Helios Underwriting (HUW)

Sector:

Insurance

Index:

FTSE AIM 100

 220.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 272.00p
  • 52 Week Low: 167.50p
  • Currency: UK Pounds
  • Shares Issued: 72.64m
  • Volume: 50,332
  • Market Cap: £159.80m
  • Beta: 0.01

Helios Underwriting buys Lloyd's of London member Catbang

By Iain Gilbert

Date: Friday 13 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Insurance investor Helios Underwriting has acquired Catbang 926, a limited liability member of Lloyd's of London.
Helios will pay £5.6m in cash for Catbang, £2m of which will be paid on completion, with the remaining £3.6m to come within 60 days of completion.

The consideration represents a discount of about 16% to Catbang's independent valuation of £6.7m.

The AIM-listed group said the 2019 underwriting capacity of Catbang was £4.1m and noted that it participated in a spread of Lloyd's syndicates that broadly matched Helios' existing portfolio.

Helios will reinsure 70% of the 2020 underwriting year, in line with its policy of reducing "on-risk" exposures.

The company also said that in addition to the Catbang transaction, it was continuing to pursue a number of further Lloyd's LLV acquisitions.

At 0835 GMT, Helios shares were flat at 131p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

HUW Market Data

Currency UK Pounds
Share Price 220.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 272.00p
52 Week Low 167.50p
Volume 50,332
Shares Issued 72.64m
Market Cap £159.80m
Beta 0.01

HUW Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.14% above the market average98.14% above the market average98.14% above the market average98.14% above the market average98.14% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Price Trend
64.41% above the market average64.41% above the market average64.41% above the market average64.41% above the market average64.41% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Income
53.74% above the market average53.74% above the market average53.74% above the market average53.74% above the market average53.74% above the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
95.6% below the market average95.6% below the market average95.6% below the market average95.6% below the market average95.6% 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

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HUW Dividends

  Latest Previous
  Final Special
Ex-Div 12-Jun-25 12-Jun-25
Paid 18-Jul-25 18-Jul-25
Amount 6.00p 4.00p

Trades for 22-Jul-2025

Time Volume / Share Price
15:29 33,482 @ 224.00p
16:20 6,825 @ 218.63p
15:37 43 @ 218.63p
15:17 910 @ 219.70p
15:15 50 @ 219.70p

HUW Key Personnel

COO Adhiraj Maitra

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