Market's view on Helios Underw
Published on April 2024
- Expectations are set for a detailed explanation from Manners regarding the recent decline in share price and the significant discount to the published NAV.
- An increase in dividend from 6p is hoped for, as previous buybacks have not yielded the expected results.
- An updated NAV is deemed essential for shareholders.
- Helios Underwriting plc’s CEO and CFO have given webinar presentations providing overviews of the company and updates on current performance and future plans.
- Discussions on the potential impact of Lloyd’s capacity auctions on NAV are ongoing.
- There is speculation about Helios Underwriting’s strategy to acquire more Namecos and the potential for share swaps with existing Nameco owners.
- A significant fundraising effort is noted, with an emphasis on the hard market hypothesis presented by the CEO.
- Observations were made on new shareholder acquisitions and the potential impact of recent positive press on share price and investor expectations.
- Concerns are expressed about the company potentially purchasing assets from the CEO with proceeds from fundraisings.