Damp Seaweed
26 Nov 2015
Re: share price dip They have gone ex dividen
pancaked
26 Nov 2015
Re: share price dip No idea. It opened down about 75p Something must have happened overnight that we are unaware of.
titusaducks
26 Nov 2015
share price dip Anyone any ideas why such a dramatic fall in the SP this morning?
Greyinvestor
05 Nov 2015
steady results To my mind these are sensible, steady results. I like management honesty.Bear in mind that this is a heavily shorted stock. The price is now a heavy multiple of NTA. So it's fully valued. They special dividend is more a return of excess capital. The company is shrinking and buying more reinsurance, but a time will come when the company needs more capital. It's not that tax efficient; you pay tax on the divi now, and may have to invest later.This has been another low claims year. There will be years in which claims are much heavier and investment returns even worse.I like this company, for me the shares are a strong hold. But revenues and profits are declining even in a good year. The founder warrants are, at last, being exercised and are therefore washing through.So, a Hold for me, but there will be bad years in the future.
adriano
05 Nov 2015
Re: Solid 3rd qtr results What excellent observations.I thought the comment about consolidation without any follow up was very telling. T/O within a year methinks.When also considering a nice special dividend, then this is a superb buy at the moment.
aspace
05 Nov 2015
Solid 3rd qtr results I don't usually give much attention to quarterly results, preferring to focus on annual audited accounts. But with today's price spike I thought I'd better take a look. CEO and CFO statement appear favourable and appropriately conservative. CEO has made a comment on current consolidation activity without confirming nor denying LRE may have a role to play in that, which is as non-committal as one would expect. One thing that did puzzle me was the CFO's statement that:"with our current reinsurance programme we won't need as much capital as we are currently carrying. We are therefore returning more than earnings with a special dividend of $188.0 million"Is this yet another special dividend? If so, why was it not mentioned in the CEO's statement?
Inatthetop
24 Sep 2015
A buying opportunity now? Nm
Greyinvestor
08 Sep 2015
Re: takeover I think the non life insurers are now sunk as an investment for the future. I'm searching pastures new for value, while holding onto my remaining BEZ, LRE and NVA........
Broncomaniac
08 Sep 2015
Re: takeover Well there goes any hope I had for getting into LRE at 550p.
Greyinvestor
08 Sep 2015
takeover Of AML today, 100% cash and a big premium.Only BEZ, NVA, LRE and HSX to go. In that order!
SilksDream
08 Sep 2015
Any ideas on why the big move today. SP up 53p at £7.06?SD
Michael Soubry
31 Jul 2015
Re: Apologies It is, in this usage. Well spotted. I wouldn't have noticed.
Greyinvestor
30 Jul 2015
Apologies Apologies for my atrocious English. It's compliments, is it not?
Greyinvestor
30 Jul 2015
Re: Poor results My own position with LRE is that I have a large holding and at this stage do not plan to sell. I would buy more, but not at this price, knowing what I now know.I agree that LRE are good underwriters, but I also believe that HSX and BEZ have better business models. As a result their results have been very much better. LRE has weakened over the last few years.I believe that LRE needs to do the following:Enter more speciality niches where margins and growth are better. Have a USPMove on from the influences of the founder and get rid of the founder warrants. This is partly beyond their control.Most importantly, LRE needs some big catastrophes, which burn capital out of the market and strengthen rates. The only trouble is that LRE has distributed so much capital to shareholders that it might need to raise more if rates go up. All of this is partly caused by QE/excess cash in the market.Enough said, off for one of my charity volunteering days. Thanks for the undeserved complements; I just bought some PFL and took a bath, the same with emerging markets. So not much wisdom from me there.........
aspace
30 Jul 2015
Re: Poor results Thanks GreyinvestorFrom what I can see LRE are accepting only good underwriting risks which will, from time to time, mean revenues go down. And in a soft market, profits too. But they are still profitable. The last thing I'd want to see them doing is accepting poor risk in order to keep revenues up as we know that would bring disaster to us shareholders as the risks unfurl over time. Please do correct me if I am wrong (usually likely) but I like LRE's focus on underwriting, less reliance on investment returns and capital discipline meaning occasional generous special dividends. So I am happy to continue holding and may top up with dividends from my other shares. If I may ask a question: When you say LRE have a "long haul ahead", what are you referring to?
