vprt
11 Nov 2019
LSE:CTR Yes there seems to be some hope of a higher bid (above 345p) if the lurking third party can be quick (22 Nov court date) and they can convince the CTR board of minimal execution risk. Interesting 11 days ahead. If they are willing to accept the adjustments/EO as fair then valuation is still modest.
Ripley94
11 Nov 2019
LSE:CTR CTR… XXXX E-mail today from ( S ) will be getting 345p per share … paid early 2020. No choice all stuck .
Ripley94
19 Sep 2019
LSE:CTR CTR… XXXX RNS… take over from private equity group recommended by CTR for 325p. shares have been at 212p recently … today up 33% to 325p … City must of thought higher offer coming ? Back just above offer at close. All stuck in SVS.
Ripley94
21 Jun 2018
LSE:CTR CTR… Sliced ( SI ) @ 3O5.75 p… Hit alert this seems to have been resistance for a long time.
Ripley94
15 Jun 2018
LSE:CTR C T R … XXXXX Year high 310 … low 225 have a large holding ( SI ) The slice Sept 16 @ 304 … good .
crestnet
01 Nov 2017
Strongly up Strongly up today, see where we close!
piw
11 Apr 2017
Video: Interview & presentation Video interview & presentation by Charles Taylor, (at Redleaf PR "Breaking the Mould" Capital Markets Day).[link] Interview with Charles Taylor Group CEO David Marock (2.5mins)David Talks about the company’s technology expertise.2. Presentation (25 mins)CEO David Marock gives an overview of the company and talks about how their growing expertise in InsureTech is driving growth in the business.Introduction - 00:24Overview of Charles Taylor - 00:52Revenue growth - 03:32Pace of growth - 04:45Strategic growth - 05:20InsureTech - 09:39The insurance landscape - 10:32Charles Taylor InsureTech expertise - 14:47Purchase of Fadata - 17:34Core products - 19:46Strategic partners - 21
6Client case studies - 22:27InsureTech supporting the wider business - 24:29Conclusion - 25:41
glasgowboy
09 Mar 2017
Thanks Bowman
glasgowboy
09 Mar 2017
Thanks Bowman
Bowman
09 Mar 2017
Re: DEBT Net debt in 2014 was ~£32m. I believe the drop last year was the result of the Rights Issue. The proceeds of the Rights Issue have now been used to fund acquisitions returning the debt to 2014 levels, hence the statement in the Final Results that debt has now returned to normal levels.Hopefully management can now concentrate on reducing the debt level to <£30m, although this will be constrained by the pension deficit reduction.
glasgowboy
09 Mar 2017
DEBT Results announced today and debt is now £37 million from £10 million , does anyone have any thoughts ?
gamesinvestor
25 Jan 2017
Debt - Current Liabilities starting to look a little hefty - showing as :- (1,266.0) on the last statement - how is this number arrived at?against an annual pre-tax profit of £16M - this seems pretty monstrous.Accept that the net assets are =ve at £60M, but even so this looks packed with risk.I'm beginning to tread with more caution here.Games
gamesinvestor
25 Jan 2017
Re: Buying up insurance David, Having read through this last presentation it illustrates that the life insurance business is still a relatively small part of the overall pie, although is growing - I hope they know what they are taking on?Listening to podcast interview with Marock and John Lee there were a few messages about if Marock remains on board. I hope he's not one of these "if we build it they will come types" and then heads for the door.[link] seems to have a good record.the scary part is the gearing.For the two main divisions, management and adjusting they have high costs, high gearing.The business only needs to turn down a few notches on revenue and the profit for that division is blown.I like the history, but things can change, and they only have to change a relatively small amount to have an impact.You are right about the negative sentiment -- what was it they say, markets can remain irrational longer than you can stay solvent?I'll probably make an investment here, need to do a bit more reading yet and it does appear to be falling in price quite nicely as I read.Games -- fresh after watching the big short again last night.
David123456
24 Jan 2017
Re: Buying up insurance I take from the announcement that they are struggling to grow the business. I know Zurich are restructuring bits & bobs but I'm not close-enough to it to give any insight. I'm not too concerned they're offloading though. The cost of the acquisition seems both comfortable and reasonable - not that I'm anywhere close to being an expert on such matters.To my mind, the SP drop is a realisation upon the news of diminished growth that the PE wasn't justified. The dividend yield (let's call it 5%), which is likely IMHO to remain well-enough covered, is likely to prevent the price falling too much further, but sentiment is a strong thing, and the Brexit uncertainty is set to continue so it might take more than a stable dividend.Anyway, you are not alone in watching these guys and I look forward to seeing their FY results.
gamesinvestor
24 Jan 2017
Buying up insurance What's behind buying up all these cast offs?Why would these bigger companies want to offload them if they are so lucrative?""""Charles Taylor announced the acquisition of a closed book of life assurances from Zurich International for up to £4m, as it said 2017 earnings are now expected to be below market views.The insurance services group said the deal is part of its strategy to make tactical acquisitions in the international life insurance sector to grow its life insurance business and associated services.The book – Allied Dunbar International Fund Managers – had gross assets of £323m as at 30 June and Charles Taylor estimates the current annual revenue from the book to be £3.6m and profit to be £1.7m.Buried within the news of the acquisition, Charles Taylor warned about its earnings for 2017.“This acquisition, together with recent acquisitions and business developments, is expected to support the group's earnings growth, although this is now anticipated to be somewhat lower than the market's previous expectations for 2017.”Chief executive officer David Marock said: "This agreement to acquire the closed life assurance book from Zurich follows our purchase last year of Scottish Widows International. It demonstrates our commitment to grow our life insurance and servicing businesses in the Isle of Man. Over the last five years we have made five life insurance acquisitions."We have significant experience with acquiring and managing life businesses. We will work closely with Zurich to ensure that policyholders experience a seamless change of ownership and continue to enjoy the same excellent levels of service."At 1115 GMT, the shares were down 10% to 261p.""Games
