Helios Underwriting (HUW)

Sector:

Insurance

Index:

FTSE AIM All-Share

180.00p
   
  • Change Today:
    -2.50p
  • 52 Week High: 185.00
  • 52 Week Low: 115.00
  • Currency: UK Pounds
  • Shares Issued: 74.75m
  • Volume: 9,420
  • Market Cap: £134.54m

Helios Underwriting buys Lloyd's member for £2.24m

By Maryam Cockar

Date: Tuesday 04 Apr 2017

LONDON (ShareCast) - (ShareCast News) - AIM-listed Helios Underwriting has bought Charmac Underwriting, a member of the Lloyd's of London insurance market, for £2.24m as part of its strategy to increase capacity through acquisition.
The acquisition was completed on Monday following approval by Lloyd's on the change of control of Charmac.

The £2.24m paid is a 5% discount on the independent valuation of £2.35m on Charmac by Humphrey's, an estate agent.

Charmac is expected to have funds surplus to its current underwriting requirements of over £1m which Helios aims to utilise in the future.

Its underwriting, which is £1.62m for 2017, will add to Helios' capacity, which stood at £33.4m prior to the acquisition.

Charmac participates in a spread of Lloyd's syndicates that broadly matches Helios' existing portfolio and the deal will enable Helios to build on the better syndicates at Lloyd's.

In 2015, Charmac made a pre-tax profit of £48,000 on gross premiums written of £1.32m and its net asset value was £1.2m, while its underwriting capacity of £680,00 was included in the transaction.

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HUW Market Data

Currency UK Pounds
Share Price 180.00p
Change Today -2.50p
% Change -1.37 %
52 Week High 185.00
52 Week Low 115.00
Volume 9,420
Shares Issued 74.75m
Market Cap £134.54m

HUW Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
5.70% above the market average5.70% above the market average5.70% above the market average5.70% above the market average5.70% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Price Trend
83.77% above the market average83.77% above the market average83.77% above the market average83.77% above the market average83.77% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Income
87.37% below the market average87.37% below the market average87.37% below the market average87.37% below the market average87.37% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
5.96% above the market average5.96% above the market average5.96% above the market average5.96% above the market average5.96% above the market average
Sector averageSector averageSector averageSector averageSector average

HUW Dividends

  Latest Previous
  Final Final
Ex-Div 08-Jun-23 23-Jun-22
Paid 14-Jul-23 18-Jul-22
Amount 3.00p 3.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:23 1,000 @ 176.00p
16:23 1,000 @ 184.20p
16:19 658 @ 183.00p
15:04 6,653 @ 178.00p
08:19 109 @ 185.00p

HUW Key Personnel

Finance Director Arthur Manners
CEO Martin Reith
Chair Michael Wade

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