CBL Insurance IPO

[Joshuatree]

Any research recently by Forsyth Barr or anyone one else that anyone can share a summary of? Thanks in advance; am holding.

[suse]

1 giant trade this morning..... i hope there is good news coming

[kiora]

1 giant trade this morning..... i hope there is good news coming

Your hope is my wish.Another 4m shares through today.I like(Percy likes?) this bit "The stock trades on just 10 times forward earnings despite strong double-digit growth and greater than 25 per cent returns on equity.

[macduffy]

Would it be an "on-sale" of shares resulting from the result acquisition?

Just a thought.

[kiora]

Would it be an "on-sale" of shares resulting from the result acquisition?

Just a thought.

Maybe but certainly not a sell down.

[Snow Leopard]

...Guess cps of $0.21 for FY16, and a few years of averaging 10% growth then I would value them at $2.60 now looking at $2.74 at year end.

So, not a convincing buy for me.
I will try to remember to keep an eye on them. I might buy a few, in case they surprise on the upside.

Best Wishes
Paper Tiger

If I take their underlying earnings figure at face value and do a weighted EPS on that I can get $0.209 which would be on target.

But I must admit that I am 'a little disappointed' with this result at first glance (and with it being reporting season I am mainly doing first glances).

Will properly ponder over the accounts later

Best Wishes
Paper Tiger

[NZSilver]

why such the hit in share price?

[macduffy]

why such the hit in share price?

Market was expecting a better result?

But relax, Chairman has bought another 25,000 shares on market.

[kiora]

Market was expecting a better result?

But relax, Chairman has bought another 25,000 shares on market.

Very,very relaxed thanks. Onwards & upwards

[Snow Leopard]

I actually bought a few [more] CBL today and I am already three dollars something in profit on them!

This was after doing a revised valuation and coming up with a current value north of the share price, it came out, by coincidence, at three dollars something, but foolish me managed to delete the calculations instead of saving them.

More precisely I can remember that my one year forward value was three dollars thirty something.

Perhaps the most noticeable item in the results is the 'Foreign exchange translation adjustment' in the profit and loss which this year was a $9M8 loss and last year was a $3M9 profit (both pre-tax).

It would seem that we can expect potentially wild swings year on year purely as a result of currency movements.

Best Wishes
Paper Tiger