precursor to a crash?) so with a bit of luck there won't be too many more takeovers. Why? Well as a dividend/value investor I would rather we didn't sell off the family silver, as it were. I held Catlin and made a tidy profit just as I will with Amlin. But I was/am against the takeover(s), just as I was with Astrazeneca. But as a PI there isn't really a damn thing I can do about it other than search for a new income-producing home for the money.Another aspect of this is the importance of portfolio diversification so if there is a M & A frenzy in one sector, as there seems to be in insurance/re-insurance, then you don't lose such a large chunk of income all in one go. ...I have read some posts on these boards of investors having only a very small handful of large value investments. I know of at least one such person who is now sat on a very, very large paper loss and has also seen his dividend income slashed at the same time. He has gone very quiet. Hopefully he's OK. But it just underscores the need to spread risk by diversifying across sectors and geographically.
dede s
11 Sep 2015
Re: CaCapital Gains The process does require share holder approval, an EGM will be called to do this.There is no chance that CG for PI,s will be considered.Its cash now by selling, or an extra 2% if you wait until some point in qtr 1 2016.
Val U Search
10 Sep 2015
Re: CaCapital Gains The announcement letter suggests the process requires an acceptance vote at the annual general meeting.This is normally held in May, so UNLESS the AGM is brought forward the offer can't be implemented until 2016/17 tax year.People with capital gains tax issues could sell some shares in this tax year (say in 1Q 2016) and then leave the remainder to be bought in the off
Wynford2
10 Sep 2015
Re: Which stock exchange It's a cash offer, if it goes through then you are unlikely to have a chance to retain any shares.
