Hydrogen Economy
06 Sep 2017
LRE Prospects Clearly the sector is taking a pounding with Harvey and Irma in focus and who knows what to follow. These events seem to run in spates followed by periods with few big events, we have had the latter and could well be in for a prolonged period of the former.As is well noted here, insurer's benefit in the mid term following such events as premiums are driven up so I guess many will be looking to time an entry, It may seem callous in the aftermath of tragic events, but that is the business of insurance and many people with foresight to insure will be pleased to receive the funds to rebuild, so I have no qualms there. One aspect I notice looking at historic SP's of LRE and peers HSC, BEZ and dearly departed AML and GGL is how well they performed during the financial crisis, most ending well up over 2008. I (sadly) did not hold any during that period so it was a bit of a revelation. I guess it was due to the strong balance sheets which the insurance business model provides with premiums invested, typically in fixed interest assets but can anyone shed any further light on why they were so resilient? Was is related to the nature of the crisis or would it likely apply in a typical crash. AIG who insured sub-prime nonsense nearly went under so the type of business is no doubt important. If the 2008 response to a crash is typical it would seem to be another great reason to hold, along with the great dividends and good capital gains available in the right part of the insurance cycle.Appreciate any comment from those who understand the business better than me (which probably means most people reading this),GLAH2
Guitarsolo
05 Sep 2017
Re: LRE expects limited claims payout from H... Hang on! ""On their (Cathedral's) treaty account, it's difficult to say if there will be any claims at all because there isn't a big wind exposure here, it's more of flood," Creagh-Coen said."So LRE is exposed to the flood claims via Cathedral? That's where the real losses are in Texas and Louisiana. And LRE might have $200m of exposure for windstorm damages in TX/LS according to an analyst but this is rejected by Creagh-Coen........I suppose we should put more faith in CC than an analyst but still.......HERE COMES IRMA! Category 5 (windstorm) with Florida in its sights. Still a long way to go on its tracking but if it hits the eastern seaboard low down in Florida (Miami, Fort Lauderdale etc) that could be a big problem. It seems wrong to sniff an entry point when people are/will suffer but, if there is to be a good entry point, it will be after a big hit from Irma. People here in the insurance market are nervous that's for certain. GS
arry the accountant
16 Feb 2017
Re: Todays results and price rise The price has only just broken the pre dividend price so nothing special really.
musker ron
16 Feb 2017
Todays results and price rise I'm puzzled by today's meteoric rise. Results OK but fall in profits, dividend held but no special dividend announced. ROE good. The only thing I can see is yield is excellent and dividend cover is also excellent. Can anyone enlighten me as to why the price has risen by nearly 10%?
Greyinvestor
27 Jul 2016
Value or not? I took a quick look at the results today, to see if it is worth buying back in. In my view it isn't.It looks to me like LRE will come in well below expectations. I'd put fair value at somewhere around £5. EPS maybe 44p, PBT about £86m.The NTA is good though, probably due to exchange rate effects.Not for me, yet.
II Editor
12 May 2016
NEW ARTICLE: A near-9% yield backed by Woodford "The hunt for yield remains in full flow. There are few asset classes which return anything like equities right now. But it's getting harder and more expensive, and investors are rightly beginning to question the sustainability of many income ..."[link]
taffytiddler
10 May 2016
£500k buy £500k buy on the bell. Interesting times?TT
Damp Seaweed
05 May 2016
Re: Bought in Modest purchase @517.5p ========== Closed @538.5p Simple gap closing tr
Greyinvestor
05 May 2016
Sold out I sold out of these today. To my mind the results were grim, not their fault, but the Lloyds market is becoming a very difficult place to make a decent return. Not one of my good decisions.....
Damp Seaweed
05 May 2016
Re: Bought in Modest purchase @517.5p Real shares
aspace
10 Mar 2016
Re: lre value GreyinvestorBerkshire's zero dividends suits me at the moment as I am in full time employment and pay tax at the highest marginal rate. So I get punished for receiving dividends - especially with the tax credit now shrinking. Anyhow Buffett said last year that dividends will commence sometime within the next 20 years so that suits my likely retirement schedule!! Lucky me!! (Hopefully)!I topped up on Beazley following recent price weakness. Also found an interesting company in Australia called Wesfarmers who are a very old diversified conglomerate of excellent businesses a bit like Berkshire, although they DO pay a dividend. They recently bought the Homebase stores here in UK which they plan on converting into Bunnings which have been particularly successful in Oz. Have bought lots of stuff there myself over the years - pricey but good product range, layout and customer service by ex-tradies. See if they can replicate in Blighty. Still a bit confused by LRE and won't be adding. Thanks for your insightful comments. I'll try to return the favour with my own analysis contributions on these boards.
soi
09 Mar 2016
Re: Bought in Hi FRTEBJoined you, share buy at 534.Planning to also trade it long SBGLsoi
Greyinvestor
08 Mar 2016
Re: lre value You can never go wrong with a WB business, although no dividend is an issue for me. I think that Berkshire is perenially undervalued.Good luck with your names.I've topped up my APAX, sensible results out today, I thought.
FRTEB
07 Mar 2016
Bought in Bought some LRE today at just under 533. Initial tranches in two different accounts.Still have Amlin cash looking for a home...
Greyinvestor
07 Mar 2016
p.s. The stake owned by Woodford and Invesco (where Woodford worked before) equates to just under £350 million. Not to be sneezed at, Woodford and Barnett (both great managers) pretty much control the company.......
