whatsupnow
05 Feb 2015
Re: Completion date The Acquisition will be conditional on, among other things, the approval of Catlin Shareholders at the Court Meeting and the General Meeting, receipt of Clearances and the satisfaction (or waiver) of the other Conditions set out in Appendix I to this announcement. It is currently expected that the Court Meeting and General Meeting will be held in the second quarter of 2015, and the Acquisition is expected to become effective in mid-2015, subject to receipt of Clearances without delay and to the satisfaction (or waiver) of the other Conditions.
Guitarsolo
05 Feb 2015
Completion date I'm not sure if anyone is still checking this board any more but, if so, does anyone have any comments about:a) When the XL deal is likely to conclude. Any chance it will be after 5 April to help me with CGT?b) I've received notice that there may be an all cash option (presumably a swap arrangement with someone who wants more XL shares) but with very little detail. Does anyone else know more?Guitarsolo - wondering how to not get stung with a CGT bill!
Greyinvestor
28 Jan 2015
Re: sold out and signed off Bought a decent chunk of BRIT today......looking for other opportunities......
PJ Foster
27 Jan 2015
Re: sold out and signed off Well I also joined the exodus and sold out last week too. Have already re-invested it all - I don't like sitting on case. Put 9k into centrica - so delighted at the 4.5% rise today!! - and split the rest between four other holdings, just topping up. (HSTN, TSCO, GSK & SLI if you're curious)Like Greyinvestor I'm sad to see Caitlin go - it's been good to me.Cheers,
Inatthetop
27 Jan 2015
Re: sold out and signed off Grey, maybe worth considering with your CGL windfall then? I agree they seem a little expensive now but if and when another catastrophe arises the market will panic and the price will come down as it usually does and that may be the time to dip in. They will generally be covered by reinsurance for two or three major losses plus they will have reserves from the good years, so I think the market panics unnecessarily. far my largest investment but as they say, each to their own.
Greyinvestor
27 Jan 2015
Re: sold out and signed off I was mighty tempted at about £6.30 and only didn't because of my epic exposure to CGL.......
Inatthetop
27 Jan 2015
Re: sold out and signed off I think a lot of investors would have thought they were expensive a year ago, but would now be sitting in on a 17% increase in value. But each to their own.
Greyinvestor
24 Jan 2015
Re: sold out and signed off Re LRE, run back through the LRE board. They distributed a special divi of 75p recently.
Greyinvestor
24 Jan 2015
Re: sold out and signed off The HSX question is a slightly old chestnut, but worthwhile all the same. My answer has always been that they are a top quality business at a premium price and with a slightly lower dividend. I would have no hesitation in buying HSX, they've just been a bit expensive.The whole sector has now jumped, in anticipation of CGL money flooding back in. This happened a few years ago, when Omega and Brit got taken over. I believe that it might be better to let the hubbub die down and buy in the summer.As to which insurer is the best, I've tended to prefer stocks on a lower multiple of NTA, with the proviso that LRE's is exaggerated; it has founder warrants which dilute the value of everything by nearly 10%.One big elephant in the room. Last year was free from major catastrophes, and the year before was quite mild. There will be a big one again soon, and it will coincide with falling rates and weaker balance sheets. So the returns last year could easily be a high water mark for now. Despite this I have retained a good bit of exposure to this sector.
Inatthetop
23 Jan 2015
Re: sold out and signed off Seems like none of the posters on this board or Amlin's have any interest in HSX whose performance has been brilliant for me over a number of years. Can anyone point out the downside to HSX as I intended to increase my holding with the proceeds from this sale.
Mpg1
23 Jan 2015
Re: sold out and signed off I also got out today at 708.5p. I was going to look at lre , it has a 12 month high of 695, was it grossly overvalued then or were the fundemntals different?Any thoughts on the best value between lre and aml?Thanks all, been very helpful this bb!
Greyinvestor
23 Jan 2015
Re: sold out and signed off Yes, all the 'non lifers' are now very expensive. Thanks for the kind words. Something will turn up, but who knows when.My largest pooled investment is now HFEl, my largest single holding is HSTN. But I hold LRE, BRIT, NVA, BEZ, AML.My wildcard is JIL.All the best........
Broncomaniac
23 Jan 2015
Re: sold out and signed off Followed your lead, 708.6 was good enough for me. Thanks for all your insight into Greyinvestor! Hope to bump into you again on the boards, sadly I am not currently invested in LRE and the price is now well above the 550p entry price you suggested, however I will be hoping to acquire some in the future, perhaps bump into you there. BM
Greyinvestor
23 Jan 2015
sold out and signed off Sold out of CGL today, after a very happy five years as an investor. I'm very sad to say goodbye to my largest and most satisfactory individual investment. It'll be a huge struggle to replace it, ideally with another high yielder.I detest QE, all that it does is make the task of finding income harder. it sometimes feels as though the whole deck is stacked against oldies like me. Oh well. Here's to the next market fall.....
Broncomaniac
23 Jan 2015
Disposal of XL Shares I hadn't noticed this part of the offer:•A Mix and Match Facility will be provided which will allow Catlin Shareholders (other than certain Overseas Shareholders) to elect, subject to off-setting elections being made by other Catlin Shareholders, to vary the proportions in which they receive New XL Shares and cash.I suspect I will have sold my Catlin shares before we get to that point, but I haven't been able to let go of the further 20p upside just yet.
